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The article presents the author's opinion on political and economic topics as of October 1, 1979. The author focuses on a conclusion made by the U.S. Joint Economic Committee of Congress concerning the recession in the U.S. Attention is paid to the acquisition of U.S. industrial automation solutions provider Reliance Electric Co. by U.S. petroleum company Exxon and the decision of the U.S. Federal Trade Commission Exxon not to distribute Reliance's energy-saving device.

ACCUMULATORS (MELT) Activation, Inc., GA (D) Anderson Associates Service Parts, LLC, CT Blow Moulding Parts & Systems Inc., ON (D) Davis-Standard LLC, CT# General Plastex, Inc., OH Glycon Corp., MI [...]

ACCUMULATORS (MELT) Activation, Inc., GA (D) Anderson Associates Service Parts, LLC, CT Blow Moulding Parts & Systems Inc., ON (D) Davis-Standard LLC, CT Genera] Plastex, Inc., OH Glycon Corp., MI# [...]

ACCUMULATORS (MELT) Activation, Inc., GA (D) Blow Moulding Parts & Systems Inc., ON (D) Davis-Standard Corp., CT (D) General Plastex, Inc., OH ** Glycon Corp., MI Hycon, Inc., NH Hydac [...]

The article features Cleveland, Ohio-based firm Reliance Electric Co., which has acquired Illinois-based cable and wire splicing equipment manufacturer Reliable Electric Co. for 48 million dollars in early March 1977. The acquisition is part of the realization of the vision of Reliance Electric president B. Charles Ames to enter the 1.5 billion dollar telecommunications industry. In 1973, the company also bought Lorain Products Corp. for 30 million dollars worth of stock.

The article discusses the increased acquisitions of mining companies by oil producers in the U.S. It examines how the two industries are more compatible than other nonfuel operations oil companies have acquired. It details the failure of Mobil Oil Corp. to manage Marcor Inc., a container company. It shows how the 1979 acquisition of Reliance Electric Co. by Exxon and its entrance into information and office systems market proved to be losing enterprises.

The article deals with a scandal being faced by Exxon Corp. related to its purchase of Cleveland, Ohio's Reliance Electric Co. in 1979. Exxon has been charged by Reliance of installing defective electrical equipment in 10 percent of all homes built or renovated over the past decade. According to a suit filed by Reliance against its subsidiary, Federal Pacific Electric Co., Federal Pacific employed defective electrical equipment in circuit breakers.

The article reports on the diversification strategy of Exxon Corp. to inject large amounts of its cash into businesses with a brighter future than oil. The U.S. company, under the leadership of chairman Clifton C. Garvin Jr., has put a 1.2 billion U.S. dollar bid for Cleveland, Ohio-based Reliance Electric Co. The company also established Exxon Enterprises Inc., which manufacturers and markets telecopiers and other office equipment.

The article discusses the development of the Alternating Current Synthesizer motor between 1979 and March 30, 1981. The author describes efforts by motor companies including Exxon Corp., Reliance Electric Co.'s Drives Group, and General Electric (GE). Topics mentioned include the U.S. Federal Trade Commission's objects to a merger of Exxon and Reliance, Reliance chairman B. Charles Ames, and other synthesizer motors produced by motor and oil companies such as GE, Borg-Warner, and Mobil Corp.

The article analyzes the financial problems faced by Reliance Electric Co. as the company ignored the needs of the markets and consumers and focused only on the quality of its products. The company, as reported, is in the final phases of reorganizing and restructuring its business operation towards customer centric approach. The company's vice president of industrial drives Lewis J. Carr says that, he and his colleagues were disappointed because of the opportunities they missed.

The article presents news on the materials handling industry in the U.S. The Midwest regional distribution center of Dick's Sporting Goods Inc. has been expanded in Plainfield, Indiana. A definitive agreement has been signed by Baldor Electric Co. to acquire the Reliance Electric Co. and some of its affiliated companies. A project will track cargo container shipments of Heineken beer from Europe to the U.S.

The article comments on the stock repurchasing decision of the U.S.-based petroleum company, Exxon Corp. It initially paid $1.2 billion for Reliance Electric Co. and rather than buying into other investments, it chose to purchase 121.6 million of its own shares or about 14 percent of shares outstanding. The buyback has kept Exxon's earnings per share growing more rapidly than net income and its stock.

This section offers business-related news briefs in the U.S. as of June 1979. The board of Reliance Electric will meet in June to vote on a bid from the oil company Exxon. The proponents of the idea of a U.S. constitutional amendment mandating a balanced federal budget have about given up hope of assembling 34 states for a national convention in 1979. The Council for Financial Aid to Education lists University of California, Harvard University and Stanford University as top donee universities.

The article reports on the visit of 400 workers of Reliance Electric Co. at the industrial plant of Joy Manufacturing Co. in Franklin, Pennsylvania. It states that Reliance Electric develops explosion-proof electric motors for Joy Manufacturing. According to Robert W. Rogers, manager of the motor plant of Reliance Electric and organizer of the workers' visit, the performance of workers improve when they know about the end product.

The article focuses on the announcement from oil company Exxon Corp. that it has developed a new electric energy technology that could save 1 million barrel of oil per day in the U.S. It states that the device is a boxlike alternating current synthesizer that can be constructed into new machines or suited quickly to existing electric motors. It notes that the device uses microprocessors technology to allows electrical current to be modulated and changed to vary it from the fixed norm. Furthermore, the company plans to buy Reliance Electric Co.

This section offers news briefs on business enterprises in the U.S. Exxon Corp. has acquired Reliance Electric Co. valued at 1.2 billion U.S. dollars. Cross & Trecker Corp. officials would resist the Justice Department's effort to dissolve the merger of Cross Co. and Kearney & Trecker Corp. Gulf Oil Corp. will spend around 120 million U.S. dollars to purchase shares of Amalgamated Bonanza Petroleum Ltd.

This section offers news briefs pertaining to business, including the decision of the U.S. District Court in Washington to stall Exxon Corp.'s plan to acquire Reliance Electric Co., the Nigerian government's plan expropriate all of British Petroleum Co.'s Nigerian crude oil interests, and the acquisition of Flintkote Co. by a group of investors organized by New York City-based investment firm Kohlberg, Kravis, Roberts & Co.

The article reports on the 1.2 billion U.S. dollar takeover bid of Exxon Corp. for Reliance Electric Co. Reliance president B. Charles Ames believes that a takeover by Exxon will help his company boost its market share in industrial electric motors and related products. A neutral stance has been taken by Ames about whether Reliance shareholders will accept Exxon's bid.

The article presents updates related to finance as of June 25, 1979, including plans by Exxon Corp. to acquire Reliance Electric Co. for 1.2 billion U.S. dollars, a tender offer of 20 U.S. dollars per share from Paccar Inc. for Harnischfeger Corp., and an option received by Ashland Oil Inc. to purchase more than 3 million shares of NLT Corp.

The article focuses on the sale and acquisition plans of UV Industries Inc. chairman Martin Horwitz for the company in 1979. He has decided to sell Federal Pacific Electric Co. to Reliance Electric Co. for 345 million dollars in cash on December 18, 1978. UV is said to be capable of extinguishing 50 million dollars in convertible debt. There are speculations that the chairman will opt to use a reduced version of the firm as a way to enter into a large acquisition deal.

The article reports the decision by oil firm Exxon as of early February 1987 to sell Reliance Electric Co. to a group in a 1.35 billion dollar leveraged buyout following several years of disappointing financial performance.

The article reports that oil company Exxon Corp. has postponed the launch of its alternating current synthesizer, a device it unveiled in 1979 and cited as its reason for buying Reliance Electric Co., explaining that the device is too expensive and unreliable.

Reports on the possibility of Rockwell International's acquisition of Reliance Electric. Potential effect of the acquisition on Rockwell's business profile; Financial analyst Cai von Rumohr's forecast for Rockwell's stock.

A letter to the editor is presented in response to the article about the earnings of Reliance Electric Co. in the November 15, 1971 issue.

The article presents an outlook for the U.S. securities market for 1970. It discusses the downward trend in business in 1969, an improvement in the bond market, and the possibility of a readjustment in the stock-price structure. It is opined that the weakness in the individual issue price is part of a cycle of changing issue preferences, and 1970 will be a transition year marked with many changes. It predicts a rise in the sales of Reliance Electric Co., which has increased its product base.

The article features electronic equipment manufacturer Reliance Electric Co. as of March 15, 1967. Background is presented on the company's business operations including its expansion into selling automation equipment and services. The increase in company's revenue driven by its software sales following company president Hugh D. Luke's reinvention of Reliance Electric as an automation vendor is highlighted. Luke's desire to keep his company independent is also highlighted.

Brochure features the Reliance Electric Sabre motor line. It includes color photographs and a diagram labeling notable features. In addition, detailed product information helps explain features and benefits. Sabre rolled [...]

Reliance Electric will lay off 83 workers at its 590-employee Engineered Motor Plant at Kings Mountain, OH, as part of a restructuring of the automation group of Rockwell International Corp. There is a possibility that employees to be laid off could be called back to work within 12 months, according to a Rockwell Automation spokesman. The job cuts in the automation group are expected to affect all in all 3,000 employees within 10 months. The restructuring has led to the consolidation of management of Rockwell's Reliance Electric brand motors and Dodge brand mechanical power transmission products.

The article focuses on the third-generation Heavy Expanded Mobility Tactical Truck from Oshkosh Truck Corp. in the U.S. The truck features Oshkosh's ProPulse, a hybrid-electric drive system that makes use of copper rotors for the ac induction motors developed by Copper Development Association Inc. and delivered under the copper-Based Casting Technology (C-BCT) program. Its electric motors were manufactured by Reliance Electric Co.

The article reports on the intent of Baldor Electric Co. to acquire Reliance Electric Co. and other affiliated companies from Rockwell Automation Inc. in the U.S. Accordingly, the acquisition transaction has been expected to close in the first quarter of 2007 for an amount of $1.8 billion. Moreover, the said move will make the company increase its market share and will add about $1 billion in terms of sales.

The article features the Dodge concentric speed reducers by the Reliance Electric Co., in Greenville, South Carolina. A team effort in developing the design techniques gave way to an integrated team approach. The team's goal is to create a line of concentric speed reducers with the best cost versus torque value in the industry.

Reports on the completion of acquisitions for 15 reverse leveraged buyouts (LBO) from late 1993 through late 1994. Includes the acquisition of HCA-Hospital Corporation by Columbia Health Care Corporation and Reliance Electric Company by General Signal Corporation; Ranges of acquisitions in the health care industry.

Baldor Electric Co. has blown a gasket over legal bills in a California lawsuit. The Fort Smith electric motor company has sued the insurance carrier, Northwestern National Insurance Co., to [...]

Reports that Rockwell International has reached a definitive agreement with Reliance Electric to acquire that company for $1.6 billion in cash.

After Fort Smith lost more than 1,000 manufacturing jobs last year, Baldor Electric Co. is now preparing to add jobs to the area. Baldor will add 100 jobs to its [...]