Industrials

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.

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.

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.

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.