International Business

VF Corporation completes the sale of its global intimate apparel business to Fruit of the Loom Inc., a subsidiary of Berkshire Hathaway Inc. Proceeds of the sale will consist of the previously disclosed $350 million purchase price, plus adjustment for working capital changes.

According to the Associated Press, Techtronic Industries Co. Ltd. (TTI) will close Hoover's main campus in North Canton, Ohio, and some manufacturing operations of the vacuum-cleaner business by fall, resulting in 750 job cuts.

Workbrain Corporation reaches a definitive agreement with Infor Global Solutions European Finance, S.A.R.L. (Infor) under which Infor will acquire all of Workbrain's outstanding common shares at a price of $12.50 per share in cash pursuant to a statutory plan of arrangement.

BP deploys a global POS system from Retalix.

Kimberly-Clark (K-C) Corporation unveils the structure for its new Global Marketing organization as part of its ongoing effort to extend its brand-building capabilities, accelerate growth and product innovation, and improve the effectiveness of its marketing resources.

Reebok International Ltd. files a lawsuit against Nike Inc. in the U.S. District Court for the Eastern District of Texas, claiming Nike infringed on a patent arising from Reebok's collapsible shoe technology.

How challenges today are affecting business tomorrow

To maximize shareowner value, Cadbury Schweppes is evaluating options for the intended separation of its confectionery and Americas Beverages businesses.