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ITW Disposes of Meyercord - Analyst Blog
Thursday, September 9, 2010 - 4:36pm | 630Illinois Tool Works Inc. (ITW) disposed of its wholly-owned subsidiary, Meyercord Revenue Inc. to SICPA Product Security LLC for an undisclosed amount. The business was stated to be unfit for Illinois Tool's long-term growth platform. SICPA Product Security is a private company specializing in...
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Calls Active on ITT Corp. (ITT)
Thursday, September 9, 2010 - 2:41pm | 136Shares of ITT Corp. (NYSE: ITT) are lower on the session by 0.33%, currently trading at $45.34. The stock has been moving largely lower over the past six months and has had trouble with the 50-day moving average a number of times. Options traders are betting that the stock can rally from these...
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Trading Update on Water Stocks; (WSCE) (NLC) (PNR) (ITT)
Thursday, September 9, 2010 - 12:23pm | 869September 9, 2010 www.Water-Stocks.com, an investor and industry portal for the water sector within Investorideas.com, presents a sector close-up on water stocks on water and climate change, following comments from World Water Week in Stockholm. Water Stocks Sector close- up trading September 9,...
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Goldman Sachs: Maintains Buy On Danaher
Thursday, September 9, 2010 - 10:22am | 132Danaher Corporation (NYSE: DHR) recently held the Tektronix analyst meeting. A key takeaway were that company results in July and August were above expectations and suggest upside to consensus EPS as well as the high end of guidance for Q3. DHR indicates no signs of weakness in order trends that...
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Zacks #1 Rank Additions for Thursday - Tale of the Tape
Thursday, September 9, 2010 - 8:42am | 304Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: Albany International Corp (AIN) Altera Corp (ALTR) Banco de Chile (BCH) British Sky Broadcasting Group Plc (BSYBY) CNB Financial Corp (CCNE) View the entire Zacks #1 Rank List. ALBANY INTL A (AIN): Free Stock...
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MFRI Announces Second Quarter Results;
Thursday, September 9, 2010 - 8:41am | 80MFRI, Inc. (NASDAQ: MFRI) announced today sales and earnings for the quarter and six months ended July 31, 2010. Second quarter net sales increased 1.3% to $61.9 million, from $61.1 million in the corresponding quarter of the prior year; net income was $2.9 million or $0.42 per diluted share,...
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NN, Inc. Chairman and CEO Announces Plans to Exercise Expiring Stock Options
Wednesday, September 8, 2010 - 4:03pm | 103NN, Inc. (Nasdaq: NNBR) today announced plans by Roderick R. Baty, Chairman and Chief Executive Officer to exercise 66,300 NN, Inc. stock options that are due to expire on October 10, 2010 and sell such shares in the open market beginning September 8, 2010. The original grant date of the options...
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NN, Inc. Announces the Closure of Its Tempe Arizona Facility (NNBR)
Wednesday, September 8, 2010 - 3:47pm | 195NN, Inc. (Nasdaq: NNBR) today announced that it has sold a portion of the manufacturing assets of its Tempe Arizona facility to Triumph Manufacturing LLC, a newly formed Company that is not affiliated with NN. On January 6, 2010, NN announced that it would be closing its Tempe Arizona facility,...
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ITT Completes Sale of CAS, Inc.
Wednesday, September 8, 2010 - 2:48pm | 95ITT Corporation (NYSE: ITT) today announced it has completed the sale of CAS, Inc., its systems engineering and technical assistance (SETA) services business, to Wyle for $235 million. “We are pleased to have completed the sale of this business to a company that can position it for future growth...
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Wyle Inc. Closes Deal to Acquire CAS, Inc.
Wednesday, September 8, 2010 - 2:30pm | 46Wyle Inc. today announced completion of the acquisition of CAS, Inc., a division of ITT Corporation (NYSE: ITT). CAS is a premier Huntsville-based provider of systems engineering and technical assistance services to the U.S. Department of Defense.
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Illinois Tool Acquires Elro Group - Analyst Blog
Wednesday, September 8, 2010 - 2:03pm | 606Illinois Tool Works Inc. (ITW) recently acquired Bremergarten-based developer and manufacturer of high quality thermal food service equipment, Elro Group. The terms of the transaction were not disclosed. The acquired company, founded in 1934, employs roughly 200 employees and will operate as a...
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9-8-10 Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com
Wednesday, September 8, 2010 - 12:12pm | 4365Julie Pace, Associated Press Writer Obama to pitch trio of economic proposals in Ohio Obama to pitch trio of economic proposals, draw contrast with Republicans’ agenda WASHINGTON (AP) — President Barack Obama is voicing unwavering opposition to extending Bush-era tax breaks for the nation’s...
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ITT Receives Production Award (ITT)
Wednesday, September 8, 2010 - 10:39am | 69ITT Corporation (NYSE: ITT) has been selected to produce mounted counter-IED systems under a contract awarded by the Naval Sea Systems command, Washington, D.C. Joint Counter-Radio Controlled Electronic Warfare mounted systems are electronic jammers designed to prevent the initiation of radio-...
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SICPA Acquired Meyercord Revenue Inc. from Illinois Tool Works (ITW)
Wednesday, September 8, 2010 - 8:16am | 85SICPA Security Inks and Systems USA, Inc. today announced that it has acquired Meyercord Revenue Inc., previously a wholly-owned subsidiary of Illinois Tool Works Inc. (NYSE: ITW). The transaction will combine SICPA's international government tax platform expertise with Meyercord's experience in...
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Top 4 NYSE Stocks In The Industrial Goods Sector With The Highest ROE (LMT, JBT, BA, KOP)
Wednesday, September 8, 2010 - 6:37am | 150Below are the top industrial goods’ stocks on the NYSE in terms of return on equity. The trailing-twelve-month return on equity at Lockheed Martin Corporation (NYSE: LMT) is 88.34%. LMT’s quarterly earnings increased 12.40% y/y. The trailing-twelve-month return on equity at John Bean Technologies...