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Timken Co

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  • 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.

  • Timken quarterly profit falls 24 pct Thursday, 31 Jul 2014 | 7:46 AM ET

    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.

  • Timken raises full-year earnings forecast Thursday, 19 Jun 2014 | 9:03 AM ET

    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.

  • BOSTON, May 30- The Council of Institutional Investors gained a pair of prominent activist firms as non-voting members this year, as big public-sector money managers find more common ground with the outspoken shareholders.

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  • *Sees full-year adj shr $3.60- $3.90 vs. est $3.67. *Adj Q1 EPS 88 cents vs. est 79 cents. Timken also forecast adjusted earnings of $3.60- $3.90 per share for the whole of 2014. The company expects sales to rise about 7 percent, implying full-year sales of about $4.64 billion.

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