Ford nears sale of Aston Martin

Article Abstract:

Ford Motor Co. of the United States is planning to divest its Aston Martin unit due to financial challenges in the North American market. The automobile giant is rumored to be in talks with automobile-racing entrepreneur David Richards. A deal values the brand at approximately 450 million Pounds ($870 million).

Motor Vehicles and Equipment, Ford Motor Co., Transportation equipment industry, F, Automotive industry, Company overview, Financial report

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GE to buy part of Hydril unit from Tenaris

Article Abstract:

General Electric Co. has bought Hydril's pressure control equipment business from Luxembourg-based steel tube manufacturer Tenaris S.A. for $1.12 bil. The deal will enable GE to increase its presence in the deep-sea petroleum drilling equipment sector.

ELECTRONIC & OTHER ELECTRIC EQUIPMENT, Oil and gas field machinery, Nonferrous Rolling and Drawing, Steel pipe and tubes, Concrete products, not elsewhere classified, Plastics pipe, Electrical equipment and supplies industry, Electric equipment industry, General Electric Co., GE, Pipe industry, Pipe and tube industry, Oil and gas field equipment industry, Luxembourg, Tubing industry, Tenaris

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