Active Stocks: The Blackstone Group L.P. (NYSE:BX); TRW Automotive Holdings Corp. (NYSE:TRW); 21Vianet Group Inc (NASDAQ:VNET)
Dallas, Texas, 09/24/2014 (ustrademedia) – The Blackstone Group L.P. (NYSE:BX) analysts have pointed out yesterday that in its opinion, the bond investors have moved in too fast in taking positions which predicate that the European Central Bank will continue to buy sovereign debt in its attempt to build up its balance sheet. In his press briefing yesterday, The Blackstone Group L.P. (NYSE:BX) analyst Owen Murfin has estimated that the ECB attempt to build up its balance sheet by an additional $1.29 trillion will not necessarily facilitate a big increase in the banks coming forward to take advantage of the cheap loans on offer in the prevailing weak economic scenario.
Automotive supplier TRW Automotive Holdings Corp. (NYSE:TRW) announced yesterday that it has inked a multiyear, long term agreement with German automotive giant Daimler AG (USA) (OTCMKTS:DDAIF) fully owned unit Daimler Trucks North America. The agreement provides for TRW Automotive Holdings Corp. (NYSE:TRW) to supply the German truck maker with steering system for all its various truck lines. The steering system would be incorporated into the truck chassis of “Freightliner, Western Star, Thomas Built Bus, and Freightliner” trucks. The other automotive equipment which would be supplied as part of the contract is “steering gears, pitman arms, linkages, columns and pumps.”
Embattled data storage services provider 21Vianet Group Inc (NASDAQ:VNET) and International Business Machines Corp. (NYSE:IBM) made a joint announcement yesterday that they are collaborating to launch IBM Cloud Managed Services in the Chinese market. The two tech firms hope to enable the local business community to leverage the cloud infrastructure to grow their business. International Business Machines Corp. (NYSE:IBM) had zeroed in on 21Vianet Group Inc (NASDAQ:VNET) as its implementation partner for the Managed Services offering. The two firms would be working towards meeting stringent service-level agreements that are set forth in its managed infrastructure service offerings.