Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Economy & Forex  >  All News

News : Economy & Forex
Latest NewsCompaniesMarketsForexCryptocurrenciesCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies / ForexCryptocurrenciesEconomic EventsPress releases

Industrials Up On Deal Activity -- Industrials Roundup

share with twitter share with LinkedIn share with facebook
share via e-mail
01/13/2020 | 04:57pm EST

Shares of industrial and transportation companies rose amid deal activity.

Manufacturer Wesco International agreed to buy network-and-security products maker Anixter International for $3.38 billion, or roughly $100 a share, after buyout firm Clayton Dubilier & Rice dropped out of a bidding contest.

Aerospace suppliers Woodward and Hexcel divulged plans for an all-stock merger in what executives said was a response to climate-change pressures on the industry, as "flight shaming" generates concerns about fuel efficiency. Both companies are also major suppliers of Boeing, making parts for its troubled 737 MAX jet.

In the latest evidence that a trade ceasefire may not be enough to save the Chinese economy from a "hard landing," Ford Motor warned it expects weak sales in the largest global car market next year. Ford's China sales fell for the third year in a row in 2019, adding up to less than half of what it sold at the peak of the market in 2016, a situation that it warned is likely to get worse in 2020.

Greg Kelly, the man his fellow former Nissan Motor executive Carlos Ghosn left behind to face charges of financial crimes alone, said his own case will suffer without his one-time boss, in an interview with The Wall Street Journal.

Write to Rob Curran at rob.curran@dowjones.com

Stocks mentioned in the article
ChangeLast1st jan.
ANIXTER INTERNATIONAL INC. -0.89% 97.16 Delayed Quote.6.44%
BOEING COMPANY (THE) -4.33% 304.14 Delayed Quote.-2.41%
FORD MOTOR COMPANY -4.49% 7.23 Delayed Quote.-22.26%
HEXCEL CORPORATION -5.05% 70.15 Delayed Quote.-4.31%
NISSAN MOTOR CO., LTD. -4.50% 481.4 End-of-day quote.-0.72%
RENAULT 0.56% 28.85 Real-time Quote.-31.88%
WOODWARD, INC. -3.66% 112.99 Delayed Quote.-4.60%
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news "Forex"
05:42aEU FACES PRODUCTIVITY, DEBT REDUCTION, INVESTMENT CHALLENGES : Commission
RE
05:25aOil slides for fourth day as pandemic fears deepen
RE
05:16aNEWS HIGHLIGHTS : Top Company News of the Day
DJ
05:16aNEWS HIGHLIGHTS : Top Global Markets News of the Day
DJ
05:06aWorld shares slump for fifth day, bets grow on interest rate cuts to counter damage
RE
04:59aECB had 'heated' debate on inflation target, Holzmann says
RE
04:58aKenya Power's full-year pretax profit slumps 93%
RE
04:53aHong Kong, Hit by Coronavirus and Protests, to Hand Out Billions in Cash
DJ
04:52aWorld shares slump for fifth day, bets grow on interest rate cuts to counter damage
RE
04:51aOil slides for fourth day as pandemic fears deepen
RE
Latest news "Forex"