Fuel Cell industry news provided by Financial News USA (OTC: FNWU). The nation hasn't forgotten about it. The city of New Orleans certainly hasn't forgotten about it. And Power Air (OTC BB: PWAC) President Remy Kozak hasn't forgotten about it either. On August 29, 2005, Hurricane Katrina made landfall and began its path of destruction across the southeastern part of the United States in what has been determined to be the single largest natural disaster in recent history. For the full StocksJournal report for Power Air, go to www.stocksjournal.com.
ITT Corporation (NYSE: ITT) has successfully completed production testing of the first S3D radar system upgrade for Forsvarets Materielverk (FMV) of Sweden. This upgrade delivers new technology for the processor, transmitter, antenna, displays and built-in test, resulting in improved reliability, availability, and maintainability that extends the life of the S3D Radar an additional 15 years. GE Money, the consumer finance unit of the General Electric Company (NYSE:GE), announced recently it has reached an agreement to acquire a 25.4% interest (on a fully diluted basis) in the Bank of Ayudhya (BAY) for US$600 million. The transaction is subject to shareholder approvals. Mr. Yoshiaki Fujimori, President and CEO for GE Money Asia, said, "This partnership will further strengthen the Thai financial market by contributing to economic growth and offering more competitive options for both Thai consumer and commercial customers. Gabelli & Company, Inc. will host its 12th Annual Aircraft Supplier Conference, September 7-8, 2006, at The Helmsley Hotel in New York City (212 E 42nd St), where Honeywell International Inc. (NYSE:HON) is one of the presenters. This two-day research meeting will feature presentations by senior management of several leading aerospace and defense companies, with an emphasis on competitive dynamics, new technologies, and company fundamentals.
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