September 25 Biz Minute

Unilever, the maker of Dove soap, agreed to buy the Sara Lee Corp.s personal-care and European detergent unit for $1.8 billion, gaining Sanex shower gel in its biggest purchase in nine years.
THEN Simmons, the nation's second-largest mattress maker, said today that it agreed to be acquired by a private equity group for $760 million as part of a Chapter 11 restructuring plan that will allow it to slash its debt from $1 billion to $450 million.
With the housing industry crawling out of the worst downturn in a generation, KB Home posted a smaller third-quarter loss today as new home orders increased and the builder cut costs.
But with sales of new homes rising less than expected, and orders for durable goods like aircraft and electronics falling unexpectedly in August -
Chrysler's new governing board heard details today about plans to revamp the automaker's struggling product line by adding models based on those made by Italy's Fiat Group, meanwhile Ford and Toyota are starting to pour resources into the fast-growing Chinese car market......
Looking to lure passenger carriers to a nearly completed passenger terminal, San Bernardino International Airport officials this week approved a long-discussed package of incentives, worth more than $2.5 million for each airline it can draw.

Category:

News & Politics

Tags:

• Unilever
• Dove
• Sara Lee
• Sanex
• Simmons
• simmons mattress
• Chapter 11
• KB Homes
• Chrysler
• Fiat
• Ford
• Toyota
• Chinese
• China
• San Bernardino
• Airline
• international airport