Industrials

Halliburton 4Q Net Beats the Street

The oilfield services company recorded a better-than-expected quarterly profit and said its revenues would grow faster than oil and gas companies would drill this year.

Onex to Buy USI for $2.3B

Canadian private equity company Onex said it will buy USI, a U.S. provider of insurance brokerage services, from GS Capital Partners for $2.3 billion.

Judge Approves Hostess Liquidation

A U.S. bankruptcy judge approved Hostess Brands' plan to wind down the company after last-minute mediation fell through Tuesday night. 

Deere Grows Sales 14% But Profit Disappoints

The world's largest farm equipment maker posted fourth-quarter earnings and sales sharply below Wall Street expectations as stronger sales could not outpace sales growth.

Mediation Between Hostess, Union Fails

Developing: Hostess Brands and one of its biggest unions failed to reach an agreement in private mediation Tuesday, the company said. The move will likely pave the way for an ultimate liquidation.

Hostess, Union Agree to Mediation

Hostess Brands and one of the snack maker’s unions have agreed to private mediation taking place on Tuesday that could stave off a liquidation.

Smucker Grows 2Q Net 17%, Hikes Outlook

J.M. Smucker matched Wall Street’s expectations with a 17% increase in fiscal second-quarter profits, leading the jam and jelly maker to boost its full-year guidance.

Xerox Sees 4Q Miss, Boosts Buyback Program by $1B

Xerox warned it will likely post disappointing earnings in the fourth quarter but also unveiled plans to boost its quarterly dividend by 35% and bolster its share buyback program by $1 billion.

East Coast Slowly Recovers from Sandy

Officials raced to fix infrastructure, restore power, and help millions of victims across the Eastern Seaboard in the wake of Hurricane Sandy. 

Corning's Rosier 4Q Outlook Lifts Shares 8%

Shares of Corning soared 8% after the glass maker upped its forecast for fourth-quarter LCD and specialty glass sales volume amid stronger-than-expected demand for LCD TVs.

Sandy Rebuilding Rally: Construction, Home Improvement Stocks Rise

While the East Coast attempts to clean up from Hurricane Sandy, the super storm is already proving to be a boon for the stock prices of companies that could benefit from the massive rebuilding efforts. Read: NYC Restricts Traffic'  |  Watch: Were Exchanges Prepared for Sandy?