McKesson - The drug wholesaler has won a contract to supply drugs to facilities operated by the U.S. Department of Veterans Affairs. The eight-year contract is worth about $4 billion annually.
Dynegy - The company has received a noncompliance notice from the New York Stock Exchange, meaning it could be delisted. The energy producer’s stock price has fallen below $1 for more than 30 consecutive days, putting in violation of the Big Board’s listing rules. It has six months to regain compliance with that minimum share price requirement.
Ford Motor, Dow Chemical - The two have announced a joint venture to explore better ways to use carbon fiber in car and truck components. The aim is to improve fuel efficiency by making vehicles lighter, with Ford aiming to cut between 250 and 750 pounds from the weight of its cars and trucks by 2020.
Caterpillar - Caterpillar is selling the distribution business for its Bucyrus mining equipment unit to one of its Australian dealers in a $400 million transaction. Caterpillar bought Bucyrus for $7.6 billion last year.
Microsoft - The software giant has won a temporary restraining order against Motorola Mobility preventing it from blocking the sales of Microsoft’s Windows operating system and Xbox videogame console in Germany. Motorola would be able to seek an injunction to do that, if a German court rules in its favor next week in a patent dispute.Page 2 of 3 | Prev Page | Next Page