1 December, 2016 by The TZ Newswire Staff Comments Off on Why CLARCOR Inc.’s Shares Popped 18% Today
Why CLARCOR Inc.’s Shares Popped 18% Today
Image source: Getty Images.
Shares of filtration company CLARCOR Inc. (NYSE: CLC) jumped as much as 17.7% on Thursday after an announcement the company was being acquired by Parker-Hannifin Corporation (NYSE: PH) for $4.3 billion. As of 12:10 p.m., shares were still up 16.9% for the day.
Parker-Hannifin will pay $83 per share in cash for CLARCOR in a deal it believes will improve its strategic position in the marketplace. Expected annual synergies of $140 million are also seen to justify the purchase price.
1 December, 2016 by The TZ Newswire Staff Comments Off on LeBron James named Sports Illustrated’s sportsperson of the year
LeBron James named Sports Illustrated’s sportsperson of the year
LeBron James named Sports Illustrated’s sportsperson of the year
LeBron James is the 2016 Sports Illustrated Sportsperson of the Year.
The publication announced the news Thursday morning.
1 December, 2016 by The TZ Newswire Staff Comments Off on Cohen Klingenstein Keeps Stake in Adobe (ADBE)
Cohen Klingenstein Keeps Stake in Adobe (ADBE)
Cohen Klingenstein maintained its stake in Adobe Systems Inc. shares in the third quarter of 2016.
1 December, 2016 by The TZ Newswire Staff Comments Off on Trump should pick this guy as Energy secretary over me, Harold Hamm says
Trump should pick this guy as Energy secretary over me, Harold Hamm says
Harold Hamm’s name has been floated for Energy secretary, but the billionaire oilman says there’s a better man.
1 December, 2016 by The TZ Newswire Staff Comments Off on NextGen Now Accepting Crowdfunding Video Awards Submissions
NextGen Now Accepting Crowdfunding Video Awards Submissions
On Thursday, NextGen Crowdfunding announced it is now accepting submissions for its Crowdfunding Video Awards (CVAs). Last month, the company revealed details about the CVAs, which will notably recognize the best pitch videos from both reward and equity crowdfunding campaigns. NextGen stated it is now… Read More
1 December, 2016 by The TZ Newswire Staff Comments Off on Doublelines Gundlach likes bonds, gold. Does not like the dollar/stocks
Doublelines Gundlach likes bonds, gold. Does not like the dollar/stocks
Sounds like he is looking to turn the market around
DoubleLines Jeffrey Gundlach is on the newswires saying he:
He said they bought bonds earlier in the week and thinks that the market is way ahead of itself on the potential impact of President-elect Trump.
1 December, 2016 by The TZ Newswire Staff Comments Off on Inovio Pharmaceuticals’ Next Zika Opportunity
Inovio Pharmaceuticals’ Next Zika Opportunity
The World Health Organization (WHO) says that Zika no longer presents an international emergency. Slow down? Not Inovio Pharmaceuticals (NASDAQ: INO). The biotech just announced its next move in the race to combat the Zika virus — and Bill Gates is picking up the tab.
Image source: Getty Images.