Wabtec Corp. (WAB) agreed to purchase the European rail braking equipment maker POLI S.p.A. for about $80 million to help foster future growth in international markets.

The Wilmerding, Pa., provider of products and services to the rail and transit industry expects the deal to be completed during the third quarter and to add to earnings during the first year.

POLI had annual sales of about $45 million, the company said.

HOUSTON, May 15 (Reuters) - El Paso Corp (EP), a natural gas producer and pipeline company, said on Thursday its 2008 cash flow will top its prior forecast if energy prices remain high.

El Paso’s board of directors also approved $300 million share buyback and raised its annual dividend 25 percent. The dividend will be paid in the 2008 fourth quarter.

Shares of the Houston company’s stock rose to the highest level in nearly six years after the news.

TIN is starting to move upward. Average volume is 2 million plus shares a day, today it was 6,478,089. Also check out the option CALL activity today.

Nice June play on C

Huge open interest in this option call

Motorola continued deterioration in the handset business and the impact it has on the company’s ability to generate cash. “Effecting a turnaround in the near term will remain a challenge for the company in light of their difficulties in developing a broad portfolio of phones including 3G and low-end offerings as well as ongoing changes in Motorola’s senior management ranks. This company will possibly turn this down-turn around with division sell offs and wholesale changes. During this bad phase the stock is cheap and beaten down. This provides an opportunity for stock piling this stock and long term options.

14,600,916
How much money will you be worth?

I like this 25 June call on C.

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Very happy with this Gas stock. I believe we will see steady growth of EP for some time.