Bucyrus International Inc. (BUCY) announced on Sunday that it signed a definitive agreement to acquire the mining equipment business of Terex Corp. (TEX) for US$1.3 billion in cash. Bucyrus International gapped up sharply Monday and climbed for the majority of the morning. The stock gave back some of its gains in the early portion of the afternoon and finished higher by $5.00 at $55.84. The stock rose above a month and a half long range and set a new high for the year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.