UPS to move Asian hub to China to cut transit time United Parcel Service Inc. said Wednesday it will move its intra-Asia air hub to Shenzhen, China from the Philippines in an effort reduce transit times across the region. 21 May 2008
482.
Oshkosh names Craig P. Omtvedt to board Oshkosh Corp., which makes specialty vehicles and vehicle bodies, said Tuesday Craig P. Omtvedt was named to its board of directors. Omtvedt is currently senior vice president and chief financial officer for consumer products maker Fortune Brands Inc. 20 May 2008
483.
Raven Industries climbs after Dougherty upgrade Shares of Raven Industries rose sharply Tuesday, as an analyst upgraded the plastics and electronics engineering company after its first-quarter profit beat his estimates. 20 May 2008
484.
Smith & Wesson declines on stock offering news Shares of Smith & Wesson Holding Corp. dropped Tuesday after the firearms maker said it would raise about $31.9 million in a stock offering, news that led two analysts to cut their estimates. 20 May 2008
485.
OceanFreight swings to 1st-quarter profit Greek shipper OceanFreight Inc. said Tuesday it swung to a profit in the first quarter, beating analyst expectations and sending shares higher after hours. 20 May 2008
486.
EnergySolutions is willing to limit foreign waste The chief executive of EnergySolutions Inc. said Tuesday he wants to import a limited amount of foreign nuclear waste for disposal in the west desert to improve the company's chances of building dumps abroad. 20 May 2008
487.
UTC says Diebold purchase requires more financial data United Technologies Corp.'s new chief executive said Tuesday that the industrial conglomerate may drop its $2.6 billion bid for Diebold Inc. if it doesn't receive more financial information from the maker of ATMs and security systems. 20 May 2008
488.
Closing Glance: Electrical equipment ends lower Shares of electrical equipment companies closed mostly lower Tuesday as the broader markets were dragged down by a spike in oil prices and concerns over inflation. 20 May 2008
489.
Closing Glance: Rails, shippers waver as oil rises Shares of railroads and shippers fluctuated Tuesday, as oil settled over $129 and Moody's Investors Service raised the corporate family ratings of Kansas City Southern. 20 May 2008
490.
Closing Glance: Aerospace and Defense stocks slide Shares of aerospace and defense companies fell Tuesday along with the broader markets as oil prices approached $130 per barrel and reports showed inflation rose in April. 20 May 2008
4.48%XLF 15.92 
