International Business News - Rand 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 Industrial equipment maker and contractor Dresser-Rand Group Inc. said late Thursday its third-quarter earnings more than doubled as increased demand from the gas and oil sectors drove revenue higher. http://www.ibtimes.com/articles/20081031/dresser-rand-3q-profit-more-than-doubles.htm Fri, 31 Oct 2008 10:31:12 EDT A Wall Street analyst on Monday cut his earnings estimates and share price target on Ingersoll-Rand Co. Ltd. to reflect a "more challenging demand environment" for the diversified manufacturer. http://www.ibtimes.com/articles/20081027/ahead-of-the-bell-ingersoll-rand-estimate-trimmed.htm Mon, 27 Oct 2008 09:00:01 EDT Ingersoll-Rand Co. on Friday reaffirmed its full-year earnings guidance, but said it expects declining performance in North America and Western Europe and higher commodity costs will hurt results. http://www.ibtimes.com/articles/20081024/ingersoll-rand-backs-full-year-guidance.htm Fri, 24 Oct 2008 10:40:25 EDT Diversified manufacturer Ingersoll-Rand Co. said Friday third-quarter profit met Wall Street expectations despite falling almost 15 percent as costs from buying home-heating and cooling company Trane offset a near doubling of revenue. http://www.ibtimes.com/articles/20081024/ingersoll-rands-3rd-qtr-profit-fell-15-percent.htm Fri, 24 Oct 2008 15:42:42 EDT Diversified industrial manufacturer Ingersoll Rand Co. lowered its third-quarter earnings forecast Tuesday due in part to weaker-than-expected revenues across its business segments. http://www.ibtimes.com/articles/20081014/ingersoll-rand-cuts-3rd-quarter-profit-forecast.htm Tue, 14 Oct 2008 09:54:16 EDT Diversified industrial manufacturer Ingersoll-Rand Co. said Monday its board approved changes to the company's long-term incentive program, and has also agreed to hold a shareholder vote related to executive compensation in June. http://www.ibtimes.com/articles/20081006/ingersoll-rand-ok-changes-to-incentive-program.htm Mon, 06 Oct 2008 14:21:00 EDT Oil services company Dresser-Rand Group Inc. says costs tied to Hurricanes Ike and Gustav plus an accident Sunday at a New York facility will cut third-quarter operating income by about $5 million. http://www.ibtimes.com/articles/20081001/dresser-rand-says-storms-to-cut-operating-income.htm Wed, 01 Oct 2008 09:15:41 EDT Petroleum service company Dresser-Rand Group Inc. said Monday that an explosion at its Painted Post, N.Y., facility left two workers injured. The accident Saturday at its reciprocating compressor facility resulted from an explosion during a helium test of a cylinder, which is a component of a reciprocating compressor. http://www.ibtimes.com/articles/20080929/dresser-rand-facility-accident-injures-2-workers.htm Mon, 29 Sep 2008 08:16:36 EDT Dresser-Rand Group Inc., which makes compressors, turbines and other machinery for the petroleum industry, said Friday that its subsidiary Dresser-Rand Services LLC has completed its acquisition of Arrow Industries Inc., a company that provides services for engines and compressors used in the North American pipeline industry. http://www.ibtimes.com/articles/20080829/dresser-rand-subsidiary-completes-acquisition.htm Fri, 29 Aug 2008 17:03:37 EDT Diversified industrial manufacturer Ingersoll-Rand Co. on Friday offered third-quarter guidance in line with Wall Street estimates and reaffirmed its outlook for the year. http://www.ibtimes.com/articles/20080801/ingersoll-rand-3q-profit-to-meet-expectations.htm Fri, 01 Aug 2008 08:08:33 EDT Diversified industrial manufacturer Ingersoll-Rand Co. said Friday its second-quarter earnings shrunk 73 percent on charges from the acquisition of Trane Co. and hefty year-ago gains. http://www.ibtimes.com/articles/20080801/ingersoll-rand-2q-earnings-decline-on-charges.htm Fri, 01 Aug 2008 08:07:50 EDT Dresser-Rand Group Inc., which makes compressors, turbines and other machinery for the petroleum industry, said Monday it agreed to buy some assets of Peter Brotherhood Ltd., which makes steam turbines and gas compressors for oil and gas clients. http://www.ibtimes.com/articles/20080630/dresser-rand-buys-peter-brotherhoods-assets.htm Mon, 30 Jun 2008 12:02:38 EDT Bermuda-based diversified manufacturer Ingersoll-Rand Co. said Monday it named Steven B. Hochhauser the president of its security technologies sector. http://www.ibtimes.com/articles/20080616/ingersoll-rand-names-hochhauser-president-of-unit.htm Mon, 16 Jun 2008 07:49:10 EDT Diversified industrial company Ingersoll-Rand Co. on Monday promoted Steven R. Shawley to senior vice president and chief financial officer. Shawley, 55, replaces James Gelly, who resigned last week, the company said. http://www.ibtimes.com/articles/20080609/ingersoll-rand-names-shawley-cfo-to-replace-gelly.htm Mon, 09 Jun 2008 12:08:03 EDT Moody's Investors Service on Friday cut its investment-grade senior unsecured rating for Ingersoll-Rand Co. Ltd. and its subsidiary Ingersoll-Rand Co. to "Baa1" from "A3," a day after the closing of diversified industrial company's acquisition of Trane Inc. http://www.ibtimes.com/articles/20080606/moodys-lowers-ingersoll-rand-ratings.htm Fri, 06 Jun 2008 12:31:02 EDT Ingersoll-Rand Co. said Thursday that it completed its acquisition of Trane, a heating, ventilation and air conditioning systems provider. Trane becomes a subsidiary of Ingersoll-Rand. Its common stock stopped trading on the New York Stock Exchange at the end of Thursday's session, Ingersoll-Rand said. http://www.ibtimes.com/articles/20080605/ingersoll-rand-completes-acquisition-of-trane.htm Thu, 05 Jun 2008 18:13:23 EDT Dresser-Rand Group Inc., which makes compressors, turbines and other machinery, said Tuesday its first-quarter profit rose 77 percent on increased sales of both new equipment and replacement parts and services. http://www.ibtimes.com/articles/20080429/dresser-rand-1q-profit-rises-on-higher-new-unit-parts-sales.htm Tue, 29 Apr 2008 17:52:19 EDT Bermuda-based industrial conglomerate Ingersoll-Rand Co. reports earnings for the fiscal first quarter on Wednesday. The following is a summary of key developments and analyst opinion related to the period. http://www.ibtimes.com/articles/20080429/earnings-preview-ingersoll-rand-seen-posting-strong-1q.htm Tue, 29 Apr 2008 14:38:36 EDT