Industrials

Alcoa said it will cut its global smelting capacity by 12% due to a steep drop in aluminum prices.

Monsanto reported first-quarter sales that widely surpassed Wall Street expectations as demand for corn and cotton seeds continued to grow in the U.S. and Latin America. 

In an effort to boost its bottom line, PepsiCo management is reportedly contemplating laying off about 4,000 workers and putting a stop to its 401(k) match.

China has emerged as a key battleground for many American companies that are looking to take a stake in the country's burgeoning consumer culture.

China has emerged as a key battleground for many American companies that are looking to take a stake in the country's burgeoning consumer culture.

The maker of Post-its and Scotch tape, 3M said the deal will broaden its global presence in office, education and consumer products.

3M unveiled a fourth-quarter profit of $1.35 per share on $7.1 billion in sales, versus estimates of $1.31 on $7.09 billion.

The hamburger giant posted a better-than-expected quarterly profit as sales at established restaurants in the U.S. and Europe rose more than 7%.

Held back by weak electronics demand, chemicals giant DuPont disclosed a 0.8% slip in fourth-quarter profits and weaker-than-expected revenue.

Kimberly-Clark Corp's quarterly profit missed estimates on Tuesday as the company saw soft demand in businesses such as North American diapers and some higher costs.

Pan American will acquire Minefinders for C$1.5 billion in a deal that solidifies its position as one of the world’s primary silver mining companies.

The oilfield services company recorded a better-than-expected quarterly profit and said its revenues would grow faster than oil and gas companies would drill this year.

Canadian private equity company Onex said it will buy USI, a U.S. provider of insurance brokerage services, from GS Capital Partners for $2.3 billion.

A U.S. bankruptcy judge approved Hostess Brands' plan to wind down the company after last-minute mediation fell through Tuesday night. 

The world's largest farm equipment maker posted fourth-quarter earnings and sales sharply below Wall Street expectations as stronger sales could not outpace sales growth.

Developing: Hostess Brands and one of its biggest unions failed to reach an agreement in private mediation Tuesday, the company said. The move will likely pave the way for an ultimate liquidation.

Tyco International reported a fourth-quarter loss and weaker-than-expected fiscal 2013 outlook. 

Diageo, the world’s biggest spirits maker, secured a $2.1 billion deal on Friday to nab a 53.4% stake in India’s United Spirits, deepening its presence in the rapidly growing Indian market.

Hostess Brands and one of the snack maker’s unions have agreed to private mediation taking place on Tuesday that could stave off a liquidation.

In a move that could save thousands of jobs and prevent a prolonged Twinkies shortage, private-equity firm Sun Capital Partners is reportedly interested in acquiring bankrupt baker Hostess Brands.