Schneider Electric SA, the world’s biggest maker of low- and medium-voltage equipment, is raising a 1 billion-euro ($1.3 billion) credit line to refinance existing debt, three people with knowledge of the matter said.
Latham & Watkins LLP’s Zachary Fardon was nominated by President Obama to be U.S. Attorney for the Northern District of Illinois in Chicago. He would replace Patrick Fitzgerald, who left last June and joined Skadden Arps Slate Meagher & Flom LLP.
Invensys Plc, the engineering company whose takeover discussions with Emerson Electric Co. broke down last year, is becoming more palatable for acquirers after shedding its railroad division and reducing pension liabilities.
Schneider Electric SA, the world’s biggest maker of low- and medium-voltage equipment, reported first-quarter sales that missed analysts’ estimates, hurt by falling demand in western Europe and North America.