Texas Instruments (NTAP) announced Wednesday fresh restructuring plans that call for the elimination of 1,700 jobs, or roughly 5% of its work force. The company anticipates charges totaling $325 million in connection with the restructuring program. Texas Instruments is targeting annual savings of $450 million from the moves.
Honeywell (HON) and Rockwell Collins (COL)are set to receive major contracts to supply systems to Boeing (BA)for its updated 737 Max jetliner, two people familiar with the decisions told The Wall Street Journal.
Australia's GrainCorp on Thursday rejected a $2.8 billion takeover bid from Archer Daniels Midland (ADM).
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