Caterpillar Inc., the biggest maker of construction and mining equipment, cut its 2013 sales and profit forecast and said revenue will be little changed next year after a slump in orders from commodity producers.
Staples Inc., the office-supplies retailer that Mitt Romney’s Bain Capital LLC helped take public more than two decades ago, is now offering private-equity buyers a bargain that will be tough to pass up.
There’s never been a cheaper time for private-equity firms to gamble on Best Buy Co., with founder Richard Schulze’s 20 percent stake up for grabs and the electronics retailer near its lowest-ever valuation.
DuPont Co. is considering a spinoff or sale of its performance chemicals unit, which makes titanium dioxide pigment and Teflon coatings, to focus on less cyclical products and boost shareholder returns.
Tiffany & Co., which almost tripled its value selling engagement rings since the recession, may be a takeover target after ending an alliance with Swatch Group AG and could hand investors an extra $3.4 billion in a deal.
Caterpillar Inc. cut its earnings forecast and posted profit that trailed analysts’ estimates for a third straight quarter as mining-equipment sales declined on slower commodity demand from emerging markets.