Boating News

" As the economy begins to show signs of recovery, the marine industry's future relies on consumers' ability to find dependable dealers that exceed their sales and service expectations.

Mike Davis, left, holds a microphone to call out the numbers bid by more than 200 local participants at a Saturday auction at Hatteras Yachts to benefit the Coastal Carolina Chapter of the American Red Cross.

The 2009 Marine Dealer Conference & Expo, which moved from Las Vegas to Disney's Coronado Springs Resort in Orlando this year, got underway yesterday night with a keynote from the Disney Institute's Rob Morton.

A Midway manufacturer now pulling double-duty as an officer of the Minnesota District U.S. Bankruptcy Court says Ranger Boats at Flippin will be the biggest prize in assets belonging to Minnesota-based Genmar Holdings Inc.

A Marriage In Separation Tuesday, November 10, 2009 Photo: BassFan Irwin Jacobs yesterday stepped down as chairman and CEO of Genmar Holdings, Inc.

Fueled by massive layoffs at some of the region's largest employers, Knoxville plummeted 59 spots to 119th on the Milken Institute's 2009 list of the best-performing cities in America.

A motion for permission to auction the assets of Minneapolis-based Genmar Holdings Inc., the parent company of Ranger Boats at Flippin, is expected to be filed this week for review by U.S. Bankruptcy Judge Dennis D. O'Brien of the District of Minnesota.

Legendary Minnesota financier Irwin Jacobs, who once made a small fortune grabbing up distressed companies, may be looking to make a bid on his own troubled recreational boat company.

As of last week, Irwin L. Jacobs is no longer Chief Executive Officer of Genmar, the company said in a release Monday.

Twin Cities entrepreneur Irwin Jacobs has been booted out of the chairman and CEO spots at his bankrupt boat manufacturer Genmar Holdings Inc.

A BOAT taking shape at Carteret Community College is an example of innovation fueled by adversity.

Brunswick Corp. filed Quarterly Report for the period ended 2009-11-03. Brunswick Corporation is a manufacturer and marketer of leading consumer brands in four segments: Marine Engines Boats Fitness and Bowling & Billiards.

DIAGNOSTIC IMAGING: Two experienced radiologists have joined Lake Forest Hospital's newly restructured Diagnostic Imaging Department.

Twin Cities businessman Irwin Jacobs, who is known for scooping up bankrupt firms, is now to seeking to buy back Genmar Holdings Inc.

" Wells Fargo Securities LLC's Leisure Equity Research Department has upgraded Brunswick Corp.

Production cuts and layoffs will continue through the rest of this year at Brunswick Corp.

Chicago-based exchange operator CME Group Inc. said Thursday that its third-quarter profit increased 20 percent as cost cutting and a smaller tax provision offset a 4 percent decline in revenue.

LAKE FOREST, Ill. - Brunswick Corporation, parent company of Mercury Marine, on Thursday reported total third quarter sales of $665.8 million, down 36 percent compared to 2008.

Brunswick Corp. reported a narrower-than-expected quarterly loss on Thursday, sending its shares up more than 8 percent, as aggressive cost-cutting helped offset continued weakness in its core marine market.

Marine Products Corp., the maker of Chaparral pleasure boats and Robalo fishing boats, generated net sales of $8.7 million in its third quarter, a 72.3-percent decrease compared to $31.5 million last year.