Industry News

Norfolk Southern Corp. presented plans Monday night to Swanton Village Council for a seven-track "staging yard" along its main line through the village for parking, inspecting, and occasionally repairing trains. Railroad representatives said the facility would primarily be used for coal trains, but could not rule out trains hauling other commodities using it. The yard would mostly be in Swanton Township, but its west end would connect to an existing siding track..."/>
Railroad aims to build yard for staging in Swanton area [The Blade, Toledo, Ohio]
Astrotech Corporation subsidiary 1 st Detect Corporation and strategic partner Battelle Memorial Institute completed the Brassboard Phase and were awarded the Final Prototype Phase of the US military’ s Next Generation Chemical Detector Multi-Sample Identifier Technology Maturation and Risk Reduction Program. During this upcoming phase, 1 st Detect will deliver multiple OEM-1000NG Core..."/>
Astrotech’s 1st Detect and Battelle Collaboration Awarded Phase III of the DOD’s JPEO-CBD Next Generation Chemical Detection Solution
Cubic builds diversity programs to help drive culture and innovation companywide. SAN DIEGO---- Cubic Corporation today announced the naming of Darryl S. Albertson as the new chief human resources and diversity officer. In this newly created role, Albertson will broaden Cubic’ s commitment to supporting and promoting diversity and inclusion initiatives among its customers, suppliers and employees."/>
Cubic Strengthens Commitment to Diversity by Naming Darryl Albertson as Chief Diversity Officer
CES Synergies, Inc. is pleased to announce that its subsidiary, Cross Environmental Services, Inc., has received a subcontract and has begun demolition services on a multi-million dollar renovation to a premier South Florida hotel. The subcontract is valued at just under $500,000.00.. CES will perform the selective demolition of interior and exterior components."/>
CES Synergies, Inc. Receives Subcontract and Related Notice to Proceed for Hotel Renovation
Raven Industries, Inc. today reported financial results for the second quarter that ended July 31, 2016.. Strong sales from new product introductions and continued strength in international markets drove Applied Technology sales 13.2 percent higher year-over-year; Applied Technology successfully launched its next-generation rate control module with John Deere via a limited production release to select John Deere dealers in advance of a..."/>
Raven Industries Reports Second Quarter Fiscal 2017 Results
Essex Rental Corp. today announced its pro forma unaudited consolidated results for the second quarter ended June 30, 2016.. In an effort to provide as much useful information as practicable to our investors, the pro forma financial results presented herein are based on the consolidated unaudited financial results of Essex Rental Corp., but exclude the operations of Essex Crane Rental Corp.."/>
Essex Rental Corp. Reports 2016 Second Quarter Pro Forma Results
American Woodmark Corporation today announced results for its first fiscal quarter ended July 31, 2016.. Net sales for the first fiscal quarter increased 12% to $258.2 million compared with the same quarter of the prior fiscal year. The Company experienced growth in all channels during the first quarter of fiscal year 2017.."/>
American Woodmark Corporation Announces First Quarter Results
IHS Markit, a world leader in critical information, analytics and solutions. “At the moment, Netflix has 79.9 million total paying subscribers,” said Irina Kornilova, senior analyst at IHS Technology.“ By 2018, international subscribers will..."/>
Majority of Netflix Subscribers to be Outside US by 2018, IHS Markit Says
Lockheed Martin announced today a final proration factor of approximately 8.05 percent for its exchange offer for shares of Lockheed Martin common stock in connection with the transaction to separate its Information Systems& Global Solutions business segment and merge it with a subsidiary of Leidos Holdings, Inc., which successfully closed on August 16, 2016.. Based on the final count by the exchange agent, a total of 95,518,064 shares of Lockheed Martin common..."/>
Lockheed Martin Announces Final Proration Factor of Approximately 8.05 Percent for Shares Tendered in Exchange Offer for IT and Technical Services Businesses
Engility Holdings Inc on Monday announced the appointment of Michael Grasso as senior vice president for business development and strategic planning. In his new role, Grasso will report directly to CEO Lynn Dugle. Grasso joins Engility after a 35- year tenure at Lockheed Martin, where he most recently served as vice president, Government Relations."/>
Engility names Michael Grasso as SVP for Business Development and Strategic Planning
Inox Wind Ltd, India's second largest wind-turbine maker by market share, expects to get a boost from the upcoming wind-solar hybrid policy, the newly-announced central tender of 1 gigawatt under reverse bidding, and implementation of a renewable generation obligation on power producers, the company's executive director Devansh Jain said in a phone interview on Monday. Jain said Inox Wind is waiting for the hybrid policy for wind and solar energy to be announced..."/>
Inox Wind says hybrid wind-solar policy will boost growth [Mint, New Delhi]
AT&T announces Cuba voice, text, data service [Sun Sentinel]
Microsoft founder's fortune to $90 billion. Strong performances from Canadian National Railway Co. and Ecolab Inc. moved Gates $13.5 billion ahead of the second richest man in the world, Spanish retail magnate Amancia Ortega."/>
BRIEF: Bill Gates' net worth hits record high $90 billion, website reports [NOLA Media Group, New Orleans]
Ten Pao Group Holdings Limited, a leading one-stop manufacturer of switching power supply units in China, has announced its unaudited interim results for the six months ended 30 June 2016. The Group's revenue and net profit have both recorded significant increases in the first half of 2016. During the Period, driven by the substantial rise in orders for switching power supply units for consumer and industrial products, the Group's revenue increased by..."/>
Ten Pao Group Announces Satisfactory 2016 Interim Results

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