Market News
ABB (ABB)
ABB said it has won an order worth $107 million from Societe Nationale d'Electricite, the national power company in the Democratic Republic of Congo.
ABB will refurbish the stations that convert alternating current to direct current and back on the 560 megawatt Inga-Kolwezi power transmission link.
-The 1,700 kilometer system was built by ABB in 1982 and was, at that time, the world's longest transmission line.
Feb 15 · 6:51:00 PM · Source: Easy Bourse
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by Michael Oliveto
Terra Industries (TRA)
Terra Industries announced that the Company's Board of Directors has unanimously approved a definitive merger agreement under which Yara International ASA (OSLO: YAR.OL) ("Yara") will acquire all of the outstanding shares of Terra common stock for US$41.10 per share in cash. The transaction has a total equity value of approximately US$4.1 billion. The US$41.10 per share cash purchase price represents a 23.6% premium over Terra's closing price on February 12, 2010, the last trading day prior to today's announcement.
"Our Board is unanimous in its firm belief that this transaction is compelling for our shareholders, customers, and employees" said Henry Slack, Chairman of the Board of Terra. "In December Terra paid a special cash dividend of $7.50 per share to our shareholders, and with this transaction, we have delivered a significant premium for their investment in Terra."
Feb 15 · 6:48:00 PM · Source: Company Press Release
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by Michael Oliveto
SkyWest (SKYW)
SkyWest reported a 9.9 percent increase in revenue passenger miles (RPMs) for January, while available seat miles (ASMs) increased 8.4 percent compared to the same period last year.
The combined airlines generated 1.37 billion RPMs for the month, while ASMs increased to 1.87 billion. Load factor was up 1.0 percentage points to 73.3 percent compared to 72.3 percent for the same period last year. Passenger boardings for January totaled 2,737,931 a 12.0 percent increase from January 2008.
Feb 15 · 6:45:00 PM · Source: PR-USA
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by Michael Oliveto
NV Energy (NVE)
NV Energy has signed a 20-year power purchase agreement with a subsidiary of Ram Power Corporation for energy that will be produced by a new geothermal power plant under development in central Nevada.
Terms of the power purchase agreement, which is subject to approval by the Public Utilities Commission of Nevada, were not disclosed.
Feb 15 · 6:42:00 PM · Source: Eco Friend News
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by Michael Oliveto
Harsco (HSC)
Harsco announced that its Harsco Rail unit has been awarded a new $6 million order from the Washington Metropolitan Area Transit Authority for production of Utility Track Vehicle (UTV) prime movers.
Deliveries will begin in January 2011 and continue into the second quarter.
Feb 15 · 6:28:00 PM · Source: Reuters
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by Michael Oliveto
Cleco Power (CNL)
Cleco’s new Rodemacher 3 unit is online and producing power, the Pineville company said in a news release.
Commercial operation of the $1 billion project located near Boyce will activate Cleco’s new rate plan approved by the Louisiana Public Service Commission in October 2009, the firm said. The plan allows for recovery of the unit’s costs and is the company’s first full rate restructuring in more than 20 years.
Feb 15 · 6:26:00 PM · Source: The Town Talk
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by Michael Oliveto
Badger Meter (BMI)
Badger Meter Inc. declared a regular quarterly dividend in the amount of $.12 per share payable February 15, 2010 to shareholders of record on February 26, 2010.
At today''s $35.41 stock price the dividend yield is 1.36%.
Feb 15 · 6:19:00 PM
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by Michael Oliveto
Albemarle (ALB)
Albemarle, a leading global provider of custom manufacturing services, announced it will partner with PharmaCore to provide manufacturing capabilities for customers with projects that require high volume capacity.
This alliance allows a seamless technology transfer from PharmaCore to Albemarle, offering PharmaCore customers long term, higher volume capacity for their pharmaceutical projects. Albemarle's custom manufacturing capabilities include a network of manufacturing assets in South Haven, Mich., Tyrone, Pa. and Orangeburg, S.C., providing Active Pharmaceutical Ingredients (APIs) and advanced pharmaceutical intermediate production in a broad range of scale and chemistries.
Feb 15 · 6:15:00 PM · Source: Company Press Release
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by Michael Oliveto
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