David Farr News
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Emerson Electric Co., a maker of air- conditioner compressors and equipment for power plants and data centers, cut its 2013 profit forecast after a sluggish worldwide economy curbed demand in the first quarter.
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Invensys Plc, the engineering company whose takeover discussions with Emerson Electric Co. broke down last year, is becoming more palatable for acquirers after shedding its railroad division and reducing pension liabilities.
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Chief Executive Officer David Farr is focusing Emerson Electric Co. on four businesses with worldwide growth potential while shrinking his most profitable unit: the maker of wet-dry vacuums and InSinkErator disposals.
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Emerson Electric Co. Chief Executive Officer David Farr wants to boost growth at his air- conditioner compressor unit by helping keep the world’s food supply from spoiling.
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Republican presidential candidate Rick Santorum says he doesn’t believe the U.S. government should pick the economy’s “winners and losers.”
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The audience gasps when two towering bookcases shudder and collide, sending 1,000 volumes tumbling precipitously to the stage below.
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The following companies’ shares may have unusual moves in European trading. Stock symbols are in parentheses and prices are from the last close.
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The U.S. jobless rate unexpectedly fell in January to the lowest level in 21 months, while payroll growth was depressed by winter storms.
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ABB Ltd. , the world’s biggest supplier of power grids, agreed to buy Chloride Group Plc for 864 million pounds ($1.3 billion) in cash, setting up a potential bidding clash with Emerson Electric Co .
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Emerson Electric Co. , whose bid for power-equipment maker Chloride Group Plc was topped by ABB Ltd., faces a likely July deadline for deciding whether to sweeten an offer for the company it’s been trying to buy since 2008.
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