NEW YORK, March 13, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding General Electric Company (NYSE: GE), Eaton Corporation (NYSE: ETN), 3M Company (NYSE: MMM), United Technologies Corporation (NYSE: UTX), and Dover Corporation (NYSE: DOV). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register
General Electric Company Analyst Notes
On February 26, 2014, General Electric Company (GE) announced that it has reached an agreement with Shinsei Bank (Shinsei) to end GE's obligation to reimburse Shinsei for refunds of interest paid in excess of the statutory interest rate by customers of the Japanese consumer finance business which was sold by GE Capital Corporation (GECC), a subsidiary of GE, to Shinsei in 2008. GE stated thatunder the transaction, GECC and Shinsei agreed to a loss-sharing arrangement for potential "Grey Zone" interest claims, with a buyout option to end the obligation in Q1 2014. The Company informed that according to the agreement, GECC will pay ¥175 billion ($1.7 billion) to Shinsei. GE added that GECC will record an addition to reserves in discontinued operations of $1.0 billion for 2013, which will reduce GE's Q4 2013 and full-year 2013 net earnings by $1.0 billion and diluted EPS by $0.09. The full analyst noteson General Electric Company are available to download free of charge at:
http://www.AnalystsReview.com/03052014/GE/report.pdf
Eaton Corporation Analyst Notes
On February 26, 2014, Eaton Corporation (Eaton) reported that its Board of Directors has declared a 16.7% increase in the Company's quarterly cash dividend, from $0.42 per common share to $0.49 per common share. Eaton stated that the dividend is payable on March 21, 2014, to shareholders of record at the close of business on March 10, 2014. The full analyst noteson Eaton Corporation are available to download free of charge at:
http://www.AnalystsReview.com/03052014/ETN/report.pdf
3M Company Analyst Notes
On March 3, 2014, 3M Company (3M) reported that it has invested inFlorida-basedMSi Lighting (MSi), a company that 3M has been working with for the past year on a line of LED lights for multiple applications. Commenting on the investment, Gabi Sabongi, Vice President of 3M Corporate Ventures, stated, "Solid-state lighting technology has the potential to reduce U.S. lighting energy usage by nearly one half and contribute significantly to the nation's climate change solutions. MSI's technology is a great fit with 3M and takes our business relationship to the next level in a way that complements both companies." John Burke, President of MSi, added, "The relationship between MSi and 3M is already strong. This investment allows us to further share ideas and innovations in LED. With 3M's range of technologies and expertise in optical science, we are very excited about the future and new ways to serve customers." The full analyst noteson 3M Company are available to download free of charge at:
http://www.AnalystsReview.com/03052014/MMM/report.pdf
United Technologies Corporation Analyst Notes
On February 28, 2014, United Technologies Corporation (UTC) reported that it has called for redemption of all outstanding Goodrich 6.29% Notesdue 2016 (the 2016 Notes). The Company informed that the outstanding aggregate principal amount of the 2016 Notes is c.$187.9 million, with redemption date of April 1, 2014. UTC stated that the redemption price for the 2016 Notes will be the greater of: (i) 100% of the principal amount of the Notes; and (ii) the sum of the present values of the remaining scheduled payments of principal and interest on the notes, discounted to the redemption date,on a semi-annual basis, using a reference treasury rate plus 25 basis points. The full analyst noteson United Technologies Corporation are available to download free of charge at:
http://www.AnalystsReview.com/03052014/UTX/report.pdf
Dover Corporation Analyst Notes
On February 28, 2014, Dover Corporation (Dover) announced that it has successfully completed the spin-off of Knowles Corporation (Knowles) from the Company through a distribution of all of the common stock of Knowles held by Dover to Dover shareholders. The Company informed that under the terms of the distribution, Dover shareholders were distributed one share of Knowles common stock for every two shares of Dover common stock they held as of the close of business on the record date February 19, 2014.Dover added that it did not issue fractional shares of Knowles' common stock in the distribution, andfractional shares that Dover shareholders would otherwise have been entitled to receive were aggregated and are for sale in the public market by the distribution agent. Further, the Company informed that the aggregate net cash proceeds of the sales will be distributed ratably to those shareholders who would otherwise have been entitled to receive fractional shares. The full analyst noteson Dover Corporation are available to download free of charge at:
http://www.AnalystsReview.com/03052014/DOV/report.pdf
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