| 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.
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.
The Fall of Romney, Inc.
In fairness to Team Romney, they did more right than not. They rose from single digits in the national polls to receiving 32% of the primary votes cast to date. They became the conservative establishment's choice. They leveraged mechanical and resource superiority into solid leads in Iowa and New Hampshire, giving Rudy Giuliani pause about competing in the early states and chasing John McCain from Iowa. They leveraged their candidate's mastery of pat, 60-second answers into dominance (and rising poll numbers) out of the first debates. They met their goal of winning Ames, and got a bump. They met their goal of 30,000 votes in the Iowa Caucus. Nearly all of the benchmarks set by Romney, Inc. were met — and often with flying colors. They checked every box they needed to become the nominee.
Teleconferencing mulled for Oakwood trial
Judge Oscar Pimentel of Makati Regional Trial Court Branch 148 plans to use information technology to make it easier for the accused and their witnesses to "appear" in court. However, the SC must approve the plan. Pimentel presented the idea of teleconferencing to prosecution and defense lawyers after another heated debate in a jampacked courtroom Thursday morning. Pimentel called Assistant Chief State Prosecutor Richard Anthony Fadullon, defense lawyer Ernesto Francisco Jr., and other counsels to his chambers to ask them if they would agree to use the internet, webcams, and computers for the rest of the trial. The prosecution and the defense did not object to the idea. Francisco, who is representing Trillanes and several other Magdalo Group soldiers, said Pimentel intends to ask the SC if teleconferencing can be allowed in a trial.
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