| Trane Reports 2007 Record Results, Provides 2008 Outlook
PISCATAWAY, N.J., Jan. 29 /PRNewswire-FirstCall/ -- Trane Inc. (NYSE: TT) today announced fourth-quarter income from continuing operations (Trane Air Conditioning Systems and Services) of 32 cents per diluted share, down from 36 cents a year ago. Fourth-quarter 2006 results included a benefit of 10 cents related primarily to the sale of some operations in Australia and tax items. Adjusted income from continuing operations was 33 cents per diluted share, up 27 percent from 26 cents a year ago. Adjusted income excluded various costs and benefits that are detailed in the financial charts that follow this text. Sales from continuing operations were $1.82 billion, up 14.2 percent (up 11.9 percent in local currencies). Both the company's former Vehicle Control Systems (WABCO) and Bath and Kitchen segments are classified as discontinued operations.
American Standard finishes year with Trane ride
It has been anything but a standard year for American Standard. The Piscataway-based company completed the sale of its renowned bath and kitchen business and spun off its vehicle-control systems operation to focus solely on its more-profitable air-conditioning and heating systems. And Wednesday, it completed its three-way business split by announcing its name change to Trane, to identify with its popular HVAC brand. "Everyone has been clearly focused on the separation plan, and we're in the final stages," company spokesman Skip Colcord said. It was February when American Standard Chief Executive Officer Fred Poses announced that the company, which employs about 1,450 in New Jersey, would separate into three units in the hopes of creating greater shareholder value for its varied operations.
It's all about location; Even in slump, still big differences in bang ...
It might seem an easy choice. Buy the well-maintained house with seven relatively small rooms, a one-car garage, a cramped yard, red cedar siding that looks pretty good after 50 years and nearly 1,600 square feet of living space. Or the buy the brand-new home with eight soaring, high-ceilinged rooms, a view of a golf course, a two-car garage, central air conditioning, closets the size of small rooms and 2,260 square feet of living space. Of course, the prices vary. The first house — despite its smaller size and age — actually costs more than the second. It's on the market now for nearly $560,000. The second house, which includes a gleaming, modern kitchen, might seem like an incredible bargain at $525,000. So what gives? The new house is part of the Strongwater Crossing development in Salem.
Ontario hands $3.6M to Eastern Ontario hospitals
The Ontario government is giving hospitals in Eastern Ontario $3.6 million for building improvements.
The money is part of $36 million the government is handing out to hospitals across the province to replace roofs and windows, upgrade heating, air conditioning, repalce back-up generators and improve other things like fire alarms. Of the six hospitals in Ottawa, five will share $1.6 million for various upgrades and improvements. The Royal Ottawa Healthcare Group, which includes the Royal Ottawa Mental Health Centre, gets no money because its maintenance and upgrades are funded through a different program. The Ottawa Hospital, which is the largest in the region, will get $764,445 and hospital president Dr. Jack Kitts said the money will help "strengthen our infrastructure" and improve patient care.
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