Biz/Tech
KKR, Apollo Global Seek to Acquire GE's Inventory Finance Arm as GE Looks to Shed Banking Units
KKR & Co. and Apollo Global Management is seeking to acquire General Electric Co.’s (GE) inventory finance arm, GE Capital Commercial Distribution Finance, people familiar with the matter told Bloomberg.
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Yahoo Loses its CMO Kathy Savitt to STX Entertainment, Will Join as Presdient of STX's Digital Business
Yahoo’s Chief Marketing Officer Kathy Savitt is resigning from her position after three years in the company, to join STX Entertainment, according to a report from The Hollywood Reporter.
BMO Financial Group Acquires GE Capital's Transportation Finance Unit, Grow Commercial Customer Base
BMO Financial Group has announced that it will be acquiring GE Capital Corporation’s Transportation Finance business in the U.S. and Canada, according to a press release issued by BMO Financial.
Axalta to Build R&D Facility at The Navy Yard, Will Develop Next Genaration Coating Products
Axalta Coating Systems, a leading global supplier of liquid powder coatings, has announced that it will be building its new Global Innovation Center at The Navy Yard in Philadelphia, according to a press release issued by Axalta.
GE Seeks to Sell its Asset Management Arm, Looking for a Premier Investment Management Firm
General Electric Co. (GE) has announced that it is looking to sell its GE Asset Management, the company’s asset management arm, according to a press release issued by GE.
Boeing Plans to Speed Up Production of 767 Aircraft, Accommodate 50 Orders from FedEx
Boeing Co. is planning to increase the monthly production of its 767 aircraft to 2.5 planes a month in late 2017, according to a report from The Wall Street Journal.
XPO Logistics to Acquire Con-way for $3 Billion, Enhance XPO's Range of Supply Chain Solutions
XPO Logistics, Inc. has announced that it will be acquiring Con-way, Inc. for about $3 billion, including $290 million of net debt, according to a press release issued by XPO Logistics.
Dell to Invest $125 billion in China, Partners with Several Local Companies
Dell, Inc. will be investing $125 billion in China over the next five years, as the company continues to expand its business in the second largest economy in the world, according to a report from Bloomberg.
Sun Life to Buy Assurance Inc's Employee Benefits Business, Boosts U.S. Presence
Sun Life Financial, Inc. has announced that it will be acquiring the Employee Benefits business of Assurance, Inc. for a net investment of $975 million, according to the press release issued by Sun Life.
Facebook Introduces New Business Page, Closer to Becoming Online Shop
Facebook, Inc. has announced that it will be updating its Facebook Pages to cater more to mobile devices to help businesses build a mobile presence and communicate easily with customers, according to a news release from Facebook.
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