Ingersoll-Rand IR could announce as soon as Monday it will spin off its security division, according to multiple reports.The industrial company, under pressure from activist investor Nelson Peltz, also could announce a buyback of $2 billion and a hike in its dividend, reports said.
Virgin Atlantic and Delta Air Lines DAL will agree to a partnership on transatlantic flights once Delta seals a deal to buy Singapore Airlines' 49% stake in the British airline, a source close to the U.K. carrier told Reuters.Virgin founder Richard Branson wasn't immediately looking to sell any of his 51% stake in the airline, the source said, and he was "concentrating on working with Delta" if the U.S. airlines successfully buys Singapore's stake.
McDonald's MCD , the fast-food giant, is expected to report same-store sales for November on Monday. Analysts forecast global same-store sales at McDonald's to rise 0.1%.McDonald's posted its first decline in monthly sales in nine years in October.Investments That Go to the Dogs (and Cats)
Earnings are expected Monday from John Wiley & Sons JWA , Casey's General Stores CASY , ABM Industries ABM and Greif GEF .
-- Written by Joseph Woelfel >To contact the writer of this article, click here: Joseph Woelfel >To submit a news tip, send an email to: email@example.com.
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