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Johnson Controls strikes $20bn Tyco acquisition Johnson Controls has agreed to acquire Tyco International in a $20bn industrial tie-up that will allow the manufacturer to slash its tax bill by moving its corporate domicile from the US to Ireland. The transaction is structured as a reverse takeover that will see Tyco shareholders own 44 per cent of the combined group, while Johnson Controls investors will hold the remainder and receive $3.9bn in cash. It values Tyco shares at $34.88, an 11 per cent premium to its closing price at the end of last week High quality global journalism requires investment....

President Barack Obama on Thursday toured a vehicle battery plant in Michigan, touting his administration’s focus on green technology and jobs, at a corporation where federal money authorized by the economic stimulus law that Obama signed at the beginning of his presidency had created "green" jobs at a cost of about $2 million in federal subsidies per job. Obama told the employees of Johnson Controls Inc., in Holland, Mich., gathered at the factory that they represented how America can come out of a recession by making products that can be sold around the world. The Obama administration announced this week...

MILWAUKEE, WI (AP) -- Saying the nation is on the verge of technological breakthroughs that would "startle" most Americans, President Bush on Monday outlined his energy proposals to help wean the country off foreign oil. Less than half the crude oil used by refineries is produced in the United States, while 60 percent comes from foreign nations, Bush said during the first stop on a two-day trip to talk about energy. Some of these foreign suppliers have "unstable" governments that have fundamental differences with America, he said. "It creates a national security issue and we're held hostage for energy by...

The President and the First Lady spent the weekend in Washington as is their normal practice they attended St John's Church on Sunday. The President's father attended the the 55th NBA All-Star Game in Houston, Texas on Sunday Today the President visited Johnson Controls Battery Technology in Glendale, Wisconsin, and spoke at Johnson Controls Building Efficiency Business Milwaukee, Wisconsin. He also visited United Solar Ovonic, LLC in Auburn Hills, Mich. Scott McClellan advised that whilst travelling the President had spoken to President Vicente Fox of Mexico to exchange ideas on how to stop violence and improve security along the two...

Bush: U.S. on Verge of Energy Breakthrough Feb 20, 4:44 PM (ET) By DEB RIECHMANN MILWAUKEE (AP) - Saying the nation is on the verge of technological breakthroughs that would "startle" most Americans, President Bush on Monday outlined his energy proposals to help wean the country off foreign oil. Less than half the crude oil used by refineries is produced in the United States, while 60 percent comes from foreign nations, Bush said during the first stop on a two-day trip to talk about energy. Some of these foreign suppliers have "unstable" governments that have fundamental differences with America, he...