Industrials

Textron Systems eyes rising foreign demand for drones, weapons

Textron Systems, a unit of Textron Inc , says strong demand from the Middle East and Asia for unmanned systems, ground vehicles and smart weapons will help expand foreign sales to about half of the division's total revenues in coming years.

Honeywell transmitter eyed in 787 fire probe: source

Investigators are looking at an emergency locator transmitter built by Honeywell International Inc as the possible cause of a fire on board a Boeing Co Dreamliner in London last week, according to a source familiar with the probe.

GSK stops using travel agencies accused in Chinese probe

British drugmaker GlaxoSmithKline said on Monday it had stopped using all travel agencies which have been accused by the Chinese police of channelling bribes to illegally boost sales and inflate the price of its medicines in the country.

Unilever turns cautious on emerging markets

Unilever has become more cautious about prospects for emerging markets, a big growth driver for the consumer goods company, which reported underlying second-quarter sales growth shy of market expectations.

Tinkler gives up half of Whitehaven stake to lender

Struggling Australian tycoon Nathan Tinkler has given up nearly half of his stake in Whitehaven Coal Ltd for about $285 million to pay down debt to a U.S. hedge fund, easing concern about a forced selldown that had weighed on the miner's value.