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Stock Market & Financial Investment News

News Breaks
February 28, 2013
17:06 EDTTKR, GBXGreenbrier sells wheelset roller bearing reconditioning business to Timken
The Greenbrier Companies (GBX) announced it has entered an asset purchase agreement with The Timken Company (TKR) for sale of substantially all the equipment utilized in Greenbrier's reconditioned wheelset roller bearing operations in Elizabethtown, Kentucky. Concurrent with the sale, Greenbrier will enter into a long-term supply agreement with Timken for reconditioned and new bearings. The companies did not disclose the asset purchase price. Closing of the transaction is expected before the conclusion of Greenbrier's Q3 ending May 31.
News For GBX;TKR From The Last 14 Days
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March 19, 2015
08:28 EDTGBXGreenbrier order flow impressive, says Sterne Agee
After Greenbrier announced yesterday that it received 10.1K orders in the February quarter, Sterne Agee says that the company's strong order flow is especially impressive since it likely excludes much of the effect of crude by rail tank orders related to the new tank car standards expected in May. The firm says that Greenbrier's backlog now essentially covers about two years worth of deliveries. It keeps an $84 price target and Buy rating on the shares.
March 17, 2015
07:13 EDTTKRBofA/Merrill to hold a conference
Global Industrials & EU Autos Conference 2015 to be held in London, England on March 17-20.
06:03 EDTGBXGreenbrier announces orders for 10,100 railcars valued at $1.09B
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