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Jim Worsham New CEO of U.S. Aerospace, Inc.
Monday, October 4, 2010 - 8:32am | 108U.S. Aerospace, Inc. (USAE) Jim Worsham has agreed to serve as the Company's Chief Executive Officer. Worsham developed and has served as head of Aviation Marketing and Business Development for the Southern California Logistics Airport (SCLA) for the last 10 years. From 1982 to 1989, he served as...
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GE Signs Nearly $700 Million Agreements in Saudi Arabia
Monday, October 4, 2010 - 8:03am | 140GE (NYSE: GE) has signed agreements worth approximately $700 million to supply power generation equipment and long-term services for a new gas-fired, independent power plant that will help Saudi Arabia, the Middle East's largest economy, meet a growing need for residential and industrial power....
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GE Acquires Green Technology from Innovator Calnetix Power Solutions
Friday, October 1, 2010 - 9:46am | 112GE (NYSE: GE) today announced the acquisition of substantially all of the assets of Calnetix Power Solutions. Recovering waste heat from industrial processes and using it to produce electricity is a rapidly growing trend in the global power industry offering high efficiency and a reduced carbon...
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GE Introduces Electric Vehicle Charger
Friday, October 1, 2010 - 9:06am | 110GE (NYSE: GE) today unveiled the residential GE WattStation electric vehicle charger. Following the announcement of the public charger in July, the residential GE WattStation is designed to help accelerate the adoption of plug-in electric vehicles by significantly decreasing time needed for vehicle...
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Siemens to Acquire Site Controls
Friday, October 1, 2010 - 8:01am | 61The Building Technologies Division of Siemens Industry, Inc. (NYSE: SI) announced today it has signed an agreement to acquire Site Controls, LLC, the Austin, Texas-based provider of enterprise-wide energy management solutions for multi-site commercial businesses. Terms of the acquisition are not...
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GE Hit with Sanctions and Court Orders Microwave Fire Case to Move Forward (GE)
Thursday, September 30, 2010 - 4:09pm | 326Tycko & Zavareei LLP filed a products liability class action lawsuit against General Electric (NYSE: GE). The lawsuit alleged that GE marketed microwave ovens that contained a defect that could cause the microwaves to turn on spontaneously and catch fire. The lawsuit also alleged that GE had...
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Standex Food Service Equipment Group Selected by 7-Eleven as Supplier
Thursday, September 30, 2010 - 10:05am | 75Standex International Corporation (NYSE: SXI) today announced that its Food Service Equipment Group's APW Wyott brand has been selected as an approved supplier for roller grills by 7-Eleven, Inc. Equipment shipments are expected to commence in the fourth quarter of calendar 2010. The largest chain...
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Textron Inc. Announces its 4.5% Convertible Senior Notes due 2013 to Remain Convertible
Thursday, September 30, 2010 - 10:01am | 113Textron Inc. (NYSE: TXT) announced today that its 4.5% Convertible Senior Notes due 2013 will remain convertible at the option of the holders through December 31, 2010, the last trading day of the fourth calendar quarter, as provided in the Indenture, dated as of September 10, 1999, between Textron...
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5 Stocks for a Slow Economic Recovery
Thursday, September 30, 2010 - 7:51am | 747BOSTON (TheStreet) -- Cisco Systems (Nasdaq: CSCO), General Electric (NYSE: GE) and Hewlett-Packard (NYSE: HPQ) are poised to outperform if the U.S. economy continues to grow at a weak pace, says Jim Meyer, chief investment officer of Tower Bridge Advisors. U.S. companies with consistently high...
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GE Expands Gas Turbine Test Facility
Wednesday, September 29, 2010 - 10:03am | 199GE (NYSE: GE) announced today that it is further expanding the capabilities of its advanced gas turbine test facility. Located in GE's Greenville, S.C., gas turbine manufacturing plant, the test facility will offer the capability for full-scale validation of its next generation gas turbines, heavy-...
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Textron Inks $8.9M Contract - Analyst Blog
Tuesday, September 28, 2010 - 7:48pm | 431Textron Inc. (TXT), through its subsidiary AAI Corporation, has reached an agreement to develop the ground control station for the U.S. Army. The total value of the contract is $8.9 million. Northrop Grumman Corporation (NOC) is the prime contractor for the U.S. Army's Long Endurance Multi-...
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S&P Downgrades Siemens AG (SI) From Buy to Hold
Tuesday, September 28, 2010 - 11:14am | 197S&P downgraded German industrial conglomerate, Siemens AG (NYSE: SI) from Buy to Hold, yesterday. Today, Societe Generale also cut the stock to a Hold. Siemens is currently trading up a fraction. The Economist Magazine recently wrote a favorable article about Siemens AG, but mentioned that...
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Benzinga's Top Downgrades (SLW, KBH, UMC, SI)
Tuesday, September 28, 2010 - 7:11am | 153Silver Wheaton Corp (NYSE: SLW) was downgraded by Credit Suisse from “outperform” to "neutral." SLW's shares closed at $26.54 yesterday. Silver Wheaton's earnings are likely to plunge by 79.76% this year. Goldman downgraded KB Home (NYSE: KBH) from "neutral" to "sell." KBH's shares closed at $11.95...
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Siemens Downgraded At Societe Generale
Tuesday, September 28, 2010 - 6:20am | 77Analysts at Societe Generale downgraded Siemens AG (NYSE: SI) from “buy” to “hold.” The downgrade in rating was based on the company's slowing pace of cost cutting. The analyst said, "The new priority given to 'growth' may also not be appropriate in a low-growth economic environment with increased...
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GE Wins Large Brazilian Contract - Analyst Blog
Monday, September 27, 2010 - 3:03pm | 562GE Transportation, a unit of General Electric Co. (GE), clinched the largest locomotive purchase order in Brazil from MRS Logistica S.A. (“MRS”), a Brazilian rail operator. The announcement was made public at InnoTrans 2010, the world's largest rail exhibition in Berlin, Germany. General...