Bristol-Myers Squibb Co. , the New York-based drugmaker, said it will cut 3 percent of its global workforce, about 840 jobs, during the next six months.
General Electric Co. must decide whether to accept France’s terms to complete the acquisition of Alstom SA’s energy assets, the U.S. company’s biggest deal ever, after winning the government’s support.
Jeffrey Immelt vanquished Siemens AG in the jockeying for Alstom SA’s energy assets and appeased French politicians. Now he’s looking ahead to the next obstacle: European regulators.
United Technologies Corp.’s twin bets on aviation and commercial building systems are paying off.
After tussling with French government officials, Jeffrey Immelt said he is confident General Electric Co.’s $17 billion deal for Alstom SA’s energy assets will win approval from European regulators.