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Stock Market & Financial Investment News

News Breaks
February 5, 2013
14:44 EDTEMREmerson CEO Farr: Recent order trends suggest market conditions stabilizing
On Emerson's (EMR) Q1 earnings conference call, CEO David Farr said, "The pockets of growth our businesses captured were encouraging even though the level of total investment in our end markets continues to be slow. Recent order trends suggest market conditions have stabilized and may be poised for improvement, particularly in the emerging markets. Business investment remains slow and cautious globally, particularly in Europe, but there have been indications of thawing demand in certain markets." Despite the tenuous economic environment, the company expects to be on pace for record financial performance in 2013, with most of the gains coming in the first half of the year. Asia is expected to gain order growth momentum in the second quarter, especially in China and India. Also, steady demand in the near term from the continued recovery of residential end markets in U.S. is expected to drive profits. Management says the balance sheet remains strong and the near term outlook looks solid, supported by energy end market strength and a high backlog. Overall, the company says its cost structure remains well-positioned for continued sluggish demand for industrial capital goods in the near term.
News For EMR From The Last 14 Days
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June 30, 2015
09:26 EDTEMROn The Fly: Pre-market Movers
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07:22 EDTEMREmerson Electric volatility low into plans to spin off Network Power unit
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06:38 EDTEMREmerson to host investor conference call
Conference call to discuss portfolio repositioning will be held on June 30 at 9 am. Webcast Link
06:01 EDTEMREmerson plans to spin off Network Power business, explore strategic actions
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June 29, 2015
10:11 EDTEMREmerson to buy Spectronix Ltd. for nearly $100M, Globes reports
Emerson Electric is set to buy Spectronix Ltd., an Israeli company which develops fire detection systems, for $99M, Globes reports. The purchase price consists of $79M in cash and $20M that will be distributed to investors as a dividend. Reference Link
June 26, 2015
09:46 EDTEMREmerson estimates lowered on negative May orders at Morgan Stanley
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June 22, 2015
08:17 EDTEMRMcKesson appoints Kathy McElliogott as EVP, CIO, CTO
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