Wednesday, June 12, 2019

Stock market today: Latest news - CNN

Stock market today: Latest news - CNN


Stock market today: Latest news - CNN

Posted: 11 Jun 2019 02:45 PM PDT

[unable to retrieve full-text content]Stock market today: Latest news  CNN

Lovesac (LOVE), which sells sectional couches and beanbags, tumbled 23% on Tuesday after the retailer disclosed that tariffs hurt its business during the start ...

What's moving markets today: Live updates - CNN

Posted: 10 Jun 2019 02:30 PM PDT

At midday, stocks are squarely in the green as the market breathes a sigh of relief after the United States and Mexico reached a deal that avoids import tariffs on Mexican goods.

"The decision not to impose tariffs on Mexico also suggests to us a lower probability of tariffs on additional imports from China or on auto imports from the EU and Japan," wrote Goldman Sachs economist Alec Phillips.

The Dow is up more than 200 points, or 0.8%, while the S&P 500 and the Nasdaq Composite are up 1.1% and 1.9%, respectively.

But it's not all that peachy. M&A announcements from the weekend and this morning are weighing on some shares.

United Technologies (UTX), which announced yesterday it would merge with defense business Raytheon (RTN), is the biggest loser in the Dow, down 1.4%.

Raytheon is up 2.3%.

Salesforce (CRM) is the weakest stock in the S&P, down more than 4%. The company announced it would acquire Tableau Software (DATA) earlier today. Shares of Tableau are up a whopping 35.8%.

Six items on area businesses for June 12, 2019 - News - MetroWest Daily News

Posted: 11 Jun 2019 09:26 PM PDT

Send news about your local business to MWBusiness@wickedlocal.com. We're interested in news about business people, expansions, openings and community involvement by MetroWest businesses and business people. Follow Daily News Business Editor Bob Tremblay on Twitter @Bob Tremblay_MW

NKF completes sale of 12 Industrial Road in Milford

Boston-based Newmark Knight Frank (NKF) this week announced the completion of the $33.6 million sale of 12 Industrial Road in Milford to Cabot Properties. On behalf of Colony Capital, Vice Chairman Edward Maher, Executive Managing Directors Matthew Pullen and James Tribble and Director Samantha Hallowell of NKF's Boston Capital Markets team – which is led by Co-Head of U.S. Capital Markets Robert Griffin – oversaw the transaction in conjunction with NKF Executive Managing Directors Ed Jarosz, Rick Schuhwerk, Anthony Coskren and J.R. McDonald and Managing Director Brian Pinch. Totaling 327,237 square feet, 12 Industrial Road is presently 94 percent leased to e-commerce giant Amazon, global networking/security/utility distributor Anixter and Massachusetts-based company Green Mattress.

Hudson's Avidia donates to Provision Ministry

The Avidia Charitable Foundation recently donated $2,500 to Provision Ministry. Present at the check presentation was Danielle Gaudette, Westborough assistant branch manager; Thomas Slicklen, president and founder of Provision Ministry Inc.; and Mark O'Connell, president and CEO of Avidia Bank. This donation is to help bring more essential items to the under-served in Central Massachusetts and Middlesex County areas. Headquartered in Hudson, Avidia has MetroWest branches in Hudson, Westborough, Marlborough, Northborough, Shrewsbury and Framingham.

Milford Medical Center awards scholarships

Milford Regional Medical Center's Auxiliary recently awarded its annual scholarships to Maria Santiago, of Milford, and Fatima Zaidi, of Hopkinton. Each recipient received a $1,000 scholarship. Santiago plans on majoring in pre-med, while Zaidi plans to pursue a degree to become a clinical pharmacist.

Bank to sponsor Medway Summer Concert Series

Charles River Bank is a sponsor of this year's Medway Summer Concert Series in conjunction with the Medway Parks and Recreation Department. Concerts will be held Mondays in July from 6 to 8 p.m. at Choate Park, 155 Village St., Medway The program is also supported by a grant from the Medway Cultural Council, which supports various programs that promote access, education and diversity in the arts, humanities and interpretive sciences. This year's schedule of performers includes: July 8: The Chris Ross Band; July 15: The Dan Rice Project; July 22: Lake Shore Drive Band; and July 29: The Reminisants. Headquartered in Medway, Charles River Bank has branches in Bellingham and Mendon. It also operates a branch in Medway High School.

Framingham's Learning Center for the Deaf celebrates

The Learning Center for the Deaf in Framingham recently had a celebratory week. This included a visit from Leah Katz-Hernandez. Katz-Hernandez is a nationally known dedicated communications and community engagement professional and disability rights advocate. The visit took place on June 5. Also, on June 5, TLC launched the Ben Hollingsworth Memorial STEAM Lending Library, which houses a variety of new and innovative STEAM teaching tools for use by teachers. The lending library is made possible through the generosity of Hollingsworth's family, friends, USW Local 880 and those participating in the Ben Hollingsworth Memorial Ride that supports TLC staff in bringing new STEAM opportunities, ideas and experiences to the TLC community. The third annual Ben Hollingsworth Memorial Ride will be held Sept. 7 in West Groton.

Waltham's Great Elm announces senior notes offering

Great Elm Capital Corp. this week announced the commencement of an underwritten public offering of senior notes due 2024. The notes are expected to be listed on The Nasdaq Global Market under the trading symbol "GECCN," and to trade thereon within 30 days from the original issue date. The interest rate and other terms of the notes will be determined at the time of the pricing of the offering. The notes have a private credit rating of BBB from Egan-Jones Ratings Company. The company intends to use the net proceeds from this offering to make investments consistent with its investment objectives and for general corporate purposes. Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc., and Janney Montgomery Scott LLC are acting as joint book-running managers for the offering. Incapital LLC is acting as lead manager for the offering. Based in Waltham, Great Elm Capital Corp. is an externally managed, specialty finance company focused on investing in debt instruments of middle market companies.

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