NYSE Market News

The anticipated Alibaba IPO is about to become a reality. We now know that it will take place on 18 September, that only “friends and family” will be able to purchase on that date before public trading commences on the NYSE the following day, and that the company’s ticker symbol will be BABA (NYSE:BABA). We […]

Deal to manage construction of theme parks development in Dubai Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that it has received a contract from Meraas Leisure and Entertainment LLC to provide show and ride construction management consultancy services in connection with Phase 1 of the Dubai Parks development in Dubai, […]

The shaking of BP’s share price (LSE:BP.) was almost seismic as it fell from 486.15 at 3:13 pm to 461.83 just nine minutes later, before closing at 455.00, a decline of 5.94% on the day. You could almost tell how long it took to read the 153-page judgment handed down by U.S. District Court Judge […]

Deal to operate family health centres Huntington Ingalls Industries (NYSE:HII) announced today that it has awarded a contract to QuadMed, a national leader in employer-sponsored onsite healthcare. QuadMed will manage and operate HII’s family healthcare centers for the company’s Ingalls Shipbuilding and Newport News Shipbuilding division employees and their families. “We are...

We advocate a “buy and hold” strategy. It’s really what investing is all about. You can take all of the stock market axioms, e.g., “By low, sell high,” and file them under “Advice that no one ever listens to, because they get too emotionally involved.” One of the reasons for that penchant for ignoring that […]

Food for thought? Tyson Foods, Inc. (NYSE:TSN) and The Hillshire Brands Company (NYSE:HSH) today announced that Tyson has extended the offering period of its previously announced tender offer to purchase all of the outstanding shares of common stock of Hillshire Brands for $63.00 per share in cash, without interest. Pursuant to the Agreement and Plan […]

The financial world waited nervously for Fed Chairwoman Janet Yellen’s speech in Jackson Hole, Wyoming today. The anticipation and tension was felt, as it is every month, in markets around the globe as investors expectations increased as the time drew closer for her to share her insights into the economy and the actions that the […]

Did it bump into Northrup’s fridge? Aerojet Rocketdyne, a GenCorp (NYSE:GY) company, has received the Outstanding Achievement Award from the Electric Propulsion Technical Committee at the American Institute of Aeronautics & Astronautics for its contribution to the Advanced Extremely High Frequency-1 (AEHF-1) Rescue Team. The team, which included two other aerospace companies and the...

A cool thing about space Cryogenic refrigerators from Northrop Grumman Corporation (NYSE:NOC) that chill satellite sensors to hundreds of degrees below zero Fahrenheit (°F) for maximum sensitivity are to be deployed by NASA. The space agency launched Orbiting Carbon Observatory-2 into space on July 2. Its mission is to make the clearest and most complete […]

At 3:07 pm London time today, Carillion (LSE:CLLN) renewed its wooing of Balfour Beatty (LSE:BBY).  At 3:25 pm, Balfour Beatty’s board responded that it “notes” the Carillion proposal, will consider it, and will make a public response “in due course.” Both Carillion’s share price and Balfour Beatty’s share price responded to the dual announcements...