The Serious Speculator

HealthSouth Announces Plans To Build Inpatient Rehabilitation Hospital

Serious Speculator — Fri, 01 Jun 2012 12:59:06 +0000

My news for Investors

ORLANDO, Fla., June 1, 2012 /PRNewswire/ – HealthSouth Corporation (NYSE: HLS) today announced it has received permission from the state to proceed with building a comprehensive physical rehabilitation hospital in the greater Orlando, Fla., market. The 50-bed hospital will provide comprehensive physical rehabilitation to patients who have experienced stroke, trauma, brain and orthopedic injuries or other major illness or injuries.

“There are a number of long-standing comprehensive medical rehabilitation providers in the greater Orlando market; however, the need is greater than what the current providers can serve,” said Linda Wilder, president of HealthSouth’s southeast region. “We look forward to working with the other providers in the community and expanding upon the already strong continuum of healthcare services.”

Construction on the approximately 55,000 square foot hospital is expected to begin in the first quarter of 2013 and the hospital is expected to be operational by the first quarter of 2014. The proposed comprehensive physical rehabilitation hospital will include 50 all-private rooms, a spacious, on-site therapy gym and cutting-edge rehabilitation technologies. The development of HealthSouth’s rehabilitation hospital represents an approximately $24 million investment in the community and, once fully operational, is expected to generate approximately 140 new, full-time jobs.

“Our key goal will be to return patients to the community at the highest level of function possible,” said Wilder.

HealthSouth currently operates nine inpatient rehabilitation hospitals in Florida, with additional hospitals currently under construction in Ocala and Stuart, Fla.

About HealthSouth

HealthSouth is the nation’s largest owner and operator of inpatient rehabilitation hospitals in terms of revenues, number of hospitals, and patients treated and discharged. Operating in 27 states across the country and in Puerto Rico, HealthSouth serves patients through its network of inpatient rehabilitation hospitals, outpatient rehabilitation satellite clinics and home health agencies. HealthSouth’s hospitals provide a higher level of rehabilitative care to patients who are recovering from conditions such as stroke and other neurological disorders, orthopedic, cardiac and pulmonary conditions, brain and spinal cord injuries, and amputations. HealthSouth can be found on the Web at www.healthsouth.com.

Media Contact
Casey Lassiter, 205-410-2777
casey.lassiter@healthsouth.com

Investor Relations Contact
Mary Ann Arico, 205-969-6175
maryann.arico@healthsouth.com

SOURCE HealthSouth

RELATED LINKS
http://www.healthsouth.com

Article source: http://www.prnewswire.com/news-releases/healthsouth-announces-plans-to-build-inpatient-rehabilitation-hospital-156270565.html

May’s Unemployment Rate of 8.2 Percent Negatively Impacts Young Americans

Serious Speculator — Fri, 01 Jun 2012 12:59:04 +0000

Download image

Statement and Call to Action: Generation Opportunity President Paul T. Conway, Former Chief of Staff of The United States Department of Labor

WASHINGTON, June 1, 2012 /PRNewswire-USNewswire/ – Generation Opportunity President Paul T. Conway, former Chief of Staff of the United States Department of Labor, where the Bureau of Labor Statistics (BLS) is housed, and the former Chief of Staff of the United States Office of Personnel Management (OPM) responds to the May 2012 jobs numbers:

(Logo: http://photos.prnewswire.com/prnh/20110805/DC48058LOGO)

“For young adults, the May unemployment number of 8.2 percent represents yet another chapter in the indefensible saga of how a great generation is being denied economic opportunity, jobs, critical skills, and the ability the pursue their dreams. As summer begins, the ranks of all those frustrated by the lack of opportunities are joined by recent high school and college graduates whose enthusiasm to join the work force has been slammed by the same harsh economic status quo their brothers and sisters have been experiencing for the past few years – one marked by record high unemployment, a patchwork of part-time jobs, or jobs outside their chosen profession.

“Through no fault of their own, an increasing number of young Americans have begun to lose hope and have dropped out of the workforce entirely, disillusioned by the lack of jobs and dismayed at a White House that attacks America’s job creators and employers, while simultaneously putting Americans and their futures into deeper debt.

“Today, we are calling on young Americans across the nation – all those who are unemployed, those who are working multiple part-time jobs, and those concerned about friends and family members who are themselves in this situation – to call the White House in the coming days and tell President Obama the time is now for real change. America can do better.”

Generation Opportunity is today encouraging its Facebook fans, as well as its thousands of grassroots supporters across the nation, to call the White House at (202) 456-1414 and demand that the policies of the last three and a half years, which have stifled job creation, be reversed in favor of policies that free up Americans to create jobs, to hire, and to restore the American tradition of access to opportunity for all.

To see our Facebook call to action, go to: https://www.facebook.com/BeingAmericanByGO

ABOUT GENERATION OPPORTUNITY

Generation Opportunity is a non-profit, non-partisan 501 (c)(4) organization that seeks to engage everyone from young adults, to early career professionals, college students, young mothers and fathers, construction workers, current service men and women, veterans, entrepreneurs, and all Americans who find themselves dissatisfied with the status quo and willing to create a better tomorrow.

Generation Opportunity operates on a strategy that combines advanced social media tactics with proven field tactics to reach Americans 18-29. The organization’s social media platforms – “Being American by GO,” “The Constitution by GO,” “Gas Prices Are Too Damn High,” and “Keep Texas Awesome” on Facebook – have amassed a total fan base of more than 3.4 million. All four pages post links to relevant articles and reports from sources ranging from the federal Government Accountability Office (GAO), to The New York Times, The Washington Post, The Brookings Institution, The Wall Street Journal, The Huffington Post, and The Heritage Foundation.

Read about Generation Opportunity here; visit “Being American by GO” on Facebook here, “The Constitution by GO” on Facebook here, “Gas Prices Are Too Damn High” on Facebook here and “Keep Texas Awesome” on Facebook here.

For our Spanish-language page – Generacion Oportunidad – click here.

CONTACT:
Matthew Faraci
202-997-1636
EMAIL

SOURCE Generation Opportunity

Article source: http://www.prnewswire.com/news-releases/mays-unemployment-rate-of-82-percent-negatively-impacts-young-americans-156272865.html

TSX Delisting Review

Serious Speculator — Fri, 01 Jun 2012 12:59:02 +0000

TORONTO, June 1, 2012 /CNW/ – DELISTING REVIEW: Turbo Power Systems Inc. (the “Company”) – Further to TSX Bulletin
2012-0098 dated January 30, 2012, TSX has determined to delist the
Common Shares (Symbol: TPS) of the Company at the close of market on
July 3, 2012 for failure to meet the continued listing requirements of
TSX.

About TMX Group (TSX-X) TMX Group’s key subsidiaries operate cash and derivative markets for
multiple asset classes including equities, fixed income and energy.
Toronto Stock Exchange, TSX Venture Exchange, TMX Select, Montreal
Exchange, Canadian Derivatives Clearing Corporation, Natural Gas
Exchange, Boston Options Exchange (BOX), Shorcan, Shorcan Energy
Brokers, Equicom and other TMX Group companies provide listing markets,
trading markets, clearing facilities, data products and other services
to the global financial community. TMX Group is headquartered in
Toronto and operates offices across Canada (Montreal, Calgary and
Vancouver), in key U.S. markets (New York, Houston, Boston and Chicago)
as well as in London and Beijing. For more information about TMX Group,
visit our website at www.tmx.com. Follow TMX Group on Twitter at http://twitter.com/tmxgroup.

SOURCE TMX GROUP INC.

Article source: http://www.prnewswire.com/news-releases/tsx-delisting-review---turbo-power-systems-inc-tps-156274745.html

Today’s Hot Stocks: Exxon Mobil, Caterpillar, Metlife, TJX, PulteGroup, and Noble

Serious Speculator — Fri, 01 Jun 2012 12:59:00 +0000

My news for Investors

Download image

VANCOUVER, British Columbia, June 1, 2012 /PRNewswire-Asia/ — Pennystocksinsiders.com (PSI) has issued insider trading reports and Equity Research for the following companies: Exxon Mobil (NYSE: XOM), Caterpillar (NYSE: CAT), Metlife (NYSE: MET), TJX (NYSE: TJX), PulteGroup (NYSE: PHM), and Noble (NYSE: NE).

(Logo: http://photos.prnewswire.com/prnh/20120531/HK16417LOGO )

(Read full report by clicking the link below, you may need to copy and paste the full link to your browser.)

Report Highlights:

Exxon Mobil Corporation (NYSE: XOM): Exxon Mobil slid US$1.16 or 1.45% to US$78.63 on over 38.96 million shares, compared to its average volume of 14.86 million shares. Exxon Mobil has been North America‘s largest natural gas producer after it acquired XTO Energy Inc. in 2010. It planned to build new chemical plant in Texas; it will be ready in 4 years and cost multi-billion dollars. Pennystocksinsiders.com thinks that it is a clever way to check if insiders like CEOs, CFOs, and Directors in XOM are starting to buy more company shares. See insider trade report for XOM here.

Read Full Report: http://www.Pennystocksinsiders.com/PR/060112A/XOM/ExxonMobil.pdf

Caterpillar Inc. (NYSE: CAT): Caterpillar ended lower by US$2.56 or 2.84% to US$87.62 on over 12.37 million shares, compared to its average volume of 6.80 million shares. On May 30, Caterpillar Inc. (NYSE: CAT) and Barloworld Limited announced that Caterpillar Global Mining LLC and Barloworld have signed an agreement for Barloworld to acquire the Bucyrus equipment distribution and support business in South Africa and Botswana. The transaction between Caterpillar and Barloworld is valued at approximately US$115 million. Are insiders starting to take huge profits by selling shares or exercising stock options? Academic studies have shown that insiders traditionally make higher investment returns than ordinary investors. Want to find out how they do it?

Read Full Report: http://www.Pennystocksinsiders.com/PR/060112A/CAT/Caterpillar.pdf

Metlife Inc (NYSE: MET): Metlife ended lower by US$0.40 or 1.35% to US$29.21 on over 24.67 million shares, compare to its average volume of 9.63 million shares. Over the last three months, the stock has lost US$9.46 (-24.5%) from a price of US$38.67 on March 5, 2012. The stock is trading at 86.7% of its 50-day moving average and 84.2% of its 200-day moving average. Last week, Metlife outlined the company’s plans to increase shareholder value at an investor conference on May 23. MetLife desires to take advantage on equity (“ROE”) that would be in the range of 12-14% by 2016 compared to 10.3% reported in 2011. The company also expects to improve its risk profile, reallocate its product mix from capital-intensive products to protection products in order to generate more steady operating earnings, which in turn will help achieve its ROE aspiration. Do you want to spend less time on picking stocks and raise your return at the same time? Academic studies have shown that insiders traditionally make higher investment returns than ordinary investors. Want to trace the activities of company insiders from now on?

Read Full Report: http://www.Pennystocksinsiders.com/PR/060112A/MET/Metlife.pdf

Today Pennystocksinsiders.com also observed abnormal trade volume for the following companies; insiders may involve trading in these companies. It will take some time for insiders to report their trades. Read these reports and add these companies into your Insider Trade Radar.

The TJX Companies, Inc. (NYSE: TJX):

Read Full Report: http://www.Pennystocksinsiders.com/PR/060112A/TJX/TJX.pdf

PulteGroup, Inc. (NYSE: PHM):

Read Full Report: http://www.Pennystocksinsiders.com/PR/060112A/PHM/PulteGroup.pdf

Noble Corporation (NYSE: NE):

Read Full Report: http://www.Pennystocksinsiders.com/PR/060112A/NE/Noble.pdf

Insider Filing Source Reference: All observations, analysis and reports are based on public information released by the U.S. Securities and Exchange Commission.

About Pennystocksinsiders.com:

Pennystocksinsiders.com features a team of experienced data analysts striving to provide the investment community with the tools, software, and data necessary to carry out more effective investment research.

Important Disclaimer:

Please visit Pennystocksinsiders.com/disclaimers/index.php for details.

SOURCE Pennystocksinsiders.com

Article source: http://www.prnewswire.com/news-releases/todays-hot-stocks-exxon-mobil-caterpillar-metlife-tjx-pultegroup-and-noble-156274625.html

Focus on the bus markets of Latin America

Serious Speculator — Fri, 01 Jun 2012 12:58:57 +0000

New on the Spanish market: HAPPICH RIU S.A.

WUPPERTAL, Germany and BARCELONA, Spain, June 1, 2012 /PRNewswire/ — HAPPICH GmbH, leading interior designer for utility and special purpose vehicles in Wuppertal, Germany repositions itself in the Spanish bus market. The traditional German company acquired the long established Spanish supplier Auto Carrocerias Riu, Barcelona, with the brand name Cowol. The newly founded Spanish company under German ownership is now called HAPPICH RIU S.A. and continues the current business of the acquired Auto Carrocerias Riu. In addition, the new HAPPICH RIU also takes on the direct distribution of HAPPICH components on the Spanish market and thus replaces the former distributor Ellamp Iberica. It’s long-term Managing Director, Juan Carlos Perez, will carry on the business as Managing Director for HAPPICH RIU S.A..

“We continue to fight the severely splintered industry with our growth strategy. Development, production and distribution of parts and components for bodies of industrial vehicles – these activities of Auto Carrocerias Riu as well as its production portfolio and the industries are almost identical to ours. With Auto Carrocerias Riu we have acquired a healthy company with deep roots in the Spanish market and full order books. Soon we shall employ additional people,” explains Marc Pelzer, Managing Shareholder of HAPPICH.

“Ultimately, HAPPICH RIU provides ideal conditions to serve as the starting point for the further development of the important Latin-American bus and utility vehicle markets for us.”
Also the existing customer relations in North Africa are interesting.

HAPPICH, with its head office in Germany, is also represented directly in Great Britain, France, Poland, the Czech Republic and Turkey in addition to in Spain.

Juan Carlos Pérez, jc.perez@acriu.com
Tf.933037600 Fx.933037610, www.acriu.com

SOURCE HAPPICH GmbH

Article source: http://www.prnewswire.com/news-releases/focus-on-the-bus-markets-of-latin-america-156274725.html

The Aquatic Therapy Los Angeles Needs to Heal and Stay Fit Is Now at AquaCareforMe.com

Serious Speculator — Fri, 01 Jun 2012 12:58:56 +0000

Expectant mothers, chronic pain and surgery patients, fitness enthusiasts and many others are discovering aquatic therapy Los Angeles opportunities with the company’s underwater offerings

LOS ANGELES, June 1, 2012 /PRNewswire/ – As the human body is mostly water, it’s a wonder that so much of our physical activity and attempts to recover from injuries and chronic conditions occurs on land. This trend, however, is changing, as a growing number of people discover the benefits of aquatic therapy, which uses the relieving, low-impact environment of water to help people achieve their health and wellness goals gently and effectively. Aquatic therapy Los Angeles offerings are now available thanks to a team of licensed, trained professionals at Aqua Care for Me.

The firm, which offers a range of treatments including specialized aquatic therapy, Watsu®, water tai-chi, and water fitness, invites clients to enjoy the benefits of weightlessness in soothing warm water while professionals guide them in individualized care or workouts. With the help of heat, buoyancy, and resistance, aquatic therapy Los Angeles treatments at Aqua Care for Me improve the speed and quality of rehabilitation and can be used to soothe symptoms associated with pregnancy and various painful medical conditions.

By tailoring therapeutic and fitness programs to address the specific needs and limitations of each client, Aqua Care for Me delivers personalized care that achieves optimal efficacy with each session. Aquatic therapy Los Angeles clients can expect to improve in overall agility and well-being after their first experience, and can enjoy a wide range of benefits after completing a long-term course of fitness guidance or care. Whether interested in adding a unique angle to a regimen of land-based training and exercise or intrigued by the potential of water to allow healing without the limitations and potential dangers of regular gravity, aquatic therapy Los Angeles clients can find a wealth of answers and opportunities with Aqua Care for Me.

About Aqua Care for Me
Serving the communities of Los Angeles, San Fernando Valley, and South Bay, AquaCareforMe.com is home to the best aquatic therapy Los Angeles offers today. The firm’s experienced practitioners focus on the healing opportunities of water to increase the efficiency and efficacy of every treatment and class.

Contact:

Elina Root
310-210-0624
contact@aquacareforme.com
http://www.aquacareforme.com

This press release was issued through eReleases® Press Release Distribution. For more information, visit http://www.ereleases.com.

SOURCE Aqua Care for Me

RELATED LINKS
http://www.aquacareforme.com

Article source: http://www.prnewswire.com/news-releases/the-aquatic-therapy-los-angeles-needs-to-heal-and-stay-fit-is-now-at-aquacareformecom-156274635.html

Manhattan Software Named a Leader in the 2012 Gartner Magic Quadrant for Integrated Workplace Management Systems

Serious Speculator — Fri, 01 Jun 2012 12:58:54 +0000

MILFORD, Mass., June 1, 2012 /PRNewswire/ — Manhattan Software, the global leader in enterprise real estate software, has just been recognized as a “leader” by Gartner, Inc., in their latest Magic Quadrant for Integrated Workplace Management Systems which positions IWMS software companies according to their vision and ability to execute. Manhattan Software is a leader in the Magic Quadrant because of its strong position in both areas. Gartner says that “leaders have strength in applications and platform technology, demonstrate a high level of quality in product reliability and service, have strong operational and organizational capabilities and financial stability, have global reach and offer a strong vision of customer needs, reflected in a robust development road map.”

The Manhattan IWMS solution provides end-to-end capabilities from planning, financial management and budgeting, project management, real estate and portfolio management, facilities and space management, operations and maintenance, and sustainability. The benefits of an integrated IWMS approach far outweigh the efforts required to piece together disparate applications. Gartner recognized Manhattan Software as a leader for several key reasons, including:

Powerful offerings across the IWMS functional spectrum with strong, well-integrated financial management and analytical capabilities (which will be especially important when the FASB/IASB accounting change eliminates the off-balance-sheet operating lease in 2015/2016).
Manhattan has a strong, balanced presence in North America and Europe (with strong multiple language capabilities) for multinational corporations (MNCs) looking for an international footprint.
Robust GIS location management solutions since becoming a Gold Partner with Esri.

“Manhattan Software is pleased to see its placement in the Leaders corner of the 2012 Gartner Magic Quadrant for IWMS. We continue to focus exclusively on the real estate, property and facility management markets, extending our industry stewardship globally, so it is an honor to be recognized by Gartner as a leader,” said Craig Gillespie, CEO, Manhattan Software, Americas. “In the last year alone, Manhattan expanded its personnel by over 25%; we will continue to add staff with strong industry experience to persist in our leadership role as we meet the growing demands of the marketplace and our ever expanding customer base.”

About the Magic Quadrant
The Magic Quadrant is copyrighted 2012 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner’s analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Manhattan Software
Manhattan Software is the global leader in enterprise real estate software. Manhattan is focused on improving the performance of our clients’ real estate and facilities, wherever they are located. Manhattan Software offers two product suites: Manhattan, the #1 Integrated Workplace Management Solution (IWMS) and CenterStone, the leading Computer Aided Facility Management (CAFM) software product. As an integrated suite of products, Manhattan improves clients’ performance by enabling seamless management of all aspects of their real estate operations and portfolio. Manhattan is an advanced, web-based real estate lifecycle solution that readily integrates into an organization’s existing infrastructure.

For additional information, visit www.manhattansoftware.com.

SOURCE Manhattan Software

RELATED LINKS
http://www.manhattansoftware.com

Article source: http://www.prnewswire.com/news-releases/manhattan-software-named-a-leader-in-the-2012-gartner-magic-quadrant-for-integrated-workplace-management-systems-156275235.html

Microsoft Outlines Revenue Recognition for the Windows Upgrade Offer

Serious Speculator — Fri, 01 Jun 2012 12:58:53 +0000

Company will defer a portion of revenue from sales of Windows 7 to OEMs.

Download image

REDMOND, Wash., June 1, 2012 /PRNewswire/ – Microsoft Corp. today announced the availability of the Windows Upgrade Offer providing consumers who buy qualifying Windows 7 PCs the option to purchase a downloadable upgrade to Windows 8 Pro for an estimated retail price of $14.99 (U.S.) during the time of the promotion.

(Logo: http://photos.prnewswire.com/prnh/20000822/MSFTLOGO)

Beginning June 2, 2012, consumers who purchase up to five new Windows 7 PCs preinstalled with Windows 7 Home Basic, Home Premium, Professional, or Ultimate will be eligible to purchase an upgrade to Windows 8 Pro upon general availability of Windows 8. Qualifying purchases must be made before January 31, 2013, and offers must be redeemed by February 28, 2013.

For additional details on the Windows Upgrade Offer, please see the company’s announcement at http://www.windowsupgradeoffer.com.

Unlike previous upgrade programs, Microsoft will manage the redemption process, including eligibility verification, payment, software delivery, and support. Delivery of Windows 8 Pro will occur via electronic software distribution.

In association with the Windows Upgrade Offer, Microsoft will defer revenue from eligible sales under the program to the earlier of the fulfillment date or the program’s expiration date. For the fourth quarter of fiscal year 2012, Microsoft will defer an estimated $450 million to $550 million of revenue. The deferral only impacts the timing of revenue recognition and will not impact cash flows from operations.

Microsoft Investor Relations will host a conference call and webcast at 9:00 a.m. PDT today to discuss details of the accounting treatment for the program. The conference call will be hosted by Frank Brod, chief accounting officer, and Bill Koefoed, general manager of Investor Relations, and will be made available on the Microsoft Investor Relations website.

About Microsoft
Founded in 1975, Microsoft (Nasdaq “MSFT”) is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.

Forward-Looking Statements
Statements in this release that are “forward-looking statements” are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors such as:

execution and competitive risks in transitioning to cloud-based computing;
challenges to Microsoft’s business model;
intense competition in all of Microsoft’s markets;
Microsoft’s continued ability to protect its intellectual property rights;
claims that Microsoft has infringed the intellectual property rights of others;
the possibility of unauthorized disclosure of significant portions of Microsoft’s source code;
actual or perceived security vulnerabilities in Microsoft products that could reduce revenue or lead to liability;
improper disclosure of personal data that could result in liability and harm to Microsoft’s reputation;
outages and disruptions of services provided to customers directly or through third parties if Microsoft fails to maintain an adequate operations infrastructure;
government litigation and regulation affecting how Microsoft designs and markets its products;
Microsoft’s ability to attract and retain talented employees;
delays in product development and related product release schedules;
significant business investments that may not gain customer acceptance and produce offsetting increases in revenue;
unfavorable changes in general economic conditions, disruption of our partner networks or sales channels, or the availability of credit that affect demand for Microsoft’s products and services or the value of our investment portfolio;
adverse results in legal disputes;
unanticipated tax liabilities;
quality or supply problems in Microsoft’s consumer hardware or other vertically integrated hardware and software products;
impairment of goodwill or amortizable intangible assets causing a charge to earnings;
exposure to increased economic and regulatory uncertainties from operating a global business;
geopolitical conditions, natural disaster, cyberattack or other catastrophic events disrupting Microsoft’s business; and
acquisitions, joint ventures and strategic alliances that adversely affect the business.

For further information regarding risks and uncertainties associated with Microsoft’s business, please refer to the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors” sections of Microsoft’s SEC filings, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q, copies of which may be obtained by contacting Microsoft’s Investor Relations department at (800) 285-7772 or at Microsoft’s Investor Relations website at http://www.microsoft.com/investor/.

All information in this release is as of June 1, 2012. The company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company’s expectations.

SOURCE Microsoft Corp.

Article source: http://www.prnewswire.com/news-releases/microsoft-outlines-revenue-recognition-for-the-windows-upgrade-offer-156276065.html

AK Tube Plant Recognized for Outstanding Safety Performance

Serious Speculator — Fri, 01 Jun 2012 12:58:50 +0000

My news for Investors

WEST CHESTER, Ohio, June 1, 2012 /PRNewswire/ — The Walbridge, Ohio plant of AK Tube LLC, a subsidiary of AK Steel (NYSE: AKS), has been recognized for outstanding safety performance by the Ohio Bureau of Workers’ Compensation, Division of Safety and Hygiene. The recognition is part of a collaborative safety awareness program established by the Northwest Ohio Safety Council.

“We are honored to be recognized by the Ohio Bureau of Workers’ Compensation, Division of Safety and Hygiene, an achievement that speaks volumes about our culture of safety at AK Steel,” said James L. Wainscott, Chairman, President and CEO of AK Steel. “We congratulate all of our employees at AK Tube in Walbridge for their outstanding safety performance.”

The Walbridge plant of AK Tube received the “100% Award for Safety” for operating the entire year of 2011 without any lost-time injuries or illnesses. The recognition marks the fourth time that the plant has received this award. In addition, the plant also received a “Special Award for Safety” for operating 808,581 hours without a lost-time injury between March 17, 2009 and December 31, 2011. This is the third time that the plant has received this award.

The Walbridge plant also received the “Safety Award of Merit” in 2012 from the Fabricators and Manufacturers Association, International (FMA), a leading trade organization that serves the metal forming and fabricating industry. With a total OSHA recordable injury rate of 0.63 for the full-year 2011, the safety performance for AK Tube in Walbridge was 9.5 times better than the rolled steel shape manufacturing industry average.

AK Steel’s corporate-wide safety performance was about six times better than the steel industry average for the full-year 2011.

AK Steel

AK Steel produces flat-rolled carbon, stainless and electrical steels, primarily for automotive, infrastructure and manufacturing, construction and electrical power generation and distribution markets. The company employs about 6,200 men and women in Middletown, Mansfield, Coshocton and Zanesville, Ohio; Butler, Pennsylvania; Ashland, Kentucky; Rockport, Indiana; and its corporate headquarters in West Chester, Ohio. Additional information about AK Steel is available on the company’s web site at www.aksteel.com.

AK Tube LLC, a wholly-owned subsidiary of AK Steel, employs about 300 men and women in plants in Walbridge, Ohio and Columbus, Indiana. AK Tube produces carbon and stainless electric resistance welded (ERW) tubular steel products for truck, automotive and other markets. Additional information about AK Tube LLC is available on its web site at www.aktube.com.

AK Coal Resources, Inc., another wholly-owned subsidiary of AK Steel, owns or leases metallurgical coal reserves in Somerset County, Pennsylvania. AK Steel also owns 49.9% of Magnetation LLC, a joint venture headquartered in Grand Rapids, Minnesota, which produces iron ore concentrate from previously mined ore reserves.

SOURCE AK Steel

Acquisition Of The Bosch Group’s Foundation Brakes Business By KPS Capital Partners Completed

Serious Speculator — Fri, 01 Jun 2012 12:58:47 +0000

Formation Of Chassis Brakes International Group

DRANCY, PARIS, France, June 1, 2012 /PRNewswire/ – Chassis Brakes International Group, headquartered in Drancy, Paris France, announced today that the acquisition of the Robert Bosch global automotive foundation brakes business by Caliper Acquisition International, a newly-founded affiliate of KPS Capital Partners, has been completed. The foundation brakes business will operate under the name Chassis Brakes International Group.

Chassis Brakes International Group is one of the world’s three largest manufacturers of automotive foundation brakes and foundation brake components. The transaction comprises the original equipment business with products such as brake calipers, disk brakes, drum brakes and parking brakes sold directly to Original Equipment Manufacturers and through various aftermarket channels.

The Group currently generates sales of more than 900 million euros and employs approximately 6,000 associates at its twenty one manufacturing facilities and engineering centers in Europe, Asia Pacific and South America.

Chassis Brakes International and Robert Bosch will continue a close strategic cooperation going forward focused primarily on brake boosters and brake control systems.

Martina Merz, Chief Executives Officer of Chassis Brakes International, said, “Our objective is to build and develop a leading supplier of foundation brakes and I believe that the Company’s strong balance sheet and the support of KPS Capital Partners will enable it to achieve this objective. I’m very confident that by tailoring the business processes to foundation-related requirements and by continuing to leverage the skill, creativity and talent of our associates, the new Company will achieve its full potential.”

Contact person for press inquiries :
Jean-Francois SOUZY
Phone +33 43 11-6464

SOURCE Chassis Brakes International Group

Article source: http://www.prnewswire.com/news-releases/acquisition-of-the-bosch-groups-foundation-brakes-business-by-kps-capital-partners-completed-156276295.html