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CBO Editorial Staff

  • Resources

    United Rentals Expands Specialty Rental Operations in Texas and the Northeast

    GREENWICH, Conn. (April 3, 2012) — United Rentals, Inc. (NYSE: URI) today announced the expansion of its specialty branch network with the opening of two locations in the northeastern United States and one in Texas. The company’s new branch in Manchester, N.H., is part of United Rentals Trench Safety, the largest network of its kind in North America. New locations in Elmwood Park, N.J., and Corpus Christi, Texas, focus on temporary power and HVAC equipment for the construction and industrial markets. United Rentals Power & HVAC is a growing presence within the company’s scope of equipment rental expertise. Paul McDonnell, senior vice president – operations, trench safety, power and HVAC, said, “We are continuing to invest in our position as the leading single-source provider of...

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  • Resources

    U.S. Chamber’s Capital Markets Summit Calls for Improved Financial Regulations

    Nearly 300 Business, Government, and Academic Leaders Examine Results of Dodd-Frank Report Card At the 6th Annual Capital Markets Summit held March 28, 2012, U.S. Chamber of Commerce President and CEO Thomas J. Donohue warned that America’s competitiveness in a global economy hangs in the balance as the nation works to modernize its financial regulatory system. Nearly 300 business, government, and academic leaders gathered at the Chamber to discuss the current status of Dodd-Frank implementation and other regulatory efforts. “Dodd-Frank is the most expansive, complex, and intrusive financial regulation bill in history,” said Donohue. “Its implementation has a long way to go and it must be done in a way that enhances, not impedes, economic growth.” As regulators finalize the rules most likely to impact...

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  • Resources

    AIA Announces Support for International Green Construction Code

    Washington, D.C. (March 27, 2012) – The American Institute of Architects (AIA) announced its support for the International Green Construction Code (IgCC), a new model code expected to help conserve energy in both commercial buildings and residential structures while providing direction for safe and sustainable building design and construction. The International Code Council (ICC) will publish the IgCC tomorrow, March 28. “The IgCC is a tool that, when adopted nationwide by states and communities, will create a path for the United States to follow in cutting energy use in one of its biggest energy consumers – commercial buildings,” said AIA President Jeff Potter, FAIA. “Now that the IgCC is final, American architects can use the Green Code to help the U.S. lead the way in...

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  • Resources

    Felling Trailers Employees Participate in Minnesota Food Share’s March Campaign

    SAUK CENTRE, MINNESOTA) –During the month of March, employees at Felling Trailers filled the “original” Felling Trailer with food and collected money for the Sauk Centre Food Shelf as part of Minnesota Food Share’s March Campaign. A total of 116 pounds of food and $250.00 was donated through Felling Trailers’ first annual Minnesota Food Share March Campaign.  The “original” Felling trailer has historical significance for the company. Merle J. Felling, the company’s Founder/President/CEO has always had an interest in making trailers. While living on the family farm, he made his first trailer when he was 10 years old to haul rock and hay bales to the barn. The metal came from a hay loader and the wheels came from a horse mower. As a surprise...

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  • Resources

    UniTek Amends Pinnacle Wireless Earn-Out Agreement to Limit Share Issuance

    BLUE BELL, Pa., (April 3, 2012) – UniTek Global Services, Inc. (Nasdaq:UNTK), a premier provider of permanently outsourced infrastructure services to the wireless and wireline telecommunications, public safety, broadband cable and satellite television industries, today announced that it has reached an agreement with the shareholders of Pinnacle Wireless, Inc. to amend the March 30,2011 Asset Purchase Agreement pursuant to which UniTek purchased substantially all of the assets of Pinnacle Wireless. While the amendment does not change the economic terms of the transaction, it limits the total number of UniTek common shares that can be issued under the agreement to 3,029,856, equal to 19.99% of the shares of UniTek common stock outstanding on the date of the Asset Purchase Agreement. As a result, the maximum number...

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  • Resources

    \t\t Edwin Charnaud Appointed Chairman of Marsh’s Infrastructure Practice

    NEW YORK, NY (April 2, 2012) – Marsh announced the appointment of Edwin Charnaud as Chairman of its Global Infrastructure Practice. Mr. Charnaud will be responsibEdwin Charnaudle for the strategic development of Marsh’s Global Infrastructure Practice, which provides risk-based, analytical, and transactional support to infrastructure clients worldwide. Reporting to Jim Pierce, Chairman, Global Industries, he will continue to be based in London. Mr. Charnaud will retain his current responsibilities as Leader of Marsh’s Private Equity and Mergers & Acquisitions (PEMA) Practice in Europe, the Middle East, and Africa (EMEA). He will also retain his position as a non-executive director on the board of Kessler & Co. AG in Switzerland. Commenting on Mr. Charnaud’s new role, Mr. Pierce said: “Edwin has developed an incisive understanding of...

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  • Resources

    Terex Equipment Services Relocates and Expands Colorado Location

    REDMOND, WASH. (March 29, 2012) – In celebration of its grand opening, Terex Equipment Services (TES) is announced that it has relocated its Commerce City location to a new site in Aurora, Colo., according to the Association of Equipment Distributors (AED). The move significantly expands the square footage from 5,400 sq ft  to 31,500 sq ft. “Our customers are increasingly expressing a need for repair and maintenance work performed by experts,”  said Siva Balakrishnan, Terex Aerial Work Platforms Vice President and General Manager, Global Services. “This expansion is integral to the Company’s value proposition of continuing growth and delivering value-added services for customers in the Rocky Mountain region.” The facility will cater to all customers with service needs of Genie® aerial equipment, Terex® utility equipment...

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  • Resources

    Construction Employment Rises in 30 States & D.C. Between Feb. 2011 & 2012

    (March 30, 2012) – The Associated General Contractors of America (AGC) reports that construction employment rose in 30 states and the District of Columbia between February 2011 and February 2012, while 18 states lost construction jobs and two held steady—the best net positive showing for state construction employment since January 2007, according to an analysis by the Associated General Contractors of America of Labor Department data. Twenty-nine states and D.C. added construction jobs between January and February, while 21 states had decreases for the month. “The number of states with year-over-year construction job gains keeps rising, which is very encouraging,” said Ken Simonson, the association’s chief economist. “But the industry is still struggling in too many states to declare that construction is in full recovery.”...

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  • Resources

    International Used Truck Centers Launch ‘Get Used to International” Prostar Maxxforce Sweepstakes

    LISLE, Ill. (March 28, 2012) – International® Used Truck Centers recently announced its “Get Used to International” ProStar® MaxxForce® Sweepstakes and will offer as the grand prize a 2010 International® ProStar® used truck powered by a MaxxForce® 13 engine. Participants will also have the opportunity to win weekly prizes of $250 VISA® Award Cards. The sweepstakes launched in conjunction with last week’s Mid-America Trucking Show in Louisville, Kentucky. Complete details on the sweepstakes, eligibility and instructions on how to enter are available at www.internationalusedtrucks.com. “This sweepstakes offers our nationwide network of 17 International Used Truck Centers the opportunity to connect to their customers and prospects in a fun way,” says Thomas Schmitt, marketing manager, Used Truck Organization. “We’ll conclude the sweepstakes during the Great American...

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