Precision Castparts Exec. VP Hackett sells shares The executive vice president and president of Precision Castparts Corp. sold 7,352 shares of common stock, according to a Securities and Exchange Commission filing. 19 May 2008
532.
S&P raises Agilent outlook to 'positive' Standard & Poor's Rating Services said Monday that it raised its outlook on Agilent Technologies Inc. to "positive" from "stable" because of stronger business, sending shares higher. 19 May 2008
533.
Shares of Excel Maritime leap after 1Q beats views Shares of Greek drybulk shipper Excel Maritime Carriers Ltd. rose Monday, after it reported first-quarter earnings that tripled from a year-ago and topped Wall Street's expectations. 19 May 2008
534.
Shaw Group wins Navy contract worth $150 million Engineering and construction company Shaw Group Inc. said Monday it has received a contract worth up to $150 million to provide environmental services to the Navy. 19 May 2008
535.
Raven Industries sees flow controls sales rise Plastics and electronics engineering company Raven Industries Inc. said Monday its flow controls division will likely post strong sales in 2008, adding it may return cash to shareholders or acquire more companies. 19 May 2008
536.
Genco Shipping extends time charter for Handymax Drybulk shipper Genco Shipping & Trading Ltd. said Monday it agreed to extend the time charter contract for one of its 1997-built Handymax vessels for 35 to 37.5 months at a 42 percent higher rate. 19 May 2008
537.
Genco Shipping: 6.3M shares being offered Drybulk shipper Genco Shipping & Trading Ltd. on Monday said a primary and secondary public offering of nearly 6.3 million shares has begun. The company is offering 2.7 million shares, and certain stockholders are selling about 3.6 million shares. 19 May 2008
538.
Coinstar to add director, expand board to 8 Coin-machine operator Coinstar Inc. on Monday announced plans to expand its board by one additional independent director as an alternative to electing a slate of candidates nominated by a dissident shareholder. 19 May 2008
539.
Opening Glance: Machinery Shares of machinery companies fluctuated in early trading Monday after the release of a new report showing that the economy remains sluggish. The Conference Board's leading economic indicators report showed a 0.1 percent rise for April, as expected. The index, aimed at predicting economic activity in the next three to six months, bolstered beliefs that the overall U.S. economy, while weak, is not contracting rapidly. 19 May 2008
540.
Babcock & Brown buys 3 aircraft for about $103M Babcock & Brown Air Ltd., which buys and leases commercial jets, said Monday it will acquire three aircraft for about $103 million, increasing its portfolio to 62 aircraft. 19 May 2008