Industrials Gain After Johnson Controls Earnings - Industrials Roundup
Shares of industrial and transportation companies rose amid generally strong earnings.
Shares of Johnson Controls rallied after the maker of heating, ventilation and air-conditioning gear named Danaher executive Joakim Weidemanis as chief executive, and boosted its projection for fiscal 2025 earnings.
U.S. businesses created a solid 183,000 new jobs in January, paycheck company ADP said. Nissan's board determined that Honda's terms for a combination of the two automakers were unacceptable, endangering a merger plan designed to shore up Nissan's faltering business.
Motorcycle maker Harley-Davidson posted a fourth-quarter loss and warned that higher interest rates were weighing on consumer confidence.
Ford Motor named Marin Gjaja, the head of its electric-vehicle unit, as chief strategy officer, part of a broader leadership change.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
February 05, 2025 17:10 ET (22:10 GMT)
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