SPX Corp. plans to sell its European power generation operations as weak segments of its power business continue to undermine strong performance in its other business divisions. CEO Gene Lowe told analysts during an earnings call Thursday evening that SPX’s transformer segment in power remains strong. But to shore up the company’s financial performance, SPX is actively marketing its European power operations, The company also expects to spend $6 million this year restructuring other under-performing…
from Charlotte Business News - Local Charlotte News | Charlotte Business Journal http://www.bizjournals.com/charlotte/news/2016/08/05/spx-corp-looks-to-sell-restructure-underperforming.html?ana=RSS%26s=article_search
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