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Emerson expects worse result in third quarter
2015-06-22 14:37:47| Electronics - Topix.net
Emerson said Monday it expects third-quarter sales to decrease 11 percent compared with the prior-year period, as a drop in oil prices, a global slowdown in capital spending and strength in the U.S. dollar affect its bottom line. Emerson said orders in all its segments would be down up to 20 percent for March, April and May. Process Management, Industrial Automation and Network Power are to be the hardest hit, Emerson said.
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Berkshire Hathaway becomes Heinz majority shareholder; PPG expects...
2015-06-19 10:12:46| Chemicals - Topix.net
Pittsburgh's H.J. Heinz Co said Warren Buffett's Berkshire Hathaway Inc. has become its majority shareholder by exercising a warrant ahead of the ketchup maker's planned merger with Northfield, Ill.-based Kraft Foods Group Inc. In a regulatory filing, Heinz said Berkshire exercised a warrant to acquire about 46.2 million shares for nearly $462,000 this week. Heinz said the shares represent about 5.4 percent of its outstanding common stock, and that their issuance gives Berkshire a 52.5 percent overall stake.
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Berkshire Hathaway becomes Heinz majority shareholder; PPG expects...
2015-06-19 06:43:26| Food - Topix.net
Pittsburgh's H.J. Heinz Co said Warren Buffett's Berkshire Hathaway Inc. has become its majority shareholder by exercising a warrant ahead of the ketchup maker's planned merger with Northfield, Ill.-based Kraft Foods Group Inc. In a regulatory filing, Heinz said Berkshire exercised a warrant to acquire about 46.2 million shares for nearly $462,000 this week. Heinz said the shares represent about 5.4 percent of its outstanding common stock, and that their issuance gives Berkshire a 52.5 percent overall stake.
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CNRL president expects 'reasonable' NDP changes, but uncertainty remains
2015-06-17 22:00:26| Oil & Gas - Topix.net
The president of one of Canada's biggest oil and gas producers says he doesn't believe Alberta's NDP government is out to hurt the industry and is assuming new burdens will be reasonable. But Steve Laut, with Canadian Natural Resources Ltd. , says when it comes to royalty and regulatory changes, there's a high risk of getting it wrong, especially when many issues are being dealt with at once.
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CNRL president expects 'reasonable' NDP changes, but uncertainty remains
2015-06-17 21:55:13| Energy - Topix.net
The president of one of Canada's biggest oil and gas producers says he doesn't believe Alberta's NDP government is out to hurt the industry and is assuming new burdens will be reasonable. But Steve Laut, with Canadian Natural Resources Ltd. , says when it comes to royalty and regulatory changes, there's a high risk of getting it wrong, especially when many issues are being dealt with at once.
Tags: president
remains
reasonable
uncertainty
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