Industrials

U.S. inspectors are still uncovering a host of problems at the plan that was the source of a major recall of numerous children's medications. 

Bailed-out insurer American International Group lost more than $1 billion from its ongoing operations in the first quarter, as the company took a huge charge for the termination of its credit facility from the Federal Reserve.

A gauge of manufacturing in New York State contracted for the fifth month in a row as new orders remained flat.

The $900 million cash-and-stock deal will  create one of the largest post-acute healthcare services company in the United States.

The Federal Reserve Bank of Philadelphia's survey shows the economy and jobs market are expected to grow more strongly in the first quarter than previously expected.

The diversified industrial company agreed to buy the medical diagnostics company for $83.50 per share.

New orders received by factories edged up in December and shipments of finished products were stronger.

The pipeline transportation and energy storage company  expects to raise as much as $2.3 billion in an initial public offering.

Austria's group Voestalpine is considering a plan to build a $1 billion plant in the United States that would convert iron ore into concentrate used in steelmaking, Trend magazine reported.

Borusan Mannesmann , Turkey's leading steel pipe manufacturer, will invest $150 million in building a production facility in the United States, the company said on Monday.

French trade unions accused President Francois Hollande of betrayal on Saturday after his government backed away from a threat to nationalize ArcelorMittal's Florange steelworks.

Wuhan Iron and Steel Group, China's fourth-largest steel producer, has shelved plans to build a steel mill in Brazil after negotiations on infrastructure investment floundered, the company's head Deng Qilin said on Sunday.

Stocks were set to open little changed on Monday as investors awaited any sign of progress in talks to avert the United States' so-called fiscal cliff of tax hikes and spending cuts.

Roman Abramovich, owner of Chelsea soccer club, may step up as a "white knight" minority shareholder to resolve a four-year power struggle at Norilsk Nickel in a deal that would also name the Arctic miner's largest owner Vladimir Potanin chief executive.

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Norwegian conglomerate Orkla expects to raise up to $350 million from floating off its specialist chemicals arm Borregaard and also hopes to cut debt by $175 million, it said on Monday.

Spanish steel producer Acerinox said on Tuesday it has decided, with immediate effect, to raise it base prices by 50 euros ($64.53) per metric tonne in Europe.

Norwegian conglomerate Orkla expects to raise up to $350 million from floating off its specialist chemicals arm Borregaard and also hopes to cut debt by $175 million, it said on Monday.