ELECTRONIC DATA SYSTEMS CORP., Plano, Tex., the computer-services company, won a 10-year, $426 million contract to manage computer and networking systems for York International, York, Pa., a maker of heaters and air-conditioners.
The maker of electric heaters promised seven-and-a-half-hour days.
DESA INTERNATIONAL INC., Bowling Green, Ky., a maker of space heaters and security equipment, filed for Chapter 11 bankruptcy protection and said it planned to sell the company by late September and continue operating with the same workers.
Another pick: A.O. Smith (AOS, $41), maker of water heaters and industrial components, sells for 15 times 1998 estimated earnings.
Steel has also demanded that Noritz, a maker of water-heaters in which it has a 20% stake, should replace its management and buy back shares.
The A. O. Smith Corporation, a leading maker of commercial water heaters, cut its profit forecasts yesterday for the third quarter and 2003, setting off a 14percentt decline in its share price.
The A. O. Smith Corporation, the No. 1 United States maker of commercial water heaters, said yesterday that it would sell its storage and fluid handling technologies unit to exit the fiberglass-pipe and storage-tank businesses.
The maker of vacuums, fans, heaters, hand dryers, robots and more announced today that it would be spending a total of $2.35 billion across a UK tech campus, expansion of its manufacturing efforts, investment in British universities to foster talent, and $1.56 billion in new specific tech development projects.
The prime minister spoke to reporters after touring the South Geelong factory of Backwell IXL, maker of the IXL range of bathroom heaters.
"He has a huge house, all kinds of heaters.
