Monday, October 14, 2019
All News
Mechanical Technology Secures $2.74 Million Investment from Brookstone Partners to Support Future
October 24, 2016
ALBANY, N.Y.--(BUSINESS WIRE)--Mechanical Technology, Incorporated (MTI or the Company), (OTCQB: MKTY), a company engaged, through its subsidiary MTI Instruments, Inc., in the design, manufacture and sale of precision test and measurement sensors, instruments and systems that provide solutions for linear displacement, vibration measurement and
Eagle Materials Reports Second Quarter EPS up 112% on Record Revenues
October 24, 2016
DALLAS--(BUSINESS WIRE)--Eagle Materials Inc. (NYSE: EXP) today reported financial results for the second quarter of fiscal 2017 ended September 30, 2016. Notable items for the quarter include (all comparisons, unless otherwise noted, are with the prior year’s second quarter): Company Second Quarter Results Record revenues of $332.7 million,
Gallium Demand to Rise Rapidly through 2020, States Merchant Research & Consulting in Its Report
October 24, 2016
LONDON--(BUSINESS WIRE)--The demand for gallium is set to rise at a rapid pace to 2020 as general illumination shifts away from incandescent-filament and fluorescent lamps to LEDs (light-emitting diodes). In spite of this, the market sees oversupply, with the situation expected to remain so. Between 2010 and 2013 Chinese capacity for production of
VF Reports Third Quarter 2016 Results
October 24, 2016
GREENSBORO, N.C.--(BUSINESS WIRE)--VF Corporation (NYSE: VFC) today reported financial results for its third quarter ended October 1, 2016. All per share amounts are presented on a diluted basis. This release refers to “reported” and “currency neutral” amounts, terms that are described under the “Currency Neutral
Ryder Recognized as Finalist for the Fourth Annual Texas Oil & Gas Awards
October 24, 2016
MIAMI--(BUSINESS WIRE)--Ryder System, Inc. (NYSE: R), a leader in commercial fleet management, dedicated transportation, and supply chain solutions, today announced that it has been named a finalist in the Fourth Annual Texas Oil & Gas Awards, an industry initiative to recognize organizations that are leaders in their fields. Ryder has been
Enamine and FCH Group Collaborate to Extend Compound Library Synthesis Program
October 24, 2016
KIEV, Ukraine--(BUSINESS WIRE)--Enamine Ltd., a chemical company, producer of building blocks and screening libraries, announced today that it has signed a collaboration agreement with small molecule design house FCH Group Ltd (FCH). Under the terms of the agreement, Enamine will supply FCH with non-exclusive reagents, intermediates and chemical
Husqvarna AB: Husqvarna Group and BMZ in Strategic Partnership for Future Battery Development
October 24, 2016
STOCKHOLM--(BUSINESS WIRE)--Husqvarna Group (STO:HUSQB) and BMZ GmbH, a system provider and specialist for intelligent battery solutions, has entered into a Strategic Partnership agreement. The agreement covers development and manufacturing of future generation lithium-ion batteries for Husqvarna Group’s forestry, lawn and garden products. In
HEXPOL: Melker Schörling will resign from his position as chairman of the Board in the spring of
October 24, 2016
STOCKHOLM, Sweden--(BUSINESS WIRE)--Regulatory News: With reference to today's press release from Melker Schörling AB (publ.) HEXPOL want to inform that Melker Schörling will, at the AGM on April 28, 2017, resign from his position as chairman of the Board in HEXPOL AB (publ.). The Nomination Committee will come back with proposal of new
Gunnebo Interim Report January-September 2016
October 24, 2016
GÖTEBORG, Sweden--(BUSINESS WIRE)--Regulatory News: Comments on the third quarter by Gunnebo’s (STO:GUNN) President and CEO, Henrik Lange For the third quarter we report sales of MSEK 1,448 and an operating margin of 7.3%. In addition we have simplified our organisation by integrating production into the relevant product group, and
Melker Schörling will resign as Chairman of Hexagon AB as of the AGM 2017
October 24, 2016
NACKA STRAND, Sweden--(BUSINESS WIRE)--Regulatory News: In light of health issues, Melker Schörling has decided to resign as Chairman of Hexagon AB (STO:HEXAB) as of the Annual General Meeting 2017. The Nomination Committee will propose a successor in conjunction with the notice of the AGM 2017. For more details, please see the press release
Upgraded Honeywell AreaRAE Plus Multi-Threat Monitor
October 24, 2016
Honeywell's AreaRAE Plus multi-threat monitor has been upgraded to include more sensor choices, meteorological monitoring and GPS-enabled location identification of hazards. 
Ducon Sees Increased Activity in India’s FGD Market
October 23, 2016
THANE, India--(BUSINESS WIRE)--(BSE:534674, NSE: DUCON) - Ducon Technologies (I) Pvt. Ltd. (“DTIPL”) announced today that the Company is experiencing increased proposal activity in its Flue Gas Desulfurization (FGD) systems market in India. Aron Govil, Chairman of the Company cited several reasons for this increased activity: (i)
Orbital ATK’s Cygnus Spacecraft Completes Rendezvous and Berthing with International Space Station
October 23, 2016
DULLES, Va.--(BUSINESS WIRE)--Orbital ATK, Inc. (NYSE:OA), a global leader in aerospace and defense technologies, today announced that the S.S. Alan Poindexter CygnusTM spacecraft successfully completed its rendezvous and berthing procedures with the International Space Station earlier today. This marks the company’s sixth successful berthing
B/E Aerospace Third Quarter Results Exceed Expectations; Organic Revenue Growth of 8%; Strong Third
October 23, 2016
WELLINGTON, Fla.--(BUSINESS WIRE)--B/E Aerospace, Inc. (the “Company”) (NASDAQ: BEAV), the world’s leading manufacturer of aircraft cabin interior products, today announced its third quarter 2016 financial results and raised its full year guidance for 2016. On a consolidated GAAP basis, third quarter 2016 revenue organic growth
Rockwell Collins Reports Fourth Quarter Fiscal Year 2016 Results and Provides Fiscal Year 2017
October 23, 2016
CEDAR RAPIDS, Iowa--(BUSINESS WIRE)--Rockwell Collins, Inc. (NYSE:COL) today reported fourth quarter fiscal year 2016 earnings per share from continuing operations increased 14% to $1.58, compared to $1.38 in the prior year. Total sales for the fourth quarter of fiscal year 2016 were $1.45 billion, a 4% increase from the same period in fiscal year
Rockwell Collins to Acquire B/E Aerospace for $8.3 Billion in Total Consideration
October 23, 2016
CEDAR RAPIDS, Iowa & WELLINGTON, Fla.--(BUSINESS WIRE)--Rockwell Collins (NYSE: COL), a global leader in high-integrity solutions for aerospace and defense, and B/E Aerospace (NASDAQ: BEAV), the world’s leading manufacturer of aircraft cabin interior products, today announced that they have entered into a definitive agreement under which
Precision-Geared Products Market to Recover in 2016 After Slowdown
October 23, 2016
Despite the slowdown in 2015, the total market for precision-geared products is estimated to have been worth more than $1.9 billion in revenues in 2015.
Philips Lighting Commemorates Big River Crossing Grand Opening with New Connected Lighting System
October 22, 2016
SOMERSET, N.J.--(BUSINESS WIRE)--Philips Lighting (Euronext Amsterdam ticker:LIGHT), a global leader in lighting, today announced a state-of-the-art connected LED lighting system to be unveiled on the Big River Crossing as the finale of its grand opening celebration on October 22, 2016. Spanning nearly one mile in length, Big River Crossing will be
Richline Group Has Acquired Silpada Designs
October 21, 2016
NEW YORK--(BUSINESS WIRE)--Richline Group, Inc., a wholly owned subsidiary of Berkshire Hathaway, announced today that it has acquired select assets of Silpada Designs, including the “Silpada” brand name, its jewelry designs and all sterling silver and fashion jewelry inventory. Terms of the transaction were not disclosed. From its
Terex Corporation Announces Third Quarter 2016 Financial Results Conference Call
October 21, 2016
WESTPORT, Conn.--(BUSINESS WIRE)--Terex Corporation (NYSE:TEX) will host a one-hour conference call to review its third quarter 2016 financial results on Tuesday, November 1, 2016 at 8:00 a.m. ET. John L. Garrison, Jr., President and Chief Executive Officer, will lead the call. The Company will release its financial results prior to the call. A
Fitch Rates Harsco Corporation's New Credit Facilities 'BB+/RR1'
October 21, 2016
CHICAGO--(BUSINESS WIRE)--Fitch Ratings has assigned an expected rating of 'BB+/RR1' to Harsco Corporation's (Harsco) planned $550 million, seven-year senior secured term loan B facility. Fitch has also affirmed its rating of 'BB+/RR1' on Harsco's senior secured revolver, which is expected to be upsized from $350 million to $400 million with a
Fitch Upgrades Usiminas' IDRs to 'CCC'
October 21, 2016
CHICAGO--(BUSINESS WIRE)--Fitch Ratings has upgraded Usinas Siderurgicas de Minas Gerais S.A.'s (Usiminas) Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) to 'CCC' from 'RD' and its National Scale rating to 'CCC(bra)' from 'RD(bra)'. At the same time, Fitch has upgraded Usiminas' senior unsecured notes to 'CCC/RR4' from
Littelfuse Board of Directors Authorizes Regular Quarterly Dividend Payment
October 21, 2016
CHICAGO--(BUSINESS WIRE)--Littelfuse, Inc., (NASDAQ:LFUS) today announced that its board of directors declared a dividend on the company's common stock of $0.33 per share for the fourth quarter of 2016. The dividend will be paid on December 8, 2016 to shareholders of record as of November 23, 2016. About Littelfuse Founded in 1927, Littelfuse is
Revised Time: October 27 Arconic 2016 Investor Event
October 21, 2016
NEW YORK--(BUSINESS WIRE)--Alcoa Inc. (NYSE:AA) previously announced that future company Arconic will host a global investor webcast on October 27. The time for this event has been revised to 8:00 AM. Details are below. Arconic Global Investor Webcast Thursday, October 27 at 8:00 AM EDT Webcast link: www.alcoa.com/arconicinvestorlaunch At the
Quintech Electronics Elevates Executive Team in Europe
October 21, 2016
FRIEDBERG, Germany--(BUSINESS WIRE)--Quintech Electronics & Communications, Inc. (www.quintechelectronics.com) and DEV Systemtechnik are pleased to announce the promotions of Mr. Rainer Lorger and Mr. Oliver Herzberger each to the position of co-Managing Director for DEV Systemtechnik. Together, they will guide the company, with Mr. Lorger
Musco Lighting to Enhance Lighting Efficiency at Vancouver International Airport with
October 21, 2016
RICHMOND, British Columbia--(BUSINESS WIRE)--Vancouver International Airport (YVR) will set itself apart among the top airports in the world with the installation of a new state-of-the-art LED lighting system, designed by industry leader Musco Lighting, to enhance efficiency and streamline operations. YVR is the second busiest airport in Canada,
AmerisourceBergen, More Than 500 Manufacturers Look to the Future of the Pharmaceutical Industry at
October 21, 2016
DALLAS--(BUSINESS WIRE)--AmerisourceBergen today concluded its two-day annual manufacturer summit, ThinkLive 2016, which brought together more than 500 pharmaceutical manufacturers with AmerisourceBergen experts with the goal of driving collaboration and innovation in the delivery of pharmaceutical care. “Patients, providers and
Disney and Destination Imagination Inspire Fans to Think Outside the Toy Box in Celebration of
October 21, 2016
PASADENA, Calif.--(BUSINESS WIRE)--Disney is inspiring fans to think outside the toy box and help protect the planet in celebration of Walt Disney Animation Studios’ “Moana,” a film about an adventurous teenager who sails out on a daring mission to save her people in theaters November 23. Destination Imagination, Inc., a nonprofit
Iberdrola Mexico Recognizes Mitsubishi Hitachi Power Systems with Outstanding Equipment Provider
October 21, 2016
LAKE MARY, Fla.--(BUSINESS WIRE)--Iberdrola Mexico presented MHPS Americas an Award for Outstanding Equipment Provider at an event held in Mexico City on Oct. 18. The ceremony was attended by industry executives, managers and key employees of Iberdrola Mexico and more than a hundred guests. The Iberdrola Outstanding Equipment Provider
Rockwell Automation to Report Fiscal 2016 Fourth Quarter Results
October 21, 2016
MILWAUKEE--(BUSINESS WIRE)--Rockwell Automation, Inc. (NYSE: ROK) is scheduled to report its fiscal 2016 fourth quarter results on Monday, November 7, before the market opens. The release will be posted on the Rockwell Automation website at www.rockwellautomation.com. A conference call to discuss the quarterly results will be held at 8:30 a.m.
Dura Coat to Showcase High Performance Coatings at METALCON in Baltimore
October 21, 2016
GLEN MILLS, Pa.--(BUSINESS WIRE)--Dura Coat Products Inc., an Axalta Coating Systems (NYSE: AXTA) company, will display its line of premium quality, high performance coil, extrusion and tube coatings at METALCON, the premier trade exhibit bringing together professionals in the metal construction sector, held at the Baltimore Convention Center in
Standex Announces First-Quarter 2017 Financial Results and Business Update Conference Call and
October 21, 2016
SALEM, N.H.--(BUSINESS WIRE)--Standex International Corporation (NYSE: SXI) will announce its first-quarter fiscal 2017 financial results on Friday, October 28, 2016 prior to the open of the market and will broadcast its conference call live over the Internet at 10:00 a.m. ET that day. On the call, David Dunbar, President and CEO, and Thomas
OmniTRAX Logistics Services Acquires Assets of Terracor Group
October 21, 2016
DENVER--(BUSINESS WIRE)--OmniTRAX Logistics Services, LLC (OLS), the transloading, terminal and logistics affiliate of OmniTRAX, Inc., has agreed to acquire all assets of Terracor Group, a frac sand logistics company, including three transload facilities with vertical silo storage in Texas and Montana. Included in the transaction is a high quality
Persistence Pays Off as Austin Haywood is Named Grand Champion of the 2016 Delo Tractor Restoration
October 21, 2016
INDIANAPOLIS--(BUSINESS WIRE)--Chevron Products Company, a Chevron U.S.A. Inc. division, maker of the Delo® brand of technologically advanced engine oils, lubricants and coolants, selected Austin Haywood of Hastings FFA in Hastings, MI for its 2016 Delo Tractor Restoration Competition Grand Champion, during the 21st year of the annual
Norsk Titanium and Clarkson University Launch Initiative to Develop Rapid Plasma Deposition™
October 21, 2016
PLATTSBURGH, N.Y.--(BUSINESS WIRE)--Norsk Titanium AS, the world’s pioneering supplier of aerospace-grade, additive manufactured, structural titanium components today announced that its subsidiary, Norsk Titanium US Inc. has signed a Memorandum of Understanding outlining a strategic relationship with Clarkson University in Potsdam, New York.
Westinghouse Honours UK Apprenticeship and Academic Achievers
October 21, 2016
SPRINGFIELDS, England--(BUSINESS WIRE)--Westinghouse Electric Company Springfields held its annual Skills Awards Day to recognise young engineers and employees who have either earned their apprenticeship or achieved academic success in higher education qualifications during the past year. The event took place at the Springfields nuclear licenced
Emerson Announces Management Appointments
October 21, 2016
ST. LOUIS--(BUSINESS WIRE)--Emerson (NYSE: EMR) today announced five senior leadership appointments to its Office of the Chief Executive who now report directly to Chairman and CEO David N. Farr, and help develop and guide the company’s global strategies. “These appointments to the Office of the Chief Executive were made to help drive
IronPlanet Sells Record $99 Million in Gross Merchandising Volume During “September to Remember”
October 21, 2016
PLEASANTON, Calif.--(BUSINESS WIRE)--IronPlanet®, a leading online marketplace for selling and buying used equipment and other durable assets, today announced record-breaking results from its month-long September to remember auction events. Combining both online and on-site auctions, the company sold 9,890 items for more than $99 million in GMV
BizWireTV Video News: The Future of Voting Might Involve a Selfie and The Taylor Swift Experience is
October 21, 2016
NEW YORK--(BUSINESS WIRE)--On the latest BizWireTV, new technology from Smartmatic is giving us a glimpse of what voting might be like in the future: online and verified with a selfie. Now you can watch BizWireTV, and the latest breakthroughs in tech from the biggest brands on any screen you want by downloading the new app through the Apple TV and
Paroc Ltd: Paroc Named Global Insulation Company of the Year 2016
October 21, 2016
HELSINKI--(BUSINESS WIRE)--The energy-efficient insulations manufacturer Paroc Group has been named the Global Insulation Company of the Year 2016 at the 11th Global Insulation Conference – the most important annual event for the insulation industry. Paroc has won the prestigious title for the second time, repeating its success in the 2012
Arcam: Interim report January – September 2016
October 21, 2016
MÖLNDAL, Sweden--(BUSINESS WIRE)--Regulatory News: Arcam: (STO:ARCM) Hesitant market · Net sales increased by 10 % to 440.2 (400.1) MSEK · Operating income amounted to -0.7 (36.2) MSEK · Net income amounted to 6.7 (21.6) MSEK · Earnings per share amounted to 0.32 (1.11) SEK · 35 (34) systems were delivered in
Trinseo Introduces STYRON X-TECH™ 2175 Polystyrene Resin for Appliance Applications
October 21, 2016
BERWYN, Pa.--(BUSINESS WIRE)--Trinseo (NYSE:TSE), the global materials company and manufacturer of plastics, latex binders and synthetic rubber, announced the launch of its new STYRON X-TECH™ 2175 Polystyrene resin – changing the industry with advanced down-gauging in freezers and refrigerators. The environmental stress crack resistance
Volvo Divests Properties in Gothenburg
October 21, 2016
GÖTEBORG, Sweden--(BUSINESS WIRE)--The Volvo Group (STO:VOLVA)(STO:VOLVB) has signed an agreement with the real estate company Platzer Fastigheter Holding AB regarding the sale of properties in the areas of Arendal, Torslanda and Säve in Gothenburg, Sweden. The sales price amounts to SEK 2.7 bn on a debt free basis and the divestment
Stable Progress for ASSA ABLOY During the Quarter
October 21, 2016
STOCKHOLM--(BUSINESS WIRE)--Regulatory News: ASSA ABLOY (STO:ASSAB) Third quarter · Sales totaled SEK 18,025 M (17,465), with 2% (3) organic growth and 2% (4) acquired growth · Strong growth for Global Technologies and Americas · Good growth for Entrance Systems and growth for EMEA · Negative growth for Asia Pacific
BillerudKorsnäs: Firm Performance in Line with Plans
October 21, 2016
SOLNA, Sweden--(BUSINESS WIRE)--Regulatory News: BillerudKorsnäs (STO:BILL): CEO Per Lindberg comments on the development during Q3 2016: ”Once again we show a stable performance and I am happy to see that we deliver results as expected. Our production has stabilized and we have been producing in line with planned levels. The one issue
BillerudKorsnäs: Interim Report January–September 2016
October 21, 2016
SOLNA, Sweden--(BUSINESS WIRE)--Regulatory News: BillerudKorsnäs (STO:BILL): KEY HIGHLIGHTS Net sales are lower than the same period previous year. The decrease is due to the divestment of Latgran in the third quarter 2015. Adjusted EBITDA is on the same level compared to the same quarter previous year. Sales volumes are on the same level as
Volvo Group – The Third Quarter 2016
October 21, 2016
GÖTEBORG, Sweden--(BUSINESS WIRE)--Regulatory News: Volvo (STO:VOLVA)(STO:VOLVB): “In the third quarter, profitability improved slightly as better underlying performance offset the impact from lower volumes. Sales decreased by 6% to SEK 69 billion. The adjusted operating income amounted to SEK 4.8 billion, corresponding to an operating
GE update on SLM Tender Offer
October 21, 2016
EVENDALE, Ohio--(BUSINESS WIRE)--GE announced today that it will not extend or change the terms of the tender offer for the outstanding shares of SLM Solutions. The acceptance period expires on Monday, October 24. GE has offered 38 € per share, which is a 38% premium over the SLM stock price as of September 5, the day before GE made its public
Enviva Partners, LP Announces Pricing of $300 Million Offering of Senior Notes
October 20, 2016
BETHESDA, Md.--(BUSINESS WIRE)--Enviva Partners, LP (NYSE: EVA) (the “Partnership” or “we”) announced today the pricing of its private placement to eligible purchasers of $300 million in aggregate principal amount of 8.500% senior unsecured notes due 2021 at par. The offering is expected to close on November 1, 2016, subject
Carter’s, Inc. to Report Third Quarter Fiscal 2016 Results on Thursday, October 27, 2016
October 20, 2016
ATLANTA--(BUSINESS WIRE)--Carter’s, Inc. (NYSE:CRI), the largest branded marketer in the United States and Canada of apparel exclusively for babies and young children, will report its third quarter fiscal 2016 results before the market opens on Thursday, October 27, 2016. The Company will hold a conference call with investors to discuss these