Industry News

Microsoft and Amazon Web Services in the cloud marketplace in India by announcing that it plans to set up its first data centre in Mumbai by 2017-- a strategy that will help the company cater to a larger number of Indian developers and enterprise customers. It will help Google especially in the financial services industry since regulations in this sector do not permit data to be transmitted outside the country."/>
Google to launch first data centre in Mumbai to take on Microsoft, Amazon [Mint, New Delhi]
Navistar's Truck Specialty Center Bargaining Unit continued to negotiate with company officials as the unit's contract was set to expire just after midnight Friday. The current contract was scheduled to expire at 12:01 a.m. Saturday, according to information from the United Auto Workers Local 402, which is representing the unit in the negotiations. It was not clear whether the sides were close to reaching a deal late Friday, and company officials did not..."/>
Navistar Springfield union contract expires soon, talks ongoing [Springfield News-Sun, Ohio]
Lockheed Martin Corp., the parent company of Sikorsky, sought $400 million in savings to makeits CH-53K heavy-lift helicopter."/>
Union Asks Members For Pay Cut In Sikorsky Deal [The Hartford Courant]
WesternOne Inc. announced today that it will hold a special meeting of shareholders to authorize WesternOne's board of directors to consolidate WesternOne's issued and outstanding common shares at a ratio to be determined by the board of directors but within the range of one post-consolidation common share for every 10 to 40 pre-consolidation common shares. WesternOne currently has 595,596,747 common shares issued and..."/>
WesternOne Inc. Announces Proposed Share Consolidation
AutoZone employees from around the world. It was the Memphis-based auto parts retailer's way of injecting a shot of wow into its 14th consecutive national sales meeting centered at Memphis Cook Convention Center."/>
AutoZone's national sales meeting highlights convention center push toward future [The Commercial Appeal, Memphis, Tenn.]
Rennova Health, a medical testing firm headquartered in West Palm Beach, remains the worst performer among local stocks. Shares have plunged 86 percent in the first nine months of the year."/>
3 THINGS TO KNOW: Local Company StocksWho's up, down through Q3 [The Palm Beach Post, Fla.]
KBR Revises Guidance for 2016
Rand Logistics, Inc., a leading provider of bulk freight shipping services throughout the Great Lakes Region, announced the Company will be donating in excess of $125,000 to children’ s charities designated by its customers as a result of its Marine Miracle Month Program.. Rand introduced the Marine Miracle Month program earlier this year announcing that the Company will donate $0.05 for every ton of cargo carried by its fleet during August 2016 to..."/>
Rand Logistics Announces Marine Miracle Month Program Results
C.H. Robinson Completes Acquisition of APC Logistics
Seanergy Maritime Holdings Corp. has entered into agreements with an unaffiliated third party for the purchase of two secondhand Capesize vessels for a total of USD 41.5 m, the company said. Each vessel has a cargo-carrying capacity of approximately 180,000 deadweight tons. The vessels were both built in 2010 at Hyundai Heavy Industries in South Korea."/>
Seanergy Maritime to Acquire Two Dry Bulk Vessels for USD 41.5m
Shanks Group Plc has agreed to merge with Dutch recycler van Gansewinkel group BV to form a leading waste-to-product business in the Benelux region, the companies said. Under the deal, Shanks will pay cash and share consideration to VGG's ultimate beneficial shareholders of EUR 482 m. The combined group is expected to achieve annual risk-weighted pre-tax cost synergies of approximately EUR 40 m in the third full year..."/>
Shanks Group to Merge with Dutch Recycling Group van Gansewinkel
AZZ Inc., a global provider of galvanizing services, welding solutions, specialty electrical equipment and highly engineered services, today announced its Board of Directors has authorized a quarterly cash dividend in the amount of $0.17 per share on the company's outstanding shares of common stock. The dividend is payable on November 1, 2016, to shareholders of record as of the close of business on October 18, 2016.."/>
AZZ Announces a 13.3% Increase in Quarterly Cash Dividend from $0.15 Per Share to $0.17 Per Share
Huntington Ingalls Industries announced today that its Newport News Shipbuilding division has received a $12 million contract from the U.S. Navy for planning work on the aircraft carrier USS Dwight D. Eisenhower as part of its planned incremental availability.. The contract is for work to be completed by Sept. 17, 2017, at Newport News and will include planning, material procurement and fabrication in support of executing the required work."/>
PHOTO RELEASE--Huntington Ingalls Industries Awarded Planning Contract for USS Dwight D. Eisenhower (CVN 69)
Norfolk Southern Corporation's safety train rolled into Greenville, S.C., this week, hosting 213 area emergency responders who received advanced training in safely handling potential rail incidents involving hazardous materials. "The safety train is a mobile technical training center– a vocational school– for the continuing education of first responders and representatives of government agencies who support Norfolk Southern's..."/>
Greenville, S.C., area emergency responders hone their skills on Norfolk Southern safety train
Macquarie Infrastructure Corporation has scheduled a conference call and webcast for analysts and investors at 8:00 a.m. Eastern Time on Tuesday, November 1, 2016 during which management of MIC will discuss the Company’ s financial results for the third quarter of 2016. MIC intends to publish a press release summarizing its financial results after the close of market trading on Monday, October 31, 2016.. Interested individuals are invited to access the conference..."/>
Macquarie Infrastructure Corporation to Conduct Conference Call and Webcast Covering Third Quarter 2016 Financial Results Tuesday, November 1, 2016
Vectrus Inc. shares Friday after the Colorado Springs-based defense contractor announced Thursday it lost its largest military contract. Vectrus shares plunged $12.78, or 46.3 percent, by 10:30 a.m. Friday to $14.85, a new low, on the biggest trading volume in the nearly two years the company's shares have traded separately on the New York Stock Exchange. Vectrus shares jumped to a record $34.56 just a month ago before two major contract losses."/>
Colorado Springs company's stock plummets after loss of defense contract [The Gazette (Colorado Springs, Colo.)]
AutoZone employees from around the world. It was the Memphis-based auto parts retailer's way of injecting a shot of wow into its 14th consecutive national sales meeting centered at Memphis Cook Convention Center."/>
AutoZone's national sales meeting highlights convention center push toward future [The Commercial Appeal, Memphis, Tenn.]
United Technologies Corp., inducted six new Fellows during a ceremony Monday evening. The event also marked the promotion of seven Fellows to Senior Fellow or as a Discipline Lead, which infuses new energy and creativity into the flourishing 14 year old program. UTC Aerospace Systems' Fellows are individuals who demonstrated exceptional knowledge, judgment and leadership in their technical discipline."/>
UTC Aerospace Systems' Innovators Advance in Fellows Program
Watts Water Technologies, Inc. today announced that Robert Pagano, its President and Chief Executive Officer and Todd Trapp, its Chief Financial Officer, will present at the Baird 2016 Industrial Conference at the Four Seasons Hotel in Chicago, IL on Wednesday, November 9, 2016, at 2:00 p.m. Central. The presentation will be broadcast via a webcast. The address of the webcast is with replays available for 90 days..."/>
Watts Water Technologies Announces Webcast of Its Presentation at the Baird 2016 Industrial Conference
Spirit AeroSystems facility in Chanute, Kan., effective Sept. 30, 2016.. "This acquisition jump starts our plans to build major complex assemblies for the commercial aerospace industry and renews our long standing relationship with Spirit AeroSystems," said Charlie Newell, CEO of Orizon. As a part of the agreement, the current statement of work from the Spirit facility and 35..."/>
Orizon Aerostructures Acquires Spirit AeroSystems' Chanute Operations

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