ACI Real Estate, an affiliate of Alternative Capital Investments, launched the US $272 million (AED 1 billion) Michael Schumacher Business Avenue on February, a 29-storey business tower located in Dubai’s Business Bay. Michael Schumacher Business Avenue marks Phase 2 of ACI’s sports-branded real estate project. The tower designers represent a new generation of architects. Being responsible as associate architects for world recognised structures...
Dril-Quip, Inc. announced today that its Board of Directors has adopted a Stockholder Rights Plan (the “Rights Plan”) designed to protect the Company’s stockholders from coercive or unfair takeover techniques. Terms of the Rights Plan provide for a dividend distribution of one right (a “Right”) for each outstanding share of common stock to holders of record at the close of business on December 5, 2008. The Rights Plan...
If you love horses and have ever wanted to own a first-class facility for horse operations, you won’t want to miss the 180 acre Double Diamond Ranch Equestrian Center and Equine Breeding Center – a state of the art equine sales, breeding, boarding, and training facility fully outfitted to fulfill your every dream and currently being offered for sale through Kuper Sotheby’s International Realty. Located in the beautiful Texas Hill...
Ritchie Bros. Auctioneers gave equipment sellers easy access to the global marketplace last week, attracting bidders from around the world to seven unreserved industrial auctions in four countries – including the largest Spain auction in Company history. The three-day auction at the Company’s Moncofa, Spain auction site generated almost (euro)30 million (US$38 million) in gross auction proceeds. Ritchie Bros. the world’s largest...
Wight & Company, a leader in integrated architecture, engineering and construction solutions for the built environment, has won six awards for its public projects. These included Best Overall Project from Design Build Institute of America (DBIA); two “Project of the Year” awards from Midwest Construction magazine; and Excellence and Merit Awards from the American Council of Engineering Companies of Illinois (ACEC – Illinois). “It’s gratifying...
Jensen Precast recently installed machinery to manufacture Reinforced Concrete Pipe (RCP) in their Sparks, Nevada facility. The decision to make RCP came in early 2007, after many customers repeatedly asked them to supply it. “RCP is generally used for storm drain applications greater than 15 inches,” Lance Semenko, Senior Vice President of Engineering for Q & D Construction, said. “We specify RCP because it’s stronger...
Elgin Sweeper, the leading manufacturer of street sweepers, has introduced a version of the legendary Pelican® three-wheel broom sweeper that may be powered by either compressed natural gas (CNG), liquefied natural gas (LNG), or liquefied petroleum gas (LPG) – also known as propane. In addition to being Elgin Sweeper’s flagship product, the Pelican has been America’s most popular urban street sweeper for generations. This three-wheel broom...
Cohesant Inc. announced that it plans to purchase up to 100,000 shares of its common stock. Purchases may occur in the open market or in privately negotiated transactions. The price to be paid, timing of purchases and the aggregate number of shares to be purchased will be at the Company’s discretion and subject to market conditions. Cohesant Inc., based in Beachwood, Ohio, is engaged in the protection and renewal of drinking water distribution...
Kadant Inc. (NYSE:KAI) announced that the United States District Court for the District of Massachusetts granted motions to dismiss all claims against it and the other defendants in a purported class action lawsuit relating to decking and railing products manufactured by Kadant Composites LLC between April 2002 and October 2003. The complaint, originally filed in December 2007, alleged that these products were defective, and claimed, among other things,...
Pall Corporation , a global leader in filtration, separation and purification systems and technologies today announced that its shareholders elected Ronald Hoffman, CEO of Dover Corporation , to its board of directors, effective immediately. The announcement came at the Company’s annual meeting of shareholders held today at the Long Island Marriott in Uniondale, New York. Dover Corporation, with over $7 billion in annual revenues, is a global...