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Oct. 16 (Bloomberg) -- Oshkosh Truck Corp., maker of military vehicles used to carry cargo in Iraq, agreed to buy construction- equipment maker JLG Industries Inc. for about $3 billion to lessen the company's dependence on defense spending. JLG investors will receive $28 a share in cash, Oshkosh said today in a statement distributed by Business Wire. That would be 35 percent more than JLG's closing price on Oct. 13. Oshkosh also will assume some debt. The deal steps up Chief Executive Officer Robert Bohn's expansion into markets such as commercial construction gear. JLG sells mobile work platforms and booms. Oshkosh made more than a dozen acquisitions in the past 10 years to break into new markets and in July agreed to buy Iowa Mold Tooling Co. to get vehicles used to perform mechanical repairs on construction sites.
MOSCOW, October 13 (Itar-Tass) - Vladimir Putin convened a visiting session of the presidium of the State Council in Yaroslavl, to discuss ways of developing the network of roads in the country. "To brush up on the theme ahead of the meeting, Putin visited the construction site of a new 700-meter long bridge across the Volga, and an exhibition of road construction equipment.
Putin has called for spending extra budget revenues on financing infrastructures. There have been incessant arguments where the snowballing reserves should be put to use. It is beyond doubt, if the resources are to be spent somehow, they must be spent on infrastructures roads, ports, airports and communication links, Putin said at a meeting of the State Councils presidium. I would place the roads before anything else.
World population crossed the six billion mark in June 1999, according to the US Census Bureau. This means that the earth's population is over 3.5 times the size it was at the beginning of the 20th century, and roughly twice its size in 1960. This explosive growth has created an unprecedented demand for energy, leading to further exploitation of the planet's already limited natural resources. The surge in energy demand can only be met through the adoption of sustainable production practices and a drive to achieve higher levels of efficiency [References 1, 2]. To achieve greater efficiencies in power generation processes, the ABB AW600 is providing advanced monitoring of the chemical composition of the steam-water cycle. Recognizing the need to conserve resources, ABB is committed to the development of energy efficient products and processes that yield a reduced environmental impact over their complete life cycles.
So are the dreams. Big equipment could be built here. We could have another vibrant industry. We could rake in the money.
It's the heyday of Nova Scotia's offshore industry, and billions of dollars are being spent around the province.
At Dominion Diving, about 40 people work at a hectic pace on the Sable Island Offshore Energy Project, the darling of the offshore industry. The atmosphere at the Dartmouth business is very intense.
Doing major underwater diving construction work, Dominion thrives ...
The hype didn't last.
"Wow, that seems like such a long time ago," says Dominion's John Scott.
Expensive exploration wells were drilled, but the promised treasures were never found. Hope fizzled.
That is, until recently.
A few weeks ago, sunlight beat down on the ocean. A drop of water went through a phase transition, rising into the air where it joined millions of others. Winds carried the clouds to Virginia. The gray mountains in the sky disgorged their burden. The drop splashed down on Blacksburg. It soaked into the ground, following subterranean paths until it burst free from the darkness in a spring behind nondescript, multi-unit housing along Giles Road -- the headwaters of Stroubles Creek. It did not like what it found as it babbled with its brethren toward the Virginia Tech Duck Pond. The other drops, the ones that had fallen on yards and pavement and stayed above the filtering ground, had carried dust and dirt into the creek. Living things coughed in the heavy water.
CLEVELAND--(BUSINESS WIRE)--Diversified industrial manufacturer Eaton Corporation (NYSE:ETN) today announced net income per share of $1.62 for the third quarter of 2006, an increase of 25 percent over net income per share of $1.30 in the third quarter of 2005. Sales in the quarter were $3.12 billion, 13 percent above the same period in 2005. Net income was $248 million compared to $199 million in 2005, an increase of 25 percent. Net income in both periods included charges related to the integration of acquisitions. Before these acquisition integration charges, operating earnings per share in the third quarter of 2006 were $1.65 versus $1.33 per share in 2005, an increase of 24 percent. Alexander M. Cutler, Eaton chairman and chief executive officer, said, "Results in the third quarter were strong, with operating earnings per share coming in at the very top of our guidance.
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