Industrial Articles
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131. Opening Glance: Machinery
Shares of machinery companies fluctuated in early trading Tuesday while the bulk of the market rose after Federal Reserve Chairman Ben Bernanke reiterated expectations the economy will improve later this year.
03 Jun 2008
132. Opening Glance: Aerospace and defense shares fall
Shares of aerospace and defense companies fell in Tuesday morning trading despite modest gains for the broader market after Federal Reserve Chairman Ben Bernanke in a speech reaffirmed expectations that the economy will get better later this year.
03 Jun 2008
133. Opening Glance: Construction, engineering rise
Shares of construction and engineering companies opened mostly higher Tuesday alongside the broader markets after Federal Reserve Chairman Ben Bernanke said the economy will improve later in the year, but indicated the Fed intends to leave interest rates unchanged.
03 Jun 2008
134. United Rentals expects to book $14M charge in 2Q
United Rentals Inc. expects to book a $14 million second-quarter charge related to a Securities and Exchange Commission probe into the equipment rental company's past accounting practices, according to a regulatory filing Tuesday.
03 Jun 2008
135. Sherwin-Williams cuts 2nd-quarter, 2008 view
Paint-maker The Sherwin-Williams Co. on Tuesday cut its second-quarter and 2008 guidance due to weak demand and higher raw material and other costs. The Cleveland-based company now expects sales to be "slightly lower" than the $8 billion from 2007. Its previous outlook in April was for a low-single-digit percentage increase.
03 Jun 2008
136. Affiliated Computer Services completes TMS buy
Affiliated Computer Services Inc. said Tuesday it completed its $42 million purchase of Transportation Management Systems, which provides GPS-based fleet management systems.
03 Jun 2008
137. Schawk expects 1st-quarter revenue to decline
Schawk Inc., a provider of digital imaging services, expects first-quarter revenue will fall 2 percent to 3 percent, according to a filing with the Securities and Exchange Commission.
03 Jun 2008
138. CSX holds earnings forecast in shareholder letter
Railroad operator CSX Corp. on Tuesday reaffirmed its earnings growth predictions through 2010 as it again urged shareholders to fight a board takeover by two activist hedge funds.
03 Jun 2008
139. Jacobs Engineering gets Italian contract
Construction-services provider Jacobs Engineering Group Inc. said Tuesday it received a contract from Italian banking group Intesa Sanpaolo SpA to provide project and construction management services for a new head office in Turin, Italy.
03 Jun 2008
140. Jacobs Engineering gets contract ceiling increase
Construction-services provider Jacobs Engineering Group Inc. said Tuesday it received a $100 million ceiling increase to its contract with the U.S. Special Operations Command, making the total contract worth up to $400 million.
03 Jun 2008
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