Tag Archives: ITT

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ITT to Release 2013 First-Quarter Results on May 2

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ITT to Release 2013 First-Quarter Results on May 2

WHITE PLAINS, N.Y.–(BUSINESS WIRE)– ITT Corporation (NYS: ITT) will release its first-quarter 2013 financial results at 7 a.m. EDT, on Thursday, May 2, 2013. At 9 a.m. EDT, senior management will review financial and operating results, comment on current conditions and answer questions during an investor briefing.

The briefing can be accessed live by calling +1 (706) 643-7542 (ID#: 31100304) or at the following address on the company’s website: www.itt.com/investors.

A replay of the briefing will be available on the website and telephonically from two hours after the webcast until Thursday, May 9, 2013, at midnight. The telephone replay is available by calling +1 (800) 585-8367 (ID#: 31100304).


About ITT

ITT is a diversified leading manufacturer of highly engineered critical components and customized technology solutions for the energy, transportation and industrial markets. Building on its heritage of innovation, ITT partners with its customers to deliver enduring solutions to the key industries that underpin our modern way of life. Founded in 1920, ITT is headquartered in White Plains, N.Y., with employees in more than 35 countries and sales in a total of approximately 125 countries. The company generated 2012 revenues of $2.2 billion. For more information, visit www.itt.com.

ITT Corporation
Investors:
Melissa Trombetta, +1 914-641-2030
melissa.trombetta@itt.com
or
Media:
Kathleen Bark, +1 914-641-2103
kathleen.bark@itt.com

KEYWORDS:   United States  North America  New York

INDUSTRY KEYWORDS:

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From: http://www.dailyfinance.com/2013/04/12/itt-to-release-2013-first-quarter-results-on-may-2/

Business, Finance, Occupation & Industry

ITT Showcases Array of Aerospace Solutions at Aircraft Interiors Expo

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ITT Showcases Array of Aerospace Solutions at Aircraft Interiors Expo

Innovative products and solutions meet broad range of customer needs

WHITE PLAINS, N.Y.–(BUSINESS WIRE)– Inside an aircraft cabin, there are a broad range of applications for which ITT has an innovative product or solution. From custom-engineered components that minimize vibrations and noise, to controls for overhead storage bins and passenger seats, to connectors for in-flight entertainment systems, ITT provides an array of technologies that offer its customers quality, performance, reliability and safety.

The company will showcase its capabilities for the aerospace market during Aircraft Interiors Expo 2013, one of the world’s largest events dedicated to this industry. The event, which last year drew almost 8,000 attendees from more than 85 countries, will be held April 9-11 in Hamburg, Germany. ITT will be exhibiting at Booth 5D20.

“As a global diversified industrial company, ITT has a strong presence in the aerospace industry, and we are well-positioned throughout this market with a solid portfolio, strong brand equity and a full global reach,” said Munish Nanda, president of ITT‘s Control Technologies business.

“ITT provides lightweight and reliable products that improve passenger comfort and convenience while at the same time optimizing aircraft manufacturers’ weight objectives and lowering airline fuel costs. As these criteria continue driving new aircraft designs, modifications and upgrades, ITT will continue to enhance our global capabilities for the interior market and equipment segments we serve.”

At the show, ITT will highlight respected brands such as Enidine, which offers seat recline products as well as a wide selection of energy absorption and vibration isolation products that protect cabin interiors from noise and vibration, and Enivate, a seat actuation system that offers quiet and smooth repositioning directed by the passenger. In addition, the company’s Aerospace Controls team designs and manufactures valves, pumps and switches for fluid and environmental systems and utility actuators with applications for improving fuel efficiency and reducing noise.

ITT has components on major aircraft platforms for commercial, military, regional and business jets, and helicopters. A portion of ITT‘s business is focused on supplying aftermarket services for maintenance, repair and overhaul to meet the critical need of airlines to update equipment and keep planes flying safely and efficiently. ITT also provides aftermarket services to global operators for spares, repair and overhaul through a FAA Certified 145 Repair Station.


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Source: FULL ARTICLE at DailyFinance

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Law Offices of Todd M. Garber Announces Lead Plaintiff Deadline in the Class Action Lawsuit Against

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Law Offices of Todd M. Garber Announces Lead Plaintiff Deadline in the Class Action Lawsuit Against ITT Educational Services, Inc.

LOS ANGELES–(BUSINESS WIRE)– The Law Offices of Todd M. Garber announces that shareholders of ITT Educational Services, Inc. (“ITT” or the “Company”) (NYS: ESI) have until May 10, 2013 to move for lead plaintiff status in the shareholder lawsuit filed in the United States District Court for the Southern District of New York. The lawsuit was filed on behalf of a class (the “Class”) comprising all purchasers of ITT common stock between April 22, 2010 and February 25, 2013, inclusive (the “Class Period“).

ITT provides postsecondary degree programs in the United States. The Complaint alleges that during the Class Period the Company and certain of its officers and directors violated federal securities laws by issuing false and misleading statements. On February 22, 2013 ITT announced that the Securities and Exchange Commission was investigating the Company’s involvement in certain private student-loan agreements. According to ITT, the Company had received a subpoena from the SEC on February 8, 2013, along with a letter informing the Company of the investigation. The subpoena issued by the SEC requested documents related to a 2009 loan risk sharing agreement and ITT‘s PEAKS Private Student Loan Program. As a result of this news, ITT stock declined $3.10 per share, or nearly 17%, to close on February 25, 2013 at $15.53 per share on unusually heavy volume.

If you are a member of the above-described Class, you may move the Court no later than May 10, 2013 to serve as lead plaintiff; however, you must meet certain legal requirements. To be a member of the Class you need not take any action at this time. You may retain counsel of your choice or take no action and remain an absent Class member. If you wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Todd M. Garber, Esquire, of the Law Offices of Todd M. Garber, by telephone at 213-700-7262 or by email to info@toddgarberlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Law Offices of Todd M. Garber
Todd M. Garber, Attorney at Law
Los Angeles, …read more

Source: FULL ARTICLE at DailyFinance

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Xerox CIO Carol Zierhoffer Joins MedAssets Board of Directors

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Xerox CIO Carol Zierhoffer Joins MedAssets Board of Directors

ATLANTA–(BUSINESS WIRE)– MedAssets, Inc. (NAS: MDAS) is pleased to announce that Carol J. Zierhoffer has joined the company’s board of directors. Ms. Zierhoffer is vice president and global chief information officer (CIO) for Xerox Corporation. In her new position with MedAssets, she will lead the board of director’s newly established information technology (IT) committee.

“Carol Zierhoffer has an exceptional business and technology background that will serve us well as a strategic advisor,” said John Bardis, MedAssets chairman, president and chief executive officer. “Carol has gained a wealth of experience as a senior leader and strategic business partner with global business enterprises. On behalf of our board of directors, we welcome her to MedAssets and look forward to working together and benefitting from her contributions.”

Ms. Zierhoffer has had a distinguished information technology and services career with a number of market-leading global companies. As global CIO at Xerox, she is responsible for all aspects of IT, including defining strategy and executing a long-term IT plan to support the company’s growth. Prior to that, Ms. Zierhoffer was vice president and global CIO for ITT. From 1988 to 2008, she worked with Northrop Grumman Corporation in various IT leadership positions, most recently as vice president and CIO of the company’s mission systems sector.

Ms. Zierhoffer holds a master’s degree in computer information systems from Bentley University, and a bachelor’s degree in business administration from the University of New Hampshire.

About MedAssets

MedAssets (NAS: MDAS) partners with healthcare providers to improve their financial strength by implementing revenue cycle, spend and clinical resource management solutions that help capture revenue, control cost, improve margins and cash flow, increase regulatory compliance, and optimize operational efficiency. MedAssets serves more than 4,200 hospitals and 122,000 non-acute healthcare providers. The company currently manages more than $50 billion in supply spend and touches over $365 billion in gross patient revenue annually through its revenue cycle solutions. For more information, go to www.medassets.com.

mdas/F

MedAssets
Robert Borchert, 678-248-8194
rborchert@medassets.com

KEYWORDS:   United States  North America  Georgia

INDUSTRY KEYWORDS:

The article Xerox CIO Carol Zierhoffer Joins MedAssets Board of Directors originally …read more
Source: FULL ARTICLE at DailyFinance

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Santarus Announces Publication in Gut of Results from UCERIS (budesonide) European Pivotal Clinical

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Santarus Announces Publication in Gut of Results from UCERIS (budesonide) European Pivotal Clinical Study

UCERIS 9 mg statistically significantly more effective than placebo for inducing remission in patients with active, mild to moderate ulcerative colitis

SAN DIEGO–(BUSINESS WIRE)– Santarus, Inc. (NAS: SNTS) today announced that results from its CORE II clinical study, one of two of the company’s pivotal Phase III clinical studies with UCERIS™ (budesonide) extended release tablets in patients with ulcerative colitis, have been published online in the peer-reviewed journal Gut. The article titled, Once-daily budesonide MMX® in active mild-to-moderate ulcerative colitis: results from the randomized CORE II study can be found online at http://gut.bmj.com/.

The results from CORE II indicate that UCERIS 9 mg had a statistically significant benefit over placebo in the primary endpoint of inducing combined clinical and endoscopic remission at week 8 among patients with active, mild to moderate ulcerative colitis. A total of 410 patients across four treatment groups (placebo, UCERIS 9 mg, UCERIS 6 mg and Entocort EC® 9 mg) were evaluated for efficacy in the CORE II study. The percentage of patients achieving the primary endpoint of combined clinical and endoscopic remission at week 8 in the UCERIS 9 mg group was significantly greater than that seen in the placebo group (17.4% vs. 4.5%, p= 0.0047; odds ratio (OR): 4.49). The U.S. Food and Drug Administration (FDA) approved UCERIS 9 mg for the induction of remission in patients with active, mild to moderate ulcerative colitis on January 14, 2013.

“UCERIS 9 mg looks like a useful treatment option for the induction of remission in patients with active, mild to moderate ulcerative colitis,” said Simon P. L. Travis, M.D., Translational Gastroenterology Unit, John Radcliffe Hospital, Oxford, United Kingdom and lead author of the article in Gut.

Efficacy endpoints were prespecified in the statistical analysis plan to be analyzed in the modified intention to treat (ITT) population (all randomized patients who received at least one dose of study medication, with active histological disease at baseline and no major violations of Good Clinical Practices (GCP) or entry criteria (i.e., infectious colitis)), consistent with the 2008 European Medicines Agency guidelines on clinical trials of active ulcerative colitis. Active disease was determined via a central histopathologist.

UCERIS 9 mg was generally well tolerated and the frequency of treatment emergent adverse events was similar to placebo in the CORE II study. The most frequent treatment …read more
Source: FULL ARTICLE at DailyFinance

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SHAREHOLDER ALERT: Levi & Korsinsky Notifies Investors with Losses on Their Investment in ITT Educat

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SHAREHOLDER ALERT: Levi & Korsinsky Notifies Investors with Losses on Their Investment in ITT Educational Services, Inc. of Class Action Lawsuit and the Deadline of May 10, 2013 to Seek a Lead Plaintiff Position

NEW YORK–(BUSINESS WIRE)– Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of investors who purchased ITT Educational Services, Inc. (“ITT” or the “Company”) (NYS: ESI) stock between April 22, 2010 and February 25, 2013 (the “Class Period“).

For more information, click here:http://zlk.9nl.com/itt-educational-services-esi/.

The complaint alleges that during the Class Period, defendants issued materially false and misleading statements regarding the Company’s business and financial results, and that the Company failed to maintain proper internal controls to ensure that risk-sharing agreements were properly recorded.

On February 22, 2013, ITT filed its Form 10-K with the SEC for its fiscal year ended December 31, 2012, disclosing that the Company was under investigation by the SEC in relation to possible involvement in some private student-loan agreements. ITT also revealed that on February 8, 2013, it had received a subpoena from the SEC requesting documents related to a 2009 loan risk-sharing agreement and ITT‘s PEAKS Private Student Loan Program. Upon this news, ITT‘s stock fell $3.10 per share to close at $15.53 per share on February 25, 2013, a one-day decline of nearly 17% on volume of over 1.7 million shares.

If you suffered a loss in ITT you have until May 10, 2013to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (877) 363-5972, or visit http://zlk.9nl.com/itt-educational-services-esi/.

Levi & Korsinsky is a national firm with offices in New York, New Jersey, and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.

Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street – 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510<br …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Rigrodsky &amp; Long, P.A. Announces A Securities Fraud Class Action Lawsuit Has Been Filed Against ITT

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Rigrodsky & Long, P.A. Announces A Securities Fraud Class Action Lawsuit Has Been Filed Against ITT Educational Services, Inc.

WILMINGTON, Del.–(BUSINESS WIRE)– Rigrodsky & Long, P.A.:

  • Do you, or did you, own shares of ITT Educational Services, Inc. (NYSE: ESI )?
  • Did you purchase your shares before April 22, 2010, or between April 22, 2010 and February 25, 2013, inclusive?
  • Did you lose money in your investment in ITT Educational Services, Inc.?
  • Do you want to discuss your rights?

Rigrodsky & Long, P.A. announces that a complaint has been filed in the United States District Court for the Southern District of New York on behalf of all persons or entities that purchased the common stock of ITT Educational Services, Inc. (“ITT” or the “Company”) (NYSE: ESI) between April 22, 2010 and February 25, 2013, inclusive (the “Class Period“), alleging violations of the Securities Exchange Act of 1934 against the Company and certain of its officers (the “Complaint”).

If you purchased shares of ITT during the Class Period, or purchased shares prior to the Class Period and still hold ITT, and wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact Timothy J. MacFall, Esquire or Peter Allocco of Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, NY at (888) 969-4242, by e-mail to info@rigrodskylong.com, or at: http://www.rigrodskylong.com/investigations/itt-educational-services-inc-esi.

ITT is a leading proprietary provider of postsecondary degree programs in the United States based on revenue and student enrollment. The Complaint alleges that throughout the Class Period, defendants made materially false and misleading statements, and omitted materially adverse facts, about the Company’s business, operations and prospects. Specifically, the Complaint alleges that: (a) the Company failed to properly account for the 2009 loan risk-sharing agreement and its PEAKS Private Student Loan Program (“PEAKS Program”); and (b) the Company failed to maintain …read more
Source: FULL ARTICLE at DailyFinance

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ITT's Interconnect Solutions Business Launches Enhanced Web Site

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ITT’s Interconnect Solutions Business Launches Enhanced Web Site

Site Offers New Look and Features That Improve Usability, Functionality and Performance

WHITE PLAINS, N.Y.–(BUSINESS WIRE)– ITT Corporation (NYS: ITT) today announced that its Interconnect Solutions business has launched an enhanced Web site at www.ittcannon.com that offers its customers and other users a variety of features that improve the usability, functionality and performance of the site.

Features on the Web site include an updated design, the ability to easily search products and part numbers, improved product descriptions and specifications, and a new product catalog library. Other enhancements include the ability to configure part numbers, download select two-dimensional drawings and three-dimensional models, and download data sheets for individual part numbers.

“The Interconnect Solutions team is committed to enhancing our capabilities to better serve our customers, and this Web site is just one example of our continuing efforts to provide a premier customer experience,” said Anh Phan, vice president of marketing for ITT‘s Interconnect Solutions business. “Our goal was to reimagine our site from a customer’s point of view, and we are now offering a fresher, more engaging and user-friendly site that makes it easier for our customers and partners around the world to quickly find the products and information they need.”

ITT‘s Interconnect Solutions business is a global manufacturer and supplier of connectors and interconnects that make it possible to transfer signal and power in an increasingly connected world. Through leading brands such as Cannon, VEAM and BIW Connector Systems, the business serves customers in the energy, transportation and industrial end markets. For more information, visit the Web site at www.ittcannon.com.


About ITT

ITT is a diversified leading manufacturer of highly engineered critical components and customized technology solutions for the energy, transportation and industrial markets. Building on its heritage of innovation, ITT partners with its customers to deliver enduring solutions to the key industries that underpin our modern way of life. Founded in 1920, ITT is headquartered in White Plains, N.Y., with employees in more than 35 countries and sales in a total of approximately 125 countries. The company generated 2012 revenues of $2.2 billion. For more information, visit www.itt.com.

…read more
Source: FULL ARTICLE at DailyFinance