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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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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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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Cigna Acquires Zurich Insurance Middle East

Cigna Acquires Zurich Insurance Middle East

Cigna, a global health services company, said on Tuesday that it has acquired general insurer, Zurich Insurance Middle East, for an undisclosed amount. The acquisition was successfully completed in June. With this acquisition, Cigna will operate in the United Arab Emirates, Lebanon, Kuwait and Oman, further complementing its capabilities across the region. In line with regulatory compliance, the newly acquired entity will be called ‘Zurich Insurance Middle East, a Cigna-owned […]

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Under Armour Names Patrik Frisk as Chief Operating Officer

Under Armour Names Patrik Frisk as Chief Operating Officer

Under Armour (UA) has named Patrik Frisk as Chief Operating Officer, effective July 10. Frisk has nearly 30 years’ experience in the apparel, footwear and retail industry. Most recently, he was CEO of The Aldo Group, a global footwear and accessories company, the company said in a press release Tuesday. In conjunction with Frisk’s appointment, the company also announced other strategic executive changes “to align its organizational structure to better […]

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Yum! Brands Announces Proposed Notes Offering

Yum! Brands Announces Proposed Notes Offering

Yum! Brands subsidiaries KFC Holding, Pizza Hut Holdings, and Taco Bell of America have started an offering of $500 million aggregate principal amount of senior notes due 2027. The notes will be unsecured and will be guaranteed on a senior unsecured basis by the company and its domestic subsidiaries that guarantee the Issuers’ outstanding $2.1 billion senior unsecured notes and the Issuers’ senior secured credit facility. The company said net […]

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European Equity Benchmarks Close Higher

European Equity Benchmarks Close Higher

The broad-based major European indices closed higher in Friday’s trading session, as health care related stocks, mining companies, and automotive equities boosted the markets. In economic news, In April 2017, compared with March 2017, industrial producer prices remained stable in both the euro area (EA19) and the EU28, according to Eurostat, the statistical office of the European Union. In March, prices fell 0.3% in the euro area, and 0.2% in […]

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