Industrials

CNH Industrial targets investment grade credit rating

Truck and tractor maker CNH Industrial is aiming for an investment grade credit rating and could distribute the money saved on interest payments to shareholders, the group formed from the merger of Fiat Industrial and its CNH unit said.

Exclusive: KKR pulls out of Jones Group auction - sources

Private equity firm KKR & Co LP has withdrawn from the bidding process for Jones Group Inc , two people familiar with the matter said on Thursday, raising questions over the prospects of the auction for the fashion and footwear company.

Bangladesh garment workers stage biggest wage hike protest

About 50,000 garment industry workers held their largest protest so far in the Bangladeshi capital of Dhaka to demand an increase of more than 1-1/2 times in the minimum wage, police and labor officials said on Saturday.

Allegiant grounds planes to make slide inspections

Allegiant Travel Co, a low-cost carrier that provides service to leisure destinations, is grounding as many as 30 of its planes, or roughly half of its fleet, to inspect emergency exit slides to comply with safety guidelines.

Allegiant grounds planes; U.S. FAA seeks data on slides

Allegiant Travel Co, a low-cost carrier that provides service to leisure destinations, is grounding as many as 30 of its aircraft, or roughly half of its fleet, to inspect emergency evacuation slides in response to an FAA request for information.

U.S. CEOs less optimistic on economy - survey

U.S. chief executives were less optimistic about the economy in the third quarter, with fewer expecting to increase sales or boost capital spending than in the preceding three months, a survey by the Business Roundtable showed.

General Dynamics changes leadership at shipyards

General Dynamics Corp on Wednesday announced leadership changes at its shipyards that it said would help the company reduce costs and better serve its main customer, the U.S. Navy.

Sharp to issue up to 450 million new shares in offering: sources

Japan's Sharp Corp plans to issue up to 450 million new shares in a public offering, part of a plan to raise capital that is set to be approved by the company's board early this week, people with knowledge of the discussions said on Tuesday.

Bell teams with Lockheed for U.S. Army helicopter bid

Bell Helicopter, a unit of Textron Inc , on Monday said it would team with c to bid for the U.S. Army's next-generation helicopter - an order worth billions of dollars - using Bell's V-280 Valor tiltrotor.

Report warns of cost overruns on new U.S. aircraft carrier

The first Ford-class aircraft carrier being built by Huntington Ingalls Industries Inc may see further cost increases after it is commissioned, according to a congressional report that urged the U.S. Navy to delay a contract for a follow-on ship.

Wary eyes watch next step for India's Vedanta

The end of an 18-month overhaul of Vedanta's byzantine structure, which has left the resources group leaner and better able to cut debt, has raised questions over future ambitions and the temptation to use new-found flexibility for more deals.

Potash Corp sees BPC break-up as short term

Potash Corp of Saskatchewan Chief Executive Bill Doyle said on Wednesday he doesn't expect the breakup of Belarusian Potash Co (BPC) to last long, and he disputed predictions that the breakup would spur a steep potash price drop.

IRS takes on Tyco in U.S. Tax Court debt-vs-equity dispute

A U.S. Tax Court fight between Tyco International Ltd and the Internal Revenue Service reflects a growing assertiveness by the agency over deductibility of interest in certain intercompany financing deals, tax lawyers said on Wednesday.

Russia fiercely rebukes Belarus for detaining potash boss

Belarus detained the head of Russia's Uralkali , the world's top potash producer, and threatened to seize its assets in the country on Monday, drawing a fierce rebuke from Moscow in an escalating dispute over the collapse of a cartel.