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Industry, Materials & Utilities Headlines

Shareholders urge Akzo to negotiate with suitor PPG

Shareholders piled pressure on Dutch paint maker Akzo Nobel to open talks with U.S. rival PPG Industries on Wednesday after Akzo rejected a revised 22.7 billion euro takeover offer as too low, too risky and a bad fit culturally.

Canada's Enbridge to cut 1,000 jobs after buying Spectra

Canada's Enbridge Inc said on Wednesday it would cut about 1,000 positions, or 6 percent of its work force, after buying Spectra Energy Corp of Houston, the first layoffs for the combined energy infrastructure company, the biggest in North America.

Sears warns of 'going concern' doubts

Sears Holdings Corp, once the largest U.S. retailer, warned on Tuesday about its ability to continue as a going concern after years of losses and declining sales.

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