$MHFI said that it has agreed to sell Standard & Poor's Securities Evaluations, Inc. and Credit Market Analysis, two assets within the S&P Global Market Intelligence division, to stock exchange operator $ICE. ICE can elect to satisfy its payment of the purchase price at the close of the transaction in either cash or shares of its common stock.
of $HBAN declared a quarterly cash dividend of $0.08 per common share. This
represents a $0.01 per share or 14% increase over the prior quarter. The dividend
is payable January 2, 2017, to shareholders of record on December 20, 2016.
$DGX stated that its partnership with Squared is progressing. Both the companies will get benefited by integrating their laboratory clinical trial businesses. $DGX will get 40% of the equity earnings since it owns 40% of the joint venture. The company added that it will take some time to get the integration completed.
$TXT's Industrial revenue for 3Q16 rose by $58MM from last year, due to the impact of acquired businesses and higher volumes. Segment profit rose by $5MM reflecting improved performance. Finance segment revenues increased $3MM and profit declined $3MM.
$TXT's revenue at Textron Systems for 3Q16 declined by $7MM YoverY, primarily due to lower weapons volume partially offset by higher revenues at Marine and Land. Segment profit rose by $5MM, reflecting improved performance. Backlog in the segment at the end of 3Q16 was $2.2Bil, down $74MM from last quarter.
$TXT's revenue at Bell for 3Q16 fell by $22MM YoverY, primarily due to lower commercial deliveries partially offset by higher military volumes. Segment profit declined by $2MM, reflecting the lower commercial aircraft deliveries. Backlog in this segment was $4.9Bil at the end of 3Q16, about flat with last quarter.