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United Tech rejects Honeywell’s $90.7 billion offer

U.S. industrial conglomerate United Technologies on Friday rejected a $90.7 billion offer by rival aerospace supplier Honeywell International Inc, saying that pursuing a merger would be “irresponsible” toward its shareholders. United Technologies Corp said the two companies had talked about a possible combination for years. United Tech's filing came hours after Honeywell spelled out the details

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United Tech rejects Honeywell’s $90.7 billion offer

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G20 communique says monetary policy alone cannot bring balanced growth

Policymakers from the world's top economies said on Saturday that the world needs to look beyond easy monetary policy to provide balanced growth. In a joint communique issued at the end of the two-day conference of G20 central bankers and finance ministers in Shanghai, participants repeated previous pledges not to engage in

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G20 communique says monetary policy alone cannot bring balanced growth