ABB Chief Executive Officer Joe Hogan has decided to leave ABB for private reasons. A date for his departure has not yet been decided. Hogan will continue to lead ABB until a successor is announced. He is committed to a smooth transition.
An investment group led by Michael Dell is offering $13.65 per share in a deal that would take the company private. Southeastern and Icahn criticize that proposal in a scathing letter to Dell's board outlining their proposal. Icahn also has made a preliminary proposal to buy 58 percent of Dell stock for $15 per share.
A Michigan company that received a $50 million federal loan to make vans for the disabled has stopped production and laid off its 100 workers. Vehicle Production Group, or VPG, suspended operations in February after its finances dipped below a minimum level required as a condition of the federal loan.
Cereal maker Post Holdings Inc. is buying the branded and private label cereal, granola and snacks business of Hearthside Food Solutions for $158 million, partly as a way to broaden its presence in the cereals category. Post's existing cereal brands include Honey Bunches of Oats, Post Raisin Bran and Grape-Nuts.
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Scott Paul, executive director at Alliance For American Manufacturing and Bloomberg political analyst Matt Dowd discuss the state of manufacturing in the United States. They speak on Bloomberg Television's "Bloomberg Surveillance."
Hutchinson Manufacturing Inc., in Hutchinson, Minn., is celebrating their 60th year in business. Tom Daggett, president of Hutchinson Manufacturing, talks about the company his father started in 1953 and what it has lined up for the future.
A robotic pharmacy at the UCSF Medical Center could be the next big thing for hospitals. The robot counts, dispenses and packages pills with perfect accuracy. Doctors at the Medical Center say the machine has been a game-changer – eliminating errors and mistakes.
We've seen a number of concept cars from Audi, but when will we be able get behind the wheel of a fully plug-in electric car from Audi? Audi of America president Scott Keogh talks about Audi's technological breakthroughs in plug-in and self-driving vehicles.
The German government plans to give companies' shareholders a greater say in setting managers' pay. The proposal follows a similar decision by voters in neighboring Switzerland this year and comes as Germany prepares for national elections. The plan, approved Wednesday by Chancellor Angela Merkel's Cabinet, foresees obligatory, binding votes at publicly listed companies' annual general meetings on the pay system and levels for managers.
Signs are growing that the sustained surge in cyberattacks emanating from China is imperiling its relations with the U.S., lending urgency to fledgling efforts by both governments to engage on the issue. The Pentagon this week said China appeared to be cyberspying against the U.S. government, the first time it has made such an assertion in its annual report on Chinese military power.
Ferrari says it will limit sales of its high-performance street cars this year to below 7,000 units to protect the brand's aura of exclusivity. Chairman Luca Montezemolo says that means sales will decline overall by "more than 1 or 2 percent" from last year's sales of 7,318 cars. Sales in the first four months have risen 4 percent over last year.
A southwestern Michigan congressman says the Palisades Nuclear Power Plant should remain offline until operators permanently fix a persistent water leak that triggered a weekend shutdown. Entergy Corp. shut the plant Sunday, one day after operators found a tank leaking faster than federal regulators permit.
Almost a month into their review of the deadly blast at a Texas fertilizer plant, investigators are hoping to draw a picture from the air of how the plant looked before the explosion and compare it to the 93-foot-wide crater that's there now.
Another space industry heavyweight has signed on to use New Mexico's Spaceport America — Elon Musk's Space Exploration Technologies Corp., or SpaceX, Gov. Susana Martinez announced Tuesday. It agreed to a three-year lease to do testing of its "Grasshopper" reusable rocket in southern New Mexico.