Relational Investors will be winding down its operations and dissolving its $6 billion portfolio of funds by the end of the year.» Read More
Oct 28- Timken Co, a maker of ball bearings and gearboxes, reported a better-than expected rise in quarterly revenue, driven mainly by higher sales in its process industries business. Net sales rose 7.7 percent to $788 million in the third quarter ended Sept. 30, beating the average analyst estimate of $783.1 million, according to Thomson Reuters I/B/E/S.
Oct 28- Timken Co, a maker of ball bearings and gearboxes, reported a quarterly loss, hurt by a charge related to the restructuring of its aerospace unit. The net loss attributable to the company was $14.8 million, or 16 cents per share, in the third quarter ended Sept. 30 compared with net income of $52.2 million, or 54 cents per share, a year earlier.
July 31- Timken Co reported a lower-than-expected quarterly profit, hurt by a fall in demand for its ball bearings and power transmission components from the automotive and mining industries. Net income attributable to Timken fell to $62.7 million, or 68 cents per share, for the second quarter ended June 30, from $82.8 million, or 86 cents per share, a year earlier.
July 30- Timken Co reported a 24 percent drop in quarterly profit, partly hurt by lower demand for its ball bearings and power transmission components from the automotive and mining industry. Net income attributable to Timken fell to $62.7 million, or 68 cents per share, for the second quarter ended June 30 from $82.8 million, or 86 cents per share, a year earlier.
July 15- Hewlett-Packard Co interim Chairman and activist investor Ralph Whitworth will step down on Wednesday to focus on his health, the latest top-level departure from the computer maker as it struggles to return to consistent growth.
July 15- Hewlett-Packard Co interim chairman and activist investor Ralph Whitworth will step down on Wednesday to focus on his health, the latest top-level departure from the computer maker as it struggles to return to consistent growth.
NEW YORK, June 26- Activist investment firm Relational Investors LLC has amassed a roughly 8.5 percent stake in Manitowoc Co Inc and is urging the crane and food equipment company to break itself up, according to people familiar with the matter.
June 19- Ball bearings maker Timken Co raised its full-year earnings forecast due to increased demand for its products. The company said it expects full-year earnings from continuing operations of $2.40- $2.60 per share, above its previous estimate of $2.20- $2.50. Timken also authorized an additional 10 million share buyback program.
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