General Electric Co. boosted Chief Executive Officer Jeffrey Immelt’s base salary by 6 percent last year, his first raise since 2005, after he nursed the company back to health following the 2008-09 financial crisis.
A push by Warren Buffett’s railroad to boost oil-shipment safety is meeting resistance from Hess Corp. and other companies that say the plan would mean a surge in costs and force them to scrap thousands of tank cars.
3M Co. is working with Goldman Sachs Group Inc. to sell components of its electronics business that the industrial- and consumer-products maker has decided are underperforming, people with knowledge of the matter said.
Kansas City Southern, the U.S. railroad that gets almost half its revenue from Mexico, fell the most in the Standard & Poor’s 500 Index after the lower house of Mexico’s Congress approved a bill to increase rail competition.
Cockpit technology to cut the risk of on-ground airport collisions is moving toward commercial adoption as Honeywell International Inc. targets business jets like those favored by chief executive officers.
YRC Worldwide Inc., the U.S. trucker trying to reverse annual losses dating to 2007, increased the rate it’s offering on a $700 million term loan as lenders decide today whether they will participate in the refinancing, according to a person with knowledge of the deal.