Stanley Black & Decker To Buy Infastech
Stanley Black & Decker Inc. (SWK) has agreed to acquire Hong Kong-based fastener manufacturer Infastech from private equity groups for $850 million in cash, in a deal aimed at further expanding the acquisitive tool maker's footprint in Asia.
Pfizer Says Alzheimer's Drug Study Failed to Reach Goals
Pfizer Inc. (PFE) said its bapineuzumab, a highly anticipated potential treatment for Alzheimer's disease, failed to reach its set goals in its first of four Phase 3 studies.
U.S. Republican Lawmakers in New Bid for Keystone Pipeline Approval
Republican lawmakers are making another attempt to push through approval of the Keystone XL oil pipeline, saying Monday that the purchase of Canadian energy producer Nexen Inc. (NXY, NXY.T) by China's Cnooc Ltd. (CEO, 0883.HK) demonstrates why the U.S. should move quickly to allow the flow of
Genesee & Wyoming to Buy RailAmerica in $1.39 Billion Deal
Genesee & Wyoming Inc. (GWR) has agreed to buy RailAmerica Inc. (RA) for $1.39 billion in cash, a move that combines the two largest short-line and regional-railroad operators in North America.
GRAIN HIGHLIGHTS: Top Stories of the Day
TOP STORIES: Kazakhstan Lowers 2012 Grain Harvest Forecast to 12.8 Million Metric Tons MOSCOW--Kazakhstan is likely to harvest 12.8 million metric tons of grain this year and not 14 million tons as was forecast earlier because of drought, according to a statement on the website of President
Texas Instruments Posts Lower Net, Offers Downbeat View
Texas Instruments Inc.'s (TXN) second-quarter profit fell 34% as the chip maker saw declines in sales of its embedded processors and wireless chips.
Moody's Changes Germany, Netherlands Outlooks to Negative
Moody's changed its ratings outlook to negative for Aaa-rated Germany, the Netherlands and Luxembourg, citing uncertainty about the euro zone's ongoing debt crisis.
STMicro Swings to 2nd Quarter Loss on Digital, Automotive Weakness
STMicroelectronics N.V. (STM, STM.FR, STM.MI) swung to a second-quarter loss as the semiconductor company saw softer results in its digital and automotive businesses. The Franco-Italian chip maker has now seen losses for three consecutive quarters, as it has faced declines in its wireless business,
Pfizer, J&J Alzheimer's Drug Falls Short In Study
Pfizer Inc. said late Monday that an experimental Alzheimer's treatment it's working on with Johnson & Johnson Inc. unit Janssen Pharmaceuticals did not meet clinical endpoints in a late-stage study.
Wal-Mart de Mexico 2nd-Quarter Net Profit Beats Forecast
Retailer Wal-Mart de Mexico SAB (WALMEX.MX, WMMVY) said Monday its net profit rose by 9.1% on the year in the second quarter on a double-digit sales expansion, despite having underperformed the growth seen in Mexico's broader retail market.