Industry News

Ashok Leyland Ltd stock gained 3.64% on BSE on Thursday, after the company surprised the Street by reporting a strong performance for the June quarter. A slowdown in sales of the better-priced medium and heavy commercial vehicles, which grew 12% in Q1 compared with 44% growth a year ago, together with a rise in input costs had been expected to dent profitability. Contrarily, Ebitda margins expanded 1.1 percentage points to 11.2%."/>
Ashok Leyland impresses on margins [Mint, New Delhi]
Mint, New Delhi, P. Manoj column [Mint, New Delhi]
Ezra Holdings Ltd, a Singapore-based provider of offshore marine services, and Japanese engineering company Chiyoda Corp.. The engineering, procurement, and construction..."/>
L&T unit-led consortium wins $1.6 billion Saudi Aramco contract [Mint, New Delhi]
Commercial Vehicle Group on Wednesday said it will close its plant in Monona, idling more than 100 people. The New Albany, Ohio, company shut down a plant in Edgewood in late May, eliminating about 80 jobs."/>
Monona plant closes, latest in round of Iowa manufacturing job losses [The Gazette, Cedar Rapids, Iowa]
Amazon.com announced Thursday it will hire more than 500 full-time workers and open a second fulfillment center in the Lehigh Valley, this time in a burgeoning business park off the new Route 33 interchange. Already a massive presence in the Lehigh Valley, Amazon plans to open a 1.1 million-square-foot warehouse in the 800- acre Chrin Commerce Centre in Palmer Township, essentially doubling its distribution capacity in the..."/>
Amazon to hire 500 for second Lehigh Valley warehouse [The Morning Call (Allentown, Pa.)]
Aetna Inc. and Anthem Inc., with Attorney General Loretta Lynch criticizing the deals as anti-competitive and being pursued "at the expense of consumers across America." Anti-trust lawsuits were filed in District of Columbia federal court against both deals. Anthem has proposed to acquire Bloomfield-based Cigna for $54 billion, and Hartford-based Aetna has sought Humana..."/>
U.S. Suing To Block Aetna-Humana and Anthem-Cigna Mergers [The Hartford Courant]
Jason Industries, Inc. today announced the Company will release its second quarter 2016 results before the market opens on Thursday, August 4, 2016. Jason Industries will also hold a conference call to discuss the results at 11:00 am that day.. The conference call can be accessed by dialing 1-877-407-3982 or 1-201-493-6780."/>
Jason Industries Announces Second Quarter 2016 Earnings Release Date and Teleconference Details
Horizon North Logistics Inc. announced today that it has entered into a Binding Letter of Intent with respect to the acquisition of Empire Camp Equipment Ltd.. Horizon North and Empire have agreed to a purchase price of approximately $44.5 million, payable through a combination of cash and newly issued Horizon North common shares. The Binding Letter of Intent is subject to certain conditions including the results of formal due diligence and the..."/>
Horizon North Logistics Inc. Announces Strategic Acquisition of Empire Camp Equipment Ltd.
Horizon North Logistics Inc. announced today that it has entered into a Binding Letter of Intent with respect to the acquisition of Empire Camp Equipment Ltd.. Horizon North and Empire have agreed to a purchase price of approximately $44.5 million, payable through a combination of cash and newly issued Horizon North common shares. The Binding Letter of Intent is subject to certain conditions including the results of formal due diligence and..."/>
Horizon North Logistics Inc. Announces Strategic Acquisition of Empire Camp Equipment Ltd.
TPI Composites, Inc. today announced the pricing of its initial public offering of 6,250,000 shares of common stock at a price to the public of $11.00 per share. In addition, TPI has granted the underwriters a 30- day option to purchase up to 937,500 additional shares of common stock from TPI at the initial public offering price, less underwriting discounts and commissions. TPI’ s initial public offering is a 100% primary offering.."/>
TPI Composites Prices Initial Public Offering
Spirit Airlines said Thursday that it will begin daily nonstop flights from Philadelphia to Orlando, beginning Oct. 7.. Spirit now flies nonstop from Philadelphia International Airport to eight cities: Dallas-Fort Worth, Atlanta, Chicago, Las Vegas, Los Angeles, Detroit, Fort Lauderdale, Fla., and Myrtle Beach, S.C. "Spirit's new non-stop service to Orlando will provide a travel option that our budget-conscious travelers will appreciate," said Philadelphia airport CEO..."/>
BRIEF: Spirit will fly from PHL to Orlando in the fall [The Philadelphia Inquirer]
Alaska Airlines is in a Newark State of Mind
Delta Air Lines and the Port Authority of New York and New Jersey will partner to replace Terminals C and D at New York's LaGuardia Airport with a state-of-the-art facility. The project, which was approved today by PANYNJ, is part of a new lease agreement to be negotiated at the airport through 2050. The Port Authority has committed, as part of the agreement, $600 million to facilitate construction of the terminal and other supporting..."/>
Delta to partner with Port Authority on LaGuardia terminal redevelopment

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