Bloomberg General Electric Co. is nearing the sale of its factory power-generation unit to Advent International for at least $3 billion, the Wall Street Journal reported. The private equity firm apparently triumphed over a competing bid from Cummins Inc. and a transaction may be announced, the newspaper reported, citing people familiar with the matter who weren’t identified. The assets include ...

Bloomberg The Trump administration has collected more than $775 million so far from its metal import tariffs, as lawmakers from both parties blasted the duties and said the process for requests by companies for exclusions must improve. The tariffs President Donald Trump imposed in March have generated $582 million from steel imports and $195 million from aluminum as of last ...

A bright banner at NATO’s lavish new headquarters here proclaims the core conviction of the trans-Atlantic alliance: “We are together. We are strong.” But the words seem a bit hollow these days, as President Trump escalates his attacks on America’s traditional European partners. Trump’s “America First” policies have shaken many of the nations that looked to Washington as their ally ...