1. Company bows to CalSTRS’ demands

    Company bows to CalSTRS’ demands

    CalSTRS barked – and a major company 2,400 miles away rolled over.  Under pressure from CalSTRS and another big shareholder, a $5 billion-a-year manufacturer agreed late Thursday to undergo a major restructuring. The Timken Co. of Canton, Ohio, will split itself into two separate companies – one making steel, the other making ball bearings...

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