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The company sees 2011 revenues of $39.5 billion, vs. consensus estimates of $38.7 billion.
Stephen A. Roell, Johnson Controls Chairman and Chief Executive Officer said, "The second quarter results show solid momentum across all three of our businesses, with each achieving significantly higher revenues and profitability.
Johnson Controls (NYSE:JCI) reported Q2 EPS of $0.56, ahead consensus estimates of $0.55 per share. Revenues for the quarter rose 22% year-over-year to $10.1 billion, topping consensus estimates of $9.4 billion.
The transaction is valued at $32.3 million.
JCI expects that the acquisition will enhance its Building Efficiency business, specifically with ECNG's demand response technology and service platform.
Johnson Controls (JCI) and EnergyConnect Group (ECNG) today jointly announced that the companies have signed a merger agreement under which JCI would acquire the outstanding shares of ECNG. The transaction is subject to customary
The notes consist of $350 million of floating rate senior notes that mature in 2014 and bear interest at a rate of three-month LIBOR plus 0.41%; $450 million of fixed rate senior notes that mature in 2014 and bear interest at a ra
"Johnson Controls (JCI) announced it priced a public offering of $1.6 billion aggregate principal amount of floating and fixed rate senior notes.
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From FNNO.com, this is the Financial News Network. I’m Cleo
Stiller-Farrell and this is your Midweek Market Wrap Up. The British
Bankers’ Association, which has the supervisory role of setting the
influential Libor rates, announced that it would be willing to give up
its...
The Wall Street Journal reports that home prices showed their best year-to-date gains since 2005, up 5.9% through July, signaling the housing market's steady march toward recovery. Also from the Wall Street Journal, IBM (IBM) will increase its efforts to sell so-called cloud computing services...
CEO Marissa Mayer is bringing in some more new blood to Yahoo!, tapping Ken Goldman as the company's new Chief Financial Officer. Goldman's appointment will take effect on October 22nd.
Goldman served as CFO at his most recent employer, Fortinet, having worked at Siebel Systems, Sybase,...
