Lear Corp. rose the most in more than a year while Dana Holding Corp. fell after the auto-parts suppliers reported quarterly earnings.
Moelis & Co., the New York-based investment-banking firm founded by Kenneth Moelis, hired Roger Wood as a managing director and adviser to power and infrastructure companies.
BorgWarner Inc. veteran Roger Wood is to be named the new chief executive officer of Dana Holdings Inc., replacing chairman and interim CEO John Devine, who is retiring, the Wall Street Journal reported, citing Dana.
Factories in the U.S. churned out more computers, cars and construction material in December as manufacturing remained at the center of the expansion.
Dana Holding Corp., a maker of truck axles and frames, aims to boost profit margins to as much as 12 percent by next year as fuel-saving technologies fetch higher prices.
Manufacturing in the Philadelphia region expanded at faster pace in January as employment picked up and factories grew more optimistic about business in the next six months.
"About the same amount I made 30 years ago."
- Roger Wood on Mar 24, 2014