Effectively immediately, Parks will assume responsibility for overseeing day-to-day field operations and ensuring company-wide alignment of strategies to enhance marketplace execution and service delivery to the company’s customers.
West Texas Intermediate reached a 2014 peak of $107.73 in June before dropping as low as $49.77 today on the New York Mercantile Exchange. The grade settled at $50.04 a barrel. That’s below the break-even price for 37 of 38 U.S. shale oilfields.
Ashtead Group PLC Wednesday said its pretax profit and revenue in the second quarter and first half both rose on the back of an increase in rental revenue, and it expects its full year results to come in ahead of its expectations.
Terex unit Genie and Oshkosh unit JLG set a high bar. "When we got to 120 feet, people thought technology couldn't support it to go any higher than that, and, here today, we are at 180 feet," says Guy Ramsey, publisher of trade magazine Lift and Access.
Technological innovations such as ergonomic joystick controls, quick-change attachment couplers and cab designs that lessen operator fatigue are just some of the innovations influencing purchasing trends in the heavy construction equipment industry
Hertz Global Holdings Inc. on Friday confirmed concerns that its accounting issues ran even deeper, saying it would restate its results for 2012 and 2013 as the company continues an investigation into its financial statements dating back to 2011.
Hertz Global Holdings Inc. has been targeted by another activist hedge fund, Jana Partners, after reaching a settlement last month with Carl Icahn to replace some of the company's board with his own nominees.