Industry News

Aurizon, Australia's largest rail freight operator, announced today the successful implementation of GE Transportation's Movement Planner into Aurizon Network's Control Center. This signifies a milestone along Aurizon's broader APEX solution implementation plan for rail network and supply chain management. "Investment in both..."/>
GE Transportation completes implementation within Aurizon's network
Air Lease Corporation has priced a public offering of USD750m total principal amount of 3.00% unsecured senior notes due 2023, it said on Tuesday. The notes will mature on 15 September 2023 and were offered to the public at a price of 98.658% of the face amount. Subject to satisfaction of customary closing conditions, the offering will close on 15 August 2016."/>
Air Lease prices public offering of USD750m senior notes due 2023
Delta Air Lines check-in counter at Manchester-Boston Regional Airport on Monday. An overnight power outage in Atlanta wreaked havoc with Delta's computer system, forcing the Atlanta-based airline to cancel hundreds of flights and causing long delays at airports. "We're stuck here," said Melanie Hartman, whose 12:30 p.m. flight home to Detroit went from delayed to canceled as she was checking in with her husband and their teenage..."/>
In NH, Delta delays put passengers to test [The New Hampshire Union Leader, Manchester]
Cemtrex announced on Tuesday that its net income was USD1.47m for the three months ended 30 June 2016.. This represents an increase of 77.5% when compared to net income of USD828, 758 for the three months ended 30 June 2015.. Net sales of USD24.71m were recorded for the three months ended 30 June 2016, up 69% over net sales of USD14.67m for the three months ended 30 June 2015.."/>
Cemtrex posts 69% rise in Q3 sales
SkyWest Inc reported on Monday that its board of directors authorised a quarterly dividend of USD0.05 per share. All shareholders of record at the close of business on 30 September 2016 will receive the 85th consecutive dividend on 7 October 2016.. The holding company for two scheduled passenger airline operations and an aircraft leasing company, SkyWest's airline companies provide commercial air service in cities in North America."/>
SkyWest announces 85th consecutive dividend of USD.05 per share
Delta Air Lines' global network endured widespread cancellations and long delays Monday after an electrical problem brought down critical computer systems at the company's nerve center in Atlanta. By late afternoon, the airline had canceled 650 flights, including 40 at Minneapolis-St. Paul International Airport, where it is the dominant player."/>
Computer outage keeps hundreds of Delta flights on the ground [Star Tribune (Minneapolis)]
Monster Worldwide, Inc. today reported summary financial results and a GAAP to Non GAAP reconciliation schedule for the second quarter ended June 30, 2016."/>
Monster Worldwide Reports Second Quarter 2016 Financial Results
Randstad Holding nv, a leading human resources services provider, and Monster Worldwide, Inc., a global leader in connecting jobs and people, today announced the signing of a definitive agreement under which Randstad will acquire Monster."/>
Randstad To Acquire Monster Worldwide To Transform The Way People And Jobs Connect
Will new policy change the way we fly? [Mint, New Delhi]
Delta Air Lines' global network endured widespread cancellations and long delays Monday after an electrical problem brought down critical computer systems at the company's nerve center in Atlanta. By late afternoon the airline had canceled 650 flights, including 40 at Minneapolis-St. Paul International Airport, where it is the dominant player."/>
Computer outage keeps hundreds of Delta flights on the ground [Star Tribune (Minneapolis)]
Delta Air Lines canceled hundreds of flights Monday and saw delays for many more after a computer outage wreaked havoc with the airline's entire operation, including one cancellation and at least two lengthy delays at Daytona Beach International Airport. Delta advised customers to check their flight status before heading to the airport. On Monday afternoon the company reported it had canceled 450 flights while operating nearly 1,700. The Atlanta-based airline's..."/>
More Tuesday flights canceled by Delta out of Daytona [The News-Journal, Daytona Beach, Fla.]
Delta Air Lines, suffering a debilitating power outage early Monday morning, said it is getting some flights back in the air, but that passengers can still expect numerous delays and cancelled flights until its system works through the shutdown. As of 5:30 p.m. Monday, the Atlanta-based airline said it has cancelled 650 flights because of the outage, which began at 2:30 a.m. Eastern time, impacting computer systems and forcing flights to be grounded around the world."/>
Update: Delta power outage zaps flights, CEO apologizes for 'any inconveniences' [Columbus Ledger-Enquirer, Ga.]
Melrose Industries Plc's takeover proposal for US-based industrial company Nortek, Inc. without Nortek having received a superior proposal, Melrose said. On 6 July, the companies announced a deal under which Melrose would acquire Nortek for USD 86 per share in cash, or USD 1.4 bn. In addition, as previously announced, all anti-trust conditions in relation to the acquisition have been satisfied, plus all..."/>
“Go Shop” Period Ends in Melrose Industries’ USD 1.4bn Deal to Buy Nortek
Delta Air Lines passengers' concerns extended well beyond the skies above Sarasota-Bradenton International Airport on Monday, after a computer crash canceled more than 400 flights worldwide and stranded thousands of passengers on a busy travel day. The glitch caused Delta's first two flights at the local airport, scheduled for 5:25 and 6:55 a.m., to be delayed about three hours. A third flight was to depart at 11:20 a.m. but was delayed until 3:11 p.m.."/>
Delta outage causes local, widespread travel issues [Sarasota Herald-Tribune, Fla.]
Delta Air Lines faced massive delays Monday morning after a computer system outage grounded planes worldwide for hours. The power outage started in Atlanta, where Delta's corporate offices are located, at about 2:30 a.m., affecting computer systems and flights, the airline said. By 7:30 a.m., Delta said "large-scale cancellations" were expected throughout the day."/>
Delta outage leads to major delays at South Florida airports [The Miami Herald]
Delta Air Lines on Monday saw their flights delayed due to a national computer crash. Delta Flight 1316 bound for Minneapolis didn't leave Boise until 6:58 a.m., an hour and 38 minutes past its scheduled departure time. The Salt Lake City flight, on Delta 2648, departed Boise at 6:59 a.m., 59 minutes later than scheduled."/>
Delta Air Lines flights out of Boise delayed [The Idaho Statesman]
A. O. Smith, a publicly-held, 140- year old company valued more than $2 billion, is one of the world's leading manufacturers of residential and commercial water heating equipment, as well as a manufacturer of water treatment products."/>
Austin's Aquasana scooped up in $87 million deal [Austin American-Statesman]
Delta Air Lines' computer systems and operations caused massive delays and cancellations across the globe, including at all Ohio airports. The airline's computer system failed due to a power outage in Atlanta that occurred around 2:30 a.m. early Monday morning. The system failure caused the airline to issue a worldwide ground stop, which was not lifted until 8:40 a.m.."/>
Delta systems outage causes 'significant' delays for passengers [Dayton Daily News, Ohio]
A. O. Smith Corp. has bought Texas-based water systems provider Aquasana, Inc. from Connecticut-based consumer-focused private equity firm L Catterton for USD 87 m in cash on a debt/cash-free basis, the company said. The purchase price is subject to a customary net working capital adjustment. A. O. Smith used available borrowing capacity on its USD 400 m revolving credit facility to fund the acquisition."/>
A. O. Smith Acquires US Water Treatment Company Aquasana for USD 87m

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