| Trane Reports 2007 Record Results, Provides 2008 Outlook
PISCATAWAY, N.J., Jan. 29 /PRNewswire-FirstCall/ -- Trane Inc. (NYSE: TT) today announced fourth-quarter income from continuing operations (Trane Air Conditioning Systems and Services) of 32 cents per diluted share, down from 36 cents a year ago. Fourth-quarter 2006 results included a benefit of 10 cents related primarily to the sale of some operations in Australia and tax items. Adjusted income from continuing operations was 33 cents per diluted share, up 27 percent from 26 cents a year ago. Adjusted income excluded various costs and benefits that are detailed in the financial charts that follow this text. Sales from continuing operations were $1.82 billion, up 14.2 percent (up 11.9 percent in local currencies). Both the company's former Vehicle Control Systems (WABCO) and Bath and Kitchen segments are classified as discontinued operations.
Trane Directors Declare Quarterly Dividend of 16 Cents Per Share of ...
PISCATAWAY, N.J., Feb. 7 /PRNewswire-FirstCall/ -- The board of directors of Trane Inc. (NYSE: TT) today declared a quarterly dividend of 16 cents per share of common stock. The dividend is payable on March 20, 2008, to shareholders of record on March 3, 2008. On Dec. 17, 2007, Trane announced that it had entered into an agreement to be acquired by Ingersoll-Rand Company Limited (NYSE: IR) . The agreement is expected to be finalized in the second quarter of 2008. About Trane Trane Inc. provides heating, ventilation and air conditioning (HVAC) systems and services that enhance the quality and comfort of the air in homes and buildings around the world. The company offers customers a broad range of energy-efficient HVAC systems; dehumidifying and air cleaning products; service and parts support; advanced building controls; and financing solutions.
American Standard finishes year with Trane ride
It has been anything but a standard year for American Standard. The Piscataway-based company completed the sale of its renowned bath and kitchen business and spun off its vehicle-control systems operation to focus solely on its more-profitable air-conditioning and heating systems. And Wednesday, it completed its three-way business split by announcing its name change to Trane, to identify with its popular HVAC brand. "Everyone has been clearly focused on the separation plan, and we're in the final stages," company spokesman Skip Colcord said. It was February when American Standard Chief Executive Officer Fred Poses announced that the company, which employs about 1,450 in New Jersey, would separate into three units in the hopes of creating greater shareholder value for its varied operations.
The Talleys get their lift
This is an updated version of a story posted earlier on Thursday. GRANDVIEW — Robert Talley could not believe it. By about 3 p.m. on Thursday, he had the lift that he and his wife, Ann, had been waiting for, a gift from the Barstow Senior Center. "I just felt, well, if we had that, why not?" said Ethel Bussman, the office manager at the senior center. Ethel said after reading about the struggle Robert and Ann have been through to try to get a lift so Robert could be set upright and clear the mucus and fluid from his lungs, she wanted to be able to help. The senior center often accepts donations of equipment to help ailing senior citizens in the area, and Ethel felt certain they had a lift for Robert. She found one and made arrangements for her husband, Larry, to deliver it. The Talleys, she said, were in tears.
DDA proposes Marquette-Ojibwa project
STOREY ST. IGNACE - A National Historic Landmark, the unpretentious former mission church that now houses the Museum of Ojibwa Culture stands in dire need of several structural and mechanical repairs that total $155,000 to $210,000, according to the St. Ignace Downtown Development Authority (DDA). Once known as the Fr. Marquette Mission, the old wooden-frame church facing out on N. State Street was reportedly built in 1837. It was moved to its current site in 1954, a small park memorializing St. Ignace's famed missionary explorer and is now operated by the DDA. The building's focus has also changed over recent years from a period-piece missionary church building and public park to a museum highlighting the site's history of native occupation by members the Ojibwa culture.
Trailer residents to be moved into apartments and hotels
Yes that is New Orleans Mayor Ray Nagin with a large grin pointing a ginormous gun at New Orleans police chief Warren Riley. All this at a press conference touting the New Tough on Crime Economic stimulus package for security brokers in the Crescent City. $6 milliyon bones for two armored trucks, riot gear, and big guns for the cops (and the Mayor) to play with. Says it all don't it? How can you stop violence when it is glorified in every movie, song, and American history book kids get exposed to? How can you stop violence by adding riot suppression equipment to a police force that hasn't figured out how to do basic investigation work? How can you stop violence joking and clowning around like some wanna be Texas cowboy? F these clowns... I lost my 24 year old cousin Allen Porche to murder in New Orleans on February 2nd of this year, two weeks ago.
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