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Stock Market & Financial Investment News

News Breaks
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
News For JCI From The Last 14 Days
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August 25, 2014
17:16 EDTJCIJohnson Controls, others awarded $2.5B government contract
Johnson Controls, Evergreen Fire Alarms, and exp Federal, were awarded a $2.5B combined firm-fixed-price contract for procurement and installation of utility monitoring and control and similar systems. Other contracts may be awarded under this solicitation. Funding and work location will be determined with each order. The estimated completion date is Aug. 21, 2019.
August 21, 2014
07:29 EDTJCIJohnson Controls coverage resumed with a Buy at Stifel
Target $58.

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