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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.
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July 25, 2014
10:13 EDTEMRBel Fuse closes acquisition of connectivity solutions business from Emerson
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07:19 EDTEMREmerson reports June orders up 5%
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