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Stock Market & Financial Investment News

News Breaks
June 18, 2014
16:55 EDTTGI, ETNEaton, Triumph Group announce settlement
Power management company Eaton Corporation (ETN) announced Eaton and Triumph Group (TGI) have signed an agreement that completely resolves all litigation issues between them with respect to actions pending in Mississippi and North Carolina. The parties have agreed that Eaton will pay $147.5M as part of the settlement. Other settlement terms are confidential. Eaton filed suit in 2004 in Mississippi against Frisby Aerospace, now a Triumph Group subsidiary known as Triumph Actuation Systems - Clemmons, LLC, alleging trade secret misappropriation. North Carolina-based Frisby Aerospace denied the charges and later filed suit against Eaton in North Carolina and Mississippi, alleging anticompetitive behavior. “We believe it is in the best interests of our shareholders to put this matter behind us,” said Alexander M. Cutler, chairman and CEO of Eaton. “We have been pursuing the return of our information and documents for ten years, and we are pleased the information and documents will be returned as part of the settlement. Both parties are best served by a permanent resolution of the matter.”
News For ETN;TGI From The Last 14 Days
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February 3, 2016
06:41 EDTETNEaton reports Q4 Electrical Products sales $1.7B
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06:40 EDTETNEaton increases three-year restructuring program to $400M
The company announced that it increased its three-year restructuring program, bringing the 2015 through 2017 program to a total cost of $400M, with mature year savings estimated at approximately a similar amount. Expects to continue to deploy the bulk of excess funds to share repurchases, resulting in anticipated repurchases totaling approximately $3B from 2015 through 2018.
06:39 EDTETNEaton sees FY16 operating EPS $4.15-$4.45, consensus $4.24
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06:38 EDTETNEaton sees Q1 operating EPS 80c-90c, consensus 92c
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06:37 EDTETNEaton sees FY16 organic revenue to decline 2%-4%
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06:37 EDTETNEaton reports Q4 organic sales down 4%
06:33 EDTETNEaton reports Q4 operating EPS $1.17, consensus $1.10
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January 28, 2016
06:04 EDTTGITriumph Group sees FY16 revenue $3.9B, consensus $3.92B
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06:04 EDTTGITriumph Group sees Q4 EPS $1.50, consensus $1.53
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06:03 EDTTGITriumph Group reports Q3 adjusted EPS $1.39, consensus $1.38
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