RMG Networks Completes Reverse Stock Split

RMG Networks Completes Reverse Stock Split

RMG Networks Holding, a digital signage company, said Tuesday it has completed its previously announced 1-for-4 reverse split of its outstanding common stock following the market close on Aug. 14. As a result of the reverse stock split, every four pre-split shares of common stock outstanding have become one share of common stock. The reverse stock split reduced the number of shares of outstanding common stock to approximately 11.2 million […]

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MSC Industrial Acquires Deco Tool Supply

MSC Industrial Acquires Deco Tool Supply

MSC Industrial Supply, a provider of industrial machinery, said early Monday it acquired Deco Tool Supply, an industrial supply distributor based in Davenport, Iowa. The deal, whose value was not disclosed, was completed on July 31. Deco’s annual revenue was $100 million in 2016, generated by 190-plus associates across 10 branch offices located primarily in the Midwest. Deco’s sales force and branch footprint complements MSC’s coverage in the region. In […]

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Moog Tops Q2 Street Views on EPS and Revenues

Moog Tops Q2 Street Views on EPS and Revenues

Moog a manufacturer of precision-control systems used in aircraft and other industries, Friday reported earnings and revenues above Street views. Moog reported fiscal Q2 earnings of $1.11 per share, above the Street view of $0.89 as compiled by Capital IQ, and also above the $1.00 reported a year earlier. Revenue in the quarter ended July 1 was of $626.2 million, above the Street view of $613.0 million, and also above […]

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Duluth Names Dave Loretta as CFO

Duluth Names Dave Loretta as CFO

Duluth Holdings, a lifestyle brand of men’s and women’s casual wear, said early Monday that it has named Dave Loretta as its new CFO. Loretta will succeed retiring CFO Mark DeOrio and will assume the role of chief financial officer effective on Monday. Prior to joining Duluth Trading, Dave Loretta served four years as CFO of Nordstrom Bank and led all financial and operating functions for its proprietary card operations.

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BMO Raises Infosys Target Price

BMO Raises Infosys Target Price

BMO Capital said Monday it is raising the price target on Infosys to $16 from $15 while reiterating a market perform rating. The broker said the company’s quarterly results exceeded both its and the Street’s expectations, noting that foreign exchange rates probably helped revenues and delayed wage increases helped margins. “We believe INFY…will face trade-offs to grow revenues while maintaining margins, particularly as on-site mix increases to support digital revenue […]

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