US News

Ocwen Financial Corporation, (NYSE:OCN), a financial services holding company, has announced that the 62,000 outstanding shares of its Series A Perpetual Convertible Preferred Stock were converted into common stock and immediately repurchased and cancelled. “This transaction is in addition to our strategy to repurchase shares of common stock roughly equivalent to our prior period...

There’s no doubt about it. Persistence can pay off. AbbVie (NYSE:ABBV) has been courting Shire plc (LSE:SHP) for some time now with takeover proposals, all of which Shire has shunned. The board of Shire has now reported that it is willing to recommend ABBV’s latest offer of £53.2 per share in cash and stock. Shire’s share […]

We all know the axiom that “Where there’s smoke, there’s fire.” But have you ever noticed how, when one person lights up, someone else inevitably does too? That’s what happened today when Imperial Tobacco ( LSE:IMT) lit up the news that it was hoping to acquire some brands currently the property of Lorillard (NYSE:LO) and […]

Yep, they are? The KEYW Holding Corporation’s subsidiaries KEYW Corporation (Nasdaq:KEYW) and Hexis Cyber Solutions, Inc. (Hexis) are working with Oracle’s National Security Group (NSG) on advanced solutions for certain mission applications and advanced analytic development for KEYW’s U.S. Government customers. “Oracle has taken a lot of the work out of the system...

Chicowhat? Chicopee Bancorp, Inc(Nasdaq:CBNK), the holding company for Chicopee Savings Bank, announced today that it expects to record a provision for loan losses of approximately $2.8 million (pre-tax) and $5.0 million (pre-tax) for the three and six months ended June 30, 2014, respectively. As a result, the Company anticipates reporting a loss before taxes of […]

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 […]