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.
Invensys Plc, the engineering company whose takeover discussions with Emerson Electric Co. broke down last year, is becoming more palatable for acquirers after shedding its railroad division and reducing pension liabilities.
SPX Corp., which ended talks to buy equipment maker Gardner Denver Inc. last year, is poised to become a target itself after activist Relational Investors LLC urged it to shed assets and focus on industrial pumps.
3M Co., the manufacturer whose new chief executive officer has said he’s considering larger deals, agreed to buy Ceradyne Inc. for $860 million to expand into ceramics used in energy, aerospace and defense industries.
General Electric Co. led the Dow Jones Industrial Average to its highest level since 2007 after fourth-quarter profit topped analysts’ estimates, with across- the-board growth in industrial businesses surpassing gains in finance.
U.S. Supreme Court justices suggested they will shield companies from some suits alleging complicity in overseas atrocities, as the court debated how far to go in scaling back a favorite legal tool of human-rights advocates.