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Court orders ex-owner of Tougher Industries to pay business partners

ALBANY — The former owner of Tougher Industries has lost the first of several federal court cases related to the near demise of the heating and air conditioning company.

In Albany on Monday, U.S. District Court Senior Judge Lawrence Kahn ordered Steven Shaw to pay $100,000 plus interest to the three business partners from whom he bought Tougher in 2005. The judge also directed Shaw to deliver at least $1.65 million to a surety as collateral for certain bonding obligations.

In November 2006 — about three weeks after Tougher filed for Chapter 11 reorganization in U.S. Bankruptcy Court in Albany — Richard Abramo, Robert Brown and John Tomassetti sued Shaw over breach of contract allegations.

Shaw and the trio of investors acquired the downtown Albany HVAC company — once one of the largest in the Northeast, with more than 200 employees — from PSEG Energy Technologies in 2003.


Outlook roundup: NeuStar, Diebold

STERLING, Va. (AP) -- NeuStar Inc., a provider of clearinghouse services for communications companies, said Wednesday it expects to earn at least $1.29 per share during 2008, short of analyst expectations.

NORTH CANTON, Ohio (AP) -- Diebold Inc. will cut 5 percent of its work force as part of a plan to save $100 million, the maker of ATMs and voting machines said Wednesday.

NEW YORK (AP) -- Apparel maker Polo Ralph Lauren Corp. on Wednesday raised fiscal 2008 earnings predictions due to a lower tax rate.

DALLAS (AP) -- Lennox International Inc., a supplier of heating, ventilation and air conditioning products, maintained its 2008 adjusted earnings outlook Wednesday.

HARTSVILLE, S.C. (AP) -- packaging products maker Sonoco Products Co. on Wednesday forecast first-quarter earnings below Wall Street expectations.


Mitsubishi Electric HVAC Advanced Products Division Joins U.S. Green ...

Mitsubishi Electric HVAC Advanced Products Division has become a manufacturer member of the U.S. Green Building Council (USGBC), marking the companys commitment to the effective use of energy through the development of environmentally responsible air-conditioning and heating products and technology.

Joining the USGBC is a key step in advancing our mission to develop reliable, energy effective products, says Lorie Quillin-Bell, director of marketing, Mitsubishi Electric HVAC. With increasing energy costs and heightened concern regarding environmental impact, we are committed to making our Mr. Slim and CITY MULTI systems even more energy effective and cost efficient.

Mitsubishi Electrics proprietary INVERTER-driven compressor is highly responsive and efficient.


Grace of Giving: Friends of Hospice eases final days for uninsured

James Holland had a terrible decision to make.

The 63-year-old could receive radiation treatment for cancer that had spread from his lungs to his brain, and perhaps live another four months. "But it wouldn't be a good four months," said his sister, Jacqualyn Watson.

Or he could go home to die in perhaps two months, but without the strain of further treatment.

Holland, a retired heating and air conditioning technician, chose to receive hospice, or end-of-life care, at home. But he had no insurance to pay for it.

Yet the day he returned home, a nurse showed up. She talked with him and gauged his needs, entering it all into a laptop computer. The next day, Sept. 19, a hospital bed and wheelchair arrived.

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Moro buys N.Y. HVAC company

Moro Corp. said Monday that it bought J&J Heating and Cooling.

Moro of Wayne, Pa., said Vestal, N.Y.-based J&J operates in the Binghamton, N.Y., area., serving homes and commercial buildings.

In addition to heating, ventilating and air conditioning work, Moro makes concrete reinforcing steel and sheet metal and distributes steel and construction accessories.

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Window AC: Cooling the Atmosphere!

Window air conditioner is becoming one of the basic need of humans. This is one luxury item everyone wants to lay their hands on.

In today's scenario, where in we have a profusion of technologies and brands, choosing your air conditioning system should not be very difficult. Living life king-size is what everybody wants, luxury is all we dream about, but what if the scorching sun in mid May is making your life miserable. Well, to avoid this we depend heavily on the air conditioning system. AC is no more a status symbol now-a-days; rather it has evolved as a necessity.

The term air conditioning most commonly refers to the cooling and de-humidification of indoor air for thermal comfort. In simpler terms, it is a machine used for cooling, heating and ventilation.


 
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