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Business News Archive - July 08, 2011

PEORIA, Ill. and OAK CREEK, Wis., July 8, 2011 /PRNewswire/ -- Caterpillar Inc. (NYSE: CAT) and Bucyrus International, Inc.

OSAKA, Japan, July 8, 2011 /PRNewswire/ -- Daiwa House Industry will exhibit at Little Tokyo Design Week 2011, to be held in the Little Tokyo district of Los Angeles, California, from July 13 to July 17, 2011. (Photo: http://www.newscom.com/cgi-bin/prnh/20110706/MM30690 )(Photo: http://photos.prnewswire.com/prnh/20110706/MM30690 ) Over the nine-year period from 1976 to 1984, Daiwa House Industry sold single-family houses through four local subsidiaries in California and Texas.

TROY, Mich., July 8, 2011 /PRNewswire/ -- Inteva Products President and CEO Lon Offenbacher presented the Sully-sur-Loire, France operations team with the President's Platinum Award of Excellence for Community Commitment, the highest annual honor Inteva can bestow upon an employee.

SCOTTSDALE, Ariz., July 8, 2011 /PRNewswire/ -- American Traffic Solutions continued to set the pace for the road safety camera industry with a robust second quarter that saw 28 communities sign contracts/notices to proceed for 274 Red-Light and Speed-Compliance Safety Cameras, a sharp increase from the 29 contracts/notices to proceed for 170 cameras in the first quarter.

LAKE OSWEGO, Ore., July 8, 2011 /PRNewswire/ -- The Greenbrier Companies (NYSE: GBX) today reported results for its fiscal third quarter ended May 31, 2011. Third Quarter Highlights Financial Highlights: Revenues for the third quarter of 2011 were $317 million, up from $207 million in the prior year's third quarter.Adjusted EBITDA for the quarter was $25.7 million, or 8.1% of revenues, compared to $25.9 million, or 12.5% of revenues in the third quarter of 2010.Net loss for the quarter was $3.3 million or $0.14 per diluted share, compared to net earnings of $4.6 million, or $0.23 per diluted share, in the prior year's third quarter.(1)Excluding a one-time charge of $10.0 million pre-tax, $6.0 million after-tax, for costs associated with the retirement of $235 million of senior unsecured notes during the quarter, net earnings were $2.7 million, or $0.10 per share.

HOUSTON, July 8, 2011 /PRNewswire/ -- Hyperdynamics Corp. (NYSE Amex: HDY) announced today that it will transfer the listing of its common stock to the New York Stock Exchange (NYSE) from the NYSE Amex.

LONDON, July 8, 2011 /PRNewswire/ -- - Guildford Station gets first Brompton bike dock in the country - Environmentally-friendly design uses solar panels and latest smart card technology South West Trains has launched the UK's first 'self-service' Brompton Bicycle rental scheme with the introduction of an innovative bike dock at Guildford Station today (Thursday 7th July). The environmentally-friendly solar-powered Brompton bike dock marks the latest stage of a long-running partnership between South West Trains and folding bike manufacturer, Brompton Bicycle. South West Trains initially joined forces with Brompton Bicycle in a bid to encourage passengers to cycle as part of a fully integrated low carbon journey combining bike and train.

LUDINGTON, Mich., July 8, 2011 /PRNewswire/ -- Consumers Energy, Michigan's largest renewable energy provider, received approval on July 7 from the Mason County Planning Commission of the utility's special land use permit application for its first wind park - the 100 megawatt (MW) Lake Winds Energy Park.

TROY, Mich., July 8, 2011 /PRNewswire/ -- Inteva Products President and CEO Lon Offenbacher presented the Oshawa, Canada launch team with the President's Platinum Award of Excellence, the highest annual honor Inteva can bestow upon an employee.

NEW YORK, CHICAGO, SAN FRANCISCO and TRONDHEIM, Norway, July 8, 2011 /PRNewswire/ -- Paine & Partners, LLC ("Paine & Partners"), a global private equity investment firm, today announced that it has entered into a definitive agreement to acquire Scanbio Marine Group ("Scanbio"), a leading producer of fish protein concentrate, fish meal and fish oil from fresh and ensiled fish by-products from Scanbio AS, which is owned by Rolf Eide, Per Arne Eide, Nordic secondary direct fund Verdane Capital IV ("Verdane Capital Advisors") and certain other shareholders. The transaction is expected to close in the third quarter of 2011.

Word of the Day
callithump
  • A somewhat riotous parade, accompanied with the blowing of tin horns, and other discordant noises; also, a burlesque serenade; a charivari.
'Callithump' is a back-formation of 'callithumpian,' a 'fanciful formation' according to the Oxford English Dictionary. However, the English Dialect Dictionary, says 'Gallithumpians' is a Dorset and Devon word from the 1790s that refers to 'a society of radical social reformers' or 'noisy disturbers of elections and meetings.'
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