On Tuesday, USG Corporation (NYSE:USG)’s shares declined -3.06% to $28.34.
USG Corporation (USG), a leading building products company, declared that it has reached a definitive agreement for the sale of its interest in Knauf-USG Verwaltungs GmbH and Knauf/USG Systems GmbH & Co. KG (collectively the “Knauf-USG Joint Venture”) to Knauf Aquapanel GmbH (“Knauf”) for about €48 million cash. The Knauf-USG Joint Venture manufactures and distributes Aquapanel® brand cement panels throughout Europe (not taking into account Turkey) and all countries that were part of the former Soviet Union. USG’s equity method income in the Knauf-USG Joint Venture amounted to $2 million for the year ended December 31, 2014. Upon the close of the transaction, USG anticipates recording a $3 to $7 million gain on the disposition.
USG Corporation, through its auxiliaries, operates as a manufacturer and distributor of building materials worldwide. Its Gypsum segment provides gypsum and related products that are used to construct walls, ceilings, roofs, and floors of residential, commercial, and institutional buildings, in addition to in various industrial applications. It provides gypsum panels; and a line of joint compounds, corner beads, and tape that are used for finishing wallboard joints under SHEETROCK brand.
Tronox Ltd(NYSE:TROX)’s shares dropped -0.09% to $5.84.
Tronox Limited (TROX) declared off-list price enhances for all USP and Industrial grade sodium bicarbonate products. Effective right away, or as contract terms permit, pricing for bulk and packaged sodium bicarbonate off-list pricing will enhance by $15.00/ton ($.75/cwt).
Tronox Limited produces and markets titanium bearing mineral sands and titanium dioxide (TiO2) pigment in North America, Europe, South Africa, and the Asia-Pacific region. It primarily operates in two segments, Mineral Sands and Pigment.
At the end of Tuesday’s trade, Finisar Corporation (NASDAQ:FNSR)‘s shares dipped -3.38% to $11.72.
Finisar Corporation (FNSR), the world leader in optical transceiver technology, recently declared that it has received the 2015 Excellence in Delivery and Flexibility Award from Cisco®.
This prestigious award recognizes Finisar® for executing under tremendous delivery and flexibility pressures, while quickly adapting to Cisco’s Lean hubbing requirements and adopting the company’s cloud-based SCP material administration platform. The distinction was awarded during Cisco’s 24th Annual Supplier Appreciation Event, held September 9th at the Santa Clara Convention Center in California.
Cisco presented awards to suppliers in recognition of their contributions to Cisco’s success in fiscal year 2015. At the event, Cisco recognized the dedication and successes of its planned suppliers and manufacturing partners — a testament to the company’s commitment to close partnership with its supply network to drive industry leadership, accelerated innovation and improved customer experience.
Finisar Corporation provides optical subsystems and components for data communication and telecommunication applications in the United States, Malaysia, China, and internationally.
Ally Financial Inc(NYSE:ALLY), ended its Tuesday’s trading session with -2.3% loss, and closed at $20.86.
In honor of local students going back to school this week, Ally Financial declared that it will be donating 3,000 new library books to schools in the Detroit Public School district. Elementary and middle school libraries throughout the district will receive 50 new books that focus on various financial literacy skills and concepts, with selections for pre-kindergarten through eighth grade reading levels.
Ally’s city-wide book donation kicked off at Spain Elementary-Middle School in Detroit this morning, where Ally volunteers hand-delivered the new books to the school. Volunteers also surprised all 650 students at Spain with additional school supplies, counting pens, pencils, notebooks, scissors, extra paper and other necessities for their school year.
Ally Financial Inc. provides financial products and services primarily to automotive dealers and their customers in the United States. It offers dealer financial services, counting a range of financial services and insurance products to automotive dealers and retail customers.
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