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Company News
Revenue, Income Increases at RTI International
Thursday, May 03, 2012PITTSBURGH -- RTI International Metals Inc. released results today for the first quarter ending March 31. First-quarter year-over-year revenue and backlog increased 35% and 60%, respectively, compared with the first quarter of 2011. This reflects growth in RTI’s aerospace, defense and medical device markets, the company said.
Highlights of RTI’s first quarter results for include:
Stoneridge Nets $5.9M for First Quarter
Thursday, May 03, 2012WARREN, Ohio -- Stoneridge Inc. reports first-quarter net income of $5.9 million, or 22 cents per diluted share. This compares with net income of $2.9 million, or 12 cents per diluted share, for the first quarter of 2011.
Chesapeake CEO Ran $200M Hedge Fund on the Side
Wednesday, May 02, 2012YOUNGSTOWN, Ohio -- The Reuters news service today published another special report questioning the actions and possible conflicts of interest involving the CEO of Chesapeake Energy Corp., Aubrey McClendon. According to the news story (CLICK HERE TO READ).
Chesapeake Energy Loses $71M in First Quarter
Wednesday, May 02, 2012YOUNGSTOWN, Ohio – A combination of depressed natural gas prices and a $167 million loss attributed to its hedging program led Chesapeake Energy Corp. to report a $71 million net loss for the quarter ending March 31, the company announced after the close of the markets Tuesday.
Cruze Sales Drop Nearly 28% in April
Wednesday, May 02, 2012DETROIT – Deliveries of the Chevrolet Cruze were down 27.6% in April from a year earlier, General Motors Co. disclosed in its monthly results Tuesday.
GM dealers last month took delivery on 18,205 units of the Lordstown, Ohio-produced vehicle, compared with 25,160 in April 2010. Year-to-date, deliveries are on par with 2011. For the first four months of 2012, GM delivered 75,288 Cruzes to dealers, down slightly from 75,365 during the same period a year earlier.