US News

Purchases a 49% stake in Almondz Insurance Brokers Willis Group Holdings plc (NYSE:WSH), the global risk adviser, insurance and reinsurance broker, has agreed to purchase a 49% stake in Almondz Insurance Brokers Private Limited. Almondz is a leading Indian insurance broker with nearly 300 associates in nine offices in India serving clients with a broad […]

Perk International Inc. (OTCBB:PRKI) announced today that its wholly owned subsidiary TECH9 Inc. has entered into an extensive consulting contract with KONTACT MARKETING GROUP. The scope of the contract enables TECH9 Inc. to leverage its major accounts for broadcast on the 150 screens managed by Kontact Marketing Group. Under this agreement, TECH9 can place ads, […]

American National Insurance Company (Nasdaq:ANAT) announced 2014 net income of $247,193,000 or $9.18 per diluted share compared to net income of $268,372,000 or $9.97 per diluted share for 2013. After-tax operating income for 2014 increased to $209,791,000 or $7.79 per diluted share, from $185,120,000 or $6.88 per diluted share for 2013. The increase in operating […]

Uponor invests €16 million to expand PEX pipe manufacturing capacity in North America Uponor’s U.S. subsidiary, Uponor, Inc. is expanding its manufacturing facility in Apple Valley, Minnesota, beginning this spring and with completion expected by December 2015. The €16 million ($18m) investment will be mostly used toward expansion of an additional 8,175 m2 (88,000 sq. […]

Up to 38,900 jobs supported by new PTO operations? In its latest report, Economic Impact of Plastics-to-Oil Facilities in the U.S., the American Chemistry Council (ACC) explored the potential impact that building plastics-to-oil (PTO) facilities in the U.S. could have on economic output and job creation. The report concluded that the U.S. could support as […]

Under five-year contract, BP will offer courses next year in a new state-of-the-art Maersk Training facility in Houston BP will offer advanced training programs for its offshore drilling teams under a new global agreement with Maersk Training, further underscoring BP’s commitment to safe and reliable operations. By 2016, Maersk Training, which currently is working with […]

Shares of Procter & Gamble (NYSE:PG) slumped by 0.4% to 84.87 yesterday as investors seemed to indicate concern over the company’s continuing plan to divest selected brands. The plan is not new. It was first introduced in August 2014. P&G has held its cards close to its vest, preferring to play each brand face-up only […]

RigNet expects to take a one-time charge of approximately $6.2 million RigNet, Inc. (Nasdaq:RNET), a leading global provider of digital technology solutions to the oil and gas industry, today announced that it is implementing a plan to shift resources from its U.S. land rig communications business and certain back office support functions to expand its […]

Fifth Street Asset Management Inc. (NASDAQ:FSAM)today announced the closing of Fifth Street Senior Loan Fund I, LLC, a $309.5 million collateralized loan obligation. FS SLF I represents FSAM’s initial CLO under management and its pricing was the first for a debut manager in 2015. FS SLF I is primarily invested in middle market senior secured […]

It has been one week since I used this space to discuss ARM Holdings (LSE:ARM) following its earnings report for 2014. In the interim, ARM’s share price has gained an additional 12 points. It is up 104 points (10%) since 01 January, closing today at 1,099.00. Every time I research ARM, I get the same […]