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Stock Market & Financial Investment News

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January 13, 2014
07:18 EDTJCIJohnson Controls CEO won't drop auto seats business, WSJ reports
Johnson Controls has spent over $1B on acquisitions since 2011 to fend off rivals and remain the world's biggest supplier of seats to major auto makers. Yet its lackluster performance has prompted calls from Wall Street to dump the seat business, reports the Wall Street Journal. But new CEO Alex Molinaroli has dismissed calls to leave the business, insisting he won't abandon what he believes is a best-in-class operation.Reference Link
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