business

Torbjörn Törnqvist is selling his stake in Gunvor after renewed scrutiny of the firm’s Russia ties. Source link

Newell Brands will lay off about 10% of its professional and clerical employees, or over 900 workers, as part of its ongoing cost-savings plan. Source link

Targa Resources agreed to acquire Stakeholder Midstream, which provides natural gas gathering and processing services in the Permian Basin, for $1.25 billion in cash. Source link

Somnigroup International submitted a proposal to acquire Leggett & Platt in an all-stock deal worth approximately $1.63 billion. Source link

A generational rift hangs over the reboot of the plant to power Microsoft data centers. For some, it is a step backward; for others, it is the key to economic revival. Source link

Chevron subsidiary Star Deep Water Petroleum will take a 40% stake in the PPL 2000 and 2001 licences located in the West Delta basin. Source link

Airbus said that of the around 6,000 potentially affected aircraft, the vast majority have now received the necessary fixes against potential data issues from solar radiation. Source link

Shoppers are starting to draw the line on what they will pay for a new car, with some turning to used vehicles, taking on longer car loans and holding out for deals. Source link

More than other generations, 20-somethings are tightening their holiday-season budgets because of economic pressures. Source link