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Stock Market & Financial Investment News

News Breaks
June 23, 2014
08:01 EDTETN, MTOREaton, Meritor announce settlement of litigation
Power management company Eaton (ETN) announced it has signed a settlement agreement with ZF Meritor LLC, a joint venture between a Meritor (MTOR) subsidiary and ZF Friedrichshafen AG, and Meritor Transmission Corporation that completely resolves the antitrust lawsuit pending in the United States District Court, District of Delaware. The parties have agreed that Eaton will pay ZF Meritor LLC $500M as part of the settlement.
News For ETN;MTOR From The Last 14 Days
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April 6, 2015
07:30 EDTETNJPMorgan still sees elevated truck production in 2015
JPMorgan notes Class 8 truck orders for March dropped 9% year-over-year to 25,100 units, a number that impacts Navistar (NAV), PACCAR (PCAR), Cummins (CMI), Allison Transmission (ALSN) and Eaton (ETN). The firm said Thursday that despite the weaker orders for March, investors should continue to have confidence that production will remain elevated in 2015.

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