MERGERS AND ACQUISITIONS
Pentair Ltd., Golden Valley, has completed the $1.8 billion purchase of Erico Global, a manufacturer of products for electrical, mechanical and civil applications. The transaction is expected to add more than 40 cents to 2016 adjusted earnings per share and will be funded through a combination of cash and investment-grade financing.
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Business
West mulls having Russian oligarchs buy way out of sanctions
Western allies are considering whether to allow Russian oligarchs to buy their way out of sanctions and using the money to rebuild Ukraine, according to government officials familiar with the matter.
Politics
Board: Michigan GOP governor hopefuls ineligible for ballot
Two of the leading candidates for the GOP nomination for Michigan governor were found ineligible Thursday for the August primary, prompting a likely court challenge and reshaping the race to take on Democratic Gov. Gretchen Whitmer in the battleground state this fall.
Politics
US education chief seeks action to prevent school shootings
Education Secretary Miguel Cardona said Thursday that he's ashamed the United States is "becoming desensitized to the murder of children" and that action is needed now to prevent more lives from being lost in school shootings like the one in Uvalde, Texas.
Business
Trump loses appeal, must testify in New York civil probe
Former President Donald Trump must answer questions under oath in the New York attorney general's civil investigation into his business practices, a state appeals court ruled Thursday, rejecting his argument that he be excused from testifying because his answers could be used in a parallel criminal probe.
Business
Sri Lanka PM stresses urgency for economic reform plan
Sri Lanka's prime minister said Thursday that he will quickly prepare an economic reform program and seek approval from the International Monetary Fund — because global inflation and the financial impact of Russia's invasion of Ukraine on other countries could limit their ability to help the island nation.
