Industry News

Siemens AG, the 165- year-old global engineering and technology giant that reported a revenue of E75.6 billion in fiscal 2015. Born in Stuttgart, Germany, the 46- year-old member of the managing board, head of human resources, people and leadership, and chief diversity officer of Siemens,..."/>
India is among the top 5 in terms of Siemens's people and growth: Janina Kugel [Mint, New Delhi]
OCEANTEAM ASA - PARETO CONFERENCE PRESENTATION 2016
AB SKF on 31 March 2016, this is to announce the representatives of the four largest shareholders by number of votes, who, together with the Chairman of the Board, constitute the Nomination Committee in preparation of the Annual General Meeting 2017.. The Annual General Meeting of AB SKF will be held in Gothenburg on Wednesday, 29 March, 2017.. Shareholders who wish to submit proposals on..."/>
Nomination Committee of AB SKF for the Annual General Meeting 2017
Siemens AG, the 165- year-old global engineering and technology giant that reported a revenue of E75.6 billion in fiscal 2015. Born in Stuttgart, Germany, the 46- year-old member of the managing board, head of human resources, people and leadership, and chief diversity officer of Siemens, studied..."/>
India is among the top 5 in terms of Siemens's people and growth: Janina Kugel [Mint, New Delhi]
Cummins Inc.' s Jamestown engine plant, a cornerstone of manufacturing in Chautauqua County, is preparing to launch a new engine line. The new X15 series will serve heavy-duty trucks, and reinforces the plant's viability within Indiana-based Cummins. The Jamestown plant will be the only Cummins facility to produce the X15 series."/>
Cummins' Jamestown plant revs up for new engine line [The Buffalo News, N.Y.]
Daily Mail, London, business briefs column [Daily Mail, London]
Lockheed Martin employees who faced layoffs when the company's Air Force training contract ended in late September will be rehired immediately by a new contractor. AOCE, a Virginia-based company, is taking over training on Oct. 1.. "Our chief executive, chief financial and chief operations officers are all in Albuquerque right now in meetings with Lockheed Martin staff and union representatives to get this transition done efficiently, effectively and on time,"..."/>
Lockheed workers to be re-hired by new contractor [Albuquerque Journal, N.M.]
FedEx is all about planning for the peak shipping season between Black Friday and Christmas. As it makes final preparations for the upcoming peak, the company is thinking at least five years out, as evidenced by a recently announced lease agreement with Atlas Air to furnish five aircraft and pilots during peak seasons of 2017-2021.. Hub City Insider has more."/>
BRIEF: FedEx looking five years out in peak season planning [The Commercial Appeal, Memphis, Tenn.]
Honeywell Aerospace, but it didn't take long for them to implode. After the meeting, the United Auto Workers Local 9 issued a press release that said Honeywell "brought no new proposals to settle the lockout" and accused the company of not allowing the union to conduct a full health and safety review of the South Bend facility. The union said it filed an action on Wednesday with the..."/>
UAW accuses Honeywell of blocking safety inspection [South Bend Tribune, Ind.]
Patrick Industries, a supplier of components for the recreational vehicle and manufactured housing industries, has been named the 2016 Indiana Public Company of the Year. The Elkhart-based publicly traded company was recognized at an awards banquet Thursday during the INVESTIndiana Equity Conference at the Indianapolis Marriott Downtown. A pair of other Elkhart RV companies were also recognized."/>
Patrick Industries named Indiana public company of the year [South Bend Tribune, Ind.]
RYANAIR boss Michael O'Leary was brought down to earth last night by shareholders protesting about his pounds sterling 2.7 m pay package. The outspoken 55- year-old faced a pay revolt for the third year running, with 17 pc of shareholders refusing to back lavish rewards at the firm. While performance at the airline was well received, investors were unhappy that there were no clear targets for O'Leary's pounds sterling 2.73 m reward– up 33 pc on the year."/>
Ryanair faces a third revolt over O'Leary's mega pay deal [Daily Mail, London]
BARCLAYS analysts sent EasyJet shares lower with an update on the airline sector. In a note, the broker said the industry had faced the most challenges since the last recession. Barclays said a lower oil price boosted fuel savings, but cautious travellers made demand uncertain."/>
EasyJet drops over fears travel market may falter [Daily Mail, London]
BAE Systems' West Manchester Township facility was awarded an Army contract worth nearly $54 million to upgrade and repair tanks in Brazil, according to a U.S."/>
BRIEF: BAE awarded $54 million Army contract [The York Dispatch, Pa.]

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