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U.S. Factory Orders Decrease More Than Expected In February
A report released by the Commerce Department on Tuesday showed new orders for U.S. manufactured goods fell by more than expected in the month of February. The Commerce Department said factory orders slid by 0.7 percent in February after plunging by a revised 2.1 percent in January.
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Baxter Int'l Announces US Launch Of ZOSYN Premix
Medtech firm Baxter International Inc. (BAX) announced Tuesday the U.S. launch of ZOSYN (piperacillin and tazobactam) Injection. Zosyn premix is indicated for the treatment of multiple infections caused by susceptible bacteria and is available in Baxter's proprietary single-dose Galaxy containers.
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Bay Street Looks Headed For Another Positive Start
Canadian shares look set to open on a positive note on Tuesday, tracking higher crude oil prices and steady global markets despite rising concerns about inflation.
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German Export Growth Tops Expectations
Germany's exports grew more than expected in February reflecting strong demand from the US and China, official data revealed Tuesday. Exports increased 4.0 percent from January, when shipments were up 2.5 percent, Destatis reported. This was the second consecutive rise. Growth was also better than the expected 1.6 percent gain.
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Lindsay Q2 EPS Tops Estimates, But Revenues Miss
Lindsay Corp. (LNN) reported on Tuesday that net earnings for the second quarter increased to $18.05 million or $1.63 per share from $14.57 million or $1.32 per share in the prior-year quarter.
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Acuity Brands Q2 Profit Tops Estimates, While Top Line Misses View
Acuity Brands, Inc., an industrial technology company, announced Tuesday higher profit and net sales in its second quarter with growth in both business segments. Adjusted earnings topped market estimates, while top line missed view. Neil Ashe, Chairman, President and Chief Executive Officer of Acuity Brands, said, "We delivered solid performance again in the second quarter of 2023...."
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Duke Energy Prices Offering Of $1.5 Bln Of 4.125% Convertible Senior Notes Due 2026
Duke Energy Corp. (DUK) announced Tuesday the pricing of its offering of $1.5 billion aggregate principal amount of 4.125% convertible senior notes due 2026 in a private placement under the Securities Act of 1933, as amended.
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AMC Theatres Settles Shareholder Lawsuit Over Reverse Stock Split
AMC Entertainment Holdings Inc. has reached a settlement in a shareholder lawsuit to proceed with converting its preferred stock into common shares. Following the settlement, which will provide investors additional shares as part of recapitalization, the movie theater chain's shares fell 22 percent in the extended trade on Monday, while its preferred shares grew 22 percent.
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European Shares Mostly Higher Despite Inflation Worries
European stocks were broadly higher on Tuesday despite concerns about rising oil prices and its likely impact on inflation and growth.
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FTSE 100 Marginally Higher In Lackluster Trade
U.K. stocks were slightly higher on Tuesday, with banks and miners leading the surge.
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CAC 40 Edges Higher As Investors Shrug Off Inflation Concerns
French stocks were moving higher on Tuesday despite concerns that a jump in oil prices might stoke inflation and prompt the Federal Reserve to act more aggressively.
Investors cheered the results of an ECB survey showing that consumer expectations for euro-area inflation fell for a second month.
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DAX Rises In Cautious Trade
German stocks traded higher on Tuesday after an ECB survey showed medium inflation expectations for the next 12 months fell from 4.9 percent in January to 4.6 percent in February.
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Asian Shares Mostly Higher Despite Growth Concerns
Asian stocks rose broadly on Tuesday even as rising oil prices revived worries about inflation and weak U.S. manufacturing data added to the gloom surround the U.S. economy.
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