Cooper Industries at NYSE to Ring The Closing Bell(SM).Diversified industrial manufacturer celebrates 174 years of technology innovation HOUSTON -- Cooper Industries Cooper Industries NYSE: CBE is one of the oldest large companies in the United States, having been founded in 1833 as a partnership in Mount Vernon, Ohio. Incorporated in Ohio as The C. & G. , Ltd. (NYSE NYSE See: New York Stock Exchange :CBE CBE Commander of the Order of the British Empire (a Brit. title) CBE n abbr (= Companion of (the Order of) the British Empire) → título de nobleza CBE n abbr (= ) today will ring The Closing Bell(SM) at the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. . The ceremony, which will take place at the NYSE in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. at 4 pm EST EST electroshock therapy. EST abbr. electroshock therapy , is in honor of Cooper's rich heritage of product design and technology innovation and to celebrate the 100th anniversary of the introduction of an industrial icon, the Crescent([R]) brand. "Cooper has a long tradition of serving customers and delivering innovative solutions that create meaningful, lasting value. From our beginnings in 1833 as an iron foundry in Mt. Vernon, Ohio, to the global diversified industrial manufacturer that we are today, Cooper has always focused on identifying and meeting the specific needs of the end-markets we serve with market-leading technology," said Cooper Industries Chairman and Chief Executive Officer Kirk S. Hachigian. Innovation and driving more technology into the product portfolio are critical elements to Cooper's overall corporate strategy. In addition, Cooper is focused on growing the company and returning sustainable shareholder value by leveraging a world-class product portfolio across diverse end-markets, focused international expansion and a disciplined acquisition strategy. As a result of this strategy, Cooper delivered the strongest financial performance in its history and shareholders saw a total return of 26 percent in 2006, and three-year and five-year compound annual total returns of 18 percent and 24 percent, respectively. "As we celebrate our heritage today, we remain committed to the principle that innovation is our lifeblood life·blood n. 1. Blood regarded as essential for life. 2. An indispensable or vital part: Capable workers are the lifeblood of the business. . At Cooper, we have a strong stable of world-class brands and products and we will continue to introduce market-leading technology and end-user specified solutions that meet our customers' needs. "We are honored to be at the New York Stock Exchange today, proud of our past accomplishments and excited about our future. Cooper is in the best financial shape in its history and is well positioned for long-term success," Hachigian said. About Cooper Industries Cooper Industries, Ltd. is a global manufacturer with 2006 revenues of $5.2 billion, approximately 85 percent of which are from electrical products. Incorporated in Bermuda with administrative headquarters in Houston, Cooper employs approximately 31,000 people and operates eight divisions: Cooper B-Line, Cooper Bussmann, Cooper Crouse-Hinds, Cooper Lighting, Cooper Menvier, Cooper Power Systems, Cooper Wiring Devices Cooper Wiring Devices is a division of Cooper Industries and provides a wide range of residential, institutional and industrial specification grade electrical devices for consumers and building contractors. External links
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