European Equity Benchmarks Close Down

European Equity Benchmarks Close Down

The broad-based major European indices closed lower in Friday’s trading session, as health care stocks, utilities, and automotive firms weighed down the markets. In economic news, a rise in business activity in June helped spur the strongest quarter of economic expansion for over six years, according to flash PMI survey data from IHS Markit. Although the rate of growth fell to a five-month low, high order book inflows and elevated […]

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John Bean Technologies Acquires UK-Based Aircraft Maintenance Support Services

John Bean Technologies Acquires UK-Based Aircraft Maintenance Support Services

John Bean Technologies said Friday it has agreed to acquire Aircraft Maintenance Support Services, a privately held manufacturer of military aviation equipment based in the UK, for GBP10 million ($12.7 million). The deal is expected to close during the third quarter of 2017. “AMSS provides our AeroTech segment a focused strategic investment that will enhance our military offerings and provide us with expanded access to foreign militaries with our existing […]

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Mideast Stocks Mixed

Mideast Stocks Mixed

Middle East shares were mixed, with Qatar recovering some of last week’s losses after the finance minister said the economy was still operating normally although some of its neighboring countries severed ties with the country. Qatari Finance Minister Ali Sherif al-Emadi told CNBC the country could easily defend its currency and prevent shortages of food or other goods. Saudi shares firmed in line with gains in oil prices. In company […]

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eHi Car Services Posts Q1 Beat

eHi Car Services Posts Q1 Beat

eHi Car Services reported Monday financial results for Q1, with better-than-expected earnings and revenue; it also provided revenue guidance for Q2 and fiscal 2017. For the quarter ended March 31, the rentals and car services provider in China posted earnings of RMB0.44 ($0.06) per ADS, compared with the prior-year period’s RMB0.05 loss per ADS. Analysts polled by Capital IQ were expecting earnings of RMB0.17 per ADS. Revenue was RMB615.6 million, […]

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Cypress Rolls Out New Wi-Fi Solution

Cypress Rolls Out New Wi-Fi Solution

Cypress Semiconductor, a provider of wireless connectivity solutions for the Internet of Things, said pre-market Tuesday that it has introduced a new wireless solution that delivers advanced coexistence combining 802.11ac high-performance Wi-Fi, Bluetooth and Bluetooth Low Energy (BLE) for IoT applications. The new highly integrated Cypress CYW4373 solution incorporates a USB 2.0 hub that provides a common WLAN and Bluetooth interface. The combo solution is ideal for smart home products […]

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