Transtex LLC and Transtex Composite Inc. (together Transtex) announced it has filed a patent infringement lawsuit against WABCO Holdings and Laydon Composites in the U.S. District Court for the Eastern District of Texas, Marshall Division on June 30.
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...Read the rest of this storyInland Truck Parts & Service announced it is expanding its reach into Louisiana through its recent acquisition of Consolidated Truck Parts and Service of Shreveport. According to the company, this location has 10 years of history servicing and selling quality truck parts in the northern Louisiana area.
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The fund, which owns about $3.3 billion of P&G's stock, urged shareholders to vote for Peltz at the company's shareholder meeting, citing his track record of working with managements to turn around consumer companies. In a bid to boost profits even as sales remain stagnant, P&G has sold unprofitable brands, including 41 beauty brands to Coty Inc , and focused on core brands such as Tide, Pampers and Gillette. Trian said in the filing it was launching the proxy fight because of P&G's continuing underperformance and the lack of tangible evidence that the company had embraced initiatives discussed at various meetings between the parties.
Rubicon Global announced partnerships with Fuelman and TAC Energy to provide fuel discounts for independent haulers and truckers across North America. The Fuelman and TAC Energy discounts are new additions to the expanding RubiconPro buying program and are available immediately.
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...Read the rest of this storyThe Government Accountability Office just issued a scathing report on the Federal Motor Carrier Safety Administration's information technology systems, its ability to effectively use budgetary funds, and to meet users' needs. It also illustrated the difficulties of not having top leadership positions filled.
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...Read the rest of this storyGold prices rise on Monday morning after China second quarter GDP and retail sales figures for June were released above analysts expectations. U.S. inflation data raised concerns whether the Federal Reserve will raise its interest rates for a third time this year; as a result, gold prices climbed to two-week high on Friday. Gold is trading at 1230.25, +0.19%. Technical … Continue reading Gold Daily Analysis – July 17, 2017
