currencies: Sales there fell 30%, or 15% adjusted for currencies, as revenue across most geographic areas declined, according to Market Watch. Emerson said it expects market conditions to persist through the second quarter and improve in the second half of the fiscal year. Louis conglomerate has taken a hit from the sharply lower price of oil, and in the latest quarter, the company industrial-automation segment led the way lower. As a result of declining orders and sales, the company said last year that it had accelerated its restructuring plans and said it intends to spin off its network-power business. In the company process-management business, which is heavily exposed to the energy market, sales slumped 14%, or 11% on a currency-adjusted basis, as lower oil prices continue to affect both operational and capital spending by end customers in the energy sector. In that segment, sales dropped 6% in the most recent quarter, or an adjusted 1%. The company said recent order trends have shown improving conditions in both data center and telecommunications investment.
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