Kennametal Inc. reported a Q4 2015 loss of $66.5 million, capping a fiscal year in which it posted revenues of $2.1 billion and losses of $226 million. And now, the toolmaker plans to cut 1,000 jobs and increase cost-cutting “substantially.”
Bayer and Monsanto, in talks to create the world’s largest producer of seeds and pesticides, could reach an agreement in the next two weeks, said sources, who cautioned that negotiations could still fall apart or be delayed....More
By acquiring Medivation, Pfizer gets Xtandi, a cancer drug that’s already approved for sale in the U.S. and elsewhere, and that analysts project will generate $1.33 billion in annual sales by 2020....More
Johnson Controls is spinning off what's left of its auto business and refocusing on air conditioning and fire systems with the acquisition of Tyco International. Where will that leave Adient, the auto-parts spinoff?...More
What is manufacturing? IndustryWeek Executive Editor Steve Minter discusses some of the new attempts to categorize manufacturing activities, the blurring of manufacturing and services, and the impact on industry business models....More
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