Industrial Articles
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591. Coal region county mulls unthinkable: switch to gas
Hard coal built this area of eastern Pennsylvania into an economic powerhouse in the 1800s and early 1900s, and helped fuel the nation's industrial revolution. Even today, it's hard to find a native who doesn't have roots underground.
16 May 2008
592. General Dynamics division gets $38M Navy contract
A division of General Dynamics Corp. has won a $38 million Navy contract boost to perform maintenance, repair and other work on the USS Hawaii Virginia-class submarine, the Defense Department said late Thursday.
16 May 2008
593. ADRs in Focus: Cemex ADRs climb
U.S.-traded shares of Cemex SAB de CV rose on Friday after an analyst reiterated his "Buy" rating on the Mexican cement and building materials maker, saying the company's ability to generate cashflow is far from solely dependent on the U.S. building market.
16 May 2008
594. Opening Glance: Machinery
Shares of most machinery companies fell Friday, along with the broader market, as worries about a new record for oil prices outweighed a surprising jump in new home construction.
16 May 2008
595. Opening Glance: Construction companies open mixed
Shares of construction and engineering companies opened mixed as the broader markets slipped following a report that consumer confidence hit a 28-year low while oil prices surpassed $127 a barrel.
16 May 2008
596. Opening Glance: Aerospace and Defense stocks fall
Aerospace and defense stocks fell in Friday morning trading, as the markets were pressured by falling consumer confidence and rising oil prices. A survey showed that consumer confidence reached its lowest point in almost 28 years in May, while oil prices reached record territory, passing $127 per barrel on the New York Mercantile Exchange.
16 May 2008
597. Opening Glance: Electrical equipment mostly higher
Shares of electrical equipment companies traded mostly higher Friday morning after an Oppenheimer analyst raised his price target on Thomas & Betts Corp. to $50 from $46.
16 May 2008
598. Opening Glance: Rails hit highs, shippers slip
Shares of railroads hit highs in early trading Friday, as investors reacted to a trade group report that said freight traffic rose last week. Shippers lost ground, though, as oil prices soared more than $3 to top $127 a barrel for the first time.
16 May 2008
599. Opening Glance: Staffing stocks edge down
Shares of staffing companies edged down with the broader market Friday, as oil prices hit another high and housing data from the Commerce Department was mixed.
16 May 2008
600. Premarket Movers: GE rises, Dynavax falls
Shares of General Electric Co. rose in premarket trading Friday after the company confirmed it plans to sell or spin-off its century-old appliance business.
16 May 2008
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