Emerson Electric Wins Contract

Emerson Electric Wins Contract

Emerson Electric won a contract to help convert the 44-year-old coal-fired Lynemouth Power Station in the UK to a new biomass-fueled plant from EPH Lynemouth Power. The conversion of the plant, near Newcastle, Northern England, is expected to be complete in late 2017, the company said on Wednesday. The plant will be fueled by about 1.4 million tons of wood waste per year, supplying the national grid with up to […]

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Health Care Stocks Edging Higher

Health Care Stocks Edging Higher

Health care stocks were trading slightly higher late Friday, with the NYSE Health Care Index rising about 0.2% while shares of health care companies in the S&P 500 were up only 0.1% as a group. In company news, Titan Pharmaceuticals (TTNP) remain strong throughout Friday trading after federal authorities granted a permanent J-code for the company’s probuphine medication-assisted treatment, the first buprenorphine implant for the maintenance treatment of opioid dependence. […]

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SuperValu Misses Fiscal Q3 Street Views on Earnings, Revenues

SuperValu Misses Fiscal Q3 Street Views on Earnings, Revenues

SuperValu, a grocery wholesaler and retailer, Wednesday reported earnings and revenues below Street views. The grocer reported fiscal Q3 ended Dec. 3 adjusted earnings from continuing operations of $0.05, below the Street view of $0.14, and also below the $0.08 reported a year earlier. The company reported fiscal Q3 revenues of $3.00 billion, below the Street view of $3.76 billion, and also below the $3.04 billion reported a year-earlier. On […]

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