Diebold Nixdorf Posts Q2 Beat

Diebold Nixdorf Posts Q2 Beat

Diebold Nixdorf shares were higher 5.4% in pre-market trade after the company reported financial results for Q2, with earnings and revenue that topped analysts’ expectations; it also provided guidance for fiscal 2017 in line with Street estimates. The provider of connected commerce services, software and technology posted non-GAAP earnings of $0.08 per share, compared with the prior-year period’s $0.43 per share. Analysts polled by Capital IQ were expecting EPS of […]

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Radius Health Strikes License Deal

Radius Health Strikes License Deal

Radius Health, a biopharmaceutical company, said Thursday it has entered into a license and development agreement with Teijin Limited for the commercialization in Japan of its abaloparatide injection for the treatment of postmenopausal women with osteoporosis at high risk for fracture. Teijin is developing the drug in Japan under an agreement with Ipsen Pharma and has launched a phase 3 trial. The collaboration agreement provides Teijin with the right to […]

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Blackstone Enters Deal to Acquire International Market Centers

Blackstone Enters Deal to Acquire International Market Centers

The Blackstone Group L.P said Thursday that funds managed by Blackstone Real Estate Partners and Blackstone Tactical Opportunities have entered into a definitive agreement to acquire International Market Centers, Inc. from Bain Capital Private Equity and funds managed by Oaktree Capital Management (OAK). Financial terms weren’t disclosed. International Market Centers is an owner and operator of premier showroom space for the furnishings, home decor and gift industries. The transaction is […]

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Statoil Gets Contract

Statoil Gets Contract

Statoil said Friday it has been awarded a contract to evaluate CO2 storage on the Norwegian continental shelf by Gassnova. The CO2 will be captured from three onshore industrial facilities in eastern Norway and transported by ship from the capture area to a receiving plant onshore located on the west-coast of Norway, the company said. At the receiving plant CO2 will be pumped over from the ship to tanks onshore, […]

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Berkshire Hathaway to Make Investment in Home Capital

Berkshire Hathaway to Make Investment in Home Capital

Berkshire Hathaway agreed to indirectly acquire CAD400 million ($300 million) of Toronto-listed alternative lender Home Capital Group’s common shares in a private placement and provide a new CAD2 billion line of credit to Home Capital’s Home Trust Co, Home Capital said late Wednesday. Berkshire will make an initial investment of CAD153.2 million to acquire 16 million common shares and an additional investment of CAD246.8 million to acquire nearly 24 million […]

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