Tech & Momentum

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

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

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

Jacobs Engineering Group Posts Fiscal Q2 Results Above Expectations

Jacobs Engineering Group Posts Fiscal Q2 Results Above Expectations

May 11, 2018 at 10:00 pm

Jacobs Engineering Group (JEC) reported pre-market Tuesday fiscal Q2 adjusted EPS of $1.00 compared with $0.78 a year earlier and beating the $0.87 average estimate in a Capital IQ poll. Revenue for the quarter ended March 30 rose to $3.94 billion compared with $2.30 billion a year earlier. The analyst consensus was for revenue of $3.60 billion. The company increasedRead More

Bond Prices Surge on Payrolls Miss

April 6, 2018 at 10:13 am

US Treasury prices extended gains early Friday on the back of disappointing data with the five-year leading higher while the two- and 10-years chased close behind and the long bond lagged. The March payrolls saw a big miss at 103,000 (consensus: 175,000) along with downward revisions while earnings rose 0.3% in line with expectations and the overall unemployment rate remainedRead More

Orbcomm Prices Public Offering of Common Stock at Discount

April 6, 2018 at 10:12 am

Orbcomm (ORBC), a provider of industrial Internet of Things (IoT) solutions, said Friday it has priced its underwritten public offering of 3 million shares at a price of $8.60 per share, or 7% lower than the share closing price Thursday. Orbcomm has also granted the underwriters a 30-day option to buy up to an additional 450,000 shares. The company isRead More