Tuesday, September 17, 2019
All News
Owens Corning Declares Fourth-Quarter 2016 Dividend
December 3, 2016
TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC) today announced that its Board of Directors has declared a quarterly cash dividend of $0.20 per common share, an 11% increase compared with the prior quarterly dividend. The dividend will be payable on January 18, 2017, to shareholders of record as of January 3, 2017. "The dividend increase
Rexnord Announces Pricing of Public Offering of Mandatory Convertible Preferred Stock
December 3, 2016
MILWAUKEE--(BUSINESS WIRE)--Rexnord Corporation (NYSE:RXN) today announced the pricing of its previously announced underwritten public offering of 7,000,000 depositary shares, each of which represents a 1/20th interest in a share of its 5.75% Series A Mandatory Convertible Preferred Stock (“Mandatory Convertible Preferred Stock”). The
IDEX Corporation Declares Regular Quarterly Cash Dividend
December 3, 2016
LAKE FOREST, Ill.--(BUSINESS WIRE)--IDEX CORPORATION (NYSE:IEX) today announced that its Board of Directors has approved a regular quarterly cash dividend of $0.34 per common share. The next dividend will be paid January 31, 2017 to shareholders of record as of January 16, 2017. This dividend represents the company’s 89th consecutive regular
Tessera Completes Acquisition of DTS
December 3, 2016
SAN JOSE, Calif.--(BUSINESS WIRE)--Tessera Holding Corporation (Nasdaq: TSRA) (the “Company”) today announced it has completed the acquisition of DTS, Inc. (“DTS”). Tessera Technologies, Inc. (“Tessera”) and DTS are now combined under Tessera Holding Corporation and the shares of the combined company will
Analog Devices To Participate At The Raymond James Technology Investors Conference
December 3, 2016
NORWOOD, Mass.--(BUSINESS WIRE)--Analog Devices, Inc. (NASDAQ: ADI), today announced that Executive Vice President Rick Hess will speak at the Raymond James Technology Investors Conference in New York on Monday, December 5, 2016 at 1:15 p.m. Eastern time. The audio webcast may be accessed live via the Investor Relations section of Analog
Mouser Electronics and Grant Imahara Release New Video Showing Drone Platform for Project First
December 3, 2016
DALLAS & FORT WORTH, Texas--(BUSINESS WIRE)--Mouser Electronics Inc., together with Easy Aerial Inc. and celebrity engineer Grant Imahara, today launched the second video episode from the latest series in the Empowering Innovation Together™ program. The new Project First Responders focuses on creating a proof of concept for an autonomous,
Emerson Network Power Rebrands as Vertiv, Appoints New CEO
December 3, 2016
COLUMBUS, Ohio--(BUSINESS WIRE)--The business now formerly known as Emerson Network Power today announced the appointment of Rob Johnson as CEO and officially commenced a campaign to rebrand the standalone company as Vertiv. Vertiv is a global provider of mission-critical infrastructure technologies for vital applications in data centers,
The Falcon Group Acquires J. Belliveau & Associates
December 3, 2016
MIAMI--(BUSINESS WIRE)--The Falcon Group is pleased to announce their recent acquisition of J. Belliveau & Associates. This comes as part of The Falcon Group’s sales initiative related to foreseen growth in this market sector. Jim Belliveau brings 30 years of experience in building envelope design, construction and maintenance which will
Hexagon Launches New Financial Plan at Capital Markets Day
December 3, 2016
NACKA STRAND, Sweden--(BUSINESS WIRE)--Regulatory News: Hexagon (STO:HEXAB) hosts its Capital Markets Day in London, United Kingdom, today and launches a new five-year financial plan stretching to 2021. The plan includes two scenarios, one base case and one opportunity case. Base case scenario: Sales targets of 4.6 billion EUR and EBIT margin of 27
Celanese Announces Paraformaldehyde Price Increase
December 3, 2016
DALLAS--(BUSINESS WIRE)--Celanese Corporation (NYSE: CE), a global technology and specialty materials company, today announced it will increase list and off-list selling prices for paraformaldehyde. The price increase below will be effective Dec. 15, 2016, or as contracts allow.     Product North and South America      
Sensient Technologies Corporation Elects Scott Morrison to its Board of Directors
December 3, 2016
MILWAUKEE--(BUSINESS WIRE)--Sensient Technologies today announced the election of Scott Morrison to its Board of Directors. Mr. Morrison is Senior Vice President and Chief Financial Officer of Ball Corporation, a leading global supplier of innovative, sustainable packaging solutions for beverage, food and household products customers. Ball
AGCO to Host Analyst Meeting
December 3, 2016
DULUTH, Ga.--(BUSINESS WIRE)--AGCO, Your Agriculture Company (NYSE:AGCO), a worldwide manufacturer and distributor of agricultural equipment and infrastructure, announced today that it will conduct an analyst briefing in New York City on Friday, December 16, 2016. The meeting will include presentations by Martin Richenhagen, AGCO’s Chairman,
Valvoline™ Inc. Completes Accounts Receivable Securitization Facility
December 3, 2016
LEXINGTON, Ky.--(BUSINESS WIRE)--Valvoline™ Inc. (NYSE: VVV), a leading supplier of premium branded lubricants, today announced that it closed a new U.S. accounts receivable facility on November 29th, 2016. The new facility makes available up to $125 million. Certain of the Company’s lenders under its senior credit facility have
NetworkWorld Asia names Panduit® as best “Data Center Cabling Solution” for its Reader’s
December 3, 2016
TINLEY PARK, Ill.--(BUSINESS WIRE)--Panduit Corp., a world-class developer and provider of leading-edge physical infrastructure and connectivity solutions, is honored to receive the Reader’s Choice Product Excellence Award for its “Data Center Cabling Solutions” from NetworkWorld Asia magazine and Networksasia.net. The
PACCAR Recognizes Top Performing Suppliers in North America
December 3, 2016
BELLEVUE, Wash.--(BUSINESS WIRE)--PACCAR (Nasdaq:PCAR) annually recognizes the top performing suppliers in its Supplier Performance Management (SPM) program. The SPM program evaluates a supplier’s performance in the areas of product development, operations support and business alignment with PACCAR objectives. Through the SPM program,
Axalta Introduces New, High Temperature Protective Internal Pipe Coatings
December 3, 2016
HOUSTON--(BUSINESS WIRE)--Axalta Coating Systems (NYSE: AXTA), a leading global supplier of liquid and powder coatings, is pleased to introduce two new high temperature, corrosion-resistant internal pipe coatings to its Nap-Gard® Functional Coatings collection. The new Nap-Gard 7-0017HT and 7-0017VHT Black Beauty FBE products are thermosetting
Capacity of Lithium Ion Batteries for Plug-In Electric Vehicle Second-Life Stationary Energy Storage
December 3, 2016
BOULDER, Colo.--(BUSINESS WIRE)--A recent report from Navigant Research explores the concept of reusing plug-in electric vehicle (PEV) lithium ion (Li-ion) batteries for stationary energy storage system (ESS) applications, focusing on the key issues, market drivers, and challenges related to reusing second-life PEV batteries. Li-ion battery packs
Panasonic Develops Industry's First*1 IPS Liquid Crystal Panel with Contrast Ratio of over
December 3, 2016
OSAKA, Japan--(BUSINESS WIRE)--Panasonic Liquid Crystal Display Co., Ltd., a subsidiary of Panasonic Corporation, today announced it has developed a new model of its IPS liquid crystal panel that achieves a contrast ratio[1] of over 1,000,000:1, which is 600 times*2 that of conventional liquid crystal panels. With Panasonic's unique IPS[2] liquid
Opus Inspection Not Awarded the New Missouri Gateway Vehicle Inspection Program
December 3, 2016
STOCKHOLM--(BUSINESS WIRE)--Regulatory News: Opus Inspection Inc. (STO:OPUS) is the incumbent operator of the Missouri Gateway Vehicle Inspection Program since 2007. In the current procurement process 2016 Opus Inspection was not awarded the new contract, a decision that the company has appealed. The current contract represents an annual revenue of
Axalta Paints Cars for Championship Drivers Nico Rosberg of the MERCEDES AMG PETRONAS Formula One
December 3, 2016
PHILADELPHIA--(BUSINESS WIRE)--Axalta Coating Systems (NYSE: AXTA) is proud that its paints helped carry driving greats, MERCEDES AMG PETRONAS Formula OneTM Team Driver Nico Rosberg and Jimmie Johnson to victory at their recent championship season finale wins on the Formula OneTM and NASCAR circuits, respectively. Axalta’s innovative
Bosch Technology a Finalist for Prestigious Automotive News PACE Award
December 3, 2016
FARMINGTON HILLS, Mich.--(BUSINESS WIRE)--Bosch has been named a finalist for the 2017 Automotive News PACE (Premier Automotive Suppliers’ Contributions to Excellence) Awards for its innovative Engine Compartment Actuator (ECA) that offers intelligent actuation on demand. “Creating the ECA technology was a huge win for our team, and
Molex SMT Header for HSAutoLink™ System Optimizes Manufacturing Processes
December 3, 2016
LISLE, Ill.--(BUSINESS WIRE)--Molex has introduced a surface-mount version of its right-angle SMT headers for the next-generation HSAutoLink™ Interconnect System. The Molex HSAutoLink™ Interconnect System leverages high-speed technologies to meet rising data bandwidth in vehicle-to-vehicle communications, infotainment and telematics in
Autologic Enters into Licensing Agreement with Volvo for Diagnostic Data
December 3, 2016
COMMACK, N.Y.--(BUSINESS WIRE)--Autologic Diagnostics, the provider of the world’s first and only fully integrated cloud-connected vehicle diagnostic support solution, announced that has entered into a licensing agreement with Volvo Car Corporation. Under the agreement, Autologic will have direct access to Volvo diagnostic data and technical
Trinseo Announces Quarterly Cash Distribution to Shareholders
December 3, 2016
BERWYN, Pa.--(BUSINESS WIRE)--Trinseo (NYSE: TSE), a global materials solutions provider and manufacturer of plastics, latex binders and synthetic rubber, today announced that its Board of Directors authorized the Company to distribute a quarterly repayment of equity of $0.30 per share. The repayment of equity will be a cash distribution payable on
Cooper Tire Completes Purchase of Majority Interest in China-based Qingdao Ge Rui Da Rubber Co.
December 3, 2016
FINDLAY, Ohio--(BUSINESS WIRE)--Cooper Tire & Rubber Company (NYSE: CTB) has completed its purchase of a 65 percent interest in China-based Qingdao Ge Rui Da Rubber Co., Ltd. (GRT) under terms that were previously announced. GRT produces truck and bus radial (TBR) tires for global markets and will manufacture TBR tires to meet Cooper’s
China, U.S. Offer Biggest Potential for Electric Vehicle Sales, but Wider Demand Predicted to Rise,
December 3, 2016
NEW YORK--(BUSINESS WIRE)--Improving car sales suggests strong potential for growth in electric vehicle (EV) sales in China and the U.S. However, a combination of technological, economic and political factors, including the influence of more planned mass-market EV introductions over the next four years, could provide car-makers with nine additional
Comtech Telecommunications Corp. to Report First Quarter of Fiscal 2017 Results on December 7th
December 3, 2016
MELVILLE, N.Y.--(BUSINESS WIRE)--December 2, 2016-- Comtech Telecommunications Corp. (Nasdaq: CMTL), a leading provider of products, systems and services for advanced communications solutions, today announced that it will report its first quarter of fiscal 2017 results after the market closes on Wednesday, December 7, 2016. The Company has
First High-Resolution Image Released from Harris Corporation-Built Imaging System Onboard
December 3, 2016
MELBOURNE, Fla.--(BUSINESS WIRE)--DigitalGlobe, Inc (NYSE: DGI) has released the initial image from the Harris Corporation (NYSE:HRS) high-resolution, multi-spectral imaging system, which is onboard the Lockheed Martin-built WorldView-4 commercial Earth imaging satellite. The first image, captured on November 26, shows the Yoyogi National Gymnasium
ORAU Seeking Applications for U.S. Air Force Research Laboratory 2017 Summer Repperger Program
December 3, 2016
BELCAMP, Md.--(BUSINESS WIRE)--ORAU is currently accepting applications for the U.S. Air Force Research Laboratory’s (AFRL) 2017 Summer Repperger Research Internship Program, a 10-week program for graduate and undergraduate students pursuing degrees in science, technology, engineering and math. Interns in the program can apply for an
AerCap and Boeing Celebrate Delivery of Air France’s First Boeing 787 Dreamliner
December 3, 2016
DUBLIN--(BUSINESS WIRE)--AerCap Holdings N.V. (“AerCap”) (NYSE: AER) has announced the delivery of the first Boeing 787 Dreamliner for Air France. The 787-9 airplane will be deployed on Air France’s Paris to Cairo route, starting in January 2017. The aircraft, on long-term lease to Air France from AerCap’s order book with
Allegheny Technologies Suspends Quarterly Dividend
December 3, 2016
PITTSBURGH--(BUSINESS WIRE)--Allegheny Technologies Incorporated (NYSE:ATI) announced today that its Board of Directors has decided to suspend its quarterly dividend effective immediately. “We expect ATI’s financial performance to improve significantly in 2017 as a result of strong profitable growth in our High Performance Materials
U.S. Steel-Consuming Manufacturers Warn Against Duties on Tool Steel Imports; High Duties Could Have
December 3, 2016
WASHINGTON--(BUSINESS WIRE)--High duties on tool steel imports would have dire consequences for U.S. tool and die manufacturers and could result in the loss of thousands of jobs, warned a representative of U.S. steel-consuming manufacturers yesterday at a U.S. International Trade Commission (ITC) hearing. The ITC is considering imposing
Hunt Valve Named Plant Engineering Product of the Year Finalist
December 3, 2016
SALEM, Ohio--(BUSINESS WIRE)--Hunt Valve (www.huntvalve.com), a fluid power engineering company specializing in severe-duty valves and components, has been selected as a Plant Engineering Product of the Year Finalist for 2016. Among eight finalists in the fluid handling category, Hunt Valve’s proportional poppet descale valve was chosen for
Comtech Telecommunications Corp. and Jagged Networks Complete BSA Calibration Deployment with Tier I
December 3, 2016
MELVILLE, N.Y.--(BUSINESS WIRE)--December 1, 2016--Comtech Telecommunications Corp. (Nasdaq: CMTL) announced today that the Company’s Enterprise Technologies Group has completed deployment of Jagged Networks’ JaggedXY solution, a Base Station Almanac (BSA) Calibration Tool, with a Tier I North American wireless operator. The JaggedXY
Apollo Aviation Grows Fleet By 25%
December 3, 2016
MIAMI, DUBLIN & SINGAPORE--(BUSINESS WIRE)--Apollo Aviation Group (together with its affiliates, “Apollo Aviation”), a multi-strategy aviation investment manager, announced today that since the second quarter of 2016 it has contracted to purchase 27 commercial aircraft and five aircraft engines for a total gross purchase price of
Intrepid Aviation Group Holdings to Hold 3rd Quarter Investor Call
December 3, 2016
STAMFORD, Conn.--(BUSINESS WIRE)--Intrepid Aviation Group Holdings Inc. (the “Company”) announced today that it will hold its 3rd Quarter 2016 Investor Call on December 7, 2016 at 10:00AM Eastern. The call is not open to the public and is only available for all holders of the Company’s 6.875% Senior Notes due 2019 and the 8.25%
Arc Suppression Technologies Introduces a Universal NOsparc Arc Suppressor
December 3, 2016
BLOOMINGTON, Minn.--(BUSINESS WIRE)--Arc Suppression Technologies, Inc., a Minneapolis-based high-technology firm, announced today that it has introduced a universal NOsparc® arc suppressor capable of protecting a broad range of motors from single phasing – a destructive phenomena that costs users billions of dollars in replacement
CTS Awarded Global Accelerator Pedal Module Program
December 3, 2016
LISLE, Ill.--(BUSINESS WIRE)--CTS Corporation (NYSE: CTS) has been awarded a global accelerator pedal module program by a major automotive OEM headquartered in North America. Shipments are anticipated to commence in 2018, with total revenues expected to be approximately $28 million over the life of the program. CTS will produce the components in
Donaldson Company Reports Fiscal 2017 First Quarter Earnings
December 3, 2016
MINNEAPOLIS--(BUSINESS WIRE)--Donaldson Company, Inc. (NYSE: DCI) today announced first quarter 2017 net earnings of $58.0 million, or 43 cents per share,1 compared with $38.5 million, or 29 cents per share, in 2016. First quarter 2017 GAAP earnings per share (EPS) include a benefit of approximately 5 cents per share related to the settlement of
TRIGO Experts for Quality Business Unit
December 3, 2016
PARIS--(BUSINESS WIRE)--TRIGO Group, international provider of quality solutions, headquartered in Paris, France, is introducing its new business unit, TRIGO Experts for Quality (TREQ), to provide sophisticated quality expertise services to its customers. With globalization of supply chains, constant increase of product complexity and continuous
Arconic Declares Dividend on Class B Mandatory Convertible Preferred Stock
December 3, 2016
NEW YORK--(BUSINESS WIRE)--The Board of Directors of Arconic (NYSE: ARNC) today declared a dividend of $6.71875 per share on the Company’s outstanding 5.375% Class B Mandatory Convertible Preferred Stock (“Class B Stock”) payable January 1, 2017 to holders of record of the Class B Stock at the close of business on December 15,
SIFCO Industries Names John Glover to Head New Corporate Sales Organization
December 3, 2016
CLEVELAND--(BUSINESS WIRE)--SIFCO Industries, Inc. (NYSE MKT: SIF) announced today the creation of a Corporate Sales organization aimed at enhancing the Company’s ability to serve world-class customers in the aerospace and energy markets. The new organization will be led by John Glover, who becomes corporate vice president of sales and will
AAMSI Names Scott Campbell Senior Vice President, Sales & Business Development
December 3, 2016
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Associated Aircraft Manufacturing & Sales, Inc. (AAMSI), a global leader in the manufacturing and repair of military aviation products, has named defense aviation industry veteran Scott Campbell as Senior Vice President. Campbell will be responsible for Sales & Business Development for a newly formed
Panduit’s Industry Leading Fiber Technology in the Spotlight at Gartner Data Center Conference
December 3, 2016
TINLEY PARK, Ill.--(BUSINESS WIRE)--Panduit Corp., the industry leader in fiber technology and data center product innovation is driving solutions to prepare their customers and the industry for the increasingly complex data center networks required to accommodate the insatiable demand for bandwidth. Historically, technological advances within the
KPA Acquires Succeed Management Solutions
December 3, 2016
LAFAYETTE, Colo.--(BUSINESS WIRE)--KPA, LLC, a leading provider of environmental health and safety (EHS) and HR Management software solutions, announced the acquisition of Succeed Management Solutions, LLC (Succeed). Succeed’s Risk Management Center is the leading web-based risk management and safety software for the insurance market. The
OSI Creative Opens Seattle Office to Support Pacific Northwest Clients
December 3, 2016
IRVINE, Calif.--(BUSINESS WIRE)--OSI Creative, a leading provider of global supply chain managed solutions for point-of-purchase displays (POP), consumer product packaging and branded merchandise programs, today announced the opening of a new office serving the Pacific Northwest area. The new facility, located in Seattle, Washington, will provide
Celanese Announces Paraformaldehyde Price Increase
December 3, 2016
DALLAS--(BUSINESS WIRE)--Celanese Corporation (NYSE: CE), a global technology and specialty materials company, today announced it will increase list and off-list selling prices for paraformaldehyde. The price increase below will be effective Dec. 15, 2016, or as contracts allow.     Product North and South America      
Westinghouse to Resolve CB&I Purchase Agreement as Planned
December 2, 2016
PITTSBURGH--(BUSINESS WIRE)--Today the Delaware Chancery Court found in favor of Westinghouse Electric Company and dismissed the filing by Chicago Bridge & Iron Company N.V. (CB&I) with respect to the post-closing reconciliation process. As a result of the decision, the parties will now proceed in accordance with the Parties Purchase
Sensient Technologies Corporation Elects Scott Morrison to its Board of Directors
December 2, 2016
MILWAUKEE--(BUSINESS WIRE)--Sensient Technologies today announced the election of Scott Morrison to its Board of Directors. Mr. Morrison is Senior Vice President and Chief Financial Officer of Ball Corporation, a leading global supplier of innovative, sustainable packaging solutions for beverage, food and household products customers. Ball
Valvoline™ Inc. Completes Accounts Receivable Securitization Facility
December 2, 2016
LEXINGTON, Ky.--(BUSINESS WIRE)--Valvoline™ Inc. (NYSE: VVV), a leading supplier of premium branded lubricants, today announced that it closed a new U.S. accounts receivable facility on November 29th, 2016. The new facility makes available up to $125 million. Certain of the Company’s lenders under its senior credit facility have