On Monday, PACCAR Inc (NASDAQ:PCAR)’s shares inclined 4.21% to $54.25.
PACCAR (PCAR) is expanding its range of PACCAR engines in North America with the introduction of the PACCAR MX-11 engine, with an output of up to 430 HP and 1,550 lb.-ft. of torque. The PACCAR MX-11, which complements the award-winning PACCAR MX-13 engine, is planned to be accessible with Kenworth and Peterbilt trucks in January 2016. PACCAR successfully launched the PACCAR MX-11 engine in Europe in 2013, installing over 10,000 PACCAR MX-11 engines in DAF trucks in the last two years. “The PACCAR MX-11 engine is designed to deliver optimum performance and fuel economy, industry-leading durability and reliability, and a quiet operating environment for the driver,” said Landon Sproull, PACCAR assistant vice president. “PACCAR’s over 50 years of engine development and manufacturing expertise have established the company as one of the leading diesel engine manufacturers in the world.”
The 10.8-liter PACCAR MX-11 engine is characterized by its combination of state-of-the-art innovations and proven technologies that reduce weight and deliver features needed for a wide variety of over the road and vocational applications. The PACCAR MX-11 engine’s double overhead camshaft design, coupled with a compact graphite iron (CGI) engine block and cylinder head, create long-lasting durability, achieving an industry-leading B10 life of one million miles. The PACCAR MX-11 utilizes a common rail fuel system with injection pressures of 2,500 bar to optimize combustion and ensure the lowest possible fuel consumption and noise levels.
PACCAR Inc, together with its auxiliaries, designs, manufactures, and distributes light, medium, and heavy-duty trucks and related aftermarket parts worldwide. It operates through three segments: Truck, Parts, and Financial Services.
Deutsche Bank AG (USA) (NYSE:DB)’s shares gained 3.94% to $28.21.
Deutsche Bank declared that Celeste Guth will join as a Managing Director and Co-Head of the Global Financial Institutions Group (FIG) with Tadhg Flood. Guth will be based in New York and report to Paul Stefanick, Global Head of Investment Banking Coverage and Advisory and Co-Head of Corporate Finance Americas.
Guth will join from Goldman Sachs where she was most recently Vice Chairman of FIG and Global Co-Head of Insurance Investment Banking and was formerly Head of Americas FIG from 2003 to 2012. She joined Goldman Sachs in 1986 and has been a partner since 2002.
Guth holds a Bachelors degree in Economics and Computer Science from City University of New York and earned an MBA from Harvard Business School.
Deutsche Bank AG provides investment, financial, and related products and services worldwide. Its Corporate Banking & Securities division engages in selling, trading, and structuring a range of fixed income, equity, equity-linked, foreign exchange, and commodities products.
At the end of Monday’s trade, First Majestic Silver Corp (NYSE:AG)‘s shares surged 0.56% to $3.60.
First Majestic Silver Corp. (AG) and SilverCrest Mines Inc.are happy to declare the completion of the plan of arrangement formerly declared in the joint news release of First Majestic and SilverCrest dated July 27, 2015.
Under the arrangement, which took effect as of 12:01 am (Vancouver time) this morning, First Majestic has attained all of the issued and outstanding common shares of SilverCrest. Shareholders of SilverCrest will receive 0.2769 First Majestic shares and CDN$0.0001 for each share of SilverCrest held. In addition, shareholders of SilverCrest will receive 0.1667 shares in a newly formed company which will hold certain exploration assets presently held by SilverCrest and First Majestic.
First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver projects in Mexico.
Xylem Inc (NYSE:XYL), ended its Monday’s trading session with 0.15% gain, and closed at $33.56.
Xylem Inc. (XYL), a leading global water technology company dedicated to solving the world’s most challenging water issues, will release its third-quarter results at 6:55 a.m. (ET) on Thursday, October 29th. At 9:00 a.m. (ET), Xylem’s senior administration team will host a conference call with investors.
Xylem Inc. engages in the design, manufacture, and application of engineered technologies for the water and wastewater applications. The company operates in two segments, Water Infrastructure and Applied Water.
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