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Daily news and top headlines for manufacturing professionals

Forest Labs Buying Furiex In Deal Worth $1.5B

April 28, 2014 8:29 am | News | Comments

Forest Laboratories says it will spend as much as $1.5 million to buy Furiex Pharmaceuticals Inc. in a deal that could give the drug maker one of the broadest product lines for gastrointestinal treatments.              

Court Rejects Case Against Ex-Porsche CEO

April 25, 2014 9:32 am | News | Comments

A German court has thrown out market manipulation charges against the former CEO and chief financial officer of Porsche over the sports car maker's failed attempt to take over Volkswagen AG in 2009.           

Nokia, Microsoft Close $7.5B Deal

April 25, 2014 7:49 am | News | Comments

Friday's closure of the deal, which includes a license to a portfolio of Nokia patents, follows delays in global regulatory approvals, including from China.                

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Alstom Shares Jump Amid Rumors Of GE Buyout

April 24, 2014 8:37 am | News | Comments

Shares in French train and equipment manufacturer Alstom have spiked on reports that General Electric Co. is considering making a bid for the company.                   

Large Scania Shareholder Accepts VW Bid

April 24, 2014 8:28 am | News | Comments

Volkswagen has come closer to realizing its ambition to takeover Scania after the fourth largest shareholder in the Swedish truck maker announced it will accept the $9.2 billion bid.            

Textron Cutting 750 Cessna, Beechcraft Jobs

April 23, 2014 12:15 pm | News | Comments

Just over a month after buying Beechcraft for $1.4 billion, Textron announced 750 job cuts at that company and at its Cessna division.                      

Novartis, Glaxo, Lilly In Multibillion-Dollar Deals

April 22, 2014 12:22 pm | by John Heilprin, Associated Press | News | Comments

Swiss pharmaceutical giant Novartis announced a series of multibillion-dollar deals with other major pharmaceutical companies that it said would reduce sales but boost profitability, while affecting some 15,000 of its employees globally.       

Valeant, Ackman Make $45B Bid For Allergan

April 22, 2014 8:47 am | News | Comments

Valeant Pharmaceuticals and activist investor Bill Ackman have unveiled details of their offer to buy Botox maker Allergan, proposing a cash-and-stock deal that could be worth about $45 billion.           

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TreeHouse Foods Buys Protenergy For About $150M

April 21, 2014 7:58 am | News | Comments

TreeHouse Foods is buying private label food and beverage company Protenergy Natural Foods for 170 million Canadian dollars (about $150 million).                    

Post Buying Michael Foods For $2.45B

April 17, 2014 8:19 am | News | Comments

Cereal maker Post Holdings Inc. is buying fellow packaged food maker Michael Foods Inc. in a $2.45 billion deal that will expand Post's range of products.                  

Johnson Controls Buys Air Distribution Business

April 16, 2014 12:29 pm | News | Comments

Johnson Controls, which makes both automotive and building systems, said Wednesday that it's buying Air Distribution Technologies from the Canada Pension Plan Investment Board for about $1.6 billion.              

Zebra Buying Motorola Business For $3.45B

April 15, 2014 9:49 am | News | Comments

Zebra Technologies will spend more than $3 billion to buy the enterprise business of Motorola Solutions in a considerable expansion that is both technological and geographical.                

Google Buys Drone Maker

April 15, 2014 7:49 am | by Barbara Ortutay, AP Technology Writer | News | Comments

Google has bought Titan Aerospace, a maker of solar-powered drones, saying it could help bring Internet access to remote parts of the world as well as solve other problems.               

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Judge Sets Hearing In Boeing Sale Lawsuit

April 10, 2014 12:58 pm | News | Comments

A federal judge in Kansas has set a hearing in the lawsuit against Boeing brought by two unions over pensions and retiree medical benefits.                   

Mars Buys Some P&G Pet Food Brands For $2.9B

April 9, 2014 10:51 am | by Mae Anderson, AP Business Writer | News | Comments

Mars is buying some of Procter & Gamble's pet food brands for $2.9 billion to help strengthen its pet care business.                           

Mallinckrodt To Buy Questcor For About $5.6B

April 8, 2014 9:01 am | News | Comments

Mallinckrodt is buying California-based Questcor Pharmaceuticals Inc. for a combination of stock and cash valued at about $5.6 billion that will help to further diversify the Irish company's business.          

China OKs Nokia-Microsoft Deal

April 8, 2014 8:30 am | News | Comments

Nokia has received regulatory approval from Chinese authorities to sell its mobile phone unit to Microsoft Corp., removing one of the last major hurdles to the $7.3 billion deal.              

Blackstone Buying Gates For $5.4B

April 7, 2014 3:49 pm | News | Comments

Private equity firm The Blackstone Group will buy industrial products maker Gates Corp. for $5.4 billion, according to Gates' owners.                      

Sherwin-Williams Ends Deal For Comex's Mexican Unit

April 7, 2014 3:28 pm | News | Comments

The Cleveland-based paint company had agreed in 2012 to buy Consorcio Comex in a deal valued at $2.34 billion, including debt, to increase its presence in certain markets.              

Holcim, Lafarge Create Swiss Merger

April 7, 2014 9:50 am | by John Heilprin, Associated Press | News | Comments

Two of the world's largest suppliers of building materials announced plans for a "merger of equals" Monday that would create an industry giant with a combined 32 billion euros ($44 billion) in annual revenues.         

Sun Pharma Buys Ranbaxy In $4B Deal

April 7, 2014 7:50 am | by Kay Johnson, AP Business Writer | News | Comments

India's Sun Pharmaceutical Industries is buying troubled generic drug maker Ranbaxy Laboratories in a $4 billion deal, the companies said Monday.                   

Milwaukee Group Wants To Bring Pabst Blue Ribbon Home

April 4, 2014 11:50 am | by Carrie Antlfinger, Associated Press | News | Comments

A small group of Milwaukee residents wants to revive part of that proud history by buying Pabst Brewing Co. from a California executive in hopes of returning the brand to its birthplace, possibly as a city-owned brewery.        

Stratasys Buys Solid Concepts, Harvest Tech

April 2, 2014 8:46 am | News | Comments

Solid Concepts Inc. is the biggest independent additive manufacturing service bureau in North America and a partner to RedEye, Stratasys' existing digital manufacturing service business.             

Actavis Plans To Spend $100M On Generic Drug Maker

April 1, 2014 3:21 pm | News | Comments

Drug maker Actavis Plc plans to expand its reach into Southeast Asia by spending about $100 million to buy Silom Medical Co., a generic pharmaceutical company focused on Thailand.              

Daimler Buys Lithium-Ion Battery Maker

April 1, 2014 8:01 am | News | Comments

Daimler AG is acquiring the remaining shares in a lithium-ion battery cell maker from specialty chemical company Evonik Industries AG as it intensifies its focus on electric cars.             

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