Industrials

* Premium Asia airline and Japan-based budget carrier planned

(Reuters) - Billionaire Warren Buffett urged U.S. lawmakers to raise taxes on the country's super-rich to help cut the budget deficit, saying such a move will not hurt investments.

GE will sell its stake in GE SeaCo to Chinas HNA Group and Bravia Capital in a deal valued at $1.05 billion.

By Ai Peng Soo

TOKYO (Reuters) - Boeing said on Monday it is considering building a new supplier system to minimize the impact of natural disasters on its operations, after a massive earthquake in Japan hurt production of the aerospace and defense firm's long-delayed 787 Dreamliner aircraft.

By Paula Rogo

By Rhys Jones

By Scott Malone

Billionaire investor Carl Icahn raised his offer for the household products maker to $80 a share from $76.50 after the company rejected his previous offer.

Textron beat the Street with its second-quarter profits and reaffirmed its full-year guidance. 

Nalco Holding reached a $5.4 billion deal to be acquired by Ecolab.

By Mary Slosson

The move reflects GE's overall drive to shift more of its top executives -- including Vice Chairman John Rice, who this year relocated to Hong Kong -- closer to fast-growing Asian markets.

The machinery maker reported a higher profit but missed the Street's estimates and raised its full-year earnings outlook.

Alcoa kicked off the earnings season with mixed second-quarter numbers. 

By Paul Sandle

3M's second-quarter earnings rose 3.5% as the diversified manufacturer reported sales growth at most of its businesses.

CHICAGO (Reuters) - Bankers at Citigroup were unaware when discussing the possible sale of chemical company Lubrizol Corp with the man tipped to succeed Warren Buffett that he had any intention to buy shares himself, the Wall Street Journal reported on Saturday.

By Deena Beasley

Overcoming charges related to recalls, Johnson & Johnson reported a better-than-expected 23% decline in first-quarter profits and upgraded its full-year guidance.