Industry News

Titagarh Wagons Ltd depend on the railways for a substantial part of their business and are saying they are getting sporadic orders from the national carrier. "The rolling stock division of the company faces tough challenge due to irregular ordering by the Indian Railways," said Texmaco in its June quarter..."/>
Long haul for rolling stock firms [Mint, New Delhi]
Huntington Ingalls Industries."/>
Huntington Ingalls scholarship fund pays dividends [Daily Press (Newport News, Va.)]
Caterpillar Inc., the world's largest manufacturer of generator sets, on Wednesday unveiled a new series of portable power units that extends the company's reach for the first time in that sector from industrial applications into the consumer marketplace. Far from the diesel-fueled Caterpillar behemoths that serve as backup power sources on an institutional scale, the newly introduced..."/>
Caterpillar wades into consumer power market with portable generators [Journal Star, Peoria, Ill.]
FedEx is looking at unmanned systems in five areas, but company chief Frederick W. Smith doesn't see driverless vans and pilotless planes in the near future. Smith told analysts Tuesday that FedEx has under way five "workstreams" in unmanned or automated transportation systems, all aimed at making jobs easier and safer for professional drivers and pilots. Hub City Insider has more."/>
BRIEF: FedEx working on five robot systems for vehicles, planes, chief says [The Commercial Appeal, Memphis, Tenn.]
FedEx. The job openings have companies competing for temporary workers during a period of relatively low unemployment; one company specializing in e-commerce announced in mid-July it was hiring for up to 3,000 openings in November and December. But the hiring surge at hubs, warehouses and distribution centers isn't expected to put much..."/>
Low unemployment could make filling 12,000 holiday jobs difficult [The Commercial Appeal, Memphis, Tenn.]
Textron Aviation building in southwest Wichita returned to work after an evacuation that was the result of 911 dispatchers receiving a report of a possible bomb threat. Lin Dehning said dispatchers received a phone call at 8:30 a.m. and the caller reported overhearing a "conversation that there could be some type of bomb threat" at Textron building known as the Prospect building, near K-42 and Hoover. "Just because of the information we had, deputies..."/>
BRIEF: Textron Aviation evacuates building after bomb threat [The Wichita Eagle]
M and A Navigator: Deal pipeline –23 September
Alaska Air Group and Virgin America approved a definitive merger agreement, under which Alaska Air Group will acquire Virgin America forUSD 57.00 per share in cash, the companies said. Including existing Virgin America..."/>
Machinists, Aerospace Workers Union Approves USD 2.6bn Alaska Airlines, Virgin America Tie-Up
Ceres Global Ag Corp. today announced its financial and operational results for the three- and 15- month periods ended June 30, 2016. All amounts are in Canadian currency unless otherwise noted. "Despite the impact of a $11.7 million durum wheat loss and a backdrop of low commodity prices, we made considerable progress in FY2016 to ramp up our operations, better utilize our infrastructure and strengthen our relationships with farmers and buyers of..."/>
Ceres Global Ag Reports Financial Results For FY2016
Orion Energy Systems, Inc., a leading designer and manufacturer of high-performance, energy-efficient retrofit lighting platforms, announced today that its ISON™ Class Gen II LED High Bay fixture has been selected for one of Consulting-Specifying Engineer’ s 2016 Products of the Year. At the time award applications were being accepted, the ISON™ Class Gen II LED High Bay..."/>
Orion Energy Systems Wins Consulting-Specifying Engineer Product of the Year Award
DryShips Inc., or the Company, an international owner of drybulk carriers and offshore support vessels, today announced that it has sold the 2002 built Panamax drybulk carrier MV Oregon. The vessel MV Oregon, along with the associated bank debt, was sold to an entity controlled by the Company's Chairman and CEO, Mr. The vessel was sold for a 10% premium to fair market value, as supported by independent third party broker valuations."/>
DryShips Inc. Announces Vessel Sale
Flowserve Corporation,, a leading provider of flow control products and services for the global infrastructure markets, today announced that Mark Blinn plans to retire as President, Chief Executive Officer and a member of the Board of Directors. To ensure an orderly transition, Mr."/>
Flowserve Announces Executive Leadership Transition Plan
Servotronics, Inc. a designer and manufacturer of servo-control components and other advanced technology products announces a major reorganization designed to position the Company for projected growth. The reorganization coupled with the previously reported new hiring initiative for professional resources and skilled labor on first and second shift is in response to sustained high demand for the Company's motion control products."/>
Servotronics, Inc. Announces Management Changes And Strategic Reorganization
WESCO International, Inc., a leading provider of electrical, industrial, and communications MRO and OEM products, construction materials, and advanced supply chain management and logistics services, announces that the redemption of its 6.0% Convertible Senior Debentures due 2029 was completed on September 15, 2016.. Holders of the Debentures received cash totaling $344,804,000, which was equal to the principal amount of the then-..."/>
WESCO International, Inc. Completes Redemption of 6.0% Convertible Senior Debentures due 2029
New Flyer Industries Inc. confirmed today that, based on publicly-disclosed information, Marcopolo S.A., through its wholly-owned subsidiary, Marcopolo Canada Holdings Corp., has sold 4.5 million common shares of New Flyer, which represent approximately 7.4% of the issued and outstanding common shares of New Flyer."/>
Marcopolo Sells a Portion of its Shares in New Flyer, Remaining New Flyer's Largest Shareholder, and Confirms Ongoing Commercial Cooperation Initiatives
Covanta Holding Corporation today announced that the Board of Directors has declared a quarterly cash dividend of $0.25 per share, payable on October 7, 2016 to stockholders of record as of the close of business on October 3, 2016.. About Covanta Covanta is a world leader in providing sustainable waste and energy solutions. Annually, Covanta's modern Energy-from-Waste facilities safely convert approximately 20 million tons of waste..."/>
Covanta Declares Regular Quarterly Cash Dividend
Raytheon Company declares quarterly cash dividend

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