Also. . .

* Parker Hannifin Corp., the world’s biggest maker of hydraulic equipment, said it will buy Commercial Intertech Corp. of Youngstown, Ohio, for $366 million in cash and stock, and assume $107 million in debt. Parker Hannifin, based in Cleveland, makes motion-control equipment and fluid systems that are used in everything from jet engines to amusement park rides to sets for movies such as “Titanic.” With the acquisition, Parker Hannifin would get more equipment for systems used on dump trucks, fork lifts and backhoes. Parker Hannifin will exchange $20 in stock or cash for each Commercial Intertech share, a price about 55% more than the stock’s average closing price over the last 20 days.