Business

Bonds Stall and Slow

Bonds Stall and Slow

U.S. Treasuries pared the initial losses seen on the European Central Bank’s decision to lower its bond buying volumes, but extend the duration of the scheme and drop the duration of eligible assets from two years to one. Volumes spiked following the ECB announcements but have since tapered off while prices remain pressured overall with the long bond continuing to[Read More…]

by December 8, 2016 0 comments Business
Lockheed Martin Wins Contracts from Saudi Arabian and Chilean Air Forces

Lockheed Martin Wins Contracts from Saudi Arabian and Chilean Air Forces

Lockheed Martin, a security and aerospace company, said Wednesday that it won a contract valued at $67.3 million to provide spares for the Royal Saudi Air Force’s F-15 sensor suite, and an order from the Chilean Air Force for six medium-lift helicopters. Under the Royal Saudi Air Force contract, the company will produce LANTIRN extended range navigation pod spares, infrared[Read More…]

by December 7, 2016 0 comments Business
Air T Unit Wins GSE Maintenance Contract from Delta Air Lines

Air T Unit Wins GSE Maintenance Contract from Delta Air Lines

Air T, a holding company, said its unit, Global Aviation Services has been awarded a five-year contract for 28 locations in connection with Delta Air Lines’ 2016 ground support equipment (GSE) maintenance RFP process. The total annualized revenue of the new award and services at other Delta locations not part of the 2016 RFP process is anticipated by Global to[Read More…]

by December 7, 2016 0 comments Business
European ADRs Move Higher in Monday Trading

European ADRs Move Higher in Monday Trading

American depository receipts of European stocks were trading 1.07% higher to 116.25 on the Bank of New York Mellon Europe ADR Index on Monday. In continental Europe, the gainers were led by life insurance company Aegon (AEG), and network infrastructure provider Nokia (NOK), which rose 3.7% and 3.3% respectively. They were followed by steel and mining firm ArcelorMittal (MT), up[Read More…]

by December 5, 2016 0 comments Business
Tech Stocks Hanging On To Slim Rise Ahead of Closing Bell

Tech Stocks Hanging On To Slim Rise Ahead of Closing Bell

Technology stocks were moderately higher this afternoon, with shares of tech companies in the S&P 500 (XLK) presenting a 0.4% increase. In company news, Aixtron SE (AIXG) American depository share were lower this afternoon amid speculation the outgoing Obama administration was ready to block a sale of the semiconductor components company to China’s Fujian Grand Chip Investment Fund, citing national[Read More…]

by December 2, 2016 0 comments Business
Oceaneering International Sees ‘Marginal Profitability’ in 2017

Oceaneering International Sees ‘Marginal Profitability’ in 2017

Oceaneering International, a global oilfield provider of engineered services to the offshore oil and gas industry, said in a regulatory filing late Tuesday that it expects “marginal profitability” at the operating income level next year. Management believes that “Oceaneering is well-positioned to weather this difficult business climate, and that we are a strong company focused on ways to further differentiate[Read More…]

by November 30, 2016 0 comments Business
Dollar Surrenders Post-GDP Gains

Dollar Surrenders Post-GDP Gains

The dollar was lower against most of the major currencies at Tuesday’s North American close despite earlier gains tied to dollar-friendly economic data and risk-on trade for U.S. equities. The greenback was higher at today’s open as an unexpected decline in Japanese household spending fueled demand for USD/JPY that was later amplified by modest gains on Wall Street and a[Read More…]

by November 29, 2016 0 comments Business
Late Slump Drags Tech Stocks Back Near Break-Even Mark

Late Slump Drags Tech Stocks Back Near Break-Even Mark

Technology stocks backed down from moderate gains from earlier today, with shares of tech companies in the S&P 500 hanging on to a 0.1% increase. In company news, Lattice Semiconductor Corp (LSCC) shares retreated Monday after reports the chipmaker’s would-be buyer is partially funded by the Chinese central government, increasing potential scrutiny of the $1.3 billion acquisition by U.S. officials.[Read More…]

by November 28, 2016 0 comments Business
Bonds Aim Quietly Lower in Late Range Trade

Bonds Aim Quietly Lower in Late Range Trade

U.S. Treasuries were churned in an overall lower range in light trade late Friday, waddling into the early close with middling losses within a fairly tight range in the holiday-shortened week. The market continued to get hit with prices near the highest yield/lowest price levels since 2009 on the two-years, 2011 on the five-years and mid-2015 on the 10s. The[Read More…]

by November 25, 2016 0 comments Business
Vehicle Sales May Near Record in 2016

Vehicle Sales May Near Record in 2016

Auto sales could approach record levels this year as incentives foster retail demand, with 2017 seen as a pivotal year amid uncertainty about how policies enacted by a new US government will impact the vehicle industry, according to forecasts from J.D. Power and LMC Automotive. LMC’s forecast for full-year total light-vehicle sales of 17.4 million units “has increased slightly and[Read More…]

by November 23, 2016 0 comments Business