Industrials Up on Tax Bill Prospects -- Industrials Roundup

Features Dow Jones Newswires

Shares of manufacturing and transportation companies rose on the prospects for passage of a tax-cut package before Christmas. Sen Marco Rubio was likely to support the Republican Senate bill after its backers agreed to increase the child tax credit even for families who don't meet the income threshold to pay taxes. Freight train line CSX slid after Chief Executive Hunter Harrison was placed on medical leave. Shares of CSX have risen steadily since Mr. Harrison was brought in from rival Canadian Pacific Railway at the behest of activist investors in April. Lockheed Martin is considering a parternship with closely held Aerion to develop a supersonic business jet. Airbus is seeking a new chief executive as it wrestles with corruption investigations around the world and seeks to halt the flight of senior management. The Trump administration could intercede in Boeing and Airbus's plans to sell hundreds of jets to Iran, The Wall Street Journal reported.

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-Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

December 15, 2017 16:43 ET (21:43 GMT)