Wednesday, April 7, 2010 as of 11:14 AM ET
Alexander 'Sandy' Cutler is the current chairman and chief executive officer of Eaton Corporation. Previous to this appointment in 2000, he served as Eaton’s president and chief operating officer.
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(ETN) plans to acquire electrical equipment maker Cooper Industries PLC (CBE) in an $11.8 billion cash-and-stock deal that will expand Eaton's power management and electrical products businesses.Cooper shareholders would receive $72 a share in cash and stock, a 29% premium to Friday's closing price. The stock, which has never traded above the offer price, ended Monday's regular trading session up 25% at $69.88 a share.The deal received the backing of both boards, but the tie-up faces approval from shareholders of both companies as well as regulators. Eaton expects the deal to close this fall."The combination of these two businesses creates an enterprise of real size and capability," said Eaton Chairman and Chief Executive Alexander Cutler on conference call Monday. "We've known one another as companies for many, many years. We're all convinced this is a very, very powerful combination."Cutler will led the combined company, which will be called Eaton Global Corp. and incorpo...By Scott Malone and Nick ZieminskiBOSTON/NEW YORK (Reuters) - A pair of top U.S. manufacturers beat Wall Street's profit expectations, as a recovering global economy...
Eaton (NYSE:ETN) revealed on Wednesday a stronger-than-expected 85% improvement in first-quarter profit, led by stronger worldwide demand for electrical and hydrauli...
NEW YORK (Reuters) - Diversified U.S. manufacturer Eaton Corp <ETN.N> posted a higher-than-expected quarterly profit on Wednesday amid a recovery in auto and truck m...
Eaton (NYSE:ETN) chief executive Alexander “Sandy” Cutler saw a 50% salary increase last year on a much higher year-over-year bonus. The Cleveland-based maker of ele...
Eaton Corporation Chairman and CEO Alexander 'Sandy' Cutler on the state of recovery of the global economy and how the company is poised to benefit from the recovery.
Eaton (NYSE:ETN) said Monday it will buy electrical equipment supplier Cooper Industries (NYSE:CBE) for $11.8 billion to grow its power business and further expand i...
DOW JONES NEWSWIRESPaccar Inc.'s (PCAR) first-quarter earnings surged 69% as the heavy-duty truck maker posted sharply higher truck sales revenue in the U.S. and Can...
(This article was originally published Monday.)The U.S. commercial truck market should generate solid growth this year after truck makers align their production with...
Eaton Corp.'s (ETN) first-quarter income rose 8.4%, as higher profit from the company's electrical products business in the U.S. offset lower sales and profit from e...
Eaton Corp. (ETN) raised its 2012 earnings forecast after announcing the acquisition of a hose manufacturer in Turkey.The purchase of Polimer Kau�uk Sanayi ve Pazarl...
By Scott MaloneBOSTON (Reuters) - Memo to Washington from corporate America: unemployment is high, confidence is low and your bickering over the country's debt is th...
Eaton (NYSE:ETN) on Monday posted 49% growth in second-quarter profit that topped Wall Street estimates as sales across its main segments continued to widen, leading...
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