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GOTEBORG, Sweden — SKF today officially opened its second bearing factory in Dalian, northeast China, according to a press release.The factory produces medium size bearings, which complement the range of

OMAHA, Neb. — American conglomerate Berkshire Hathaway has completed its $9 billion acquisition of specialty chemical maker Lubrizol, according to Banking Business Review.With the closing of this transaction, Lubrizol is

SCHAFFHAUSEN, Switzerland — Tyco International Ltd. today announced that it will split into three independent, publically traded companies, according to a press release.The three companies created through the separation

SHANGHAI — A fire broke out late Thursday evening in an alkene production facility at the Shanghai Secco Petrochemical Co., Xinhua News Agency reported.Firefighters worked through the night to extinguish

NEW YORK — James Margulies, a former automotive-chemical CEO, received a prison sentence of seven to 21 years for a multimillion-dollar stock manipulation scheme, The Associated Press reported.The former

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3M Co. named Michael Vale executive vice president of its Consumer and Office Business division, succeeding Joe Harlan, who is leaving to take a top management post at Dow Chemical