Auto Parts and Equipment
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BOWLING GREEN, Ky.-- An auto parts maker is adding a new building and 100 full-time jobs to its operation in Bowling Green, Kentucky. Steve Beshear's office said the company plans to add an 87,000- square-foot building with a capital investment of up to $66 million.
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*North American production sales up 3 pct; 5 pct in Europe. Aurora, Ontario- based Magna credited rebounding North American auto demand and increased revenue from Europe, where its sales rose even though the industry overall has been hurt by lower production.
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TORONTO, May 10- Auto parts maker Magna International Inc posted a higher-than-expected rise in first-quarter profit on Friday as its revenues climbed 9 percent, boosted by strong sales in North America. Net earnings climbed to $369 million, or $1.57 per share, in the quarter ended March 31 from $343 million, or $1.46 per share, a year earlier.
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Pat McCrory's office said Wednesday that ASMO North America's Greenville plant already employs more than 530 people who produce parts for front wipers and for radiator fan motors. The products are used by Toyota, Honda, Ford, Chrysler, General Motors, Hyundai, Kia, Nissan and BMW.
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May 7- Three months ended March 31. Net Profit -11.6 vs 180.1 Net Sales 1.72 vs 1.33 EPS -0.06 vs 1.1 NOTE: Hindustan Motors Ltd makes cars and auto parts. *Source text:* Further company coverage ().
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BRUSSELS, May 6- The following are mergers under review by the European Commission and a brief guide to the EU merger process:. --RAG trust and buyout firm CVC Capital Partners to sell part of their shares in German chemicals company Evonik Industries.
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FRANKFURT, May 4- Canadian auto parts maker Magna International plans to cut jobs in Europe and the United States as it seeks to reduce costs and offset weak demand in Europe, Chief Executive Donald Walker told German magazine WirtschaftsWoche.
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**RADCOM LTD, $4.05, up 53 pct. **DELCATH SYSTEMS INC, $0.43, down 45 pct. **LINKEDIN CORP, $181.69, down 10 pct.
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**RADCOM LTD, $4.05, up 53 pct. **DELCATH SYSTEMS INC, $0.43, down 45 pct. **LINKEDIN CORP, $181.69, down 10 pct.
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**RADCOM LTD, $4.05, up 53 pct. **DELCATH SYSTEMS INC, $0.43, down 45 pct. **LINKEDIN CORP, $181.69, down 10 pct.
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**RADCOM LTD, $4.05, up 53 pct. **LINKEDIN CORP, $181.69, down 10 pct. The U.S. Justice Department is suing the company and its hospice subsidiaries, including the biggest U.S. for-profit hospice chain, alleging false billings for Medicare hospice services.
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BRUSSELS, May 3- The following are mergers under review by the European Commission and a brief guide to the EU merger process:. --RAG trust and buyout firm CVC Capital Partners to sell part of their shares in German chemicals company Evonik Industries.
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**RADCOM LTD, $4.05, up 53 pct. **LINKEDIN CORP, $181.69, down 10 pct. The U.S. Justice Department is suing the company and its hospice subsidiaries, including the biggest U.S. for-profit hospice chain, alleging false billings for Medicare hospice services.
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**APPLE INC, $447.94, up 2 pct. William Blair& Co analyst Anil Doradla said the bond oversubscription showed investor confidence in Apple, adding that shareholders will get these benefits, and that capital allocation is driving the shares up. **AVEO PHARMACEUTICALS INC, $2.69, down 49 pct.
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--Russian dairy producer OJSC Unimilk Co, which is controlled by French food group Danone Group, and French logistics company NDL International, which is controlled by French transport group Norbert Dentressangle, to form a logistics joint venture.
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U.S. stocks extended their advance on Thursday, with the Nasdaq Composite up 1 percent, led by gains in shares of Apple and Gilead Sciences. **GILEAD SCIENCES INC, $52.88, up 5 pct.
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May 1- Magna International Inc said on Wednesday it is resuming operations at a Toronto- area auto parts plant that was earlier shut down by an explosion and fire that injured nine people. Magna said the "minor arc flash explosion" at its Dortec Industries plant, located in the town of Newmarket, some 35 miles north of Toronto, was isolated to one manufacturing line.
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May 1- Magna International Inc said on Wednesday it is resuming operations at a Toronto- area auto parts plant that was earlier shut down by an explosion and fire that injured nine people. Magna said the "minor arc flash explosion" at its Dortec Industries plant, located in the town of Newmarket, some 35 miles north of Toronto, was isolated to one manufacturing line.
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May 1- Nine people were injured in an explosion and fire on Wednesday at an auto parts plant in Newmarket, Ontario, owned by Magna International Inc, local police said. York Regional police said six people were sent to the hospital, while Magna said in a statement that five employees were hospitalized for evaluation.
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--Distributor Export Trading Company Holdings, SCPE, which is the private equity arm of British bank Standard Chartered, investment funds Pemgrofund and Carlyle Commodities to acquire joint control of ETC Group. --Dutch insurer Aegon to acquire Spanish bank Santander's insurance subsidiaries Santander Vida and Santander Generales.