On Friday, Jacobs Engineering Group Inc (NYSE:JEC)’s shares inclined 1.11% to $43.64.
Jacobs Engineering Group Inc (JEC) declared it was awarded an engineering, procurement and construction administration (EPCM) contract from Celanese Corporation for the construction of a vinyl acetate ethylene (VAE) emulsions production plant at Jurong Island, Singapore.
Under the terms of the contract, Jacobs is responsible for the detailed engineering and design of the project; plus procurement of major equipment and administration of construction services.
With a VAE plant in Singapore, Celanese will broaden its network to better serve customers throughout the Asia-Pacific region, primarily in the higher-end applications of architectural coatings, building and construction, carpets, and paper industries.
Construction is predictable to start by mid-2015, and the unit is predictable to start production by second half of 2016.
Jacobs Engineering Group Inc. provides technical, professional, and construction services to various industrial, commercial, and governmental clients. It offers project services that comprise engineering, design, architectural, interiors, planning, environmental, and other services; and process, scientific, and systems consulting services, counting services performed in connection with scientific testing, analysis, and consulting activities, in addition to information technology, and systems engineering and integration activities.
Cheetah Mobile Inc (ADR) (NYSE: CMCM)’s shares gained 5.48% to $34.84.
Cheetah Mobile Inc (ADR) (CMCM) which has a 92 CR, noted in the report that an organization with more than 2,000 devices on its network has a 50% chance that there are at least six infected or targeted mobile devices on it. Some 72% of information technology providers agreed that their top mobile-security challenge is protecting corporate information, while 67% said their second-biggest challenge is managing personal devices that store both corporate and personal data.
Check Point says in-network actions also can easily result in data loss. It found that 81% of the organizations analyzed suffered a data loss incident last year, up 41% from 2013. Data can unknowingly leak out of any organization for a variety of reasons, most of those tied to current and past employee actions. While most security strategies focus on protecting data from hackers coming in, it is equally important to protect data from the inside out.
Cheetah Mobile Inc. operates a platform that offer mobile and PC applications for users and global content distribution channels for business partners in China. The company’s suite of applications optimizes mobile and PC Internet system performance and provides real time protection against known and unknown security threats.
At the end of Friday’s trade, Energy Transfer Equity LP (NYSE:ETE)‘s shares gained 2.37% to $67.91.
Energy Transfer Equity LP (ETE) declared a two-for-one split of the Partnership’s outstanding common units (the “Unit Split”). The Unit Split will be effected by a distribution of one common unit for each common unit outstanding and held by unitholders of record at the close of business on July 15, 2015. The Unit Split is predictable to be accomplished on July 24, 2015.
Energy Transfer Equity, L.P., through its auxiliaries, provides diversified energy-related services in the Unites States. It owns and operates about 7,700 miles of natural gas transportation pipelines and 3 natural gas storage facilities located in the state of Texas; and about 12,800 miles of interstate natural gas pipeline.
E Commerce China Dangdang Inc (ADR) (NYSE:DANG), ended its Friday’s trading session with 3.29% gain, and closed at $8.79
E Commerce China Dangdang Inc (ADR) (DANG) saw a big move last session, as the company’s shares fell by over 15% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for DANG, as the stock is now down by over 6% in the past one-month time frame.
On May 28, Dangdang stated financial results for first quarter of 2015, in which the company incurred net loss of $9.7 million, which deteriorated from the year-ago quarter.
The company has seen a flat track record when it comes to current year estimate revisions over the past few weeks (0 enhances, 0 decreases), and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
E-Commerce China Dangdang Inc. operates as a business-to-consumer e-commerce company in the People’s Republic of China. It primarily sells books, periodicals, electronic publications, consumer electronics, and audio-visual products through its Website dangdang.com.
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