International Business News - JCI http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Shares of auto suppliers tumbled Monday, along with the broader market, as investors awaited details of the government's plan to buy $700 billion in banks' mortgage debt. http://www.ibtimes.com/articles/20080922/sector-snap-auto-suppliers-decline.htm Mon, 22 Sep 2008 15:18:18 EDT Shares of auto parts suppliers declined Monday as the fallout from the collapse of Lehman Brothers Holdings Inc. spread across the broader market. The investment bank, wracked by the credit crisis and mortgage-backed assets, filed for Chapter 11 bankruptcy protection Monday and sought to sell key assets. The broader markets tumbled, with the Dow Jones Industrials falling more than 300 points. http://www.ibtimes.com/articles/20080915/sector-snap-auto-parts-supplier-shares-decline.htm Mon, 15 Sep 2008 14:33:24 EDT Johnson Controls Inc., which makes building and automotive systems, said Wednesday it will cut jobs and consolidate manufacturing facilities as part of a plan to restructure its operations. http://www.ibtimes.com/articles/20080903/johnson-controls-to-cut-jobs-consolidate-plants.htm Wed, 03 Sep 2008 07:42:18 EDT Shares of several auto suppliers rose Tuesday, after news that Hurricane Gustav had largely spared the Gulf Coast and its oil facilities sent the price of crude down and the overall market up. http://www.ibtimes.com/articles/20080902/sector-snap-auto-suppliers.htm Tue, 02 Sep 2008 14:13:37 EDT Shares of several auto suppliers fell Wednesday as investors fretted about just how long the slump in the U.S. economy will last and its possible impact on vehicle production. http://www.ibtimes.com/articles/20080827/sector-snap-auto-suppliers-slide.htm Wed, 27 Aug 2008 11:34:09 EDT An analyst downgraded the auto parts sector Wednesday and cut an array of individual stocks, saying uncertainty remains about the health of the U.S. economy and the auto market. http://www.ibtimes.com/articles/20080827/ahead-of-the-bell-analyst-cuts-auto-parts-sector.htm Wed, 27 Aug 2008 08:11:09 EDT The South Carolina Department of Corrections is borrowing more than $14 million to start an energy and water savings program that it expects will generate $1.3 million a year in savings by installing better equipment, drilling new wells and using other conservation tools. http://www.ibtimes.com/articles/20080825/water-power-savings-okd-at-sc-prisons.htm Mon, 25 Aug 2008 17:15:55 EDT A defendant who helped authorities crack a New Orleans City Hall kickback scheme was sentenced to six months in federal prison Wednesday by a federal judge who turned down prosecutors' request that the man be allowed to remain free. http://www.ibtimes.com/articles/20080820/last-sentencing-in-n-o-city-hall-corruption-case.htm Wed, 20 Aug 2008 14:44:22 EDT NAME--Andrew J. Farah. AGE--47. Born in Flint, Mich. http://www.ibtimes.com/articles/20080813/biographical-information-on-andrew-farah.htm Wed, 13 Aug 2008 16:23:48 EDT Lawyer Roy Rodney Jr., a close associate of former New Orleans Mayor Marc Morial, was sentenced Wednesday to four months in federal prison after pleading guilty to a charge of failing to file income tax returns. http://www.ibtimes.com/articles/20080813/ex-new-orleans-mayors-friend-sentenced-over-taxes.htm Wed, 13 Aug 2008 13:53:07 EDT Shares of major automakers rose Friday as oil prices fell below $116 a barrel and broader indexes surged. Light, sweet crude fell $4.82 to settle at $115.20 a barrel on the New York Mercantile Exchange after dipping as low as $114.90 earlier in the session. The price of oil has lost more than $30 the past four weeks, stoking expectations that gasoline prices will also fall. http://www.ibtimes.com/articles/20080808/sector-snap-automakers-advance-as-oil-slips.htm Fri, 08 Aug 2008 15:37:13 EDT Ford Motor Co. and Johnson Controls Inc. said Friday they jointly terminated their memorandum of understanding for the sale of Ford's Automotive Components Holdings interiors business to Johnson Controls, citing tough economic conditions. http://www.ibtimes.com/articles/20080808/ford-sale-of-business-falls-through.htm Fri, 08 Aug 2008 08:53:06 EDT The Oak Ridge National Laboratory is going green. The Department of Energy research facility has long studied energy conservation and alternative fuels. Now it will put that knowledge into practice with an $89 million renovation of its 1950s-era steam plant. http://www.ibtimes.com/articles/20080805/oak-ridge-natl-lab-going-green-with-steam-plant.htm Tue, 05 Aug 2008 15:38:09 EDT The continued decline in North American automotive production is expected to weigh heavily on the second-quarter results of auto suppliers, especially those heavily dependent on light truck production at the U.S.-based automakers. http://www.ibtimes.com/articles/20080722/earnings-preview-auto-suppliers.htm Tue, 22 Jul 2008 15:24:58 EDT Johnson Controls Inc., which makes building and automotive systems, said Monday it acquired Philadelphia-based PWI Energy as part of an effort to expand its energy and greenhouse gas management services. http://www.ibtimes.com/articles/20080721/johnson-controls-buys-pwi-energy.htm Mon, 21 Jul 2008 16:01:33 EDT Sales of heating and cooling equipment are getting a boost from greater demand for energy efficient systems, as people try to trim utility bills amid soaring fuel costs. http://www.ibtimes.com/articles/20080717/heating-cooling-system-sales-get-boost.htm Thu, 17 Jul 2008 17:27:08 EDT Among the earnings stories for Thursday, July 17, from AP Financial News: HELSINKI, Finland (AP)--Nokia Corp., the world's top cell phone maker, reported better-than expected results for the second quarter Thursday and upgraded its forecast for the global handset market. Its shares jumped 8 percent. http://www.ibtimes.com/articles/20080717/earnings-roundup-nokia-danaher.htm Thu, 17 Jul 2008 15:08:28 EDT Among the earnings stories for Thursday, July 17, from AP Financial News: Top stories: http://www.ibtimes.com/articles/20080717/earnings-roundup-coca-cola-johnson-controls.htm Thu, 17 Jul 2008 10:43:56 EDT Johnson Controls Inc., which makes building and automotive systems, said Thursday its fiscal third-quarter profit rose 11 percent on a jump in sales at its building efficiency division. http://www.ibtimes.com/articles/20080717/johnson-controls-3q-profit-rises.htm Thu, 17 Jul 2008 18:39:23 EDT Major business events and economic events scheduled for Thursday: WASHINGTON--Commerce Department reports on housing starts for June, 8:30 a.m. http://www.ibtimes.com/articles/20080716/calendar-of-major-business-events-for-thursday.htm Wed, 16 Jul 2008 15:09:58 EDT