On Thursday, Boeing Co (NYSE:BA)’s shares inclined 0.22% to $137.50.
Boeing [NYSE: BA] declared that 747 fuselage panels will be built at its Macon, Georgia facility starting in 2018.
Boeing will take over the work from Triumph Aerostructures – Vought Aircraft Division, a wholly owned partner of Triumph Group, Inc., with the Macon site providing assembled fuselage panels to Boeing’s 747 final assembly line in Everett, Washington. Boeing and Triumph Aerostructures have worked together to ensure a smooth transition for the 747 supply chain.
Boeing and Triumph Aerostructures have worked together for many months to ensure a smooth transition for the 747 supply chain. As part of this detailed process, the Boeing team selected the Boeing Defense, Space & Security Macon facility for 747 fuselage panel work.
Defense work presently performed at the Macon site comprises replacement center wing sections for the A-10 Thunderbolt II, in addition to sub-assemblies for the CH-47 Chinook helicopter. Fuselage panels for the C-17 Globemaster transport airplane were also produced at the site until earlier this year.
The Boeing Company, together with its auxiliaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. The company operates in five segments: Commercial Airplanes, Boeing Military Aircraft, Network & Space Systems, Global Services & Support, and Boeing Capital.
First Majestic Silver Corp (NYSE:AG)’s shares gained 2.24% to $3.20.
First Majestic Silver Corp. (AG) and SilverCrest Mines Inc. (SVL.TO)(NYSE MKT:SVLC)(CW5.F) are happy to declare that Glass, Lewis & Co. (“Glass Lewis”) and Institutional Shareholder Services Inc. (“ISS”), two leading independent proxy advisory firms which provide voting recommendations to institutional investors, have each recommended that shareholders of First Majestic and SilverCrest vote FOR the respective shareholders’ resolutions projected in connection with the plan of arrangement (the “Arrangement”) following which First Majestic will acquire all of the common shares of SilverCrest.
In SilverCrest’s report, Glass Lewis summarized their FOR recommendation for the Arrangement as follows*: “Overall, in light of SilverCrest’s efforts to explore planned and transaction alternatives over the past several years, we believe adequate assurance exists for shareholders that the projected transaction likely represents the best opportunity accessible at this time to maximize shareholder value. Given the opportunity to take part as investors in a larger, more diverse and higher profile silver producer, while retaining a noteworthy interest in both SilverCrest’s producing asset and its exploration properties, we believe the projected arrangement is plannedally and financially compelling. Finally, while the transaction comes at a time when silver prices are at a 5-year low, we believe the exchange ratio is a fair and acceptable level at which shareholders can convert the majority of their investments in SilverCrest to holdings in the enlarged First Majestic, while maintain a direct ownership interest in SilverCrest’s exploration properties through shares in New SilverCrest. Based on these factors, together with the support of the board, we believe the projected arrangement is in the best interests of shareholders.”
First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver projects in Mexico. The company owns and operates five producing mines, counting the La Encantada silver mine in Coahuila State, the La Parrilla silver mine in Durango State, the Del Toro silver mine in Zacatecas State, the San Martin silver mine in Jalisco State, and the La Guitarra silver mine in Mexico State.
At the end of Thursday’s trade, FirstEnergy Corp. (NYSE:FE)‘s shares surged 0.44% to $31.72.
The Board of Directors of FirstEnergy Corp. (FE) declared an unchanged quarterly dividend of 36 cents per share of outstanding common stock. The dividend will be payable December 1, 2015, to shareholders of record at the close of business on November 6, 2015.
FirstEnergy Corp., through its auxiliaries, generates, transmits, and distributes electricity in the United States. The company operates through Regulated Distribution, Regulated Transmission, and Competitive Energy Services segments.
Cognizant Technology Solutions Corp (NASDAQ:CTSH), ended its Thursday’s trading session with -1.15% loss, and closed at $62.89.
Cognizant (CTSH), a leading provider of information technology, consulting, and business process services, recently declared that Zein Abdalla has been elected to its Board of Directors. Mr. Abdalla was most recently President of PepsiCo, Inc., a leading global food, snack and beverage company, from September 2012 through his retirement in December 2014.
Mr. Abdalla, 57, was identified following a search by the Nominating and Corporate Governance Committee of the Cognizant Board. In connection with the appointment, Mr. Abdalla will also serve on the Company’s Audit Committee and Nominating and Corporate Governance Committee. Mr. Abdalla will serve as a Board member until the Company’s annual stockholders’ meeting in 2016. He has no direct or indirect relationship with Cognizant or its auxiliaries and is considered an independent director.
Cognizant Technology Solutions Corporation provides information technology (IT), consulting, and business process services worldwide. The company operates through four segments: Financial Services, Healthcare, Manufacturing/Retail/Logistics, and Other.
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