Oshkosh Corp News
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U.S. government spending on contracts fell 3.1 percent last year, the biggest one-year decline since 1997, according to a Bloomberg Government study.
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The two-star general’s new home came with granite countertops, hardwood floors, stainless appliances and high expectations. It was a gift to the U.S. Army from the taxpayers of Huntsville, Alabama.
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Oshkosh Corp., the U.S. military’s biggest supplier of heavy-duty trucks, rose the most in more than three years after reporting first-quarter profit that beat analysts’ estimates.
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The United Arab Emirates said it will spend $1.4 billion on jeeps, unmanned aircraft and missiles, and plans further defense deals as Persian Gulf countries bolster their armies.
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An effort by the official partners’ committee of Dewey & LeBoeuf LLP to compel appointment of an examiner was “for an improper purpose as a litigation tactic,” a bankruptcy judge said Oct. 9 in approving a $71.5 million settlement with former partners. Two days later, the firm filed papers asking the judge to disband the official partners’ committee.
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Billionaire activist investor Carl Icahn said he will drop his offer to buy Oshkosh Corp. if less than 25 percent of shares are tendered by next week.
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Billionaire activist investor Carl Icahn dropped his bid to buy Oshkosh Corp. after failing to receive enough shareholder support. The stock declined as much as 5.6 percent in morning trading.
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Oshkosh Corp., the U.S. military’s biggest supplier of blast-resistant trucks, rose the most in almost three years after reporting third-quarter profit that beat analysts’ estimates and raising its full-year forecast.
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Oshkosh Corp. said billionaire activist investor Carl Icahn selected “a slate of friends” for nomination to its board of directors.
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Carl Icahn, the billionaire activist investor, offered to buy Oshkosh Corp. for about $3 billion, saying management of the military vehicles supplier has failed to deliver on pledges to improve profitability.
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