Industry News

Air Canada announced today that it has completed its previously announced private offering of C $200 million of 4.75% senior secured first lien notes due 2023 and the..."/>
Air Canada Completes C$1.25 Billion Refinancing
Air Canada announced today that it has completed its previously announced private offering of C $200 million of 4.75% senior secured first lien notes due 2023 and the..."/>
Air Canada Completes C$1.25 Billion Refinancing
Hudson Technologies, Inc. today announced its support for the adoption of an amendment to the Montreal Protocol on Substances that Deplete the Ozone Layer, that would provide for the phasedown of hydrofluorocarbon refrigerants. The proposed amendment will be voted on at the annual meeting of the members of the Montreal Protocol, to be held this month in Kigali, Rwanda. Hudson was one of more than 500 national and international companies and organizations to..."/>
Hudson Technologies Supports Amendment to Montreal Protocol; Renews Commitment to the Orderly Phasedown of Refrigerants with High Global Warming Potential
WWT Partners with Prysm Software
Orient Cement Ltd, part of the CK Birla Group, on Thursday said it has agreed to acquire a 74% stake in Jaiprakash Associates Ltd's unit Bhilai Jaypee Cement Ltd for an enterprise value of Rs.1, 450 crore, in a move to expand business to newer states. Orient Cement also said it will acquire the 2 million tonne per annum Nigrie Cement grinding unit in Madhya Pradesh from another Jaypee Group company, Jaiprakash Power Ventures Ltd, for an enterprise value of Rs.500 crore."/>
Orient Cement to buy two cement assets from Jaypee Group for Rs1,950 crore [Mint, New Delhi]
Otis Gen2® Elevator Sales Hit Half Million
TriMas, a diversified, global manufacturer of engineered products, today announced that it will host its third quarter 2016 earnings conference call on Thursday, October 27, 2016. The conference call will begin at 10 a.m. Eastern Time and will follow the Company’ s release of third quarter 2016 earnings results at 8 a.m. that day.."/>
TriMas Announces Third Quarter 2016 Earnings Conference Call Date
Snap-on Incorporated will release 2016 third quarter results prior to the market open on Thursday, October 20, 2016. A conference call to discuss the results will be held at 10:00 a.m. ET on that day. The conference call, with accompanying slides, will be webcast live via the Internet."/>
Snap-on Incorporated to Webcast 2016 Third Quarter Results Conference Call
People Corporation is pleased to announce that it has closed its previously announced bought deal private placement financing with a syndicate co-led by Cormark Securities Inc. and Acumen Capital Finance Partners Limited, and including Laurentian Bank Securities. Pursuant to the Offering, the Company issued 5,439,500 common shares of the Company at a purchase price of..."/>
People Corporation Closes Bought Deal Private Placement Financing for Gross Proceeds of $20,126,150
Lockheed Martin continues to make technological advances in its electronic warfare portfolio that will keep the warfighter a step ahead. Navy awarded the company an initial $148.9 M contract for full rate production of Surface Electronic Warfare Improvement Program Block 2 systems with four additional option years to upgrade the fleet's electronic warfare capabilities so warfighters can respond to evolving threats."/>
Lockheed Martin to Upgrade U.S. Navy's Shipboard Electronic Warfare Systems
Mitsubishi Motors Thailand remains upbeat about its prospects for the pickup truck market this year despite falling sales in the first eight months. According to president and chief executive Morikazu Chokki, the Japanese carmaker expects demand to recover strongly in the final quarter. The company has further made minor changes to its Triton pickup to help stimulate demand in the fourth quarter."/>
Mitsubishi upbeat on pickup truck sales [Bangkok Post, Thailand]
SVG Capital intensified last night as Goldman Sachs and Canada Pension Plan Investment Board made a joint offer to buy the business. SVG said it was urgently examining the bid but did not say how much cash was on the table. Bidding was kicked off by US rival HarbourVest late last month, but SVG urged shareholders to reject the surprise pounds sterling 1 bn proposal and came up with an alternative plan to sell half its portfolio to Pomona..."/>
Two more bidders battle for pounds sterling 1bn takeover of SVG [Daily Mail, London]
Gulf Keystone Petroleum have been huge losers as hopes that the troubled oil company will strike it rich in Kurdistan have so far come to nothing. Despite this lamentable state of affairs, a handful of men at the top of the business have been making large sums. Intriguingly, they include Conservative MP Nadhim Zahawi, who before the Gulf Keystone debacle was probably best known as the multi-millionaire founder and former chief..."/>
How a Tory MP made pounds sterling 370,000 from oil firm with debts of pounds sterling 470million [Daily Mail, London]
Hill International, the global leader in managing construction risk, announced today that Craig L. Martin has been elected Chairman of the company’ s Board of Directors.. Martin, who joined Hill’ s Board in February 2016, has nearly 45 years of experience in the international engineering and construction industry. In December 2014, he retired as the President and Chief Executive Officer of Jacobs Engineering Group Inc., one of the world’ s largest and most..."/>
Craig L. Martin Elected Chairman of the Board of Directors at Hill International
Tecogen ® Inc., provider of clean energy products which, through patented technology, nearly eliminate criteria pollutants and significantly reduce a customer's carbon footprint, today announced the sale of two Tecochill RT Series 50- ton air-cooled chillers to Gas Natural Fenosa, Mexico. Headquartered in Barcelona, Spain, Gas Natural supplies natural gas and electricity to more than 23 million customers across Spain, Europe, Mexico,..."/>
Tecogen Sells Chillers to Gas Natural Fenosa
Delta Air Lines serves nearly 180 million customers each year. In 2016, Delta was named to Fortune's top 50 Most Admired Companies in addition to being named the most admired airline for the fifth time in six years."/>
Delta Air Lines Announces Webcast of September Quarter 2016 Financial Results
CIRCOR International, Inc., a leading provider of valves and other highly engineered products for markets including oil& gas, power generation and aerospace& defense, today announced preliminary financial results for the third quarter ended October 2, 2016.. The Company expects sales for the third quarter of 2016 to be in the range of $133 to $135 million, compared with the previous guidance range of $140 to $150 million. CIRCOR also expects GAAP EPS in the..."/>
CIRCOR Announces Preliminary Third-Quarter 2016 Financial Results
Huntington Ingalls Industries will release its third quarter 2016 financial results on Thursday, Nov. 3 and host an earnings conference call at 9 a.m. The call will be webcast live on HII’ s website: HII participants will include Mike Petters, president and CEO, and Chris Kastner, corporate vice president, business management, and chief financial officer."/>
Huntington Ingalls Industries to Host Third Quarter Earnings Conference Call and Webcast on Nov. 3
Ingersoll-Rand plc’ s Board of Directors declared a quarterly dividend of $0.40 per ordinary share, reflecting a 25 percent increase and an annual dividend rate of $1.60 per share, up from $1.28 per share. Ingersoll Rand, a world leader in creating comfortable, sustainable and efficient environments, has paid consecutive quarterly cash dividends on its common shares since 1919 and annual dividends since 1910.. The dividend is payable December 30, 2016, to..."/>
Ingersoll Rand Increases Dividend by 25 Percent

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