Industry News

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
New Flyer Industries Inc. confirmed today that, based on publicly-disclosed information, Marcopolo S.A., through its wholly-owned subsidiary, Marcopolo Canada Holdings Corp., has sold 4.5 million common shares of New Flyer, which represent approximately 7.4% of the issued and outstanding common shares of New Flyer."/>
Marcopolo Sells a Portion of its Shares in New Flyer, Remaining New Flyer's Largest Shareholder, and Confirms Ongoing Commercial Cooperation Initiatives
Covanta Holding Corporation today announced that the Board of Directors has declared a quarterly cash dividend of $0.25 per share, payable on October 7, 2016 to stockholders of record as of the close of business on October 3, 2016.. About Covanta Covanta is a world leader in providing sustainable waste and energy solutions. Annually, Covanta's modern Energy-from-Waste facilities safely convert approximately 20 million tons of waste..."/>
Covanta Declares Regular Quarterly Cash Dividend
Raytheon Company declares quarterly cash dividend
Enphase Energy, Inc., today announced that it intends to offer and sell shares of its common stock, subject to market and other conditions, in an underwritten public offering. Enphase also expects to grant the underwriters a 30- day option to purchase up to an additional 15% of the number of shares of common stock offered in the public offering to cover over-allotments, if any. Enphase anticipates using the net proceeds from the proposed offering for general..."/>
Enphase Energy Announces Proposed Public Offering of Common Stock
Enphase Energy, Inc., a global energy technology company, today announced restructuring and cost savings initiatives that are expected to result in approximately $20 million of annualized operating expense savings. Enphase is reducing approximately 11 percent of its global workforce and eliminating certain non-core projects. The Company expects to incur aggregate restructuring charges in the third quarter of 2016 of approximately $3.0 million,..."/>
Enphase Energy Announces Restructuring Initiatives and Quarterly Outlook Update
AAR CORP. today reported first quarter Fiscal Year 2017 consolidated sales of $404.8 million and income from continuing operations of $9.9 million, or $0.29 per diluted share. For the first quarter of the prior fiscal year, the Company reported sales of $386.7 million and income from continuing operations of $7.4 million, or $0.21 per diluted share. "Our Aviation Services segment delivered strong results once again as sales in the first..."/>
AAR Reports First Quarter Fiscal Year 2017 Results
AECOM in the U.S. District Court for the Central District of California. The complaint is brought on behalf of all purchasers of AECOM securities between February 11, 2015 and August 15, 2016, for alleged violations of the Securities Exchange Act of 1934 by AECOM's officers and directors."/>
Robbins Arroyo LLP: AECOM (ACM) Misled Shareholders According to a Recently Filed Class Action
FedEx says it will hire 2,500 workers in the Memphis area to help with the holiday season package push. The Memphis-area hires will be among more than 50,000 seasonal employees added companywide to deal with what's predicted to be another record volume peak. Information is available at"/>
BRIEF: More than 12,000 holiday jobs available at local distribution companies [The Commercial Appeal, Memphis, Tenn.]

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