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  • MTS posts 1Q profit 8 Hours Ago

    EDEN PRAIRIE, Minn. _ MTS Systems Corp. on Tuesday reported fiscal first-quarter net income of $11.8 million. MTS expects full-year earnings to be $3.03 to $3.28 per share, with revenue in the range of $570 million to $600 million. Keywords: MTS Systems, Earnings Report.

  • NEW YORK— Canadian utility Fortis is buying electric transmission company ITC Holdings in a cash-and-stock deal valued at about $6.9 billion as it looks to further diversify its business. ITC stockholders will own about 27 percent of Fortis' common stock. Fortis said that it will apply for a listing on the New York Stock Exchange and will continue to list on the...

  • Falling electricity demand due to increased energy efficiency has spurred a spate of mergers in the United States, with utilities looking to cut their exposure to volatile power prices in unregulated markets. ITC shareholders will get $45 per share- $22.57 in cash and 0.7520 Fortis shares for each share they hold- a 14 percent premium to the stock's closing...

  • Feb 8- Wall Street sank sharply on Monday as financial stocks sold off amid worries about interest rates and investors backed off from richly valued tech and consumer stocks amid persistent fears of a global slowdown. The technology-heavy Nasdaq Composite fell 2.5 percent to its lowest since October 2014, weighed down by Microsoft, Amazon and Facebook, stocks...

  • Feb 8- Wall Street was deep in the red in volatile trading on Monday, as technology stocks continued to sell off and oil prices remained under pressure, sending investors scurrying to safe-haven assets. "Equities are in a' go-nowhere-fast' mode, with a downward bias in the near term," said Terry Sandven, chief equity strategist at U.S. Bank Wealth Management in...

  • *S&P financial index falls about 3 pct. NEW YORK, Feb 8- Stock indexes worldwide tumbled on Monday, led by banking stocks in Europe and technology stocks on Wall Street on persisting fears of a global economic slowdown, while benchmark 10- year Treasury yields hit their lowest in a year on demand for assets deemed less risky. Wall Street continued Friday's...

  • *U.S. crude falls below $30 per barrel. Feb 8- Wall Street was deep in the red on Monday, as technology stocks extended a selloff from Friday and U.S. crude oil slipped below $30 per barrel, sending investors scurrying for cover to safe-haven assets. "Equities are in a' go-nowhere-fast' mode, with a downward bias in the near term," said Terry Sandven, chief equity strategist...

  • Feb 8- Wall Street was set to open lower on Monday, continuing a technology-led selloff from Friday, as fears of a global economic slowdown worsening and dropping oil prices continue to rattle investors. "Equities are in a' go-nowhere-fast' mode, with a downward bias in the near term," said Terry Sandven, chief equity strategist at U.S. Bank Wealth Management in...

  • Chipotle urges workers to stay home if they're sick Monday, 8 Feb 2016 | 3:01 AM ET

    NEW YORK— Chipotle repeatedly told employees they need to stay home if they feel sick and the restaurant chain kept all its U.S. locations shuttered early Monday as executives went over new food safety procedures. "If you're feeling sick, especially if you've vomited, whether at work or at home, you need to let your manager or your field leader know right away," Moran...

  • SIOUX FALLS, S.D.— Jessica Ries settles in behind the counter of Tip Top Tux and phones a couple to remind them of an upcoming fitting before their wedding. Dennis Daugaard has proposed a half-cent sales tax increase to help raise teacher pay, but his plan needs two-thirds approval in both the House and the Senate— a tough proposition in a legislature with an...

  • ALBANY, N.Y.— An upstate New York town that repeatedly found itself without power for days during a string of storms is planning a dramatic step by pulling its municipal buildings entirely off the electric grid. The decision by Nassau to rely on solar, wind, landfill gas and battery storage by 2020 puts the town of 5,000 near Albany on the leading edge of a national...

  • Wyoming sees record number of tourists in 2015 Friday, 5 Feb 2016 | 10:09 AM ET

    CHEYENNE, Wyo.— Wyoming attracted a record number of tourists— and their money— in 2015, according to preliminary numbers. Lower fuel prices, well executed marketing campaigns and more foreign travelers all had a part in boosting travel in Wyoming and nationwide, state Office of Tourism Executive Director Diane Shober said. According to preliminary numbers, a...

  • OneBeacon posts 4Q profit Friday, 5 Feb 2016 | 7:26 AM ET

    PLYMOUTH, Minn. _ OneBeacon Insurance Group Ltd. on Friday reported fourth-quarter net income of $22.7 million, after reporting a loss in the same period a year earlier. The Plymouth, Minnesota- based company said it had profit of 24 cents per share. For the year, the company reported profit of $36.8 million, or 38 cents per share.

  • Obama health care law posts respectable sign-up season Thursday, 4 Feb 2016 | 3:12 PM ET

    WASHINGTON— Still facing political jeopardy, President Barack Obama's health care law beat expectations by earning solid sign-ups this year, according to figures released Thursday by the administration. "It's not the unequivocal success that Obamacare advocates had hoped for, but also not the disaster that critics thought could make it a talking point on...

  • LANSING, N.Y.— Mining operations remain suspended at a central New York salt mine nearly a month after 17 workers were rescued when an elevator became stuck 900 feet underground. Minneapolis- based Cargill Inc. says work continues on the elevator system at the mine in the Finger Lakes town of Lansing, 40 miles southwest of Syracuse. They were trapped for up to nine...

  • Piper Jaffray posts 4Q profit Thursday, 4 Feb 2016 | 8:51 AM ET

    MINNEAPOLIS _ Piper Jaffray Cos. on Thursday reported fourth-quarter profit of $12.1 million. The company, based in Minneapolis, said it had earnings of 88 cents per share. Piper Jaffray shares have fallen 19 percent since the beginning of the year.

  • Proto Labs beats Street 4Q forecasts Thursday, 4 Feb 2016 | 6:21 AM ET

    MAPLE PLAIN, Minn. _ Proto Labs Inc. on Thursday reported fourth-quarter profit of $12 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share. Proto Labs shares have decreased 17 percent since the beginning of the year.

  • WASHINGTON, Feb 3- The state-owned China National Chemical Corp, which plans to buy Swiss seeds and pesticide maker Syngenta, will promptly start preparations for what could be a lengthy U.S. national security review, as the House Agriculture Committee chairman said he would monitor the deal. The $43 billion deal, which was announced on Wednesday as a way for...

  • SPS Commerce tops Street 4Q forecasts Wednesday, 3 Feb 2016 | 5:45 PM ET

    MINNEAPOLIS _ SPS Commerce Inc. on Wednesday reported fourth-quarter profit of $2.1 million. For the current quarter ending in April, SPS Commerce expects its per-share earnings to range from 20 cents to 22 cents. SPS Commerce expects full-year earnings in the range of 92 cents to 95 cents per share, with revenue ranging from $191.5 million to $193 million.

  • Hawkins posts 3Q profit Wednesday, 3 Feb 2016 | 5:29 PM ET

    ROSEVILLE, Minn. _ Hawkins Inc. on Wednesday reported fiscal third-quarter profit of $815,000. On a per-share basis, the Roseville, Minnesota- based company said it had profit of 8 cents. This story was generated by Automated Insights using data from Zacks Investment Research.