Industrial Machine News

The Goodyear Tire & Rubber Company introduced a new Kelly Armorsteel KRH regional tire for pickup and delivery and school buses. via Heavy Duty Trucking

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The former chief executive and board chairman at German industrial conglomerate Siemens could be fined for a violation of his oversight duties. via Manufacturing.net

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“It strengthens our contiguous network of distribution across the Southern United States by adding a significant presence in the North Carolina market.”

Texas-based Rush Enterprises, which operates the largest full service network of heavy- and medium-duty truck dealerships in North America, has acquired two more dealership compnies in Charlotte, North ... via Heavy Duty Trucking

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“Market conditions continued to deteriorate as the cost of recycled paper and energy increased while in Canada, demand weakened in some of our groups”

- Tissue and cardboard maker Cascades Inc. (TSX:CAS) reported a first-quarter net loss of $4 million, reversing a year-ago $22-million profit as the company was hit by high fibre costs, a strong Canadian dollar and challenging business conditions in the company's boxboard and tissue paper sectors.

The Quebec company said Thursday it lost four cents a share for the three months ended March 31. That compared with net earnings of $22 million or 22 cents a share for the same period in 2007.

When excluding specific items, the net loss for the quarter amounted to $9 million, compared with earnings of $5 million last year. Read more

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Real Goods Solar Down as Much as 19%, Prices $55 Million IPO; Colfax Shares Rise as Much as 33% in First Day of NYSE Trading via ClipSyndicate

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“Our election of (Kleinfeld) to the position of CEO reflects our confidence in him as a truly global leader, capable of continuing to capture the growth opportunities ahead”

The board of Alcoa Inc. today elected President Klaus Kleinfeld to succeed Alain Belda as chief executive, effective immediately. via Pittsburgh Tribune-Review

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“After drupa but before the Annual General Meeting on July 18, we will announce appropriate measures to secure our leading market position and financial performance in the long term”

Sales and operating result down on last year -- Business hit by struggling global Economy and strong euro -- No market improvement on horizon for current financial year 2008/2009 -- First quarter 2008/2009: ... via Express India

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Jarden Corp., an appliance and consumer products maker, said Thursday its first-quarter profit more than tripled, helped by the acquisition of two outdoor sporting goods companies. via International Business Times

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Illinois Tool Works Inc. , the manufacturer of Duo-Fast nail guns and Wilsonart countertops, agreed to buy Enodis Plc for $2.1 billion, trumping a rival offer for the U.K. catering-gear maker from Manitowoc Co. via Bloomberg

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“I'm going to do whatever it takes to bring an NHL franchise to Columbus.”

COLUMBUS, Ohio - There were captains of industry, professional athletes, famous coaches, celebrities and even little kids wearing Blue Jackets jerseys and quietly filing into Nationwide Arena on Wednesday ... via Coshocton Tribune

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