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India's Bharat Electronics March-qtr profit rises about 6 pct

Monday, 29 May 2017 08:51am EDT

May 29 (Reuters) - Bharat Electronics Ltd :March quarter net profit 7.92 billion rupees.Consensus forecast for March quarter profit was 8.04 billion rupees.March quarter total income from operations 42.27 billion rupees.Net profit in March quarter last year was 7.45 billion rupees as per Ind-AS; total income from operations was 34.15 billion rupees.Recommended dividend of 1.05 rupees per share.

Kurganmashzavod receives 100% stake in Industrial Leasing

Monday, 29 May 2017 01:55am EDT

May 29 (Reuters) - KURGANMASHZAVOD ::SAYS RECEIVES 100% STAKE IN INDUSTRIAL LEASING.

FACC AG appoints new chief operating officer

Monday, 29 May 2017 01:21am EDT

May 29 (Reuters) - Facc Ag :Says supervisory board of FACC AG appointed Mr. Andreas Ockel (51) as new member of management board of FACC AG.Says Ockel will start his function as newly appointed chief operating officer (coo) of FACC AG as of January 1, 2018.

Garmin to appeal ITC initial determination

Friday, 26 May 2017 11:30am EDT

May 26 (Reuters) - Garmin Ltd :Garmin to appeal ITC initial determination.Garmin disagrees with initial determination and will seek review by ITC, which is expected to issue a final determination in August 2017..ALJ recommends a fine in amount of $37 million.Ruling does not impact in any way Garmin products with clearvü sonar functionality, which have been on market since 2016.Administrative law judge at ITC made an initial determination in enforcement proceeding brought by navico, inc. against Garmin."even if affirmed by itc, ruling has no impact on garmin's customers or dealers".

Hytera Communications revises acquisition plan, to acquire Norsat for $68 mln

Friday, 26 May 2017 07:21am EDT

May 26 (Reuters) - Hytera Communications Corp Ltd <002583.SZ>:Says it revises acquisition plan, to acquire Canada's Norsat International Inc <<>> for $68 million from $62 million previously.

Singapore Technologies Engineering says unit injects capital into engine asset management JV

Friday, 26 May 2017 05:16am EDT

May 26 (Reuters) - Singapore Technologies Engineering Ltd ::Pdf 1: Singapore Technologies Engineering Ltd (St Engineering's Aerospace Arm Injects Capital Into Engine Asset Management Jv) <<>>.Capital injection is not expected to have any material impact on EPS of co for current FY .Aerospace arm through unit has injected its proportional share amounting to US$3.5m into total engine asset management.

Norsat announces amended offer from Hytera Communications for $11.25 per share

Thursday, 25 May 2017 01:12pm EDT

May 25 (Reuters) - Norsat International Inc ::Norsat announces amended offer from Hytera Communications Co., Ltd. to be acquired for $11.25 USD per share.Amended offer is to acquire company for cash consideration of US$11.25 per share.Amended offer is to increase both Norsat and Hytera termination fees for deal from US$2.0 million to US$2.5 million, respectively​.Board received, reviewed and considered an offer from Hytera to amend terms of existing arrangement agreement.Amended to remove condition permitting Hytera to not close transaction if over 20% of co's shareholders exercised dissent rights.

Xian Haitian Antenna says co acquired 677,700 shares of total issue shares of Cloud Live

Thursday, 25 May 2017 10:50am EDT

May 25 (Reuters) - Xian Haitian Antenna Holdings Co Ltd <8227.HK> ::Co acquired 677,700 shares, about 0.085 percent of total issue shares of Cloud Live in the stock market.Co acquired shares at a total consideration of about RMB2.46 million.

Ryanair CEO says expects FY results to be in line with current guidance

Wednesday, 24 May 2017 07:45am EDT

May 24 (Reuters) - Ryanair Chief Executive Michael O'Leary :says expects FY results to be in line with current guidance .says profits have risen since start of Always Getting Better programme from 500 million euros to "something over 1.3 billion euros".says already talking to Boeing <<>> on aircraft orders for 2023 to 2028.Speaking to journalists at news conference in Dublin.

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