US News

Secures $35mn credit facility to support continued growth of e-commerce business Speed Commerce, Inc. (Nasdaq:SPDC), a vertically integrated, omni-channel platform of e-commerce services, has completed the asset sale of its legacy distribution business segment to WYNIT Distribution, LLC, a leading national wholesale distributor of products from the top national brands in a number of...

RGS Energy (Nasdaq:RGSE), a US based nationwide leader of turnkey solar energy solutions for residential, commercial, and utility customers, has completed its previously announced private equity offering for gross proceeds of approximately $7.0 million. After paying placement agent fees and offering expenses, the company plans to use the net proceeds of approximately $6.4 million to […]

Biological Product for controlling Zebra and Quagga mussels provides environmentally responsible alternative to Potash and copper-based products for open water applications. Marrone Bio Innovations (Nasdaq:MBII) have been granted Environmental Protection Agency (EPA) approval for Zequanox’s open water use to combat invasive zebra and quagga mussels in lakes, rivers, recreation areas and...

Northrop Grumman Corporation (NYSE:NOC) has participated in Unified Vision 2014 (UV14), NATO’s largest trial of Joint Intelligence, Surveillance and Reconnaissance (JISR) capability aimed at demonstrating and evaluating the Alliance’s ability to coordinate and deploy crucial Allied ISR systems. During the 10-day trial, U.S. European Command, in close coordination with and in...

BREAKING NEWS ShawCor Ltd. (TSX:SCL) has announced that it has completed the acquisition of all of the outstanding shares of Desert NDT LLC, first announced on May 8, 2014, for a total consideration of approximately US$260 million, subject to adjustment for changes in working capital. Desert is a Houston-based provider of non-destructive testing services for […]

Borrowing from the film, Poltergeist, “They’re baaaaack.” Just moments ago, Abbvie Inc. (NYSE:ABBV) put another offer on the table to acquire UK-based specialty pharmaceutical company, Shire Plc (LSE:SHP). AbbVie’s previous offer, made in June, was unequivocally rejected by Shire’s board of directors. Today’s offer is the fourth attempt by AbbVie to draw...

At this point in time it is no surprise to anyone that the crisis in Iraq is capable of spilling over into other regions. The situation is complex, to say the least, and it has economic implications far beyond the massive loss of lives. For each death, the fortunes of families, regardless of how meager […]

KVH Industries, Inc., (Nasdaq:KVHI) has acquired Videotel, a producer of training films and e-Learning services for the commercial maritime industry. Servicing over 11,000 vessels, Videotel is a market leader in the provision of maritime training services, offering video, animation, e-Learning computer-based training (CBT), and interactive distance learning courses. “The acquisition of...

MainStreet Bank (OTCQB:MNSB) ended the first half of 2014 with pre-tax earnings of $817,000 and nearly $316 million in total assets. “Our loan portfolio has grown nearly 12% since this time last year,” said Chairman, CEO & President Jeff W. Dick. “And our deposit base has grown over 21% during that same time period. Probably […]

Read on… Corinthian Colleges, Inc. (Nasdaq:COCO) has signed an operating agreement with the U.S. Department of Education that establishes an orderly transition plan for its 107 campuses and online programs, and allows its students to complete their educational programs. ED has also provided for an immediate drawdown of Title IV (student financial aid) funds for […]