Industry News

Covanta Holding Corporation reported on Thursday that its board of directors authorised a quarterly cash dividend of USD0.25 per share. Stockholders of record as of the close of business on 3 October 2016 will receive the dividend payment on 7 October 2016.. A provider of sustainable waste and energy solutions through its subsidiaries in the US and Canada, Covanta has a network of treatment and recycling facilities."/>
Covanta announces dividend of USD0.25 per share for quarter
L&T Technology Services Ltd debuted at a 4.7% premium on the stock market on Friday, after the issue was subscribed 2.52 times earlier this month. L&T Technology Services's initial public offering bucks the trend among Larsen and Toubro Ltd's subsidiaries, as two of the company's units made a weak debut on the bourses. In July this year, L&T Infotech Ltd shares listed at a 1.74% discount to their issue price, while L&T Finance Holdings Ltd fell 3.94% when it..."/>
L&T Technology Services makes stock market debut at 4.7% premium [Mint, New Delhi]
Mitsubishi Heavy Industries, Ltd. has received an order from Yurikamome Inc. for 48 carriages to be adopted on its automated guideway transit system, the "Yurikamome Line," in Tokyo. The carriages on order will replace the long-serving "7200 Series" cars. Deliveries are scheduled to commence in June 2018 and will be completed in June 2020. Since fiscal 2013 MHI has supplied a total of 108 carriages in the "7300 Series" to Yurikamome as replacements for earlier..."/>
MHI Receives Order for 48 Carriages for Yurikamome Automated Guideway Transit System in Tokyo
Mitsubishi Heavy Industries Compressor Corporation, a Hiroshima-based Group company of Mitsubishi Heavy Industries, Ltd., and Mitsubishi Corporation, held an opening ceremony at its Head Office in Piracicaba, in Sao Paulo state, to mark the launch of full-scale operations. Plans call for MCO-B to develop the Latin American market for compressors, with a focus on..."/>
MCO-B, a Brazilian Subsidiary of Mitsubishi Heavy Industries Compressor Corp., Holds Opening Ceremony Marking Start of Full-scale Operations
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. 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.]
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.]
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

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