Stock News

Reliance announces acquisition of Mid-West Materials

Reliance Inc (NYSE: RS) said earlier this week it had acquired all the outstanding equity interests of Mid-West Materials Inc, a premier flat-rolled steel products provider. The company did not disclose any financial details of the agreement. The current management team will be retained, Reliance said. ”The addition of MidWest Materials increases our flat-rolled presence […] Read more

Leidos awarded $631 million Army contract

Leidos (NYSE: LDOS) has been awarded a $631.174 million hybrid (cost-no-fee, cost-plus-fixed-fee, cost-plus-incentive-fee, firm-fixed-price, fixed-price-incentive) contract for development, integration, acquisition, bridging to logistics and operations. Work locations and funding are to be determined with each order, the US Department of Defense said. Completion is expected on March 31st 2034, it added. Stock Performance The shares […] Read more

Arthur J. Gallagher buys Specialty Risk Management Services

Arthur J. Gallagher & Co, a global insurance brokerage, risk management and consulting services firm, said on Monday that it had acquired Fort Myers, Florida-based Specialty Risk Management Services LLC and its affiliate, Private Client Insurance Services LLC. However, the company did not disclose any financial details of the agreement. Specialty Risk Management Services LLC […] Read more

TrustCo Bank announces stock buyback program

TrustCo Bank Corp NY (NASDAQ: TRST) said last week that its Board of Directors had authorized a stock repurchase program. Under the latter, the company may buy back up to 200,000 shares of its common stock, or about 1% of its current outstanding shares. Share repurchases may be conducted in open market or private transactions, […] Read more

NanoVibronix announces tie-up with Veranex

NanoVibronix Inc (NASDAQ: NAOV), a medical device company, said this week it had entered into an agreement with Veranex Inc, under which the latter will provide certain research and development services related to NanoVibronix’s next generation UroShield and PainShield products. ”Teaming up with Veranex provides us with access to additional industry expertise and manufacturing know-how […] Read more

GoPro Inc to slash global workforce by 4%

GoPro Inc (NASDAQ: GPRO) said this week it planned to cut its global workforce by about 4% in order to ”reduce operating costs and drive stronger operating leverage.” The restructuring of the business is expected to lead to aggregate costs of nearly $7.5 million, the company said. ”Cash expenditures will be approximately $2.0 million of […] Read more

Syntec Optics announces order for opto-mechanical sub-systems

Syntec Optics (NASDAQ: OPTX), a supplier of scientific and technical instruments and defense and aerospace optics, said this week it had secured $2.8 million order for high-precision opto-mechanical components and sub-systems used in the production of the latest night vision goggles utilized by the US military. Deliveries are slated for this year. ”I am excited […] Read more

John Wiley & Sons announces $0.35 quarterly dividend

John Wiley & Sons (NYSE: WLY), a global leader in research, publishing and knowledge solutions, said this week its Board of Directors had authorized a quarterly cash dividend of $0.35 per share on its Class A and Class B common stock. The dividend will be paid on April 25th to shareholders of record as of […] Read more