The government's sixth largest contractor, United Technologies Corp, cancelled plans to furlough around 4,000 employees.
Industrials
Xylem appoints 'Bala' as Managing Director of India unit
Xylem appointed H Balasubramaniam as the company's managing director for its India operations. Xylem Inc was born as a spin off from ITT Corp. Xylem is a water technology company and it announced the appointment of General Electric executive H.
Curtiss-Wright wraps up USD98 million buyout of Arens Controls
Aerospace manufacturing and energy-focused product and service provider Curtiss-Wright Corp announced that it had closed its acquisition of Arens Controls, LLC, a vehicle control and power management solutions company.
Abraaj Group backs African Industrial Services Group
The Abraaj Group made its first investment in Cote d'Ivoire to back African Industrial Services Group.
Allied Blenders & Distillers set to purchase Sentini Bioproducts
Allied Blenders & Distillers would pay INR300 crore for the purchase of Sentini Bioproducts. Allied Blenders & Distillers, the Kishore Chahbria backed winemaker, had been in discussions with Sentini Bioproducts for the purchase of the latter's blending and bottling unit.
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Apollo Tyres Ltd and Cooper Tire & Rubber Co could not seem to agree on the initial price of its buyout deal.
Norilisk CEO Potanin, who purchased stock at the collapse of the Soviet Union, intends to make the mining firm's management world class.
KKR & Co LP would soon reach a deal to acquire Crosby Group LLC in a transaction valued USD1 billion, said two sources familiar with the matter.
New Italian PM Enrico Letta seeks to block the intent of Air France-KLM to increase its shareholdings in Alitalia.
Identified as an integral part of US interests in Asia, the Trans Pacific Partnership is being outlined between the US and eleven other countries.
The noteholders of GM Nova Scotia used a local law loophole to allow its earnings to double from the bankruptcy proceedings.
The UK Civil Aviation Authority had recommended a cap on price increases, much to the chagrin of the Heathrow investment group.
US Energy Information Administration Analyst Mike Conner said the agency still had funds to operate until October 11.
Five companies would be vying for the West Bengali government's shares in Haldia Petrochemicals Ltd through a bidding process.
