Industrial Machine News

On Wednesday, December 2, 2009 starting at approximately 8:30 a.m. CST, Ritchie Bros.

Spencer's Retail, a subsidiary of RPG Enterprises, said today that it intends to open 70 stores of the premium brand Beverly Hills Polo Club across India during the next fiscal The company has earmarked Rs20 crore for the purpose and is in negotiations with various mall developers to clinch the best deals on rental schemes, it said.

The new wholly owned subsidiary will integrate MHI's current operations in compressors with those of MHI Turbo-Techno Co.

An improved 2010 revenue forecast prompted an analyst to slightly increase his profit estimate for Deere & Co.

Citing "unfriendly" government regulations, an El Dorado electrical cable manufacturer is laying off 40 workers.

The Toro Company has announced that Judy Altmaier has joined the company as vice president, operations.

Tucson, Ariz.-based laser components-maker Lasertel Inc., a unit of Greenwich-based Presstek Inc.

Finning International Inc. said Thursday that its Canadian division is selling seven giant Caterpillar 797 mining trucks and nine D11 track-type tractors to Shell Canada Energy.

West Virginia American Water has issued a precautionary boil water advisory for a small section of Charleston.

Following a resolution at a board of directors meeting held today, OMRON Corporation announced its intention to spin off its switch business to its consolidated subsidiary OMRON KURAYOSHI Corporation through a corporate split in April 2010.

STMicroelectronics , the leading supplier of MEMS for consumer and portable applications and the third largest MEMS manufacturer overall , has expanded its portfolio with next-generation micro-machined acoustic devices.

Deere and Co. lost $223 million in the fourth quarter, reflecting big charges and a 28 percent slump in sales as demand for tractors, combines and construction equipment sagged amid the global economic downturn.

The Drew Industries family of companies, including Lippert Components, Inc., Kinro, Inc., Kinro Composites, Seating Technology, Michiana Mattress, and Happijac are all preparing for their biggest-ever participation at the upcoming 47th Annual National RV Trade Show in Louisville, KY December 1st-3rd. "Business has been significantly better in the ...

Nokia just announced 2 new budget sliders with an emphasis on media sharing and pretty colors.

The report Owens Community College filed eight months ago to maintain national accreditation for its nursing program failed to show what, if anything, the college did to bring the program up to standards in two deficient areas.

Among the shares expected to see active trade in Wednesday's session are Deere, Tiffany, Johnson Matthey, and Microsoft.

Cooper Tire & Rubber Company today announced that it is adding capacity at its Findlay tire plant with an additional $10 million investment in automation, cost improvements and retooling to support market trends.

Filed under: Earnings reports , Forecasts , Deere and Co Deere & Co. , maker of the iconic John Deere tractor, is scheduled to discuss its fiscal fourth-quarter 2009 financial results in a conference call Wednesday, November 25, at 10:00 AM ET, hosted by Chief Financial Officer Jim Field.

Tariffs on imports, lower supplies and higher demand from drivers buying winter tires are combining to jack up costs.

Griffon Corp. has won a $6.9 million contract to provide support systems for U.S. Navy helicopters, the company said Monday.