x min read

Mix Sector Stock In Focus: Methanex Corporation (NASDAQ:MEOH), General Dynamics (NYSE:GD), General Electric (NYSE:GE), SINA Corp (NASDAQ:SINA), Honeywell International (NYSE:HON)

Mix Sector Stock In Focus: Methanex Corporation (NASDAQ:MEOH), General Dynamics (NYSE:GD), General Electric (NYSE:GE), SINA Corp (NASDAQ:SINA), Honeywell International (NYSE:HON)
Written by
Ryan Mitchell
Published on
November 14, 2014
Copy URL
Share on LinkedIn
Share on Reddit
Share on Twitter/X
Share on Facebook
InsidrFinancial

Methanex Corporation (USA)(NASDAQ:MEOH) declared that it has priced two offerings of senior unsecured notes. Methanex would issue $300 million in aggregate principal amount of 4.25% senior notes due December 1, 2024 and $300 million in aggregate principal amount of 5.65% senior notes due December 1, 2044. The 2024 notes were issued at a price of 99.497% of the aggregate principal amount, with an effectual yield to maturity of 4.312%, and the 2044 notes were issued at a price of 99.353% of the aggregate principal amount, with an effectual yield to maturity of 5.695%.General Dynamics Corporation(NYSE:GD) reported that the first deal is for the design-and-build of a network of Mercury Global anchor stations priced at CDN $59.1 million. Through this network of antennas, the Department of National Defence would access the Wideband Global Satellite constellation and would be capable of supplying high speed secure communications for deployed Canadian Forces around the globe. The second contract gives ongoing in-service support and is priced at CDN $8.5 million.The center, General Electric Company(NYSE:GE)’s first in Latin America, would be a hub for appointment and collaboration with GE's customers in the region and is predicted to hire 400 researchers in the future. The co is operating with Petrobras (PBR) and BG Group (BRGYY) on research projects to make the technologies and equipment that would be required to move production from the platform to the marine. BG Group and GE are discovering ways to make drilling systems smarter, hiking the amount of data they give and helping operators utilize the data in real-time.Chinese online media firm SINA Corp(NASDAQ:SINA) Thursday declared a rise in profit for the third quarter, mirroring mostly a hefty gain from sale of investment in Alibaba at its IPO. Shanghai, China-located Sina's third-quarter profit climbed to $133.6 million or $1.91 per share from $25.4 million or $0.37 per share past year. Results for the quarter include, amid other gains, a $109.2 million gain from the sale of a portion of Sina's investment in Alibaba at its initial public offering.Honeywell International Inc.(NYSE:HON) has been nominated as the production aircraft engine supplier for the Textron AirLand Scorpion aircraft. Honeywell's verified TFE731-40AR-3S engine was formerly selected for the development stage of the program and this deal has been prolonged to the aircraft production phase. Textron AirLand is a joint venture between Textron (TXT) and AirLand Enterprises.

Discover Hidden Gems

Don't miss the next big opportunity. Subscribe for timely alerts on potential market movers.

Recommended for You