Wednesday, May 24 2017 - 9:30pm
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Wednesday, May 24 2017 - 5:15pm
Wednesday, May 24 2017 - 4:00pm
Wednesday, May 24 2017 - 3:00pm
$ETN, which competes with $PH and $ITT, said it expects its 2016 organic revenues to decline on the order of 2-4%. For Electrical Products, organic growth is expected to be 0-2% and in Electrical Systems and Services negative 2% to negative 4%. In the Hydraulics segment, $ETN is now forecasting organic growth of negative 9% to negative 11%.
$LNC has launched Lincoln Max 6 Select Advantage, a retirement income solution. This offers a combination of 6% income base growth that stacks on prior account value lock-ins, and access to investment options with up to an 80% allocation to equities. Max 6 Select features an initial income withdrawal rate of 6% at age 65 and 5.50% for joint life.
As $GCO posted 1Q18 results, the footwear designer said it plans to open around 100 new stores focusing on "Journeys Kidz" brand in Canada and the UK in FY18. Going forward into the year, Genesco sees to "prune" its portfolio by closing over 100 stores upon lease expirations.
$ANIK announced the enrollment of the first patient in its supplemental Phase 3 trial evaluating the efficacy and safety of CINGAL, its novel HA-corticosteroid combination viscosupplement for the treatment of symptoms associated with osteoarthritis (OA) of the knee.
DTE Biomass Energy, subsidiary of $DTE, acquired 2 landfill gas-to-energy projects in Texas, purchasing both the operating Fort Bend Power Producers, LLC facility just outside of Rosenberg and the Seabreeze landfill gas development project in Angleton. Construction of the Seabreeze plant is expected to commence next month.