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General Electric CEO Larry Culp is turning to his former company as he continues to dismantle GE.Danaher, the industrial company Culp ran for years, agreed on Monday to buy GE's BioPharma business. The deal will raise .4 billion for GE, which is racing to fix its debt-riddled balance sheet by 309
Former Speaker of the House Paul Ryan is joining the board of the newly slimmed-down Fox Corporation, the parent company of Fox News.Ryan's and three other board of directors were appointed on Tuesday. It was a necessary step as the Murdoch family wraps up the Disney-Fox deal.Disney is acquiring most of 21st Century Fox, including its movie studio and entertainment cable channels. The deal will 410

Greyhound has been put up for sale after its UK owner caved to activist investors who wanted the company to ditch the bus line.FirstGroup, which owns the iconic inter-city bus operation, said Thursday that it wants to focus on its school transportation and commuter businesses.The company said in a statement that Greyhound has "limited synergies" with its other businesses in North America and that "value for shareholders can best be delivered by seeking new owners.""Our plans will create a more focused portfolio, with leading positions in our core North American contracting markets," added CEO Matthew Gregory.The company owns American school bus service First Student, which it says is the largest in North America. Its First Transit brand offers shuttle buses and other services to commuters in the United States.FirstGroup said the two divisions generate a combined 60% of the its operating profits and increasingly overlap in terms of the technologies and skills they require. Shares in FirstGroup surged almost 5% in London after the announcement.Greyhound said it serves 2,400 destinations across the United States and Canada, transporting nearly 16 million passengers each year.The separation is a big win for activist shareholder group Coast Capital Management, which owns just under 10% of FirstGroup.Coast Capital Management had been pushing FirstGroup's board to separate its businesses in the United Kingdom and North America.The investor group said that while it welcomed the plan announced Thursday, it still wants to take control of FirstGroup's board by replacing six of the current 11 directors.Coast Capital said it has "no confidence in the ability of the current board to deliver the changes needed to best effect, as there is precious little expertise in surface transport among the current lineup, especially in a US context." 1866
GARLAND, Texas — You might typically associate the days after Christmas as a time when people start returning things in mass quantities. But remember all those Black Friday sales? A lot of those sale items actually get returned right now. The items consumers take back to stores — or even send back after ordering online — make up an entire business of their own. Inventory at 390
Flooding in parts of Tennessee has left one person dead and sparked a state of emergency this weekend.One person died in Knoxville after driving his car into water on a flooded road early Sunday morning, according to Knox County Sheriff's Office.Knox County was under flash flood warning on Saturday afternoon and residents were warned that "this is a particularly dangerous situation. Seek higher ground now," according to the National Weather Service (NWS).Nashville broke a rainfall record on Saturday making this the city's wettest February in over 100 years.Tennessee Emergency Management Agency (TEMA) declared a state of emergency Saturday due to rising flood waters and "the potential for more severe weather," according to the declaration.In Chattanooga, a Subway restaurant was flattened by a mudslide caused by rain from the same storm system, according to the Signal Mountain Police Department.Several areas of the city of Dunlap were flooding to dangerous levels, and firefighters were working to evacuate all of the residents that might be in danger from the rising water. 1099
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