Gores Group Unit to Acquire Triumph Group's (TGI) TAR Business Dec 7, 2016 05:22PM

Triumph Group, Inc. (NYSE: TGI) and Gores Small Capitalization Partners, an affiliate of The Gores Group announced today the definitive agreement to acquire Triumph Air Repair, the Auxiliary Power Unit (APU) Overhaul Operations of Triumph Aviation Services – Asia, Ltd. and Triumph Engines - Tempe. The transaction is subject to customary closing conditions and is expected to close in early 2017. The combined businesses generated revenues of approximately $81 million in... (continue reading...)

Corning (GLW) Approves New $4B Stock Buyback Program Dec 7, 2016 04:31PM

Corning Incorporated (NYSE: GLW) announced that its board of directors has authorized a new $4 billion share repurchase program effective Dec. 7, 2016.

In October 2015, Corning's management introduced its Strategy and Capital Allocation Framework designed to create significant value for shareholders by leveraging the company's financial strength and focusing the company's portfolio. The updated Framework includes a commitment to deliver greater than $12.5 billion to... (continue reading...)

Wireless Telecom (WTT) Names Michael Kandell as CFO Dec 7, 2016 04:31PM

Wireless Telecom Group, Inc. (NYSE MKT: WTT), a leading provider of high-performance radio frequency infrastructure and test & measurement solutions for wireless and advanced communications, announced today that Michael Kandell is joining the Company as its new Chief Financial Officer (CFO), effective January 2, 2017. Michael joins Wireless Telecom Group from Avaya, Inc. where he was Senior Director of Accounting. As CFO, Michael will be responsible for contributing to... (continue reading...)

U.S. Steel could restore up to 10,000 U.S. jobs - CEO tells CNBC Dec 7, 2016 04:23PM

(Reuters) - United States Steel Corp (NYSE: X) could be looking at restoring up to 10,000 jobs in the United States, Chief Executive Mario Longhi told CNBC, without providing a timeline for the additions.

"I'm more than happy to bring back the employees that we were forced to lay off during the depressing period," Longhi said in an interview on CNBC.

During his election campaign, President-elect Donald Trump emphasized his desire to... (continue reading...)

Xenith Bkshs (XBKS) Announces One-for-Ten Reverse Stock Split Dec 7, 2016 04:22PM

Xenith Bankshares, Inc. (Nasdaq: XBKS) announced a reverse stock split of the Company’s outstanding shares of common stock at a ratio of 1-for-10.

The Company’s shareholders granted the Board of Directors the authority to effect the reverse stock split at the Company’s annual meeting of shareholders held on November 21, 2016.

The reverse stock split is scheduled to take effect at 9:00 AM Eastern Time on December 13, 2016 (the “Effective Time”). At the Effective... (continue reading...)

More Corporate News

View Older Stories

Dec 7, 2016 04:18PM Steel Partners Holdings (SPLP) to Acquire Remaining 36% Stake in Steel Excel
Dec 7, 2016 04:17PM USANA Health Sciences (USNA) Names New CIO and President
Dec 7, 2016 04:10PM Compass Diversified (CODI) Plans 5.6M Common Share Offering
Dec 7, 2016 04:09PM Voyager Therapeutics (VYGR) Announces Clinically Meaningful Interim Phase 1b Trial of VY-AADC01 Data
Dec 7, 2016 04:08PM Acxiom's (ACXM) LiveRamp Closes Arbor and Circulate ACquisitions
Dec 7, 2016 04:04PM Shutterfly (SFLY) Adds Two New Directors
Dec 7, 2016 04:03PM Aerojet Rocketdyne (AJRD) Enters $200M Conv. Senior Notes Private Offering
Dec 7, 2016 04:02PM SkyWest (SKYW) Nov. Traffic Declines 5.9%
Dec 7, 2016 03:02PM Air Transport Services Group (ATSG) Announces ABX Air Motion Converted to Preliminary Injunction
Dec 7, 2016 02:01PM Neogen Corp. (NEOG) Appoints Dr. Dan Kephart as Its Chief Science Officer
Dec 7, 2016 01:29PM Exclusive: U.S. regulator set to fail Wells Fargo on community lending test - sources
Dec 7, 2016 01:01PM GNC Holdings (GNC) Says It's Pleased with DOJ Agreement
Dec 7, 2016 01:01PM Alere (ALR) Comments on Abbott (ABT) Complaint; Believes Suit is 'Without Merit'
Dec 7, 2016 12:18PM Apple (AAPL) in talks with film studios for early movie rentals - Bloomberg
Dec 7, 2016 12:15PM NeuroMetrix (NURO) Brings Quell to Amazon.com
Dec 7, 2016 11:43AM Summit Financial Group (SMMF) Announces First Century Shareholders Approve Acquisition
Dec 7, 2016 11:37AM AT&T touts Time Warner merger at U.S. Senate hearing
Dec 7, 2016 11:25AM Time (TIME) Selects President-Elect Trump as '2016 Person of the Year'
Dec 7, 2016 11:15AM Abbott (ABT) Files Complaint to Terminate Alere (ALR) Acquisition
Dec 7, 2016 11:01AM Hain Celestial (HAIN) Appoints New COO, Other Executives
Dec 7, 2016 09:57AM Interpublic says U.S. government sought video production data
Dec 7, 2016 09:15AM Fitbit (FIT) Announces Acquisition of Certain Pebble Assets
Dec 7, 2016 09:13AM Square (SQ) Gains Following Apple Pay Alliance
Dec 7, 2016 09:05AM Medtronic (MDT), Fitbit (FIT) Partner to Integrate Health and Activity Tracking for Patients With Diabetes
Dec 7, 2016 08:51AM NeuroDerm (NDRM) Prices 4M Share Follow-on Offering for Proceeds of ~$75M
Dec 7, 2016 08:48AM UPDATE: Linde to Resume Talks with Praxair (PX); Appoints Belloni as CEO
Dec 7, 2016 08:43AM Starbucks sets five-year growth targets, to open 12,000 more stores
Dec 7, 2016 08:32AM Varian Medical Systems (VAR) Updates on Imaging Components Business Separation; Will Receive ~$200M
Dec 7, 2016 08:16AM Mylan (MYL) Announces Restructuring Program; Sees Workforce Impact
Dec 7, 2016 08:12AM Ladder Capital (LADR) Prices 10M Share Secondary Stock Offering for Proceeds of ~$136M
Dec 7, 2016 08:11AM SunPower (SPWR) to Commence Restructuring; Sees Charges; Offers FY17 Outlook
Dec 7, 2016 08:10AM Aclaris Therapeutics (ACRS) Commences ATI-50001 Phase 1
Dec 7, 2016 08:08AM PriceSmart (PSMT) Comps Fell 0.2% in November 2016
Dec 7, 2016 08:06AM MannKind (MNKD) Announces Completion of $10.2M Insulin Sales Agreement with Sanofi (SNY)
Dec 7, 2016 08:05AM Curtiss-Wright (CW) to Acquire Teletronics Technology in $233M Cash Deal
Dec 7, 2016 08:04AM NV5 Global (NVEE) Announces Acquisition of CivilSource
Dec 7, 2016 08:03AM Vera Bradley (VRA) Tops Q3 EPS by 1c; Offers Light Q4 Outlook; Enters New Licensing Agreements
Dec 7, 2016 08:03AM Abiomed (ABMD) Receives Expanded PMA from FDA for Impella Heart Pump
Dec 7, 2016 08:01AM Starbucks Coffee (SBUX) to Present Five-Year Growth Plan at Investor Conference
Dec 7, 2016 07:58AM Allegiant Travel (ALGT) Load Factor Fell 0.5 Points in Nov. 2016; TRASM Outlook Boosted
Dec 7, 2016 07:55AM Nu Skin Enterprises (NUS) CEO Hunt to Depart in mid-2017; Transition Plan Announced
Dec 7, 2016 07:48AM Fidelity National Financial (FNF) Board Approves Plan to Distribute Black Knight Financial (BKFS) Shares
Dec 7, 2016 07:42AM Cytokinetics (CYTK), Origent Announce Part 1 Results from Vital Capacity Prediction in Patients With ALS
Dec 7, 2016 07:40AM Horizon Pharma (HZNP), Sobi Enter Ravicti, Ammonaps Distribution Agreement
Dec 7, 2016 07:36AM ARIAD Pharma (ARIA) Presents Strong Data from Brigatinib ALTA Trial in ALK+ NSCLC
Dec 7, 2016 07:34AM Cellceutix Corporation (CTIX) Commences Second Cohort of Brilacidin Phase 2 in IBD
Dec 7, 2016 07:32AM Nu Skin Enterprises (NUS) Guides FY17 Revenue, EPS Below Views
Dec 7, 2016 07:31AM Gulfport Energy (GPOR) Announces $87M Acquisition of Monroe County Acreage
Dec 7, 2016 07:09AM Cascadian Therapeutics (CASC) Amends Tucatinib HER2CLIMB Phase 2; Increases Sample Size
Dec 7, 2016 07:03AM China TechFaith (CNTF) Wins Enterprise Devices Order in LatAm Market
View Older Stories