On Monday, Shares of Emerson Electric Co. (NYSE:EMR), subtract -1.76% and closed at $51.77 in the last trading session. The last trading range of the stock ranges between $51.63 and $52.91. The company’s Market capitalization is $32.89 Billion with the total Outstanding Shares of 643.54 million. Emerson (EMR) recently declared it has agreed to acquire UK-based Permasense Limited, a leading provider of non-intrusive corrosion monitoring technologies for the offshore and onshore oil production, refining, chemical, power, pipelines, metals and mining and other industries. Permasense® monitoring systems use unique sensor technology, wireless data delivery and advanced analytics to continuously monitor for metal loss from corrosion or erosion in pipes, pipelines or vessels, and reliably deliver high-integrity data from even the harshest environments.
The acquisition represents another step forward in Emerson’s strategy to invest in its core business platforms and expand in markets that hold noteworthylong-term growth opportunity.
“Corrosion and erosion can significantly impact the safe and reliable operation of our industrial customers’ infrastructure, which can have dire consequences. Wireless non-intrusive corrosion monitoring is a transformational shift that assists customers right away understand the health and integrity of their infrastructure in real-time and facilitate them to fully optimize their operations while maximizing safety,” said Mike Train, president, Emerson Automation Solutions. “For example, with the increasing complexity of the types of crude oil coming into a refinery, corrosion is becoming a noteworthyissue in the uptime and profitability of a refinery. Now refinery infrastructure can be monitored and controlled using this non-intrusive technology.”
BB&T Corporation (NYSE:BBT), jumped 0.77% and closed at $39.19 in the last trading session. The last trading range of the stock ranges between $39.02 and $39.26. The company’s Market capitalization is $31.86 Billion with the total Outstanding Shares of 814.50 million. During the 52-week trading session the minimum price at which share price traded, registered at $29.95 and reached to max level of $39.47. BB&T Corporation (BBT) recently declared it has reached a contract with the United States Department of Justice (DOJ) that settles certain legacy mortgage matters involving the origination of mortgage loans insured by the U.S. Department of Housing and Urban Development’s Federal Housing Administration (FHA).
BB&T fully cooperated with all agencies involved in this matter. The inquiry was settled for $83 million without any admission of liability to avoid the cost and uncertainty of potential litigation. The investigation, potential claims and estimated potential net exposure to losses were formerly revealed. The settlement will have no negative effect on BB&T’s financial condition or results of operations as a result of previous accruals totaling $85 million. In a related matter, BB&T is pursuing a potential recovery of about $70 million.
BB&T remains committed to providing a high-quality mortgage experience together with exceptional service to assist our clients achieve economic success and financial security.
On the otherhand STMicroelectronics NV (ADR)(NYSE:STM), dropped -0.12% and closed at $8.30 in the last trading session. The last trading range of the stock ranges between $8.28 and $8.41. The company’s Market capitalization is $7.64 Billion with the total Outstanding Shares of 883.27 million. During the 52-week trading session the minimum price at which share price traded, registered at $5.11 and reached to max level of $8.41. STMicroelectronics (STM.PA), a global semiconductor leader serving customers across the spectrum of electronics applications, declared that it will release third quarter 2016 earnings before the opening of trading on the European Stock Exchanges on Thursday October 27, 2016.