Emerson Electric Co. (NYSE:EMR) near deal to sell business unit to Regal-Beloit, WSJ says

Emerson Electric Co. (NYSE:EMR) near deal to sell business unit to Regal-Beloit, WSJ says.  According to a Wall Street Journal report from Friday evening, Emerson Electric Co. (NYSE:EMR) and Regal Beloit (RBC) are near to completing a deal where Emerson Electric will sell its power transmission solutions business to Regal Beloit in pact that would value the unit at more than $1.2B. In NYSE, EMR traded with a change of - 2.89 and closed for the day at 58.43 with a volume of 8,183,740 shares. EMR‘s revenue in last one year has been 24.54B, return on assets 10.59% and return on equities 20.91%.

 

 Juniper Networks, Inc. (NYSE:JNPR) and Elliott in talks on board additions. According to a Wall Street Journal report from Friday evening, Juniper Networks and activist investor Elliott Management are in discussions about adding new directors to Juniper's board in a move that may prevent a proxy fight. Elliott management which owns a 9% stake in the telephone equipment maker has suggested certain candidates which Juniper is evaluating, added the Wall Street Journal.  JNPR traded in the red and closed at 21.10 for the day. The stock saw a change of 0.27 (1.26%) with a volume of 4,702,662 shares. JNPR has a market cap of 9.13B.

 

Petrobras (NYSE:PBR) reports certain Q3 financial results, delays complete report. On Friday evening, Petrobras (NYSE:PBR) announced that in light of new facts that occurred after November 13, directly or indirectly related to the “Lava Jato Operation”, it decided not to file its consolidated interim financial statements for the 3rd quarter 2014 not reviewed by the independent auditors. Petrobras reported that Q3 revenue was R$ 88,378M compared to R$ 77,700M in Q313. Petrobras (NYSE:PBR) operates as an integrated oil and gas company in Brazil and internationally. PBR closed for the day at 7.11 with a change of - 0.31 or - 4.18%. PBR traded at 6.93 in pre market trading, with a change of - 0.18.