Market News
Burlington Northern Santa Fe (BNI)
Burlington Northern announced that all shareholders voted overwhelmingly in favor of the Company's acquisition by Berkshire Hathaway Inc.
The merger is expected to close on February 12.
Feb 12 · 12:56:00 PM · Source: Reuters
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by Michael Oliveto
United Technologies (UTX)
Pratt & Whitney Rocketdyne today helped boost into orbit the first mission in NASA's "Living With a Star" program to explore more about how the sun affects life on Earth. The Solar Dynamics Observatory mission was launched from Cape Canaveral Air Force Station, FL, by a United Launch Alliance Atlas V rocket.
The Atlas V is powered by the RD AMROSS RD-180 booster engine and a Pratt & Whitney Rocketdyne RL10 upper-stage engine. Pratt & Whitney Rocketdyne is a unit of United Technologies.
Feb 12 · 12:53:00 PM · Source: Reuters
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by Michael Oliveto
Cincinnati Bell Inc (CBB)
Cincinnati Bell said Thursday that it posted fourth-quarter net income of $4.2 million, or 2 cents per share, a drop of 88 percent from $34.9 million, or 15 cents per share, in the year-ago quarter. Revenues dropped to $345.2 million from $356.8 million.
Feb 12 · 12:45:00 PM · Source: Company Press Release
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by Larry Etter
GE (GE)
GE, the biggest maker of wind turbines in the U.S., filed a new patent infringement lawsuit against Mitsubishi Heavy Industries Ltd. and plans to appeal an earlier case it lost.
The new complaint, filed in federal court in Dallas, claims Mitsubishi Heavy infringes two patents. One is related to the base frame supporting the weight of the rotor and the other covers a way to keep the turbine connected to the electricity grid even when the voltage drops. GE seeks a court order to block further use of its inventions, plus cash compensation.
Feb 12 · 12:44:00 PM · Source: Business Week
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by Michael Oliveto
Caterpillar (CAT)
Caterpillar Inc. announced that United Against Nuclear Iran (UANI) renewed its call for Caterpillar to end its business in Iran.
The Office of Foreign Assets Control (OFAC) at the U.S. Department of Treasury yesterday announced that it was taking action to implement existing sanctions against Iran's Islamic Revolutionary Guard Corps (IRGC).
Feb 12 · 12:41:00 PM · Source: Reuters
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by Michael Oliveto
Sprint Nextel (S)
Sprint Nextel Corp. said RealNetworks Inc. will take over distribution of Sprint’s music-related products and services, including the sale of songs, ringtones and ringback tones to wireless customers. Seattle-based RealNetworks, which sells music, video, messaging and other services to 86 wireless providers globally, plans to provide the content through a unified online store, rather than with a series of sites, as Sprint now distributes the content
Feb 12 · 12:41:00 PM
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by Larry Etter
Boeing (BA)
The Electronic Systems Center achieved the next step toward upgrading France's fleet of Airborne Warning and Control System aircraft with the recent award of a $324 million contract to the Boeing Company.
The change to Block 40/45 takes the AWACS fleet from large legacy mainframe computer architecture to more modern Windows- and Unix-based mission computing. Improved situational awareness and combat identification capabilities are two of the benefits of the upgrade.
Feb 12 · 12:38:00 PM · Source: Air Force Material Command
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by Michael Oliveto
Microsoft (MSFT)
Microsoft launches Office for Mac 2011, the next version of the leading productivity suite on the Mac. The suite has new connections to Microsoft services so you can work together more effectively, an updated user interface making tasks easier, and essential compatibility to ensure your documents look the way you made them when shared.
Apple and Microsoft working closely together.
Feb 12 · 12:35:00 PM · Source: Company Press Release
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by Larry Etter
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