Friday, November 15, 2019
All News
Arconic Monetizes Majority of Stake in Alcoa Corporation
February 15, 2017
NEW YORK--(BUSINESS WIRE)--Arconic Inc. (NYSE:ARNC) today announced that it has monetized more than 60 percent of the 36,311,767 shares it retained in Alcoa Corporation. The sale of 23,353,000 Alcoa Corporation shares will result in approximately $890 million in proceeds. The proceeds bolster the Company’s cash balance, which provides
Analog Devices Reports Strong Start to Fiscal Year 2017
February 15, 2017
NORWOOD, Mass.--(BUSINESS WIRE)--Analog Devices, Inc. (NASDAQ: ADI), today announced financial results for its first quarter of fiscal year 2017, which ended January 28, 2017. “We have started 2017 with strong and broad-based momentum in our business,” said Vincent Roche, President and CEO. “Our strategy to focus on sustainable
H&E Equipment Services Reports Quarterly Cash Dividend
February 15, 2017
BATON ROUGE, La.--(BUSINESS WIRE)--H&E Equipment Services, Inc. (NASDAQ: HEES) today announced that its Board of Directors declared a regular quarterly cash dividend to be paid to its stockholders. The Company announced a quarterly cash dividend of $0.275 per share of common stock to be paid on March 10, 2017 for stockholders of record as of
Redkite wide-area sensor takes first flight with Insitu Integrator
February 15, 2017
FAIRFAX, Va.--(BUSINESS WIRE)--Logos Technologies and Insitu, a subsidiary of The Boeing Company, are proud to announce the successful initial flight test of the Redkite wide-area sensor aboard the Integrator small tactical unmanned aircraft. Conducted early this month in Boardman, Ore., the test marks the first time a wide-area motion imagery
DigitalGlobe Announces Launch of SecureWatch™, Advancing Mission Preparedness and Success When
February 15, 2017
WESTMINSTER, Colo.--(BUSINESS WIRE)--DigitalGlobe, Inc. (NYSE: DGI), the global leader in Earth imagery and information about our changing planet, today announced the launch of a new product, SecureWatch, optimized for International Defense and Intelligence customers. SecureWatch is a web-based subscription service that gives intelligence agencies
Valmie (VMRI) Inks MOU to Explore Partnering Agreement with Industry-Leading UAS Manufacturer
February 15, 2017
HOUSTON--(BUSINESS WIRE)--Valmie Resources Inc. (OTCBB: VMRI) announces it has signed a Memorandum of Understanding (MOU) with ALTI UAS to explore establishing a distributorship whereby Valmie will serve as the primary and preferred distributor of all ALTI products in the U.S. This relationship may take the form of a joint venture agreement,
Gabelli & Company’s Waste & Environmental Services Symposium
February 15, 2017
RYE, N.Y.--(BUSINESS WIRE)--Gabelli & Company will host its 3rd Annual Waste & Environmental Services Symposium on March 16th, 2017 in New York City. This research meeting will feature presentations and fireside chats with senior management of several publicly traded solid waste companies. Institutional investors should contact their
EnPro Industries Raises Quarterly Dividend
February 15, 2017
CHARLOTTE, N.C.--(BUSINESS WIRE)--EnPro Industries, Inc. (NYSE: NPO) yesterday declared a quarterly dividend of $0.22 per share which is a 5% increase from the previous quarterly dividends of $0.21 per share paid. The dividend is payable March 15, 2017 to shareholders of record as of the close of business on March 1, 2017. “This increase in
Hitachi Zosen Receives First Order for Marine SCR System Compliant with Tier III NOx Emission
February 15, 2017
OSAKA, Japan--(BUSINESS WIRE)--Hitachi Zosen Corporation (TOKYO:7004) has announced that it received an order today from a major Chinese manufacturer of large marine diesel engines, Dalian Marine Diesel Co., Ltd., for two units of a high-pressure selective catalytic reduction (SCR) system. This represents the first commercial order for exhaust gas
Seoul Semiconductor Starts Mass Production of its Patented Filament LEDs
February 15, 2017
MUNICH--(BUSINESS WIRE)--Seoul Semiconductor, a world leader in LED-technology, announced the immediate start of the mass production of its LED Chip-On-Board Package for use in LED filament bulbs, a market currently estimated to be $1.3 billion globally. Mr. Ki-bum Nam, CTO of Seoul Semiconductor, said, “Based on its strong patents, Seoul
Terex Corporation Completes Sale of 7.45 Million Shares of Konecranes Plc
February 15, 2017
WESTPORT, Conn.--(BUSINESS WIRE)--Terex Corporation (NYSE:TEX) today announced it has completed the sale of 7.45 million Class A shares representing 9.5% of the total shares outstanding of Konecranes Plc at a price of EUR 34.50 per share, a 3.25% discount to yesterday’s closing price. Total shares outstanding includes both Class A and Class B
Quest for Better Fuel Economy, Performance Leads Ford to $200 Million Investment in New Wind Tunnel
February 15, 2017
DEARBORN, Mich.--(BUSINESS WIRE)--Consumers’ appetite for vehicles with greater fuel efficiency and performance has led Ford to invest in a new aerodynamic testing complex that will house a next-generation rolling road wind tunnel and state-of-the-art climatic chamber. The new facility will come complete with testing advancements that better
Cementos Pacasmayo S.A.A. Announces Consolidated Results for Fourth Quarter 2016
February 15, 2017
LIMA, Peru--(BUSINESS WIRE)--Cementos Pacasmayo S.A.A. and subsidiaries (NYSE:CPAC; BVL:CPACASC1) (“the Company” or “Cementos Pacasmayo”) a leading cement company serving the growing Peruvian construction industry, announced today its consolidated results for the fourth quarter (“4Q16”) and full year (2016) ended
Celanese Announces LDPE Polymers Price Increase
February 15, 2017
DALLAS--(BUSINESS WIRE)--Celanese Corporation (NYSE: CE), a global technology and specialty materials company, will increase list and off-list selling prices for LDPE polymers. The price increase below will be effective March 1, 2017, as contracts allow.   Product     North and South America       USD/lb   LDPE
The St. Joe Company and the Bay Economic Development Alliance Welcome GKN Aerospace to Venture
February 15, 2017
WATERSOUND, Fla.--(BUSINESS WIRE)--The St. Joe Company (NYSE:JOE) (“St. Joe”) and the Bay Economic Development Alliance (“Bay County EDA”) today announced that one of the world’s largest independent first-tier suppliers to the international aviation industry will expand its operations by locating a new manufacturing
Triumph Group Declares Quarterly Dividend
February 15, 2017
BERWYN, Pa.--(BUSINESS WIRE)--Triumph Group, Inc. (NYSE:TGI) today announced that its Board of Directors has declared a regular quarterly dividend of $0.04 per share on its outstanding common stock. The dividend is payable March 15, 2017 to shareholders of record as of March 1, 2017. About Triumph Group Triumph Group, Inc., headquartered in Berwyn,
Premature Motor Damage Eliminated with New Output Filter
February 15, 2017
Schaffner introduces FN510 output filter for motor drives
Gardner Business Intelligence 2017 Economic Forecast
February 15, 2017
Where the sectors affecting job shops and OEMs are headed economically.
Friedman Industries, Incorporated Announces Third Quarter Results
February 14, 2017
LONGVIEW, Texas--(BUSINESS WIRE)--Friedman Industries, Incorporated (NYSE-MKT; trading symbol: FRD), a Texas-based company engaged in pipe manufacturing, steel coil processing and steel and pipe distribution, announced today its results of operations for the third quarter. For the quarter ended December 31, 2016, the Company recorded a net loss of
Analog Devices Selects Arrow Electronics as Strategic Global Distribution Channel Partner
February 14, 2017
NORWOOD, Mass.--(BUSINESS WIRE)--Analog Devices, Inc. (NASDAQ:ADI) today announced that it has selected Arrow Electronics, Inc. (NYSE:ARW) as its strategic distribution channel partner operating globally. ADI will retain its current regional distributor network but will employ Arrow as its sole global distribution channel partner. The move is aimed
ITT Increases Quarterly Dividend to 12.8 Cents Per Share
February 14, 2017
WHITE PLAINS, N.Y.--(BUSINESS WIRE)--ITT Inc. (NYSE:ITT) announced today that it is increasing its quarterly dividend to 12.8 cents per share on the company’s outstanding stock. The ITT Board of Directors has approved the cash dividend for the first quarter of 2017, which will be payable on April 3, 2017, to shareholders of record as of the
PKF Texas Jointly Releases 2017 Manufacturing Survey with the Leading Edge Alliance
February 14, 2017
HOUSTON--(BUSINESS WIRE)--PKF Texas is pleased to release the results from the 2017 Leading Edge Alliance (LEA Global) National Manufacturing Outlook Survey. This survey was conducted in association with leading accounting firms across the country and the report is a benefit to our clients as part of our efforts to help co-develop the client
Steve Madden Announces Fourth Quarter and Fiscal Year End 2016 Earnings Conference Call
February 14, 2017
LONG ISLAND CITY, N.Y.--(BUSINESS WIRE)--Steve Madden (Nasdaq:SHOO), a leading designer and marketer of fashion-forward footwear and accessories for women, men and children, today announced that the company's conference call to review fourth quarter and fiscal year end 2016 financial results will be broadcast live over the Internet on Tuesday,
OSI Systems Announces Offering of $225 Million in Convertible Senior Notes Due 2022
February 14, 2017
HAWTHORNE, Calif.--(BUSINESS WIRE)--OSI Systems, Inc. (NASDAQ: OSIS) (the “Company”) today announced that it intends to offer, subject to market and other conditions, $225 million principal amount of Convertible Senior Notes due 2022 (the “Notes”) in a private offering to qualified institutional buyers pursuant to Rule 144A
Analog Devices Announces 7 Percent Increase in Quarterly Cash Dividend to $0.45 Per Share;
February 14, 2017
NORWOOD, Mass.--(BUSINESS WIRE)--Analog Devices, Inc. (NASDAQ: ADI) today announced that its Board of Directors has voted to increase its quarterly dividend to $0.45 from $0.42 per outstanding share of common stock. The new dividend rate represents an increase of 7 percent, marking the Company’s 14th dividend increase in the last 13 years.
Tredegar Plans to Release Fourth-Quarter and Full-Year 2016 Financial Results on February 22, 2017
February 14, 2017
RICHMOND, Va.--(BUSINESS WIRE)--Tredegar Corporation (NYSE:TG) plans to release financial results for the fourth quarter and full year of 2016 on February 22, 2017. Tredegar Corporation is a manufacturer of plastic films and aluminum extrusions. A global company headquartered in Richmond, Virginia, Tredegar had 2015 sales of $896 million. With
Cummins Inc. Declares Quarterly Common Stock Dividend
February 14, 2017
COLUMBUS, Ind.--(BUSINESS WIRE)--The Board of Directors of Cummins Inc. (NYSE: CMI) today declared a quarterly common stock cash dividend of 1.025 dollars per share, payable on March 6, 2017, to shareholders of record on February 24, 2017. About Cummins Cummins Inc., a global power leader, is a corporation of complementary business segments that
Twilight Technology and Now Electronics Acquire Semiconductor Technology (STI)
February 14, 2017
ANAHEIM, Calif. & HUNTINGTON, N.Y. & STUART, Fla.--(BUSINESS WIRE)--Twilight Technology and Now Electronics announced the Asset purchase of Semiconductor Technology, Inc. (STI). The assets sold include millions of semiconductor die, which are comprised of NPN & PNP High Voltage Transistors, High Voltage Darlington Transistors, High
Trinseo Brings Synthetic Rubber R&D Experts to Tire Technology Expo
February 14, 2017
HORGEN, Switzerland--(BUSINESS WIRE)--Trinseo (NYSE: TSE), the global materials solution provider and manufacturer of plastics, latex binder and synthetic rubber, will be attending the Tire Technology Expo, Europe's leading international Tire Design and Tire Manufacturing Exhibition and Conference. Exhibition visitors will receive an update on
Ferro Refinances Debt and Expands Capacity to $1 Billion to Enhance Capital Structure and Finance
February 14, 2017
CLEVELAND--(BUSINESS WIRE)--Ferro Corporation (NYSE: FOE, the “Company”), announced today that it has successfully closed on a new $625 million senior-secured term-loan facility and a new $400 million senior-secured revolving credit facility. The Company will use the proceeds of the new term-loan facility primarily to repay outstanding
Proposed Placing of up to 9.5% of the Total Shares Outstanding of Konecranes Plc by Terex
February 14, 2017
WESTPORT, Conn.--(BUSINESS WIRE)--Terex Corporation (NYSE:TEX) today announced its intention to sell up to 9.5% of the total shares outstanding of Konecranes Plc, corresponding to up to 7.45 million Class A Konecranes shares. Total shares outstanding includes both Class A and Class B Konecranes shares but does not include Konecranes treasury
Strong Growth in SUV Segment in China to Boost the Global Automotive Terrain Response System Market
February 14, 2017
LONDON--(BUSINESS WIRE)--Technavio market research analysts forecast the global automotive terrain response system market to grow at a CAGR of more than 11% during the forecast period, according to their latest report. The market study covers the present scenario and growth prospects of the global automotive terrain response system market for
Veeam Strengthens Cloud Availability Dominance
February 14, 2017
BAAR, Switzerland--(BUSINESS WIRE)--In moves furthering its dominance in the Cloud, Veeam® Software, the innovative provider of solutions that deliver Availability for the Always-On Enterprise™, is strengthening its Cloud business with more senior leaders, new innovations and initiatives to ensure its ecosystem of more than
Northern Lights Spirits to Distribute Connected Gin Bottles Featuring Thinfilm’s NFC Technology
February 14, 2017
OSLO, Norway--(BUSINESS WIRE)--Thin Film Electronics ASA (“Thinfilm”) (OSE:THIN.OL), a global leader in NFC (near field communication) mobile marketing solutions using printed electronics, today announced Northern Lights Spirits Ltd. (“NLS”) as a new customer. On February 14, NLS – a Finland-based distiller of
Hostess Brands, Inc. to Present at the 2017 Consumer Analyst Group of New York Conference
February 14, 2017
KANSAS CITY, Mo.--(BUSINESS WIRE)--Hostess Brands, Inc. (NASDAQ: TWNK, TWNKW) (the “Company” or “Hostess”), one of the largest manufacturers and marketers of sweet baked goods including Twinkies®, Ding Dongs®, Ho Hos®, Donettes® and a variety of new and classic treats, today announced that Dean Metropoulos,
SIG Combibloc Group Holdings S.à r.l. 2016 Year End Results
February 14, 2017
LUXEMBOURG--(BUSINESS WIRE)--We are pleased to announce our quarterly conference call to discuss the results of SIG Combibloc Group Holdings S.à r.l. for the year ended 31 December 2016. Date: Monday, February 20, 2017 Time: 15.00 CET / 14.00 GMT / 9.00 EST The call information will be distributed on our secure site. If you would like access
amplify® Winter 2017 Issue Highlights How Promotional Products Support Water Projects
February 14, 2017
OSHKOSH, Wis.--(BUSINESS WIRE)--Students in Mississauga, Ontario, are trying to change the world, one promotional water bottle at a time. The cover story for the Winter 2017 issue of 4imprint® amplify digital magazine tells the inspirational story of students in second and fifth grade at Burnhamthorpe Public School. They are working to remove
GTC Installs Second Dividing Wall Column for Reliance in India
February 14, 2017
HOUSTON--(BUSINESS WIRE)--GTC Technology has supplied its proprietary GT-DWC℠ technology for a second Dividing Wall Column for Reliance Industries Limited (RIL) at the DTA Refinery in Jamnagar, India. The project was unique in that a separation process, previously made by two naphtha splitting towers, was altered to be made in only one of the
General Cable Appoints Shruti Singhal as New European Leader
February 14, 2017
HIGHLAND HEIGHTS, Ky.--(BUSINESS WIRE)--General Cable Corporation (NYSE: BGC) announced today that it has appointed a new leader of its European business. Shruti Singhal will join General Cable on February 27, 2017 as Senior Vice President of General Cable, President of Europe and a member of the company’s Strategic Leadership Team. He will
Molex Introduces Impact™ zX2 Backplane Connector System to Meet High-Speed Application Demands
February 14, 2017
LISLE, Ill.--(BUSINESS WIRE)--Molex has released the Impact™ zX2 Backplane Connector System, featuring industry-leading density and signal integrity (SI) performance, while supporting data rates of up to 28 Gbps in a modular design. The system utilizes Impel™ patented ground shielding and footprint technology to enhance SI performance.
Sterling Construction Company Names Joseph Cutillo President
February 14, 2017
THE WOODLANDS, Texas--(BUSINESS WIRE)--Sterling Construction Company, Inc. (NasdaqGS: STRL) (“Sterling” or “the Company”) today announced that as part of its management development and succession planning process, the Board of Directors has elected Joseph A. Cutillo to the position of President, reporting to Paul Varello,
Indegy Named Best Next Gen ICS/SCADA Security Solution for Second Consecutive Year by Cyber Defense
February 14, 2017
SAN FRANCISCO--(BUSINESS WIRE)--Indegy, the leading industrial cyber security company, today announced it has been named Best Next Gen ICS/SCADA Security Solution by Cyber Defense Magazine (CDM) for a second consecutive year. The company also received the Best Startup award at the recent Internet Manufacturing Conference in Munich. This week, at
Tennant Company Launches New Family of Walk-Behind Scrubbers and Enhanced Web-Based Fleet Management
February 14, 2017
MINNEAPOLIS--(BUSINESS WIRE)--Tennant Company (NYSE: TNC) today introduced its newest family of automatic scrubbers – the Tennant T500, T500e, and Nobles Speed Scrub® 500 – adding to its broad portfolio of commercial floor scrubbers and cleaning solutions. This new family of walk-behind scrubbers enables professional cleaners to
Optimal+ Joins the Industrial Internet Consortium
February 14, 2017
HOLON, Israel & SAN JOSE, Calif.--(BUSINESS WIRE)--Optimal+, the leader in big data analytics for semiconductor and electronics manufacturing operations, today announced it has joined the Industrial Internet Consortium® (IIC), the global, member-supported organization that promotes the accelerated growth of the Industrial Internet of Things
Comtech Telecommunications Corp. Awarded $5.5 Million Follow-on Contract for High-Power SATCOM TWTAs
February 14, 2017
MELVILLE, N.Y.--(BUSINESS WIRE)--February 14, 2017 -- Comtech Telecommunications Corp. (NASDAQ:CMTL) announced today that during its second quarter of fiscal 2017, its Santa Clara, California-based subsidiary, Comtech Xicom Technology Inc., which is part of Comtech’s Commercial Solutions segment, has received a follow-on contract for more
AeroVironment Advances Research with Farmers and University Partners; Adds Multi-Crop Support to Its
February 14, 2017
TULARE, Calif.--(BUSINESS WIRE)--AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems for both military and commercial applications, shared details regarding its ongoing pilot programs, which are entering their third year and have guided development of the AV DSS platform. The company also displays its Quantix™
DigitalGlobe and NTT DATA Corporation Announce Partnership to Expand Usage of Elevation Data
February 14, 2017
WESTMINSTER, Colo. & TOKYO--(BUSINESS WIRE)--DigitalGlobe, Inc. (NYSE: DGI), the global leader in Earth imagery and information about our changing planet, and NTT DATA Corporation (TOKYO: 9613), a leading global IT services provider, today announced the start of an expanded partnership involving the use of elevation data in their respective
Tel-Instrument Electronics Corp. Reports Net Income of $142,000 or $0.04 per Basic Share for the
February 14, 2017
EAST RUTHERFORD, N.J.--(BUSINESS WIRE)--Tel-Instrument Electronics Corp. (“Tel”, “Tel-Instrument” or the “Company”) (NYSE MKT:TIK), a leading designer and manufacturer of avionics test and measurement solutions, today reported its financial results for the third quarter ended December 31, 2016. Highlights for
Thames Water Utilities Awards Contract to Jacobs
February 14, 2017
DALLAS--(BUSINESS WIRE)--Jacobs Engineering Group Inc. (NYSE:JEC) has been selected by Thames Water Utilities Limited in the United Kingdom to provide engineering and environmental consultancy services for the remainder of its existing Asset Management Program (AMP6) operating until 2020. The framework also has options to extend to the end of AMP8
Martin Marietta Reports Record Fourth-Quarter and Full-Year Results; Sees Strong Momentum Carrying
February 14, 2017
RALEIGH, N.C.--(BUSINESS WIRE)--Martin Marietta Materials, Inc. (NYSE: MLM) today reported record results for the fourth-quarter and full-year 2016. For the fourth quarter of 2016, Martin Marietta achieved net sales of $889.0 million compared with $780.8 million in the 2015 fourth quarter; EBITDA was $229.7 million compared with $204.4 million; and