Fuel Cell industry news provided by Financial News USA (OTC: FNWU). ITT Industries Inc. (NYSE:ITT) said Chief Executive Steven Loranger reaffirmed the company's second-quarter and full-year outlooks in a speech given at an industry conference in Florida Monday. ITT, which provides technology products for the defense and communications sectors, expects second-quarter earnings between 75 cents and 77 cents per share. The 16 analysts polled by Thomson Financial anticipate, on average, earnings of 77 cents per share. Despite the devastation of Hurricanes Katrina and Rita, more than one-fifth of large U.S. businesses (21 percent) have not budgeted to prepare for and maintain operations during natural disasters, according to a new national survey released recently. The independent survey of 300 U.S. businesses with annual revenues of $50 million or more was conducted in April and commissioned by Emerson (NYSE: EMR).
Honeywell (NYSE: HON) announced recently that it has reached agreement to grant rights to HannStar Display Corporation under patented Honeywell technology relating to certain liquid crystal display (LCD) products. The patented technology increases the brightness of images and reduces the appearance of certain interference effects on LCDs. Terms of the agreement were not disclosed. Power Air Corporation (OTCBB: PWAC) recently announced that it has raised an additional $2,000,000 through a unit private placement, bringing the total investment in the Company since becoming a public company seven months ago to over $4,000,000. A total of $6,000,000 had been invested prior to the reverse merger on September 30, 2005. For the full StocksJournal report for Power Air, go to www.stocksjournal.com.
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