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Stock Market & Financial Investment News

News Breaks
June 18, 2014
16:55 EDTETN, TGIEaton, 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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July 25, 2014
05:20 EDTETNEaton, Shaanxi Fast Gear announce JV agreement
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July 18, 2014
16:46 EDTETNEaton narrows Q2 adjusted EPS view to $1.10-$1.12 from $1.05-$1.15
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July 16, 2014
13:06 EDTTGITriumph Group could rise 25%, Barron's reports
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July 15, 2014
07:26 EDTTGIUBS to hold events at Farnborough Air Show
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07:17 EDTTGIFarnborough International to hold air show
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07:16 EDTTGICredit Suisse events at Farnborough Air Show
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July 14, 2014
15:51 EDTTGITriumph to benefit from Airbus A330neo, says Credit Suisse
Credit Suisse views the re-engining of the A330 platform by Airbus (EADSY) as most beneficial for Triumph Group (TGI) among the airline suppliers that the firm covers. The firm has an Outperform rating and $88 price target on Triumph.

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