Daimler AG (DDAIF) denied that is in talks with Fiat SpA (FIATY) about taking over the Italian carmaker’s industrial operations.
“There are no talks on this with Fiat,” Daimler spokesman Florian Martens told Bloomberg News. “In our industry at this t…
IBM, Oracle, Hewlett Packard and Intel have been on a buying spree of late, and it’s virtually guaranteed that they’ll be purchasing more companies over the next several months. But which companies will they target next? Here a…
Giant U.S. pharmaceutical group Abbott Laboratories is cutting 3,000 jobs, or about 3% of its workforce, following its purchase of Belgian-based Solvay’s drugs business.
Continue reading Abbott to Layoff 3,000 …
Don’t believe the fairy tales United and Continental are spinning about their proposed merger being beneficial to travelers and carriers alike: Beyond the deal to bring Southwest to Newark Airport that they cut placate the anti…
Cleaning-products maker Clorox Co. (CLX) is in talks to sell its auto-care brands STP and Armor All to private equity firm Avista Capital Partners for as much as $800 million.
The sale may be announced in the coming days, Bloomberg News reported without naming its sources. JPMorgan Chase (JPM) has been advising Clorox on the deal.
In May, Clorox CEO Don Knauss said the company would…
Continue reading Clorox May Sell Auto Care Brands for $800 Million
Clorox May Sell Auto Care Brands for $800 Million originally appeared on DailyFinance on Mon, 20 Sep 2010 08:12:00.
Filed Under: Company News, JP Morgan Chase, Autos, Retail