ViaSat Awarded Production Contract

ViaSat Awarded Production Contract

ViaSat, a broadband services and cybersecurity company, Monday reported it was awarded a production contract to provide security software to protect and secure military field mobile devices[ no terms disclosed. ViaSat said it would work with government contractor iGov on the contract with the U.S. government. Viaset said its software is designed to affirm and protect information in mobile devices of the dismounted soldier, and would include protecting such uses […]

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Express Reports Fiscal Q2 Profit

Express Reports Fiscal Q2 Profit

Express reported Thursday fiscal Q2 adjusted earnings of $0.01 per share, down from reported earnings of $0.13 a year ago but better than the $0.01 loss that had been expected by analysts polled by Capital IQ. Revenue in the quarter ended July 29 fell to $478.5 million from $504.8 million but topped the $474.1 million estimate while comparable sales were down by 4%, better than the 5.2% decline expected by […]

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Sohu.com Affiliate Gets License

Sohu.com Affiliate Gets License

Sohu.com affiliate Fox Financial Technology Group Ltd said its subsidiary has received an internet micro-credit license from the Ningbo City Government in China. The license is the first of its kind granted in Ningbo. Unlike a traditional micro-credit license which restricts credit service to a certain province or region of China, an internet micro-credit license allows the holder to provide credit services nationwide via the internet, the company said in […]

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McEwen Mining Acquires Primero Mining’s Black Fox Complex

McEwen Mining Acquires Primero Mining’s Black Fox Complex

McEwen Mining shares were over 2% higher in pre-market trade after the company said it has agreed to purchase Primero Mining Corp.’s (PPP) Black Fox Complex and associated assets and liabilities for $35 million. The Black Fox Complex is located in the gold mining camp of Timmins, Canada. “Buying the Black Fox Complex provides fantastic synergies with our recently acquired Timmins deposits,” said Chairman Rob McEwen.”This acquisition will add immediately […]

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Micronet’s Enertec Gets Contracts

Micronet’s Enertec Gets Contracts

Micronet Enertec Technologies gained in premarket trading on Monday after the aerospace and defense company’s unit, Enertec Systems 2001, received two purchase orders for an aggregate amount of $1.2 million from an unidentified aerospace & defense contractor. Shares rose about 14%. One purchase order, in the amount of $0.8 million, is for the development of a fully ruggedized, weather proofed military computer-based system for naval use. The other purchase order, […]

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Mondelez Posts Mixed Results

Mondelez Posts Mixed Results

Mondelez International, a US snack-foods company, reported earnings for the second quarter that topped analysts estimates, even as revenue dropped 5% amid a global cyber attack incident that hindered shipments in June. Earnings per share rose to $0.48, compared with $0.44 per share a year earlier, the maker of Oreo cookies said on Wednesday. Analysts polled by Capital IQ expected $0.45. Revenue fell 5% to $5.99 billion, while analysts expected […]

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Plymouth Industrial REIT Buys Two Industrial Buildings

Plymouth Industrial REIT Buys Two Industrial Buildings

Plymouth Industrial REIT said Friday that it agreed to acquire two class B industrial properties in Indianapolis, Indiana for a total consideration of $16.9 million. The assets consist of a 562,497-square-foot building and a 44,374-square-foot building which are currently 94% leased. The consideration consists of $8.5 million in cash, and $8.4 million of the company’s operating partnership units. The transaction is expected to close within 30 days, subject to customary […]

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