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Latest Beloit, Wisconsin Stories

2011-08-17 16:33:00

MILWAUKEE, Aug. 17, 2011 /PRNewswire-FirstCall/ -- A. O. Smith Corporation (NYSE: AOS) and Regal Beloit Corporation (NYSE: RBC) have reached a final agreement with the Antitrust Division of the U.S. Department of Justice in connection with the government's approval of A. O. Smith's sale of its electric motor business to Regal Beloit. Subject to receipt of final court approval, the Company anticipates closing the transaction on or about Aug. 22. "This is a critical step in completing the...

2011-08-05 16:00:00

BELOIT, Wis., Aug. 5, 2011 /PRNewswire/ -- Regal Beloit Corporation (NYSE: RBC) will be presenting at the Jefferies 2011 Global Industrial and A&D Conference in New York, on August 10, 2011 at 2:30pm ET. The presentation will be web-cast and can be accessed at:http://wsw.com/webcast/jeff57/rbc. An archive of the audio web-cast will be available for 90 days following the presentation at the link referenced above or on the Company's investor relations home page at:...

2011-08-04 17:14:00

BELOIT, Wis., Aug. 4, 2011 /PRNewswire/ -- Regal Beloit Corporation (NYSE: RBC) today reported financial results for the second quarter ended July 2, 2011. Net sales of $681.8 million increased 16.7% compared to $584.2 million for the second quarter of 2010. Diluted earnings per share were $0.88 compared to $1.07 for the second quarter of 2010. The decrease was primarily driven by the previously announced incremental warranty expense of $28.0 million (or $0.44 diluted earnings per...

2011-08-02 17:27:00

BELOIT, Wis., Aug. 2, 2011 /PRNewswire/ -- Regal Beloit Corporation (NYSE:RBC) announced today that it has detected a production flaw in certain standard motors produced in one of its facilities during a limited period in 2011. This abnormality, which has been corrected, could lead to early bearing failure in certain motors and does not present a safety concern. These motors are used in outdoor condensing units for air conditioners and heat pumps. The Company believes that approximately...

2011-07-29 16:06:00

BELOIT, Wis., July 29, 2011 /PRNewswire/ -- Mark J. Gliebe, President and Chief Executive Officer of Regal Beloit Corporation (NYSE: RBC), announced that the Board of Directors, at the regular quarterly meeting held on July 29, 2011, declared a dividend of $0.18 per share payable on October 14, 2011, to shareholders of record at the close of business on September 30, 2011. The dividend represents the 205th consecutive dividend declared by the Company. Regal Beloit Corporation is a...

2011-07-25 16:38:00

BELOIT, Wis., July 25, 2011 /PRNewswire/ -- Regal Beloit Corporation (NYSE: RBC) announced today that it plans to release its second quarter 2011 financial results after the market closes on Thursday, August 4, 2011. At 9:00 AM CDT (10:00 AM EDT) on Friday, August 5, 2011, the Company will hold a conference call to discuss the earnings release. To listen to the call and view the presentation slides via the internet, please go to http://www.regalbeloit.com/ or at:...

2011-07-18 15:16:00

BELOIT, Wis., July 18, 2011 /PRNewswire/ -- Fairbanks Morse Engine, an EnPro Industries (NYSE: NPO) company, is pleased to announce that Paul Roden has joined the company as Vice President, Washington Operations. In this new role he will represent the company in discussions with Congress and with shipyards, as well as customers in the Departments of Defense and Homeland Security. (Logo: http://photos.prnewswire.com/prnh/20110718/CL37113LOGO ) Mr. Roden joins Fairbanks Morse Engine from...

2011-07-14 16:00:00

BELOIT, Wis., July 14, 2011 /PRNewswire/ -- Regal Beloit Corporation (NYSE: RBC) today announced it has issued $423 million in senior unsecured notes in a private placement, and anticipates issuing an additional $77 million in senior unsecured notes in the near term. The notes, which will be issued in a total of seven tranches, have maturities from seven to twelve years and carry fixed interest rates between 4.09% to 5.09%. The proceeds from the issuance of the notes will be available to...

2011-06-30 16:42:00

BELOIT, Wis., June 30, 2011 /PRNewswire/ -- Regal Beloit Corporation (NYSE: RBC) today announced that it has entered into a new $500 million five-year unsecured revolving credit facility, which replaced its existing $500 million unsecured revolving credit facility that was set to expire in April 2012. The new facility will be used for general corporate purposes. Terms and conditions of the credit facility will be described in the company's filings with the Securities and Exchange...

2011-06-26 17:19:00

BELOIT, Wis., June 26, 2011 /PRNewswire/ -- MARATHON ELECTRIC announced the debut of its new Ultra-Efficient(TM) permanent magnet motor line, SyMAX(TM) at the Electrical Apparatus Service Association (EASA) Convention in Denver, Colorado. The SyMAX(TM) motor uses an innovative permanent magnet design that makes it inherently more efficient than a traditional induction motor. "The innovation and science behind SyMAX(TM) represent a significant move toward the next generation of motor...


Word of the Day
mallemaroking
  • Nautical, the visiting and carousing of sailors in the Greenland ships.
This word is apparently from a confusion of two similar Dutch words: 'mallemerok,' a foolish woman, and 'mallemok,' a name for some persons among the crew of a whaling vessel.