Industry News

Paragon Shipping Inc. today announced it has commenced an offer to exchange all properly delivered and accepted 8.375% senior notes due 2021 issued in $25.00 denominations with CUSIP number 69913 R-507 for shares of common stock of Paragon. Each holder of a Paragon Note who validly delivers and does not withdraw all Paragon Notes held by such Holder shall receive 6 shares of Common Stock for each Paragon Note, which shall include any..."/>
Paragon Shipping Inc. Announces Exchange Offer to Retire All of the Outstanding 8.375% Senior Notes due 2021
L-3 Communications disclosed on Tuesday that retired US Air Force Lt Gen Charles R.' C.R' Davis takes over as senior vice president of Strategy at its Aerospace Systems business segment, with immediate effect. With over three decades of aerospace and defense experience, Davis in this newly created role will report to the segment's president Mark Von Schwarz. Most recently, Davis served as the president and chief executive officer at Seabury Global Aerospace& Defense Consulting."/>
L-3 names Charles R. 'C.R' Davis as SVP of Strategy at its Aerospace Systems business segment
Accuride Corp. in Erie is expected to change following the news last week that the company will be sold, pending shareholder approval. Timothy Weir, a spokesman for the Indiana-based company, called the sale good news that's not expected to affect employment at the company's plant on East 12th Street, which has 43 salaried and 214 hourly employees. Accuride's prospective new owner-- after the sale is finalized later this year-- would..."/>
Business as usual at Accuride in Erie after sale announcement [Erie Times-News, Pa.]
Harley-Davidson chief executive officer Keith Wandell has been named Dana Inc.' s interim board chairman after the death of Joseph C. Muscari. Wandell, 66, has been a member of the Maumee auto parts supplier's board of directors since 2008. He served as president and CEO of Harley-Davidson from 2009 to 2015 and had top leadership posts at Johnson Controls."/>
BRIEF: Dana names Wandell board chairman [The Blade, Toledo, Ohio]
Surna Inc., a technology company that engineers state-of-the art equipment for controlled environment agriculture with special expertise in cannabis cultivation, be represented by Director of Technology Stephen Keen at the Cannabis World Congress& Business Exposition."/>
Surna Inc. Continues Thought Leadership at Cannabis World Congress & Business Exposition
Essex Rental Corp. today reminds stockholders that the Company will reconvene the annual stockholder meeting on September 9, 2016 at 12 Noon Eastern time at the offices of Brown Rudnick LLP at Seven Times Square, 47 th Floor, New York, NY 10036 so that the business of the meeting may be conducted upon achievement of a quorum. In addition, the presentation from the annual stockholder meeting on August 25, 2016 can be found on the Company’ s website at..."/>
Essex Rental Corp. Reminds Stockholders of Reconvened Annual Stockholder Meeting
Cubic Transportation Systems president recognized for contributions to the transportation industry. SAN DIEGO---- Cubic Corporation today announced that Matt Cole, its senior vice president and president of Cubic Transportation Systems business unit, was recognized by Mass Transit magazine as one of its Top 40 Under 40 honorees. The eighth annual Mass Transit Top 40 Under 40 list honors those professionals under the age of 40 who have made significant contributions to the..."/>
Cubic Executive Matt Cole Named to Mass Transit’s “Top 40 Under 40” List
Argan Inc on Wednesday reported net income attributable to the stockholders of the company of USD19.7m or USD1.29 diluted earnings per share attributable to the stockholders of the company for its second quarter ended 31 July 2016, an increase from the net income of USD11.3m or USD0.75 diluted earnings per share attributable to the stockholders of the company in the same quarter last year. Revenues for the second quarter were USD162.5m, greatly increased from the revenues..."/>
Argan reports record net income for Q2 2016 year over year
Orion Group Holdings, Inc. a leading specialty construction company, today announced its Heavy Civil Marine Construction segment, Orion Marine Group, partnering with Watts Constructors, was recently awarded a $25.6 million contract by the Naval Facilities Engineering Command of Silverdale, Washington. The project entails constructing a pile-supported approach trestle and pier for the P-993 Transit Protection System Forward Operating Location..."/>
Watts-Orion Joint Venture Awarded Transit Protection System Contract by the U.S. Navy
Southwest Airlines Co. today reported its August and year-to-date preliminary traffic statistics. The Company flew 10.7 billion revenue passenger miles in August 2016, an increase of 3.6 percent from the 10.3 billion RPMs flown in August 2015. Available seat miles increased 4.6 percent to 12.7 billion in August 2016, as compared with August 2015 ASMs of 12.1 billion."/>
Southwest Airlines Reports August Traffic
Univar reported on Tuesday the launch of an intention distribution agreement with Innophos Nutrition for the Canadian nutritional and natural health market. Effective 15 September 2016, Univar will distribute Innophos Nutrition's bioactive mineral ingredients, unique enzyme formulations, premium botanical ingredients and specialty blends exclusively in Canada. With a broad portfolio of products and value-added services and deep technical and market expertise,..."/>
Univar signs intention agreement with Innophos Nutrition for Canada
Staffing 360 Solutions, Inc., a public company executing a global buy-and-build strategy through the acquisition of staffing organizations in the US and UK, is hosting its previously announced conference call today, Wednesday, September 7, 2016, at 9:00 am Eastern to discuss its financial results for the fiscal year and fiscal fourth quarter ended May 31, 2016.. Speakers will include: Brendan Flood, Executive Chairman; Matt Briand, President and Chief..."/>
Staffing 360 Solutions Hosts Fiscal 2016 Earnings Conference Call Today at 9:00 AM Eastern
HD Supply Holdings, Inc., one of the largest industrial distributors in North America, today reported Net sales of $2.0 billion for the second quarter of fiscal 2016 ended July 31, 2016, an increase of $79 million, or 4.1 percent, as compared to the second quarter of fiscal 2015. The company believes its sales performance represents growth of approximately 100 basis points in excess of its market growth estimate. “We delivered solid growth, operating leverage..."/>
HD Supply Holdings, Inc. Announces Fiscal 2016 Second-Quarter Results
Arcam’s board recommends shareholders accept offer by GE
Arcam’s board recommends shareholders accept offer by GE
Fluor Corporation disclosed on Wednesday the mechanical completion on a citral facility and associated infrastructure for BASF PETRONAS Chemicals in Kuantan, Malaysia, a joint venture between BASF and PETRONAS Chemicals Group. The company said it did the front-end engineering and design, engineering, procurement and construction management on the citral facility and its associated infrastructure, as part of the Integrated Aroma Ingredients Complex."/>
Fluor announces mechanical completion of citral facility for BASF PETRONAS Chemicals

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