business news Archives

A Look into Sheet Metal Fabrication and the Industries that Benefit from it

26Sep

By STLNEWSNo Comments

Business

A Look into Sheet Metal Fabrication and the Industries that Benefit from it

(STL.News) The umbrella-term sheet metal fabrication refers to a group of processes that use sheet metal to build structures and machines. Each process is complicated, so it requires various professionals to ensure all items are manufactured correctly. Let’s take a closer look at sheet metal fabrication and the industries that benefit from the processes most. Industries that Use Sheet Metal Fabrication the Most The process of sheet metal fabrication can be used to make everything from specific components to car bodies. It is also usually faster, easier, and less expensive to make a product than other manufacturing methods like casting and additive manufacturing. So, it is easy to see why the sheet metal process is used in a wide variety of different industries. Ones that use the manuf...

Ameren Corporation Second Quarter 2020 Earnings Webcast Aug. 7, 2020

16Jul

By STLNEWSNo Comments

Business

Ameren Corporation Second Quarter 2020 Earnings Webcast Aug. 7, 2020

ST. LOUIS, MO (STL.News) Warner L. Baxter, chairman, president and CEO of Ameren Corp. (NYSE:AEE), will join Michael L. Moehn, executive vice president and CFO of Ameren Corp., to discuss second quarter 2020 earnings, earnings guidance and other matters in a conference call with financial analysts at 9 a.m. Central Time (10 a.m. Eastern Time) on Friday, Aug. 7. The call will be broadcast live over the Internet on AmerenInvestors.com. Supporting materials for the call will be posted in the "Investor News and Events" section of this website under "Events and Presentations" after the market closes on Thursday, Aug. 6. A replay of the webcast will be available for one year beginning approximately one hour after the close of the call. St. Louis-based Ameren Corporation powers the quality of...

Boeing and U.S. Air Force Ink Historic Deal for F-15EX Fighter Jet

14Jul

By STLNEWSNo Comments

Business

Boeing and U.S. Air Force Ink Historic Deal for F-15EX Fighter Jet

$1.2 billion funds first lot of advanced fighters Indefinite Delivery Indefinite Quantity contract authorizes $23 billion for F-15EX program ST. LOUIS, MO (STL.News) The U.S. Air Force awarded Boeing a nearly $1.2 billion contract to build the first lot of eight F-15EX advanced fighter jets to help the service meet its capacity requirements and add capability to its fighter fleet. The award also covers support and one-time, upfront engineering costs. Already under construction at the Boeing F-15 production facility in St. Louis, the first two jets deliver next year. Read More: U.S. Air Force News Release. The U.S. Air Force is also announcing the overall Indefinite Delivery Indefinite Quantity contract with a ceiling value of nearly $23 billion for F-15EX. “The F-15EX is the most adva...

Freeport-McMoRan Announces Upsizing And Pricing Of $1.5 Billion Of Senior Notes

14Jul

By STLNEWSNo Comments

Business

Freeport-McMoRan Announces Upsizing And Pricing Of $1.5 Billion Of Senior Notes

PHOENIX, AZ (STL.News) Freeport-McMoRan Inc. (NYSE: FCX) announced today that it has priced an up-sized offering of $1.5 billion of senior notes (collectively, the Notes). The offering size was increased to $1.5 billion from the previously announced $800 million aggregate principal amount. Following is a summary of the two tranches of debt: NOTE: this is NOT the complete release. CLICK to VIEW COMPLETE RELEASE

Northrop Grumman’s Firebird Completes Successful Multi-Day Capability Demonstration Flights

14Jul

By STLNEWSNo Comments

Business

Northrop Grumman’s Firebird Completes Successful Multi-Day Capability Demonstration Flights

SAN DIEGO, CA (STL.News) Northrop Grumman Corporation (NYSE: NOC) recently completed a series of mission focused engagements, including integration and testing of Overwatch Imaging’s TK-9 Earthwatch sensor. The sensor was integrated in one day as part of ongoing capability flights validating the wide range of missions the Firebird system can perform for government and commercial customers. “During this exercise we rapidly integrated sensors and utilized Firebird’s operational flexibility to demonstrate the system’s unique capability,” said Jane Bishop, vice president and general manager, autonomous systems, Northrop Grumman. “We leveraged Firebird’s communications suite and data processing power to patch in customers to our virtual feed so they were able to view flight activities in real...

T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For June 2020

13Jul

By STLNEWSNo Comments

Business

T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For June 2020

BALTIMORE, MD (STL.News) T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.22 trillion as of June 30, 2020. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $1.1 billion in June 2020, and $4.4 billion for the quarter-ended June 30, 2020. This brings total client transfers for the year-to-date period ended June 30, 2020, to $8.8 billion. These client transfers include $1.0 billion, $1.7 billion, and $5.8 billion, respectively, transferred to the target-date retirement trusts during the June, quarter-to-date, and year-to-date periods. In the assets under management presentation immediately below, the firm has separately broken out the assets under management for the firm's mul...

601st Consecutive Common Stock Monthly Dividend Declared By Realty Income

13Jul

By STLNEWSNo Comments

Business

601st Consecutive Common Stock Monthly Dividend Declared By Realty Income

SAN DIEGO, CA (STL.News) Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company®, today announced that its Board of Directors has declared the 601st consecutive common stock monthly dividend. The dividend amount of $0.2335 per share, representing an annualized amount of $2.802 per share, is payable on August 14, 2020 to shareholders of record as of August 3, 2020. The ex-dividend date for August's dividend is July 31, 2020.

11Jul

By STLNEWSNo Comments

Business

Aon Declares Quarterly Dividend

DUBLIN (STL.News) Aon plc (NYSE:AON), the leading global professional services firm providing a broad range of risk, retirement and health solutions, announced today that the Board of Directors has declared a quarterly cash dividend of $0.44 per share on outstanding Class A Ordinary Shares. The dividend is payable August 14, 2020 to shareholders of record on August 3, 2020. About Aon Aon plc (NYSE:AON) Aon is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Their 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance.

Carnival Cruise Line Sets Ship Delivery Changes And Related Deployment Plans

7Jul

By STLNEWSNo Comments

Business

Carnival Cruise Line Sets Ship Delivery Changes And Related Deployment Plans

MIAMI, FL (STL.News) Carnival Cruise Line will be notifying guests and travel agents on Tuesday of revisions to the delivery of its newest ship, Mardi Gras, as well as the transformed Carnival Radiance – both resulting from the COVID-19 pandemic – and new itineraries for Carnival Breeze and Carnival Magic that are all part of an updated deployment plan from November 2020 to May 2021. The key points of the changes: Mardi Gras, the first LNG-powered ship to operate in the Western Hemisphere and featuring the first roller coaster at sea, will now enter into service from Port Canaveral, Fla. on Feb. 6, 2021. Itineraries out of Port Canaveral for departures from Nov. 14, 2020 to Jan. 30, 2021 have been cancelled. Carnival Radiance’s $200 million dry dock at the Cadiz, Spain shipyard was s...

Abbott receives FDA approval for new heart rhythm devices

6Jul

By STLNEWSNo Comments

Business

Abbott receives FDA approval for new heart rhythm devices

Abbott receives FDA approval for new heart rhythm devices featuring Bluetooth connectivity and continuous remote monitoring Next-generation Gallant™ implantable cardioverter defibrillator family of devices offers Bluetooth® capability for a more meaningful connection between patients and their doctors Gallant ICD and CRT-D devices feature a patient-preferred design without compromising on battery longevity and compatibility with magnetic resonance imaging (MRI) ABBOTT PARK, IL (STL.News) Abbott (NYSE: ABT) today announced that the U.S. Food and Drug Administration (FDA) has approved the company's next-generation Gallant™ implantable cardioverter defibrillator (ICD) and cardiac resynchronization therapy defibrillator (CRT-D) devices. The devices bring new benefits to patients with heart rh...

Domino’s Pizza® Announces Q2 2020 Earnings Webcast

6Jul

By STLNEWSNo Comments

Business

Domino’s Pizza® Announces Q2 2020 Earnings Webcast

ANN ARBOR, MI (STL.News) Domino's Pizza (NYSE: DPZ) announces the following event: What: Domino's Q2 2020 Earnings Webcast When: Thursday, July 16 at 10 a.m. EST Where: biz.dominos.com How: Live webcast (web address above) Contact: Chris Brandon, director of investor relations (734) 323-7932 This event will be archived on the Domino's website for replay. About Domino's Pizza® Founded in 1960, Domino's Pizza is the largest pizza company in the world based on retail sales, with a significant business in both delivery and carryout pizza. It ranks among the world's top public restaurant brands with a global enterprise of more than 17,000 stores in over 90 markets. Domino's had global retail sales of over $14.3 billion in 2019, with over $7.0 billion in the U.S. and nearly $7.3 b...

Ameren begins upgrading 1.2 million electric meters throughout Missouri

4Jul

By STLNEWSNo Comments

Missouri

Ameren begins upgrading 1.2 million electric meters throughout Missouri

First installation today at a Habitat for Humanity home in St. Charles, part of larger plan to build a smarter, stronger, cleaner energy grid for families and businesses ST. LOUIS, MO (STL.News) St. Charles residents will begin seeing utility crews in their neighborhoods as Ameren Missouri starts to upgrade electric smart meters. This is the first step in a multi-year project to upgrade 1.2 million electric meters and 130,000 gas modules throughout Ameren Missouri’s service territory. “With a new smart meter, customers will get more precise energy use information to help them better understand how and when they use energy, which can help them use it more efficiently,” said Jeff Esserman, director of the smart meter program at Ameren Missouri. “They will be able to choose from a range of...

Zions Bancorporation Announces 2020 Earnings Release Date Information for Q2, Q3, Q4

4Jul

By STLNEWSNo Comments

Business

Zions Bancorporation Announces 2020 Earnings Release Date Information for Q2, Q3, Q4

SALT LAKE CITY, UT (STL.News) Zions Bancorporation (NASDAQ: ZION) announced its expected earnings release dates for the second, third and fourth quarters of 2020. Zions plans to report its earnings results after the NASDAQ market close on: For the period - Earnings Release Conference Call Date and Time Second Quarter 2020 - July 20, 2020, at 5:30 p.m. Eastern Time (3:30 p.m. Mountain Time) Third Quarter 2020 - October 19, 2020, at 5:30 p.m. Eastern Time (3:30 p.m. Mountain Time) Fourth Quarter 2020 - January 19, 2021, at 5:30 p.m. Eastern Time (3:30 p.m. Mountain Time) Forward looking and other material information may be discussed on these conference calls. Investors, analysts, media representatives, and the public are invited to listen to the conference call. Information on how ...

General Mills Quarterly Dividend Declared

1Jul

By STLNEWSNo Comments

Business

General Mills Quarterly Dividend Declared

MINNEAPOLIS, MN (STL.News) The General Mills Board of Directors has declared a quarterly dividend at the prevailing rate of $0.49 per share, payable August 3, 2020, to shareholders of record as of July 10, 2020. General Mills (NYSE: GIS) and its predecessor company have paid dividends without interruption for 121 years.

1Jul

By STLNEWSNo Comments

Business

GE Completes Sale of GE Lighting

Creates smart home and lighting industry leader in the professional installation and retailer channels Furthers Savant’s mission to become the premier intelligent lighting company New name will be GE Lighting, a Savant company Includes long-term license of GE brand BOSTON, MA (STL.News) GE (NYSE:GE) announced today that it has completed the sale of its Lighting business to Savant Systems, Inc., creating GE Lighting, a Savant company. Financial details were not disclosed. Bill Lacey, president and CEO of GE Lighting, a Savant company, said, “For more than a century we’ve been bringing the future to light as part of GE and today we couldn’t be more excited to continue our journey as part of Savant. Savant is committed to continued investment and innovation in the lamp and fixture space and...

Zions Bancorporation Elects Claire A. Huang to Its Board of Directors, Announces Retirement of Jerry C. Atkin

25Jun

By STLNEWSNo Comments

Business

Zions Bancorporation Elects Claire A. Huang to Its Board of Directors, Announces Retirement of Jerry C. Atkin

SALT LAKE CITY, UT (STL.News) Zions Bancorporation (Nasdaq: ZION) today announced that Claire A. Huang has been elected to its board of directors, effective July 1, 2020. The Company also announced the retirement of Jerry C. Atkin, effective on the same date. Ms. Huang has worked as a global brand builder for over 30 years in multiple industries. She served as the chief marketing officer for J.P. Morgan Chase and Company from 2012 through 2014, following her work as head of global marketing, international communications and corporate social responsibility at Bank of America Merrill Lynch. Prior to her work at Bank of America, she was head of Fidelity Investments’ marketing and customer strategy groups. Her first role in financial services was at American Express. Earlier in her caree...

DISH Network Corporation Announces Debt Offering

24Jun

By STLNEWSNo Comments

Business

DISH Network Corporation Announces Debt Offering

ENGLEWOOD, CO (STL.News) DISH Network Corporation ("DISH Network") (NASDAQ: DISH) today announced that its subsidiary, DISH DBS Corporation ("DISH DBS"), plans to offer, subject to market and other conditions, approximately $1,000,000,000 aggregate principal amount of its senior notes. The net proceeds of the offering are intended to be used for general corporate purposes. The notes will only be offered and sold to persons reasonably believed to be qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and in offshore transactions in accordance with Regulation S under the Securities Act. The notes being offered have not been registered under the Securities Act or the securities laws of any other jurisdiction. The...

SEC Awards 5 Stars to Waad Al Shamal Power Plant Project for Environment, Health & Safety Standards

23Jun

By STLNEWSNo Comments

Business

SEC Awards 5 Stars to Waad Al Shamal Power Plant Project for Environment, Health & Safety Standards

Waad Al Shamal becomes one of the Saudi power plants under construction awarded a 5-star rating for EHS performance by SEC Riyadh, Saudi Arabia (STL.News) Saudi Electricity Company (SEC) has awarded 5 stars to Waad Al Shamal integrated solar and combined cycle power plant project for Environment, Health and Safety (EHS) standards. The project has become one of the power plants under construction in the Kingdom of Saudi Arabia to obtain a 5-star rating for EHS performance from SEC. GE is providing turnkey services, including engineering, procurement and construction (EPC) works, and supplying four GE 7F gas turbines, one steam turbine and four heat recovery steam generators (HRSGs), as well as other equipment for the project. One of the turbines at the site is the first GE gas turbine ro...