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Caterpillar Inc. (NYSE: CAT) announced today several officer moves including changes in responsibilities for three Executive Office members, new roles for two current vice presidents and the appointment of two new vice presidents. All changes are effective March 1. “These organizational changes will facilitate the acceleration of our strategy for continued profitable growth,” said Caterpillar… Read More
Photo By Richard Reihsmann | Dr. Jane McKee Smith, a senior scientist in the Coastal and Hydraulics Laboratory, is an elected member of the National Academy of Engineering VICKSBURG, Miss. — Dr. Jane McKee Smith, a senior research scientist with the Coastal and Hydraulics Laboratory at the U.S. Army Engineer Research and Development Center, has… Read More
Image of Ramin Younessi Caterpillar’s Ramin Younessi is to take over as head of the group’s Construction Industries segment, having been group president of Energy & Transportation. He replaces Tom Pellette, who has elected to return to San Diego, California, for family reasons. Pellette will serve as president of Solar Turbines, a wholly-owned subsidiary of… Read More
Photo by Rod Prado, Hello Woodlands AUSTIN, TX – On February 20, Lt. Governor Dan Patrick announced the reactivation of the Senate Select Committee on Texas Ports, under the chairmanship of Senator Brandon Creighton (R-Conroe). Following the 84th Regular Session, then Chairman Creighton was selected to lead this very same committee to discuss the economic… Read More
US-headquartered SPX Corporation has announced that it has completed the acquisition of the Sabik Marine and obstruction lighting business of Carmanah Technologies Corporation. The results of the purchased business will be reported with SPX’s Communication Technologies businesses within its Detection & Measurement segment. “We are excited to welcome the Sabik team to SPX,” said Gene… Read More
The Association of Equipment Manufacturers (AEM) officially kicked off its year-long 125th anniversary celebration. AEM is a North American-based international trade group representing off-road equipment manufacturers and suppliers. Its member companies manufacture and market a wide variety of equipment, from large earth movers and agricultural equipment to smaller hand-held, portable and walk-behind machinery. In 1894,… Read More
Full year net income from continuing operations $11.0 million Full year Adjusted EBITDA from continuing operations, excluding restructuring $109.8 million Net debt reduction of $115 million for the full year Backlog of over $707 million as of year-end 2018, up nearly $200 million from the prior year Expects to divest Environmental and Infrastructure business in… Read More
BSI is pleased to announce the acquisition of Hundested Propeller A/S, world-leading supplier of Controllable Pitch Propellers, Controllable Pitch Gearboxes, Tunnel and Retractable Swing Thrusters for the Maritime Industry Worldwide. Hundested Propeller focus on high quality products based upon superior design and customer service. It is a natural fit to BSI`s existing portfolio and we… Read More
Virtu Financial LLC purchased a new position in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 34,553 shares of the construction company’s stock, valued at approximately $229,000. Virtu Financial LLC owned 0.06% of Great Lakes Dredge… Read More
Bank of New York Mellon Corp boosted its stake in Great Lakes Dredge & Dock Co. (NASDAQ:GLDD) by 4.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 662,831 shares of the construction company’s stock after purchasing an additional 30,425 shares during the period. Bank of New York… Read More
Shutterstock photo Great Lakes Dredge & Dock Corporation GLDD is expected to come up with higher earnings when i t report s fourth-quarter 2018 numbers. However, it doesn’t possess the right combination of the two key ingredients for a likely earnings beat in the to-be-reported quarter. This largest provider of dredging services in the United… Read More
Investors sentiment increased to 2.41 in Q3 2018. Its up 0.76, from 1.65 in 2018Q2. It is positive, as 5 investors sold Orion Group Holdings, Inc. shares while 22 reduced holdings. 21 funds opened positions while 44 raised stakes. 22.23 million shares or 8.19% more from 20.54 million shares in 2018Q2 were reported. State Of… Read More
Revenue growth and strong cash flow Operational Strong performance key markets North America, the UK, Continental Europe, and Australia Firm measures taken to turn around lagging performance in the Middle East and Asia Non-core clean energy assets Brazil: Preparation for divestment of all assets initiated Financial Significantly improved balance sheet Net working capital improved to… Read More
Transportation and government relations expert Jennifer Cohen has been appointed by the Port of Los Angeles as its new Director of Policy and Legislative Affairs. Cohen most recently served as the Director of Government Affairs for the Los Angeles Department of Transportation (LADOT). In her new position, Cohen will direct the Port’s legislative team and… Read More
The National Stone, Sand & Gravel Association (NSSGA) awarded its annual Barry K. Wendt Commitment Award to Bill Wetta, senior vice president of product development and chief technology officer at DSC Dredge. Wetta was named the award winner Monday at the NSSGA Annual Convention in Indianapolis. NSSGA established the Wendt award more than two decades… Read More