On Friday, Shares of Darling Ingredients Inc (NYSE:DAR), lost -1.26% to $12.96.
Darling Ingredients, declared financial results for the second quarter ended July 4, 2015, and that its Board of Directors approved the repurchase of up to an aggregate of $100 million of Darling’s common stock, depending on market conditions.
Fiscal 2015
- $0.7 million ($0.00 per diluted share) associated with the integration of VION Ingredients and Rothsay and the implementation of internal controls over financial reporting per the Sarbanes-Oxley Act of 2002 for VION Ingredients; and
- $5.8 million ($0.04 per diluted share) related to the write-off of deferred loan costs associated with the retirement of the Company’s European portion of its term loan B note on June 3, 2015.
Fiscal 2014
- $3.5 million ($0.02 per diluted share) related to a non-cash inventory step-up associated with the required purchase accounting for the VION Acquisition related to the portion of attained inventory sold during the period; and
- $2.9 million ($0.02 per diluted share) associated with the acquisition and integration of Rothsay and VION Ingredients during the period.
Darling Ingredients Inc. develops, produces, and sells natural ingredients from edible and inedible bio-nutrients worldwide. It operates in three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients.
Shares of DSW Inc. (NYSE:DSW), declined -1.91% to $31.92, during its last trading session.
DSW Inc., declared a new DSW to Prairie Market on US Route 34. The store will open on August 27, 2015.
The brand new store will be stocked with designer and name brand footwear and accessories at an extraordinary value. 21,000 pairs of men’s and women’s shoes will fill the 16,000 square feet space, making DSW the greatest shoe shopping destination in Oswego, Illinois right now. Ladies will be able to shop the latest fall trends counting a large assortment of boots and booties, retro style sneakers, comfort styles, and dressy pumps. Guys will be able to get casual and chukka boots, running shoes, dress shoes, and sneakers from their favorite brands.
Plus, the new store will have handbags and lots of accessories counting ponchos, wraps, and fashion socks for customers to create their ultimate fall wardrobe.
DSW Inc., together with its auxiliaries, operates as a branded footwear and accessories retailer in the United States. The company operates through two segments, DSW and Associated Business Group.
At the end of Friday’s trade, Shares of Scripps Networks Interactive, Inc. (NYSE:SNI), lost -0.42% to $54.00.
Scripps Networks Interactive, one of the world’s leading developers of lifestyle video content, has promoted two of its senior administration team into key roles designed to enhance the company’s ability to produce, market and monetize lifestyle video content.
Burton Jablin, presently President of Scripps Networks, has been designated Chief Operating Officer of Scripps Networks Interactive. In his new role, Jablin will oversee sales, distribution, programming, digital and planned planning for the company. He will also be tasked with ensuring greater coordination and cooperation between Scripps Networks’ domestic and international programming, as the business continues to expand globally. He will continue to report to Scripps Networks Interactive Chairman, President and Chief Executive Officer Kenneth W. Lowe.
Kathleen Finch, presently President of HGTV, DIY Network and Great American Country, has been designated Chief Programming, Content & Brand Officer, and will take overall responsibility for content across all six of Scripps’ domestic networks counting Food Network, Cooking Channel and Travel Channel. She will work out of Scripps Networks’ offices in Knoxville and New York City, and will report to Jablin.
“As Scripps Networks Interactive continues to grow, both in the United States and internationally, it’s important that we take a more coordinated approach to how we operate our business and create content,” said Kenneth W. Lowe. “As one of the original founders of HGTV, and as someone who has played a key role in building our wider business for more than 20 years, Burton is ideally practiced to take on this expanded role.”
Scripps Networks Interactive, Inc. develops lifestyle-oriented content for linear and interactive video platforms in the United States, the United Kingdom and other European markets, the Middle East and Africa, the Asia-Pacific, and Latin America.
Finally, Fluor Corporation (NEW) (NYSE:FLR), ended its last trade with -1.92% loss, and closed at $44.97.
Fluor Corporation declared that it has agreed with Offshore Oil Engineering Co., Ltd. (COOEC), a partner of China National Offshore Oil Corporation, to form a new joint venture, COOEC Fluor Heavy Industries Co., Ltd. (CFHI), through which the two companies will own, operate and manage the Zhuhai Fabrication Yard in China’s Guangdong province.
Located near Hong Kong in the Zhuhai Gaolan Port Economic Development Zone, the Zhuhai Fabrication Yard is a world-class, state-of-the-art facility, which is already establishing a reputation for serving fabrication needs in the Asia-Pacific region. At 2 million square meters, the yard can accommodate fabrication modules weighing more than 50,000 tons. The yard has delivered a number of noteworthystructures to date and has a backlog of projects in the Asia-Pacific market.
“COOEC Fluor Heavy Industries is an important planned alliance, as it positions Fluor to develop a more powerful presence in the global construction and fabrication market, and enhances our abilities to serve and grow our current client base in Asia-Pacific and around the world. Our customers are enthusiastic about this venture’s ability to deliver very large cost-efficient structures,” said Fluor Chairman and CEO David Seaton.
Fluor Corporation, through its auxiliaries, provides engineering, procurement, construction, fabrication and modularization, commissioning and maintenance, and project administration services worldwide. The company operates in five segments: Oil & Gas, Industrial & Infrastructure, Government, Global Services, and Power.
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