Palmer said the company, famous for making the DB5 sports car driven by James Bond, had narrowed down a list of 19 possible locations to five or six sites, including Alabama in the United States, eastern Europe, Wales and a site near the central English county of Warwickshire and the cities of Birmingham and Coventry. "If you're going to build a plant then obviously...» Read More
April 21- Oilfield services provider Baker Hughes Inc, which is in the process of being acquired by Halliburton Co for $35 billion, posted a quarterly loss compared with a year-earlier profit as it recorded a $772 million charge related to restructuring and other items. Baker Hughes said it would cut 10,500 jobs, or 17 percent of its global workforce, up from 7,000...
April 20- A union working on behalf of Wal-Mart employees laid off in the sudden temporary closure of five stores filed a claim on Monday to the National Labor Relations Board accusing the retailer of retaliating against workers for organizing activity and seeking to get them rehired. Wal-Mart Stores, which announced last week that it was temporarily closing...
April 20- General Electric Co is in early-stage talks with Wells Fargo& Co about selling its entire $74 billion U.S. commercial lending and leasing portfolio to the bank, according to a source familiar with the situation. GE and Wells Fargo declined to comment. The talks with Wells Fargo underscored GE's urgency in looking to dismantle its GE Capital business and...
April 17- Honeywell International Inc, a major manufacturer of aircraft electronics and climate control systems, reported a 5 percent fall in quarterly revenue on Friday, hurt by the sale of its friction materials business and a strong dollar. Honeywell gets more than half its revenue from international operations and exports. Honeywell's transportation...
April 17- Diversified U.S. manufacturer Honeywell International Inc reported lower-than-expected quarterly revenue, hurt by the sale of its friction materials business and a strong dollar. Honeywell sold its friction materials business to Federal Mogul last year for about $155 million. Net income attributable to Honeywell rose to $1.12 billion, or $1.41...
Conglomerates are coming to the conclusion that they should stick to businesses in which they have a competitive advantage, Harry Wilson tells CNBC.
Shell’s $69 billion bid for BG Group could increase its exposure to Brazil at a time when the country appears to be destabilizing and stagnating.
The merger and acquisition climate in Europe got a little hotter on Wednesday with yet more dealmaking in the technology sector
Shell’s £47 billion ($69 billion) agreed deal for energy company BG Group has already sent shares in the UK energy utility up nearly 40 percent.
One of the biggest shareholders in cement maker Holcim said he was "unlikely" to vote in favor of merging with Lafarge.
A strong dollar, ongoing stimulus in Europe and low oil prices make a deal between FedEx and TNT Express possible, Fred Smith tells CNBC.
Luxury goods group Richemont has said it is in talks over a potential "business combination" between its online retailer Net-a-Porter and Yoox.
The merger of Kraft and Heinz could pave the way for future food mergers, but dealmaking will likely dip in the near term, analysts tell CNBC.
Scott Jordan wants to save the in-flight catalog SkyMall, but right now the airlines are not returning his calls, he told CNBC on Monday.
Drugmaker AbbVie said it will buy Pharmacyclics for about $21 billion to boost its oncology drugs pipeline.
NXP's acquisition of Freescale shows that semiconductors are a "consolidating industry," NXP CEO Rick Clemmer said.
Stifel Financial's purchase of Sterne Agee is about becoming more relevant to clients, CEO Ron Kruszewski tells CNBC.
Metals and mining companies Grupo FerroAtlantica and Globe Specialty Metals have entered an agreement to combine their businesses.
An Indonesian telecom found a way to restructure its debt over creditor objections: it loaned itself money and counted its own votes toward approval.
M&A experts forecast there will be more major pharma deals in 2015 — but the U.K. won’t be a focus and the deals won’t be done for tax reasons.