CEO Elon Musk described the hangups as “a relatively small shift” in the big picture, but investors seem wary, with Tesla shares trading down more than 5%.
In a financial and manufacturing story focused on the Midwestern hubs of St. Louis and Milwaukee, Emerson Electric Co. has reportedly offered during recent months to purchase Rockwell Automation Inc.
The industrial conglomerate has lost $100 billion in market value this year as investors came to terms with the dawning reality that GE’s businesses don’t generate enough cash to support its rich dividend.
AkzoNobel successfully rebuffed an unsolicited $29 billion buyout offer this year, coming under intense shareholder pressure in the process from activist investor Elliott Management Corp., which had pushed for tie-up talks.
An on-demand IndustryWeek-hosted webinar, sponsored by Autodesk
Sales of F-Series pickups surged 14% for the truck line’s best third quarter in a dozen years. Ford said annual earnings will be at the high end of the range it forecast earlier this year.
An on-demand IndustryWeek-hosted webinar, sponsored by Infor
An on-demand IndustryWeek-hosted webinar, sponsored by Esri