Boston, MA 02/10/2014 (wallstreetpr) – DryShips Inc. (NASDAQ:DRYS): After a lengthy period of discouraging news in the dry shipping industry, things seem to be reserving and DRYS can be seen adjusting alongside. The stock had a series of gains last week whereby it concluded the Friday’s session with 6.7 percent gain, adding 23 cents to its value to end up at $3.64 per share. The excitement in dry shipping stocks was tipped off by the news of biggest one day rally at the Baltic Dry Index (BDI), a rare occurrence in many weeks. The upward trajectory seen in the index suggests that DryShips Inc. (NASDAQ:DRYS) could start experience a lift in its earnings and cash flow.
Corning Incorporated (NYSE:GLW) has inked an agreement with SnapCab that would allow integration of Gorilla Glass into its modular elevator systems, the company announced in a news release. GLW also disclosed that combining the easy-to-install system from SnapCab and the proven durability of Gorilla Glass will offer customers a top product that saves time and money, while remaining an outstanding feature. Basically, under the agreement, SnapCab will design Gorilla Glass into its wall-panel systems to be used in residential and commercial elevators. Corning Incorporated (NYSE:GLW) disclosed that its Gorilla Glass has been designed into product models numbering more than 2,400 and features in 2 billion devices.
The Coca-Cola Company (NYSE:KO) has taken over the operations of a bottling plant on Hawkins Avenue, Sanford, which has been in the hands of a private equity firm. The bottle plant that KO has purchased has been running for about 108 years and this deal marks the first time it is falling to the hands KO, whose brands it has been bottling and distributing. The financial details of the transaction were not disclosed and may not be disclosed anyway, according to a KO spokesman. The Coca-Cola Company (NYSE:KO) also purchased another bottling plant in Virginia from a Chicago-based private equity company called Arbor Investments.
