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UPDATE 2-Icahn offers to buy rest of Federal-Mogul to boost auto business
2016-02-29 16:11:27| Auto Dealers - Topix.net
Billionaire Carl Icahn's investment company offered to buy the 18 percent of auto parts maker Federal-Mogul Holdings Corp offered to pay $7 per share in cash, sending the company's stock soaring nearly 41 percent to $7.02 in premarket trading. The latest investment from Icahn Enterprises, whose auto business was its second largest by revenue in 2014, comes after a record year of U.S. auto sales and in the same month it closed the acquisition of Pep Boys-Manny Moe & Jack, another U.S. auto parts retailer.
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UPDATE 1-Icahn offers to buy rest of auto parts maker Federal-Mogul
2016-02-29 14:32:21| Auto Parts - Topix.net
Billionaire Carl Icahn's investment company offered to buy the 18 percent of auto parts maker Federal-Mogul Holdings Corp has been focusing on its auto business, its second largest by revenue, as a slump in crude prices slows growth in its energy business, which accounted for nearly half of its revenue in 2014. The company said in December it would buy auto parts retailer Pep Boys-Manny Moe & Jack PBY.N for about $1 billion.
ASHRAE offers course on variable refrigerant flow.
2016-02-29 14:31:09| Industrial Newsroom - All News for Today
One of 11 offerings in ASHRAE's Spring Online Course series, Variable Refrigerant Flow System Design & Application will take place May 16. Course provides non-manufacturer specific concepts of how to apply VRF systems to buildings. It will supplement the fundamental technology introduction presented in the 2012 ASHRAE Handbook, HVAC Systems and Equipment. Course is geared toward consulting engineers, HVAC system designers, and facility engineers.
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EPA offers $26 million to clean up diesel engines.
2016-02-29 14:31:09| Industrial Newsroom - All News for Today
U.S. EPA announced availability of $26 million in funding to reduce emissions from nation's existing fleet of diesel engines. EPA is soliciting proposals for projects that significantly reduce diesel emissions and exposure, especially from fleets operating in areas designated as having poor air quality. Priority will be given to projects that engage and benefit local communities and applicants that demonstrate ability to promote and continue efforts to reduce emissions after project has ended.
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Sonobond Offers Solution for Bedwetting
2016-02-29 06:00:00| Nonwovens Industry Breaking News
Seammaster Technology finds use in children and adult briefs
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