US Business

BASF will keep a 40% stake in the business, which the deal values at $8.91 billion, after the sale is complete.

Shares rose 16% above the IPO price in what is the largest offering in Europe since 2022.

The acquisition from ABB marks the largest in a long and patchy record of robotics investments by SoftBank Chief Executive Masayoshi Son.

Buyers and sellers are flooding the crowded Midtown block that holds more than 2,500 businesses.

Patrick James started out buying small Ohio factories and ended atop a messy conglomerate with piles of hidden debt.

Strathcona Resources terminated its takeover bid for MEG Energy, days after rival Cenovus Energy upped its offer to buy out the Canadian oil-sands producer and changed the terms of their standstill agreement.

Orders and prices are soaring for the monster machines made by GE Vernova, Siemens Energy and Mitsubishi Heavy Industries.

The two companies are already codeveloping a treatment for ulcerative colitis.

A 10-year study of a large multinational firm found that the best bosses steer their employees into just the right roles.

Delinquency rates on subprime auto loans are at records.