(Reuters) -Hybrids overtook petrol-powered vehicles in EU new car sales for the first time in September, industry data showed on Tuesday, accounting for 32.8% of the total, data from Europe's auto industry body showed. Total car sales in the bloc dropped by 6.1% year-on-year, falling for two months in a row for the first time since July 2022, the European...

Oct 22 (Reuters) - U.S. industrial conglomerate 3M Co ( MMM ) raised the lower end of its full-year adjusted profit forecast on Tuesday, anticipating a boost in consumer spending after the U.S. Federal Reserve cut borrowing costs in September. The St. Paul, Minnesota-based company now expects its full-year adjusted profit to be between $7.20 and $7.30 per share, compared...

06:35 AM EDT, 10/22/2024 (MT Newswires) -- Insteel Industries ( IIIN ) said late Monday that its unit, Insteel Wire Products, has acquired Engineered Wire Products, a maker of welded wire reinforcement products for construction, for $70 million in an asset transaction. Insteel Industries ( IIIN ) said it has funded the deal with cash on hand. Shares of the...

06:34 AM EDT, 10/22/2024 (MT Newswires) -- Polaris (PII) reported Q3 adjusted earnings Tuesday of $0.73 per diluted share, down from $2.71 a year earlier. Analysts polled by Capital IQ expected $0.91. Sales for the quarter ended Sept. 30 was $1.72 billion, down from $2.25 billion a year earlier. Analysts surveyed by Capital IQ expected $1.77 billion. The company said...