Stock News

SolarEdge announces acquisition of Wevo Energy

SolarEdge Technologies Inc (NASDAQ: SEDG), a leader in smart energy technology, said earlier this week it had finalized the acquisition of the entire share capital of Wevo Energy Ltd. Wevo is a startup firm that specializes in EV charging optimization and management for sites with huge quantities of EV chargers (apartment buildings, workplace carparks etc.). […] Read more

Lockheed to sell UH-60M Black Hawk helicopters to Greece

Lockheed Martin (NYSE: LMT) said on Friday that its Sikorsky unit had secured the sale of 35 UH-60M Black Hawk helicopters to the Government of Greece. ”The latest generation UH-60M Black Hawk will support the Hellenic Ministry of Defense’s ongoing modernization and will serve as a dependable helicopter for vital national and allied security missions,” […] Read more

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