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Eaton sees hope for U.S. electrical

Eaton Corp., Cleveland, reported third quarter sales of $4.12 billion, 15 percent above the third quarter 2010. In discussing the company’s results with analysts, Eaton Chairman and CEO Sandy Cutler pointed to the U.S. electrical segment as a bright spot, with sales up 11 percent, operating profit up 11 percent and record all-time quarterly revenues.

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