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Cooper Industries

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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 weakened from declining demand for hydraulic gear and commercial truck components.Eaton's profit topped analysts' profit estimate and the company affirmed its 2013 profit outlook from January. But the multi-industry conglomerate said weak economic conditions are weighing on several of its businesses, particularly in Europe. Chairman and Chief Executive Alexander Cutler predicted the company's results this year will be "far more dependent upon our execution, then global growth.""It was a slow start [to 2013] and what we would characterize as sluggish global markets," said Mr. Cutler during a conference call Monday with analysts.Eaton expects the end markets it competes in will have overall sales growth of 2% to 3% this year over 2012, with the actual growth rate closer to 2%.Eaton's first-quarter base or core sales, which do n...

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  1. 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...

  2. 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...

  3. 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...

  4. 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...

  5. 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...

  6. 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...

  7. 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....

  8. 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...

  9. Danaher Cooper to Sell Apex Tool to Bain Capital

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

  10. 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...

  11. Kraft Foods, Comcast, Other Stocks Hit 52-Week Highs Friday

    These are the nine most popular stocks that rose to 52-week highs:While trading on below-average volume, Kraft Foods (NASDAQ:KFT) rose today, reaching and then surpa...

  12. Private Sector Adds 163K Jobs in July

    U.S. companies hired more workers than expected in July as the labor market slowly chugged along, but the country's manufacturing sector remained weak last month, da...

  1. 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 ...

  2. 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 ...

  3. 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...

  4. 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...

  5. 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...

  6. 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...

  7. 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...

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