Industry News

Cera Sanitaryware Ltd's June quarter financial results is essentially to do with revenue growth. The faucets segment, which accounts for a fifth of Cera Sanitaryware's total revenue, recorded slower growth of about 9%. The firm is engaged in manufacturing, marketing and distribution of sanitaryware, faucets and trading in tiles and other bathroom products."/>
Cera Sanitaryware: Strong operating performance priced in [Mint, New Delhi]
UltraTech Cement Ltd, India's largest cement maker, on Tuesday said net profit in the quarter ended 30 June rose 29% from a year ago on higher operational efficiencies. The company reported a consolidated net profit of Rs.780 crore in the April-June period against Rs.604 crore a year ago. Net sales rose 4% to Rs.6, 538 crore from Rs.6, 281 crore."/>
UltraTech Cement Q1 profit rises 29% to Rs780 crore [Mint, New Delhi]
Boeing Co. said on Tuesday, raising its forecast by 6% from what it estimated a year ago. In 2015, Boeing had projected airlines in India, the world's fastest growing aviation market, will need 1,740 new airplanes valued at $240 billion over 20 years. At the same time, rival airplane maker Airbus SAS had projected India will need to add 1,610 planes worth $224 billion over 20 years."/>
Indian airlines need 1,850 new aircraft over next 20 years: Boeing [Mint, New Delhi]
UltraTech Cement Ltd expects to complete its acquisition of the Jaypee Group's cement assets in the next 12 months, company chairman Kumar Mangalam Birla told shareholders at the annual general meeting on Tuesday. Birla added that the company will not look at any further acquisitions, but will focus on the Jaiprakash Associates Ltd cement assets acquisition. "No more acquisitions are being planned after Jaypee," Birla said, while..."/>
UltraTech to complete Jaypee's cement assets acquisition in next 12 months [Mint, New Delhi]
Spirit Airlines on Tuesday announced new daily nonstop flights to Florida from Baltimore/Washington International Thurgood Marshall Airport. Direct flights from Baltimore to Fort Myers and Tampa begin November 10. Flights are available for purchase beginning Tuesday."/>
BRIEF: Spirit Airlines adds nonstop flights from BWI to Fort Myers and Tampa [The Baltimore Sun]
Thomson Reuters, on average, expect GM earned $1.29..."/>
GM likely earned more in Q2, but will outlook change? [Detroit Free Press]
Terex Cranes are out of a job as the Waverly plant ceased operations Tuesday, marking the end of a manufacturing operation that has been a staple of the community for 75 years. "People are upset; it's their lives, you know?" said Kent Fisher of Nashua, a 30- year employee president of United Auto Workers Local 411, whose members heard the news in a plant meeting Tuesday. ""/>
UPDATE: Terex closes Waverly plant, moves work to Oklahoma [Waterloo-Cedar Falls Courier, Iowa]
Toro Co. on Tuesday promoted 30- year veteran Richard Olson to the role of chief executive, nearly one year after he was appointed president and chief operating officer. Olson will succeed longtime CEO Michael Hoffman effective Nov. 1, company officials said. Hoffman-- who 39 years ago joined the maker of lawn mowers, leafblowers, snowplows and construction equipment and has been CEO since 2005-- will remain chairman of the board."/>
Toro Co. promotes Richard Olson to role of CEO [Star Tribune (Minneapolis)]
UnitedHealth Group. The nation's largest health insurer said Tuesday that it saw higher medical costs once again on the exchange marketplaces, and increased projected losses for the year by $200 million. UnitedHealth already had expected to lose $650 million on the business, where the insurer currently sells health plans to..."/>
ACA exchanges getting even worse for UnitedHealth [Star Tribune (Minneapolis)]
Tile Shop Holdings Inc.' s latest profit climbed sharply but sales lost momentum for the first time in 18 months, leading investors Tuesday to wonder if its turnaround was slowing down. Tile Shop shares fell nearly 10 percent, the biggest one-day drop this year, outpacing a 9 percent plunge one day in early February. Executives gave an upbeat outlook, however, as the Plymouth-based retailer of manufactured and natural stone tiles continues to capitalize on surging home..."/>
Tile Shop shares drop as turnaround momentum slows [Star Tribune (Minneapolis)]
No-fee apartments in New York City [amNewYork, New York]
Canadian Pacific Railway Limited announced that Anthony R. Melman has resigned from the Board of Directors of Canadian Pacific Railway Company and Canadian Pacific Railway Limited, effective close of business today.. Melman felt that it was in his best interests for now to resign from the Board, so that he can assess his legal options following a recent Tax Court of Canada decision. Melman stated that he did not want that matter to become a distraction to..."/>
CP's Board of Directors announces resignation of Anthony Melman
Canadian Pacific Railway Limited announced that Anthony R. Melman has resigned from the Board of Directors of Canadian Pacific Railway Company and Canadian Pacific Railway Limited, effective close of business today.. Melman felt that it was in his best interests for now to resign from the Board, so that he can assess his legal options following a recent Tax Court of Canada decision. Melman stated that he did not want that matter to become a..."/>
CP's Board of Directors announces resignation of Anthony Melman
FedEx Freight terminal on the city's northwest side. The 73,000- square-foot terminal, which is expected to open in March, will be northeast of the Huron Building at AmeriPlex at Interstate 80/ 90 business park. The park, operated by South Bend-based Holladay Properties, is near the intersection of the Indiana Toll Road and St."/>
Ground broken on $15 million FedEx Freight terminal in South Bend [South Bend Tribune, Ind.]
Kansas City Southern despite a nearly 3 percent drop in revenues. The Kansas City-based railway company said Tuesday it earned $120.1 million, or $1.12 per share, in April, May and June, compared with $111.8 million, or $1.01 per share, a year earlier. "On balance, we were pleased with our second quarter 2016 results, particularly with the positive volume trend experienced during late May and the entire month of June," Patrick J...."/>
BRIEF: Kansas City Southern earnings climb despite revenue drop [The Kansas City Star]
Northrop Grumman was awarded a NASA contract to develop concepts for a potential spacecraft to orbit Mars. In a release, the company said the contract is funding "one of several Next Mars Orbiter conceptual study efforts" underneath NASA's Jet Propulsion Labratory. According to NASA, the five aerospace companies selected are looking to develop technological concepts to fuel a mission to the planet which "would continue key..."/>
BRIEF: Northrop Grumman awarded NASA contract to develop conceptual Mars orbiter [The Capital, Annapolis, Md.]
Aeromexico Reports 2Q16 Results
Beacon Roofing Supply, Inc. today announced that its third quarter 2016 earnings results for the period ended June 30, 2016 will be released on Tuesday, August 2, 2016 after market close. The same day, the Company will host a webcast and conference call at 5:00 p.m. ET to review and discuss its financial results. The webcast link and call-in number are shown below."/>
Beacon Roofing Supply to Announce Third Quarter 2016 Earnings on August 2, 2016
NCI Building Systems, Inc. announced today the pricing of the previously announced public offering of 9,000,000 shares of the Company's common stock by investment funds associated with Clayton, Dubilier& Rice, LLC at a public offering price of $16.15 per share. In connection with the offering, the selling stockholders have granted the underwriters a 30- day option to purchase up to 1,350,000 additional shares. The offering is expected to close..."/>
NCI Building Systems Announces Pricing of Sale of 9,000,000 Shares of Common Stock by Selling Stockholders

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