According to Axalta CEO Charlie Shaver, the Carlyle owned paint and coatings firm would benefit from car population increases in Mexico and Brazil.
Industrials
Mongolia will buy stake in Areva's uranium venture- PM
Prime Minister Norovyn Altankhuyag of Mongolia announced his government's plans to buy a strategic stake in Areva Mongol's uranium venture.
Schaeffler, holding company sell 4% stake in Continental to repay debt
Schaeffler AG said in a statement that the sale of its combined 4% stake in Continental AG with holding company Schaeffler Verwaltungs GmbH would be used to repay borrowings made to takeover Continental.
Packaging Corp of America acquires Boise
In a USD12.55 per share purchase, Boise Inc would serve to increase the capacity of the Packaging Corp of America.
Kennametal purchases tungsten unit of Allegheny Technologies
Aside from paying USD605 million for the tungsten business of Allegheny Tech, Kennametal gains tax savings as well as large revenues of the business.
Latest News
A source told Reuters that Boeing Co would be picked as South Korea's supplier for its fighter jets in a KRW8.3 trillion or USD7.64 billion agreement.
The INR3,000 crore investment this fiscal year by Tata Motors would push through despite economic slowdown in India.
181,000 gallons of asphalt that belonged to Goldman Sachs was burned after an explosion occurred at Elk Grove refinery.
The governments of the United States and Russia came to an agreement to seize the Syrian government's arsenal of chemical weapons within the week.
A report from a Chinese newspaper revealed that Samsung would be investing USD 500 million for a plant in China.
ThyssenKrupp AG is reconsidering the sale of its Steel Americas unit, selling off only its US operations.
Russian tycoon Suleiman Kerimov had been planning to sell 21.75% stake in Uralkali, held through his foundation, said reports.
Ford Motor Co. announced naming a new US sales chief after the retirement of its current executive effective November 1.
According to Bechtel EAME President David Welch, the growing business in the Gulf region required the opening of a new office.
