Industry News

Ritchie Bros. sets new Ontario sales record: CA$39M+
Bombardier has supported the CrossCountry Voyager fleet since it first entered passenger service. Note to editors: To view the photos associated with this press release, please visit the following links: http://media3.marketwire.com/docs/1071135_1. Rail technology leader Bombardier Transportation has signed a three year extension to its current Train Service Agreement with Arriva CrossCountry Trains, extending..."/>
Bombardier Wins Fleet Maintenance Contract Extension From UK Operator CrossCountry Trains
Omnia plan that steer them to their insurers' top network of providers-- and away from other doctors and hospitals ranked in lower tiers, industry experts said Thursday. The so-called tiered policy ruffled the feathers of health care providers left out of the preferred network. But the New Jersey Supreme Court sided with..."/>
NJ health insurance costs: 4 big changes for 2017 [Asbury Park Press, N.J.]
WestJet takes Big Brothers Big Sisters under their wing
Caterpillar Chairman& CEO optimistic of company's role in country's future following meeting with Egyptian President. PEORIA, Ill.- At the U.S.-Africa Business Forum last week, Caterpillar Inc. Chairman and CEO Doug Oberhelman sat down with Egyptian President Abdel Fattah el-Sisi to discuss the future of Egyptian rail, infrastructure and power generation. "Meeting with President Sisi offered an impressive vision for the future of Egypt," said Oberhelman."/>
Caterpillar Affirms Commitment to Egypt's Infrastructure Development
ARC Group Worldwide reported on Thursday the completion of a new USD42.5m senior credit agreement with Citizens Bank, N.A. The company said it will use the proceeds from the financing will be used to support the continued expansion of its core precision manufacturing and metal 3 D printing businesses, along with repaying all amounts outstanding under the prior senior credit facility totaling USD30.4m. Citizens Financial Group Inc is one of the..."/>
ARC Group Worldwide reports launch of USD42.5m in new senior credit facility
Lockheed Martin Company today announced that North Slope Borough, Alaska, received its first S-92 helicopter dedicated to search and rescue. Acceptance of the aircraft occurred in a ceremony at Sikorsky's commercial helicopter center here. The helicopter will perform the critical mission of search and rescue operations for all NSB residents."/>
Sikorsky Delivers Alaska's First S-92® Search and Rescue Helicopter
Acacia Research Corporation announced on Thursday that its subsidiary, Nexus Display Technologies LLC, has entered into a settlement and patent license agreement with ASUSTeK Computer Inc and its US subsidiary, ASUS Computer International. According to the company, this agreement resolves litigation that was pending in the US District Court for the Central District of California, Western Division. Acacia Research Corporation acts as an..."/>
Acacia announces settlement and patent license agreement with ASUSTeK Computer Inc
Huan Yue Interactive Holdings Limited announced on Thursday that Hu Minglie, CEO and an executive director of the company, plans to purchase up to two million shares of the company at a price of not more than HKD1.2 per share within the period of six months starting from 29 September 2016.. Following this possible share purchase, Minglie will own an aggregate up to 2.4 million shares of the company, representing approximately 0.3% of its issued share capital."/>
Huan Yue Interactive announces possible purchase of up to two million of its shares by CEO
No slowdown seen in commercial real estate [The Miami Herald]
Bombardier Transportation has signed a three year extension to its current Train Service Agreement with Arriva CrossCountry Trains, extending service until October 2019. The contract covers full maintenance services for XC's fleet of 57 Voyager and Super Voyager trainsets, based out of Bombardier's Central Rivers..."/>
Bombardier Wins Fleet Maintenance Contract Extension From UK Operator CrossCountry Trains
Bombardier Transportation has signed a three year extension to its current Train Service Agreement with Arriva CrossCountry Trains, extending service until October 2019. The contract covers full maintenance services for XC's fleet of 57 Voyager and Super Voyager trainsets, based out of Bombardier's Central Rivers..."/>
Bombardier Wins Fleet Maintenance Contract Extension From UK Operator CrossCountry Trains
Essendant Inc approved a dividend of USD0.14 per share, the company disclosed on Thursday. All stockholders of record at the close of business on 15 December 2016 will be paid the dividend on 13 January 2017.. A wholesale distributor of workplace essentials in the US and internationally, Essendant reported 2015 net sales of USD5.4bn."/>
Essendant's board approves dividend of USD0.14 per share
Ballard Power Systems today announced the commissioning and deployment of an initial 12 fuel cell-powered buses in the District of Sanshui, in the City of Foshan, in the Province of Guangdong, China. The buses will be operated by Foshan Sanshui Guohong Public Transit Co. Ltd., on demonstration route #682 from Gaofeng Park Station to Shuidu Industrial Park Station. The buses are 11 meters in length and feature..."/>
First Ballard-Powered Buses Hitting the Road in China's Largest Fuel Cell Bus Deployment
Ballard Power Systems today announced the commissioning and deployment of an initial 12 fuel cell-powered buses in the District of Sanshui, in the City of Foshan, in the Province of Guangdong, China. The buses will be operated by Foshan Sanshui Guohong Public Transit Co. Ltd., on demonstration route #682 from Gaofeng Park Station to Shuidu Industrial Park Station. The buses are 11 meters in length and feature advanced safety systems, 80..."/>
First Ballard-Powered Buses Hitting the Road in China's Largest Fuel Cell Bus Deployment
Mint, New Delhi, P. Manoj column [Mint, New Delhi]
InterGlobe Aviation Ltd, has started inducting updated Airbus A320neo planes into its fleet and, according to one analyst, could potentially raise its market share to as much as 50% by next year. IndiGo, which in 2011 became the first airline to order 430 of these fuel-efficient planes, has faced delivery delays as Pratt and Whitney Co. Inc., the maker of its engines, coped with engine startup issues and software glitches."/>
IndiGo adds new A320neos to fleet in market share push [Mint, New Delhi]
Religare Enterprises Ltd, plans to raise Rs650 crore through a sale of stock to existing shareholders to boost its capital adequacy ratio, two people close to the development said. The so-called rights issue comes against the backdrop of the company writing off its large exposure to ABG Shipyard Ltd. The exposure is estimated at Rs180 crore. Religare Finvest has a capital adequacy ratio of below 10%."/>
Religare Finvest plans to raise Rs650 crore through rights issue [Mint, New Delhi]
United Breweries Ltd chairman Vijay Mallya, at the centre of a money laundering probe, told shareholders on Thursday he was confident that charges against him will be dropped, hours after the company posted an over-13-fold rise in net profit. Net profit at United Breweries, India's largest brewer, rose to Rs.29.47 crore in the June quarter from Rs.2.16 crore in the same period a year ago, a BSE filing showed. The embattled business tycoon told the annual general..."/>
Vijay Mallya confident of judicial relief in pending cases [Mint, New Delhi]
No slowdown seen in commercial real estate [The Miami Herald]

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