Having agreed in December to sell its dry cooling tower business, SPX Corp. has retained an outside financial advisor to consult about divesting other under-performing portions of its Power Generation division. CEO Gene Lowe announced plans for additional sales in the power division in a conference call on 2015 earnings. “The fourth quarter results in Power Generation were unacceptable and we are committed to addressing the poor performance in this business,” he told analysts. “We have hired…
from Charlotte Business News - Local Charlotte News | Charlotte Business Journal http://www.bizjournals.com/charlotte/blog/energy/2016/02/spx-corp-looks-to-sell-under-performing-business.html
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