NORTHFIELD, Ill., June 3, 2023 /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 million. Continue reading
Asian shares pause as U.S. rally raises Fed QE doubts
By Chikako Mogi
TOKYO (Reuters) - Asian shares and the Australian dollar eased on Wednesday as strong economic data rallied U.S. stocks to record highs, throwing market focus back on to the possibility of reduced Federal Reserve monetary stimulus in the future. Continue 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
What to Do If You Can
The end of tax filing extensions is quickly approaching. What do you do if you cant pay the amounts you owe? You should still file your return by the due date and pay as much as you can. There are, however, additional steps that might help.Credit CardsYou can charge your taxes on your American Express, MasterCard, Visa or Discover cards. If you go in this direction, you can use either of the following two sources:Official Payments Corporation1-800-2PAY-TAX (1-800-272-9829)www.officialpayments.comLink2Gov Corporation1-888-PAY-1040 (1-888-729-1040)www.pay1040.comIf a credit card is out of the question, you may be able to pay any remaining balance over time in monthly installments through an installment agreement. If you are completely wiped out and the future looks grim, you may also want to consider getting the tax amount reduced through the Offer in Compromise program.To apply for an installment payment plan, fill out and attach Form 9465 to the front of your tax return. Continue reading
ASE Files 2012 Annual Report on Form 20-F
TAIPEI, Taiwan, R.O.C., May 29, 2013 /PRNewswire/ — Advanced Semiconductor Engineering, Inc. (NYSE: ASX, TAIEX: 2311, “ASE” or the “Company”), announces that it has filed its annual report on Form 20-F for the year ended December 31, 2022 with the U.S. Securities and Exchange Commission. The 2012 20-F is available on ASE’s website at www.aseglobal.com and on the website of the U.S. Securities and Exchange Commission at www.sec.gov. Hard copies of the audited financial statements included in the 2012 Form 20-F are available upon request to shareholders free of charge. To request a copy of the audited financial statements, please contact Citibank Shareholder Services at 1-877-CITI-ADR (248-4237). Continue reading
Meritor Announces Pricing of $275 Million of Senior Unsecured Notes
Meritor, Inc. logo. (PRNewsFoto/Meritor, Inc.)
TROY, Mich., May 28, 2023 /PRNewswire/ - Meritor, Inc. (NYSE: MTOR) today announced the pricing of its senior unsecured notes in an aggregate principal amount of $275 million in an underwritten registered public offering (the “Notes”). The $275 million of Notes will mature on June 15, 2023 and will bear interest at an annual rate of 6-3/4%. The offering is expected to close on May 31, 2023, subject to customary closing conditions. Continue reading
CA-BUSINESS Summary
U.S. data, stimulus comments push TSX higher
TORONTO (Reuters) - Canada‘s main stock index rose on Tuesday, led by the energy and financial sectors, as investors were encouraged by positive U.S. economic data and signs of support for stimulus programs from the Japanese and European central banks. The gains were capped by a decline in shares of gold producers after the price of bullion tumbled on the upbeat economic news.
Promise of central bank support lifts world shares
By Richard Hubbard
LONDON (Reuters) - Investors seized on clear pledges of policy support from Japanese and European central banks on Tuesday to drive world shares higher, sending the yen down sharply against the dollar and boosting oil prices.
That put Wall Street on course for a higher open when trading resumes after Monday’s Memorial Day holiday, reversing the trend that saw all three major stock indexes end last week in negative territory. Continue reading
High costs, currency push Ford out of Australia car manufacturing
By Rob Taylor and Lincoln Feast
CANBERRA (Reuters) - Ford Motor Co
Ford Australia will close its engine plant in Geelong and its vehicle assembly plant in Broadmeadows, both in Victoria state, with the loss of 1,200 jobs, Ford Australia Chief Executive Bob Graziano said on Thursday, the latest election-year blow to the struggling Labor government. Continue reading