Machinery/Industrial Goods

Factory orders sink 3.6% on fewer Boeing contracts. U.S. business investment still weak.

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Factory orders sink 3.6% on fewer Boeing contracts. U.S. business investment still weak.

Published: March 5, 2024 at 10:02 a.m. ET Story developing. Stay tuned for updates here. The numbers: U.S. factory orders fell 3.6% in January large due to fewer contracts for Boeing passenger planes, but there was not much sign of a broad revival among manufacturers. Economists surveyed by the Wall Street Journal had forecast a … Read more

Summit Materials to combine with Cementos Argos’ U.S. business in a cash and stock deal valued at about $3.2 billion

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Summit Materials to combine with Cementos Argos’ U.S. business in a cash and stock deal valued at about $3.2 billion

Published: Sept. 7, 2023 at 7:38 a.m. ET Shares of Summit Materials Inc. SUM rallied 2.4% in premarket trading Thursday, after the cement maker announced an agreement to combine with Argos North America Corp. (Argos USA), the U.S. operations of Colombia-based Cementos Argos S.A. CMTOY CO:CEMARGOS in a cash and stock deal valued at about … Read more