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.
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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.
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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.
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U.S. Crude Oil Inventories Edge Modestly Higher
Crude oil inventories in the U.S. saw a modest increase in the week ended November 15th, according to a report released by the Energy Information Administration on Wednesday.
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FTSE 100 Gains Despite Inflation Uptick
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CAC 40 In The Green As War Clouds Fade
The CAC 40 index that tracks the 40 largest French stocks based on the Euronext Paris is trading in green territory as geopolitical concerns surrounding the Russia-Ukraine conflict eased.
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Bay Street May Open On Mixed Note
It's likely to be a mixed start for the Canadian market Wednesday morning, with investors tracking global stocks and following the developments on the geopolitical front.
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Pound Rises As U.K. Inflation Accelerates More Than Forecast
The British pound strengthened against other major currencies in the European session on Wednesday, after U.K. consumer price inflation accelerated more than expected in October, lowering the chances of a rate cut at the upcoming monetary policy meeting in December.
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DAX Rises As War Fears Ease
The DAX benchmark that tracks the performance of the 40 largest companies listed on the Frankfurt Stock Exchange rose on Wednesday, amidst an easing in the tensions between Ukraine and Russia.
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