Peoria Police Chief Steve Stettingsgaard has stepped down to take a job with Caterpillar, Inc. (NYSE:CAT) While his entire tenure at the head of the PPD has been marked with controversy, there’s no doubt this latest incident played a part in convincing him to exit the law enforcement business. Caterpillar Inc. (NYSE:CAT) stock opened today at $106.50 and is currently trading at $106.23. The stock showed a negative weekly performance of -1.30%.
General Electric Company (NYSE:GE) recently announced some major changes in its management, including some organizational restructuring. Plagued by declining revenues in the Healthcare and Capital segment in the last reported quarter, the company expects this restructuring initiative to achieve organic growth and operational excellence. General Electric Company (NYSE:GE) stock opened at $26.95, in current trading session and currently is at $26.93, by losing -0.39%. The 52 week range of $22.76 – $28.09. Company’s market capitalization is 270.10 billion.
On June 9, 2014, Adept Technology, Inc. (NASDAQ:ADEP) entered into a Loan and Security Agreement (the “Loan and Security Agreement”) with Comerica Bank (“Comerica”) to replace its existing line of credit with Silicon Valley Bank. Adept Technology Inc. (NASDAQ:ADEP) stock is currently trading at $11.13. The EPS of the stock is -0.05. Company’s market capitalization is 145.28 million.
MKS Instruments Inc. (NASDAQ:MKSI) issued an update on its second quarter earnings guidance on 9 June Monday morning. The company provided earnings per share (EPS) guidance of $0.21-0.35 for the period, compared to the Thomson Reuters consensus estimate of $0.28, Analyst RN reports. The company issued revenue guidance of $160-180 million, compared to the consensus revenue estimate of $171.25 million. MKS Instruments, Inc. (NASDAQ:MKSI) stock opened the session at $29.59, and now is at $29.52. The 52 week range of the MKS Instruments, Inc. (NASDAQ:MKSI) stock remained $24.71 – $32.50 and the day range was $29.49 – $29.74.
Tulsa-based Matrix Service Co. (NASDAQ:MTRX) engineers and builds infrastructure, mainly for the energy industry. Of course, things have been pretty good for businesses that do business with energy. Matrix also announced last week it had secured a $30 million contract with a fertilizer producer. Matrix Service Co (NASDAQ:MTRX) stock opened today at $37.19 and is currently trading at $37.09. The stock showed a positive weekly performance of 11.84%.