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Illinois Tool Works (ITW)
Illinois Tool Works reported a total Company operating revenue increase of 9 percent for the three months ended January 31, 2010 versus the year-ago period.
The growth in revenues consisted of acquisitions and currency
translation contributing 1 percent and 10 percent, respectively. Base
revenues declined 2 percent in the three-month period. The base revenue decline of 2 percent in the most recent period improved versus the 2009 fourth quarter when base revenue declined 10 percent on a year-over-year basis. This improvement was largely due to easier January comparisons and the substantial improvement in the North American automotive OEM end market.
Feb 15 · 5:56:00 PM · Source: Reuters
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by Michael Oliveto
Duke Energy (DUK)
A federal agency wants Duke Energy to explain how it handled heavy rain that flooded parts of Lookout Shoals Lake in Catawba County last month.
The Federal Energy Regulatory Commission, responding to complaints from homeowners, has given Duke until Feb. 28 to report whether it operated according to the terms of its federal license.
Feb 15 · 5:38:00 PM · Source: Charlotte Observer
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by Michael Oliveto
Constellation Energy (CEG)
Constellation Energy announced today that the Association of Energy Engineers New England Chapter (AEE-NE) named two of the company's energy projects as the best in New England in 2010.
Constellation Energy's solar installation at Patriot Place was named the best renewable energy project in New England, and the energy conservation program implemented by Constellation Energy for Bristol Community College topped the list of energy projects at colleges in New England.
Feb 15 · 5:30:00 PM · Source: Company Press Release
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by Michael Oliveto
Airgas (ARG)
Industrial gas supplier Airgas rejected the unsolicited $5 billion buyout bid from larger rival Air Products and Chemicals Inc., calling it a "bargain basement price."
In a letter to Air Products CEO John McGlade, Airgas said the $60 per share offer, as well as an earlier bid of $62 per share, "grossly" undervalues the company. Airgas also noted that, with the current depressed prices for many companies in the market, it is a "terrible" time to sell the business.
Feb 15 · 5:27:00 PM · Source: Las Vegas Sun
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by Michael Oliveto
Raytheon (RTN)
Raytheon's Joint Standoff Weapon C-1 completed a major milestone when the weapon's Strike Common Weapon Datalink (SCWDL) communicated via Link-16 nodes with a Joint Surveillance and Target Attack Radar System aircraft. The test demonstrated the weapon's ability to function as a node on the network and moved the system one step closer to engaging moving maritime targets.
JSOW is a family of low-cost, air-to-ground weapons that employs an integrated GPS-inertial navigation system and terminal infrared seeker, which guides the JSOW to the target. JSOW C-1 features the two-way Rockwell Collins SCWDL, which gives the combat-proven weapon a moving maritime target capability.
Feb 15 · 5:20:00 PM · Source: Company Press Release
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by Michael Oliveto
FedEx (FDX)
Fedex declared a regular quarterly dividend in the amount of $.11 per share payable April 1, 2010 to shareholders of record on March 11, 2010.
At today''s $78.55 stock price the dividend yield is 0.56%.
Feb 15 · 5:16:00 PM
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by Michael Oliveto
GE (GE)
GE Healthcare today announced the availability of Vscan, a new, pocket-sized visualization tool developed to provide physicians with imaging capabilities at the point-of-care.
Roughly the size of a smart phone, Vscan houses powerful, ultra-smart ultrasound technology that provides clinicians with an immediate, non-invasive method to help secure visual information about what is happening inside the body. Vscan is portable and can easily be taken from room to room to
be used in many clinical, hospital or primary care settings.
Feb 15 · 5:08:00 PM · Source: Company Press Release
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by Michael Oliveto
Boeing (BA)
Boeing announced that it has submitted a proposal to the Defense Logistics Agency ( DLA ) to provide supply chain services to the U.S. Army for ground vehicle support at Army depots in Anniston, Alabama, and Red River, Texas. The eight-year, $193 million contract award is expected to be announced this summer.
"Our proposal offers a best-value supply chain solution to the Defense Logistics Agency that will provide fast, reliable services at a consistently high quality," said Jason Frei, Boeing program manager of Land & Maritime DLA Support Programs. "Boeing has long been a leader in the aviation supply chain market, and we are committed to demonstrating our innovative capabilities to our land and maritime customers."
Feb 15 · 5:01:00 PM · Source: Media Newswire
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by Michael Oliveto
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