Exactech Sells Spine Assets to ChoiceSpine

Exactech Sells Spine Assets to ChoiceSpine

Exactech, a developer and producer of bone and joint restoration products for extremities, hip, knee and spine, said Wednesday it sold its spine asset to ChoiceSpine for an undisclosed sum after a decision to overhaul its Spine and Biologics business. The restructuring and losses on the impairment of Spine and Biologics assets, including goodwill and spine assets sold, will result in a pre-tax charge to 2016 earnings in the range […]

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Oil Prices Fractionally Lower

Oil Prices Fractionally Lower

West Texas Intermediate crude oil futures for delivery in March were 0.1% lower at $53.12 per barrel during Monday’s pre-market trading session while Brent oil futures for delivery in April were down by 0.3% at $55.56 per barrel. The pre-bell price declines come as the greenback edges higher. As a dollar-denominated commodity, a higher US currency tends to make oil less affordable for international buyers. The Dollar Index, which tracks […]

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Colgate-Palmolive Q4 Profit Meets Street Mark, Revenues Miss

Colgate-Palmolive Q4 Profit Meets Street Mark, Revenues Miss

Colgate-Palmolive Company shares were lower 1% in recent pre-market trade after the consumer products company reported Friday Q4 adjusted net profit of $0.75 per share, up from $0.73 per share in the prior year period and came in line with the Street estimate provided by Capital IQ. Net sales were $3.72 billion, down from $3.90 billion reported for the same period last year and came in lower than the $3.86 […]

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Bonds Push to Little Changed Following Mixed Data

Bonds Push to Little Changed Following Mixed Data

U.S. Treasuries bonds remained on the defensive early Thursday as stocks gained momentum overnight after the Dow broke 20,000 Wednesday. Global bonds were lower with the 10-year Treasury hitting a 2.5557% high yield/low price overnight. Peripherals are underperforming in Europe with Italy’s 10-year note dropping to boost the yield 9 basis points. Stocks surged, with Japan’s Nikkei climbing 1.8% led by banks, insurers and brokers. The DAX extended its record […]

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Halcon Resources Acquires Delaware Basin Lands

Halcon Resources Acquires Delaware Basin Lands

Halcon Resources, and oil-and-gas driller, said late Tuesday it entered into an agreement to buy 20,748 net acres in the Southern Delaware Basin for $705 million with a Nov. 1, 2016, effective purchase date. Halcon also said it entered into an option agreement to purchase an additional 15,040 net acres in Ward County, Texas from a private operator for $11,000 per acre, or $165.4 million. Finally, the oil driller agreed […]

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