The Carlyle Group says it is buying DuPont's performance coatings business for $4.9 billion in cash, giving it another investment in the automotive and industrial segments. The private equity firm will also take on $250 million of DuPont's unfunded pension liabilities.
Hospira Inc. said Wednesday that it will pay $200 million to buy antibiotic manufacturing and research and development facilities from an Indian drug company. Hospira is buying the facility in Aurangabad from Orchid Chemicals & Pharmaceuticals. Hospira said the acquisition should reduce its costs, help it maintain its supply of key antibiotics like penicillin, and help develop future products.
Japan's Daikin Industries, Ltd., plans to buy Houston, Texas-based Goodman Global Group Inc., a purchase that will fortify its status as the world's biggest maker of residential heating, ventilating and air conditioning systems. Daikin, based in western Japan's Osaka, said Wednesday its board approved the $3.7 billion deal as part of its strategy for expanding in the U.S. residential market.
Perhaps one of the most significant contributions the Internet has made to our daily lives is the ability to find the rock-bottom price for just about anything we need to purchase easily. With a quick search on the right keywords, or a visit to megasites such as Amazon.com or eBay, we can find exactly what we’re looking for and save money to boot. Or so it would seem.
General Motors will temporarily close the Detroit-area plant that makes the Chevrolet Volt next month to control inventory and prepare to make a new model. Spokesman Bill Grotz says the factory will be off-line to match supply with demand and prepare to build the 2014 Chevrolet Impala. He wouldn't say how long. Grotz says GM is happy with its supply of electric Volts.
Molycorp Inc. said Monday that it has started operations at a new California mine that will become a source of rare earth elements used in applications ranging from hybrid electric vehicles to consumer electronics. Shares of Molycorp rose more than 5 percent in after-hours trading following the announcement.
In today’s world, the term social is used to describe the simplest task or component and often is more a marketing term than anything else. For all the social interactions written about social and sharing, they have mostly referred to a B2C business model. The social aspect works well for this scenario. What has been forgotten and overlooked is the lack of communication and social aspect as it pertains to the B2B model.
Spyker NV, the company that bought Saab but couldn't save it from bankruptcy, says Chinese car manufacturer Zhejiang Youngman Passenger Car Group Co, Ltd. will invest €10 million ($12.5 million) in Spyker to make a new car. Spyker said Monday Youngman will pay €6.7 million for a 29 percent stake in Spyker, and loan it another €3.3 million.
Maybe you’ve heard of Kickstarter before. It’s a relatively simple service in theory: It helps inventors, artists or designers (and other professionals) get funding to transform their designs into real products when they don’t have the up-front cash. The web service has definitively taken off in the last year or two, with many projects gobbling up millions of dollars in “investment.”
China on Wednesday slightly increased this year's quota for rare earths exports under controversial controls on the exotic minerals needed by manufacturers of mobile phones and other high-tech products. The Commerce Ministry announced an export quota of 9,770 tons for the second half of the year.
I have learned that each customer makes their purchasing decisions differently. Some companies delegate purchasing decisions to the local branch, while others centralize their purchasing. Whether the decision was made locally or from a central office, each buyer still had its own way of evaluating the purchase decision. Some buyers valued the lowest price, some valued relationship, and so on.
Now let’s discuss Six Sigma. Six Sigma, too, attacks a very real demon. That bad guy is named “variation.” It is a real and true deficit to our businesses to expend resources, time and energy desperately trying to control outcomes that are continuously changing and unpredictable. The aim of Six Sigma is to control processes well enough that their outcome is always stable and always predictable.
Spice and flavoring maker McCormick & Co. said Monday that it reached a deal to buy China's Wuhan Asia-Pacific Condiments Co. for about $141 million. The deal, which must be approved by regulators, is expected to close in mid-2013.
Parker Hannifin is selling its automotive air conditioning business to Germany's ContiTech AG.
Using predictive and prescriptive business analytics to improve supply chain operations.
China's government has further tightened curbs on production of rare earths used in mobile phones and other high-tech products in a move that might inflame trade tensions with Washington and Europe.
Spyker, the tiny Dutch luxury car maker that failed to revive Swedish automobile group Saab, says it has served Saab's former owner, General Motors Co., with the $3 billion lawsuit it lodged earlier this week.
If a business could make three dollars for every one it spent on training, wouldn’t it want to know how?
Police and fire officers are not the first responders; they are the official responders. You and your employees are the first responders.
Spyker Cars NV, the tiny Dutch company that bought Swedish carmaker Saab from General Motors Co., says it is now suing GM for $3 billion in damages.
ZeeVee, Inc., a developer of high definition video distribution products, recently moved its overseas contract manufacturing operations to Massachusetts from China, where it had been manufacturing since introducing its first-generation products about five years ago.
Ford Motor Co. is suing auto supplier Dana Corp. for allegedly providing faulty vehicle frames.
The U.S. Commerce Department has granted a request from Whirlpool Inc. to impose tariffs on washing machines imported from South Korea and Mexico.
Heineman and officials from two Nebraska companies said Monday that several agreements between Chinese companies and Nebraska ones have already been signed.