Log in
E-mail
Password
Show 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
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

Industrials Rise as Data Shows Higher U.S. Industrial Production - Industrials Roundup

09/15/2021 | 04:55pm EDT

Shares of industrial and transportation companies rose as data showed industrial production in the U.S. rising to pre-pandemic levels in August, although persistent supply constraints and shutdowns related to Hurricane Ida weighed on activity in some sectors.

Industrial production -- which includes factory, mining and utility output -- rose at a seasonally adjusted 0.4% in August compared with the previous month, according to data from the Federal Reserve.

In deal news, Kansas City Southern agreed to sell itself to Canadian Pacific Railway in a cash-and-stock transaction that gives it a roughly $31 billion enterprise value, including $3.8 billion in debt, the companies said. The agreement comes after Kansas City Southern said Canadian Pacific's offer is superior to the one it had accepted from Canadian National Railway.

Raytheon shares rose after CEO Greg Hayes says the Delta variant hasn't derailed the recovery of its airline spares and repair business.

 Write to Amy Pessetto at amy.pessetto@dowjones.com 

(END) Dow Jones Newswires

09-15-21 1654ET

Latest news "Economy & Forex"
02:40pDow weighed down by IBM, risk-off sentiment; Nasdaq gains
RE
02:25pUnion Pacific says 24/7 California port operations no quick fix
RE
02:22pHow Fed policymaker investments stack up against each other
RE
02:19pBrazil to grant fuel relief to 750,000 truckers, Bolsonaro says
RE
02:15pTEXT-Fed Reserve statement on new investment guidelines for officials
RE
02:15pCalifornia seeks major limits on new oil drilling near communities
RE
02:00pFed bans stock trading, restricts other investing activities by top officials
RE
01:59pGuyana could revive talks with India on crude oil supplies -vice president
RE
01:52pProfits at U.S. hospital chains may come under stress from nursing shortage
RE
01:51pUs dollar index rises to session high of 93.74, now up 0.13% on the day
RE
Latest news "Economy & Forex"