People's United Bank of Connecticut is acquiring Suffolk Bancorp in a deal of close to $402 million. With that the bank will be able to expanding its foothold in the New York Metro area.
On Monday, Suffolk Bancorp's shares climbed more than twenty five percent after the announcement of the definitive agreement with People's United Financial Inc. In the announced of a definitive agreement, the companies said that the transaction will be an all-stock deal that is valued close to $402 million.
The initial climb in the stock market for Coca-Cola might face a block as the second-quarter results come out. This year, Coca-Cola shares have gone up five percent, but in New York on Thursday slid 0.1 percent down.
The Atlanta-based beverage giant said that the company's recently completed merger of its European bottling plants is expected to affect its financial figures in the June quarter. The company expects the net revenues to face a headwind of five to six percentage point and the pre- tax income to take a four to five point hit.
Solar Impulse 2 Reaches New York; Pilot Bertrand Piccard Speaks of Future Potentials of Renewable EnergySubmitted by Hasan Malik on Sun, 06/12/2016 - 05:47
June 5, marks the World Environment Day. Though more and more focus is being given to environmental protection and improvement but the crime rate is still on the rise. Environment related crime lists fourth in the world only after smuggling of drugs, counterfeit and human trafficking.
There has been a sudden lump in a couple of years in the environment related crimes valued between $91 and $258 billion worldwide. It's a twenty six percent jump from 2014 according to a new Interpol and the United Nations report that was published on Saturday.
Alcoa and Bonneville Power Administration Agreement will Allow Intalco’s Ferndale Smelter to be OperationalSubmitted by Isha Sondhi on Tue, 05/03/2016 - 09:06
In an announcement, Alcoa, the lightweight metal company said it has reached an agreement with the Bonneville Power Administration which will help it to keep the Intalco aluminum smelter operational.
That comes as a relief for the workers as the smelter will not cut jobs when the second quarter ends as planned earlier by the New York City based company.
The amendment in the power contract will be effective from July 1, 2016 till February 14, 2018. It also provides added right to use to market power during the period.
Solar energy technology related jobs are growing countrywide and a report from the Solar Foundation said that in 2015, the total number of Americans involved in jobs related to this sector totaled to 208,859 which includes 8,250 in New York.
According to the foundation, this is the third straight year when solar jobs have increased twenty percent or greater nationwide. In the list of top ten states were California, Massachusetts, Nevada, New York, New Jersey, Texas, Arizona, Florida, North Carolina and Colorado that added maximum number of solar jobs.
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