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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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October 29, 2014
10:00 EDTEMROn The Fly: Analyst Downgrade Summary
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05:32 EDTEMREmerson downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo downgraded Emerson to Market Perform citing expectations for modest earnings growth in FY15. The firm lowered its price target range for shares to $63-$65 from $69-$73.
October 22, 2014
08:23 EDTEMREmerson sees 2015 underlying sales growth ex-currency up slightly from 2014
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08:22 EDTEMREmerson reports orders growth of 5% for three months end September
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