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Stock Market & Financial Investment News

News Breaks
January 9, 2013
07:42 EDTHUBB, AYIHubbell shares should be bought following yesterday's drop, says Oppenheimer
After Hubbell's (HUBB) stock dropped yesterday due to weaker than expected results from its peer Acuity Brands (AYI), Oppenheimer doesn't believe that Acuity's shortfall indicates that Hubbell will also miss expectations. The firm thinks that Hubbell has several positive catalysts, and it maintains an Outperform rating on the shares.
News For HUBB;AYI From The Last 14 Days
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October 20, 2014
09:04 EDTAYIAcuity Brands builds engineering facility in Decatur, GA
Acuity Brands announced it will build an engineering and technology center at a site it owns in Decatur, Georgia, and will invest in facility upgrades at its complex in Conyers Georgia, as part of a plan to enhance a workplace that will drive innovation and technology advances. In the Decatur project, the Company will retrofit an existing 167,000 square-foot building to become its new Engineering and Technology Center. The building, located at One Lithonia Way, will undergo a total transformation that will incorporate leading workplace design, technology and systems into the new facility. The goal is to continue to provide and accelerate an open work environment that enhances collaboration, sparks innovation, and helps associates bring new technologies even more quickly to market. The $11 million project will begin immediately, with completion scheduled for mid-2015. Acuity Brands will relocate approximately 200 software and electrical engineers, technologists and support staff to the new Decatur facility from its Conyers location once construction is completed. In Conyers, beginning later this year and over the next several years, Acuity Brands will make significant investments in redesigning and retrofitting the four main buildings on its campus to include open workspace design, new infrastructure and enabling technologies, as well as new furnishings.

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