During Wednesday’s current trade, Northrop Grumman Corporation (NYSE:NOC)’s shares decline -0.03% to $164.32.
Northrop Grumman Corporation (NOC) has declared the launch of a new dual-use tactical grade inertial measurement unit (IMU) that is specially designed for the commercial market.
The commercial-off-the-shelf LN-200C is a compact and lightweight six-degrees-of-freedom IMU that can be used for a variety of applications, counting instrument stabilization, motion compensation and navigation in commercial, aerospace and industrial applications. Based on fiber-optic gyro (FOG) technology, the LN-200C IMU’s hermetic seal and lack of moving parts assist to ensure low noise and extended operational life.
Export of the commercial-off-the-shelf LN-200C will be administered through the Department of Commerce under its Export Administration Regulations per a commodity jurisdiction ruling from the U.S. Department of State.
Northrop Grumman Corporation, a security company, provides systems, products, and solutions in aerospace, electronics, information systems, and technical service areas to government and commercial customers worldwide. The company’s Aerospace Systems segment designs, develops, integrates, and produces manned aircraft, unmanned systems, spacecraft, high-energy laser systems, microelectronics, and other systems and subsystems.
Media General Inc (NYSE:MEG)‘s shares drop -0.98% to $17.26, during the current trading session Wednesday’s, hitting its highest level.
Media General Inc (MEG) declared that Steve Watt has been designated Vice President and General Manager of WKRN-TV, its ABC associate in Nashville, Tennessee.
Mr. Watt was promoted to this position after serving as the station’s General Sales Manager since 2008. During his tenure, he successfully built WKRN-TV’s brand recognition with advertisers, developed innovative sales strategies, and led the sales organization through a period of unprecedented growth. He will succeed Stan Knott who was elevated to Vice President of Broadcast Markets for Media General.
Commenting on the declarement, Deborah A. McDermott, Chief Operating Officer for Media General, said: “Steve is a highly planned and skilled broadcast executive who has been involved in every aspect of WKRN’s operation. He brings a forward-thinking approach to news, sales and promotions across all screens. He also has a genuine, heartfelt commitment to meeting the needs of our viewers and advertisers. He is the ideal candidate and very deserving of this promotion.
Media General, Inc. owns and operates television stations in the United States. It operates 71 network-associated stations, and their associated digital media and mobile platforms, counting 22 CBS stations, 14 NBC stations, 12 ABC stations, 8 FOX stations, 7 MyNetworkTV stations, 7 CW stations, and 1 Telemundo station in 48 markets.
In a mid-morning trade, Noranda Aluminum Holding Corporation (NYSE:NOR)‘s shares surge 3.82% to $0.984.
Noranda Aluminum Holding Corporation (NOR) declared that it has engaged Morgan Stanley & Co. LLC (“Morgan Stanley”) to serve as financial advisor for the Company as it evaluates a variety of strategic alternatives. The Company also announced that its Board of Directors has decided to suspend the Company`s quarterly dividend and will seek stockholder approval of a reverse stock split at a ratio to be determined.
Noranda Aluminum Holding Corporation produces and sells primary aluminum and rolled aluminum coils in the United States. The company’s Bauxite segment mines, produces, and sells bauxite used for alumina production. Its Alumina segment refines and converts bauxite into alumina, which is used in the production of primary aluminum; and sells smelter grade alumina and alumina hydrate, or chemical-grade alumina. The company’s Primary Aluminum segment produces and sells aluminum products in various forms, such as billets, rods, sow and foundry, and commodity grade sow. Its Flat-Rolled Products segment primarily produces rolled aluminum products, counting finstock for use in commercial, residential, and automotive applications; semi-rigid containers for pre-packaged foods; flexible packaging products for food, drink, agricultural, and industrial products; and transformer windings for use on power grids.
Valeant Pharmaceuticals Intl Inc (NYSE:VRX), during its Wednesday’s current trading session -0.45% loss and closed at $232.15.
Valeant Pharmaceuticals International, Inc. (VRX) declared that it will host a conference call and a live Internet webcast together with a slide presentation on Thursday, July 23, 2015 at 8:00 a.m. ET (5:00 a.m. PT) to talk about results for the 2015 second quarter.
Valeant Pharmaceuticals International, Inc. develops, manufactures, and markets pharmaceuticals, over-the-counter products, and medical devices worldwide. The company offers Solodyn to treat red and pus-filled pimples of acne in patients, in addition to Ziana, Acanya, Atralin, Retin- A Micro, and ONEXTON gel; Wellbutrin XL for major depressive disorder in adults; Jublia for onychomycosis of the toenails; Xenazine for chorea; Targretin for Cutaneous T-Cell Lymphoma; Arestin, a subgingival sustained-release antibiotic; and PROVENGE for the treatment of prostate cancer.
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