Huntington Ingalls Industries Inc ( HII ) shares are trading lower after it reported fourth-quarter FY24 results. Sales and service revenue increased 5.4% year-over-year to $3.00 billion, missing the consensus of $3.05 billion. Ingalls Shipbuilding $736 million (-8.0% Y/Y), Newport News Shipbuilding $1.59 billion (-4.6% Y/Y), and Mission Technologies $713 million (-4.3% Y/Y). Operating income decreased 64.7% Y/Y to $110 million, and the margin contracted by 616 bps to 3.7%. Segment operating income was $103 million (-68.8% Y/Y), and the margin was 3.4%, down 696 bps...

SAO PAULO, Feb 6 (Reuters) - Brazilian miner Vale has agreed to buy a 50% stake in Baovale from its Chinese partner Baoshan Iron & Steel, taking control of the company, newspaper Valor Economico reported on Thursday. ...

10:57 AM EST, 02/06/2025 (MT Newswires) -- Price: 117.94, Change: +1.93, Percent Change: +1.66 ...

10:59 AM EST, 02/06/2025 (MT Newswires) -- Jeffs' Brands ( JFBR ) said Thursday it has entered into a definitive agreement to complete the planned merger of its Fort Products unit with Impact Acquisitions. Under the terms of the deal, Impact will acquire 100% of Fort Products' equity interests from Jeffs' Brands ( JFBR ). The company will receive between...