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www.PicksThatMove.com: "Picks that move" Alerts, October 22, 2009: MTX, MAC, CFX, NOC, CNW and TXN
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| Copyright: | M2 COMMUNICATIONS | | Source: | M2 PressWIRE | | Wordcount: | |
Picksthatmove.com Alerts include Minerals Technologies Inc. (NYSE: MTX); The Macerich Company (NYSE: MAC); Colfax Corporation (NYSE: CFX); Northrop Grumman Corporation (NYSE:NOC); Con-way Inc. (NYSE: CNW) and Texas Instruments (NYSE: TXN)
-- October 22, 2009 Minerals Technologies Inc. (NYSE: MTX) at $48.35 on a volume of 16,191 shares
In a press release on October 22, Minerals Technologies Inc. to Expand Satellite PCC Facility at Paper Mill Owned by Companhia Suzano Papel e Celulose, S.A., in Brazil
NEW YORK, Oct 22, 2009 Minerals Technologies Inc. (NYSE: MTX) announced today that it will expand its satellite precipitated calcium carbonate (PCC) plant at a paper mill owned by Suzano Papel e Celulose, S.A. in Suzano, Brazil. The facility, which was originally constructed in 1996, is operated by Minerals Technologies do Brasil Comercia e Industria de Minerais Ltda.
About Mirerals Technologies Inc.
Minerals Technologies Inc. is a global resource- and technology-based growth company that develops, produces and markets worldwide a broad range of specialty mineral, mineral-based and synthetic mineral products and related systems and services. The company recorded sales of $1.1 billion in 2008.
-- October 22, 2009 The Macerich Company (NYSE: MAC) trading at $30.15 on a volume of 4.14M shares
In a press release on October 22, Macerich Prices Common Stock Public Offering of 12,000,000 Shares
SANTA MONICA, Calif., Oct 22, 2009 The Macerich Company (NYSE: MAC) today announced that it has priced a public offering of 12,000,000 newly issued shares of its common stock at a price to the public of $29.00 per share. In connection with the offering, the company also has granted the underwriters a 30-day option to purchase up to an additional 1,800,000 shares of common stock solely to cover over-allotments, if any. The closing of the offering is expected to occur on October 27, 2009, subject to the satisfaction of customary closing conditions.
About Macerich
Macerich is a fully integrated self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States.
-- October 22, 2009 Colfax Corporation (NYSE: CFX) trading at $12.01 on a volume of 139,368 shares.
In a press release out on October 22, Colfax's Warren Pumps Receives Favorable Ruling in Asbestos Insurance Case
RICHMOND, Va., Oct 22, 2009 Colfax Corporation (NYSE: CFX), a global leader in fluid-handling solutions for critical applications, announced today that its Warren Pumps subsidiary received a favorable ruling in its asbestos insurance case. The decision issued October 14, 2009, by the Delaware Court of Chancery confirmed that Warren is entitled to excess insurance coverage purchased by a former owner of the business. The Court also ruled that Warren's asbestos-related costs should be allocated among excess insurers using an "all sums" allocation. This allows Warren to collect amounts paid in connection with a claim from any insurer whose policy is triggered, up to the policy's applicable limits. This litigation and the decision are separate and apart from insurance litigation involving Colfax's Imo subsidiary.
About Colfax Corporation
Colfax Corporation is a global leader in critical fluid-handling products and technologies. Through its global operating subsidiaries, Colfax manufactures positive displacement industrial pumps and valves used in oil & gas, power generation, commercial marine, global naval and general industrial markets. Colfax's operating subsidiaries supply products under the well-known brands Allweiler, Fairmount Automation, Houttuin, Imo, LSC, Portland Valve, Tushaco, Warren and Zenith. Colfax is traded on the NYSE under the ticker "CFX." Additional information about Colfax is available at www.colfaxcorp.com.
-- October 22, 2009 Northrop Grumman Corporation (NYSE:NOC) last at $49.69 a volume of 418,852 shares
In a press release out on October 22, Northrop Grumman Awarded DARPA Contract That Takes Technology to 'NEXT' Level
LOS ANGELES, Oct 22, 2009 The Defense Advanced Research Projects Agency (DARPA) has awarded Northrop Grumman Corporation (NYSE:NOC) the first phase of a $28.9-million Nitride Electronic NeXt Generation Technology (NEXT) contract. Work on the contract will support defense communications, aircraft and space systems with the development of the next generation of gallium nitride (GaN) technology. The first phase of the contract totals $12.4 million.
About Northrop Grumman Corporation
Northrop Grumman Corporation is a leading global security company whose 120,000 employees provide innovative systems, products, and solutions in aerospace, electronics, information systems, shipbuilding and technical services to government and commercial customers worldwide.
-- October 22, 2009 Con-way Inc. (NYSE: CNW) last at $35.64 on a volume of 418,916 shares
In a press release out on October 22, Con-way Freight Wins National Truck Safety Award From American Trucking Associations
Company Takes First in the General Commodities LTL/Local/Over 100 Million Miles Class
ANN ARBOR, MI, Oct 22, 2009 Con-way Freight, a less-than-truckload (LTL) freight carrier and subsidiary of Con-way Inc. (NYSE: CNW), announced today that -- for the third year in a row -- it has won first place in its competition class in the 2009 American Trucking Associations (ATA) National Truck & Industrial Safety Contests. ATA's Safety Management Council selected Con-way Freight as the winner in the General Commodities LTL/Local/Over 100 Million Miles category. The organization presented this year's awards at its recent Safety & Human Resources National Conference & Exhibition in Baltimore.
About Con-way Freight
Con-way Freight is the industry's leading less-than-truckload (LTL) freight transportation company, providing guaranteed, day-definite regional and transcontinental service with exception-free delivery, on-time service performance and faster transit times through a single, unified network of more than 300 service centers in the United States, Canada, Mexico and Puerto Rico. Con-way Freight offers LTL freight transportation across North America and through Global LTL(TM) delivery in the United States from around the world. Global solutions include international less-than-container (LCL) ocean shipments from Asia through its OceanGuaranteed(R) service; expedited U.S. delivery for inbound international cargoes from Europe through an exclusive alliance with TNT; direct service to more than 30 Bahamian and Caribbean ports through TropicalDirect(SM); and domestic offshore transportation to Alaska, Hawaii and Puerto Rico. Based in Ann Arbor, Mich., Con-way Freight is a certified FAST highway carrier and is ISO 9001- and 14001-, C-TPAT/PIP, ACE- and CSA-certified.
-- October 22, 2009 Texas Instruments (NYSE: TXN) trading at $23.40 on a volume of 9.60M shares
In a press release out on October 22, TI inspires innovation with global ultra-low power MSP430(TM) MCU design contest
DALLAS, Oct 22, 2009 Helping designers around the world showcase their talents, Texas Instruments Incorporated (TI) (NYSE: TXN) today launched the MSP430 microcontroller (MCU) Ultra-Low Power Design Challenge. Sponsored by electronic components distributor Avnet Electronics Marketing, the contest takes place October 19, 2009 to January 19, 2010. Contestants are encouraged to show "how low they can go" by submitting video demonstrations ranging from practical everyday solutions to application-specific design concepts using the world's lowest-power MSP430 MCUs and development tools.
About Texas Instruments
Texas Instruments (NYSE: TXN) helps customers solve problems and develop new electronics that make the world smarter, healthier, safer, greener and more fun. A global semiconductor company, TI innovates through design, sales and manufacturing operations in more than 30 countries. For more information, go to www.ti.com.
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