U.S. manufacturing

Strong demand for machinery and steel led U.S. factories to increase production in February, according to Federal Reserve data that suggested a manufacturing slowdown could be easing.

The U.S. economy's service sector expanded in January but at a slower pace than the previous month, according to an industry report released on Wednesday.

U.S. manufacturing contracted in November for the first time in 36 months as the sector buckled under the weight of a strong dollar and deep spending cuts in the energy sector.

Cascade rallied after announcing that it entered into a definitive agreement under which Japanese machinery maker, Toyota Industries, will acquire the company for $759 million