$TESO (Tesco Corporation)

$TESO {{ '2015-11-20T12:53:26+0000' | timeago}} • Announcement

Specialist in the development and commercialization of drilling technologies and services $TESO announced that Mihial "Dean" Ferris, who served as General Counsel, SVP and Corporate Secretary for six years, departed from the company on good terms on Nov. 16 due to cost reduction exercises among senior management.

$NEM {{ '2017-07-19T20:55:03+0000' | timeago}} • Announcement

$NEM elected Sheri Hickok and Molly Zhang to its BoD. Hickok is currently General Manager, Global Product Development, Onshore Wind at $GE's Renewable Energy. Zhang currently serves as a director of Cooper Standard Automotive and XG Science as a supervisory board member at GEA Group in Germany.

$MSFT {{ '2017-07-18T12:18:43+0000' | timeago}} • Announcement

Kate Johnson to join $MSFT as President and Corporate VP of Microsoft US on Sept 8, 2017. Johnson currently serves as Chief Commercial Officer of GE Digital, a unit of $GE.

$EMR {{ '2017-07-17T16:47:55+0000' | timeago}} • Announcement

$EMR received 15-year, $20MM contract to modernize controls at San Francisco's largest wastewater plant. The San Francisco Public Utilities Commission has selected $EMR as the design-build contractor for a comprehensive automation project to modernize its Southeast Treatment Plant.

$EMR {{ '2017-07-13T16:30:25+0000' | timeago}} • Announcement

$EMR plans for a major renovation and expansion of the labs and offices at its existing 1MM-square-foot facility in Sidney, Ohio. The project is expected to require $100MM in investments over the next four years. Construction is slated to be completed by 2021.

$AA {{ '2017-07-12T11:32:16+0000' | timeago}} • Announcement

$AA plans to restart three of five potlines at its Warrick Operations aluminum smelter near Evansville, Ind. Restart expenses are expected to be incurred in 3Q17 and 4Q17 to be $30-35MM, or $0.16-0.19 per share. In 3Q17, $AA will record after-tax benefit of about $25MM, or $0.13 per share, for reversal of liabilities related to original closure.

$AA {{ '2017-07-12T11:29:19+0000' | timeago}} • Announcement

$AA plans to restart three of five potlines at its Warrick Operations aluminum smelter near Evansville, Ind., an action that will further improve the competitiveness of the on-site rolling mill. The process to restart the three lines, with 161,400 metric tons of annual capacity, will begin immediately and is expected to be complete in 2Q18.

$ESV {{ '2017-07-11T13:43:07+0000' | timeago}} • Announcement

$ESV received three drillship contracts offshore West Africa, representing 3 years of contracted term and more than 6 additional years of options. Contract drilling expense for 2Q17 is expected to be about $282MM after adjusting for $10MM settlement of legal contingency, slightly higher than prior forecast of $270-280MM.

$GE {{ '2017-07-11T10:55:50+0000' | timeago}} • Announcement

$GE said its subsidiary GE Healthcare is expanding its U.S. healthcare consulting business with the acquisition of Novia Strategies, a healthcare consulting firm, for undisclosed terms. Novia Strategies will become part of GE Healthcare Camden Group. Novia Solutions was not included as a part of this transaction.

$EMR {{ '2017-07-10T11:08:05+0000' | timeago}} • Announcement

$EMR appointed Craig Rossman as president of its White-Rodgers business. Rossman succeeds Jack Huether, who has been leading White-Rodgers while also serving as group president of $EMR's sensors and controls businesses. In this leadership role Rossman will report to Huether. These changes were effective July 1.

$ATI {{ '2017-07-05T15:28:15+0000' | timeago}} • Announcement

Specialty materials manufacturer $ATI has entered into joint venture with $GE company GE Aviation for developing technology to produce a meltless titanium alloy powder. As per the deal, the companies will set up a new R&D pilot production facility. The alloy will be used in additive manufacturing applications, including 3D printing.

$TKR {{ '2017-07-05T12:40:40+0000' | timeago}} • Announcement

Engineering firm $TKR said its subsidiary Timken India has entered into an agreement to acquire Mumbai-based ABC Bearings Ltd. After the merger of ABC into Timken India, shareholders of the former will receive Timken India’s shares as consideration. The transaction is expected to complete in six months.

$HAL {{ '2017-07-05T12:06:21+0000' | timeago}} • Announcement

$HAL acquired Summit ESP, a provider of electric submersible pump (ESP) technology and services. No other terms were disclosed.

$GE {{ '2017-07-03T17:17:55+0000' | timeago}} • Announcement

$GE closed the combination of GE's oil and gas business with Baker Hughes, a GE company. Under the deal, Baker Hughes was converted to a partnership and GE contributed its Oil & Gas business into that partnership. Meanwhile, $7.4Bil was contributed by GE to the partnership, which will be used to fund the cash dividend to Baker Hughes shareholders.

$BHI {{ '2017-07-03T16:00:37+0000' | timeago}} • Announcement

Oilfield solutions provider $BHI said it has completed the transaction combining the company with the oil and gas business of $GE. Baker Hughes shares will begin trading on the New York Stock Exchange under the symbol BHGE on July 5, 2017. Meanwhile, the existing symbol, BHI, will be delisted from the stock exchange on July 3, 2017.

$HLX {{ '2017-06-30T20:27:26+0000' | timeago}} • Announcement

$HLX entered into an amended credit agreement with a syndicated bank lending group for $250MM, consisting of a $150MM revolving credit facility and a $100MM term loan. The proceeds from the term loan as well as cash on hand were used to repay the approx. $180MM outstanding term loan prior to its amendment and restatement.

$BHI {{ '2017-06-30T16:30:18+0000' | timeago}} • Announcement

$BHI's stockowners were voted to approve the previously announced combination of $BHI with $GE's oil and gas business. The combination will create Baker Hughes, a $GE company, which will be traded on the NYSE under "BHGE" ticker. $BHI and $GE expects to close the transaction to combine $BHI and GE Oil & Gas on July 3, 2017.

$ESV {{ '2017-06-30T10:51:13+0000' | timeago}} • Announcement

$ESV and $ATW received notice from the Department of Justice and the Federal Trade Commission granting early termination of the waiting period under the U.S. Hart-Scott-Rodino Antitrust Improvements Act of 1976. This is with respect to the proposed merger pursuant to which $ESV will buy $ATW in a stock transaction.

$GE {{ '2017-06-29T13:52:55+0000' | timeago}} • Announcement

GE Energy Financial Services, the energy unit of $GE, has raised a solar energy fund in Japan to invest in Japanese solar power projects. Development Bank of Japan Inc has committed as the anchor investor for one third of the interests. The fund is targeted at JPY 75Bil (about $666MM) and has the potential to grow to JPY 90Bil.

$TKR {{ '2017-06-27T20:29:35+0000' | timeago}} • Announcement

$TKR agreed to buy Groeneveld Group, a provider of automatic lubrication solutions used in on- and off-highway applications, for about $280MM. The transaction is expected to be accretive to adjusted EPS in 2017. The transaction is expected to close in early July and will be funded with a combination of cash and debt.

$VMI {{ '2017-06-27T11:53:17+0000' | timeago}} • Announcement

$VMI's BoD appointed Stephen Kaniewski as President and CEO, effective Dec. 31, 2017, the first day of $VMI's FY18. Kaniewski will succeed Mogens Bay, $VMI's Chairman and CEO, who will become Executive Chairman on Dec. 31, 2017, for a transitional period. Kaniewski has been $VMI's President and COO since October 2016.

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