ABB Ltd ., the Swiss maker of factory robots and power transmission gear, agreed to buy Baldor Electric Co. for about $3.1 billion in cash to expand in the North American market for industrial motors and drives.
Ankur Singh and about 10 other Greyhound bus passengers huddled outside a locked terminal at 4 a.m. in Des Moines, Iowa. The wind chill was -17 degrees Fahrenheit (-27 degrees Celsius), and their connection wouldn’t arrive for five hours.
YRC Worldwide Inc., the trucker that stumbled after reaching No. 1 in the U.S. through mergers, said it remains interested in acquiring Arkansas Best Corp. following the rival company’s rejection of an offer to begin talks.
The U.S. Northeast may cool down in the second week of August, although there isn’t any relief in sight for the heat that has gripped the center of the country, said Matt Rogers, president of Commodity Weather Group LLC.