New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 17, 2013
10:07 EDTEMREmerson awarded contract for control technologies at Nevada solar project
Emerson Process Management, a global business of Emerson, has been awarded a contract to apply its Ovation expert control system at the Crescent Dunes Solar Energy Project near Tonopah, Nev. When it comes online at the end of 2013, this 110-megawatt concentrated solar power project will be the first commercial-scale solar facility in the United States to generate power from solar energy that is captured and stored in liquid molten salt. The project, which is being developed by Tonopah Solar Energy, an affiliate of SolarReserve, is expected to produce enough clean, renewable electricity to power more than 75,000 homes during peak electricity demand, and will be executed by Cobra Thermosolar Plants as engineering, procurement and construction contractor. Cobra Thermosolar Plants awarded the contract to Emerson.
News For EMR From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
April 24, 2015
07:25 EDTEMREmerson discloses three month orders decreased double digits
In a regulatory filing, Emerson disclosed three-month orders down double digits, reflecting the drop in oil prices a global slowdown in capital spending, most notably in energy-related markets, and significant strength in the U.S. dollar, which deducted 7 percentage points through currency translation. The company added, "European markets have recently shown some signs of improvement as a result of the weaker Euro. Underlying orders were down high single digits reflecting slow market conditions in all segments. Underlying sales for the second quarter will be flat compared to prior year, excluding unfavorable currency of 5% and an impact from divestitures of 2 percent. Reported GAAP sales for the second quarter will be down 7%. These results are in line with our commentary from the February orders release. We expect to increase full year restructuring spending to approximately $140M."

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use