Claiming that the deal will guarantee ��ens of thousands��of jobs for the state, Washington�� legislature has approved an $8.7 billion package of incentives for The Boeing Co. (NYSE: BA) to ensure that the company builds its new 777X aircraft on the shores of Puget Sound. An additional package to improve the area�� transportation infrastructure worth about $10 billion is scheduled to be considered by the legislature later this month.
Boeing has moved its corporate headquarters out of Seattle, to Chicago, and opened a non-union manufacturing line for its 787 Dreamliner in North Carolina. The state of Washington wants to stop the bleeding and is willing to take some hefty hits to its tax collections in order to do so.
The 787 plant in North Carolina is Boeing�� first non-union shop and both the union and the state of Washington want it to be the last. The International Association of Machinists and Aerospace Workers (IAM) leadership has negotiated a new labor contract with Boeing that would take effect in 2016 and that cuts wage increases for its members, reduces health care benefits, and lowers the company�� contributions to its defined benefit retirement plan.
Top 5 Consumer Companies To Watch For 2015: Passport Potash Inc (PPI)
Passport Potash Inc. is a Canada-based exploration-stage company engaged in the acquisition, exploration and development of mineral resource properties. The Company is engaged in the exploration and development of potash properties. The Company has an interest in or has the right to earn an interest in six properties, Southwest Exploration Property, Twin Buttes Ranch, Sweetwater/American Potash, Mesa Uranium, Ringbolt Property and Fitzgerald Ranch (the Holbrook Basin properties), which are all located in Arizona. The Company has not established any proven or probable reserves on its mineral property interests. The Company's Holbrook Basin project is located seven miles east of Holbrook, Arizona. Advisors' Opinion:- [By Arrow Analysis]
The merger between the two companies had been in the works since September, but hit many a bump on the road. The two major obstacles in the path were the Chinese regulations and the ongoing tax investigation regarding Nokia�� Indian plant, operating in Chennai. While China green-lighted the deal easily, the Indian authorities were less obliging. The end result is that the Indian facility was not a part of the acquisitions and will be retained by Nokia. Although Nokia has not announced any conclusive plans, the fact that it offered its 7500+ Indian workers early retirement scheme suggests that the plant may soon be shut down. Also, noticeably absent from the terms of the merger was the ��tate of the art��South Korean plant in Masan. The deal closed for $7.5 billion. As previously decided, Nokia�� former CEO Stephen Elop will be reporting to Microsoft CEO, Satya Nadella and will be appointed executive vice president of Microsoft Devices Group. He will be overseeing the division that, from hence on, will be in charge of expanding the business of Lumia smartphones and tablets, Xbox hardware, Perceptive Pixel (PPI) products and accessories. Microsoft also plans to export more than 25,000 of Nokia�� former 90,000 employees.What does it mean for Microsoft�� future?
- [By JulieYoung789]
On Friday, June 13 the Commerce Department released its monthly report on producer prices which is one measure used to gauge the direction of price inflation in the U.S. The May Producer Price Index (PPI) reading showed a decrease of 0.2% seasonally adjusted. The Producer Price Index is a significant market moving news release and the worse than expected results likely had an effect on the market�� downward turn for the week.
Top 5 Industrial Disributor Companies To Invest In Right Now: Rimage Corporation(RIMG)
Rimage Corporation provides disc publishing and virtual publishing solutions that enable businesses to deliver digital content to their customers and employees worldwide. Its solutions enable delivery of videos, documents, audio files, and images. The company?s digital publishing solutions archive, distribute, and protect content on CDs, DVDs, and Blu-Ray Discs. It also offers a video platform, which captures, manages, and distributes live and on-demand content. The company, through its joint venture with Taiwan Electronic Data Processing Corporation, also provides Medical Disc System, a medical imaging disc publishing solution. Rimage Corporation was founded in 1978 and is headquartered in Minneapolis, Minnesota.
Advisors' Opinion:- [By ShadowStock]
RIMG: Rimage Corporation (RIMG)
"Helps businesses deliver digital content directly and securely to their customers, employees and partners"
Market Cap: $83.72M
Enterprise Value: $16.93M
Top 5 Industrial Disributor Companies To Invest In Right Now: Genesis Energy LP (GEL)
Genesis Energy, L.P. (Genesis) is a limited partnership focused on the midstream segment of the oil and gas industry in the Gulf Coast region of the United States, primarily Texas, Louisiana, Arkansas, Mississippi, Alabama, Florida and in the Gulf of Mexico. The Company has a portfolio of customers, operations and assets, including pipelines, refinery-related plants, storage tanks and terminals, barges and trucks. Genesis provides an integrated range of services to refineries, oil, natural gas and carbon dioxide (CO2) producers, industrial and commercial enterprises that use sodium hydrosulfide (NaHS) and caustic soda, and businesses that use CO2 and other industrial gases. The Company operates in three segments: Pipeline Transportation, Refinery Services, and Supply and Logistics. In August 2011, the Company acquired black oil barge transportation business of Florida Marine Transporters, Inc. In November 2011, it acquired a 90% interest in a 3,500 barrel per day refinery located in Converse County, Wyoming, including 300 miles of abandoned 3- 6 pipeline. On January 3, 2012, it acquired interests in several Gulf of Mexico crude oil pipeline systems, including its 28% interest in the Poseidon pipeline system, its 29% interest in the Odyssey pipeline system, and its 23% interest in the Eugene Island pipeline system. In August 2013, the Company announced that it has completed the acquisition of all the assets of the downstream transportation business of Hornbeck Offshore Transportation, LLC (Hornbeck).
Pipeline Transportation
The Company transports crude oil and carbon dioxide (CO2) for others for a fee in the Gulf Coast region of the United States through approximately 550 miles of pipeline. Its Pipeline Transportation segment owns and operates three crude oil common carrier pipelines and two CO2 pipelines. Its 235-mile Mississippi System provides shippers of crude oil in Mississippi indirect access to refineries, pipelines, storage terminals and other crude oil infrastructure ! located in the Midwest. Its 100-mile Jay System originates in southern Alabama and the panhandle of Florida and provides crude oil shippers access to refineries, pipelines and storage near Mobile, Alabama. The Company�� 90-mile Texas System transports crude oil from West Columbia to several delivery points near Houston. Its crude oil pipeline systems include access to a total of approximately 0.7 million barrels of crude oil storage.
The Company�� Free State Pipeline is an 86-mile, 20 CO2 pipelines that extends from CO2 source fields near Jackson, Mississippi, to oil fields in eastern Mississippi. It has a twenty-year transportation services agreement (through 2028) related to the transportation of CO2 on its Free State Pipeline.
Refinery Services
Genesis provides services to eight refining operations located in Texas, Louisiana and Arkansas, which operates storage and transportation assets in relation to its business and sell NaHS and caustic soda to industrial and commercial companies. The refinery services involve processing refiner�� sulfur (sour) gas streams to remove the sulfur. The refinery services also include terminals and it utilizes railcars, ships, barges and trucks to transport product. Its contracts are long-term in nature and have an average remaining term of four years.
Supply and Logistics
The Company provides services to Gulf Coast oil and gas producers and refineries through a combination of purchasing, transporting, storing, blending and marketing of crude oil and refined products, primarily fuel oil. It has access to a range of more than 250 trucks, 350 trailers and 50 barges with 1.5 million barrels of terminal storage capacity in multiple locations along the Gulf Coast, as well as capacity associated with its three common carrier crude oil pipelines.
Advisors' Opinion:- [By Seth Jayson]
Genesis Energy (NYSE: GEL ) is expected to report Q2 earnings around July 9. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Genesis Energy's revenues will grow 30.3% and EPS will grow 52.2%. - [By Matt DiLallo]
Genesis Energy (NYSE: GEL )
The final stock to get on your dividend watchlist is Genesis Energy. The company's business is split between pipeline transportation, refinery services, and supply and logistics, as you can see on the slide below. In addition to the assets it already has on the books, Genesis has a number of projects in the pipeline to drive future growth. Genesis estimates that these projects will enable it to provide distribution growth to investors in the low double digits well into the future. Genesis has quite the history to back those estimates up as the company has 31 consecutive quarters of distribution increases, including 26 which were more than 10%. That's what makes this dividend-paying stock one to watch. - [By Aimee Duffy]
Distributions are incredibly important to master limited partnerships -- they are the reason many investors buy in, and ultimately what drive the market performance for this asset class. As news of distribution increases trickle in for the third quarter, Fool.com contributor Aimee Duffy takes a look at the payouts from Genesis Energy (NYSE: GEL ) , Plains All American Pipeline (NYSE: PAA ) , and Memorial Production Partners (NASDAQ: MEMP ) , as all three MLPs are leading the way with the biggest distribution increases.
- [By Eric Volkman]
Genesis Energy (NYSE: GEL ) unitholders will take home a bit more money in dividends compared with previous periods. The company has declared its latest disbursement, which is to be $0.51 per common unit, to be handed out on Aug. 14 to shareholders of record as of Aug. 1. That amount is a shade above Genesis Energy's previous distribution of $0.4975 per share, which was paid in mid-May.
Top 5 Industrial Disributor Companies To Invest In Right Now: Grupo Casa Saba S.A. de C.V.(SAB)
Grupo Casa Saba, S.A.B. de C.V., through its subsidiaries, operates as a multi-channel and multi-product wholesale distributor primarily in Mexico. It distributes pharmaceutical products; health and beauty aids; publication products, such as magazines, books, albums, and stickers; food and non-perishable products; personal care and consumer goods; and general merchandise. The company also sells pharmaceutical products through its Farmacias ABC pharmacy chain located in Guadalajara, Jalisco; Farmacias Provee de Especialidades primarily located in Monterrey and Nuevo Leon of Mexico, as well as in the states of Chihuahua and Coahuila; and through Farmacias Benavides. In addition, it provides freight services to third parties. Further, it operates medical clinics; and offers specialized medical, rehabilitation, and surgical services, as well as provides real estate services. The company serves pharmacies, mass merchandisers, retail and convenience stores, specialty stores, sup ermarkets, and other specialized channels. As of December 31, 2010, it operated a distribution network consisting of 22 active distribution centers. It also operates in Brazil, Chile, and Peru. Grupo Casa Saba, S.A.B. de C.V. was founded in 1892 and is based in Mexico, Mexico.
Advisors' Opinion:- [By Inyoung Hwang]
U.K. stocks erased losses in the last half hour of trading, leaving the FTSE 100 Index (UKX) little changed, as a rally in British Sky Broadcasting Group Plc (BSY) and SABMiller Plc (SAB) offset Dagong Global Credit Rating Co.�� downgrade of U.S. sovereign debt.
- [By Tom Stoukas]
SABMiller Plc (SAB) lost 2.1 percent to 3,462 pence. The world�� second-largest brewer said earnings before interest, taxes and amortization in the year to March 31 rose to $6.42 billion. That missed the median estimate of 13 analysts in a Bloomberg News survey that called for $6.46 billion.
- [By Sofia Horta e Costa]
SABMiller Plc (SAB), the world�� second-biggest brewer, dropped 2.1 percent to 3,165 pence. Credit Suisse Group AG cut its rating on the beverage industry to benchmark, similar to neutral, from overweight, citing valuations. The Stoxx 600 Food & Beverage Index trades at 18.2 times projected earnings, compared with 14.3 times profit for the broader gauge, according to data compiled by Bloomberg.
- [By Dividend Mantra]
Altria Group, Inc. operates as a holding company with a number of subsidiaries, including Philip Morris USA Inc., U.S. Smokeless Tobacco Company LLC, John Middleton Co., Ste. Michelle Wine Estates Ltd. and Philip Morris Capital Corporation. They also hold approximately 26.9% of the economic and voting rights of SABMiller plc (SAB).
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