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Terex’s Wilmington production facility to close

By pcooper on  From worldconstructionnetwork.com
Print Email Published: 10-Feb-2012 Terex Cranes has announced it will close its Wilmington plant operations over the next few months despite recovering demand in the North American market. Since Terex acquired the 51,933m2 Wilmington facility in 1998 from industrial crane manufacturer American Crane, it has manufactured crawler cranes and tower cranes at the plant. The move comes despite increased optimism within the North American crane market, as the industry...Read Full Story

Terex receives EU clearance to buy Demag Cranes AG

By pcooper on  From worldconstructionnetwork.com
Print Email Published: 10-Feb-2012 Terex has announced that the European Commission, the EU body responsible for enforcing competition law, has approved its merger with Demag Cranes AG. The purchase offer will go ahead next week. Nearly a year since merger speculation began with rumours of an approach from Konecranes, Terex announced on 1st July, that it had achieved minimum conditions for the acquisition after securing an agreement to purchase at least 51% of shares...Read Full Story

Terex takes 67% of Demag Cranes AG shares

By pcooper on  From worldconstructionnetwork.com
Print Email Published: 10-Feb-2012 Terex has announced that it has acquired enough shares of Demag Cranes AG to complete its bid for the company. With 67% of shares of the industrial and port crane manufacturer, the US-owned crane builder has achieved the minimum acceptance level for the deal, which will now be subject to regulatory approval. On Friday, Terex announced it had met the minimum conditions of the deal, which required it to purchase at least 51% of Demag...Read Full Story

Bardonaro appointed Terex global sales

By pcooper on  From worldconstructionnetwork.com
Print Email Published: 09-Feb-2012 Frank Bardonaro, who joined crane builder Terex late last year from US rental leader AmQuip, has been promoted from managing director of Terex Cranes North America to managing director of global crane sales. Bardonaro built a considerable profile within the rental industry as CEO of AmQuip, which he joined from Maxim in 2002, and as a vocal advocate for the rental industry within the US rental association, the SC&RA.; He is...Read Full Story

Bigge sells Standfast’s TRAM

By pcooper on  From worldconstructionnetwork.com
Print Email Published: 08-Feb-2012 Safety equipment provider Standfast has sealed a deal with rental firm Bigge, who will sell and install its Travel Restraint Access Module (TRAM) fall restraint system for North American cranes. Standfast’s TRAM is a movable total restraint system preventing workers from falling from the top of telescopic and lattice boom cranes, overhead cranes, gantry and tower cranes. The TRAM design consists of a waist-level handhold that moves...Read Full Story
RALEIGH, N.C.-Lawyers for John Edwards on Friday issued statements that said the hundreds of thousands of dollars in expenditures incurred last year by the campaign committee of the former presidential candidate were above board. The statements were issued ...  
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An article at the link below reports that the John Edwards presidential campaign committee is still spending. Edwards faces charges that he used $925,000 in campaign funds to cover up an affair with blonde divorcee Rielle Hunter shown in photo...  
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RALEIGH, N.C. (AP) -- A lawyer for John Edwards is defending his campaign's 2011 spending, saying the expenses were related to last year's criminal probe of the former presidential candidate and a federal audit. Patricia A. Fiori said none of the $836,712 ...  
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Andrew Young, a former aide to one-time presidential candidate John Edwards, is scheduled to be back in court Monday to answer allegations that he, along with his wife and attorneys, violated a protective order sealing information in a civil lawsuit filed by Edwards' former mistress, Rielle Hunter.  
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Former presidential hopeful John Edwards, 58, reunited with mistress Rielle Hunter, 47, and their soon-to-be 4-year-old daughter Quinn on Wednesday (January 11). Reportedly, the pair are set for a secret wedding in an attempt to keep Edwards out ...  
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Just one year after his wife Elizabeth Edwards passed away following a difficult battle with cancer, John Edwards has asked his mistress Rielle Hunter to move into his home The National Enquirer has exclusively reported. -- As the ENQUIRER previously reported, Rielle dumped John just days before he was indicted, even though he begged her to marry him. A source said she refused because she “thought that John’s marriage proposal was just another...  
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Today: The former North Carolina senator has reportedly asked Rielle Hunter to move in to his North Carolina mansion, Pippa Middleton's romantic life chronicled, and Michael Kors made himself $100 million this week. Courtney Love might be getting evicted ...  
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He didn't appear to have any outward signs of illness ... He had long denied the girl, Frances Quinn Hunter, was his, even after he admitted cheating on his wife with the child's mother, Rielle Hunter. Hunter had been hired before Edwards' 2008 White ...  
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Courtney Love might be getting evicted from the West Village townhouse she's renting, just because the landlord is accusing her of "owing $54,000 in rent, redecorating the Steven Gambrel-designed interior without permission and setting the place on fire."  
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The couple had separated that year, shortly after Edwards admitted that he had fathered a daughter with Rielle Hunter, who was hired to make documentary videos for his campaign for the 2008 Democratic presidential nomination. CNN's Michael ...  
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