Telephonics Corporation, a wholly owned subsidiary of Griffon
Corporation (NYSE:GFF), announced today that it has received a contract
from the U.S. Foreign Military Sales Office, acting as procuring agent
for the Swedish government.
Tenneco (NYSE: TEN), a leading global supplier of Clean Air
aftertreatment technologies today announced that it has introduced a
complete urea dosing control, fluid handling and catalyst solution for
selective catalytic reduction (SCR) aftertreatment, enabling large
engines to meet EPA Tier IV and IMO Tier III regulations.
TESSCO Technologies Incorporated (NASDAQ:TESS), a leading provider of
solutions required to build, use and maintain wireless systems, today
announced that it has successfully completed a quality management audit
that upgrades its TL 9000 certification to the newest release, 5.5. To
achieve this distinction, aspects of TESSCO's business were audited by
National Quality Assurance, USA, an accredited organization under the
ANSI-ASQ National Accreditation Board.
For comparison, the FDIC said in its quarterly banking profile that the aggregate third-quarter return on assets for all U.S. banks was 1.02% and the return on average equity was 9.04%. The aggregate ratio of noncurrent loans to total loans was 2.11%.
To test reserve adequacy, it is best to compare loan charge-off rates to reserve coverage.
The Coca-Cola Company (NYSE:KO), SABMiller plc (LSE:SAB) (JSE:SABJ) and
Gutsche Family Investments (GFI, majority shareholders in Coca-Cola
Sabco) have agreed to combine the bottling operations of their
non-alcoholic ready-to-drink beverages businesses in Southern and East
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