Industrial Machine News Archives

Reported by InsiderCow.com -- Multiple Insiders of PRESSTEK INC bought 210,400 shares of PRST from the open market on 2007-12-28. The stock was up 3.85% after the InsiderCow.com report. via M2.com

Consolidated Mercantile Incorporated announced today that it has completed a private sale of all of its share holdings in Polyair Inter Pack Inc. via Earth Times

“Governor Mike Huckabee failed to enforce federal immigration laws, let alone Arkansas' official English law”

English First Political Victory Fund today endorsed former Massachusetts Governor Mitt Romney for President of the United States. via Centre Daily Times

A man who allegedly drove his car at a Hudson police cruiser led officers on a multitown chase before getting stuck in a snowbank. via Nashua Telegraph

ASV, Inc. today issued its summary financial guidance for 2008. Net sales for the year ending December 31, 2008 are anticipated to be in the range of $220 to $250 million. via Construction Equip. Distribution

Jarden is by no means a new, or unique short idea. Jim Chanos has been talking about this stock for years . via Seeking Alpha

“Our previously long-term bearish view on United Rentals' business model is still generally intact”

Saying it's time to move past a drawn-out acquisition battle, a Citi Investment Research analyst lowered his price target on equipment renter United Rentals Inc. via Forbes

When it was announced, this deal had Fools wondering what retailer Finish Line was thinking . via Fool.com

“Grants are very competitive in nature, so it's more kudos to the department for securing it on their own”

When acetylene tanks caught fire at the Hughes Christensen facility in The Woodlands last August, hundreds of people in the surrounding area had to evacuate until firefighters could determine it was safe to ... via Houston Community Newspapers Online

Tom Kealy, 978-667-4111 V.P., Chief Accounting Officer or Agency Contact: For BTU International Bill Monigle, 941-497-1622 IR Counsel BTU International, Inc. via PR-inside.com

“The new hybrid drivetrains will offer significant advantages over existing systems, enabling the vehicles to carry more armored protection for the soldiers who use them.”

Eaton Corp. announced a project with Western Michigan University to adapt the company's digital hydraulic hybrid drive system technology for U.S. Army vehicles. via UPI

“We are pleased about this order and believe it shows another vote of confidence in Baldwin's technology and our ability to help newspaper printers streamline processes and achieve greater production efficiencies.”

Baldwin Technology Company, Inc. , a global leader in process automation technology for the printing industry, announced today that its Japanese subsidiary, Baldwin Japan Ltd., has secured a significant order ... via Customer Interaction Solutions

“Removing the reference to any specific product in our corporate name will ensure our identification remains relevant as we continue to grow and diversify”

Truck might no longer be Truck. Oshkosh Truck Corp. will ask shareholders to amend its articles of incorporation to change the company's name to just Oshkosh Corp. via Oshkosh Northwestern

“We are delighted with the closing of the Andrew transaction, which marks a new chapter in the history of our company”

CommScope, Inc. has completed its acquisition of Andrew Corporation for a total purchase price of approximately $2.65 billion. via Huliq.com

LSI Industries Inc. today announced that the Company has been invited to present at The Tenth Annual Needham Growth Stock Conference. via PrimeNewswire

“We pioneer flight solutions that bring people home everywhere ... every time(TM).”

STRATFORD, Conn: The first H-92 helicopter to feature fly-by-wire technology has completed its first successful flight, Sikorsky Aircraft Corp. via Defence Talk

Shares of ASV Inc. jumped Thursday after the company raised its 2008 guidance, predicting that strong sales in international markets would offset uncertainty in the United States. via Minneapolis/St Paul City Business

“In fact, near-term fundamentals appear slightly stronger”

Shares of specialty fibers maker Buckeye Technologies Inc. rose Thursday after a UBS analyst upgraded the stock on a decline in the share price and strength in one of the company's major markets. via MSN Money

“If the Company's slate is elected, 11 of 12 board seats will be held by independent directors with five of the directors being added since 2005. This clearly demonstrates the Company's commitment and openness to listening to shareholder concerns.”

The letter from Will Holland, lead independent director of the Company, on behalf of A. Schulman's Board strongly urges shareholders to reelect new CEO and current Board member, Joseph M. Gingo, as well as ... via Earth Times

United Rentals said Monday it will seek $100 million after a Delaware court ruled that private equity company Cerberus was not obligated to complete a $4 billion buyout of the equipmentrental company that it ... via Buffalo News

“If you hear what your customers are saying, you can influence their buying habits.”

The Manitowoc Company began in 1902 as a shipbuilding and ship-repair organization with mostly Great Lakes customers. via Manitowoc Herald Times Reporter

“We had a tremendous growth year, adding many new employees in locations around the world while continuing to improve our processes and expand our global network of auction sites”

Ritchie Bros. Auctioneers, the world's largest industrial auctioneer, last week announced the conclusion of its 2007 auction calendar with a preliminary estimate of U.S. $3.18 billion in gross auction proceeds ... via Rental Equipment Register

It hasn't taken John Thain long to put his stamp on the world's largest brokerage. via La Crosse Tribune

“Our ability to draw on expert resources from around the globe to collaborate with our team in China allowed Timken to provide the analysis and recommendations that improved our customer's performance”

The two new contracts resulted in orders for Timken large-bore cylindrical roller bearings. via PR-inside.com

Communications equipment makers Andrew Corp and CommScope Inc. on Monday announced the final terms of their merger, which they said was due to close on December 27. via BNET

The Goodyear Tire & Rubber Company today announced that T&WA Inc., a tire mounting business based in Louisville, Ky., has sold substantially all of its assets to EnovaPremier, LLC. via The Auto Channel

“They don't seem to have reduced demand.”

DESPITE a series of interest rate increases, rising petrol prices and a federal election, Australians are splurging this Christmas - and they're likely to continue spending well past Boxing Day. via News.com.au

Equipment rental group United Rentals Inc said on Monday it terminated its $4 billion takeover by Cerberus Capital Management and asked Cerberus to pay it a $100 million termination fee. via BNET

“Sonoco is expanding its strategy of building business partnerships with our largest global consumer product company customers by simplifying our packaging supply chain offering through a single point of account leadership”

Sonoco , one of the largest diversified global packaging companies, today announced that Steven C. Gendreau has been named division vice president and general manager - Kraft, effective January 1, 2008, ... via Canada NewsWire

“We're pleased the transaction closed smoothly and ahead of schedule, allowing us to turn our attention to integrating these two great businesses and unlocking the tremendous value anticipated from this combination”

ITT Corporation today announced it has completed the acquisition of EDO Corporation, a global aerospace and defense company, for $56.00 per share plus the assumption of debt, which values the transaction at ... via WebWire

“Timken was able to deliver on both aspects, bringing their technical expertise, production capabilities and support together to develop a low-profile sensor solution. In fact, we're now working on the next-generation technology for the application.”

The Timken-developed feedback sensor is embedded into an integrated circuit board. via PR-inside.com

“We remain committed to enhancing shareholder value and have confidence in the performance and future prospects of Terex.”

Terex Corporation today announced that its Board of Directors has increased and extended its share repurchase program, under which the Company now may purchase an additional $500 million of the Company's ... via Construction Equip. Distribution

“Mike has done an outstanding job growing Lincoln's customer base and building strong relationships with key distributor partners”

Michael S. Mintun has been elected Vice President, Sales, North America, for The Lincoln Electric Company, effective January 1, 2008. via The South Mississippi Sun Herald

“Sonoco is expanding its strategy of building business partnerships with our largest global consumer product company customers by simplifying our packaging supply chain offering through a single point of account leadership”

Sonoco Products Co. announced that Steven C. Gendreau has been named division vice president and general manager-Kraft, effective Jan. via WBTW

Wallenius and Wilhelmsen order world's largest RO-RO's Wallenius Lines and Wilh. via Marine Log

The WIRED Gadget Lab headline reads, Robot Solves Rubik's Cube in 6 Seconds. Kawasaki Heavy Industries has serious problems on its mind: getting a robot to beat humans at solving Rubik's cube being among the ... via 2 Cents Worth

“Mr. Siverd and I have voluntarily terminated our employment related agreements in order to be fully aligned with the terms and conditions of the North American senior management team”

HIGHLAND HEIGHTS, Ky., BUSINESS WIRE -- General Cable Corporation reported today that executive officers of the Company, Gregory B. Kenny, President and Chief Executive Officer, and Robert J. Siverd, Executive ... via BroadcastNewsroom

German engineering company Siemens AG said Monday it won a contract with the Canadian transit authority worth 140 million , its largest ever in North America. via PR-inside.com

Eaton Corporation has shuffled its executive team to help accelerate growth opportunities in new technologies while expanding global markets, the company announced. via Truck News

Alcoa Inc. said Friday it has agreed to sell its packaging and consumer businesses to the Rank Group Ltd. via 680News

“The Board of Directors and management team of United Rentals will consider its alternatives under the circumstances and they continue to believe strongly in United Rentals' future prospects”

A Delaware court ruled on Friday that subsidiaries of private-equity firm Cerberus Capital Management don't have to complete their $4 billion buyout of equipment rental company United Rentals. via Fortune

Fitch Ratings put Eaton Corp. on Rating Watch Negative Friday after the company said it planned to acquire Moeller Group and Phoenixtec for a total of about $2.8 billion. via Market Watch

“This acquisition is expected to approximately double our profitable column form business.”

Caraustar Industries Inc. has acquired Mayers Fibre Tube & Core in Winnipeg, Manitoba, Canada Mayers is a manufacturer of construction tubes, waxed void tubes, paper cores, plastic test cyclinder molds, paper ... via Atlanta Business Chronicle

“And the best part of it is, it's designed for distribution warehousing.”

A building that has served as an impossible-to-miss landmark for drivers on Interstate 75 may become empty in coming months. via Dayton Daily News

Sign-up Now for a Free Test Drive of a New Sales Prospecting and Leads subscription services. via Minneapolis/St. Paul Business Journal

The corrected release reads: CLARCOR DECLARES REGULAR QUARTERLY DIVIDEND At its regular quarterly meeting held on December 17, 2007, the Board of Directors of CLARCOR Inc. via PR-inside.com

“Now, North Carolina is just giving away $60 million and not requiring a single new job. There is no public purpose in that. The public gains nothing.”

The group that has challenged unsuccessfully in the past economic incentives given to corporations by the state of North Carolina filed another suit Thursday. via Local Tech Wire

“The trend these days is to try to avoid having human workers at all. People can get dirty and introduce unwanted objects”

A mechanical arm that picks 120 items a minute from a conveyor belt won Japan's Robot of the Year award Thursday, defeating a dozen other flashier finalists, including a walking humanoid, a firefighter robot ... via Penticton Herald

Diversified industrial manufacturer Eaton Corp said on Thursday that it is planning to acquire two businesses in Europe and Asia to expand its electrical systems business outside the United States. via WNED.org

“We are committed to continuing to break new ground for safety solutions in the automation industry and offer our customers the products and services they need to best protect their personnel and machinery.”

New Rockwell Automation introduction of the first ever safety IO node with EtherNet IP capabilities improving information sharing, configuration and productivity. via Jobwerx.com

“Our order rate was a new record, and reflects the strong preference that our customers have for our equipment and services”

Mining equipment maker Joy Global Inc said on Wednesday earnings fell because of higher taxes and said strong market conditions would probably drive 2008 revenue up by 10 to 18 percent. via Reuters

Wausau Paper Corp. will close a facility in Columbus next year, cutting 45 jobs, according to a state filing. via Wausau Daily Herald

“I thought the banks would fund ... There was certainly some risk in it. The markets were tough”

Cerberus Capital Management LP's CBS.UL chief executive testified on Tuesday that his firm's liability in withdrawing a $4 billion offer for United Rentals Inc is limited to $100 million, and his firm cannot be ... via Reuters

“The acquisition of Vycmex gives Applied substantial expertise and capabilities in fluid power products and systems in Mexico”

Applied Industrial Technologies has made an acquisition south of the border. The distributor of bearings and industrial parts has bought Vycmex S.A. de C.V., which is headquartered in Monterrey and is Mexico's ... via Crain's Cleveland Business

Embattled polymer firm A. Schulman Inc. plucked its new chief executive from the company board: Joseph M. Gingo, one of Goodyear's highest-ranking executives. via Ohio.com

“Our detailed state by state look at U.S. construction equipment suggests volumes will fall in 2008 without a recession, and more steeply with one”

Shares of Caterpillar Inc. fell Monday after a Morgan Stanley analyst downgraded the stock, saying a "mild U.S. recession" will hurt Caterpillar and other heavy equipment makers. via Motley Fool

“This laboratory models the integrated engineering business marketplace where multiple technologies converge to solve customers' problems”

Bosch Rexroth recently supplied Texas A&M University with the latest innovative fluid power technology, including hydraulics and pneumatics training equipment, that be utilized in the new Bosch Rexroth-R.C. ... via Market Wire

“No one likes to do this during the holidays, but to position us for a healthy '08, we decided we need to pull back and catch our breath.”

Emergency vehicle manufacturer American LaFrance announced a temporary layoff for some employees working at the Summerville headquarters and at sites in Hamburg, N.Y., Ephrata, Pa., and Sanford, Fla. via The Post and Courier

“It shouldn't be much of a surprise because many of the retailers were warning about the potential for weaker sales.”

Reuters NEW YORK - Stocks fell on Monday, extending last week's losses, as investors worried that signs of rising inflation and weakness in holiday shopping dimmed prospects for economic growth and corporate ... via ABS-CBN News

Equipment rental company United Rentals Inc said the trial in the suit against Cerberus Capital Management LP CBS.UL would be postponed by a day by mutual consent of the parties. via Reuters

Illinois Tool Works Inc. , which supplies products for the automotive, construction and electronics industries, said Monday it is lowering its fourth-quarter earnings estimate due to weakness in North American ... via Chicago Business

“This acquisition represents a significant next step in Ingersoll-Rand's decade-long transformation to become a leading global diversified industrial company, with strong market positions across the climate control, industrial and security markets”

Ingersoll-Rand Co. will acquire Trane Inc. in a $10.1 billion deal that would create one of the world's largest makers of air conditioners, the two companies announced Monday. via Lincoln Daily News

“And investments by global manufacturing companies such as Siemens represent the future of Ohio's economic landscape.”

Siemens Energy & Automation Inc. revitalized its 109-year-old plant in Norwood with a $30 million investment. via Bizjournals

“Green building concepts are not just for new construction.”

The Emily Morgan Hotel in San Antonio has retrofitted the property with a new elevator system that's cutting electricity consumption in half in the historic building. via Bizjournals

“As India's impressive and steady infrastructure development has progressed, Terex Vectra has seen a significant increase in sales, particularly in loader-backhoes, a large and rapidly growing market in that country”

Terex now owns 70 percent of the venture, which began operations in 2003. "As India's impressive and steady infrastructure development has progressed, Terex Vectra has seen a significant increase in sales, ... via PR-inside.com

“I would like to thank them for their support over the years and now look forward to partnering with Onex to execute our strategic plan and continue to grow the business.”

All amounts are in Canadian dollars, except as otherwise specified. TORONTO, Dec. via Canada NewsWire

Looking for stocks that might move lower in the next few days? With the stock market temporarily overbought and overextended to the upside, stocks are likely to pullback. via TradingMarkets.com

Acuity Brands Inc. is projecting its spin-off of Zep Inc. will cost it at total of up to $13 million in fiscal 2008. via Atlanta Business Chronicle

“The mission performance goals for these tires will push known tire technology well beyond its comfort zone”

Goodyear , the innovator of run-flat tire technology on Earth, is working with NASA Glenn Research Center to significantly evolve the technology and take its capabilities to the rest of the universe. via Space Ref

“When we announced the Groveton closure (last fall), we announced a three-year recovery plan”

MOSINEE -- Wausau Paper is poised to weather the same industry storm that is prompting Domtar Inc. via WisInfo

“I think people understand why we are doing it, but nonetheless, it is difficult losing teammates and colleagues.”

HUNTSVILLE -- More than 200 workers will be laid off at the Continental AG plant over the next several weeks as the automotive supplier struggles with fewer orders from its largest customer, Chrysler. via Montgomery Advertiser

Siemens AG said Friday it has revoked the appointment of the chief financial officer at its industry sector unit, calling the move a precautionary measure, The Associated Press reported. via NYSSCPA.org

A major University of Notre Dame benefactor has died in Columbus . Notre Dame officials said Frank Eck was 84 when he died Thursday at Ohio State University Medical Center from complications after open heart ... via WCPO-TV9 Cincinnati

“The basic rubber pneumatic design used on earth does not have the same utility on the moon”

Goodyear Tire & Rubber Co. is working with the National Aeronautics and Space Administration to develop non-pneumatic tires for use on the moon and eventually Mars. via Modern Tire Dealer

Denver International Airport is looking into ways to cut its multimillion-dollar electricity bill. via Denver Post

School bus manufacturer Blue Bird Corp. has selected Goodyear Tire & Rubber Co. as a preferred supplier. via Mo