NYSE Market News

Axalta (NYSE:AXTA) floated its IPO today to a great deal of fanfare at the New York Stock Exchange, including a visit by NASCAR driver Jeff Gordon on hand for the ringing of the opening bell. AXTA shares opened at 20.94, more that 6% above the original asking price of 19.00. The company’s market cap is […]

Will they takeover? BP have said that they are now operating the world’s first robotic coreflooding system. The Core Flood Robot is the most recent addition to BP’s programme of enhanced oil recovery (EOR) research facilities. Coreflooding is one of the most important techniques used to identify and evaluate EOR technologies. It measures the effectiveness […]

Award of blocks in the competitive 2013 EGAS bid round BP Egypt has confirmed today that it has been awarded two new exploration blocks as a result of the 2013 EGAS bid round. BP and its partners have committed to invest a total of $240 million in the blocks over different phases. Block 3 – […]

Will see changes in Mexico Sysco Corporation (NYSE:SYY), North America’s leading foodservice distributor, today announced that it has reached an agreement to buy 50 percent of Pacific Star Foodservice, a leading foodservice distributor in Mexico whose majority equity shareholder is privately-owned Arancia, S.A. de C.V. Financial terms were not disclosed. Pacific Star has operated since...

Involves affordable housing PPP project Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that it has received a contract from Ithmar Development Co. to provide project management services in connection with the Bahrain Affordable Housing Public-Private Partnership (PPP) Project. The three-year contract has an estimated value to Hill of...

Alibaba (NYSE:BABA) issued its first quarterly report since its mid-September IPO today.  Its share price increased by 4.19% to 106.07 from yesterday’s close of 101.80. The financial statement was one of those that can be reported at the polar opposites of positive or negative, depending on which aspect one prefers to tout. Investors are still […]

Long retention EEPROM semiconductor device Northrop Grumman Corporation (NYSE:NOC) has successfully completed initial testing of a new nonvolatile memory semiconductor device that could be of significant benefit to the oil exploration field and other industries that require semiconductor devices capable of operating for long periods at high temperatures. The company’s new semiconductor...

Team, Inc. (NYSE:TISI) today announced that Ted W. Owen, has been named Chief Executive Officer, effective December 1, 2014. Mr. Owen was promoted to President of the Company in July 2014 and has been Chief Financial Officer since shortly after joining the Company in 1998. This action by Team’s Board of Directors is, the company […]

++Breaking News++ LinkedIn Corporation (NYSE:LNKD) today announced its intention to offer, subject to market conditions and other factors, $1.15 billion aggregate principal amount of convertible senior notes due in 2019 in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. LinkedIn also expects to grant […]

Transatlantic deal Sonoco (NYSE:SON), one of the largest diversified global packaging companies, today announced that it has completed the acquisition of Weidenhammer Packaging Group (WPG), Europe’s leading provider of composite cans along with composite drums and rigid plastic containers, for €286 million, or approximately $360 million, in cash. According to M. Jack Sanders, Sonoco...