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Emerson Electric Co (EMR.N)

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28 Jun 2016
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Wed, Jun 22 2016

BRIEF-Emerson Electric says May trailing three-month orders decreased 5 pct

* Expects to increase restructuring expenses to approximately $90-100 million for fiscal 2016

UPDATE 1-Wolong, Nidec seen as buyers of Emerson unit Leroy Somer

PARIS, June 3 China's Wolong Electric , Japan's Nidec and other Asian firms are seen as possible buyers of U.S. automation equipment maker Emerson Electric's alternator unit Leroy Somer, two sources with knowledge of the situation told Reuters.

Wolong, Nidec seen as buyers of Emerson unit Leroy Somer

PARIS, June 3 China's Wolong Electric , Japan's Nidec and other Asian firms are seen as possible buyers of U.S. automation equipment maker Emerson Electric's alternator unit Leroy Somer, two sources with knowledge of the situation told Reuters.

BRIEF-Emerson Electric CEO says process for sale or spin-off of Network Power business "well underway" - Conf call

* For Network Power business, options of sale and spin-off are still "on the table", process is "well underway" - conf call

BRIEF-Emerson reports Q2 earnings per share $0.57

* Reaffirms FY 2016 adjusted earnings per share view $3.05 to $3.25 excluding items

Emerson launches sale of Motors and Drives unit - sources

FRANKFURT/LONDON, April 20 Emerson Electric is launching the sale of its Motors and Drives unit, which could be valued at up to $800 million, as the U.S. group focuses on divisions including heating and air conditioning, according to people with knowledge of the plans.

Siemens approaches Emerson over network power: sources

NEW YORK/FRANKFURT Siemens AG has approached Emerson Electric Co to explore buying the network power business that the U.S. factory automation equipment maker is looking to shed for as much as $4 billion, people familiar with the matter said.

UPDATE 2-Siemens approaches Emerson over network power -sources

* Siemens could combine network power with power distribution

Emerson Electric's profit hit by strong dollar, oil slump

Emerson Electric Co , a maker of factory automation equipment, reported a lower first-quarter profit, hurt by a strong dollar and a drop in oil prices that curtailed spending by customers in the energy industry.

UPDATE 1-Emerson Electric's profit hit by strong dollar, oil slump

Feb 2 Emerson Electric Co, a maker of factory automation equipment, reported a lower first-quarter profit, hurt by a strong dollar and a drop in oil prices that curtailed spending by customers in the energy industry.

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