Operations
Illinois steel company announces US$19.7M move to Indiana
The Indiana Economic Development Corp. offered Alliance Steel more than US$2.7 million in conditional tax credits.
Honeywell moving headquarters, 750 jobs to North Carolina
About 1,000 employees will remain at six Honeywell locations in New Jersey.
United Technologies is breaking into 3 independent companies
The three companies will be United Technologies, which will house its aerospace and defence industry supplier businesses; Otis, the maker of elevators, escalators and moving walkways; and the Carrier air conditioning and building systems business.
Even small companies may be able to cut Amazon like deals
Whether a small business wants to buy or rent, it may have leverage with landlords or local governments to get breaks on rent or taxes.
Ensign moves up Trinidad bid deadline; target prefers Precision Drilling offer
Ensign insists the cash value of its offer of about $470 million now outweighs the all-shares offer by Precision.
Bombardier shares rebound from Friday’s loss by gaining more than 20 per cent
Quebec’s financial market regulator announced Thursday it is reviewing Bombardier’s executive compensation plan.
GE’s sprawling power, aviation, health care arms add risk
The sprawling company’s broad reach has left it vulnerable to market shifts in many industries.
TransCanada expects to raise dividend at eight to 10 per cent annual rate
Last week, a US judge blocked a permit for TransCanada’s Keystone XL project and ordered officials to conduct a new environmental review.
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Tesla names new board chair in settlement with regulators
Australian telecommunications executive Robyn Denholm has taken over.
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Bombardier cutting about 5,000 jobs as part of restructuring plan
The company also announced the sale of what it called a number of non-core assets.
Freshii withdraws 2019 outlook after widely missing third quarter results
The company had expected up to $285 million in sales from as many as 760 stores within the next year or so.
Amazon considering New York amid reports HQ will be split [UPDATED]
Reports suggest the e-commerce firm will split new location between New York City and Washington, DC.
GM offers buyouts to 18K workers after posting strong profit
Buyout offers were made Wednesday to salaried workers in North America with 12 or more years of service.
Energy giant BP says 3Q earnings more than double
The bump was attributed to higher oil prices and streamlined operations.
GE slashes dividend, takes US$22B charge in 3Q [UPDATED]
The multinational will split its power business into two divisions, one focused on gas and the other on steam, nuclear and other power solutions.
