Danaher,the Washington,D.C. diversified technology company,is acquiring biomedical testing firm Beckman Coulter for 83.50 a share.Beckman Coulter develops,manufactures and markets products that simplify,automate and innovate complex diagnostic systems and research instruments.These products are used by hospitals and clinics to diagnose,make treatment decisions and monitor patients;and by research establishments to study the causes of diseases and possible therapies for them.
Danaher CEO H.Lawrence Culp,Jr. described Beckman as an iconic company with a great brand,broad reach and technology leadership;well-positioned in the markets it serves.It will be an excellent complement to Danaher's Life Sciences and Diagnostics platform,Mr.Culp believes.
An industrial conglomerate,Danaher's portfolio of products-in four segments and seven platforms-test,measure,identify,control,manipulate and detect for a number of industrial and professional applications,from dentistry and inventory to auto repair.Most notably,Danaher owns the Craftsman hand tools brand.
Danaher(DHR),Beckman Coulter(BEC)
Showing posts with label industrial production. Show all posts
Showing posts with label industrial production. Show all posts
Thursday, February 17, 2011
Sunday, July 4, 2010
Greenspan Grapples With Crisis
Alan Greenspan,former Federal Reserve Chairman,clearly has continued to wrestle with financial issues,if his recent comments are any guide.The stock market is not merely an indicator,he points out;it's a cause of economic activity.The data show that most people do not distinguish between paycheck income and their 401k appreciation.And upper income persons account for 45% of personal income expenditure.
Because of this effect,an underperforming stock market tends to crimp the consumer spending so vital to economic health,it has been observed.
The problem is,industrial production rose fairly steadily until the last week in May,and then it stopped dead.There is a normal pause in economic recoveries,but we are coming out of the greatest global economic crisis the world has ever seen.This recovery has continued to be dominated by large banks and big business.The small banks are loaded up with commercial real estate loans-the worst possible loans-so they aren't lending.
The problem in job growth is the extraordinary growth in productivity.It's still showing growth at a tremendous pace.This is much too much.There is surely a short term fear factor.The average hourly work week has been going up.
As long as that is the case,companies won't be hiring many new workers.It means they're just piling more work on the existing staff.
A big regulatory response to the financial crisis is appropriate,but you have to depend on the owners and managers to protect their equity.There is nothing that beats counterparty surveillance.A small little group of government auditors can't do much of any significance,in Mr.Greenspan's opinion.
Alan Greenspan continues to serve the nation long after he left office by applying his intellect to the current situation,clarifying it,or at least stimulating discussion with his comments.
Because of this effect,an underperforming stock market tends to crimp the consumer spending so vital to economic health,it has been observed.
The problem is,industrial production rose fairly steadily until the last week in May,and then it stopped dead.There is a normal pause in economic recoveries,but we are coming out of the greatest global economic crisis the world has ever seen.This recovery has continued to be dominated by large banks and big business.The small banks are loaded up with commercial real estate loans-the worst possible loans-so they aren't lending.
The problem in job growth is the extraordinary growth in productivity.It's still showing growth at a tremendous pace.This is much too much.There is surely a short term fear factor.The average hourly work week has been going up.
As long as that is the case,companies won't be hiring many new workers.It means they're just piling more work on the existing staff.
A big regulatory response to the financial crisis is appropriate,but you have to depend on the owners and managers to protect their equity.There is nothing that beats counterparty surveillance.A small little group of government auditors can't do much of any significance,in Mr.Greenspan's opinion.
Alan Greenspan continues to serve the nation long after he left office by applying his intellect to the current situation,clarifying it,or at least stimulating discussion with his comments.
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