International Business News - industrials 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 General Electric Co. posted some of the steepest declines among industrial companies in the S&P 500 during the second quarter, as the overall sector was hurt by rising gas prices and a weak U.S. economy. http://www.ibtimes.com/articles/20080630/ge-2q-stock-drop-largest-among-s-p-500-industrials.htm Mon, 30 Jun 2008 14:54:43 EDT Edward Breen, the chief executive of Tyco International, topped the list of the most highly paid chief executives in the industrial sector. AP examined 2007 CEO pay data from the 410 companies in the S&P 500 that filed compensation disclosures with federal regulators in the first six months of this year. The following are the top earners at companies in the industrial sector. http://www.ibtimes.com/articles/20080627/the-highest-paid-industrial-company-ceos.htm Fri, 27 Jun 2008 15:09:17 EDT Shares of construction and engineering companies declined at market open Friday as the broader market reeled after a government report that unemployment surged to 5.5 percent in May and oil prices rose more than $6 a barrel. http://www.ibtimes.com/articles/20080606/opening-glance-construction-engineering-sink.htm Fri, 06 Jun 2008 10:33:32 EDT Shares of railroads and shippers pulled back in early trading Friday as oil leaped past $134 a barrel. Oil rose as high as $134.68 in early trading, stepping close to the $135.09 record set May 22. http://www.ibtimes.com/articles/20080606/opening-glance-rails-shippers-fall-as-oil-jumps.htm Fri, 06 Jun 2008 10:17:21 EDT Shares of aerospace and defense companies fell Friday as a larger-than-expected rise in unemployment sent the market tumbling. According to a Labor Department report, unemployment increased to 5.5 percent in May from 5 percent in April, which was a much larger gain than analysts anticipated and the largest one-month increase since February 1986. http://www.ibtimes.com/articles/20080606/opening-glance-aerospace-and-defense-shares-slide.htm Fri, 06 Jun 2008 10:14:07 EDT The Detroit-Pittsburgh matchup returned the Stanley Cup finals' television ratings to close to pre-lockout levels. The four games on NBC averaged a 3.2 rating and a 6 share, the highest since Carolina-Detroit in 2002 averaged a 3.6. http://www.ibtimes.com/articles/20080606/nbc-sees-stanley-cup-finals-ratings-improve.htm Fri, 06 Jun 2008 09:53:21 EDT The Environmental Protection Agency said Friday 3M Co. would pay a $30,000 fine as part of an agreement over alleged clean-air violation at a Minnesota plant. http://www.ibtimes.com/articles/20080606/3m-to-pay-30-000-to-settle-alleged-epa-violations.htm Fri, 06 Jun 2008 09:51:32 EDT Lockheed Martin Corp. said Friday it received a $233.6 million government contract to supply 24 F-16 airplanes to the Moroccan Air Force. The pact, which will help upgrade the Moroccan Air Force's fleet, will also include mission equipment and support services from Lockheed Martin and other contractors. http://www.ibtimes.com/articles/20080606/lockheed-martin-receives-233-6m-f-16-contract.htm Fri, 06 Jun 2008 07:35:14 EDT Cascade Corp., which makes forklift equipment, said its fiscal first-quarter profit fell from a year-ago period boosted by an insurance settlement. Net income for the three months ended April 30 fell to $10.9 million, or 98 cents per share, from $23.8 million, or $1.90 per share. The year-ago quarter included an insurance settlement that boosted earnings by 80 cents per share. http://www.ibtimes.com/articles/20080605/cascade-profit-falls-in-fiscal-1st-quarter.htm Thu, 05 Jun 2008 18:27:12 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 Zebra Technologies Corp.'s Navis division, which makes software to monitor and streamline port operations, said Thursday it will update the computer operating system at Port Klang in Malaysia. http://www.ibtimes.com/articles/20080605/zebra-technologies-navis-gets-malaysia-port-deal.htm Thu, 05 Jun 2008 17:51:21 EDT Outsourcing company Convergys Corp. said Thursday it expects revenue from Alltel Corp., which Verizon Wireless agreed to buy earlier in the day for $5.9 billion, to be less than $5 million in 2008. http://www.ibtimes.com/articles/20080605/convergys-sees-2008-revenue-from-alltel-at-5m.htm Thu, 05 Jun 2008 17:47:33 EDT Information-technology services provider TechTeam Global Inc. said Thursday that it acquired Los Gatos, Calif.-based Onvaio LLC. Financial terms were not disclosed. http://www.ibtimes.com/articles/20080605/techteam-global-buys-onvaio-llc.htm Thu, 05 Jun 2008 17:38:45 EDT Tyco International Ltd. said Thursday it bought a franchisee of its Sensormatic anti-theft division for $90 million. The sale includes the assets of Winner Security Services LLC, a franchisee of Sensormatic Electronics Corp. in Pennsylvania and Delaware. http://www.ibtimes.com/articles/20080605/tyco-buys-sensormatic-franchisee-for-90-million.htm Thu, 05 Jun 2008 17:34:21 EDT In the wake of three construction crane accidents in the past three months that claimed 11 lives, industry groups on Thursday called for nationwide safety standards. http://www.ibtimes.com/articles/20080605/crane-industry-groups-push-for-national-standards.htm Thu, 05 Jun 2008 17:21:52 EDT BearingPoint Inc.'s Chief Financial Officer Eileen A. Kamerick has resigned after less than a month on the job, according to a Securities and Exchange Commission filing Thursday. http://www.ibtimes.com/articles/20080605/bearingpoint-cfo-kamerick-resigns-after-1-month.htm Thu, 05 Jun 2008 17:17:37 EDT Battery maker C&D Technologies Inc. said Thursday its first-quarter profit tumbled on tough comparisons to a prior-year period boosted by a gain related to the sale of a Chinese plant. http://www.ibtimes.com/articles/20080605/c-d-fiscal-1st-quarter-profit-beats-predictions.htm Thu, 05 Jun 2008 16:59:44 EDT Shares of most machinery companies closed higher along with the broader market Thursday as better-than-expected retail sales and a drop in the number of laid-off workers seeking unemployment benefits offset a spike in oil prices. http://www.ibtimes.com/articles/20080605/closing-glance-machinery.htm Thu, 05 Jun 2008 16:55:59 EDT Shares of electrical equipment companies ended higher on Thursday as the broader market advanced following a report from the Labor Department showing that the number of laid-off workers seeking unemployment benefits fell last week. Meanwhile, May sales for many retailers came in better than expected. http://www.ibtimes.com/articles/20080605/closing-glance-electrical-equipment-ends-higher.htm Thu, 05 Jun 2008 16:15:50 EDT Shares of construction and engineering companies closed higher with the broader market Thursday after the Labor Department said applications for unemployment benefits fell last week, while May retail sales came in better than expected. http://www.ibtimes.com/articles/20080605/closing-glance-construction-engineering-climbs.htm Thu, 05 Jun 2008 16:14:06 EDT