International Business News - Industrials http://www.ibtimes.com/subsection/industries/industrials.htm All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Stocks pare losses to finish mixed after oil spikes NEW YORK (AP) _ Wall Street capped a week of big gains with modest moves Friday as investors grappled with surging energy prices that overshadowed news of a surprise increase in home construction. 117927 http://www.ibtimes.com/articles/20080516/business-highlights.htm Fri, 16 May 2008 18:26:05 EDT NEW HAVEN, Conn. _ General Electric Co. plans to sell or spin off the business that for a century has put appliances in American homes, a decision that could presage further asset sales, analysts said. 117568 http://www.ibtimes.com/articles/20080516/ge-confirms-plans-to-exit-appliance-business.htm Fri, 16 May 2008 17:46:23 EDT Lockheed Martin Corp. beat out Boeing Co. to win a $1.4 billion U.S. Air Force competition to build a next-generation GPS satellite. 117750 http://www.ibtimes.com/articles/20080516/lockheed-martin-boeing-gps-contract.htm Fri, 16 May 2008 17:18:01 EDT Shares of electrical equipment companies closed mostly up on Friday after an Oppenheimer analyst raised his price target on Thomas & Betts Corp. Meanwhile, several expressed confidence in Flextronics International Ltd. following news that its chief financial officer would resign. 117896 http://www.ibtimes.com/articles/20080516/closing-glance-electrical-equipment-ends-higher.htm Fri, 16 May 2008 16:35:06 EDT Shares of heavy engineering companies finished higher Friday, though broader markets were mixed following reports that crude prices set another record near $128 a barrel and consumer confidence plunged to a 28-year low. 117886 http://www.ibtimes.com/articles/20080516/closing-glance-heavy-engineering-ends-higher.htm Fri, 16 May 2008 16:23:00 EDT Shares of railroads hit highs in early trading Friday, as investors reacted to a trade group report that said freight traffic rose last week, as oil prices soared to close over $126 a barrel after flirting with $128 earlier in the day. 117882 http://www.ibtimes.com/articles/20080516/closing-glance-rails-shippers-gyrate-as-oil-up.htm Fri, 16 May 2008 16:14:29 EDT Shares of aerospace and defense companies fell Friday as the broader market moved modestly lower, as oil prices again closed at a record high, tempering positive news that new home construction jumped in April. 117880 http://www.ibtimes.com/articles/20080516/closing-glance-aerospace-and-defense.htm Fri, 16 May 2008 16:13:23 EDT Shares of drybulk shippers sailed higher Friday, as key index measuring drybulk ship activity blasted through an all-time high for the second consecutive day. 117872 http://www.ibtimes.com/articles/20080516/sector-wrap-drybulk-index-hits-another-high.htm Fri, 16 May 2008 16:09:20 EDT They hung on during years of downsizing, but now the few thousand people working at GE's sprawling Appliance Park face even greater uncertainty with the company's plans to sell or spin off its appliance business. 117864 http://www.ibtimes.com/articles/20080516/workers-ky-officials-face-uncertainty-over-ge-operation.htm Fri, 16 May 2008 16:01:32 EDT Aerospace supplier Hexcel Corp. said Friday that all 10 nominees recommended by the company's board were elected as directors at the company's annual meeting on May 8. 117813 http://www.ibtimes.com/articles/20080516/hexcels-10-board-nominees-elected-as-directors.htm Fri, 16 May 2008 14:16:04 EDT General Electric Co.'s plans to sell or spin off its appliance business is a modest negative for Whirlpool Corp., an analyst said Friday, as it could potentially form a more aggressive competitor. 117808 http://www.ibtimes.com/articles/20080516/ge-appliance-sale-a-modest-negative-for-whirlpool.htm Fri, 16 May 2008 14:04:22 EDT 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. 117799 http://www.ibtimes.com/data/articleimgs/47647-coal-country-slight.jpg http://www.ibtimes.com/articles/20080516/coal-region-county-mulls-unthinkable-switch-to-gas.htm http://www.ibtimes.com/articles/20080516/coal-region-county-mulls-unthinkable-switch-to-gas.htm Fri, 16 May 2008 13:36:16 EDT 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. 117792 http://www.ibtimes.com/articles/20080516/general-dynamics-division-gets-38m-navy-contract.htm Fri, 16 May 2008 13:17:32 EDT 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. 117690 http://www.ibtimes.com/articles/20080516/adrs-in-focus-cemex-adrs-climb.htm Fri, 16 May 2008 12:27:21 EDT 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. 117653 http://www.ibtimes.com/articles/20080516/opening-glance-machinery.htm Fri, 16 May 2008 10:59:28 EDT 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. 117648 http://www.ibtimes.com/articles/20080516/opening-glance-construction-companies-open-mixed.htm Fri, 16 May 2008 10:46:09 EDT 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. 117642 http://www.ibtimes.com/articles/20080516/opening-glance-aerospace-and-defense-stocks-fall.htm Fri, 16 May 2008 10:36:17 EDT 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. 117639 http://www.ibtimes.com/articles/20080516/opening-glance-electrical-equipment-mostly-higher.htm Fri, 16 May 2008 10:30:27 EDT 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. 117633 http://www.ibtimes.com/articles/20080516/opening-glance-rails-hit-highs-shippers-slip.htm Fri, 16 May 2008 10:18:02 EDT 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. 117617 http://www.ibtimes.com/articles/20080516/opening-glance-staffing-stocks-edge-down.htm Fri, 16 May 2008 10:00:51 EDT