Market News

Navistar International (NAV)

Navistar Financial Corporation, a wholly owned subsidiary of Navistar International Corporation, has sold $250 million of wholesale floor plan notes in a two-year 144-A transaction to support its dealer inventory funding.
This is NFC's first asset sale of calendar-year 2010, and it brings NFC's total wholesale capacity to $1.1 billion when combined with previously issued public and private funding. NFC initially sought $200 million and increased the amount to $250 million due to strong demand.

Feb 15 · 7:33:00 PM · Source: Company Press Release
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto

Franklin Electric (FELE)

Franklin Electric has told its 50 remaining employees at the Arkansas plant that their jobs are being eliminated and the plant will shut down.
The 50 workers are what’s left of as many as 800 employed there as recently as 2006.

Feb 15 · 7:16:00 PM · Source: Ft Wayne Journal Gazette
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto

Delta Air Lines (DAL)

Delta Air Lines CEO Richard Anderson blasted the U.S Department of Transportation Friday for picking winners and losers in its oversight of airlines, and called for further deregulation of the industry.
The top officer of the world’s largest airline criticized the DOT’s decision earlier this week to approve a takeoff and landing slot swap between the Atlanta-based carrier and US Airways Inc. with conditions that call for the airlines to sell some flying rights to competitors to maintain competition. Delta is the Twin Cities' largest carrier and has significant business operations in Eagan. “Our industry needs to be deregulated and it’s clear the [Department of Justice] had no case to stop this transaction,” Anderson said of the government’s evaluation of the deal on grounds it could be anti-competitive. Instead, he said the Department of Transportation stepped in and “put its thumb on the scale of competition.”

Feb 15 · 7:12:00 PM · Source: Minneapolis St. Paul Business Journal
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto

Chicago Rivet & Machine Co. (CVR)

Chicago Rivet & Machine Co. declared a regular quarterly dividend in the amount of $.10 per share payable March 19, 2010 to shareholders of record on March 5, 2010.
At today''s $15.30 stock price the dividend yield is 2.61%.

Feb 15 · 7:09:00 PM
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto

Beacon Roofing Supply (BECN)

Beacon Roofing Supply announced that it has acquired Independent Building Materials (“IBM”), a distributor of mostly residential roofing systems and related accessories with one location in Orlando, Florida.
Rick Stiskin, who co-founded IBM with his retiring partner Dennis Booth, will remain IBM’s General Manager and be part Beacon’s regional leadership team. Mr. Stiskin stated, "Dennis and I believe that joining Beacon presents a fantastic opportunity for IBM and our employees. Beacon’s size and reputation in the industry will allow us to better serve our customers and expand our product offering to help grow our business. We could not be more excited about IBM’s future."

Feb 15 · 6:57:00 PM · Source: AZO Building
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto

AMR (AMR)

The United States Department of Transportation gave its tentative approval to grant antitrust immunity to AMR Corp.'s American Airlines (American Airlines) and its four oneworld partners to form a global alliance.
If the decision is made final, American Airlines and its oneworld alliance partners British Airways, Iberia Airlines, Finnair and Royal Jordanian Airlines would be able to more closely coordinate international operations in transatlantic markets.

Feb 15 · 6:54:00 PM · Source: Reuters
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto

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
Track · email · face · Twitter · digg · COMMENTS
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
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto

Previous · Next