Ingersoll-Rand CEO Michael Lamach discusses how his company benefits from the housing market, and activist investor Nelson Peltz's plans to spin-off the security business.» Read More
Some of the names on the move ahead of the open.
Dec 10- Diversified manufacturer Ingersoll-Rand Plc said it will spin off its security division and announced a $2 billion share buyback following shareholder pressure to unlock value. The company, whose main business is heating and cooling systems, also raised its quarterly dividend to 21 cents per share.
CNBC's Kayla Tausche reports Ingersoll-Rand is preparing to spin off its security technology business, and to boost its buyback and dividend.
*McDonald's shares rise on November sales. NEW YORK, Dec 10- U.S. stocks rose on Monday, aided by gains in McDonald's and technology stocks, but moves remained muted as investors looked for any signs of movement on the "fiscal cliff" front.
Ingersoll-Rand confirmed on Monday that it is to spin off its security technology business and announced a $2 billion share buyback.
Warren Buffett's Berkshire Hathaway has eliminated almost all of its stakes in Johnson & Johnson and General Electric.
NEW YORK, Oct 24- A leading indicator of U.S. construction activity jumped last month, led by demand for new apartment buildings, suggesting U.S. builders and their suppliers may see more work in coming months.
NEW YORK-- Ingersoll-Rand PLC said Friday its third-quarter net income more than tripled, helped by easy comparisons to a prior-year quarter hurt by charges related to the sale of a business.
Investment bank Credit Suisse raises its rating on the advertising agency sector and hotels sector to "benchmark" from "underweight," arguing that the stocks in these sectors could benefit from a rise in U.S. consumer spending. However, the outlook is far less strong in Europe, " Credit Suisse strategists write in a note.
--We are affirming our' A-' long-term and' A-2' short-term corporate ratings on Tyco and wholly owned finance subsidiary Tyco International Finance S.A.. Rating Action On Oct. 3, 2012, Standard& Poor's Ratings Services affirmed its' A-' long-term and' A-2' short-term corporate ratings on Tyco and wholly owned finance subsidiary Tyco International Finance S.A..
CNBC's David Faber reports shareholder activism is on the rise and Nelson Peltz is taking a seat on the board at Ingersoll-Rand.
Earnings trend continues: Most companies beat, but revenues are light. It happened again today with General Electric and Ingersoll Rand: Both beat on the bottom line, both are a bit light on the topline.
If you’re looking for earnings that can generate derivative trades, the Fast Money traders say there are two reports you can’t miss.
Jim Cramer’s researcher, Nicole Urken, takes a look at some pockets of value creation in this unpredictable market.
Billionaire investor Nelson Peltz has unveiled a 7.3 percent stake in Ingersoll-Rand.
Nelson Peltz's Trian Fund adds stakes in Ingersoll-Rand, U.S. Oil Fund and other names, reports CNBC's Brian Sullivan.
Take a look at some of Wednesday's morning movers:
Jim Cramer’s researcher, Nicole Urken, takes a look at the read from industrials that suggests we're moving into later cycle categories.
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