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Tag Archives: Navistar Defense

Cerberus to Buy 70% Stake in Navistar’s Defense Business

New York-based private equity firm Cerberus Capital Management has agreed to purchase a 70 percent controlling stake in Navistar International’s (NYSE: NAV) defense business for an undisclosed sum. Michael Sanford, co-head of private equity and senior managing director of Cerberus, said in a statement published Monday the company plans to …

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June 5 Morning Report: Friday Close – GovCon Index, Other Indices Post Positive Weekly Performance

The Executive Mosaic GovCon Index closed Friday up 0.727 or 0.759 on the week, reaching a new two-month high. The three major U.S. indices were up on the day. All three indices reached new record highs with strong weekly performances, with the S&P500 closed up 28.51 or 1.18 percent, the DJIA up …

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June 2 Market Close: GovCon Index Up as S&P 500, DJIA, and NASDAQ Reach New Highs Again

The Executive Mosaic GovCon Index closed up for the third day reaching a new two month high of 96.455 up 0.397 percent. All the U.S. indices were up on the day. The S&P500, DJIA, and NASDAQ again reached new record highs of 2,439.07, 21,206.29, and 6,305.80 respectively. Even thought the May jobless …

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May 30 Market Close: GovCon Index and Indices All Down on the Day

The GovCon Index and major U.S. indices started the week off in the negative. The Executive Mosaic GovCon Index ended the day down 0.477 percent to 95.223. Decliners outpaced advancers 3 to 1. The three U.S. indices moved down on the day giving back some of last weeks gains as investors analyze …

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May 30 Morning Report: Friday Close – GovCon Index and all Indices Up for the Week

Even though the Executive Mosaic GovCon Index closed down on Friday it was up 3.0 percent for the week. The weekly GovCon Index leaders were SAIC up 6.6 percent, McKesson and General Dynamics both up 2.5 percent. All the U.S. indices showed little movement at Friday’s close. All the indices were up …

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May 26 Market Close: GovCon Index Down With Minor Movement in Major Markets

The Executive Mosaic GovCon Index reversed the six day up streak to close down 0.162 percent to 95.728. All the U.S. indices showed little movement on the day with the market closing mixed. Ending a week of positive gains for all the major markets. WTI reversed it’s significant drop yesterday to close …

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May 25 Market Close: GovCon Index Up as S&P 500 and NASDAQ Set New Highs

The Executive Mosaic GovCon Index closed up for the sixth consecutive day with the advancers significantly outpacing the decliners 5 to 1. The GovCon Index reached another 30 day high of 95.791, up 0.787 percent. CSRA lead the 30 GovCon Index stocks, up 4.62 percent as they announced the acquisition NES Associates. …

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May 23 Market Close: GovCon Index Hits 30 Day High and S&P Close to 2,400

The Executive Mosaic GovCon Index closed up for the fourth consecutive with the advancers outpacing the decliners 3 to 1. The GovCon Index reached 30 day high of 94.234, up 0.367 percent. All the U.S. indices were up on the day as the S&P500 came within 2 points of breaking 2,400. Markets …

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May 22 Morning Report: Friday Close – GovCon Index and Markets Reverse Mid Week Slump

After posting strong quarterly earnings McKesson Corporation lead theGovCon Index. McKesson closed up $11.57 per share (8.18 percent) to $153.01. The Executive Mosaic GovCon Index ended Friday up 1.29 percent to 92.864. The major markets showed significant gains reversing the mid week slump with the DJIA recapturing 53 percent of Wednesdays losses. At market …

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May 19 Market Close: GovCon Index and Market Indices Close Week on a Strong Note

The Executive Mosaic GovCon Index ended the week on a positive note up 1.29 percent on the day and up 0.15 percent on the week. McKesson lead the GovCon Index posting a $11.57 per share value increase (8.18 percent) on yesterday’s strong quarterly earning report. The major markets showed significant gains reversing …

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