Honeywell spins off units worth $7.5 billion in sales keeps aerospace Honeywell spins off units worth $7.5 billion in sales keeps aerospace, U.S. manufacturer Honeywell International Inc will spin off its home and ADI global distribution business and transportation systems into two independent, publicly-traded companies by the end of 2018, […]
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Bankrupt U.S. retailers begin to catch a break Bankrupt U.S. retailers begin to catch a break: An unexpected helping hand from creditors, landlords and vendors is allowing more U.S. retailers to stay in business following bankruptcy with most of their stores and employees in the fold. The new approach marks […]
Former Equifax chief will face questions from U.S. Congress over hack Former Equifax chief will face questions from U.S. Congress over hack: U.S. lawmakers are due to question the former head of Equifax Inc (EFX.N) at a Tuesday hearing that could shed light on how hackers accessed the personal data […]
U.S. economy accelerates in second quarter hurricanes expected to slow growth U.S. economy accelerates in second quarter; hurricanes expected to slow growth: The U.S. economy expanded a bit faster than previously estimated in the second quarter, recording its quickest rate of growth in more than two years, but the momentum […]
Fed’s Yellen says gradual hikes should continue despite weak inflation The Federal Reserve needs to continue gradual rate hikes despite broad uncertainty about the path of inflation, Fed Chair Janet Yellen said on Tuesday in remarks that acknowledged the central bank’s struggles to forecast one of its key policy objectives. […]
Top NAFTA negotiators join talks as U.S. presents draft text on labor Top NAFTA negotiators join talks as U.S. presents draft text on labor: The United States on Tuesday unveiled draft text on labor standards during the negotiations on modernizing the North American Free Trade Agreement as top officials from […]
Unilever steps up beauty push with $2.7 billion Carver Korea deal Unilever steps up beauty push with $2.7 billion Carver Korea deal: Unilever (ULVR.L)(UNc.AS) has agreed to pay 2.27 billion euros ($2.71 billion) to buy fast-growing cosmetics company Carver Korea in its latest move to build a global beauty business. The […]
Zuckerberg nixes new Facebook share class after shareholder lawsuit Zuckerberg nixes new Facebook share class after shareholder lawsuit: Facebook Inc Chairman Mark Zuckerberg abandoned plans on Friday to create a new class of company stock with no voting power, which was meant to be a way for Zuckerberg to retain […]
Toshiba keen to seal $18 billion chips sale wrestles with last-minute delays Toshiba keen to seal $18 billion chips sale wrestles with last-minute delays: Japan’s Toshiba Corp (6502.T) is locked in last minute discussions over “key issues” with the would-be buyers of its $18 billion memory chip business led by U.S. […]
EU eyes solo move to increase tax on online giants risking U.S. anger EU eyes solo move to increase tax on online giants risking U.S. anger: The European Commission said on Thursday it may seek to implement tax reform to raise more revenue from online giants without the backing of the […]
