Reliance Steel & Aluminum Shares Up 2%

Reliance Steel & Aluminum Shares Up 2%

Reliance Steel & Aluminum shares were up Friday after its issuer default rating was affirmed at ‘BBB’ by Fitch Ratings, which cited the company’s flexible, scalable operating model, its stable and leading operating margins, strong working capital management and cost control. The outlook on the assessment is stable. The ratings affect roughly $1.4 billion in debt and $1.5 billion in other commitments, Fitch said. Despite exposure to construction and manufacturing […]

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Mentor Graphics Says Toyotal Approves VSTAR AUTOSAR Software for Use In Its Vehicles

Mentor Graphics Says Toyotal Approves VSTAR AUTOSAR Software for Use In Its Vehicles

Mentor Graphics said Toyota Motor has approved its Volcano VSTAR AUTOSAR basic software stack for use in all Toyota Motor vehicles. Volcano VSTAR software stack provides scalable AUTOSAR 4 middleware which abstracts the application from the hardware-dependent layer for the rapid development of highly differentiated end-products. “Toyota’s approval of our advanced Volcano VSTAR AUTOSAR software reinforces Mentor’s broad acceptance and expanding adoption among the world’s most prestigious and demanding automotive […]

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Energy Stocks Fall Despite Crude Oil Settling Above $47 Per Barrel

Energy Stocks Fall Despite Crude Oil Settling Above $47 Per Barrel

Energy stocks extended their day-long declines on Monday, with the NYSE Energy Sector Index falling nearly 1.1% while shares of energy companies in the S&P 500 were down almost 0.9% as a group. Crude oil for January delivery settled 96 cents higher at $47.02 per barrel while January natural gas futures rose 12 cents to $3.32 per 1 million BTU. In company news, Royal Dutch Shell (RDS.A,RDS.B) declined today following […]

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Rogers Acquires DeWAL Industries

Rogers Acquires DeWAL Industries

Rogers (ROG), an engineered material services company, said Wednesday it has acquired DeWAL Industries, a manufacturer of polymer films and pressure sensitive tapes. Terms of the deal were not disclosed. “DeWAL is a strong strategic fit within our EMS high-performance polyurethane and silicone materials business, expanding our portfolio to include PTFE and other materials for technologically advanced applications,” said Bruce Hoechner, chief executive officer of Rogers Corporation, said. Trailing 12-month […]

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European ADRs Edge Higher as Oil Stocks Gain Traction

European ADRs Edge Higher as Oil Stocks Gain Traction

American depository receipts of European stocks were 0.74% higher at 114.90 on the Bank of New York Mellon Europe ADR Index on Monday morning. Gainers in Continental Europe were led by energy companies Statoil (STO), Total (TOT) and Eni (E), 3.8%, 2.4% and 1.9% higher, respectively. Forward Pharma (FWP), a Danish biopharmaceutical company, was up by 1.8%. In the UK, gold mining company Randgold Resources (GOLD) was 3.1% higher, followed […]

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European ADRs Edge Lower as Metal Miners Head South

European ADRs Edge Lower as Metal Miners Head South

American depository receipts of European stocks were 0.32% lower at 115.00 on the Bank of New York Mellon Europe ADR Index on Tuesday morning. Decliners in Continental Europe were led by Nabriva Therapeutics (NBRV), an Austria-based clinical-stage biopharmaceutical company, 10.6% lower, followed by Nokia (NOK), a technology investor, down by 5.1%. Telefonica (TEF), a Spanish telecommunications group, and voxeljet (VJET), a German three-dimensional printer manufacturer, were 3.9% and 3.6% lower, […]

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