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Cooper Industries

Obama Orders Higher Fuel Standards for Trucks

President Barack Obama on Tuesday directed federal agencies to develop higher fuel standards for medium-sized and heavy trucks, another step in his efforts to slash oil consumption and carbon emissions blamed for global warming.Obama made the announcement in Upper Marlboro, Maryland, about 20 miles from Washington, at a distribution center for Safeway grocery stores, next to a trucking rig that had been redesigned to increase fuel economy."Everybody who says you can't grow the economy while bringing down pollution, it's turned out they've been wrong," Obama said.Automakers are already working to nearly double the average fuel economy of new U.S. cars and light trucks to 54.5 miles per gallon by 2025, under rules that took effect in 2012.The administration will now direct the Environmental Protection Agency and the U.S. Department of Transportation to develop new rules for medium- and heavy-duty vehicle fuel efficiency by March 2016, with a draft due a year before that.EPA chief Gina Mc...

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  1. Midday Market Report: 11/27/12

    Fiscal cliff worries change dividend schedule

  2. MARKET TALK: Dollar General Up, But Has More To Gain - Citi

    10:17 EST - Dollar General (DG) up 1% to $49.78 ahead of its being added to the S&P 500 now that member Cooper Industries (CBE) is being bought by Eaton (ETN). The p...

  3. EU Clears Eaton Bid to Buy Cooper Industries

    U.S. Eaton Corp. (ETN) won EU approval Friday for its proposed $11.8 billion purchase of electrical products maker Cooper Industries PLC's (CBE).The European Commiss...

  4. Companies Flood Bond Market With $15 Billion Worth of Debt

    Industrial equipment maker Eaton Corp. (ETN) issued $4.9 billion worth of debt in a five-part sale Wednesday, leading one of the busiest new issuance sessions of the...

  5. Eaton profit falls 5 percent, misses Wall Street estimates

    U.S. manufacturer Eaton Corp reported lower-than-expected quarterly profit on Wednesday, as weaker results in units that supply auto, plane and truck industries offs...

  6. Eaton Posts Lower Quarterly Profit And Sales

    Eaton Corp. reported third-quarter net income of $345 million, or $1.02 a share, down from $365 million, or $1.07 a share, earned in the same period for 2011. Quater...

  7. Firm dollar, weak Europe crimp U.S. industrials' sales

    Four top U.S. manufacturers, including General Electric Co and Honeywell International Corp , reported weaker-than-expected sales on Friday, in a fresh warning to in...

  8. Firm dollar, weaker Europe crimp industrials' sales

    A common theme emerged Friday as U.S. multinational manufacturers delivered a mixed bag of earnings results: Sales were stung by a robust U.S. dollar, and weaker gro...

  9. Cooper Industries Profit Rises 18%

    Cooper Industries on Friday said its third-quarter profit rose to $188.4 million, or $1.16 a share, from $160.2 million, or 98 cents a share, in the year-ago period....

  10. Cooper Industries Cuts Dividend Ahead of Merger with Eaton

    Cooper Industries PLC (CBE) cut its dividend by 32% ahead of Eaton Corp.'s (ETN) planned $11.8 billion acquisition of the electrical products maker.Cooper trimmed it...

  11. Danaher Cooper to Sell Apex Tool to Bain Capital

    FBN's Lori Rothman breaks down late-morning market news.

  12. Bain Capital Scoops Up Apex Tools JV for $1.6B

    Cooper Industries (NYSE:CBE) and Danaher (NYSE:DHR) revealed an agreement on Wednesday to sell their Apex Tool Group joint venture to private-equity firm Bain Capita...

  1. Eaton 1st-Quarter Net Up 22% on Cooper Acquisition

    Eaton Corp.'s (ETN) first-quarter earnings rose 22% with the help of its Cooper Industries acquisition, but the company's base sales without the benefit of Cooper we...

  2. Eaton Net Up 22% on Acquisition

    Driven by its monster acquisition of Cooper Industries, Eaton (NYSE:ETN) said Monday that its first-quarter sales and earnings skyrocketed to record levels, however ...

  3. Eaton 1st-Quarter Net Up 22% on Acquisition; Sales Miss Street View

    Eaton Corp.'s (ETN) first-quarter earnings rose 22% with the help of its Cooper Industries acquisition, but revenue growth fell short of Wall Street views as global ...

  4. Eaton CEO's 2012 Compensation Up 50% On Tax Benefit From Cooper Deal

    Eaton Corp. PLC. (ETN) reported Friday that Chairman and Chief Executive Alexander Cutler's 2012 compensation increased 50% as a result of an $11.4 million tax benef...

  5. U.S. HOT STOCKS: Zynga, Take-Two, Shutterfly Active in Late Trading

    U.S. stocks closed higher Tuesday, as the Dow Jones Industrial Average recently added 99 points to 13979, the Standard & Poor's rose 1% to 1511, and the Nasdaq Compo...

  6. Eaton Corp. 4th-Quarter Net Falls 51%; Upbeat about Cooper Acquisition

    Sharply lower demand from manufacturers for construction machinery and commercial trucks drove Eaton Corp.'s (ETN) fourth-quarter profit down 51%, increasing the pre...

  7. Eaton Corp. 4th-Quarter Net Falls 51%; Gives Downbeat 1st-Quarter View

    Eaton Corp.'s (ETN) fourth-quarter earnings fell 51% as weaker international electrical sales and acquisition costs masked the power-management-systems maker's impro...

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