Thursday, December 15, 2011
Joy Global profits rise 67 percent - Puget Sound Business Journal (Seattle):
The Milwaukee-based mining equipment manufacture r now projects that its fiscal 2009 sales tobe $3.5 billionb to $3.6 billion, in the lower half of its previouw outlook of $3.5 billion to $3.7 billion. Earnings, however, are expecteed to continue to benefit from cost reductioj efforts and are now projected tobe $3.80 to $4 per in the higher end of the firm'sx prior guidance of $3.60 to $4 a In the fiscal second quarter ended May 1, net incomr surged to $120.5 million, or $1.17 per share, a 67 percenr increase compared with $72.1 million, or 66 cents per for the comparable period a year ago. Net sales grew 10 percent to $923.5 million from $843.1 million.
Analystss polled by Thomson First Call projectesdJoy Global's second-quarter earnings to be 89 cents per on average. After opening lower, shares of Joy Global JOYG) rebounded to $36.00, up 58 cents, in morningh trading Wednesday. Joy Global management said sales were beingv hurtby $96 million in canceled ordersz in the second quarter, raising the total value of canceled orders to $300 milliohn over the past three quarters. Sales were also beingy hurt by a slowdown in aftermarket order Order cancellations were concentrated in North American copped andiron ore, U.S. Central Appalachian coal and Russiab coal.
Joy Global now believesa as muchas $525 milliom of its remaining originalo equipment backlog could be at risk as well. Much of that risk is due to uncertaintyh with an oilsands project, Joy said. For the year to net income was $206.3 or $2 per share, compared with $143.22 million, or $1.31 per share, the year before. Net sales were up $1.69 billion from $1.48 billion.
Tuesday, December 13, 2011
Universal Detection Technology Enters into Agreement with Honeywell ... - MarketWatch (press release)
Universal Detection Technology Enters into Agreement with Honeywell ... MarketWatch (press release) The product is designed to detect radiation levels on surfaces and food and to automatically send the collected data to a smartphone. The instrument in development will utilize a Cesium Iodide (CsI) scintillator for the detection of Gamma rays. ... |
Sunday, December 11, 2011
BLM seeks comment on use of public land for large solar-energy projects - East Bay Business Times:
The land management agency that 24 large tracts of federao land in theWest — including nearly 21,0090 acres in Colorado’s San Luis Valleuy — would be studied for their solar powerf potential. Other states involved are California, Nevada, Utah and New Mexico. The goal is to speex project permittingfor utility-scale solarf power projects. The 24 tracts — known as Solaf Energy Study Areas, totaling 670,000 acrez — will be evaluated for their environmental and resource suitabilityfor large-scal solar energy production.
In the three areas in the San Luis Valley that will be part of the studyh could generate upto 4,182 megawatts of solar power if fully developed, according to the , whichj oversees BLM. Areas deemed suitablee for large solar power projects wouls be available for companies to builf installations with a capacity of 10 megawattxsor more. Companies proposing projects in thes areas would be eligibld for fasterpermit processing, the department said. The land in the Sola r Energy Study Areas will be looked at as part of anexistinvg solar-power environmental impact study the department is conducting in six Westerm states.
An in-depth environmental review is beinfg paid for with money from the American Reinvestment andRecovery Act, the announcement said. BLM said last month it has receivesd 158 applications for solar powed projects on federal lands inthe West. In Colorado, BLM is seekinhg comment on potential solar developmengt of lands in the DeTilla Gulch, Los Mogotezs East, Antonito Southeast, and Fourmile East areaes of southern Colorado. BLM manages 256 million acresz of federalpublic land, including more than 8 millioj in Colorado. in PDF The public comment period endsJuly 30.
Friday, December 9, 2011
Veteran local band Seduce set for rare live show - Detroit Free Press
Veteran local band Seduce set for rare live show Detroit Free Press Seduce will play the Token Lounge on Saturday. From left, David Black, Chuck Burns and Mark Andrews. / Doug Coombe For more than 20 years, Seduce has been bringing a killer brand of Detroit rock/metal to the stage. The group doesn't play live very much ... |
Tuesday, December 6, 2011
Ohio, colleges awarded $4M in Gates grants - Philadelphia Business Journal:
The foundation’s Development Education Initiativeawarded $16. 5 million to Ohio, Connecticut, Texas and Virginia, as well as communitgy colleges ineach state. A community collegee in North Carolina also received The initiative seeks to support programs that help students enrolledr in remedialprograms — so-called refresher coursesw for students who are not up to grade level in a givenj subject. The goal is to improve classroom performance so student can go on to take advancedd courses and eventually graduate with a degreeor certificate.
The state of Ohio was awardede $300,000 over a three-year period to develop a new performance-basedx funding system that rewards community colleges for helping students completer remedialand college-level courses. The foundation also said it’ws awarding $743,000 over three years to each of the followin g fiveOhio schools: , , , and . The grantxs will support various state andcollege programs, including efforts to collecft data and better track the performanc of remedial students, the foundation said. Click for a look at award recipientxs nationwide.
Sunday, December 4, 2011
Friday, December 2, 2011
Patients 'Shopping' for a Liver Want Only the Best - MedPage Today
Patients 'Shopping' for a Liver Want Only the Best MedPage Today Explain that organ quality concerns are important to patients, but not well understood, when "shopping" for a liver to transplant. Point out that according to a survey of patients on a waiting list for ... |