MUNICH (Reuters) - Shares in Varta plunged on Monday after the German battery maker said restructuring options to avert insolvency would leave equity investors with nothing. The stock was down 80% after the open on Monday at a record low, following a statement on Sunday that two remaining turnaround proposals would result in a delisting, with existing shareholders, except Austrian...

03:58 AM EDT, 07/22/2024 (MT Newswires) -- RTX's (RTX) Collins Aerospace said Monday that the European Union's Clean Aviation HECATE project has completed its Preliminary Design Review. The HECATE consortium includes multiple European aerospace industry partners, including Collins, Safran, Airbus Defence and Space, Leonardo and several universities. The company said Collins leads the project's steering committee through its Applied Research...

04:09 AM EDT, 07/22/2024 (MT Newswires) -- Goodyear Tire & Rubber Company ( GT ) said Monday it has agreed to sell Off-the-Road tire business to The Yokohama Rubber Company for $905 million in cash. The company's Off-the-Road, or OTR, business provides tires globally for surface and underground mining, construction and quarry, as well as port and industrial end markets,...

03:47 AM EDT, 07/22/2024 (MT Newswires) -- Honeywell ( HON ) said Monday that United Airlines (UAL) has selected it to provide a wide range of avionics for the new 737 MAX aircraft that will enter service over the next decade. The company said that the avionics for new aircraft include 3D weather radar, new 25-hour flight data recorders and...