A record New Zealand dollar pushed the central bank into its first confirmed currency intervention in six years. It’s also forcing the nation’s biggest exporters to innovate as the soaring kiwi squeezes returns.
Dresser-Rand Group Inc., with one of the best sales outlooks among makers of oilfield equipment, is turning into a takeover candidate for buyers such as Siemens AG, National Oilwell Varco Inc. and Cameron International Corp.
Honeywell International Inc., the maker of products from thermostats to cockpit controls, predicts the U.S. will grow at a slower pace this year than economists estimate as Congress continues to grapple over spending.
General Electric Co.’s planned purchase of pump maker Lufkin Industries Inc. at the industry’s most expensive price tag is highlighting demand for oilfield equipment that may make Weatherford International Ltd. and Tesco Corp. the next targets.
Weatherford International Ltd. climbed the most in more than three months after General Electric Co. agreed to buy Lufkin Industries Inc., another provider of oilfield services, for about $3.3 billion.
Honeywell International Inc. forecast a 13 percent rise in 2012 earnings as emerging-market growth offsets a slump in Europe and increased demand for commercial aircraft boosts profit at its aerospace unit.
Whitman Capital LLC’s Doug Whitman used illegal tips from company “moles” to make trades on Polycom Inc., Google Inc. and Marvell Technology Group Ltd., a prosecutor told jurors at the end of the hedge-fund manager’s criminal trial.