Industrials Up as Risk Appetite Rebounds -- Industrials Roundup
December 07 2017 - 4:46PM
Dow Jones News
Shares of manufacturing and transportation companies recouped
some of their recent losses amid a revival of investor confidence
in risky assets.
General Electric ticked up after the industrial conglomerate
said it was cutting 12,000 jobs in its power business, which has
suffered from rising costs and an excess of capacity since the
acquisition of utility service assets, many of them coal and gas
related, from Alstom. Many of the people losing jobs work at former
Alstom facilities in France and Switzerland.
-Rob Curran, rob.curran@dowjones.com
(END) Dow Jones Newswires
December 07, 2017 16:31 ET (21:31 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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