Industry News

Caterpillar reported falling earnings in the most recent quarter and as a result, job losses are expected in the second half of the year, but the company isn't saying where those losses will fall. Caterpillar Inc. reported consolidated sales and revenue of $10.3 billion for the second quarter of 2016, down 16 percent from $12.3 billion in the second quarter of 2015.. The company also announced profit per share of 93 cents for..."/>
Falling revenue leads to expected job cuts at Caterpillar [Dayton Daily News, Ohio]
H2O Innovation Inc. announces the completion of the previously announced acquisition of all the memberships interests of Utility Partners, LLC, a US-based company specializing in the operation and maintenance of water and wastewater treatment plants, for a total consideration of US $17.0 M."/>
H2O Innovation Announces Completion of the Acquisition of Utility Partners, Closing of Concurrent Private Placements for Approximately $23 M
Chicago home prices on the rise [Chicago Tribune]
Eaton Corporation plc and certain of its senior executives for violations of Sections 10 and 20 of the Securities Exchange Act of 1934 and U.S. Securities and Exchange Commission Rule 10 b-5. Investors who purchased or otherwise acquired shares between November 13, 2013 and July 28, 2014 inclusive are encouraged to contact the firm in advance of the September 23, 2016 lead plaintiff motion..."/>
INVESTOR NOTICE: Goldberg Law PC Announces Securities Class Action Lawsuit Against Eaton Corporation plc and Encourages Investors With Losses to Contact the Firm
General Dynamics NASSCO marked its seventh ship delivery in the span of just over a year. The Garden State, an ECO Class tanker built for longtime customer American Petroleum Tankers, was delivered during a special signing ceremony and is one of three classes of ships delivered by the San Diego-based shipyard since June of last year. "In the past year, NASSCO shipbuilders have delivered seven ships– or the equivalent to 100,000..."/>
General Dynamics NASSCO Marks Seventh Ship Delivery in Just Over a Year
United Technologies Corp. on Tuesday posted better than expected second-quarter revenue and profit and raised its profit outlook for the year. The Farmington-based manufacturer of elevators, jet engines and building systems reported net income of $1.37 billion, or $1.71 per share. Analysts surveyed by Bloomberg expected net income for the quarter ended June 30 at slightly less than $1.37 billion, or $1.68 per share."/>
UTC Posts Better-Than-Expected 2nd Quarter Profit, Revenue [The Hartford Courant]
International Wire Group, Inc. announced today that it has completed the offering of $260.0 million of its 10.750% Senior Secured Notes due 2021. The Notes bear interest at a rate of 10.750% per annum. IWG will pay interest semi-annually on February 1 and August 1, beginning on February 1, 2017."/>
International Wire Group, Inc. Announces Closing of Senior Secured Note Offering
Federal Signal Corporation declared a quarterly cash dividend of seven cents per share on its common stock. The dividend is payable on August 26, 2016 to stockholders of record at the close of business on August 16, 2016.. About Federal Signal Federal Signal Corporation provides products and services to protect people and our planet."/>
Federal Signal Corporation Declares Dividend of $0.07 per Share
SolarCity solar array attached to a Tesla battery storage system is being built under a 20- year contract between SolarCity and KIUC. The system is across from the Kapaia Power Station at 4149- K Maalo Road in Lihue."/>
Co-op, SolarCity team up on solar facility [The Honolulu Star-Advertiser]
Stericycle, Inc. securities between February 7, 2013 and April 28, 2016, inclusive. Stericycle investors have until September 12, 2016 to file a lead plaintiff motion. Investors suffering losses on their Stericycle investments are encouraged to contact Lesley Portnoy of GPM to discuss their legal rights in this class action at 310-201-9150 or by..."/>
Glancy Prongay & Murray Announces the Filing of a Securities Class Action on Behalf of Stericycle, Inc. Investors and Encourages Investors to Contact the Firm
CSX Corporation today has given notice of its intention to redeem all of its outstanding Zero Coupon Convertible Debentures due October 30, 2021 on August 26, 2016. As of June 30, 2016, there was approximately $863,000 aggregate principal amount at maturity of the Debentures outstanding. The Debentures will be redeemed at a redemption price of $992 per $1,000 principal amount at maturity, which is the accreted value of the Debentures to be..."/>
CSX Corporation Announces Redemption of Zero Coupon Convertible Debentures due October 30, 2021
Caterpillar Inc. today announced profit per share of $0.93 for the second quarter of 2016, a decrease from $1.31 per share in the second quarter of 2015."/>
Caterpillar Reports Second-Quarter 2016 Results
Union Pacific Railroad Museum has been named to the USA TODAY "10 Best" Readers' Choice list of best transportation museums. The Council Bluffs, Iowa, based museum was ranked No. 3 on the list. "Being included on USA TODAY's' 10 Best' list is a testament to the Union Pacific Railroad Museum's diverse and engaging exhibits, outreach activities, and its impressive collection of artifacts and photography," said Patricia LaBounty, museum and collections..."/>
USA TODAY Readers Name Union Pacific Railroad Museum No. 3 in U.S.
Virgin America Inc. today announced that the merger agreement with Alaska Air Group, Inc., the parent company of Alaska Airlines, Inc., was approved by an affirmative vote of the holders of a majority of the outstanding shares of Virgin America voting common stock. A report reflecting the complete voting results will be available on a Current Report on Form 8- K to be filed later this week by Virgin America. On April 4, 2016, Virgin America and..."/>
Virgin America Shareholders Vote To Approve Merger Agreement With Alaska Air Group, Inc.
Lockheed Martin's unparalleled credentials in advanced technology and mission success. -Accelerates the adoption of new, enhanced asset tracking and emergency response systems by government and corporate customers. BOSTON and DENVER- HawkEye 360, Inc., a subsidiary of Allied Minds, and Lockheed Martin are collaborating to apply HawkEye 360' s radio frequency detection and..."/>
Lockheed Martin and HawkEye 360 Collaborating to Bring Space-Based Radio Frequency Mapping and Analytics to New Markets
Astec Industries Inc. boosted its second quarter profits nearly 55 percent over a year ago to $18.2 million, or 79 cents per share, on net sales of $294.4 million. The Chattanooga-based asphalt equipment maker said today that sales this spring were up 9.9 percent over a year ago and the results beat Wall Street expectations for the second quarter by 4 cents per share. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 75 cents per..."/>
BRIEF: Astec sales, profits up, ahead of expectations [Chattanooga Times Free Press, Tenn.]
Lockheed Martin and Korea Aerospace Industries successfully completed the initial test flight of its second T-50A configured aircraft in Sacheon, South Korea. The T-50A is the company's aircraft offering in the U.S. Air Force's Advanced Pilot Training competition."/>
Lockheed Martin's Second T-50A Aircraft for T-X Competition Takes Flight
Lockheed Martin's counter-improvised explosive device system, which provides enhanced capabilities that allow partner nations to combat ever-changing threats. Symphony Block 40 is an open architecture system developed with the latest technologies to address new..."/>
Lockheed Martin's Latest Counter-IED System to Support Partner Nations
Northrop Grumman Corporation's autonomous Global Hawk unmanned aircraft system surpassed 200,000 flight hours, reinforcing its status as the most effective high altitude, long endurance intelligence gathering aircraft in the world. Air Force's Global Hawks logged 88 percent of the 200,000 flight hours with the remaining hours flown by NASA Global Hawks, Germany's Full Scale Demonstrator and the Navy's broad area maritime surveillance aircraft..."/>
Autonomous Global Hawk Unmanned Aircraft System Surpasses 200,000 Flight Hours

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