Industrial equipment maker Hillenbrand is buying plastics-processing equipment maker Milacron Holdings in a cash-and-stock deal valued at about $2 billion including debt.
Circor shares were lower after its board rejected Crane's sweetened $955 million hostile offer.
Industrial tools and supplies distributor MSC Industrial Direct reports fiscal third-quarter earnings short of Wall Street forecasts and lowers its guidance amid sluggish sales.
When it comes to his oft-stated goal of reducing the U.S. trade deficit, President Donald Trump isn't winning. The current account deficit - a broad measure of the trade balance that also encompasses some investment flows - has averaged $48.9 billion a month so far in 2019, roughly 17% higher than in 2016, the last full year before Trump took office.
The G-20 Summit in Japan could hold more intrigue than just the planned meeting between President Trump and Xi.
New orders for manufactured durable goods slipped by 1.3% in May to $243.4 billion, the U.S. Census Bureau reports. Economists had forecast no change during the month.
The steelmaker says it plans to idle two furnaces in the U.S. and another in Europe as demand weakens and prices fall.
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