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Bob DeWyze, former Director of ITT Bell & Gossett's Little Red Schoolhouse in Morton Grove, Illinois, for more than 40 years, recently passed away. DeWyze trained tens of thousands of HVACR professionals at one of the industry's most venerable educational institutions from the mid-1950s until his retirement in 1997. An ex-Marine and World War II veteran, Bob was known for his no nonsense approach to quality education. Born on January 16, 1923, he was 88 years old when he died on February 8, 2011. He is survived by his daughter Renee and sons Bruce and Brian, and three grandchildren. Read More
Property owners and managers of multi-family buildings throughout New York City and Westchester County lose money on their real estate investments every day because their buildings waste energy. Yet many building owners and managers hesitate to initiate improvements because they are concerned about upfront costs and how to select and procure the right equipment. (more) Read More
ROCHESTER — The Planning Board unanimously accepted as complete and approved the new addition on LAARS Heating Systems' manufacturing building at 20 Industrial Way. The plans include a 12,800-square-foot addition to the existing building that will house a new training room, additional offices and a break room. There will also be 86 new parking spaces added to the existing lot, according to Rick Lundborn of Norway Plains Associates, the engineering firm that submitted the application. (more) Read More
Grundfos Blueflux® technology represents the best from Grundfos within energy efficient motors and variable frequency drives (MG motors, MGE motors and CUE drives). Grundfos Blueflux® harnesses the full energy-saving potential of electrical motors and the pumps they power. The first Grundfos Blueflux® solutions are on the market today, and others will be launched periodically this year. The complete Grundfos Blueflux® range will be available to use with our market-leading pumps by January 2012. (more) Read More
Danish pump manufacturer Grundfos has registered a shade of red as a trademark. (more) Read More
A. O. Smith Corporation (NYSE: AOS) reported 2010 earnings from continuing operations of $57.3 million or $1.24 per share on sales of $1.49 billion, which included an after-tax charge of $21.6 million, or $0.47 per share, associated with the flooding that impacted the company's Ashland City, Tenn., facility in May. The discontinued Electrical Products operations earned $54.4 million or $1.18 per share on sales of $705.8 million.
The combined businesses earned a record $111.7 million, or $2.42 per share, in 2010. Earnings for 2009 were $81.3 million or $2.36 per share. Non-GAAP earnings for 2009, excluding the impact of the SICO transaction, were $89.7 million or $1.97 per share. In the fourth quarter, the combined businesses earned $32.2 million or $0.69 per share in 2010 compared with $22.7 million or $0.50 per share in 2009. (more) Read More
TT Corporation announced that its board of directors has unanimously approved a plan to separate the company’s businesses into three distinct, publicly traded companies. Under the plan, ITT would execute tax-free spinoffs to shareholders of its water-related businesses and its Defense & Information Solutions segment. Following completion of the transaction, ITT will continue to trade on the New York Stock Exchange as an industrial company that supplies highly engineered solutions in the aerospace, transportation, energy and industrial markets. Under the plan, ITT shareholders will own shares in all three corporations following the completion of the transaction.ITT senior management and its board of directors believe that these three businesses are well-positioned to create significant value for shareholders as standalone companies. ITT expects to finalize and execute the plan before the end of the year. (more) Read More
The URI Foundation today announced a $100,000 charitable gift from the Cranston, Rhode Island-based Taco/White Family Foundation. The gift will leverage matching funds through the Robert D. Ballard Endowed Fellowship Challenge, funded by noted oceanographers Dr. Robert D. Ballard and Dr. James A. Austin Jr., which will further enhance the impact of the Taco/White gift. The donation will be used to help defray the educational expenses of one or more graduate student whose academic course of study is directly associated with the Graduate School of Oceanography’s Center for Ocean Exploration. Selected graduate students will be highly talented individuals whose academic course of study is in the field of geological oceanography. The gift will be matched on a 3:1 basis, with funds from a $100K pledge made by Ballard and Austin in 2010. As a result, Taco’s $100K gift will be matched with an additional $33K. The Ballard endowment ... Read More
NORFOLK — A Boston attorney representing the family of a Blackstone man killed in a Norfolk duplex propane explosion said yesterday that the family plans to sue two companies. Marc Breakstone said the family of William Nichols plans to file suit for gross negligence and wrongful death against EnergyUSA, a Taunton company that installed and filled the propane tank in the building, and Smolinsky Brothers Plumbing and Heating Service, which installed the furnace and piping involved in the leak. Propane distributor DCP Midstream was not included in the suit after an investigation cleared them of any connection, even though it may have distributed odorless gas to other locations. (more) Read More
Massachusetts officials on Wednesday announced a plan to curb heat-trapping gases emitted by homes, cars and businesses in the state by 25 percent below 1990 levels over the next decade. (more) Read More