Ingersoll-Rand Hops a Trane
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The two firms' impending combination could create a dull but dedicated company.
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In-row cooling systems are taking off. Here's why.
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The industrial conglomerate agreed on Monday to buy Trane, the air-conditioning company that is the successor to American Standard, for $10.1 billion.
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This coming week could mark the beginning of a brave new world for individual investors as the New York Stock Exchange and Euronext NV move closer to forming the first trans-Atlantic stock market.
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Diversified manufacturer Ingersoll-Rand Co Ltd.  said on Wednesday that shareholders approved a motion calling for an annual shareholder vote to ratify the pay packages awarded to its top officers.
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Merrill Lynch (MER:NYSE - news - research), despite a checkered history in the energy sector, is jumping back in with its acquisition of the energy-trading business of Entergy-Koch.
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European equity markets have advanced after Wall Street's Dow Jones shares index hit an overnight record on plunging energy prices, but the aerospace sector flew into turbulence, dealers said.
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Steel juggernaut debuts on the NYSE.
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European stock markets were rebounding, with big gains for French electricity group EDF, German airline Lufthansa and British caterer Compass.
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With the cold winter months setting in  and overseas manufacturers continuing to drive the price of  power higher, initial public offerings from two energy  companies this week seem fortuitously timed.
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With the cold winter months setting in and overseas manufacturers continuing to drive the price of power higher, initial public offerings from two energy companies this week seem fortuitously timed.
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NEW YORK: Ingersoll-Rand has agreed to sell its Dresser-Rand energy equipment business to private equity firm First Reserve, which specialises in the energy industry, for $1.
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Diversified manufacturer Ingersoll-Rand Co Ltd  said on Monday it would buy Trane Inc , a maker of heating and air conditioning systems, for about $9.56 billion in cash and stock.
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A public share swap offer by Eurotunnel has been a success, the French financial market regulator said on Friday, allowing the troubled Channel Tunnel operator to create a new less-indebted group and avoid liquidation.
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By JIM LEVY  The traditional North Country link between muck and brass does not yet apply to Preston-based TEG Environmental. But the City believes its remarkable composting technology will soon be bringing home the profits for shareholders.
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Norsk Hydro (NYSE:NHY)'s announcement that it is to merge its oil and gas business with that of fellow Norwegian group Statoil (NYSE:STO) helped send European equity markets higher on Monday, in spite of downside pressure from bank and technology stocks.
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Thomson (Euronext Paris: 18453) (NYSE: TMS) was honored for  outstanding technology transfer in the private sector today at IPTEC  2007, the annual international conference for intellectual property  licensing professionals held in Cannes, France.