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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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December 17, 2014
10:02 EDTEMROn The Fly: Analyst Downgrade Summary
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07:45 EDTEMR, EMREmerson downgraded to Underperform from Outperform at CLSA
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December 15, 2014
12:37 EDTEMROn The Fly: Midday Wrap
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07:43 EDTEMRRegal-Beloit to host conference call
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07:05 EDTEMREmerson to sell Power Transmission Solutions unit to Regal-Beloit for $1.44B
Emerson (EMR) announced that it has agreed to sell its Power Transmission Solutions business unit to Regal Beloit Corporation (RBC). The transaction is valued at $1.44B, representing cash proceeds of $1.4B plus assumption of certain postretirement liabilities, and is expected to close in the first calendar quarter of 2015, subject to regulatory approvals. Proceeds will be used for incremental share repurchase in fiscal 2015.
07:03 EDTEMRRegal-Beloit to acquire Emerson PTS business for about $1.4B
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07:01 EDTEMRRegal-Beloit to acquire Emerson PTS business for about $1.4B
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December 14, 2014
14:11 EDTEMREmerson near deal to sell business unit to Regal-Beloit, WSJ says
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December 12, 2014
09:33 EDTEMREmerson downgraded to Hold from Buy at Deutsche Bank
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