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Category: Business

Business

Exxon Mobil Corporation (NYSE:XOM) Q2 Pointing to Flat Profits

Posted onJuly 2, 2019July 4, 2019

Exxon Mobil Corporation (NYSE:XOM) said lower natural gas and chemical margins in its second quarter would offset improved crude and refining operations, pointing to flat …

Business

Brookfield Asset Management & GIC Agreed to Acquire Genesee & Wyoming Inc

Posted onJuly 2, 2019July 4, 2019

Brookfield Asset Management Inc. (NYSE:BAM) and Singaporean sovereign wealth fund GIC on Monday agreed to buy U.S. freight railroad owner Genesee & Wyoming Inc for …

Business

Deutsche Bank Lowering its Capital Cushion

Posted onJuly 2, 2019July 4, 2019

Deutsche Bank Aktiengesellschaft (NYSE:DB) is sounding out regulators about lowering its capital cushion as a way to help finance its impending restructuring, according to people …

Business

Halliburton Company (NYSE:HAL) and state-owned Kuwait Oil Co. signed $597 million contract

Posted onJuly 2, 2019July 2, 2019

Halliburton Company (NYSE:HAL) and state-owned Kuwait Oil Co. signed a 181.4 million-dinar ($597 million) contract to explore for oil off the coast of Kuwait, marking …

Business

Lazada will leverage key intellectual property rights tool from parent Alibaba Group (NYSE:BABA)

Posted onJuly 2, 2019July 4, 2019

Lazada Group, Southeast Asia’s e-commerce leader, will leverage a key intellectual-property-rights tool from parent Alibaba Group Holding Ltd (NYSE:BABA)to bolster its brand-protection efforts. Lazada, which …

Business

Nordson Corporation (NASDAQ:NDSN) acquired Optical Control GMBH

Posted onJuly 2, 2019

Nordson Corporation (NASDAQ:NDSN)has acquired Optical Control GMBH, a designer and developer of high speed, fully automatic counting systems utilizing x-ray technology. This offering will expand …

Business

Performance Food Group Company (NYSE:PFGC) to acquire Reinhart Foodservice from Reyes Holdings

Posted onJuly 2, 2019July 2, 2019

Performance Food Group Company (NYSE:PFGC) announced it has entered into a definitive agreement to acquire Reinhart Foodservice, L.L.C from Reyes Holdings, L.L.C. in a transaction …

Business

The Procter & Gamble Company loaned senior executive to serve as managing director

Posted onJuly 2, 2019July 4, 2019

The Procter & Gamble Company (NYSE:PG) has loaned a senior executive to serve as managing director of a new business incubator, which aims to build …

Business

McDonald’s Corporation (NYSE:MCD) Sweden gave out free limited-edition picnic blankets

Posted onJuly 2, 2019July 2, 2019

McDonald’s Corporation (NYSE:MCD) Sweden gave out free limited-edition picnic blankets featuring a quick response (QR) code, letting people place food delivery orders from their phone. …

Business

Starbucks Corporation (NASDAQ:SBUX) announced $1.5 Million donation to Feeding America program

Posted onJuly 2, 2019July 2, 2019

Starbucks Corporation (NASDAQ:SBUX)announced a $1.5 Million donation to the Feeding America program, which includes a $20,000 donation to the Three Square Food Bank, Southern Nevada’s …

Business

Traders Alert: JinkoSolar Holding Co., Ltd. (NYSE:JKS)

Posted onJuly 2, 2019July 2, 2019

JinkoSolar Holding Co., Ltd. (NYSE:JKS) announced that JinkoSolar Japan K.K. (“JinkoSolar Japan”), a subsidiary of the Company, has upsized a two-year JPY5.3 billion syndicated loan …

Business

DuPont de Nemours Industrial Unit & ExxonMobil Developed New Thermoplastic Vulcanizates

Posted onJuly 2, 2019July 4, 2019

DuPont de Nemours, Inc. (NYSE:DD) transportation and industrial unit and ExxonMobil Chemical’s specialty elastomers business have developed new thermoplastic vulcanizates (TPVs) for automotive corner mold …

Business

The Coca-Cola Company (NYSE:KO) Amatil completed $40 million sale of SPC fruit and vegetable processing business

Posted onJuly 2, 2019July 2, 2019

The Coca-Cola Company (NYSE:KO)Amatil has completed the $40 million sale of its SPC fruit and vegetable processing business to Shepparton Partners Collective. The beverage giant …

Business

Investor’s Choice: Sprint Corporation (NYSE:S)

Posted onJuly 2, 2019

Government affairs reps for Sprint Corporation (NYSE:S) and T-Mobile met with the FCC’s general counsel’s office to brief the panel on the two carriers’ proposed …

Business

Analyst(s) Alert: Zoetis Inc. (NYSE:ZTS)

Posted onJuly 2, 2019July 4, 2019

Zoetis Inc. (NYSE:ZTS) stock has appreciated significantly year-to-date on a continued “safety haven” trade and upside to 2020 results on the basis of the upcoming …

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