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$20 Million to Elevate Equipment along the Hudson Line

2015-08-21 22:21:36| Railroads - Topix.net

The Metropolitan Transportation Authority today announced that Metro-North has received a federal grant of $20.8 million to harden Metro-North's Hudson Line against future storm surge flooding events of the type experienced during Superstorm Sandy. The grant will be used to design and build 92 elevated steel equipment platforms along 30 miles of track from the South Bronx to Croton-Harmon, in Westchester County, as well as provide for the design and construction of perimeter protection, waterproofing, hardening of substations and train yard buildings, and installation of video and electronic monitoring of Metro-North facilities and infrastructure.

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GM Canada investing $12 million in Oshawa Assembly and CAMI Body Shop

2015-08-21 19:03:34| Canadian Plastics Headlines

Automaker General Motors Canada will invest $12 million to increase Chevrolet Equinox production on the consolidated production line at Oshawa Assembly and for related changes in the body shop at CAMI Assembly. In a statement, the company said the investment… The post GM Canada investing $12 million in Oshawa Assembly and CAMI Body Shop appeared first on Canadian Plastics.

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Chris Davis Acquires Nearly 24 Million Shares of Cabot Oil & Gas

2015-08-21 07:14:41| Auto Parts - Topix.net

Chris Davis , portfolio manager for Davis Financial Fund, favors stable businesses that are well managed and available at value prices when he seeks investment opportunities. His approach has been pretty successful at Davis Financial Fund, which has recorded returns of 13.01%, 31.45% and 18.15% in 2014, 2013 and 2012, respectively.

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Exclusive: Toyota to buy 13 million air-bag inflators from Takata rival - sources

2015-08-21 04:28:26| Automakers - Topix.net

Toyota Motor Corp , seeking to reduce its risk from potentially lethal Takata Corp air-bag inflators, will buy millions of the component from smaller parts maker Nippon Kayaku Co , people familiar with the matter said. The Japanese carmaker asked the second-tier supplier last month to increase production so it can supply Toyota with more than 13 million inflators from next July until 2020, said a person with direct knowledge of the deal and a second individual who was briefed on it.

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Irving Oil to conduct $200 million maintenance project for Saint John refinery

2015-08-21 02:32:13| Oil & Gas - Topix.net

Thousands of temporary jobs will be created in New Brunswick this fall during a maintenance and upgrade project at the Irving Oil refinery in Saint John described as the largest in the company's history. Company officials said Thursday the $200-million project, or turnaround as it is termed, will see half the refinery shut down for 60 days starting Sept.

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