Industrials

Exclusive: Johnson Controls explores auto unit sale - sources

Johnson Controls Inc is exploring a potential sale of its automotive interiors unit, a move that would allow the diversified manufacturer to focus on higher-margin building controls and next-generation car batteries, three people familiar with the matter said on Wednesday.

Jaguar to decide on global footprint after China plant opens

Jaguar Land Rover will not expand its overseas production capacity until its new China factory comes online, its CEO said on Tuesday, and will target growing demand in markets such as Turkey to continue round-the-clock manufacturing in the UK.

Exclusive: KKR close to buying Gardner Denver - sources

Private equity firm KKR & Co LP is nearing a deal to buy industrial machinery maker Gardner Denver Inc and could announce the agreement in the next few days, two people familiar with the matter said on Monday.

Pratt rules out worst-case cause for F-35 blade crack: sources

Pratt & Whitney is 99 percent sure the fan blade problem that grounded the Pentagon's 51 new F-35 fighter jets was not caused by high-cycle fatigue, which could force a costly design change, according to two sources familiar with an investigation by the enginemaker.

Former SNC-Lavalin CEO faces new corruption charges

The former chief executive of SNC-Lavalin Group Inc , a Canadian construction and engineering company caught in a far-reaching misconduct scandal, faces six new fraud-related charges, police said on Wednesday after issuing a warrant for his arrest.

Barclays halts agriculture trading with hedge funds

Barclays is halting agricultural trading with hedge funds in a move to burnish its reputation amid a major overhaul, but will still market index-linked investment products in the sector.

Moody's shares slide on lawsuit worries

Shares in credit rating agency Moody's Corp slid 6 percent on Friday as it faces a possible federal fraud lawsuit over its pre-crisis debt ratings.

Sabic's Geleen chemical plant drops output as workers strike

KHOBAR, Saudi Arabia (Reuters) - A strike by workers at the SABIC Europe Chemicals Geleen plant in the Netherlands has lowered production, the company's Saudi Arabian owner said on Saturday, without specifying by how much.

Analysis: China upturn underscores need to rebalance economy

China's recovery from its longest slowdown in growth since the global financial crisis is being driven by the two forces posing the biggest risks to the economy's increasingly urgent need to rebalance - investment and property.

South Africa's Amplats to shed mines and 14,000 jobs

Anglo American Platinum , the world's top platinum producer, said it will mothball two South African mines, sell another and cut 14,000 jobs in moves to restore profits that may provoke a repeat of last year's strikes when about 50 people died.

Manufacturing problem likely caused F-35B engine failure: sources

Pentagon and industry investigators have pinpointed a manufacturing quality problem as the most likely cause of an engine failure that led to the grounding of the Marine Corps version of the Lockheed Martin Corp F-35 fighter jet, sources familiar with the investigation told Reuters.