Weir Is Selling Its Oil-and-Gas Business to Caterpillar. Its Stock Is Soaring.

Eufemia Didonato

Text size Weir made its major entry into the North American oil-and-gas sector in 2007, purchasing SPM Flow Control as oil prices were approaching their zenith. Getty Images Weir Group will exit the hydrocarbon industry by selling its oil-and-gas division to Caterpillar for $405 million, leaving the Scottish engineer to […]

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John Hancock Investment Management celebrates five-year anniversary of its original ETF suite

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