Month: August 2011

Arrow Electronics, Inc. ( ARW ) recently announced that the company has entered into a $1.2 billion five-year credit agreement. The new revolving credit facility expires on August 19, 2016 […]

Chrysler Group LLC, 53.5% owned by Italy’s Fiat SpA ( FIATY ), plans to invest $72 million for modernizing its Toledo Machining Plant near Perrysburg in Ohio. The company intends to install new equipment at the plant that will produce new-generation torque converters and steering columns. Currently, the facility manufactures steering columns for 8 assembly plants, including one in nearby Toledo. […]

Diagnostic products maker Gen-Probe ( GPRO ) has secured the license of Health Canada for its PANTHER system, a fully automated molecular testing platform designed to address a vast spectrum of testing needs. This represents a major landmark in the California-based company’s endeavor to make this breakthrough product avail able to the glo bal lab community. The PANTHER system complements Gen-Probe’s TIGRIS system, the first fully automated testing system for molecular diagnostics […]

The third-largest U.S. wireless carrier Sprint Nextel Corp. […]

In a concerted effort to return more value to its shareholders, the board of directors of Lockheed Martin Corporation ( LMT ) has authorized an increase to the amount available under the share repurchase program of up to $1 billion. The new authorization adds to the current share repurchase program initiated in October 2010. […]

Northern Trust Corporation ( NTRS ) is on track to grow its asset servicing business in the Nordic region by winning a NOK606 million (about $110 million) mandate to offer global custody, securities lending, transition management, and foreign exchange services to the municipal investment fund of Bærum Kommune in suburban Oslo, Norway. Northern Trust, which has been serving the needs of its Nordic region clients for 20 years, is now focused on increasing its business and broadening its client base in the region. The mandate offers the company with the perfect opportunity to achieve its goal. […]

Monsanto Co. ( MON ) fears losing market for Roundup Ready Soy as Dow Chemical Co. ( DOW ), the biggest U.S. […]

New Orders for Durable Goods rose 4.0% in July. That was well above consensus expectations of an increase of 1.9%. In addition, the June numbers were revised upwards. […]