Industry News

Accuride Corp., a supplier of components for commercial vehicles in North American and European markets, reported second quarter 2016 net sales of $164.1 million, a decrease of $21.3 million, or 11.5 percent, compared to the second quarter of 2015.. The company achieved positive net income of $2.5 million, or earnings of $0.05 per share, in the second quarter. That's down from $0.13 per share in the second quarter of 2015, when revenues were much higher due to near-record..."/>
Accuride Corp. reports second quarter results [The Gleaner, Henderson, Ky.]
IRB Infrastructure Developers Ltd and Sterlite Power Grid are gearing up to list their Infrastructure Investment Trusts, and one of them will be the first in India to do so, according to three people aware of the development. Toll road developer IRB is looking to file its so-called draft red herring prospectus for its InvIT as early as around the middle of August, said one of the three people cited above. InvITs are trusts that manage income-generating..."/>
Sterlite?Power,?IRB Infrastructure inch closer to InvIT launches [Mint, New Delhi]
Yamaha establishes second R&D centre in India [Mint, New Delhi]
Jaiprakash Power Ventures Ltd, part of the debt-laden Jaypee Group, on Tuesday said its lenders have recommended the invocation of strategic debt restructuring. The power producer will be the second group company after Jaiprakash Associates Ltd, where lenders have recommended or discussed invoking SDR. "The lenders are planning on an SDR in the power arm because it allows them some time to manage a standard asset classification."/>
Jaiprakash Power lenders to invoke strategic debt revamp [Mint, New Delhi]
Jaiprakash Power Ventures Ltd of Rs.656 crore and Rs.2, 272.46 crore to' D' or a default rating from' B'. The agency also reaffirmed its' D' rating on long-term bank facilities of Rs.12, 241.53 crore. Care Ratings also said it has withdrawn Jaiprakash's Rs.2, 272.46 crore bank facilities pertaining to its Bina thermal power plant from its credit watch."/>
Care Ratings downgrades bank facilities of Jaiprakash Power to 'D' [Mint, New Delhi]
Ballard Power Systems today announced that Zhongshan Broad-Ocean Motor Co., Ltd. has entered into a strategic collaboration with Ballard which includes a $28.3 million equity investment in Ballard, representing 9.9% of the company following the transaction. Founded in 1994, Broad-Ocean is headquartered in the City of Zhongshan in Guangdong Province and is..."/>
Ballard Announces Strategic Collaboration and Equity Investment Deal With Broad-Ocean
Ballard Power Systems today announced that Zhongshan Broad-Ocean Motor Co., Ltd. has entered into a strategic collaboration with Ballard which includes a $28.3 million equity investment in Ballard, representing 9.9% of the company following the transaction. Founded in 1994, Broad-Ocean is headquartered in the City of Zhongshan in Guangdong Province and is listed on..."/>
Ballard Announces Strategic Collaboration and Equity Investment Deal With Broad-Ocean
Orion Energy Systems, Inc., a leading designer and manufacturer of high-performance, energy-efficient retrofit lighting platforms, today announced that it will hold its Fiscal 2017 first quarter results conference call for analysts and investors on Tuesday, August 2, 2016, at 4:30 p.m. Eastern Time. The earnings announcement release is scheduled to be issued after the close of the market. Orion's Chief Executive Officer, John Scribante, and Chief..."/>
Orion Energy Systems Schedules Fiscal 2017 First Quarter Financial Results and Conference Call
Kansas City Southern announced today that it has received 100% participation in and has completed registered exchange offers of:. $244,820,000 in aggregate principal amount of its Floating Rate Senior Notes due 2016, registered under the Securities Act of 1933, as amended, for any and all of its outstanding unregistered Floating Rate Senior Notes due 2016; $257,346,000 in aggregate principal amount of its 2.35% Senior Notes due 2020, registered under the..."/>
KCS Receives 100% Participation in Its Registered Exchange Offers for $2.088 Billion of Senior Notes
Duke Energy's rapid turn to natural gas to fuel its power plants is contributing to slightly cheaper electricity for its Charlotte customers. Gas supplies are outstripping demand, so prices have dropped to historic lows. Duke expects gas prices to be 32 percent cheaper over the next year than they were in 2015.."/>
Why your electric bill drops when natural gas prices do [The Charlotte Observer]
Joy Global Inc. in connection with the proposed acquisition of the Company by Komatsu Ltd.. On July 21, 2016, the Company announced that it had reached a definitive agreement for Komatsu to acquire all outstanding shares of JOY in a transaction valued at $3.7 billion, inclusive of debt. Under the terms of the agreement, JOY..."/>
Joy Global Inc. Acquisition May Not Be in the Best Interests of JOY Shareholders
Parkit Enterprise Inc. is pleased to announce that its shareholders have, at the annual general meeting held earlier today in Vancouver, supported the current Board by setting the board size at five directors and re-electing Robert Emri, Pesach Goldman, Joel Dumaresq, David Mullen, and Bryan Wallner. All other motions tabled by the current board as outlined in the Blue proxy were also carried. Regarding the results of the annual meeting, Joel..."/>
Parkit Announces the Re-Election of Current Board
PyroGenesis Canada Inc., a company that designs, develops and manufactures plasma waste-to-energy systems and plasma torch systems, is pleased to announce today that it has completed its previously announced private placement which has been oversubscribed by 133%. The Company issued and sold an aggregate amount of 6,131,579 units of the Company at a price of $0.19 per Unit, for..."/>
PyroGenesis Announces Closing of Private Placement; Oversubscribed by Over 130%
Midwest Energy Emissions Corp., an emerging leader in mercury emissions control for the global power industry, will hold its Annual Meeting of Stockholders on Tuesday, August 9, 2016, at 10:00 a.m. CDT at the University of North Dakota Energy& Environmental Research Center in Grand Forks, North Dakota. Details of the meeting are as follows:. Location: Energy& Environmental Research Center, University of North Dakota, 15 North 23rd Street, Grand Forks, North..."/>
Midwest Energy Emissions Corp. to Hold 2016 Annual Meeting of Stockholders at the EERC in Grand Forks, ND, on August 9, 2016
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]
Cervus Equipment Corp. today announced that it will host its second quarter 2016 results conference call on August 11, 2016 at 11:00 a.m. Eastern Time. The Company intends to disclose its financial results after markets close on August 10, 2016.. President and CEO, Graham Drake, and CFO, Randy Muth, will discuss Cervus's financial and operating results for the quarter ended June 30, 2016, and then take questions from securities analysts and..."/>
Cervus Equipment Corp. to Host Second Quarter 2016 Results Conference Call on August 11, 2016 at 11:00 am Eastern Time
Allegion’ s Futurist and Director of Connectivity Platforms Rob Martens will discuss smart homes and the internet of things as a part of the IoT Smart Home Panel at the Oppenheimer 19 th Annual Technology, Internet& Communications Conference on Tuesday, August 9, 2016. The conference will be held at the Four Seasons Hotel in Boston, MA. The live webcast will be accessible via Allegion’ s investor website at or directly at..."/>
Allegion to Present at Oppenheimer 19th Annual Technology, Internet & Communications Conference
Textron Inc. today declared a quarterly dividend of $0.02 per share on the company’ s Common Stock. All dividends will be paid on October 1, 2016 to shareholders of record as of September 9, 2016.. Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services."/>
Textron Declares Quarterly Dividend
Hillenbrand, Inc. will hold a conference call and simultaneous webcast Thursday, August 4, 2016, at 8:00 a.m. ET. They will discuss the results for the third quarter of fiscal year 2016, which ended June 30, 2016. The live webcast, including a slide presentation, will be available at under the "Events& Presentations" tab and will be archived on the company's investor relations website through September 3, 2016.."/>
Hillenbrand Schedules Third-Quarter 2016 Earnings Call for August 4, 2016
Rush Enterprises, Inc., which operates the largest network of commercial vehicle dealerships in North America, today announced that for the quarter ended June 30, 2016, the Company..."/>
Rush Enterprises, Inc. Reports Second Quarter 2016 Results

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