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July 1998

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Thursday, July 30, 1998

AGCO Repurchases 3.5 Million Shares of Stock

AGCO Repurchases 3.5 Million Shares of Stock

AGCO Corporation, a major worldwide manufacturer and distributor of agricultural equipment, announced that during June the Company repurchased 1,627,200 shares of AGCO common stock. ... Continue reading

AGM Trading Statement

AGM Trading Statement

At today's AGM of United Kingdom-based SIEBE plc, Lord Marshall, Chairman of Siebe plc said: ... Continue reading

Ameren Corporation and CellNet Data Systems Launch Ameren Abacus

Ameren Corporation and CellNet Data Systems Launch Ameren Abacus

Ameren Corporation and CellNet Data Systems, Inc. unveiled Ameren Abacus(TM) -- an energy information product that provides operations managers with frequent and detailed energy consumption information. ... Continue reading

Arctic Cat Announces First Quarter Results

Arctic Cat Announces First Quarter Results

Arctic Cat Inc. reported results for the first quarter ended June 30, 1998. Net sales were $88,651,000 for the quarter ended June 30, 1998, up from $85,467,000 for the same period last year. ... Continue reading

Auto Data Systems Makes Announcement

Auto Data Systems Makes Announcement

Dave Shook, president of Auto Data Systems, Inc., located in Charlotte, N.C., announced today the 2.6 Version of Easy Deal Software. ... Continue reading

Bayer Rubber Houston Plant to Close at End of July

Bayer Rubber Houston Plant to Close at End of July

Bayer Corporation announced final plans for the consolidation of Baypren(R) polychloroprene production at Bayer's Dormagen, Germany, plant, where significant amounts of Baypren are already being produced. ... Continue reading

Bonded Motors Announces Second Quarter Results

Bonded Motors Announces Second Quarter Results

Aaron Landon, chairman of the board and chief executive officer of Bonded Motors Inc., announced operating results for the second quarter ended June 30, 1998. ... Continue reading

Borg-Warner Automotive Honors Nine Employees

Borg-Warner Automotive Honors Nine Employees

Borg-Warner Automotive, Inc. honored nine employees for their contributions and creativity in the areas of product development, operations excellence and customer excellence. ... Continue reading

Brickyard 400: Gordon Leads the Way in Early Pole Day Practice

Brickyard 400: Gordon Leads the Way in Early Pole Day Practice

Brickyard 400: Gordon Leads the Way in Early Pole Day Practice ... Continue reading

Brickyard 400: Martin Eyes Pole After Posting Fastest Practice Speed

Brickyard 400: Martin Eyes Pole After Posting Fastest Practice Speed

Brickyard 400: Martin Eyes Pole After Posting Fastest Practice Speed ... Continue reading

Brickyard 400: No Bull 5: Mark Martin

Brickyard 400: No Bull 5: Mark Martin

Brickyard 400: No Bull 5: Mark Martin ... Continue reading

Brickyard 400: Photo Feature, Sights from Indianapolis

Brickyard 400: Photo Feature, Sights from Indianapolis

Brickyard 400: Photo Feature, Sights from Indianapolis ... Continue reading

Brickyard 400: Wallace Seeks Revenge at Indianapolis

Brickyard 400: Wallace Seeks Revenge at Indianapolis

Brickyard 400: Wallace Seeks Revenge at Indianapolis ... Continue reading

Bridgestone Corp's Financial Results for the First Half of 1998

Bridgestone Corp's Financial Results for the First Half of 1998

Bridgestone Corporation announced that its non-consolidated -- or parent company only -- net earnings in the first half of 1998 were up 2.4 percent over the same period in 1997, to yen 23.9 billion. ... Continue reading

Bridgestone to Build New Technical Center for Non-Tire Products

Bridgestone to Build New Technical Center for Non-Tire Products

Bridgestone Corporation announced that it will build a technical center for diversified products. ... Continue reading

Budget Group Reports Second Quarter Results

Budget Group Reports Second Quarter Results

Budget Group, Inc. released its Q2 operating results, reporting earnings per share up 65% to 33 cents before non-recurring and extraordinary items related to the recapitalization of the balance sheet in conjunction with Budget Group's acquisition of Ryder TRS. ... Continue reading

Capital Automotive REIT Announces $97.6 Million in Acquisitions

Capital Automotive REIT Announces $97.6 Million in Acquisitions

Capital Automotive REIT announced the signing of definitive agreements or closings for $97.6 million of the previously announced $125 million of letters of intent. Consideration for the acquisitions is substantially all cash. ... Continue reading

Capital Automotive REIT Reports Second Quarter and Six Month Results; Company Declares $0.21 Per Share Dividend

Capital Automotive REIT Reports Second Quarter and Six Month Results; Company Declares $0.21 Per Share Dividend

Capital Automotive REIT announced financial results for the second quarter and six months ended June 30, 1998. ... Continue reading

Century Business Services, Inc., Announces Four Acquisitions

Century Business Services, Inc., Announces Four Acquisitions

Century Business Services, Inc., the nation's fastest emerging outsourced business services company, announced the acquisition of four business services firms, including three accounting, tax and business consulting firms. ... Continue reading

Continental General Tire's GEN*SEAL Technology Provides 1999 Ford Windstar With Safe, Secure Drive

Continental General Tire's GEN*SEAL Technology Provides 1999 Ford Windstar With Safe, Secure Drive

Continental General Tire has announced it will supply its Ameri*GS60 GEN*SEAL tire as an original equipment option for the new 1999 Ford Windstar. ... Continue reading

Daimler-Benz Doubles Operating Profit to DM 3.8 Billion

Daimler-Benz Doubles Operating Profit to DM 3.8 Billion

In the first six months of 1998 Daimler-Benz more than doubled its operating profit to DM 3.8 billion. In the first six months of last year operating profit stood at DM 1.8 billion. ... Continue reading

Daimler-Benz to Build Mercedes-Benz Maybach

Daimler-Benz to Build Mercedes-Benz Maybach

Following a decision by Daimler-Benz AG to develop and produce the Mercedes-Benz Maybach, Mercedes-Benz of North America has announced that it will Offer the super-luxury limousine beginning around 2003. ... Continue reading

DeTECH Corp. Announces Sale of Joint Venture Ownership

DeTECH Corp. Announces Sale of Joint Venture Ownership

DeTECH Corporation of Calgary, Alberta, announced that it has sold its 40% joint venture ownership in the Otay Messa Composite Auto Plant facility in Mexico. ... Continue reading

Energy Research Corporation Forms Joint Venture

Energy Research Corporation Forms Joint Venture

Energy Research Corporation has agreed with Xiamen Three Circles Company, Ltd., to enter into a joint venture in Xiamen to manufacture and sell ERC's advanced nickel-zinc rechargeable batteries in The People's Republic of China and Southeast Asia. ... Continue reading

Excelsior-Henderson Shareholders' Meeting and Biker Bar-B-Que Starts a Big Rumble

Excelsior-Henderson Shareholders' Meeting and Biker Bar-B-Que Starts a Big Rumble

The invitations to Excelsior-Henderson's first annual shareholders' meeting hinted at something big. And the event, held on the Excelsior-Henderson grounds under a football field- sized outdoor tent on 7/25, definitely lived up to its promise. ... Continue reading

Grease Monkey Centers to Honor King Soopers SooperCard

Grease Monkey Centers to Honor King Soopers SooperCard

Grease Monkey International, Inc., announced that it will become an exclusive partner of King Soopers in its extremely successful SooperCard program. ... Continue reading

InPart Selects DesignQA to Certify Quality

InPart Selects DesignQA to Certify Quality

Prescient Technologies, Inc. and InPart jointly announced that InPart has selected DesignQA(TM) to certify the DesignSuite Internet-based library of 3D models. ... Continue reading

July APICS Business Outlook Index - Highlights

July APICS Business Outlook Index - Highlights

The APICS Business Outlook Index was little changed in July, dropping slightly to 49.1 from 51.0. The current component of the index fell to 48.4 from 49.3, while the future component of the index declined to 49.8 from 52.7. ... Continue reading

Lithia Motors Reports Increase in Sales In the Q2 of 1998

Lithia Motors Reports Increase in Sales In the Q2 of 1998

Lithia Motors, Inc. announced that revenues increased 161.3% to $173.5 million in the second quarter of 1998 from $66.4 million in the second quarter of 1997. ... Continue reading

Maxwell Technologies and Siemens Matsushita Join Forces

Maxwell Technologies and Siemens Matsushita Join Forces

Maxwell Technologies Inc. announced that it has entered into a broad-based agreement with Siemens Matsushita Components GmbH. ... Continue reading

Midgets: Can Three Grand Dan Do it Again?

Midgets: Can Three Grand Dan Do it Again?

Midgets: Can Three Grand Dan Do it Again? ... Continue reading

NASCAR-BGN: McLaughlin Fast Facts - IRP

NASCAR-BGN: McLaughlin Fast Facts - IRP

NASCAR-BGN: McLaughlin Fast Facts - IRP ... Continue reading

NASCAR-CTS: Renfrow's Return

NASCAR-CTS: Renfrow's Return

NASCAR-CTS: Renfrow's Return ... Continue reading

NASCAR-CTS: Stacy Compton Credits Martinsville Races For Truck Series Success

NASCAR-CTS: Stacy Compton Credits Martinsville Races For Truck Series Success

NASCAR-CTS: Stacy Compton Credits Martinsville Races For Truck Series Success ... Continue reading

NCTS: Audio Interviews with Lance Norick and Butch Miller

NCTS: Audio Interviews with Lance Norick and Butch Miller

Auto Channel reporter Brian Yesowitch interviews NASCAR Craftsman Truck Series drivers Lance Norick and Butch Miller, prior to the Cummins 200 at Indianapolis Raceway Park. ... Continue reading

NHTSA's New Head Protection Rule Puts New Technology on Fast Track

NHTSA's New Head Protection Rule Puts New Technology on Fast Track

To enable the automobile manufacturing industry to quickly bring new, lifesaving technology to the marketplace, U.S. Trans. Secretary Rodney E. Slater announced a final rule amending the department's landmark head injury protection safety standard. ... Continue reading

Otay Mesa Plant Now in Production of Chassis & Components

Otay Mesa Plant Now in Production of Chassis & Components

BAT International announced that the Otay Mesa, Mexico Auto Plant is completed and has been producing and stockpiling chassis, hoods and a variety of other components for the past two weeks. ... Continue reading

Parker Hannifin Reports Record Sales And Earnings

Parker Hannifin Reports Record Sales And Earnings

Parker Hannifin Corporation reported record sales and earnings for the fiscal year ended June 30. ... Continue reading

Republic Industries, Inc. Reports An 80% Increase In Income

Republic Industries, Inc. Reports An 80% Increase In Income

Republic Industries, Inc. reported that for the three months ended June 30, 1998 income from continuing operations increased 80 percent to $127.4 million, or 27 cents per share, from $70.9 million, or 17 cents per share for the same period in 1997. ... Continue reading

Rick Hendrick's Saturn Dealerships Make `Kids' Kingdom' A Reality

Rick Hendrick's Saturn Dealerships Make `Kids' Kingdom' A Reality

What began with a big contribution from a little supporter will happily end in a new playground for Westerly Hills Elementary School on Denver Avenue. And Rick Hendrick's Saturn of Charlotte and Saturn of South Blvd. are making sure of that. ... Continue reading

S.C. Trucking Association Hosts Truck Stop Cookouts to Thank Drivers

S.C. Trucking Association Hosts Truck Stop Cookouts to Thank Drivers

The fuel isn't free but the food will be at three truck stops around the state where cookouts will be held by leaders of the industry to thank truck drivers for their hard work and safe driving. ... Continue reading

Skinner Looks to Indy with Great Expectations

Skinner Looks to Indy with Great Expectations

Skinner Looks to Indy with Great Expectations ... Continue reading

S&P Rates PA Turnpk Comm Oil Franchise Tax Sr Revs

S&P Rates PA Turnpk Comm Oil Franchise Tax Sr Revs

Standard & Poor's assigned its single-'A'-plus rating to Pennsylvania Turnpike Commission's $305.97 million oil franchise tax senior revenue bonds series 1998A, and its single-'A'-minus rating to the commission's $226.2 million oil franchise tax. ... Continue reading

Superior Industries International Announces Quarterly Cash Dividend

Superior Industries International Announces Quarterly Cash Dividend

Superior Industries International Inc. announced at its regular meeting of the board of directors, held on July 27, 1998, that it has approved a quarterly cash dividend at the rate of 8 cents per share, commencing with the next quarterly dividend, payable on Oct. 23, 1998, to shareholders as of Oct. 9, 1998. ... Continue reading

Superior Industries International Resumes Volume

Superior Industries International Resumes Volume

Superior Industries International Inc. announced that it is resuming volume production and shipments of aluminum road wheels to General Motors for GM's new GMT800 full-size light-truck program. ... Continue reading

Tenneco Automotive's Facility in Contention for Plant Award

Tenneco Automotive's Facility in Contention for Plant Award

Tenneco Automotive announced that its manufacturing facility in Aberdeen, Miss., has been selected one of the top 25 plants in America by IndustryWeek (IW) magazine. ... Continue reading

The Callahan Report: Irvan Wins Second Consecutive Pole at the Brickyard

The Callahan Report: Irvan Wins Second Consecutive Pole at the Brickyard

The Callahan Report: Irvan Wins Second Consecutive Pole at the Brickyard ... Continue reading

TRACK: Martinsville Speedway's New Suites a Community Project

TRACK: Martinsville Speedway's New Suites a Community Project

TRACK: Martinsville Speedway's New Suites a Community Project ... Continue reading

Trident Automotive Lighting Division Awarded QS-9000/ISO-9001 Certification

Trident Automotive Lighting Division Awarded QS-9000/ISO-9001 Certification

Trident Automotive Lighting Division, a subsidiary of Dura Automotive Systems, Inc., has achieved QS-9000/ISO-9001 compliance and has been registered by KPMG Quality Resister and is accredited with ANSI-RAB and the Dutch Council for Certification. ... Continue reading

USAC Silver Crown: Leffler Wins DuPont 100 at IRP

USAC Silver Crown: Leffler Wins DuPont 100 at IRP

USAC Silver Crown: Leffler Wins DuPont 100 at IRP ... Continue reading

WOO: Outlaws Cancel Williams Grove Preliminary

WOO: Outlaws Cancel Williams Grove Preliminary

WOO: Outlaws Cancel Williams Grove Preliminary ... Continue reading

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