Industry News

General Electric Co. and a joint venture between Pratt& Whitney and Honeywell International Inc.. Advanced Turbine Engine Co., the venture between Honeywell and East Hartford-based Pratt& Whitney, the jet engine manufacturing subsidiary of United Technologies Corp., received a $154 million contract. GE won a $102 million contract."/>
Pratt & Whitney, Honeywell Partner For $154 Million Army Helicopter Contract [The Hartford Courant]
Polychem Corp., home to the world's largest plastic strapping plant under one roof, recently was approved for a $10,000 Mentor Economic Development Grant to be used toward moving the operations of RC Packaging in Michigan to Mentor. The international packaging products and equipment maker employs more than 400 people throughout the country and 157 in two Mentor..."/>
Polychem expansion entails new payroll, jobs in Mentor [The News-Herald, Willoughby, Ohio]
Alexion Pharmaceuticals, one of the participants in the program."/>
Malloy calls First Five program a huge success for Connecticut [New Haven Register, Conn.]
SolarCity will lay off 108 employees from two California offices, as the company struggles with costs and prepares for a takeover from Tesla Motors. The company will cut 80 employees from its San Mateo headquarters and another 28 from its San Francisco facility. The layoffs are expected to begin Oct. 19, according to a filing with the state."/>
SolarCity to lay off 108 workers in San Mateo, San Francisco [East Bay Times]
SolarCity will lay off 108 employees from two California offices, as the company struggles with costs and prepares for a takeover from Tesla Motors. The company will cut 80 employees from its San Mateo headquarters and another 28 from its San Francisco facility. The layoffs are expected to begin Oct. 19, according to a filing with the state."/>
SolarCity to lay off 108 workers in San Mateo, San Francisco [Mercury News]
Delta Air Lines and is the first time in 25 years that United has flown the route. "This rounds out our multiple carrier service in all of our top 20 markets," airport spokesman Brian Lassaline said this afternoon."/>
United to add nonstops from Detroit to San Francisco [Detroit Free Press]
Westshore Terminals Investment Corporation, which shares were purchased on August 23, 2016, through recognized Canadian Stock Exchanges. This acquisition brings the total holdings in the common shares of Westshore by GPCC, together with certain affiliates, to 18,494,500 common shares, representing approximately 25.13% of the outstanding..."/>
Early Warning Report Filed Pursuant to National Instrument 62-103
CST Brands Inc. announced Tuesday that its board of directors has approved an offer from Alimentation Couche-Tard Inc. for its 2,000 gas and convenience stores, clustered primarily in the Southwest with some locations in Florida, Georgia, New York and eastern Canada. In 2011, Alimentation Couche-Tard Inc. bought 19 gas and convenience stores owned by..."/>
Parent company of Circle K stores buying Texas rival [Portland Press Herald, Maine]
eHi Car Services Limited, a leading car rentals and car services provider in China, today announced its unaudited financial results for the second quarter ended June 30, 2016.. Second Q uarter 2016 Highlights. Net revenues increased by 47.5% year-over-year to RMB501.3 million for the second quarter of 2016, from RMB339.9 million for the second quarter of 2015. Gross profit 2 increased by 118.3% year-over-year to RMB141.5 million for the..."/>
EHi Car Services Announces Second Quarter 2016 Results
EnerSys will replace DreamWorks Animation SKG Inc. in the S&P MidCap 400, and Wabash National Corp. will replace EnerSys in the S&P SmallCap 600 after the close of trading on Thursday, August 25. S&P 500 constituent Comcast Corp acquired DreamWorks Animation in a deal completed today. EnerSys manufactures, markets, and distributes industrial batteries."/>
EnerSys to Join S&P MidCap 400; Wabash National to Join S&P SmallCap 600
Horizon North Logistics Inc. announced today that it has completed the previously announced acquisition of Empire Camp Equipment Ltd.. "The Acquisition will help to solidify Horizon North's Industrial services offering, leading to further diversification of both our geographical footprint and exposure to non-energy based projects, while also providing added traction in our more traditional markets," commented Rod Graham, President and Chief..."/>
Horizon North Logistics Inc. Announces Completion of Strategic Acquisition
Horizon North Logistics Inc. announced today that it has completed the previously announced acquisition of Empire Camp Equipment Ltd.. "The Acquisition will help to solidify Horizon North's Industrial services offering, leading to further diversification of both our geographical footprint and exposure to non-energy based projects, while also providing added traction in our more traditional markets," commented Rod Graham, President and..."/>
Horizon North Logistics Inc. Announces Completion of Strategic Acquisition
Bluedrop Performance Learning today reported its financial results for the three months ended June 30, 2016.. Revenue for the three months ended June 30, 2016 was $5.9 million, up from $5.4 million, an increase of 10% on the same period in the previous year."/>
Bluedrop Releases Q3 2016 Financial Results
Delta Air Lines at Blue Grass Airport in Lexington. The airport and Delta announced the new service Tuesday."/>
Delta to start year-round flights to Twin Cities in late October [Lexington Herald-Leader]
Honeywell International Inc. for preliminary design of a Black Hawk helicopter engine. The two-year contract for the venture, known as the Advanced Turbine Engine Co. of Honeywell and the jet engine-manufacturing subsidiary of United Technologies Corp., is for the design of an advanced engine. The Army specifications require the engine to be 50 percent more powerful, 25 percent more fuel..."/>
Pratt & Whitney, Honeywell Partner For $154 Million Army Helicopter Contract [The Hartford Courant]
Southwest Airlines Co. announced today that Randy Babbitt, Senior Vice President of Labor Relations, is retiring after 50 years in the commercial aviation industry. Babbitt joined Southwest in 2012 and has spent the last four years leading the carrier's Labor Relations Team. "We wish Randy all the best in his retirement after a long and distinguished career in aviation," said Mike Van de Ven, Southwest Airlines Executive Vice President and Chief..."/>
Randy Babbitt Announces Retirement From Southwest Airlines
Dycom Industries, Inc. announced today its results for the fourth quarter and fiscal year ended July 30, 2016. Contract revenues of $789.2 million for the quarter ended July 30, 2016, compared to $578.5 million for the quarter ended July 25, 2015. Contract revenues for the quarter ended July 30, 2016 grew 20.0% on an organic basis after excluding contract revenues from acquired businesses that were not owned for the entire period..."/>
Dycom Industries, Inc. Announces Fiscal 2016 Fourth Quarter And Annual Results And Provides Guidance For The Next Fiscal Quarter
Westport Fuel Systems Inc. provides the next generation natural gas engine and vehicle technology solutions to comply with the recently announced standards for greenhouse gas emissions and fuel efficiency. Environmental Protection Agency and the Department of Transportation's National Highway Traffic Safety Administration jointly released the Phase 2 GHG emissions..."/>
Westport Fuel Systems Provides Economical Environmental Solutions
Westport Fuel Systems Inc. provides the next generation natural gas engine and vehicle technology solutions to comply with the recently announced standards for greenhouse gas emissions and fuel efficiency. Environmental Protection Agency and the Department of Transportation's National Highway Traffic Safety Administration jointly released the Phase 2 GHG..."/>
Westport Fuel Systems Provides Economical Environmental Solutions

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