Breaking business news: United Tech to buy Rockwell Collins for $30 billion

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Tuesday, September 5, 2017

United Tech to buy Rockwell Collins for $30 billion

(Reuters) - Aerospace supplier United Technologies Corp has struck a $30 billion agreement to buy avionics and interiors maker Rockwell Collins Inc , the companies said on Monday, in a deal that bulks up UTC's power with plane makers by creating one of the world's largest makers of civilian and defense aircraft components.

U.S. stock futures lower as North Korea tensions rise

(Reuters) - U.S. stock index futures were lower on Tuesday after North Korea conducted its most powerful nuclear test over the weekend, rattling investor sentiment.

Exclusive: EPA eyes limits for agricultural chemical linked to crop damage

(Reuters) - The U.S. environmental agency is considering banning sprayings of the agricultural herbicide dicamba after a set deadline next year, according to state officials advising the agency on its response to crop damage linked to the weed killer.

Lego to cut 1,400 staff as decade-long sales boom ends

COPENHAGEN (Reuters) - Lego said it would lay off 8 percent of its staff and revamp its business after reporting its first fall in sales in more than a decade on Tuesday.

Exclusive: Under pressure, Hyundai clashes with China partner over suppliers - sources

BEIJING/SEOUL (Reuters) - Hyundai Motor Co is at loggerheads with its Chinese partner over efforts to cut supplier costs, as they grapple with cut-throat competition and the impact of a stand-off between Beijing and Seoul, four people familiar with the dispute said.

L.A. Times, Chicago Tribune owner buys New York Daily News

(Reuters) - Newspaper company Tronc Inc , which owns the Chicago Tribune and the Los Angeles Times, said it acquired the New York Daily News from media and property mogul Mort Zuckerman.

Noble Group in talks to extend $2 billion credit facility deadline

SINGAPORE (Reuters) - Noble Group is in discussions with its North American lenders to extend an October deadline for a $2 billion credit facility, while also taking steps to sell parts of its business to cut debt, its chairman said on Tuesday.

Exclusive: Western Digital offers to exit Toshiba chip bid for better JV terms

TOKYO (Reuters) - Western Digital Corp has offered to drop out of a group bidding for Toshiba's coveted flash memory chip business to take a stronger position in their joint venture instead, two sources familiar with the matter said on Tuesday.

GM August China vehicle sales up 12 percent year on year

BEIJING (Reuters) - General Motors Co’s vehicle sales in China rose 12 percent in August from a year earlier to 328,425 units, following a 6.3 percent increase in July, the Detroit-based automaker said on Tuesday.

U.S. crude rises, gasoline falls as refineries restart

SINGAPORE/LONDON (Reuters) - U.S. oil prices rose on Tuesday and gasoline fell as the gradual restart of refineries in the Gulf of Mexico that were shut by Hurricane Harvey raised demand for crude and eased fears of a fuel supply crunch.

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