Navigate this market better. Subscribe for FREE stock alerts and information.

Wednesday, December 18, 2013

BRIEF-JCI CEO:expect announcement on sale of auto electronics business in 30-60 days, (NYSE: JCI)

Johnson Controls Inc CEO Alex Molinaroli in an interview: * CEO says to expect announcement in 30 to 60 days on sale of company's auto electronics business * CEO calls seating unit a "core" of company's auto business * CEO calls company's corporate heating, ventilation and air conditioningbusiness "more capable," but consumer hvac business has greater growthpotential

Johnson Controls, Inc. (Johnson Controls) manufactures, installs and services automatic temperature regulation systems for buildings. Shares of JCI fell by 2.55% or $-1.31/share to $50.01. In the past year, the shares have traded as low as $29.48 and as high as $51.90. On average, 4179100 shares of JCI exchange hands on a given day and today's volume is recorded at 4057089.



Source