Activist investor Nelson Peltz will join the board of Ingersoll-Rand ( IR) as he pushes to improve profitability at the industrial conglomerate, The Wall Street Journal reported, citing people familiar with the matter. Peltz's Trian Management LP fund took a roughly 7% stake in the company in May. The company is expected to announce Peltz's appointment to the board on Monday, the people told the newspaper. Bridgewater Bets on Insurers, Brazil
Julius Baer , the Swiss private bank, said Monday it would acquire Merrill Lynch's wealth-management business outside the U.S. and Japan from Bank of America ( BAC) for $880 million.
Motorola Mobility, which Google ( GOOG) bought in May, told employees Sunday it plans to cut 20% of its work force and close nearly a third of its 94 offices worldwide, The New York Times reported.
Sysco ( SYY) is expected Monday to report fourth-quarter earnings of 54 cents a share on sales of $11.04 billion.
Barnes & Noble ( BKS) is reducing by $20 the price for its less-expensive model Nook tablet, undercutting by that amount the rival Kindle Fire sold by Amazon.com ( AMZN). Barnes & Noble Cuts Nook Prices -- Written by Joseph Woelfel >To contact the writer of this article, click here: Joseph Woelfel