US industrial production climbed 0.6 percent in November

FILE- In this Sept. 27, 2018, file photo a United Auto Workers assemblyman installs the front doors on a 2018 Ford F-150 truck being assembled at the Ford Rouge assembly plant in Dearborn, Mich. On Friday, Dec. 14, the Federal Reserve reports on U.S. industrial production for November. (AP Photo/Carlos Osorio, File) U.S. industrial production climbed 0.6 percent on surging […]

Read more

Sparton shares surge 38% on news company is being acquired by Cerberus

Sparton Corp.’s shares SPA, +39.41% soared 38% in premarket trade Wednesday, after the maker of electromechanical devices for the medical, military and industrial sectors said it has agreed to be acquired by private-equity firm Cerberus for $18.50 a share in cash. The price offers a premium of 41% over Sparton’s closing share price on Dec. 11 and comes after a […]

Read more

Continental profit hit by demand, emissions rules

Continental AG (CON.XE) said Thursday that third-quarter net profit slumped, hit by slowing demand in global auto markets and the effects from new emissions-testing rules. Net profit for the quarter fell 14% to 626.1 million euros ($717.3 million) from EUR729.1 million a year earlier. Revenue edged 0.9% higher to EUR10.79 billion. Earnings before interest and taxes dropped 18% to EUR851.6 […]

Read more

Trade gap in September widens even as exports jump

The numbers: The U.S. trade deficit in goods widened to a seasonally adjusted $76.0 billion, according to a preliminary report out Thursday from the Census Bureau. That figure excludes services. What happened: Exports rose 1.8%, or $2.5 billion, while imports rose 1.5%, or $3.1 billion. Economists had forecast a deficit of $76.2 billion. Meanwhile, wholesales inventories increased 0.3% for the […]

Read more

Electrolux profit dinged by raw-material costs

STOCKHOLM–Electrolux AB (ELUX-B.SK) on Friday reported a 19% fall in third-quarter net profit as increased prices across all of its business areas couldn’t fully offset higher raw-material costs, lower volumes and accelerating currency headwinds in Latin America. As a result, the company increased its guidance on expected cost headwinds for the year and narrowed its guidance for market growth. The […]

Read more

Caterpillar to raise prices to combat tariffs

Caterpillar Inc. reported higher profit thanks to price increases and rising sales, offsetting higher costs to make and ship its machinery due in part to metal tariffs. Like other manufacturing companies, Caterpillar has been working to ramp up production while keeping a lid on rising costs for materials and transport. Caterpillar said on Tuesday that lead times and availability have […]

Read more

Industrial IoT Intelligence Aims to Save Lives by Preventing Disasters

On March 23, 2005, a BP Plc oil refinery in Texas blew up, killing 15 people and injuring more than 170. The explosion's cause was BP employees overfilling and overheating an important piece of oil processing equipment, The Guardian reported at the time. BP ultimately shelled out more than $3 billion to pay fines, settle lawsuits, and improve the refinery, […]

Read more

New Industrial Revolution. Will Transportation Take You There?

This article was originally published on ETFTrends.com. In the second part of our series on the industrial sector, we’re highlighting Transportation. While defense contractors are thriving because of federal policy, transport and delivery companies seem to be chugging along in spite of it. In the face of real price increases from tariffs that will ultimately drive up prices, the Direxion Daily […]

Read more

China's industrial profit growth hits five-month low, points to cooler demand

BEIJING (Reuters) – Profit growth at China’s industrial firms slowed to a five-month low in August, fanning concerns about faltering domestic demand in the world’s second-largest economy as escalating trade frictions with the United States cloud its outlook. Demand for raw materials and industrial products has taken a hit this year as business expansion plans slowed, restrained by tighter funding […]

Read more
1 2 3