3M Co., the maker of Post-it Notes and fuel system tuneup kits, gained in U.S. trading after posting a first-quarter profit that beat analysts’ estimates because of rising domestic auto and industrial demand.
Huntsman Corp. and Celanese Corp. are turning into the cheapest takeover targets in the U.S. chemicals industry as signs grow that a strengthening economy will boost demand for paint ingredients and building insulation.
Nabors Industries Ltd. has gotten so cheap that traders in the options market are betting the world’s largest land-drilling contractor may be a takeover candidate after the departure of its 81-year-old chief executive officer.
The price of bearish contracts on Alcoa Inc. jumped to the highest level since May 2009, as traders speculate this week’s earnings report won’t stem a plunge that has erased $9 billion of equity value.
General Electric Co.’s projected third straight quarterly profit gain would cap a year in which the company outperformed the Standard & Poor’s 500 Index for the first time since 2004 and raised its dividend twice.