Articles by: Courier Staff Writer

Bond Prices Slide into a Lower Range in Lightened Trade – 10-Year 2.337%

Bond Prices Slide into a Lower Range in Lightened Trade – 10-Year 2.337%

U.S. Treasury prices stalled into a range late Monday with the two-year underperforming in slowing activity. The market waffled on the back of a mass attack overnight in Las Vegas and the turmoil surrounding the independence vote in Catalonia. The session saw a batch of better data with the September Institute of Supply Management’s (ISM) manufacturing measure jumping to a […]

October 4, 2017 ×
Dollar Perks Up on Manufacturing Data

Dollar Perks Up on Manufacturing Data

The U.S. dollar strengthened against the other major currencies Monday as bullish U.S. manufacturing data coupled with gains in the stock market and higher Treasury yields offset selling pressure tied to a mass shooting in Las Vegas. The euro struggled in response to developments in Spain over the weekend that plunged the country into political chaos, while cable continued to […]

October 4, 2017 ×
US Morning Desk Color

US Morning Desk Color

US Morning Desk Color: Thoughts and prayers with those in Las Vegas. Sheriff just announced 50+ died and over 200 wounded. US equity futures are higher, with Spanish bonds, stocks and the euro all under pressure on the Catalonia headers, but not a real move toward havens. The DAX is up 30 points despite a pullback in financials as airlines […]

October 3, 2017 ×
Mallinckrodt Licenses Xenon Gas Product For Cardiac Patients

Mallinckrodt Licenses Xenon Gas Product For Cardiac Patients

Mallinckrodt (MNK) said Monday it has licensed NeuroproteXeon’s xenon gas product for patients resuscitated after a cardiac arrest. As a result of the deal, the company said it expects adjusted earnings per share to be reduced by $0.10 to $0.15 for the rest of 2017 and “modestly lower” in 2018. Mallinckrodt will pay $10 million upfront to NeuroproteXeon to gain […]

October 3, 2017 ×
Astec Industries Buys RexCon; Invests in Upgrades to Pellet Plants

Astec Industries Buys RexCon; Invests in Upgrades to Pellet Plants

Astec Industries (ASTE) said Monday it has acquired substantially all of the assets and liabilities of RexCon LLC, a full-line concrete batch plant manufacturer, for $26 million, funded through cash on hand. Separately, the company said it has initiated significant design upgrades to its customers’ Georgia and Arkansas wood pellet plants to meet full production rates. The additional investment is […]

October 3, 2017 ×