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Beckman Coulter's Board Recommends Stockholders Accept Danaher's Cash Tender Offer
Tuesday, February 15, 2011 - 5:38pm | 55Beckman Coulter, Inc. (NYSE: BEC) announced today that its board of directors unanimously recommends that Beckman Coulter's stockholders tender their shares to Danaher Corporation (NYSE: DHR) at the previously announced price of $83.50 per share of Beckman Coulter's common stock.
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EnPro Industries to Acquire the Mid Western Companies
Tuesday, February 15, 2011 - 5:19pm | 67EnPro Industries, Inc. (NYSE: NPO) announced today that it has reached an agreement to acquire the Mid Western companies, privately held businesses primarily serving the oil and gas drilling, production and processing industries of Western Canada. The company expects to complete the Mid Western...
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L.B. Foster Company Announces Facility Shutdown
Tuesday, February 15, 2011 - 5:08pm | 97L.B. Foster Company (NASDAQ: FSTR) announced today that CXT® Inc.'s (L.B. Foster's wholly owned subsidiary and herein "L.B. Foster") Grand Island manufacturing plant will be closed. According to Stan Hasselbusch, President and CEO, "The contract that we have with our key customer at this facility,...
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Colfax Corporation Up 12.7% After Hitting 52-Week High (CFX)
Tuesday, February 15, 2011 - 3:01pm | 213Shares of Richmond, Virginia-based Colfax Corporation (NYSE: CFX) trading up 12.7% at $21.29 per share during the Tuesday afternoon trading session. The day's trading range for shares of Colfax Corporation has been between $20.50 and a 52-week high of $21.85 per share. Analysts covering the company...
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World Bank: Food prices at "dangerous levels"
Tuesday, February 15, 2011 - 2:28pm | 147WASHINGTON (AP), Yahoo! Finance– World Bank President Robert Zoellick says global food prices have hit "dangerous levels" that could contribute to political instability, push millions of people into poverty and raise the cost of groceries. The bank says in a new report that global food prices have...
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Sanofi, Genzyme Deal As Soon As Tomorrow (SNY, GENZ)
Tuesday, February 15, 2011 - 2:20pm | 169The Wall Street Journal is reporting that a deal between Genzyme (NASDAQ: GENZ) and Sanofi-Aventis (NYSE: SNY) may be announced as soon as tomorrow. The two companies have agreed to a deal in principal, according to sources close to the situation. The deal values Genzyme at $74 per share for...
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Met-Pro Corporation's Environmental Air Solutions Business Unit Receives Order in Excess of $500,000
Tuesday, February 15, 2011 - 11:32am | 104Raymond J. De Hont, Chairman and Chief Executive Officer of Met-Pro Corporation (NYSE: MPR), announced today that the Company's Environmental Air Solutions business unit has received an order, totaling more than $500,000, to supply a regenerative thermal oxidizer to a manufacturer of products used...
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Colfax Reports Upbeat Q4 Earnings
Tuesday, February 15, 2011 - 7:21am | 55Colfax (NYSE: CFX) reports its Q4 adjusted EPS at $0.39, beating the consensus of $0.33. CFX reports its Q4 revenue at $166.7 million, versus the consensus of $151.92 million. CFX shares gained 0.34% to $18.96 in after-hours trading. Read more from Benzinga's Company news.
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Gencor Reports Q1 EPS of $0.12
Monday, February 14, 2011 - 4:50pm | 164Gencor Industries, Inc., (Nasdaq: GENC) announced net revenue for the quarter ended December 31, 2010 was $7.8 million compared to $11.1 million for the quarter ended December 31, 2009. Operating loss for the quarter ended December 31, 2010 was $1.7 million compared to $1.4 million of operating...
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Eaton Wins $2.4M Federal Stimulus Grant to Develop Microgrid for U.S. Army
Monday, February 14, 2011 - 12:09pm | 77Eaton Corporation (NYSE: ETN) today announced that it will receive a $2.4 million federal stimulus grant to develop a microgrid to help military bases better manage power and storage while reducing their carbon footprints. The project is intended to achieve an uninterrupted power supply,...
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Hudson Securities Raises Albany International PT To $31, Maintains Buy (AIN)
Monday, February 14, 2011 - 10:35am | 134Hudson Securities raised its Albany International (NYSE: AIN) price target to $31 from $28 and maintained Albany International's Buy rating in a research report published today. In the report, Hudson Securities states, "Even factoring out another volatile (but beneficial in 4Q) quarter of currency...
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Hudson Securities Raises Gardner Denver PT To $81, Maintains Neutral (GDI)
Monday, February 14, 2011 - 10:33am | 158Hudson Securities raised its Gardner Denver (NYSE: GDI) price target to $81 from $62 and maintained Gardner Denver's Neutral rating in a research report published today. In the report, Hudson Securities states, "With a recovering industrial economy and increased drilling activity, the stage was set...
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Nanotechnology is Big Business
Sunday, February 13, 2011 - 5:20pm | 601The mathematical definition of 'nano' is one billionth; so for example, a nanosecond is one billionth of a second. Nanotechnology is the science of manufacturing and utilizing extremely small particles and devices, sometimes as small as single atoms and molecules. A nanometer is one-billionth of a...
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The Bull Brief: Danaher Corporation (DHR)
Friday, February 11, 2011 - 3:32pm | 69Shares of Danaher Corporation (NYSE: DHR) are higher on the session by 1.26%, trading at $51.65. Overall call volume is now running at 2.03x the daily average, with 94% of all calls traded being purchases on the offer. 3,286 contracts have traded on the session so far. Danaher Corporation is...
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ITW Directors Declare Quarterly Dividend
Friday, February 11, 2011 - 2:12pm | 52The board of directors of Illinois Tool Works Inc. (NYSE: ITW) today declared a regular quarterly cash dividend of $0.34 cents per share or $1.36 cents per share on an annual basis. This dividend will be paid on Tuesday, April 12, 2011 to stockholders of record Thursday, March 31, 2011.