Autodesk Increases Share Repurchase Program
SAN RAFAEL, Calif.-Autodesk, Inc. (NASDAQ:ADSK) today announced a program to repurchase up to 30 million shares of the company's common stock, in addition to the approximately 1.5 million shares that remained at the end of the second quarter of fiscal 2017 under previously announced share repurchase programs. The repurchase program provides Autodesk with the ability to cover dilution and reduce shares outstanding over time. Under the share repurchase program, Autodesk may repurchase shares fr...
OGC Publishes Testbed 12 Aviation Thread Engineering Reports
Members of the Open Geospatial Consortium (OGC®) recently approved the release of 7 draft public OGC Engineering Reports, products of the recently completed OGC Interoperability Testbed 12 Aviation Thread. Testbed 12’s Aviation Thread was sponsored by FAA and Eurocontrol, and is the most recent in the OGC's long series of major geospatial interoperability initiatives. The 7 released draft engineering reports focus on Aviation Information Management, specifically: •Semantics - Managing comple...
BTS Releases 2nd Quarter 2016 Airline Financial Data
U.S. scheduled passenger airlines reported an after-tax net profit of $4.6 billion in the second quarter of 2016, up from $3.1 billion in the first quarter of 2016 and down from $5.5 billion in the second quarter of 2015, the U.S. Department of Transportation’s Bureau of Transportation Statistics (BTS) reported today (Table 1). U.S. Scheduled Service Passenger Airlines Quarterly Net Income Table Version | Excel The 25 U.S. scheduled service passenger airlines reported an after-tax n...
Cardno Negotiates a Permanent Debt Reduction
Cardno Limited (CDD) today announced it has negotiated a permanent reduction in its debt facilities from US$210.0m in June 2016 to US$108.5m. This reduction of debt facilities reinforces Cardno’s strengthening balance sheet and reflects the Company’s decreasing focus on the use of debt in its day to day operations. As part of the reduction agreed with Cardno’s banking partners, the banks have also agreed to covenant waivers (for the next 2 testing periods) on any potential further impairmen...
Sokkia Announces New Compatibility with Autodesk Layout Application
LIVERMORE, Calif., USA/ CAPELLE A/D IJSSEL, The Netherlands — Sokkia announces its new iX robotic total station series’ compatibility with the Autodesk BIM 360 Layout application. BIM 360 Layout is designed to provide vertical construction contractors the ability to connect the coordinated model to the field layout process — helping to increase job site productivity, while improving the accuracy of staked or installed building components. “We are committed to the interoperability between o...
Oldcastle Precast Supplies Retaining Wall System for PENNDOT’s Largest Project Ever
PHILADELPHIA, Pa. (September 2016) – Oldcastle Precast, a specialist in manufacturing precast concrete components used in heavy highway and bridge construction, has supplied over 330,000-square-feet of The Neel Company’s Pennsylvania Department of Transportation approved T-WALL® Retaining Wall System for Philadelphia’s Interstate 95 Corridor Reconstruction Project. Ultimately, on separate contracts for Interstate-95 sections CP1, CP2, GR2, and GR3, Easton-based Oldcastle Precast manufactured...
Michael Baker International Recognized by Pittsburgh Business Times as One of the Top-Ten Largest Privately Owned Companies in the Region
Michael Baker International, a global leader in engineering, planning and consulting services, moved up three positions in The Pittsburgh Business Times’ ranking of largest privately held companies in the region, based on 2015 revenues. The company is now ranked sixth in the Pittsburgh market. “Michael Baker achieved significant growth in 2015 – both in Pittsburgh and across the world – and we look forward to continuing to build our brand and market presence in the years ahead,” said Kurt Ber...
Introducing New Officers of Turner Construction Company
Turner Construction Company is pleased to announce that leaders from across the company have been promoted to vice president. Robert Baird has been promoted to vice president and operations manager of Turner’s offices in Atlanta and the Carolinas. Robert joined Turner’s Atlanta office in 1992. He served as a carpenter, field engineer, chief of party, cost engineer, project engineer, project superintendent, project manager, and purchasing agent before being promoted to senior project manager i...
Cardno Sells Software Business XP Solutions
Professional infrastructure and environmental services firm Cardno Limited today announced it had signed an agreement for the sale of software business, XP Solutions, for USD $49 million to private equity firm EQT. The net proceeds of the sale will be used to strengthen the company’s capital structure and to further reduce net debt. XP Solutions provides industry standard sustainable drainage and flood hazard software for the civil engineering and environmental sectors. It services clients acr...
Skanska Invests EUR 46M, About SEK 430M, in New Office Project in Helsinki, Finland
Skanska invests EUR 46M, about SEK 430M, in a new office project in Helsinki, Finland, with a gross leasable area of 12,000 square meters. The construction contract is worth EUR 33M, about SEK 310M, which will be included in the order bookings for Skanska Finland for the third quarter 2016. The new building is located in Lintulahti area close to the sea and less than two kilometers from the Helsinki city center. It is within easy reach by both public transport and car. In the area, industr...
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