Industrials

Under pressure from Congress, IRS suspends Equifax contract

The IRS has suspended a $7.25 million contract with the credit reporting company Equifax after members of Congress complained the tax agency had awarded a no-bid contract to a company that recently had a massive data beach.

Under pressure from Congress, IRS suspends Equifax contract

The IRS has suspended a $7.25 million contract with the credit reporting company Equifax after members of Congress complained the tax agency had awarded a no-bid contract to a company that recently had a massive data beach.

Bayer sells units to be able to complete Monsanto takeover

German pharmaceutical giant Bayer AG has reached a 5.9 billion euro ($7 billion) deal to sell parts of its Crop Science unit to German chemical company BASF to alleviate regulatory concerns over its planned takeover of U.S. seed and weed-killer company Monsanto Co. Monsanto last year accepted an offer from Bayer to pay $57 billion to its shareholders and assume $9 billion in debt.

Toshiba, Bain executives join in push for memory-chips sale

The heads of Toshiba's memory chip business and Bain Capital, the investment fund buying it, say they hope to close the deal by March despite persisting opposition from Toshiba's U.S. joint venture partner Western Digital.