$PWR 2Q15 Q&A: For the question on M&A asked by Duncan of Stephens, Derrick said that the approach to acquisitions will not change and PWR will still be looking at allocation of capital on that regard. In the near term, the company is still probably looking at the pipeline of transactions that lead towards smaller transactions.
$IPG said its partner R/GA, an international advertising agency, posted major wins with Siemens and Mercedes-Benz. Another partner Huge, a digital agency, is working with major clients including Google and HBO.
$CFG reported that it spent $17MM in 3Q16 for its TOP III expense initiatives program related to severance and consultants. Salaries and employee benefits expense was down $11MM compared to 2Q16. Headcount was down by 200 year-over-year, driven by TOP
(Tapping Our Potential) efficiency initiatives.
In 4Q16, $GE
expects industrial cash flow from operating activities (CFOA) to be more than
$9Bil. The company expects to receive a $4Bil dividend from GE Capital. For
2016, $GE expects free cash flow plus dispositions to be more than $32Bil above
In the short to medium term, $STI said it does not believe its regulatory costs in general would abate. In the current environment, regulatory and compliance cost is expected to be generally stable or go up over time.
For 2017, $SLB expects solid growth year-over-year in the Middle East and Russia on a full-year basis. The company also sees an uptick in investment and activity in Latin America and in Europe/Africa. The only place where the company does not see any signs of recovery at this stage is in Asia.