CA-BUSINESS Summary

TSX falls as stimulus concerns weigh on banks

TORONTO (Reuters) – Canada‘s main stock index slipped in early Friday trade, led by declines in financials and industrials, as investors fretted about a possible pullback in global central bank stimulus programs. The Toronto Stock Exchange‘s S&P/TSX composite index < .gsptse> was down 28.90 points or 0.24 percent, at 12,248.23 shortly after the open. Continue reading »

CA-BUSINESS Summary

Nikkei rises above 15,000 on weak yen, dollar resilient

SINGAPORE (Reuters) – Japan’s Nikkei share average surged to a 5-1/2-year high on Wednesday as Japanese exporters rallied after the yen’s recent slide, while the dollar showed resilience, supported by signs of an improving U.S. economy. The dollar eased 0.1 percent to 102.22 yen, but still remained near Tuesday’s high of around 102.40 yen, the greenback’s strongest level against the Japanese currency since October 2008. Continue reading »

Oil prices fall closer to $95 as US supplies grow

The price of oil fell toward $95 a barrel Thursday, dragged down by evidence that U.S. crude supplies are rising while global economic growth is seen slowing.

By early afternoon in Europe, benchmark oil for July delivery was down 47 cents to $95.41 a barrel in electronic trading on the New York Mercantile Exchange. The contract rose 50 cents to close at $95.88 a barrel on Wednesday. Continue reading »

Air Ambulance for Victim Needing Medical Transport from France to US

SCOTTSDALE, ARIZONA — The air ambulance company, Angel MedFlight, www.angelmedflight.com, is happy to report a 20-year-old Ariel Gernes, who sustained several traumatic injuries from a multiple vehicle collision while she was visiting France, is now back in the United States receiving acute care. Angel MedFlight provided the air medical transportation after Gernes’ insurance company refused to provide medical transport back to the United States.  Continue reading »

Stepan Completes Purchase Of North American Polyester Resins Business From Bayer

NORTHFIELD, Ill., June 3, 2013 /PRNewswire/ – Stepan Company (NYSE: SCL) today reported that it completed the purchase of the North American Polyester Resins business, from Bayer MaterialScience. The sale includes the production facility located in Columbus, Georgia.  Bayer MaterialScience is a leading producer of Powder Polyester Resins for metal coatings applications in NAFTA and Liquid Polyester Resins for CASE (Coatings, Adhesives, Sealants and Elastomers) applications globally. The facility houses a modern R&D laboratory for customer technical support and new product development.  The 21,000 ton plant is expandable.  The business to be acquired has sales of approximately $64 millionContinue reading »

CA-BUSINESS Summary

Soft data, commodity prices take TSX to one-week low

TORONTO (Reuters) – Canada‘s main stock index retreated sharply on Friday as lower commodity prices triggered a slump in shares of natural resource companies and weak economic data out of Europe and the United States dampened investor sentiment. While almost every major sector declined, the index still looked on track for a gain in May, reversing losses in the previous two months. Continue reading »

Stocks rise on hopes for continued Fed stimulus

LONDON (AP) — Stocks posted some modest gains Thursday after a run of unspectacular U.S. economic data eased concerns that the Federal Reserve will start to reduce the amount of financial assets it buys each month.

The advances on Wall Street and European exchanges came after figures showed U.S. economic growth in the first quarter downgraded to an annualized rate of 2.4 percent from 2.5 percent, weekly jobless claims surprisingly up 10,000 and pending home sales rising by far less than anticipated in April. Continue reading »