| Trane Reports 2007 Record Results, Provides 2008 Outlook
PISCATAWAY, N.J., Jan. 29 /PRNewswire-FirstCall/ -- Trane Inc. (NYSE: TT) today announced fourth-quarter income from continuing operations (Trane Air Conditioning Systems and Services) of 32 cents per diluted share, down from 36 cents a year ago. Fourth-quarter 2006 results included a benefit of 10 cents related primarily to the sale of some operations in Australia and tax items. Adjusted income from continuing operations was 33 cents per diluted share, up 27 percent from 26 cents a year ago. Adjusted income excluded various costs and benefits that are detailed in the financial charts that follow this text. Sales from continuing operations were $1.82 billion, up 14.2 percent (up 11.9 percent in local currencies). Both the company's former Vehicle Control Systems (WABCO) and Bath and Kitchen segments are classified as discontinued operations.
Ontario hands $3.6M to Eastern Ontario hospitals
The Ontario government is giving hospitals in Eastern Ontario $3.6 million for building improvements.
The money is part of $36 million the government is handing out to hospitals across the province to replace roofs and windows, upgrade heating, air conditioning, repalce back-up generators and improve other things like fire alarms. Of the six hospitals in Ottawa, five will share $1.6 million for various upgrades and improvements. The Royal Ottawa Healthcare Group, which includes the Royal Ottawa Mental Health Centre, gets no money because its maintenance and upgrades are funded through a different program. The Ottawa Hospital, which is the largest in the region, will get $764,445 and hospital president Dr. Jack Kitts said the money will help "strengthen our infrastructure" and improve patient care.
Budget or splurge?
Is your wallet more blue than flush with green these days? It seems many of us don't feel so affluent anymore. Whether it's from credit card debt, an escalating mortgage, or a long-overdue raise, finding finances are tight. And one of the first things to get axed from the budget is often a vacation.
A spate of time away from home provides us perspective, rest, renewal and family (or spousal) bonding -- essential tools in the game of life. But with the dollar shrinking in value against many world currencies, the cost of a foreign vacation has increased dramatically.
One solution: the Caribbean and related Atlantic getaways. Although we're headed toward the region's high season (mid-December through mid-April), most islands have maintained value against the U.S.
Mitchell suspect held until February 27
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