A crane loads a shipping container branded A.P. Moller-Maersk onto a freight ship.

Denmark’s Maersk to spin off drilling business, sell down Total stake 

Danish shipping company A.P. Moller-Maersk said on Friday it would spin off its offshore drilling operation and list it in Copenhagen next year as it focuses entirely on transport and logistics. The Danish company, which cut its full-year profit outlook this month, last year sold Maersk Oil to French oil major Total TOTF.PA in a […]

An employee bags a customer's purchases at a Kroger store in Peoria, Illinois.

Kroger to sell products on Chinese e-commerce site Alibaba

Daniel Acker | Bloomberg | Getty Images An employee bags a customer’s purchases at a Kroger store in Peoria, Illinois. Kroger will begin to sell its products on Chinese e-commerce site Alibaba, the latest in a series of initiatives to bolster its digital business. The Cincinnati-based grocer has over the past few months moved to […]

The convoy carrying a turbine produced by General Electric.

GE reportedly may sell power-conversion unit for half of 2011 price

General Electric is working with Credit Suisse bankers in preparation for a $1.5 billion sale of its power-conversion unit, Bloomberg News reported Friday. The embattled conglomerate paid $3.2 billion for the unit in 2011, according to the report. The power-conversion unit, formerly known as Converteam, may be ready to be put up for sale in […]