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Latest Beloit, Wisconsin Stories

2011-04-20 16:05:00

BELOIT, Wis., April 20, 2011 /PRNewswire/ -- Regal Beloit Corporation (NYSE: RBC) announced today that it plans to release its first quarter 2011 financial results after the market closes on Monday, May 2, 2011. At 9:00 AM CDT (10:00 AM EDT) on Tuesday, May 3, 2011, the Company will hold a conference call to discuss the earnings release. To listen to the call and view the presentation slides via the internet, please go to http://www.regalbeloit.com/ or at:...

2011-04-05 08:07:00

BELOIT, Wis., April 5, 2011 /PRNewswire/ -- Regal Beloit Corporation (NYSE: RBC) today announced that it has acquired Ramu, Inc., a motor and control technology company headquartered in Blacksburg, Virginia, backed by the venture capital firm Khosla Ventures. Ramu, Inc. is a start-up company founded by Krishnan Ramu with a research and development team dedicated to the development of switched reluctance motor technology. Switched reluctance technology is a unique motor design that is...

2011-02-04 15:45:00

MILWAUKEE, Feb. 4, 2011 /PRNewswire/ -- A. O. Smith Corporation (NYSE: AOS) and Regal Beloit Corporation (NYSE: RBC) announced today they have each received a request for additional information and documentary material from the U. S. Department of Justice regarding the sale of A. O. Smith Electrical Products Company to Regal Beloit. The request will extend the waiting period under the Hart-Scott-Rodino Antitrust Improvement Act of 1976 as amended until 30 days after both companies have...

2011-02-04 15:45:00

BELOIT, Wis., Feb. 4, 2011 /PRNewswire/ --Regal Beloit Corporation (NYSE: RBC) and A. O. Smith Corporation (NYSE: AOS) announced today they each have received a request for additional information and documentary material, commonly referred to as a "second request," from the United States Department of Justice regarding the sale of A. O. Smith's Electrical Products Company to Regal Beloit. The requests are part of the regulatory process under the Hart-Scott-Rodino Antitrust Improvements Act...

2011-02-02 19:58:00

BELOIT, Wis., Feb. 2, 2011 /PRNewswire/ -- Regal Beloit Corporation (NYSE: RBC) today reported financial results for the fourth quarter and the fiscal year ended January 1, 2011. Net sales for the fourth quarter ended January 1, 2011 were $555.7 million, an increase of 20.0% compared to $463.3 million for the fourth quarter ended January 2, 2010. Diluted earnings per share for the fourth quarter 2010 were $0.65 compared to $0.90 for the fourth quarter 2009. For the full year 2010,...

2011-01-13 15:54:00

BELOIT, Wis., Jan. 13, 2011 /PRNewswire/ -- Regal Beloit Corporation (NYSE: RBC) announced today that it plans to release its fourth quarter 2010 financial results after the market closes on Wednesday, February 2, 2011. At 9:00 AM CT (10:00 AM ET) on Thursday, February 3, 2011, the Company will hold a conference call to discuss the earnings release. To listen to the call and view the presentation slides via the internet, please go to http://www.regalbeloit.com/ or at:...

2010-12-13 07:50:00

BELOIT, Wis., Dec. 13, 2010 /PRNewswire-FirstCall/ -- REGAL BELOIT CORPORATION (NYSE: RBC) today announced it has entered into an agreement to acquire 100% of the stock and assets of the Electrical Products Company ("EPC") from A.O. Smith Corporation (NYSE: AOS). EPC manufactures and sells a full line of motors for hermetic, pump, distribution, HVAC and general industrial applications. Total consideration for the transaction is approximately $875 million, including $700 million of cash and...

2010-12-13 07:30:00

MILWAUKEE, Dec. 13, 2010 /PRNewswire-FirstCall/ -- A. O. Smith Corporation (NYSE: AOS) announced today it has entered into a definitive agreement to sell its Electrical Products Company, an operating segment that is one of the largest manufacturers of electric motors for residential and commercial applications in North America, to Regal Beloit Corporation (NYSE: RBC) for approximately $875 million, comprised of $700 million in cash and approximately 2.83 million shares of Regal Beloit...

2010-12-01 19:33:00

BELOIT, Wis., Dec. 1, 2010 /PRNewswire-FirstCall/ -- In advance of the December 7, 2010 Investors and Analyst Conference in New York, Regal Beloit Corporation (NYSE: RBC) today revised its fourth quarter 2010 guidance to $0.63 - $0.67 per share. The revision was due to a slower than expected sales pace in the HVAC segment and acquisition-related expenses that will be expensed in the quarter. The company also announced today that it has signed an agreement to acquire Unico, Inc.,...

2010-12-01 16:31:00

BELOIT, Wis., Dec. 1, 2010 /PRNewswire-FirstCall/ -- Regal Beloit Corporation (NYSE: RBC) is hosting an Investors and Analysts Conference at the Millennium Broadway Hotel, 145 West 44th Street, Fourth Floor, New York, on December 7, 2010. The conference will begin with registration, a continental breakfast and a product showcase at 8:00 am ET, followed by a company presentation at 8:30 am, concluding roughly at 1:00 pm, with lunch following. Regal Beloit's management team will provide an...


Word of the Day
bellycheer
  • Good cheer; viands.
  • To revel; to feast.
The word 'bellycheer' may come from 'belle cheer', "good cheer".
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