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White House to host fresh biofuels talks to help refiners -sources
Dec 12 (Reuters) - The White House will host talks between
the rival oil and ethanol industries on Wednesday in hopes of
brokering a deal to help refiners struggling to meet the
country's biofuels policy, according to sources familiar with
Teva's Yitzhak Peterburg resigns from board
Dec 12 (Reuters) - Teva Pharmaceuticals Industries Ltd
said on Tuesday Yitzhak Peterburg, who
previously served as the company's chairman and interim chief
executive, resigned from its board, effective immediately.
BRIEF-Stifel Nicolaus & Co Reports A 6.94 Percent Passive Stake In Astec Industries
STIFEL NICOLAUS & CO INC : * STIFEL NICOLAUS & CO INC REPORTS A 6.94 PERCENT PASSIVE STAKE IN ASTEC INDUSTRIES INC AS OF NOVEMBER 30 - SEC FILING Source text : [http://bit.ly/2nST3pQ] Further company coverage:
BRIEF-CF Industries Announces Tender Offer For Up To $200 Mln Of 7.125% Senior Notes Due 2020
CF Industries Holdings Inc(CF): * CF INDUSTRIES ANNOUNCES TENDER OFFER FOR UP TO $200,000,000 OF 7.125% SENIOR NOTES DUE 2020. * CF INDUSTRIES(CF) - INTENDS TO FUND PURCHASE OF NOTES IN TENDER OFFER WITH CASH ON HAND Source text for Eikon: Further company coverage:
What About Sexual Harassment On Wall Street?
Many of the recent sexual assault allegations have surfaced in industries dominated by men. NPR's Michel Martin talks to Wall Street executive Sallie Krawcheck about sexual harassment in finance.
BRIEF-Sigma Industries Retracts Revenue Projection
Sigma Industries Inc: * SIGMA INDUSTRIES RETRACTS REVENUE PROJECTION. * SIGMA INDUSTRIES - IS RETRACTING ITS REVENUE PROJECTION OF UP TO ABOUT $9 MILLION THAT WAS PUBLISHED IN ITS PREVIOUS PRESS RELEASE Source text for Eikon: Further company coverage:
Teva considering cutting up to 10,000 jobs: Bloomberg
(Reuters) - Teva Pharmaceutical Industries Ltd is considering cutting up to 10,000 jobs as CEO Kare Schultz seeks to reduce $1.5 billion to $2 billion in costs over the next two years, Bloomberg reported, citing people familiar with the matter.
UPDATE 1-Teva considering cutting up to 10,000 jobs - Bloomberg
Dec 8 (Reuters) - Teva Pharmaceutical Industries Ltd
is considering cutting up to 10,000 jobs as CEO Kare
Schultz seeks to reduce $1.5 billion to $2 billion in costs over
the next two years, Bloomberg reported, citing people familiar
with the matter.
PRESS DIGEST -Wall Street Journal - Dec 8
The following are the top stories in the Wall Street Journal. - United Industries LLC, part of Caterpillar Inc's Progress Rail Services unit, admitted that it cheated customers by performing unnecessary repairs to their railcars and pleaded guilty to dumping brake shoes and other parts into the ocean to hide evidence, according to court documents. http://on.wsj.com/2AE5E2H.
Oscars academy issues code of conduct for members after Weinstein expulsion
The Academy of Motion Picture Arts and Sciences said on Wednesday it has adopted its first code of conduct. The new code, which film academy Chief Executive Dawn Hudson reportedly sent to the academy's 8,427 members via email, comes as a response to the widespread sexual harassment, assault and misconduct allegations that have come to light in Hollywood and other industries since the allegations against Hollywood producer Harvey Weinstein in October. After the accusations against Weinstein, the academy made the rare move of expelling him from its ranks, making him just the second person to have been expelled. "There is no place in the Academy for people who abuse their status, power or influence in a manner that violates recognized standards of decency," the academy board wrote to members. "In addition to achieving excellence in the field of motion picture arts and sciences, members must also behave ethically by upholding the academy's values or respect for human dignity, inclusion, and a supportive environment that fosters creativity." Under the new standards, the academy's board of governors can suspend or expel any member who violates the code, or compromises the academy's integrity.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
BRIEF-Mitcham Industries Q3 Loss Per Share $0.46
Mitcham Industries Inc(MIND): * MITCHAM INDUSTRIES REPORTS FISCAL 2018 THIRD QUARTER RESULTS. * Q3 LOSS PER SHARE $0.46. * Q3 REVENUE $8.6 MILLION VERSUS $8.1 MILLION Source text for Eikon: Further company coverage:
BRIEF-Raven Announces Appointment Of Director
Raven Industries Inc(RAVN): * RAVEN ANNOUNCES APPOINTMENT OF DIRECTOR Source text for Eikon: Further company coverage:
BRIEF-Raven Industries Board Authorizes $25 Mln Stock Repurchase
Raven Industries Inc(RAVN): * RAVEN INDUSTRIES BOARD AUTHORIZES $25 MILLION STOCK REPURCHASE; APPROVES CASH DIVIDEND. * Raven Industries Inc(RAVN) - WITH LATEST AUTHORIZATION, COMPANY WILL HAVE ABOUT $28 MILLION REMAINING IN ITS STOCK REPURCHASE PROGRAM Source text for Eikon: Further company coverage:
BRIEF-James Hardie Industries Announces Pricing Of Offering Of Senior Notes
* ANNOUNCED PRICING OF$400 MILLION AGGREGATE PRINCIPAL
SENIOR NOTES DUE 2025 AND $400 MILLION AMOUNT OF SENIOR NOTES
BRIEF-Greater Portland Transit District Supports Growth With 11 More Buses From New Flyer
New Flyer Industries Inc(NFYEF): * NEW FLYER INDUSTRIES(NFYEF) - GREATER PORTLAND TRANSIT DISTRICT ORDERED FOR 5 XCELSIOR COMPRESSED NATURAL GAS TRANSIT BUSES, & 6 XCELSIOR TRANSIT BUSES Source text for Eikon: Further company coverage:
BRIEF-Evonik to buy 3M's high-concentrates additive compounding business
Evonik Industries AG: * SAYS TO ACQUIRE HIGH-CONCENTRATES ADDITIVE COMPOUNDING BUSINESS FROM 3M http://bit.ly/2nazicJ Further company coverage:
Japan's Toray reports data falsification at materials unit
TOKYO (Reuters) - Japan's Toray Industries on Tuesday revealed 149 cases of quality data falsification at a materials-making subsidiary spanning eight years, in the latest quality-assurance scandal to hit a Japanese manufacturer.
Japan's Toray to hold news conference on data falsification at unit
Japan's Toray Industries (TRYIF) said on Tuesday it will hold a news conference regarding data falsification at a subsidiary, in what could be the latest in a series of quality-assurance scandals to hit Japanese manufacturers.
BRIEF-Huntington Ingalls says U.S. Govt, co reached settlement of co's claim for Avondale facility's restructuring ...
Huntington Ingalls Industries Inc(HII) : * HUNTINGTON INGALLS INDUSTRIES (HII) - ON NOV 16, U.S. GOVERNMENT, CO REACHED A SETTLEMENT OF CO'S CLAIM FOR AVONDALE FACILITY'S RESTRUCTURING COSTS. * HUNTINGTON INGALLS INDUSTRIES (HII) - UNDER TERMS OF SETTLEMENT RELATED TO AVONDALE RESTRUCTURING, $251 MILLION WILL BE TREATED AS ALLOWABLE COSTS - SEC FILING. * HUNTINGTON INGALLS INDUSTRIES-ANTICIPATES MAJORI...
Airstream parent Thor posts record sales, beats earnings expectations
Shares of Thor Industries Inc. jumped 7% late Monday after the maker of Airstream, Dutchmen, and other RV subsidiaries reported fiscal first-quarter 2018 earnings and sales above Wall Street expectations. Thor said it earned $128.4 million, or $2.43 a share, in the quarter, compared with $78.7 million, or $1.50 a share, in the year-ago period. Sales rose 31% to $2.23 billion, compared with $1.71 billion a year ago. Analysts polled by FactSet had expected earnings of $1.84 a share on sales of $1.99 billion. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
BRIEF-Thor Announces Q1 Earnings Per Share $2.43
Thor Industries Inc(THO): * THOR ANNOUNCES RECORD RESULTS FOR FIRST QUARTER FISCAL 2018. * Q1 EARNINGS PER SHARE $2.43. * Q1 SALES $2.23 BILLION VERSUS I/B/E/S VIEW $1.99 BILLION.
Teva shares surge 6% on corporate shake-up
The generic drugmaker is betting on leadership changes, cost cuts. Struggling generic drugmaker Teva Pharmaceutical Industries Ltd. (TEVA) announced a slate of new changes Monday, including the departure of three top executives, in an effort to cut costs and move its business onto firmer ground. Teva also plans to announce additional restructuring details in mid-December.
Teva shares rise 4% on major reorganization, leadership changes
Teva Pharmaceutical Industries Ltd. shares rose 4% in Monday morning trade after the company announced a major reorganization and several top leadership changes. Cheap generic drug prices have put significant pressure on the generic drugmaker in recent months, and the changes -- under new Chief Executive Kare Schultz -- were described as a way to take "decisive and immediate action to address external pressures and internal inefficiencies," according to a statement by Schultz. Teva, which previously organized its generics and specialty drug businesses in two separate units, will now instead operate through three regions -- North America, Europe and Growth Markets -- that will manage all Teva drugs "with full end-to-end P&L accountability," the company said. Some of Teva's previous business units will be retained, but not all, Teva said. Leadership changes include the retirement of Michael Hayden, president of global research and development, Rob Koremans, president and chief executive of global specialty medicines, and Dipankar Bhattacharjee, president and chief executive officer of the global generic medicines group, at the end of the year. The company's new management team includes now-Chief Financial Officer and Executive Vice President Michael McClellan, Executive Vice President, Global R&D Hafrun Fridriksdottir, Executive Vice President, North America Commercial Brendan O'Grady, Executive Vice President, European Commercial Richard Daniell, Executive Vice President, Growth Markets Commercial Gianfranco Nazzi and Executive Vice President, Global Marketing & Portfolio Sven Dethlefs. Teva shares have dropped 13% over the last three months and 61% year-to-date, compared with a 6.5% rise in the S&P 500 over the last three months and a 8% rise in the Dow Jones Industrial Average .Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
BRIEF-Reliance Industries closes sale of assets in Marcellus shale play of north-eastern and central Pennsylvania
* Closes sale of its assets in Marcellus shale play of
north-eastern and central Pennsylvania
Closer Look: Why Are Women Underrepresented in Some Industries More Than Others
BRIEF-CTI INDUSTRIES SAYS TIMOTHY PATTERSON TENDERED HIS RESIGNATION AS CFO
Cti Industries Corp(CTIB): * CTI INDUSTRIES CORP SAYS EFFECTIVE NOV 15, TIMOTHY PATTERSON TENDERED HIS RESIGNATION AS CFO - SEC FILING Source text: Further company coverage:
BRIEF-Huntington Ingalls Industries announces pricing of 3.483% Senior Notes due 2027
* Huntington Ingalls Industries announces pricing of 3.483%
Notes due 2027
BRIEF-PPG Industries entered into partnership with Sinode Systems for vehicle battery technology
PPG Industries Inc(PPG)- * PPG Industries Inc(PPG) - entered into a partnership with Sinode Systems for vehicle battery technology. * PPG Industries Inc (PPG) - PPG will help both Raymor Industries and Sinode scale up their manufacturing processes to production volumes to support project Source text for Eikon: Further company coverage:
BRIEF-Avcorp Industries qtrly loss per share $0.02
Avcorp Industries Inc(AVPFF). * Avcorp announces 2017 third quarter financial results. * Avcorp Industries Inc(AVPFF) - qtrly loss per share $0.02. * Avcorp Industries Inc (AVPFF) - qtrly revenues $36.3 million versus $47.3 million Source text for Eikon: Further company coverage:
BRIEF-Raven Industries announces retirement of director Mark Griffin
Raven Industries Inc(RAVN). * Raven Industries(RAVN) announces retirement of director Mark Griffin Source text for Eikon: Further company coverage:
Noah Holdings Ltd.NOAH
Noble Energy Inc.NBL
Nomura Holdings Inc ADRNMR
Noranda Aluminum Holding CorporationNOR
Nord Anglia EducationNORD
Nordic American Offshore LtdNAO
Nordic American Tankers LimitedNAT