Category Archives: Business

South Africa union ends four-week auto components strike

By Jon Herskovitz JOHANNESBURG (Reuters) – South African trade union NUMSA said it had reached a deal to end a four-week strike in the auto components sector that has crippled…

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No plans to step down for Norilsk's billionaire CEO

By Clara Ferreira-Marques & Douglas Busvine LONDON (Reuters) – When he took the helm of Norilsk Nickel last December as part of a deal that ended a long-running shareholder battle,…

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United Technologies' Sikorsky cancels shutdown-related furloughs

NEW YORK (Reuters) – Military contractor Sikorsky Aircraft, a division of United Technologies Corp , has canceled temporary layoffs that had been scheduled to start on Monday, due to the…

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Global Economy: Stakes start rising over Washington gridlock

By Alan Wheatley LONDON (Reuters) – The world is watching Washington’s showdown over the federal budget & debt ceiling with the same feelings of horror, disbelief & ghoulish fascination that…

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Exclusive: KKR nears $1 billion Crosby Group deal – sources

By Greg Roumeliotis & Soyoung Kim NEW YORK (Reuters) – Private equity firm KKR & Co LP is nearing a deal to acquire lifting equipment company Crosby Group LLC for…

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