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Shock tax delivers $400m hit to NAB's Clydesdale Bank, complicates UK exit

2015-07-10 05:30:46| Automakers - Topix.net

The shock bank tax announced in the UK budget this week will complicate National Australia Bank's sale of Clydesdale Bank, says Commonwealth Bank of Australia analyst Victor German, who has sliced his valuation of NAB's difficult UK asset by $425 million. UK chancellor George Osborne surprised the market when he announced an 8 per cent tax on bank profits in the UK budget on Wednesday, which also removed a controversial bank levy that HSBC and Standard Chartered had argued could force them out of the UK.

Tags: hit tax bank exit

 

Pall Corp. employees face corporate culture shock under new owner

2015-07-03 22:43:26| Industrial Machines - Topix.net

Danielle Wedral is a food and beverage applications specialist at Pall Corp. Pall is among Long Island's strongest companies. Photo Credit: Newsday, 2011 / J. Conrad Williams Jr. Danielle Wedral is a food and beverage applications specialist at Pall Corp. Pall is among Long Island's strongest companies.

Tags: face culture owner corporate

 
 

Shock, Resolve in Air Products Attack

2015-06-30 08:28:03| Chemicals - Topix.net

L'ISLE-D'ABEAU, FRANCE--"Horrified and saddened" by a terrorist attack on one of its French facilities, the CEO of coating raw-materials supplier Air Products & Chemicals Inc. has announced increased security at the firm's locations worldwide. All employees of the Allentown, PA-based company were safely evacuated after a delivery van rammed gas canisters at the Air Products gas plant warehouse at 10 a.m. Friday , setting off an explosion.

Tags: products air attack shock

 

Verotec's VMEbus Systems for Marine Application Sail through 25g Shock Test

2015-06-29 12:31:12| Industrial Newsroom - All News for Today

Verotec has supplied suites of five different VMEbus-based systems to a global US-based naval and marine systems integrator. The systems will be used in military shipboard applications, so meeting exacting shock and vibration requirements was a critical requirement. Each system consist of a VMEbus backplane and two...

Tags: test systems application marine

 

Pressure Transducer withstands shock and vibration.

2015-06-23 14:31:06| Industrial Newsroom - All News for Today

Featuring all-welded 316 stainless steel wetted material, Ashcroft® G3 monitors and controls pressure where vibration, shock, and high-cycling exist. Unit is available in ranges from 0/5 through 0/300 psi and vacuum with accuracy of ±1.50% of span from -20 to 85°C. Configurable with wide selection of pressure connections and electrical terminations, transducer is suited for compressor control, HVAC/R, process automation and control, and pump monitoring.

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