BOSTON — General Electric is selling its biopharma business to Danaher Corp. for $21.4 billion as the industrial giant continues to shed pieces of itself. The biopharma unit, part of GE Life Sciences, generated revenue of about $3 billion last ...Read More »
General Electric Co.’s pension trust is suing American International Group Inc. over losses related to the insurer’s 2008 government bailout. AIG failed to disclose to investors the risk in its portfolio as the company increased its exposure to the subprime ...Read More »
The National Football League, Baltimore-based Under Armour Inc. and Fairfield, Conn.-based General Electric Co. on Wednesday launched Head Health Challenge II, an open innovation challenge to award up to $10 million for new innovations and materials that can protect the brain from traumatic injury and for new tools for tracking head impacts in real time.Read More »
PITTSBURGH — One of America’s corporate giants is investing billions of dollars in the new boom of oil and gas drilling, or fracking. General Electric Co. is opening a new laboratory in Oklahoma, buying up related companies, and placing a ...Read More »
LOS ANGELES — Comcast’s $16.7 billion deal to buy the remaining half of NBCUniversal ahead of schedule represents a resounding vote of confidence in the future of TV, even as the growth of Internet video reshapes the entertainment landscape. The ...Read More »
WASHINGTON — Some of the nation’s leading manufacturing companies announced a new program Monday to help veterans gain the skills necessary to fill some of the estimated 600,000 high-tech, manufacturing jobs that remain open because employers can’t find qualified applicants. ...Read More »
NEW YORK — The Dow Jones industrial average is dumping Cool Whip for copays. The Dow, perhaps the most widely known barometer of the U.S. stock market, announced Friday that it would boot Kraft Foods to make room for UnitedHealth ...
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