On Wednesday, Wabash National Corporation (NYSE:WNC)’s shares declined -2.09% to $11.72.
Wabash National Corporation (WNC) was named one of the “50 Best U.S. Manufacturers” by IndustryWeek in its July/August 2015 issue. This is the third time Wabash National has been honored as an “IW 50 Best,” having also appeared on the list in 2006 and 2013.
“This national recognition reflects the dedication and talent of our 6,000 associates worldwide,” said Dick Giromini, president and chief executive officer. “Wabash National has changed significantly in the past three years as we have transformed from primarily a van trailer producer to a diversified industrial manufacturer. With a rich 30-year history as an industry leader, our core values and commitment to customers have remained the same, and that has made all the difference.”
The IndustryWeek 50 Best U.S. Manufacturers is the magazine’s annual ranking of America’s top-performing public manufacturers. To select the top 50 manufacturing companies, IndustryWeek evaluated members of its “U.S. 500,” a list of the largest U.S. public manufacturers, based on financial performance in six key areas from 2012 to 2014: inventory turns, profit margin, asset turns, return on assets, return on equity and revenue growth. Performance for the most recent year was weighted more heavily in the analysis.
Wabash National Corporation designs, manufactures, and markets truck and tank trailers, intermodal equipment, and transportation related products in North America. Its Commercial Trailer Products segment provides dry van trailers under the DuraPlate, DuraPlateHD, DuraPlate, XD-35, and FreightPro trademarks; platform trailers under the Transcraft, Eagle, and Benson trademarks; refrigerated trailers under the ArcticLite trademark; and specialty products, such as converter dollies, big tire haulers, Roadrailer trailers, rail products, aftermarket component products, parts, and others, in addition to used trailers and laminated hard wood oak products.
Investment Technology Group (NYSE:ITG)’s shares dropped -7.85% to $14.21.
ITG (ITG), a leading independent execution broker and research provider, declared this week the appointment of Nick Johnston as Managing Director, European Head of Sales Trading. He will lead ITG’s European high-touch business. Sales trading at ITG is part of a global high-touch agency trading service, which also comprises Portfolio/Index Trading and ETF Trading.
Based in London, Mr. Johnston will report to Managing Director and Chief Executive Officer of ITG Europe, Rob Boardman. He joins ITG from Barclays Capital where he held the position of Head of European Sales Trading and has formerly served in similar roles at both JP Morgan and Lehman Brothers.
Investment Technology Group, Inc. operates as an independent execution and research broker in the United States, Canada, Europe, and the Asia Pacific regions. It offers trade execution services and solutions for portfolio administration, investment research, pre-trade analytics, and post-trade analytics and processing. The company provides ITG Algorithms and ITG Smart Router that offers portfolio managers and traders to trade orders; POSIT for continuous and planned crossing of non-displayed equity orders and price improvement opportunities; ITG Derivatives for electronic listed futures and options trading, counting algorithmic trading and direct market access; ITG Commission Manager, a Web-based commission administration portal; and securities lending services.
At the end of Wednesday’s trade, Werner Enterprises, Inc. (NASDAQ:WERN)‘s shares surged 0.15% to $27.23.
Werner Enterprises, Inc. (WERN) one of the nation’s largest transportation and logistics companies, declared that John J. Steele, Executive Vice President, Treasurer and Chief Financial Officer, will take part in the Citi Industrials Conference: Thursday, September 17, 2015, in Boston, Massachusetts, presenting at 8:45 a.m. EDT.
Werner Enterprises, Inc., a transportation and logistics company, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce. The company operates in two segments, Truckload Transportation Services and Value Added Services. The Truckload Transportation Services segment operates regional short-haul fleet, which transports various consumer nondurable products and other commodities in truckload quantities using dry van trailers; medium-to-long-haul van fleet that provides comparable truckload van service over irregular routes; and the expedited fleet, which offers time-sensitive truckload services.
Joe’s Jeans Inc (NASDAQ:JOEZ), ended its Wednesday’s trading session with 3.47% gain, and closed at $0.176.
B.Riley & Co., LLC, a leading full service independent investment bank and a wholly-owned partner of B. Riley Financial, Inc. (RILY), served as the exclusive financial advisor to Peter Kim, the founder and CEO of Hudson Clothing, a wholly-owned partner of Joe’s Jeans, Inc. (JOEZ), and investor, Fireman Capital Partners, LLC (FCP), in the projected transactions to sell the Joe’s Jeans brand and operating assets, and merge the remaining Hudson business with RG Parent LLC, the parent company of Robert Graham, a nationally-recognized fashion brand.
In connection with the merger, an associate of Tengram Capital Partners, a consumer-focused private equity firm and the controlling owner of the Robert Graham business, will sponsor a recapitalization of the combined Hudson and Robert Graham business. Upon the closing of the merger, the outstanding indebtedness of JOEZ owed to its senior revolving credit lender will be paid in full, in addition to certain indebtedness to the convertible noteholders. Holders of the outstanding convertible notes issued by JOEZ, counting Kim and an associate of FCP, will exchange such notes for common stock, cash and modified convertible notes. Upon the closing of the Joe’s Jeans brand asset sale transactions, the combined Hudson and Robert Graham business will be renamed Differential Brands Group, Inc. and remain listed on NASDAQ.
Joe’s Jeans Inc., together with its auxiliaries, designs, develops, and markets apparel products in the United States. The company operates through two segments, Wholesale and Retail. It provides women’s and men’s denim jeans, pants, shirts, sweaters, jackets, and other apparel products. The company also offers women’s handbags and clutches; women’s intimates; children’s products, counting basic denim bottoms, tops, T-shirts, and jackets for toddlers, girls, and boys; shoes; belts; and leather products. It sells its products under the Joe’s, Hudson, and else brand names to retailers, specialty stores, and distributors; and to consumers through its full price retail and outlet stores, in addition to through online retail sites comprising joesjeans.com and hudsonjeans.com.
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