Rockwell Collins buys B/E Aerospace for $62 per share
Oct 23 Aircraft component maker Rockwell Collins Inc has struck a deal to buy aircraft interior maker B/E Aerospace Inc for $62 per share in cash and stock, the companies said.
WASHINGTON May 20 President Barack Obama will gather executives from several major international companies including Ford Motor Co and Deutshe Lufthansa AG on Tuesday to discuss a White House initiative to encourage investment in the United States.
The White House says the program, SelectUSA, has assisted in winning more than $18 billion in business investments in 17 states and territories.
Obama, Commerce Secretary Penny Pritzker and other economic advisers will join the executives in a discussion about their U.S. investments.
"These businesses have recognized the many advantages of locating, growing and hiring in the United States," said Jeff Zients, director of the White House National Economic Council, in a conference call with reporters on Monday.
"We will discuss why they chose to invest and hire in the U.S. and how we can get even more investment from companies like theirs."
Other companies involved include Swedish telecom supplier Ericsson and Zurich NA, a subsidiary of Switzerland's Zurich Insurance, according to the White House. (Reporting by Jeff Mason; Editing by Bernard Orr)
BEIJING, Oct 23 General Motors Co plans to launch a new SUV production line at its joint venture factory in the Chinese central city of Wuhan during the first half of 2017, the official Xinhua News Agency reported on Sunday, citing company sources.
MILAN, Oct 23 Storage rooms crammed with loan documents have emerged as a hidden front line in Italy's battle to save its banks from the threat of financial crisis.