N S K Ltd ADR (NPSKY) 20.4950 $NPSKY
Reliance Steel's Q1 Earnings Miss, Shares Slip - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Apr 28, 8:10AM CDT
Reliance Steel's (RS) first-quarter earnings missed the Zacks Consensus Estimate but sales beat.
AK Steel Posts Wider Loss in Q1 - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Apr 23, 10:50AM CDT
Steel maker AK Steel Holding Corporation posted a net loss of $86.1 million or 63 cents per share in first-quarter 2014 compared with a loss of $9.9 million or 7 cents per share in the year-ago quarter.
CIRCOR International (CIR) Jumps: Stock Rises 9.7% - Tale of the Tape
Zacks Equity Research - Zacks Investment Research - Wed Apr 23, 7:30AM CDT
CIRCOR International was a big mover last session, as its shares rose nearly 10% on the day.
Forbes Energy Services Ltd. (FES) Soars: Stock Adds 11% in Session - Tale of the Tape
Zacks Equity Research - Zacks Investment Research - Tue Apr 22, 7:30AM CDT
Forbes Energy Services was a big mover last session, as the company saw its shares rise over 11% on the day.
Updated Research Report on ArcelorMittal - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Apr 15, 12:20PM CDT
We have issued an updated research report on steel maker ArcelorMittal.
Allegheny Hits New 52-Week High - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Apr 15, 10:40AM CDT
Shares of Allegheny Technologies reached a new 52-week high of $40.94 on Apr 14, above its previous high of $39.94. The stock closed the day at $40.61.
Balanced View on AK Steel - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Fri Apr 04, 12:40PM CDT
We have issued an updated research report on steel maker AK Steel.
Global Electric Power Steering Market 2012-2016 with Mitsubishi Electric Corp., TRW Automotive Holdings Corp, and ZF Friedrichshafen AG. Dominating
M2 - Fri Mar 14, 7:07AM CDT
Research and Markets (http://www.researchandmarkets.com/research/q46m9k/global_electric) has announced the addition of the "Global Electric Power Steering Market 2012-2016" report to their offering. The Global Electric Power Steering market is expected to grow at a CAGR of 13.44 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing demand for fuel efficiency. The Global Electric Power Steering market has also been witnessing the growing potential in the emerging markets. However, the high cost of electric power steering systems could pose a challenge to the growth of this market. The key vendors dominating this market space are JTEKT Corp., Mitsubishi Electric Corp., TRW Automotive Holdings Corp, and ZF Friedrichshafen AG. The other vendors mentioned in the report are Nexteer Automotive, China Automotive Systems Inc., Mando Corp., Martinrea International Inc., NSK Ltd., Delphi Automotive LLP, Continental AG, Sona Koyo Steering Systems, Showa Corporation, ThyssenKrupp AG, Federal Mogul Corp., and Robert Bosch GmbH. The following companies as the key players in the Global Electric Power Steering Market: TRW Automotive Holdings Corp. (TRW), JTEKT Corp., Mitsubishi Electric Corp. and ZF Friedrichshafen AG. Commenting on the report, an analyst from the researchers' team said: 'The fast-paced growth in emerging economies offers huge potential for the Global Electric Power Steering market. Despite the global economic slowdown, growth in APAC region (particularly China and India) has been robust. This has been primarily due to the massive fiscal stimulus package in China and to India's skillful macroeconomic management. In the coming years, growth prospects are expected to develop in BRIC, while developed countries are expected to witness static sales or a fall in sales. Due to the high level of competition and the presence of several saturated markets most of the global automotive firms have shifted their focus to the APAC region and BRIC for new growth avenues, which will lead to opportunities for various automotive products and solutions, such as electric power steering systems, in emerging markets.' For more information visit http://www.researchandmarkets.com/research/q4...l_electric About Research and Markets Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Global Automotive Needle Roller Bearing Market Forecasts & Opportunities, 2018
M2 - Mon Mar 10, 9:55AM CDT
Research and Markets (http://www.researchandmarkets.com/research/9wcxtr/global_automotive) has announced the addition of the "Global Automotive Needle Roller Bearing Market Forecasts & Opportunities, 2018" report to their offering. The increasing demand for bearings from emerging economies is one of the major drivers in the Global Automotive Needle Roller Bearing market. The countries from emerging geographies across the globe such as the APAC region, the Middle East, Africa, and South America are generating a huge demand for various types of bearings. In contrast, the market in developed countries is moving toward the mature phase. For instance, the US, Japan, and Germany are some of the key leading countries in the market. However, the markets in these countries are growing at a slow rate and moving toward the mature phase. Therefore, bearings manufacturers are focusing more on developing countries such as China, India, Thailand, Brazil, Malaysia and the Republic of Korea. According to the report, one of the main drivers in this market is the growing Global Automotive Bearing market. The increasing demand for bearings in automobiles has a direct positive influence on the demand for automotive bearings resulting in the growth of the Global Automotive Needle Roller Bearing market. Further, the report states that one of the main challenges in this market is the recent economic slowdown in Europe, which has affected the overall sales of automobiles and, in turn, the Global Automotive Needle Roller Bearing market. The key vendors dominating this market space are: - JTEKT Corp. - NSK Ltd - Schaeffler Technologies AG & Co KG - Svenska Kullagerfabriken AB. Key Topics Covered: 01. Executive Summary 02. List of Abbreviations 03. Scope of the Report 04. Market Research Methodology 05. Introduction 06. Market Landscape 07. Geographical Segmentation 08. Buying Criteria 09. Market Growth Drivers 10. Drivers and their Impact 11. Market Challenges 12. Impact of Drivers and Challenges 13. Market Trends 14. Trends and their Impact 15. Vendor Landscape 16. Key Vendor Analysis For more information visit http://www.researchandmarkets.com/research/9w...automotive
Global Automotive Bearing Market Report 2014-2018 with NSK, Schaeffler Tech, Svenska Kullagerfabriken & Timken Dominating
M2 - Wed Feb 26, 10:05AM CST
Research and Markets (http://www.researchandmarkets.com/research/tz67h2/global_automotive) has announced the addition of the "Global Automotive Bearing Market 2014-2018" report to their offering. One of the emerging trends in the Global Automotive Bearing market is the increasing development of integrated bearings, which are bearings without a surface. In these types of bearings the surrounding parts work as an integral part of the bearing design. Many bearings manufacturers are developing integrated bearings to reduce the number of components in the final assembled product. Also, these integrated bearings help to reduce equipment costs because they are more reliable, easy to install, and weigh less than other types of bearings. According to the report, one of the main drivers in this market is the growing Global Motorcycle market. The increasing demand for motorcycles has direct positive influence on the demand for automotive bearings resulting in the growth of the Global Automotive Bearing market. Further, the report states that one of the main challenges in this market is the recent financial crisis in Europe, which has affected the overall sales of automobiles and in turn, the Global Automotive Bearing market. The key vendors dominating this market space are: - NSK Ltd. - Schaeffler Technologies AG & Co. KG - Svenska Kullagerfabriken AB - Timken Co. Other vendors mentioned in the report are: - C&U Group - Harbin Bearing Manufacturing Co. Ltd. - JTEKT Corp. - Minebea Co. Ltd. - Nachi-Fujikoshi Corp. - NTN Corp. - Wafangdian Bearing Group Corp - Xiangyang Automobile Bearing Co. Ltd. Key Topics Covered: 01. Executive Summary 02. List of Abbreviations 03. Scope of the Report 04. Market Research Methodology 05. Introduction 06. Market Landscape 07. Market Segmentation by Customers 08. Geographical Segmentation 09. Buying Criteria 10. Market Growth Drivers 11. Drivers and their Impact 12. Market Challenges 13. Impact of Drivers and Challenges 14. Market Trends 15. Trends and their Impact 16. Vendor Landscape 17. Key Vendor Analysis For more information visit http://www.researchandmarkets.com/research/tz...automotive
Reliance Steel Misses on Earnings & Revs, Net Skids - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Fri Feb 21, 10:00AM CST
Reliance Steel's fourth-quarter revenues and earnings fell short of Zacks Consensus Estimates.
Kerosene Subsidy a Scam - -Sanusi
by Omoh Gabriel - All Africa Global Media - Wed Feb 05, 3:11AM CST
The Governor of the Central Bank of Nigeria, CBN, Mr. Sanusi Lamido Sanusi yesterday described the kerosene subsidy claim by NNPC as a scam saying that claims by the Nigerian National Petroleum Corporation, NNPC, of spending money on kerosene subsidy are not credible.
Japanese Bearings Manufacturer Fined $4.5 Million
Marketwire - Thu Jan 30, 12:11PM CST
Competition Bureau
Global Automotive Bearing Market 2014-2018 - Driven by the Growing Motorcycle Market
M2 - Thu Dec 12, 11:06AM CST
Research and Markets (http://www.researchandmarkets.com/research/ql46mx/global_automotive) has announced the addition of the "Global Automotive Bearing Market 2014-2018" report to their offering. The Global Automotive Bearing market to grow at a CAGR of 7.42 percent over the period 2014-2018. One of the main drivers in this market is the growing Global Motorcycle market. The increasing demand for motorcycles has direct positive influence on the demand for automotive bearings resulting in the growth of the Global Automotive Bearing market. One of the emerging trends in the Global Automotive Bearing market is the increasing development of integrated bearings, which are bearings without a surface. In these types of bearings the surrounding parts work as an integral part of the bearing design. Many bearings manufacturers are developing integrated bearings to reduce the number of components in the final assembled product. Also, these integrated bearings help to reduce equipment costs because they are more reliable, easy to install, and weigh less than other types of bearings. Further, the report states that one of the main challenges in this market is the recent financial crisis in Europe, which has affected the overall sales of automobiles and in turn, the Global Automotive Bearing market. The key vendors dominating this market space are: - NSK Ltd. - Schaeffler Technologies AG & Co. KG - Svenska Kullagerfabriken AB - Timken Co. Key Topics Covered: 01. Executive Summary 02. List of Abbreviations 03. Scope of the Report 04. Market Research Methodology 05. Introduction 06. Market Landscape 07. Market Segmentation by Customers 08. Geographical Segmentation 09. Buying Criteria 10. Market Growth Drivers 11. Drivers and their Impact 12. Market Challenges 13. Impact of Drivers and Challenges 14. Market Trends 15. Trends and their Impact 16. Vendor Landscape 17. Key Vendor Analysis For more information visit http://www.researchandmarkets.com/research/ql...automotive
NN Inc. Hits a New 52-Week High - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Dec 03, 12:40PM CST
Shares of NN Inc. (NNBR) touched a new 52-week high of $20.48 during its trading session on Dec 2. This denotes an increase over the previous high of $20.09 reached on Nov 29.
Haynes Down to Strong Sell - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Dec 02, 10:40AM CST
Zacks Investment Research has downgraded Haynes to a Zacks Rank #5 (Strong Sell).
ArcelorMittal Retains Neutral Rec - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Nov 27, 5:15PM CST
We have reiterated our Neutral recommendation on steel giant ArcelorMittal.
Haynes Q4 Earnings Fall, Shares Down - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Nov 26, 3:53PM CST
Metal alloys maker Haynes International, Inc. posted fourth-quarter fiscal 2013 (ended Sep 30, 2013). earnings of 32 cents per share, flat with the Zacks Consensus Estimate, but down 69% from $1.04 in the year ago quarter.
SWK Offers Equity Units & Debentures - Analyst Blog
Payal Jalan - Zacks Investment Research - Tue Nov 26, 12:40PM CST
In two separate announcements yesterday, Stanley Black & Decker Inc. announced its intention to sell Equity Units and priced fixed-to-floating rate debentures. Net proceeds generated from the offering will be used by the company for general corporate purposes.
Reliance Steel's Q1 Earnings Miss, Shares Slip - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Apr 28, 8:10AM CDT
Reliance Steel's (RS) first-quarter earnings missed the Zacks Consensus Estimate but sales beat.
AK Steel Posts Wider Loss in Q1 - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Apr 23, 10:50AM CDT
Steel maker AK Steel Holding Corporation posted a net loss of $86.1 million or 63 cents per share in first-quarter 2014 compared with a loss of $9.9 million or 7 cents per share in the year-ago quarter.
CIRCOR International (CIR) Jumps: Stock Rises 9.7% - Tale of the Tape
Zacks Equity Research - Zacks Investment Research - Wed Apr 23, 7:30AM CDT
CIRCOR International was a big mover last session, as its shares rose nearly 10% on the day.
Forbes Energy Services Ltd. (FES) Soars: Stock Adds 11% in Session - Tale of the Tape
Zacks Equity Research - Zacks Investment Research - Tue Apr 22, 7:30AM CDT
Forbes Energy Services was a big mover last session, as the company saw its shares rise over 11% on the day.
Updated Research Report on ArcelorMittal - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Apr 15, 12:20PM CDT
We have issued an updated research report on steel maker ArcelorMittal.
Allegheny Hits New 52-Week High - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Apr 15, 10:40AM CDT
Shares of Allegheny Technologies reached a new 52-week high of $40.94 on Apr 14, above its previous high of $39.94. The stock closed the day at $40.61.
Balanced View on AK Steel - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Fri Apr 04, 12:40PM CDT
We have issued an updated research report on steel maker AK Steel.
Global Electric Power Steering Market 2012-2016 with Mitsubishi Electric Corp., TRW Automotive Holdings Corp, and ZF Friedrichshafen AG. Dominating
M2 - Fri Mar 14, 7:07AM CDT
Research and Markets (http://www.researchandmarkets.com/research/q46m9k/global_electric) has announced the addition of the "Global Electric Power Steering Market 2012-2016" report to their offering. The Global Electric Power Steering market is expected to grow at a CAGR of 13.44 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing demand for fuel efficiency. The Global Electric Power Steering market has also been witnessing the growing potential in the emerging markets. However, the high cost of electric power steering systems could pose a challenge to the growth of this market. The key vendors dominating this market space are JTEKT Corp., Mitsubishi Electric Corp., TRW Automotive Holdings Corp, and ZF Friedrichshafen AG. The other vendors mentioned in the report are Nexteer Automotive, China Automotive Systems Inc., Mando Corp., Martinrea International Inc., NSK Ltd., Delphi Automotive LLP, Continental AG, Sona Koyo Steering Systems, Showa Corporation, ThyssenKrupp AG, Federal Mogul Corp., and Robert Bosch GmbH. The following companies as the key players in the Global Electric Power Steering Market: TRW Automotive Holdings Corp. (TRW), JTEKT Corp., Mitsubishi Electric Corp. and ZF Friedrichshafen AG. Commenting on the report, an analyst from the researchers' team said: 'The fast-paced growth in emerging economies offers huge potential for the Global Electric Power Steering market. Despite the global economic slowdown, growth in APAC region (particularly China and India) has been robust. This has been primarily due to the massive fiscal stimulus package in China and to India's skillful macroeconomic management. In the coming years, growth prospects are expected to develop in BRIC, while developed countries are expected to witness static sales or a fall in sales. Due to the high level of competition and the presence of several saturated markets most of the global automotive firms have shifted their focus to the APAC region and BRIC for new growth avenues, which will lead to opportunities for various automotive products and solutions, such as electric power steering systems, in emerging markets.' For more information visit http://www.researchandmarkets.com/research/q4...l_electric About Research and Markets Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Global Automotive Needle Roller Bearing Market Forecasts & Opportunities, 2018
M2 - Mon Mar 10, 9:55AM CDT
Research and Markets (http://www.researchandmarkets.com/research/9wcxtr/global_automotive) has announced the addition of the "Global Automotive Needle Roller Bearing Market Forecasts & Opportunities, 2018" report to their offering. The increasing demand for bearings from emerging economies is one of the major drivers in the Global Automotive Needle Roller Bearing market. The countries from emerging geographies across the globe such as the APAC region, the Middle East, Africa, and South America are generating a huge demand for various types of bearings. In contrast, the market in developed countries is moving toward the mature phase. For instance, the US, Japan, and Germany are some of the key leading countries in the market. However, the markets in these countries are growing at a slow rate and moving toward the mature phase. Therefore, bearings manufacturers are focusing more on developing countries such as China, India, Thailand, Brazil, Malaysia and the Republic of Korea. According to the report, one of the main drivers in this market is the growing Global Automotive Bearing market. The increasing demand for bearings in automobiles has a direct positive influence on the demand for automotive bearings resulting in the growth of the Global Automotive Needle Roller Bearing market. Further, the report states that one of the main challenges in this market is the recent economic slowdown in Europe, which has affected the overall sales of automobiles and, in turn, the Global Automotive Needle Roller Bearing market. The key vendors dominating this market space are: - JTEKT Corp. - NSK Ltd - Schaeffler Technologies AG & Co KG - Svenska Kullagerfabriken AB. Key Topics Covered: 01. Executive Summary 02. List of Abbreviations 03. Scope of the Report 04. Market Research Methodology 05. Introduction 06. Market Landscape 07. Geographical Segmentation 08. Buying Criteria 09. Market Growth Drivers 10. Drivers and their Impact 11. Market Challenges 12. Impact of Drivers and Challenges 13. Market Trends 14. Trends and their Impact 15. Vendor Landscape 16. Key Vendor Analysis For more information visit http://www.researchandmarkets.com/research/9w...automotive
Global Automotive Bearing Market Report 2014-2018 with NSK, Schaeffler Tech, Svenska Kullagerfabriken & Timken Dominating
M2 - Wed Feb 26, 10:05AM CST
Research and Markets (http://www.researchandmarkets.com/research/tz67h2/global_automotive) has announced the addition of the "Global Automotive Bearing Market 2014-2018" report to their offering. One of the emerging trends in the Global Automotive Bearing market is the increasing development of integrated bearings, which are bearings without a surface. In these types of bearings the surrounding parts work as an integral part of the bearing design. Many bearings manufacturers are developing integrated bearings to reduce the number of components in the final assembled product. Also, these integrated bearings help to reduce equipment costs because they are more reliable, easy to install, and weigh less than other types of bearings. According to the report, one of the main drivers in this market is the growing Global Motorcycle market. The increasing demand for motorcycles has direct positive influence on the demand for automotive bearings resulting in the growth of the Global Automotive Bearing market. Further, the report states that one of the main challenges in this market is the recent financial crisis in Europe, which has affected the overall sales of automobiles and in turn, the Global Automotive Bearing market. The key vendors dominating this market space are: - NSK Ltd. - Schaeffler Technologies AG & Co. KG - Svenska Kullagerfabriken AB - Timken Co. Other vendors mentioned in the report are: - C&U Group - Harbin Bearing Manufacturing Co. Ltd. - JTEKT Corp. - Minebea Co. Ltd. - Nachi-Fujikoshi Corp. - NTN Corp. - Wafangdian Bearing Group Corp - Xiangyang Automobile Bearing Co. Ltd. Key Topics Covered: 01. Executive Summary 02. List of Abbreviations 03. Scope of the Report 04. Market Research Methodology 05. Introduction 06. Market Landscape 07. Market Segmentation by Customers 08. Geographical Segmentation 09. Buying Criteria 10. Market Growth Drivers 11. Drivers and their Impact 12. Market Challenges 13. Impact of Drivers and Challenges 14. Market Trends 15. Trends and their Impact 16. Vendor Landscape 17. Key Vendor Analysis For more information visit http://www.researchandmarkets.com/research/tz...automotive
Reliance Steel Misses on Earnings & Revs, Net Skids - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Fri Feb 21, 10:00AM CST
Reliance Steel's fourth-quarter revenues and earnings fell short of Zacks Consensus Estimates.
Kerosene Subsidy a Scam - -Sanusi
by Omoh Gabriel - All Africa Global Media - Wed Feb 05, 3:11AM CST
The Governor of the Central Bank of Nigeria, CBN, Mr. Sanusi Lamido Sanusi yesterday described the kerosene subsidy claim by NNPC as a scam saying that claims by the Nigerian National Petroleum Corporation, NNPC, of spending money on kerosene subsidy are not credible.
Japanese Bearings Manufacturer Fined $4.5 Million
Marketwire - Thu Jan 30, 12:11PM CST
Competition Bureau
Global Automotive Bearing Market 2014-2018 - Driven by the Growing Motorcycle Market
M2 - Thu Dec 12, 11:06AM CST
Research and Markets (http://www.researchandmarkets.com/research/ql46mx/global_automotive) has announced the addition of the "Global Automotive Bearing Market 2014-2018" report to their offering. The Global Automotive Bearing market to grow at a CAGR of 7.42 percent over the period 2014-2018. One of the main drivers in this market is the growing Global Motorcycle market. The increasing demand for motorcycles has direct positive influence on the demand for automotive bearings resulting in the growth of the Global Automotive Bearing market. One of the emerging trends in the Global Automotive Bearing market is the increasing development of integrated bearings, which are bearings without a surface. In these types of bearings the surrounding parts work as an integral part of the bearing design. Many bearings manufacturers are developing integrated bearings to reduce the number of components in the final assembled product. Also, these integrated bearings help to reduce equipment costs because they are more reliable, easy to install, and weigh less than other types of bearings. Further, the report states that one of the main challenges in this market is the recent financial crisis in Europe, which has affected the overall sales of automobiles and in turn, the Global Automotive Bearing market. The key vendors dominating this market space are: - NSK Ltd. - Schaeffler Technologies AG & Co. KG - Svenska Kullagerfabriken AB - Timken Co. Key Topics Covered: 01. Executive Summary 02. List of Abbreviations 03. Scope of the Report 04. Market Research Methodology 05. Introduction 06. Market Landscape 07. Market Segmentation by Customers 08. Geographical Segmentation 09. Buying Criteria 10. Market Growth Drivers 11. Drivers and their Impact 12. Market Challenges 13. Impact of Drivers and Challenges 14. Market Trends 15. Trends and their Impact 16. Vendor Landscape 17. Key Vendor Analysis For more information visit http://www.researchandmarkets.com/research/ql...automotive
NN Inc. Hits a New 52-Week High - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Dec 03, 12:40PM CST
Shares of NN Inc. (NNBR) touched a new 52-week high of $20.48 during its trading session on Dec 2. This denotes an increase over the previous high of $20.09 reached on Nov 29.
Haynes Down to Strong Sell - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Dec 02, 10:40AM CST
Zacks Investment Research has downgraded Haynes to a Zacks Rank #5 (Strong Sell).
ArcelorMittal Retains Neutral Rec - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Nov 27, 5:15PM CST
We have reiterated our Neutral recommendation on steel giant ArcelorMittal.
Haynes Q4 Earnings Fall, Shares Down - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Nov 26, 3:53PM CST
Metal alloys maker Haynes International, Inc. posted fourth-quarter fiscal 2013 (ended Sep 30, 2013). earnings of 32 cents per share, flat with the Zacks Consensus Estimate, but down 69% from $1.04 in the year ago quarter.
SWK Offers Equity Units & Debentures - Analyst Blog
Payal Jalan - Zacks Investment Research - Tue Nov 26, 12:40PM CST
In two separate announcements yesterday, Stanley Black & Decker Inc. announced its intention to sell Equity Units and priced fixed-to-floating rate debentures. Net proceeds generated from the offering will be used by the company for general corporate purposes.
