Archive: Danaher

Morning Brief: Mortgage Giants Take Hill Grilling

Federal mortgage giants Fannie Mae and Freddie Mac took a grilling Tuesday on Capitol Hill. A congressional panel told former Fannie chief executive Franklin D. Raines that he and his colleagues acted irresponsibly in making decisions that led to the housing crisis. Raines, in turn, blamed the federal regulator...

By Alejandro Lazo | December 10, 2008; 08:46 AM ET | Comments (1)

Danaher Expands Job Cuts

Manufacturing conglomerate Danaher said Monday evening that it would take further measures to cut costs as the global economic downturn hampers its ability to grow through acquisitions and slows sales. The company said it would cut a total of 1,700 jobs and close 13 factories in the fourth quarter as...

By Terri Rupar | December 9, 2008; 03:26 PM ET | Comments (0)

Danaher Reports 80 Percent Jump in Quarterly Profit

From the Associated Press Danaher, a manufacturing conglomerate whose products include dental instruments and Sears' Craftsman tools, said Thursday its third-quarter earnings jumped 80 percent on a lower-than-expected tax rate and a one-time business sale gain. The District-based company earned $483.7 million, or $1.48 per share, compared with $268.1 million,...

By Mike Shepard | October 18, 2007; 06:39 PM ET | Comments (0)

Danaher Buys Electronic Test Firm

Washington industrial conglomerate Danaher announced today that it plans to buy electronic test and measurement company Tektronix for $2.8 billion, or $38 a share, a 34 percent premium over Friday's closing price. The companies said the deal is expected to close later this year, pending shareholder and regulatory approval,...

By Dan Beyers | October 15, 2007; 07:47 AM ET | Comments (0)

Danaher Profit Tops Analysts' Expectations

Washington-based Danaher Corporation, which makes everything from hand tools to fire suppression systems, posted a second-quarter profit of $311 million, or $0.96 per diluted share. That's down from the $314 million (or $0.98 a share) the company earned in the same quarter last year, but a bit better than what...

By Mike Shepard | July 19, 2007; 02:49 PM ET | Comments (0)

Danaher Agrees to Sell Power Quality Business

Danaher, a District-based manufacturing conglomerate, announced this afternoon that it had reached an agreement to sell power quality business to Thomas & Betts Corporation for about $280 million in cash. Last year, the unit recorded revenue of about $130 million. Danaher, which reported total revenue of $9.6 billion in 2006,...

By Mike Shepard | July 2, 2007; 05:22 PM ET | Comments (0)

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