AAA Applauds Delta's Decision To Rescind Surcharge
AAA said that it applauds Delta Airlines' decision to rescind a surcharge it imposed earlier this month on tickets not purchased on Delta's Web site. ... Continue reading
Action Performance Reports Record Sales and Earnings
Action Performance Companies, Inc., announced record sales and earnings for its fiscal 1999 first quarter ended December 31, 1998. ... Continue reading
Aeroquip-Vickers To Change Its Segment Reporting
Aeroquip-Vickers, Inc. announced that it is changing its segment reporting effective with the release of its fourth- quarter and full-year 1998 results on January 28, 1999. ... Continue reading
AMETEK Reports 1998 Full-Year and Fourth Quarter Results
AMETEK, Inc. announced that for 1998 it achieved record sales of $927.5 million, up 9% from $847.8 million in 1997, and record operating income of $104.5 million, up 14% from $92.0 million in 1997. ... Continue reading
APCO Announces Availability Of Web-Enabled Software
Automobile Protection Corporation announced that Service Advisor Plus(R) by EasyCare(R) has been released for sale to automobile dealers. ... Continue reading
Aura Responds to News Report of SEC Investigation
Aura Systems Inc. said that the U.S. Securities and Exchange Commission (SEC) has advised the company that the SEC's current inquiry should not be construed as an indication that any violation of law has occurred. ... Continue reading
Avis Rent A Car, Inc. Agrees to Buy Richmond's Rent-A-Car Company, Inc.
Avis Rent A Car, Inc. announced it has signed a definitive agreement to purchase Rent-A-Car Company, Inc. of Richmond, VA. ... Continue reading
Avis Rent A Car, Inc. Announces Record Earning
Avis Rent A Car, Inc. announced record operating results for the 1998 fourth quarter and full year; and anticipates continued growth. ... Continue reading
Barnes Group Inc. Announces Management Changes
Edmund M. Carpenter, president and CEO of Barnes Group Inc. announced the appointment of Leonard M. Carlucci, President of Associated Spring, a wholly-owned business unit of Barnes Group Inc ... Continue reading
Bonded Motors Announces Management Changes
Aaron Landon, chairman of the board and chief executive officer of Bonded Motors Inc. announced the resignation of Richard Funk as president of the company, effective Jan. 31. ... Continue reading
Borg-Warner Automotive, Inc. announced that the waiting period under the Hart-Scott-Rodino Act for its acquisition of Kuhlman Corporation expired at midnight on January 22, 1999. The acquisition is subject to antitrust review in other countries. ... Continue reading
Control Devices, Inc. Announces Record Fourth Quarter Results
Control Devices, Inc. reported net income for the fourth quarter 1998 increased 30% to $1.9 million or $0.22 per share (diluted), compared to $1.5 million or $0.17 per share (diluted) for 1997. ... Continue reading
Cooper Industries Reports Increased Revenue, Earnings for 1998
Cooper Industries, Inc. announced the company's results for the fourth quarter and full year, with revenues, earnings and earnings per share increases in line with earlier expectations. ... Continue reading
Cooper Tire to Report Higher-Than-Expected Fourth Quarter Earnings
Cooper Tire & Rubber Co said it expects to report record results for the fourth quarter of 1998. ... Continue reading
Cytec Announces $100 Million Stock Repurchase Program
Cytec Industries Inc. announced a program to spend up to $100 million to repurchase shares of the Company's outstanding common stock. ... Continue reading
Cytec Industries Inc. announced the acquisition of Nottingham Co.'s specialty chemical industrial minerals product line. This business had annual revenues of approximately $4 million in 1998. ... Continue reading
Dana Corporation Fourth-Quarter Operating Income Jumps 26%
Dana Corporation announced that operating income for the fourth quarter of 1998 jumped 26 percent to $149 million, and earnings per share rose 25 percent to 89 cents on a diluted basis, compared with the same period in 1997. ... Continue reading
Dura Announces Offer to Acquire Adwest Automotive
Dura Automotive Systems, Inc. announced an offer to acquire all of the outstanding shares of Adwest Automotive plc, a manufacturer of driver control mechanisms and engine control products based in the United Kingdom. ... Continue reading
Federal-Mogul Announces Proposal to LucasVarity plc
Federal-Mogul Corporation announced that Dick Snell, chairman and chief executive officer, has met with Ed Wallis, chairman of LucasVarity, and Victor Rice, chief executive of LucasVarity. ... Continue reading
FORTUNE Picks Top Ten Vehicles for the New Millennium
The Chrysler PT Cruiser heads FORTUNE's list of the top ten vehicles for the new millennium, followed by the Ford Thunderbird, Mercedes S- Class, BMW X5 and the Jaguar S-Type. ... Continue reading
Fuel Cell Vehicles Brew Coffee, Not Pollution
Fuel cells, electrochemical devices that convert energy directly into electricity without combustion, produce electricity, heat and water, but no pollution. ... Continue reading
Gibraltar Reports Record Sales And Earnings In 1998
Gibraltar Steel Corporation reported record sales and earnings for the quarter and year ended December 31, 1998. ... Continue reading
Goodyear Run-Flat Tires Run Flat-Out on BMW 540i 'Protection'
Prestige German automaker BMW has become the third auto manufacturer worldwide to approve Goodyear EMT run-flat tires as original equipment on the BMW 540i "Protection" to be introduced later this year. ... Continue reading
Group 1 Automotive to Acquire Dealerships in Texas, Oklahoma and Georgia
Group 1 Automotive, Inc., a leading operator and consolidator in the automotive retailing industry, announced that it has agreed to acquire dealerships with aggregate revenues of $445 million. ... Continue reading
Hilite Industries, Inc. Announces Earnings Growth of 24% for the Q2
Hilite Industries, Inc. reported strong sales and earnings for the second fiscal quarter of 1999. Sales for the quarter ended Dec 31, 1998 were $21,267,000, an increase of $641,000 or 3% over sales of $20,626,000 for the fiscal quarter 2 of 1998. ... Continue reading
Homeowners & Renters Insurance Quotes Now Available On Internet
Quotes for homeowners, renters, and boat/JET SKI(R)/Sea-Doo(R) (1) insurance through the Automobile Club of Southern California can now be obtained without leaving home. ... Continue reading
HSB Group, Inc. Reports Gains in Fourth Quarter
HSB Group, Inc. reported that the fourth quarter income per share on a diluted basis from continuing operations, exclusive of post-closing adjustments related to the Industrial Risk Insurers sale, was $.67, compared to $.64 in the 4Q of 1997. ... Continue reading
Insilco Acquires Precision Metal Parts Business
Insilco Holding Co. announced that it has acquired Eyelets For Industry, Inc., a manufacturer of precision formed, stamped and drawn metal parts which serves a variety of markets, including electrical/electronic and automotive markets. ... Continue reading
International Speedway Corp Reports Record 4Q and Year-end Results
International Speedway Corporation reported record results for the fourth quarter and year ended November 30, 1998. ... Continue reading
Liteglow Industries Announces Great Start for 1999
Liteglow Industries Inc. announced that its sales for January are over $209,000 so far, as compared to $62,000 for the entire month of January in 1998. ... Continue reading
LucasVarity in Advanced Discussions with Third Party
The Board of LucasVarity plc announced that it is in advanced discussions with a third party concerning a full cash offer for the entire share capital of LucasVarity. ... Continue reading
Michigan Rivet Corporation Announces Results of Operations
Michigan Rivet Corporation announced its results of operations for the fourth quarter and year ended October 31, 1998. ... Continue reading
Motorola Sector Re-Positioned for Leadership in Electronics Market
Motorola, Inc. announced that the Automotive, Component, Computer and Energy Sector (ACCES) is realigning its overall strategy and organization to take advantage of increasing opportunities in the embedded electronic solutions market. ... Continue reading
Northeast Ohio RV Dealer Open, Optimistic
After 28 years of owning a recreation vehicle dealership in the same location, the Pastore family thought they had seen both stormy and sunny skies at Hartville RV Center. ... Continue reading
Onyx Acceptance Corporation Announces 4Q Operating Results
Onyx Acceptance Corporation announced net income of $2.5 million, or $.39 per diluted share, for its fourth quarter ended December 31, 1998, versus a restated loss of ($268,011), or ($.04) per share, for the quarter ended December 31, 1997. ... Continue reading
Pep Boys Announces Preliminary Results of Self-Tender Offer
The Pep Boys - Manny, Moe & Jack announced the preliminary results of its "Dutch Auction" issuer tender offer, which expired at 12:00 Midnight, New York City time, on January 25, 1999. ... Continue reading
Porsche 911 Honored by Robb Report and American Woman Motorscene
Robb Report and American Woman Motorscene February issues pay tribute to the Porsche 911 with their magazines' respective, annual automotive awards. ... Continue reading
Porsche Cars North America Appoints Martin Peters
Porsche Cars North America, Inc., this month appointed Martin Peters to the post of Media Relations Manager. ... Continue reading
Precision Auto Care Secures $5 Million Bridge Loan
Precision Auto Care, Inc. announced that it has received a $5,000,000 bridge loan from a member of its Board of Directors to help restructure its debt, according to Charles L. Dunlap, President and CEO. ... Continue reading
Retail Lexus Sales On Rise In Atlanta
Aided by the strong debut of the all-new Lexus RX 300 sport utility vehicle and July's opening of Hennessy Lexus of Gwinnett, Atlanta-area Lexus dealers today reported a 73- percent climb in 1998 retail sales over 1997. ... Continue reading
Retail Lexus Sales On Rise In South Florida
Aided by the strong debut of the all-new Lexus RX 300 sport utility vehicle and December's opening of Lexus of Pembroke Pines, South Florida-area Lexus dealers reported a 52-percent climb in 1998 retail sales over 1997. ... Continue reading
Reynolds and Reynolds' Automotive Sales Force Recognized as ``World Class''
The automotive sales force of The Reynolds and Reynolds Company showed why it has achieved market share and customer satisfaction leadership. ... Continue reading
Scala Named "Rising Star" Among ERP Vendors
Scala Business Solutions has been picked as a "rising star" in the Enterprise Resource Planning solutions arena by AMR Research, Inc. ... Continue reading
Sigma and SAP R/3 Selected as the Enterprise Solution for Performance Friction
Sigma, the southeast regional SAP Certified Business Solution provider, announced that Performance Friction Corporation has selected SAP R/3(TM) as its business application infrastructure. ... Continue reading
Spartan Motors Names New Investor Relations Firm
Custom chassis maker Spartan Motors, Inc. announced it has named Grand Rapids, Mich.-based Lambert, Edwards & Associates, Inc. as its investor relations counsel. ... Continue reading
Speedway Bonds Sold; Construction Underway
The Unified Government of Wyandotte County/Kansas City, Kansas is pleased to announce that the financing for the Kansas International Speedway was completed with the long-awaited sale of bonds in the New York marketplace. ... Continue reading
Standard Products Reports Fiscal 1999 Second Quarter Results
The Standard Products Co. announced results for its second quarter of fiscal 1999, ended December 31, 1998. Net income for the quarter was $4.9 million, or $0.30 diluted earnings per share of common stock, on sales of $276.2 million. ... Continue reading
Strength in Auto Industry Drives SDRC Revenue
SDRC announced that expanding automotive industry standardization on SDRC's market-leading Metaphase(R) Enterprise (TM) software has helped dramatically accelerate its product data management revenue growth. ... Continue reading
Teleflex Reports Strong Third Quarter Results
Teleflex Incorporated reported revenues in the third quarter ended September 27, 1998 increased 22% to $343.0 million compared to $281.8 million for the year-ago quarter. ... Continue reading
Tenneco Reports Fourth Quarter and Full Year 1998 Results
Tenneco reported 1998 net income of $319 million, or $1.89 per share, on annual revenue of $7.6 billion, compared to $361 million, or $2.11 per share, on revenue of $7.2 billion in 1997. ... Continue reading
Tenneco Sells Containerboard Business to Madison Dearborn Partners
Tenneco announced it has reached a definitive agreement to sell its containerboard business to Madison Dearborn Partners for $2.2b as the first step in its strategic restructuring and the repositioning of its automotive and packaging businesses. ... Continue reading
Textron Achieves 23% Increase in Fourth-Quarter EPS
Textron Inc. announced a 23% increase in fourth-quarter diluted earnings per share from continuing operations and double-digit growth in revenues and income, marking the company's 37th consecutive quarter of year-to-year income improvement. ... Continue reading
The Timken Company Launches Worldwide Centennial Commemoration
The Timken Company launched its 100th anniversary commemoration last week, kicking off a year-long series of events in which more than 21,000 associates in 25 countries on six continents will participate. ... Continue reading
Utah Clay Technology Inc. Makes Announcement
Utah Clay Technology Inc., an investment banking firm was hired according to Dennis S. Engh, its president to advise the company on their financing of a new processing plant in southern Utah. ... Continue reading
Whitman Announces 1998 Results
Whitman Corporation set records for sales, operating cash flow, and income from continuing operations for the fourth quarter and full fiscal year of 1998. ... Continue reading
William F. Christopher Named Alcoa Vice President
Alcoa announced that William F. Christopher, 44, has been elected a vice president of the company. He is also President of Alcoa Forged Products, one of Alcoa's business units, located in Cleveland, Ohio. ... Continue reading
Williams Controls Awarded Electronic Throttle Control Business
Williams Controls, Inc. announced that its subsidiary, Williams Controls Industries, has been awarded the contract to supply electronic throttle controls to the Peterbilt Division of PACCAR, Inc. ... Continue reading
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