Financials

The week’s business headlines

Window maker PGT sees gains in first days of trading
In the fourth day of trading for PGT Inc. of North Venice, Fla., shares sat 2 percent above the previous close and up more than 15 percent from the initial offering.
PGT went public June 28 with an initial public offering of about 8.8 million shares of common stock priced to the public at $14 per share…read more

Diamond Triumph goes full service
Prompted by an increasingly difficult auto-glass market, officials from Diamond Triumph Auto Glass Inc. of Kingston, Pa., took major steps last week to transform the company into a full-service glass operation, starting with the name…read more

Solutia Europe secures $256 million loan
Solutia Europe, a subsidiary of Solutia Inc. in St. Louis, received a fully underwritten commitment from Citigroup Global Markets Ltd. in New York City for a $256 million loan…read more

Agency downgrades Shanghai Yaohua Pilkington
Analysts from Xinhua Far East China Ratings downgraded Shanghai Yaohua Pilkington’s issuer credit rating from A+ to BBB…read more

Ford offers buyout option to Nashville glass plant workers
Officials from Ford Motor Co. of Dearborn, Mich., gave about 650 hourly glass workers a June 30 deadline to decide on a buyout deal…read more

 

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