Second proxy advisor backs Relational/CalSTRS on Timken split
Proxy advisory firm Glass Lewis said Timken Co shareholders should vote for a non-binding proposal to break up the company's ball-bearings and steel businesses.
Caterpillar cries "uncle" on mining; investors cry "buy"
An odd thing happened on Monday when Caterpillar Inc , the world's largest maker of earth-moving equipment, posted disappointing profits and cut its full-year forecast, blaming weakness in the mining industry it bet on so heavily in recent years.
ABB to Buy Solar Power Firm Power-One for $1B
In an effort to step up its presence in the growing solar inverters market, the automation technology group purchased the renewable energy firm.
General Electric Profit Jumps 16%, But Admits Europe Weakness
General Electric reported a 16% rise in first-quarter earnings on Friday as it sold more equipment for oil and gas drilling and shed its stake in NBC Universal.
Rockwell Collins Posts Flat Profit, CEO to Retire
Rockwell Collins Inc, a supplier of aircraft parts and systems, posted flat quarterly profit on Friday as sales fell on defense weakness.
Rescuers Still Searching for Victims of Fertilizer Plant Blast
A massive explosion at a fertilizer plant near Waco, Texas, killed an unknown number and leveled surrounding buildings, according to reports from the area.
P&G taking longer to pay suppliers, offers financing
Procter & Gamble Co is increasing the time it takes to pay for supplies and offering financing to help mitigate the impact a longer payment cycle could have on small and midsize businesses, the household products maker told suppliers earlier this month.
Procter & Gamble plans to extend supplier bill payment cycle: WSJ
Procter & Gamble Co plans to increase the time it takes to pay its suppliers by as much as 30 days, which could free up to $2 billion in cash, the Wall Street Journal reported, citing people familiar with the matter.
China conditionally approves Glencore-Xstrata merger
China's Ministry of Commerce on Tuesday conditionally approved commodities trader Glencore's multi-billion dollar acquisition of miner Xstrata Plc .
Exclusive: Thermo Fisher nears $12 billion Life Tech deal - sources
Thermo Fisher Scientific Inc is close to buying genetic testing equipment maker Life Technologies Corp for more than $12 billion, two people familiar with the matter said on Sunday.
KPMG also resigns as Skechers auditor, company says
Footwear maker Skechers USA Inc is the second company from which KPMG has resigned as auditor following insider trading in its stock by a senior partner of the accounting firm.
Carrefour eyes plan for Brazil, China growth: FT
Carrefour expects to have a plan in place by 2014 to expand in Brazil and China, its second- and fifth-biggest markets by sales, the Financial Times quoted the French retailer's chief executive as saying.
ThyssenKrupp deems Steel Americas bids low, wants talks: paper
German steelmaker ThyssenKrupp was surprised by the low value of bids for its Cia Siderurgica do Atlantico mill in Brazil and is seeking talks with bidders to raise the offer prices, the Agencia Estado news agency reported Saturday.
Chile says copper shipments uninterrupted by strike
Codelco, the world's No.
Chile says copper shipments uninterrupted by strike
Codelco, the world's No.
BofA markets chief was bank's highest paid executive in '12
Bank of America Corp's co-chief operating officer, Tom Montag, was once again the bank's highest paid executive in 2012, making $14.
Sanofi investors may sue as a class: Judge
A U.S. judge certified on Wednesday a class of investors who have filed a lawsuit accusing Sanofi of misleading them about the status of regulatory approval for a failed anti-obesity pill.
ThyssenKrupp plans $1.3 billion-plus share sale: report
Germany's ThyssenKrupp plans to raise over 1 billion euros ($1.
Resuming Boeing 787 flights in weeks is best-case scenario: ANA
Boeing Co's goal to have its grounded 787 Dreamliner jets back in the air within weeks is a best-case scenario and too uncertain for the aircraft's biggest customer to plan the plane's operational return to service.
Idemitsu, Mitsui to build U.S. petchem plant: Nikkei
Japanese oil refiner Idemitsu Kosan and trading house Mitsui & Co plan to build a petrochemical plant in the United States at a cost of up to 100 billion yen ($1.
