On Thursday, 3M Co (NYSE:MMM)’s shares declined -0.17% to $155.38.
As the next step in its ongoing program to license to the dental industry 3M’s patented technologies in various areas of ceramic-based dental restorations, 3M has filed a patent infringement lawsuit in Düsseldorf, Germany. On June 23, 2015, 3M filed a patent infringement lawsuit in Düsseldorf, Germany, against Zirkonzahn Deutschland GmbH located in Neuler, Germany, and Zirkonzahn SRL located in Gais, South Tyrol, Italy. The lawsuit alleges infringement of 3M’s European Patent No. 1 154 969 B2 by using Zirkonzahn’s instructions for sintering of Zirkonzahn’s zirconia blocks. 3M’s patented technology enables dimensionally precise sintering of dental ceramics.
3M is committed to improving oral care through continuous R&D investments. The company’s dental division, 3M ESPE, has been recognized as the most innovative dental company for the past 10 years by the Anaheim Group. This distinction is awarded based on the number of patent filings, 510k clearances and new product introductions.
3M Company operates as a diversified technology company worldwide. Its Industrial segment offers tapes; coated, non-woven, and bonded abrasives; adhesives; ceramics; sealants; specialty materials; filtration products; closure systems for personal hygiene products; acoustic systems products; automotive components; abrasion-resistant films; structural adhesives; and paint finishing and detailing products.
Navistar International Corp (NYSE:NAV)’s shares dropped -1.10% to $20.69.
American Intermodal Container Manufacturing Company, LLC (AICM) announced it has entered into a long-term manufacturing agreement with Navistar Inc. (NYSE: NAV) to jointly produce high-tensile steel 53-foot domestic shipping containers at the company’s Barton Riverfront Industrial Plant in Cherokee, Alabama.
Formed in 2012, AICM has partnered with Centerline (Windsor) Limited which has designed and is presently in the build-phase of an advanced robotic welding and fully integrated assembly production system with the capacity to produce more than 15,000 domestic containers annually. The manufacturing process also comprises an environmentally safe and highly advanced paint system with an on-site paint shop and fully operational blast shot and dry sheds, featuring the latest in automated application technology and a rigorous quality assurance program.
Navistar International Corporation manufactures and sells commercial and military trucks, diesel engines, and school and commercial buses; and provides service parts for trucks and diesel engines worldwide. It operates through four segments: North America Truck, North America Parts, Global Operations, and Financial Services.
At the end of Thursday’s trade, Delphi Automotive PLC (NYSE:DLPH)‘s shares dipped -0.01% to $85.99.
Delphi Automotive PLC (DLPH) declared that Joseph S. Cantie has joined its board of directors effective June 1.
Cantie is presently the executive vice president and chief financial officer of ZF TRW, a division of ZF Friedrichshafen AG, a global automobile supplier. He served in these roles for TRW Automotive Holdings Corp. since April 2004, and has held various other senior financial administration roles at TRW since joining the company in 1999. Cantie has also held administration roles at LucasVarity and KPMG Peat Marwick.
Cantie is a certified public accountant and has a bachelor’s of science degree from the State University of New York at Buffalo.
Delphi Automotive PLC, together with its auxiliaries, manufacturers vehicle components; and provides electrical and electronic, powertrain, safety, and thermal technology solutions to the automotive and commercial vehicle markets worldwide. The company operates through four segments: Electrical/Electronic Architecture, Powertrain Systems, Electronics and Safety, and Thermal Systems. The Electrical/Electronic Architecture segment provides complete design of the vehicle’s electrical architecture, counting connectors, wiring assemblies and harnesses, electrical centers, and hybrid high voltage and safety distribution systems.
Eaton Corp plc (NYSE:ETN), ended its Thursday’s trading session with -0.30% loss, and closed at $67.44.
Eaton Corp plc (ETN) declared a number of senior leadership appointments in anticipation of Chairman and Chief Executive Officer Alexander M. “Sandy” Cutler’s retirement at the end of May 2016. The appointments are the result of the Board’s multi-year succession administration process to continue the evolution of Eaton’s strategy and performance capabilities and to sustain the company’s values-based culture.
Craig Arnold, 55, has been designated president and chief operating officer of Eaton and a member of the board of directors, effective Sept. 1, 2015. Arnold will be designated chairman and chief executive officer of Eaton on June 1, 2016. Cutler, who has been Eaton’s chairman and chief executive officer since August 2000, will retire on May 31, 2016, having reached Eaton’s mandatory CEO retirement age of 65.
Eaton Corporation plc operates as a power administration company worldwide. Its Electrical Products segment offers electrical components, industrial components, residential products, wiring devices, and structural support systems, in addition to single phase power quality, emergency lighting, fire detection, circuit protection, and lighting products. The company’s Electrical Systems and Services segment provides power distribution and assemblies, three phase power quality products, hazardous duty electrical equipment, intrinsically safe explosion-proof instrumentation, utility power distribution products, power reliability equipment, and services.
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