Shareholders are skittish about this deal, one analyst said. See why they shouldn't be.
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.
Shares of Wabtec skid after the company receives an analyst downgrade amid weaker-than-anticipated North American freight rail fundamentals.
Activist investor Jana Partners has built up a position in paint-coating maker and supplier Axalta Coating Systems amid the company's recent announcement that it is undergoing a 'strategic review.'
Commercial Metals cites strong construction activity for the big earnings beat.
United Technologies is Real Money's Stock of the Day. The industrial conglomerate agreed to an all stock merger of equals with defense contractor Raytheon. Real Money reporter Kevin Curran breaks down what investors need to be following regarding the deal.
A drop in ethanol prices coupled with weak demand for its biomaterial products were major factors in the asset write-down, the company says.
Auto-dealer inventories, especially for light trucks and SUVs, are so high in historical terms that they're likely to provide a drag on the U.S. economy this year, Bank of America economists warn in a new report. Vehicle manufacturers like Ford and GM may have have to slow down their assembly lines.
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