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Stock Market & Financial Investment News

News Breaks
June 27, 2014
07:03 EDTEMREmerson evaluating strategic alternatives for power transmission solutions unit
Emerson announced that it is evaluating strategic alternatives for its Power Transmission Solutions business unit. Emerson continually evaluates the mix and competitive positioning of its businesses to maximize shareholder value, which may include adding or divesting operations. The resulting plans for the business are expected to be determined and announced by the end of the calendar year. Currently part of Emersonís Industrial Automation business, with 2013 revenue of more than $600Mn, the Power Transmission Solutions business is based in Florence, Kentucky and has over 3,000 employees around the world. The business designs and manufacturers market-leading couplings, bearings, conveying components, gearing, drive components, and supporting services and solutions, with brands including Browning, Jaure, Kop-Flex, McGill, Morse, Rollway, SealMaster, and System Plast.
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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