1 August, 2016 by The TZ Newswire Staff Comments Off on Solar Acquisition: Trina Solar Buyout Shows Value in the Solar Industry
Solar Acquisition: Trina Solar Buyout Shows Value in the Solar Industry
Image source: Getty Images.
Trina Solar (NYSE: TSL) got a serious offer to be taken private on Monday and this time it may be for real. You may recall that in December, Jifan Gao, the chairman and CEO of Trina Solar, and Shanghai Xingsheng Equity Investment & Management offered to take the company private for $11.60 per share. But the deal was non-binding and the market didn’t take it very seriously.
1 August, 2016 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Kennametal to cut 1,000 jobs, cut global costs
The Wall Street Journal: Kennametal to cut 1,000 jobs, cut global costs
Industrial toolmaker Kennametal Inc., hard-hit by a deep slump in the coal and oil industries, plans to cut 1,000 jobs and increase cost-cutting “substantially” in North America, Europe, Middle East and Africa following its second-straight year of losses.
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1 August, 2016 by The TZ Newswire Staff Comments Off on Smith & Wesson Hits All Time High After FBI Reports Record Gun Sales For July
Smith & Wesson Hits All Time High After FBI Reports Record Gun Sales For July
As America’s summer of rage continues, which has so far seen not only a surge in domestic mass shootings as well as violence between police and minorities, but also almost daily images of European terrorist activity, Obama’s response has been a familiar one: hold speeches, hinting at even more gun control. The problem for the president is that this approach has shown to have just one outcome: one where Obama tends to shoots himself in the foot, so to speak, as every time the president brings up gun control, Americans rush out to buy even more guns.
1 August, 2016 by The TZ Newswire Staff Comments Off on Loews Corporation Records a Loss on Offshore Drilling Weakness
Loews Corporation Records a Loss on Offshore Drilling Weakness
Image source: Getty Images.
Holding company Loews (NYSE: L) this week posted second-quarter results that were marked by a massive writedown in its oil and gas drilling subsidiary, Diamond Offshore (NYSE: DO). The impairment pushed Loews to a net loss despite improving metrics at its other major businesses, CNA Financial (NYSE: CNA), Boardwalk Pipeline (NYSE: BWP), and Loews Hotels.
1 August, 2016 by The TZ Newswire Staff Comments Off on The Wall Street Journal: Those cargo shorts you love? They may be hurting your marriage
The Wall Street Journal: Those cargo shorts you love? They may be hurting your marriage
Relationships around the country are being tested by cargo shorts.
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1 August, 2016 by The TZ Newswire Staff Comments Off on Better Buy: Anavex Life Sciences Corp. vs. Juno Therapeutics
Better Buy: Anavex Life Sciences Corp. vs. Juno Therapeutics
Image source: Getty Images
The market began 2016 with little appetite for biotech stocks, driving the iShares Biotechnology ETF down nearly 30%. On the whole, sentiment has improved somewhat, with the industry-tracking ETF down about 13% year to date, but the good vibes haven’t resonated through the entire industry.
1 August, 2016 by The TZ Newswire Staff Comments Off on Why Shares of Las Vegas Sands Corp. Popped 16.5% in July
Why Shares of Las Vegas Sands Corp. Popped 16.5% in July
Image source: Las Vegas Sands.
What: Shares of gaming giant Las Vegas Sands Corp. (NYSE: LVS) jumped 19% in July, according to data provided by S&P Global Market Intelligence, as investors bet that the decline in Macau’s gaming market will soon come to an end.