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Embraer-Empresa Brasileira de Aeronautica Inks Settlement Deals in U.S. and Brazil

Embraer-Empresa Brasileira de Aeronautica (ERJ) is firmer after the company said in a Securities and Exchange Commission (SEC) filing it has finalized definitive agreements with the SEC and Department of Justice (DOJ) to settle criminal and civil violations of the U.S. Foreign Corrupt Practices Act (FCPA). The company also saidRead More

Altra Industrial Motion Acquires Stromag in Deal Estimated at $215.5 Mln

Altra Industrial Motion (AIMC) said Friday it has acquired GKN’s Stromag business for an estimated $216 million comprised of EUR184 million ($200.5 million) in cash and the assumption of EUR14 million in debt, the company said Friday. The deal brings the company another expected line of revenue, as Stromag broughtRead More

Stocks Turn Defensive; Microsoft and McDonalds Quarterly Results Beat Expectations

Stocks were set to open lower on Friday in spite of positive results from Dow component stocks McDonalds (MCD) and Microsoft (MSFT) as investors lighten up positions before the weekend, and ahead of today’s speeches by Fed Governor Daniel Tarullo and San Francisco President John Williams. After the close onRead More

Kimberly-Clark Expected to Post Year-on-Year Growth in Quarterly Earnings

Kimberly-Clark (KMB) is expected by analysts to report year-over-year gains in third-quarter adjusted earnings per share, revenue and gross margin when the consumer-products company releases the results Monday morning. Analysts expect the company, whose products include Kleenex tissues, Scott toilet paper and Huggies diapers, to post third-quarter adjusted earnings perRead More

Bonds Mixed, Long End Leading Higher in Light Trade – 10-Year 1.735%

U.S. Treasuries remained mixed Friday with the long bond leading a low-key push higher. Traders were looking to supply in the week ahead and the Nov. 8 elections, both of which may keep trade tethered to comparatively tight ranges while the week’s economic releases may also have a muted impact.Read More

Wal-Mart Stores, JD.com Launch Three New Services Geared to Ease E-Commerce for Chinese Customers

Wal-Mart Stores (WMT) and JD.com (JD) launched three new ways for consumers to shop through the two companies, the companies said Thursday. The efforts, geared toward Chinese customers, come as a part of an alliance agreed upon in June by the two companies, and will launch in the coming daysRead More