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.
Lithium-ion battery not involved in F-35 smoke incident: Lockheed
Lockheed Martin Corp on Monday said there was no evidence that a lithium-ion battery contributed to a February 14 incident that caused smoke in the cockpit of an F-35 test plane.
U.S. home-builder sentiment slips but holds near seven-year peak
U.S. home-builder confidence in the market for single family homes eased slightly in February from last month's seven-year high as builders faced higher material costs, an index showed on Tuesday.
Abu Dhabi lays foundations for mammoth Pakistan property project
A member of Abu Dhabi's royal family says he plans to spend $45 billion over up to 15 years on a real estate project in Karachi, touted in Pakistan as the country's biggest ever foreign investment.
Analysis: ICE faces tough competition in iron ore swaps launch
IntercontinentalExchange Inc may struggle to wrest much business from Asian rival Singapore Exchange as U.S.-based ICE embarks on its latest push into the lucrative, 115-million-tonne market for iron ore swaps.
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 profit soars; forecasts strong 2013 earnings
Credit rating agency Moody's Corp , which could face a federal lawsuit tied to pre-crisis ratings, said quarterly profit jumped 66 percent and the company forecast strong 2013 earnings.
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.
Showdown at Peugeot plant as strike splits workers
AULNAY-SOUS-BOIS, France (Reuters) - For workers on the assembly line at Peugeot's doomed Aulnay plant near Paris, starting their shift has become a daily test of nerves.
Toyota aims to boost U.S. sales by 6 percent in 2013
Toyota Motor Corp aims to sell 2.
Honeywell signs contract to supply avionics systems to Brazil's Embraer
Diversified U.S. manufacture Honeywell International Inc said on Monday that it signed a $2.
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.
Steel Dynamics to go ahead with vertical integration
Steel producer and metals recycler Steel Dynamics INC.
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.