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HomeBusiness NewsDresser-Rand Group (NYSE:DRC) on New High With Raytheon ( NYSE:RTN), Covanta (NYSE:CVA),...

Dresser-Rand Group (NYSE:DRC) on New High With Raytheon ( NYSE:RTN), Covanta (NYSE:CVA), Northrop Grumman (NYSE:NOC)


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General Electric Co (NYSE:GE) and Germany’s Siemens are considering offers for compressor and turbine maker Dresser-Rand Group Inc. (NYSE:DRC) (Full FREE Analysis of DRC And Be Sure To Notice The Intermediate Period) that could derail a union between Dresser-Rand as well as Swiss pump maker Sulzer, media reports reported. The Siemens’ supervisory board might vote on whether to table a bid at a meeting coming week, with Bloomberg quoting an offer of more than $85 a share. Whereas, shares of Dresser-Rand Group Inc. (NYSE:DRC) traded up of 9.42% to finished at USD79.91 with market capitalization of 6.12 billion.

Raytheon Company (NYSE:RTN) (Read Latest Free Analytic Facts on RTN and Be Updated) declared that it has resumed collecting warheads designed to intercept incoming intercontinental ballistic missiles following a four-year suspension ordered by the Pentagon for the reason that of failed test releases. A spokesman for the Defense Department’s Missile Defense Agency, Richard Lehner stated that the company is using enhanced components that performed well during a winning June 22 test of the $34B ground-based system managed by Boeing Co. (BA). Share price of Raytheon Company (NYSE:RTN) climbed 0.85% to closed at $103.35 with the traded volume of 2.13 million shares as compared to the average volume of 1.55 million in last session.

Covanta Holding Corp (NYSE:CVA) (Read Experts View Here on CVA Upcoming Performance) inched down in last trading session as the firm declared that it closed a agreement for a 500M -euro ($642M) Irish plant to produce power from waste. Covanta will construct, own and operate the 58-megawatt power facility in Dublin for the city council, by means of construction to start immediately, the New Jersey, U.S.-based firm declared a statement on its website. The plant will obtain about three years to build and use residential, commercial, and industrial waste to generate electricity. As, Covanta Holding Corp (NYSE:CVA) has 0.39 beta factor with last traded share price of $21.47 with negative change of -0.37%.

The engineering director at Northrop Grumman Corporation’s (NYSE:NOC) (What Market Forces Produce Volatility in NOC Share? Find Free Report Here) Buffalo-based Amherst Systems business unit, Sue Nowicki was among 27 area women to be recognized for their business acumen and community spirit at the recent Buffalo Business First Women of Influence Awards. Northrop Grumman Corporation (NYSE:NOC) stock surged of 0.92% to closed at $133.66 with the total traded volume of 1.82 million shares. The consensus average revenue estimates are $ 5.89B for latest quarter, at the same time as 17 experts predict $5.95B revenues for the next three months of 2014.

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