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Category:
Press
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Goodyear VEBA Trust Approved by Federal Court (Popularity:  )
http://www.goodyear.com
The Goodyear Tire & Rubber Company (NYSE: GT) announced today that the Voluntary Employees' Beneficiary Association trust (VEBA) proposed by it and the United Steelworkers union has been approved by U.S. District Court Judge John R. Adams. Under the terms of the settlement agreement, Goodyear will now make a $1 billion cash contribution to the VEBA, which will provide healthcare benefits to the company's current and future USW retirees. The ...
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Energy Conversion Devices Begins Implementing Succession Plan (Popularity: )
http://www.ovonic.com
Energy Conversion Devices, Inc. (ECD Ovonics) (Nasdaq: ENER) today announced the first in a series of management moves consistent with the company's previously announced management succession planning. At his request, Stanford R. Ovshinsky, President and Chief Scientist and Technologist, has relinquished his executive management responsibilities as the company's President and a member of its Office of the Chairman to devote his full energy and intellect to the further development of ...
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European Commission Grants Antitrust Approval of Ingersoll Rand's Proposed Acquisition of Trane (Popularity: )
http://www.trane.com
Trane Inc. (NYSE: TT) today announced that the European Commission granted approval of the proposed acquisition of the company by Ingersoll-Rand Company Limited (NYSE: IR). All required antitrust approvals required under the agreement with Ingersoll Rand have now been received. In addition, Trane has set the close of business on April 23, 2008, as the record date for determining shareholders who will be entitled to vote on the acquisition. Trane ...
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Flotek Industries, Inc. Receives Notice Regarding NYSE Listing Requirements (Popularity: )
http://www.flotekind.com
Flotek Industries, Inc. (NYSE: FTK), a technology driven growth company serving the oil, gas, and mining industries, announced today that the Company has been notified by New York Stock Exchange Regulations, Inc. that it is not currently in compliance with one of the continued listing standards of the New York Stock Exchange (the "NYSE").Flotek is considered below one listing criteria established by the NYSE because the Company's total market capitalization ...
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Harbin Electric Announces Participation in Investor Conference in Beijing and Presents Key Growth Directions (Popularity: )
http://www.harbinelectric.com
Harbin Electric, Inc. (Nasdaq: HRBN; "Harbin Electric" or "the Company"), a technology-oriented market leader in product development and integrated production tailored to customer applications in linear motors, motor/controller automation systems, specialty micro-motors for automobile interior applications and other specialty micro-motors, participated in the 3rd Semi-Annual Investor Tour of Mainland China hosted by Brean Murray Carret & Co. on September 10, 2007 in Beijing, China. At a round-table with global institutional ...
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Sensata Technologies B.V. Announces the Closing of Airpax Holdings, Inc. (Popularity: )
http://www.sensata.com
Sensata Technologies, Inc., a wholly-owned, indirect subsidiary of Sensata Technologies B.V., today announced that it has closed the previously announced acquisition of Airpax Holdings, Inc., a manufacturer of components and systems for power protection, sensing and control applications. The purchase price was $276 million, plus fees and expenses. Sensata closed the acquisition with a combination of cash and new borrowings. Sensata issued a new senior subordinated term loan for euro ...
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MISCOR Group Reports First Quarter Results (Popularity: )
Industrial services provider MISCOR Group, Ltd. (OTC Bulletin Board: MIGL) reported its operating results for first quarter ended April 5, 2009.MISCOR, a supplier of mechanical and electrical industrial products and services, reported total revenues of $23.4 million in the first quarter of 2009, compared with total revenues of $29.7 million in the same quarter of 2008, a decrease of $6.3 million. The Company reported a net loss of $3.7 million, ...
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China Yuchai International Introduces Hybrid Engine to Focus on Chinese Bus Market (Popularity: )
http://www.hlcorp.com.sg
China Yuchai International Limited (NYSE: CYD; "China Yuchai" or the "Company"), the leading manufacturer and distributor of diesel engines in China, today announced its latest R&D innovation -- a hybrid ISG engine specifically designed for urban transportation buses, and exhibited at the recent 4th China-ASEAN Expo. The hybrid engine, which has been widely recognized as a major technological development for energy conservation and emission reduction, is becoming a general trend ...
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China Holdings Acquisition Corp. Significantly Restructures Purchase Price for Bright World Precision Machinery Limited Acquisition and Improves Transaction Economics for CHAC Shareholders (Popularity: )
http://www.chinahac.com
-- Purchase price significantly restructured, which results in a valuation that compares favorably to public company peers in China(1) -- Bright World's first half 2008 revenues, net profit and EBITDA grew 51.8%, 64.1% and 59.9% (US dollars), respectively, compared to first half 2007(2) -- Highly attractive investment for participating in China's future growth -- Post-transaction earnout for Bright World's majority shareholder now tied to market-based stock price performance of combined ...
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Packline Materials Announce The Production Of Their New Roll Clamp Attachment With Rotation Facility And Extended Reach (Popularity: )
https://www.packline.co.uk/
KANSAS CITY, Mo. - April 20, 2020 -- New to Packline Materials Handling and Ultrasource LLC, the roll handling equipment with extra-long reach and forward rotating clamp, is designed for rotating and positioning rolls of foil or film onto mandrels in a processing line. Constructed from stainless steel, this roll handling solution is suitable for the food, drinks and pharmaceutical industries.The roll clamp attachment with extended reach is designed for ...
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