On Thursday, Cincinnati Bell Inc. (NYSE:CBB)’s shares gained 0.78% to $3.88.
Cincinnati Bell Inc. (CBB) a leading technology solutions provider, recently underwent audits to certify that its Infrastructure as a Service and its Dedicated Backup offerings are compliant with SSAE-16/SOC requirements and the Health Insurance Portability and Accountability Act of 1996 (HIPAA).
In May, CBTS underwent an objective evaluation of the design and operating effectiveness of controls that address operations and compliance, in addition to controls that are relevant to its customers’ financial reporting. The independent auditing firm IS Partners LLC of Horsham, Pa., performed the reviews. IS Partners’ professional staff has collectively accomplished over 800 SAS 70, SSAE 16 and SOC audits, internal control readiness assessments, trust service audits, HIP
Cincinnati Bell Inc. provides diversified telecommunications and technology services primarily in Greater Cincinnati and Dayton, Ohio areas. The company operates through three segments: Wireline, IT Services and Hardware, and Wireless. The Wireline segment offers data services, such as high-speed Internet and DSL Internet access, in addition to data transport for businesses comprising local area network services, dedicated network access, metro-ethernet, and dense wavelength division multiplexing; voice local service, counting digital trunking, switched access, information services, and other value-added services, such as caller identification, voicemail, call waiting, and call return.
Prospect Capital Corporation (NASDAQ:PSEC)’s shares gained 0.46% to $7.68.
Prospect Capital Corporation (PSEC) declared that Prospect has offered Capstone Logistics, LLC (“Capstone”), an existing portfolio company of Prospect, with an incremental $37.5 million of floating rate secured term debt to support Capstone’s acquisition of Pinnacle Workforce Logistics LLC (“Pinnacle”). Prospect holds Capstone’s entire senior second lien facility, which totals about $100 million.
Headquartered in Atlanta, Capstone services over 50 customers at more than 240 facilities across 45 states. Capstone is an outsourced supply-chain-solutions provider offering freight handling services, supply-chain consulting, and administration of distribution centers. Capstone’s workforce solutions allow distribution center operators to outsource non-core labor-intensive elements of their supply chains. The Jordan Company, L.P. purchased Capstone in August 2014.
Pinnacle provides fully managed workforce solutions with a North American platform of over 80 client-owned sites across multiple end markets. Services comprise freight handling, order selection, warehouse maintenance, and co-packing and kitting. Capstone and Pinnacle together expect to share complementary end markets and services, offer a strengthened platform to better serve customers, and experience immediate cost synergies.
Prospect Capital Corporation is a financial services company that primarily lends to and invests in middle market privately-held companies. The Company is a closed-end investment company which invests primarily in first and second lien secured loans and unsecured debt, senior and subordinated debt and equity of companies in need of capital for acquisitions, divestitures, growth, development, recapitalizations and other purposes. The Company is a non-diversified company and also focuses on making investments in private companies.
At the end of Thursday’s trade, JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO)‘s shares dipped -0.44% to $9.10.
JA Solar Holdings Co., Ltd. (ADR) (JASO) declared that its PV modules have passed the high-grade Class 4 Hail Test conducted by RETC in May at its facility located at Fremont, California , following the successful pass of the similar test conducted by TÜV Rheinland in early March this year.
The Class 4 hail test uses solid ice balls frozen at -17 degrees Celsius with a diameter of two inches (50.8 millimeters) to strike different locations of the glass surface of a PV module that comprise center, one corner, and one edge along the metal frame, in addition to some random places, at various impact velocities with the maximum reaching 76 meters per second (274 kilometers per hour). The kinetic impact energy of this Class 4 Hail Test carried out by RETC this time on JA’s PV modules is more than eight times higher contrast to the energy registered in the previous hail test conducted by TÜV Rheinland Lab in March when 45-mm hailstones with a striking speed of 30.7 m/sec were used.
JA Solar Holdings Co., Ltd., together with its auxiliaries, designs, develops, manufactures, and sells photovoltaic solar cells and solar power products based on crystalline silicon technologies. The company’s principal products comprise monocrystalline and multicrystalline solar cells and modules.
Babcock & Wilcox Co (NYSE:BWC), ended its Thursday’s trading session with -2.24% loss, and closed at $31.85.
The Babcock & Wilcox Company (BWC) declared that its Board of Directors has formally approved the spin-off of the Power Generation business creating a new public company.
The Power Generation business will be named Babcock & Wilcox Enterprises, Inc. (“New B&W”), and operate as Babcock & Wilcox. It will be headquartered in Charlotte, N.C.
The remaining company will change its name to BWX Technologies, Inc. (“BWXT”) on the date of the spin-off and will be headquartered in Lynchburg, Va. In approving this transaction, the Board of Directors believes these two companies will benefit from independent administration teams, planned autonomy, and financial flexibility to create noteworthylong-term shareholder value.
The Babcock & Wilcox Company operates as a specialty constructor of nuclear components for customers in the power and other steam-using industries. The company operates through five segments: Power Generation, Nuclear Operations, Technical Services, Nuclear Energy, and mPower. The Power Generation segment provides fossil and renewable power generation equipment for capital projects with boiler products and environmental systems.
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