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Microsoft Acquires Bonsai as Drive Into Artificial Intelligence Deepens

June 20, 2018 at 11:39 pm

Microsoft (MSFT) is acquiring Bonsai, a Berkley, California-based artificial intelligence company that was in the portfolio of the information technology giant’s venture capital fund, M12. Terms of the deal weren’t disclosed by the companies on Wednesday. In a blog post, Microsoft’s Gurdeep Pall, corporate vice president of business AI, said Bonsai’s “novel approach” allows subject matter experts — including thoseRead More

Traders work at the stock exchange in Frankfurt am Main, central Germany, on September 18, 2015. The German blue-chip DAX 30 stocks index fell in mid-morning trade on the Frankfurt stock exchange following the US central bank's decision to hold off hiking interest rates. AFP PHOTO / DPA / FRANK RUMPENHORST   +++  GERMANY OUT +++

Rail Traffic Last Week Rose 4.1% Versus Same Timeframe in 2017

June 20, 2018 at 11:38 pm

Rail traffic, a gauge of the overall economy, rose 4.1% in the seven days that ended on June 16 compared with the same week last year, according to the Association of American Railroads. Total US rail traffic during the week totaled 558,098 carloads and intermodal units, the AAR said. Carloads rose 1.9% to 269,748 while intermodal volume jumped 6.3% fromRead More

Kadant Authorizes $20 Mln Share Buyback Program

Kadant Authorizes $20 Mln Share Buyback Program

May 21, 2018 at 1:23 pm

Kadant (KAI), a provider of engineered systems, said after markets closed on Wednesday that it has authorized the repurchase of up to $20 million of its equity securities effective May 16, through May 16, 2019. Repurchases may be made in public or private transactions. The timing and amount of any repurchases will be at the discretion of company management andRead More

Chegg Logo.  (PRNewsFoto/Chegg)

Chegg Acquires AI-Enhanced Writing Platform

May 21, 2018 at 1:21 pm

Chegg (CHGG), a student-first connected learning platform, said late Wednesday that it has acquired WriteLab, Inc., an AI-enhanced writing platform that teaches students grammar, sentence structure, writing style, and offers instant feedback to help students revise, edit, and improve their written work. The company acquired WriteLab for $15 million, in an all cash transaction. An additional payment of $5 millionRead More

Ford Motor Company Sees Q2 EPS Impact of $0.12-$0.14

Ford Motor Company Sees Q2 EPS Impact of $0.12-$0.14

May 21, 2018 at 1:17 pm

Ford Motor Company (F) affirmed its outlook for 2018 earnings of $1.45 to $1.70 per share while saying there will be an impact of $0.12 to $0.14 a share in Q2 due to lost production. The car maker plans to resume F-150 production at its Dearborn Truck Plant on Friday after a fire May 2 at the Meridian Magnesium ProductsRead More

Horizon Bancorp to Effect Three-for-Two Stock Split

Horizon Bancorp to Effect Three-for-Two Stock Split

May 21, 2018 at 1:16 pm

Horizon Bancorp (HBNC) said it will start a 3-for-2 stock split on Horizon’s authorized and outstanding shares of common stock. Shareholders of record as of the close of business on May 31, the record date, will be entitled to receive an additional half share for each share of common stock held. The additional shares issued in the stock split areRead More

Resolute Energy Adds 3 New Board Members

Resolute Energy Adds 3 New Board Members

May 21, 2018 at 1:13 pm

Resolute Energy Corp (REN) late Wednesday said it has reached a settlement with activist investors Monarch Energy Holdings and Monarch Alternative Capital LP, agreeing to expand its board of directors to 11 members, and nominating Joseph Citarrella, Monarch’s managing principal, and two other directors selected by Monarch, as director candidate at Resolute’s upcoming annual shareholders meeting. Monarch selected Wilkie ColyerRead More