New Book Highlights Carrier’s Cool Innovations That Forever Changed the World

June 20th, 2012 by InvestorPoint

FARMINGTON, Conn., June 20, 2012 /PRNewswire/ – With 110 years of innovation as a guide, Carrier unveiled a newly commissioned book, chronicling the robust legacy of industry-changing inventions that have made the world a cooler place to live, work and play at a special reception at the Library of Congress in Washington, D.C. Carrier is the world’s leader in high technology heating, air-conditioning and refrigeration solutions and a part of UTC Climate, Controls & Security, a unit of Un…continued

GE Capital Provides $143 Million in Financing to Taghleef Industries for Acquisition of Applied Extrusion Technologies

June 15th, 2012 by InvestorPoint

GE Capital, Corporate Finance today announced it is administrative agent on a $143 million cash flow credit facility for Taghleef Industries, a leading global producer of plastic and packaging films used for food, labeling and adhesive tapes. The financing was used to acquire Applied Extrusion Technologies (AET), a manufacturer of specialized packaging films. GE Capital Markets served as sole lead arranger and bookrunner. Based in Dubai, UAE, Taghleef Industries is the world’s largest produ…continued

GE Board of Directors Authorizes Regular Quarterly Dividend

June 8th, 2012 by InvestorPoint

The Board of Directors of General Electric Company (NYSE:GE) today declared a $0.17 per share dividend on the outstanding common stock of the Company payable on July 25, 2012, with a record date of June 25, 2012 and ex-dividend date of June 21, 2012. About GE GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing th…continued

Pratt & Whitney and Irkut Sign Definitive Agreement for PurePower PW1400G Engine for MC-21 Aircraft Family

June 5th, 2012 by InvestorPoint

MUNICH, June 5, 2012 /PRNewswire/ — Pratt & Whitney and Russia’s Irkut Corporation today signed a definitive agreement to offer the Pratt & Whitney PurePower® PW1400G engine on Irkut’s MC-21 family of aircraft. This secures the PurePower engine as the only western powerplant offered on the new narrow body program. Pratt & Whitney and Irkut Corporation selected Short Brothers plc, a subsidiary of Bombardier Aerospace of Canada, as the exclusive nacelle provider for the PW1400G engine …continued

Paul Adams Inducted Into Connecticut Academy of Science & Engineering; Gives Keynote Address on ‘Disruptive’ PurePower Geared Turbofan(tm) Technology

June 4th, 2012 by InvestorPoint

EAST HARTFORD, Conn., June 4, 2012 /PRNewswire/ – Paul Adams, Pratt & Whitney’s senior vice president of Operations & Engineering, was recently inducted into the distinguished Connecticut Academy of Science & Engineering (CASE) for his outstanding contributions to jet propulsion technology.  Pratt & Whitney is a United Technologies Corp. (NYSE: UTX) company. Adams was recognized for his technical leadership in the engineering development and production of game-changing tec…continued

GE Capital is Co-Collateral Agent on $200 Million Asset-Based Credit Facility for School Specialty, Inc.

May 25th, 2012 by InvestorPoint

GE Capital, Corporate Finance today announced it is co-collateral agent on a $200 million asset-based credit facility for School Specialty, Inc., a leading provider of resources and services for pre-Kindergarten to 12 th grade educators. The loan will be used for working capital and general corporate purposes to support long-term growth. GE Capital Markets served as co-lead arranger and joint bookrunner. Headquartered in Greenville, Wisconsin, School Specialty (NASDAQ: SCHS) designs, develops and…continued

Kaiser Group Holdings Announces 2011 Year End Results

May 23rd, 2012 by InvestorPoint

FAIRFAX, Va., May 23, 2012 /PRNewswire/ – Kaiser Group Holdings, Inc. (the “Company”) (Pink Sheets: KGHI) today announced availability of its 2011 audited financial statements on the Company website   In February 2008, the Company filed a Form 15 with the Securities and Exchange Commission (“SEC”) to voluntarily terminate the registration of its common stock and suspend its reporting obligations under the Securities Exchange Act of 1934. The Company, at th…continued

Troy Facility Completes S-61(tm) Airframe Modernization for U.S. State Department

May 23rd, 2012 by InvestorPoint

TROY, Ala., May 23, 2012 /PRNewswire/ – Sikorsky Aircraft’s Troy, Ala., facility announced today it has completed the structural modernization of its first S-61T™ airframe, which will now undergo completion at Carson Helicopters for eventual delivery to the U.S. State Department for diplomatic service in Afghanistan.  Sikorsky is a subsidiary of United Technologies Corp. (NYSE: UTX). (Logo: The State Department …continued

Cooper Industries plc – Announcement Under Irish Takeover Rules

May 22nd, 2012 by InvestorPoint

Cooper Industries plc Announcement under Rule 2.10 of the Irish Takeover Rules – Relevant Securities in Issue DUBLIN, May 22, 2012 /PRNewswire/ — Cooper Industries plc (NYSE : CBE) (the ” Company “) confirms that, at the close of business on May 21, 2012, its issued share capital comprised of 159,174,539 ordinary shares of US$0.01 each (” Ordinary Shares “). The International Securities Identification Number for these securities is IE00B40K9117. (Logo:…continued

GE Accelerates Growth in Mining with Planned Acquisitions of Equipment Makers Industrea Ltd. and Fairchild International

May 15th, 2012 by InvestorPoint

GE (NYSE: GE) announced today that it is pursuing acquisitions of two underground mining equipment manufacturers in support of the global expansion of its mining business. GE has entered into an agreement to acquire 100 percent of Australia-based Industrea Limited (ASX: IDL, OTCQX: IULTY), a provider of safety and productivity-enhancing mining equipment and services. The transaction is valued at approximately A$700 million, which represents a 5.5x EBITDA multiple based on full-year financial data as o…continued

PZL Mielec, a Sikorsky Company, Contracted to Build Eclipse 550 Airframe and Wings

May 15th, 2012 by InvestorPoint

MIELEC, Poland, May 15, 2012 /PRNewswire/ – PZL Mielec announced today it has signed an agreement to produce airframe components for Eclipse Aerospace, Inc., contingent upon the launch of Eclipse 550 jet production.  Major components include the fuselage, empennage and wings for the Eclipse 550 jet. PZL Mielec would manufacture these components in Poland and ship them to Eclipse’s facilities in Albuquerque, New Mexico, USA, for final assembly and delivery to customers once Eclipse officiall…continued

TowerJazz and GE Capital Sign Definitive Asset Based Loan Agreement to Provide Up to 4 Billion Yen Credit Line (Approximately $50 Million)

May 9th, 2012 by InvestorPoint

Loans at Libor or Tibor Plus 2.6% Can Be Utilized Through 2015 NISHIWAKI, Japan and MIGDAL HAEMEK, Israel, May 9, 2012 /PRNewswire/ — TowerJazz, the global specialty foundry leader, today announced that it has signed a definitive credit line agreement with GE Capital to provide TowerJazz’s Nishiwaki facility with a credit line of up to 4 billion Japanese Yen (approximately $50 million). Loans to be obtained under this credit line will carry an interest of the higher of TIBOR rate or LIBOR rate pl…continued

UTC Names Mick Maurer as President, Sikorsky Aircraft; Jeffrey P. Pino to Retire

May 7th, 2012 by InvestorPoint

HARTFORD, Conn., May 7, 2012 /PRNewswire/ – United Technologies Corp. (NYSE: UTX) today announced the appointment of Mick Maurer as President of its Sikorsky Aircraft Corp. subsidiary, effective July 1. Maurer will report to UTC Chairman & Chief Executive Louis Chenevert, succeeding Jeffrey P. Pino, who will retire July 1. To ensure a seamless succession, Pino and Maurer will collaborate closely during the next two months, after which Pino will serve as a consultant to Sikorsky. Maurer joi…continued

3M(tm) Introduces new Screen Protectors featuring Fingerprint Fading and Anti-Glare Technologies

May 3rd, 2012 by InvestorPoint

Now Available for the new Apple® iPad™ ST. PAUL, Minn., May 3, 2012 /PRNewswire/ – With the beautiful retina display of the new Apple® iPad™ and other top of the line mobile devices, users are more concerned than ever with protecting their screens from daily abuse and optimizing their viewing experience.  3M is now introducing two new innovative technologies to its long line of Natural View Screen Protector products, Anti-Glare and Fingerprint Fad…continued

Dynasil Corporation’s RMD Unit Wins Tibbetts Award from the U.S. Small Business Administration

May 2nd, 2012 by InvestorPoint

Dynasil Corporation of America (NASDAQ: DYSL) today announced that its RMD, Inc. subsidiary has won a Tibbetts Award for its “Model of Excellence” in the Small Business Innovation Research (SBIR) program. In 2011, the Department of Homeland Security’s Domestic Nuclear Detection Office awarded RMD SBIR contracts totaling $1.5 Million for continued research and development of gamma and neutron radiation detectors capable of detecting or identifying nuclear and radiological mate…continued


May 1st, 2012 by InvestorPoint

NOKIA THEATRE L.A. LIVE, LOS ANGELES, CA, THURSDAY, MAY 10, 2012, AT 7:00 PM LOS ANGELES, May 1, 2012 /PRNewswire/ — (Logo: SOURCE Universal Pictures …continued

Crane Co. Announces Second Quarter Dividend

April 23rd, 2012 by InvestorPoint

Crane Co., a diversified manufacturer of highly engineered industrial products, today announced its regular quarterly dividend of $0.26 per share for the second quarter of 2012. The dividend is payable on June 8, 2012 to shareholders of record as of the close of business on May 31, 2012. Crane Co. is a diversified manufacturer of highly engineered industrial products. Founded in 1855, Crane provides products and solutions to customers in the aerospace, electronics, hydrocarbon processing, petroche…continued

This Earth Day, 3M Makes Electronics Recycling Easier

April 18th, 2012 by InvestorPoint

Electronics Bonding Adhesives Help Manufacturers Rework and Recycle Mobile Devices In today’s mobile society, technology is evolving at an accelerated rate leaving consumers coveting the latest advancements and leaving outdated and unwanted electronic equipment ready for the landfill. This Earth Day, 3M is helping to increase rework, repair and recyclability of these gadgets through its Thermal Bonding Films and Plastic Bonding Adhesives. Bonding touch display panel to smartphone chassis…continued

Textron Reports Significant Increase in First Quarter Earnings, Driven by 15.2% Increase in Revenues

April 18th, 2012 by InvestorPoint

Textron Inc. (NYSE: TXT) today reported first quarter 2012 income from continuing operations of $0.41 per share, compared to income of $0.10 per share in the first quarter of 2011. Total revenues in the quarter were $2.9 billion, up 15.2% from the first quarter of 2011. Manufacturing segment profit was $247 million, up $80 million from the first quarter of 2011. First quarter 2012 manufacturing cash flow before pension contributions reflected a use of cash of $106 million compared to a use of cash…continued

U.S. Mid-Market CFOs More Positive on U.S. Economy and Business Performance in First-Quarter GE Capital Survey

April 13th, 2012 by InvestorPoint

U.S. chief financial officers (CFOs) of middle-market companies have grown more positive about the state of their industries and businesses as well as the state of the domestic economy over the last six months, according to the latest middle-market CFO survey by GE Capital. In terms of potential threats to the U.S. economy in 2012, concern over European fiscal conditions spiked in the first quarter, matching worries over the U.S. budget deficit and ahead of concern about U.S. unemployment levels. …continued

MB Aerospace doubles size of operations

December 14th, 2011 by InvestorPoint

GLASGOW, Scotland, Dec. 14 (UPI) — Britain’s MB Aerospace Holdings Ltd reports the acquisition of U.S. company Gentz Industries, a manufacturer of precision aerospace engine components. MBA, a leading aerospace company with facilities in England and Scotland, said the acquisition is doubling the size of MBA’s operations for supply chain management and the manufacture and repair of machined and fabricated components used by original equipment manufacturers. “Our U.K. businesses continue to perform wel…continued

U.S. seeking foreign investment increase

October 10th, 2011 by InvestorPoint

WASHINGTON, Oct. 10 (UPI) — The United States is setting its sights on $1 trillion in new foreign investment over five years, sources told The Wall Street Journal. The goal is to increase foreign investment by 15 percent over the past 10-year average, which is $174 billion per year. To reach the target, the Obama administration is expected to direct Cabinet secretaries to spend more of their time discussing investments with foreign chief executives officers. The Department of Commerce and the State D…continued

Markets stumble Friday

September 30th, 2011 by InvestorPoint

NEW YORK, Sept. 30 (UPI) — U.S. markets slipped Friday after the Commerce Department said incomes fell 0.1 percent in August, the first drop in 22 months. Personal spending rose 0.2 percent in August, down from a 0.7 percent monthly gain in July. With few exceptions, stocks in Asia and Europe were lower despite the German Parliament’s approval Thursday of an expansion to the bailout fund meant to help struggling eurozone countries. The Taiwanese TAIEX index rose 0.6 percent. In Australia, the SP/AS…continued

Crude oil slides

September 30th, 2011 by InvestorPoint

NEW YORK, Sept. 30 (UPI) — Crude oil prices fell Friday, losing $1.45 to $80.68 a barrel on the New York Mercantile exchange and ending September 10 percent lower. “As uncertainty surrounds both the European debt situation and the global economy generally, crude remains highly volatile and under the influence of general market sentiment. Hence, equities sell off, the dollar strengthens and crude heads lower,” Matt Smith, analyst with Summit Energy, a subsidiary of Schneider Electric, told MarketWatch.c…continued

Economic Outlook: Bank on it

September 30th, 2011 by InvestorPoint

Is anyone surprised by U.S. banks lining up to announce new fees on debit cards, given the profits swiped away by a law limiting “swipe fees.” Banks, it might be said, are the monarchs of money in that, all things being equal, they don’t take no for an answer. When Congress limited the fees banks could charge for customers swiping debit cards for purchases, it was a matter of when, where and how much banks would invent a replacement fee. Did anyone have any doubts on this? Reportedly, Bank of Americ…continued

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