On Friday, Shares of KBR, Inc. (NYSE:KBR), lost -0.90% to $19.81.
KBR, declared it has agreed to sell its Building Group partner to Pernix Building Group, LLC, a partner of Pernix Group, Inc.
The sale of the Building Group is consistent with the company’s restructuring plans which were declared at KBR’s Investor Day in New York last December.
“We are happy to continue the business transformation we set out to accomplish last December and selling the Building Group is an important part of that strategy,” said Stuart Bradie, KBR President and CEO. “This represents another step in our efforts to make KBR more streamlined, customer-focused, and cost effective, so we can deliver on the promises we make to our customers and shareholders.”
KBR, Inc. operates as an engineering, construction, and services company worldwide. The company operates through three segments: Technology & Consulting, Engineering & Construction, and Government Services.
Shares of Voya Financial Inc (NYSE:VOYA), inclined 0.61% to $47.81, during its last trading session.
Voya Financial, Inc. (VOYA), declared that it will sponsor ESPN’s telecasts of Wimbledon and the US Open. For Wimbledon specifically, the company will serve as the presenting sponsor. Additionally, ESPN tennis commentator Brad Gilbert will appear in an episodic series of online videos titled “Gilbert’s Glossary” throughout both tournaments.
“As a newly branded company, we want to make sure consumers know our name and understand how we can assist them get organized so they can plan, invest and protect their savings for tomorrow. Our sponsorship of these two premier telecasts assists us do that,” said Voya Chief Marketing Officer Ann Glover. “Tennis is a passion point for many customers who fit our target audience and we want to communicate to them that Voya is committed to assisting Americans get ready to retire better.”
Voya Financial, Inc. operates as a retirement, investment, and insurance company in the United States. The company has five segments: Retirement, Annuities, Investment Administration, Individual Life, and Employee Benefits.
At the end of Friday’s trade, Shares of Ciena Corporation (NYSE:CIEN), lost -2.79% to $24.37.
Ciena Corporation, declared that early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 has been granted, effective June 15, 2015, for Ciena’s planned acquisition of Cyan.
Expiration of the waiting period under the HSR Act satisfies one of the conditions necessary for the consummation of the merger. The transaction remains subject to other closing conditions, counting certain approvals of Cyan stockholders at its annual meeting presently predictable to be held on Friday, July 31, 2015. The parties continue to expect that this transaction will close during the third quarter of calendar year 2015.
Ciena Corporation provides equipment, software, and services that support the transport, switching, aggregation, service delivery, and administration of voice, video, and data traffic on communications networks worldwide.
Finally, The Macerich Company (NYSE:MAC), ended its last trade with 1.49% gain, and close at $77.17.
Macerich (MAC), plans 2Q 2015 earnings release. Earnings Results will be released before the market opens on Thursday, July 23, 2015. Administration will hold a conference call at 3:30 pm Central Time (4:30 pm Eastern Time) on Thursday, July 23, 2015 to talk about quarterly results.
Arthur Coppola, Chairman and CEO, and Thomas O’Hern, Senior Executive Vice President and Chief Financial Officer, will host the call.
The Macerich Company is an independent real estate investment trust. The firm invests in the real estate markets of the United States. It primarily engages in acquisition, ownership, development, redevelopment, administration and leasing of regional and community shopping centers located throughout the United States.
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