Eaton Completes Acquisition Of 49% Stake In Jiangsu Ryan Electrical
(RTTNews) - Intelligent power management company Eaton Corp. (ETN) announced Monday it has completed the acquisition of a 49% stake in Jiangsu Ryan Electrical Co. Ltd., a manufacturer of power distribution and sub-transmission transformers in China with revenues of approximately $100 million in 2022.
Jiangsu Ryan Electrical Co. Ltd. is located in Nantong, Jiangsu, China. The company is focused on dry-type transformers, a sizeable and growing market amid the rapidly expanding renewable energy base and increasing electricity consumption around the world.
read more
Eaton Boosts FY24 Outlook - Update
While reporting its financial results for the first quarter on Tuesday, power management company Eaton Corp plc (ETN) provided financial guidance for the second quarter and raised outlook for the full-year 2024.
RTTNews
|
37 days ago
Eaton Guides Q1, FY23 Adj. EPS Well Below Estimates - Update
While reporting its financial results for the fourth quarter on Wednesday, power management company Eaton Corp plc (ETN) provided adjusted earnings guidance for the first quarter and full-year 2023, well below analysts' estimates.
RTTNews
|
484 days ago
Canadian Market Modestly Higher In Cautious Trade
Canadian shares are turning in a mixed performance on Thursday with investors digesting the rate cut moves by the Bank of Canada and the European Central Bank, in addition to the latest batch of economic data from Canada and the U.S.
RTTNews
|
4h 46min ago
U.S. Labor Productivity, Costs Increase Less Than Previously Estimated In Q1
Revised data released by the Labor Department on Thursday showed U.S. labor productivity increased by slightly less than previously estimated in the first quarter of 2024. Unit labor costs also jumped by less than previously estimated during the quarter.
RTTNews
|
6h 21min ago
Maplebear Board Approves $500 Mln Share Repurchase Program
Delivery company Maplebear, Inc. (CART) revealed Thursday in a form 8-K filed with the U.S. Securities and Exchange Commission that its Board of Directors have approved a share repurchase program with authorization to purchase up to an aggregate of $500 million of the Company's common stock. The Share Repurchase Program has no expiration date.
RTTNews
|
6h 22min ago
U.S. Trade Deficit Widens To Largest Since October 2022
With the value of imports jumping by much more than the value of exports, the Commerce Department released a report on Thursday showing the U.S. trade deficit widened significantly in the month of April. The Commerce Department said the trade deficit surged to $74.6 billion in April from a downwardly revised $68.6 billion in March.
RTTNews
|
6h 26min ago
U.S. Jobless Claims Rise More Than Expected To 229,000
A day ahead of the release of the more closely watched monthly jobs report, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits rose by more than expected in the week ended June 1st. The Labor Department said initial jobless claims climbed to 229,000, an increase of 8,000 from the previous week's revised level of 221,000.
RTTNews
|
6h 34min ago
Nvidia Hits $3 Trln Market Cap, Overtakes Apple
Nvidia Corp. has breached the $3 trillion mark in valuation, becoming the second most valuable company in the U.S. Market overtaking tech giant Apple Inc on Wednesday. The artificial intelligence or AI chipmaker is gaining on the surging demand for AI chips worldwide.
RTTNews
|
6h 40min ago
