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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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February 24, 2015
09:18 EDTEMREmerson says concerned with strong dollar, decline in oil prices
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09:17 EDTEMREmerson reports orders fell 10%-5% in 3 month period end January
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09:16 EDTEMREmerson negative order growth not a surprise, says Wells Fargo
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February 19, 2015
09:46 EDTEMREmerson targeting 2014-2019 adjusted EPS CAGR of 8%-10%
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09:44 EDTEMREmerson says well positioned in mid- and downstream to help offset low oil price
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09:40 EDTEMREmerson sees FY15 adjusted EPS $3.80-$3.90, consensus $3.80
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