after the f-22 blast of the chinese a balloon as you see out of the sky out of the south carolina coast last sunday fox news live showed you that dramatic event you see there exclusively as it happened. but by then the chinese spy craft and drifted across the entire continental u.s. uniting a political firestorm internation s capitol. we have team of box coverage for you on the story. alexandria hoff with reaction to the latest shootdown retired captain of the navy chuck is on the military mission. brian on the recovery off the chinese flight off the coast of south carolina first oscar lucas tomlinson who was lame on the north lot of the white house with the very latest on what we know about the shootdown. hey lucas. max hey eric, senior u.s. official confirmed to fox news this object was able to successfully penetrate u.s. airspace before being detected by norad and before being shot out of the sky by the fighter jet. president biden spoke about the shoes on yesterday and
Alert the day care staff. He recently called the white house an adult day care center. I didnt make any of this up. Kasie hunt joins us live now. So the president is heading to capitol hill in the next hour for what is supposed to be a, quote, unity lunch with gop senators focusing on the tax cut plan. How awkward might this get . Reporter i have to tell you, ali, ive been roaming the halls of capitol hill for some years now. I havent seen anything like this before where you have the powerful head of a very Important Committee at a time when not only do we have americans deployed overseas but are potentially face iing at th least the possibility of war with north korea and you have the president and head of that Committee Trading Insults back and forth on twitter and of course for the tv cameras. Those words that Senator Corker
Senator Corker gave voice to a lot of peoples expectations that this will be more of a photo op than anything for the president of the United States. Because i
mysterious object was flowing at a northeast heading across the state of alaska before being shot down for it appears the satellites failed to detect it for those american spy satellites are used to detect missile launchers and cap military planes and troop movement inside russia. officials say we just do not know the origin of this object in the second time in less than a week the u.s. military has a script to write an aircraft of the night states was only seen on greater things to ground-based radar in alaska limited by the curvature of the earth. rexnord gets their interceptor aircraft from the air force. our air force today is the oldest, the smallest in the least ready it has ever been in its entire history. the object was shot down over. arthel: , eric and lucas members of congress are weighing in on the latest takedown of an airborne object over u.s.
Regal and Rexnord create a power transmission giant
17 February, 2021
The US-based mechanical power transmission supplier Rexnord is merging its process and motion control (PMC) business with that of its larger rival Regal Beloit to create a new business that will adopt the Rexnord name and is expected to generate sales worth $4.5bn in 2022. The deal will take the form of a tax-free transaction known as a Reverse Morris Trust, in which Rexnord will spin off the PMC business and merge it simultaneously with Regal Beloit. It will make the PMC business worth around $3.69bn.
Regal shareholders will own 61.4% and
Rexnord shareholders 38.6% of the combined entity – known as New Regal – before a potential dividend to Regal shareholders and a corresponding ownership adjustment to Rexnord shareholders. Some $70m of cost synergies are expected in the first year, rising to $120m by the third.