Industrial Articles
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341. Opening Glance: Aerospace and defense stocks rise
Shares of aerospace and defense companies moved up Tuesday as the market got a boost from a report showing an increase in new home sales. According to the Commerce Department, new home sales rose 3.3 percent in April, the first gain in six months.
27 May 2008
342. Opening Glance: Construction, engineering slip
Shares of construction and engineering companies opened mostly lower Tuesday following a closely watched report that said home prices fell sharply in the first quarter.
27 May 2008
343. Opening Glance: Rails, shippers up as oil eases
Shares of railroads and shippers rose in early trading Tuesday, as oil prices eased below $130 a barrel and the broader market edged higher. Shares of FedEx Corp. also jumped ahead of DHL's expected announcement Wednesday on the future of its U.S. Express operations. FedEx is reportedly in talks to buy the ailing unit.
27 May 2008
344. CSX urges holders to support board in proxy fight
CSX Corp. urged its shareholders on Tuesday to support the railroad operator's board and said two hedge funds seeking to elect their own minority slate have made misleading statements about the company.
27 May 2008
345. Lockheed Martin completes Army radar review
Lockheed Martin Corp. said Tuesday it completed a review of a new Army radar, allowing for the startup of an initial production phase for five systems.
27 May 2008
346. Knight Transportation increases quarterly dividend
Trucking company Knight Transportation Inc. said Tuesday its board has increased its quarterly dividend to 4 cents from 3 cents. The dividend is payable on June 27 to shareholders of record as of June 6.
27 May 2008
347. Cognex lawsuit claims MvTec infringed 7 patents
Cognex Corp., which makes vision sensors used by manufacturers, said Tuesday it filed a lawsuit against MvTec Software GmbH and its U.S. subsidiary alleging that MvTec's Halcon machine vision software infringes on at least seven Cognex patents.
27 May 2008
348. Kansas City Southern to offer $250M in notes
Kansas City Southern said Tuesday its wholly owned subsidiary, The Kansas City Southern Railway Co., plans to offer $250 million in senior notes due 2015.
27 May 2008
349. LG closely watches GE plans for appliance business
General Electric Co.'s plans to sell or spin off its appliance business has the potential to shake up the industry and the South Korean appliance maker LG Electronics is watching the situation closely, CEO Nam Yong said Tuesday.
27 May 2008
350. 'Indiana Jones' earns $311 million worldwide
The most recent Indiana Jones film more than recouped its big budget with an estimated $311 million in global box office sales through the long weekend, according to studio estimates Monday.
26 May 2008
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