Industry News

Bombardier's leadership position as rail services provider. BERLIN, GERMANY--- Rail technology leader Bombardier Transportation announced today that it has signed a new contract with the Southern California Regional Rail Authority of Los Angeles, California to provide eight years of maintenance services for SCRRA's Metrolink commuter rail..."/>
Bombardier Wins Fleet Maintenance Contract in California
Bombardier Transportation announced today that it has signed a new contract with the Southern California Regional Rail Authority of Los Angeles, California to provide eight years of maintenance services for SCRRA's Metrolink commuter rail fleet. The contract is valued at approximately $23 million US per year and is subject to adjustment based on any changes to the current service plan. The agreement includes a single..."/>
Bombardier Wins Fleet Maintenance Contract in California
Bombardier Transportation announced today that it has signed a new contract with the Southern California Regional Rail Authority of Los Angeles, California to provide eight years of maintenance services for SCRRA's Metrolink commuter rail fleet. The contract is valued at approximately $23 million US per year and is subject to adjustment based on any changes to the current service plan. The agreement includes a single..."/>
Bombardier Wins Fleet Maintenance Contract in California
Experian has launched a dedicated Military Lending Act site to help financial institutions meet those new regulations. The updates made last year create new requirements that lenders must address when lending to active duty service members and their dependents. To help prepare for the implementation of the updates, Experian has worked closely with several federal agencies and..."/>
Military Lending Act Deadline Nears for Lenders
Spirit Airlines does not believe Allegiant Air's decision to move its Akron service to Cleveland will impact its new Akron service. Spirit will launch service Nov. 10 from Akron-Canton to Fort Lauderdale-Hollywood International Airport, Orlando International Airport and Tampa International Airport. In April 2017, seasonal service to Myrtle Beach International Airport will launch."/>
Spirit sees no impact on Akron service with Allegiant gone [Vindicator, Youngstown, Ohio]
Zayo Group, a fast-growing rising star in the race to build powerful broadband networks in the U.S. and abroad, has come under fire from its external auditors for failing to ensure its internal controls are adequate to generate sound financial reports. The warning from KPMG, which appeared in Zayo's annual report dated Aug. 26, will not result in a restatement of the company's earnings, according to Chief Financial Officer Ken desGarennes."/>
Auditors flag Boulder-based Zayo's financial reporting [Daily Camera, Boulder, Colo.]
Microsoft and Amazon Web Services in the cloud marketplace in India by announcing that it plans to set up its first data centre in Mumbai by 2017-- a strategy that will help the company cater to a larger number of Indian developers and enterprise customers. It will help Google especially in the financial services industry since regulations in this sector do not permit data to be transmitted outside the country."/>
Google to launch first data centre in Mumbai to take on Microsoft, Amazon [Mint, New Delhi]
Navistar's Truck Specialty Center Bargaining Unit continued to negotiate with company officials as the unit's contract was set to expire just after midnight Friday. The current contract was scheduled to expire at 12:01 a.m. Saturday, according to information from the United Auto Workers Local 402, which is representing the unit in the negotiations. It was not clear whether the sides were close to reaching a deal late Friday, and company officials did not..."/>
Navistar Springfield union contract expires soon, talks ongoing [Springfield News-Sun, Ohio]
Lockheed Martin Corp., the parent company of Sikorsky, sought $400 million in savings to makeits CH-53K heavy-lift helicopter."/>
Union Asks Members For Pay Cut In Sikorsky Deal [The Hartford Courant]
WesternOne Inc. announced today that it will hold a special meeting of shareholders to authorize WesternOne's board of directors to consolidate WesternOne's issued and outstanding common shares at a ratio to be determined by the board of directors but within the range of one post-consolidation common share for every 10 to 40 pre-consolidation common shares. WesternOne currently has 595,596,747 common shares issued and..."/>
WesternOne Inc. Announces Proposed Share Consolidation
AutoZone employees from around the world. It was the Memphis-based auto parts retailer's way of injecting a shot of wow into its 14th consecutive national sales meeting centered at Memphis Cook Convention Center."/>
AutoZone's national sales meeting highlights convention center push toward future [The Commercial Appeal, Memphis, Tenn.]
Rennova Health, a medical testing firm headquartered in West Palm Beach, remains the worst performer among local stocks. Shares have plunged 86 percent in the first nine months of the year."/>
3 THINGS TO KNOW: Local Company StocksWho's up, down through Q3 [The Palm Beach Post, Fla.]
KBR Revises Guidance for 2016
Rand Logistics, Inc., a leading provider of bulk freight shipping services throughout the Great Lakes Region, announced the Company will be donating in excess of $125,000 to children’ s charities designated by its customers as a result of its Marine Miracle Month Program.. Rand introduced the Marine Miracle Month program earlier this year announcing that the Company will donate $0.05 for every ton of cargo carried by its fleet during August 2016 to..."/>
Rand Logistics Announces Marine Miracle Month Program Results
C.H. Robinson Completes Acquisition of APC Logistics
Seanergy Maritime Holdings Corp. has entered into agreements with an unaffiliated third party for the purchase of two secondhand Capesize vessels for a total of USD 41.5 m, the company said. Each vessel has a cargo-carrying capacity of approximately 180,000 deadweight tons. The vessels were both built in 2010 at Hyundai Heavy Industries in South Korea."/>
Seanergy Maritime to Acquire Two Dry Bulk Vessels for USD 41.5m
Shanks Group Plc has agreed to merge with Dutch recycler van Gansewinkel group BV to form a leading waste-to-product business in the Benelux region, the companies said. Under the deal, Shanks will pay cash and share consideration to VGG's ultimate beneficial shareholders of EUR 482 m. The combined group is expected to achieve annual risk-weighted pre-tax cost synergies of approximately EUR 40 m in the third full year..."/>
Shanks Group to Merge with Dutch Recycling Group van Gansewinkel

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