Mueller Industries Q3 Profit Declines
(RTTNews) - Mueller Industries, Inc. (MLI) on Tuesday reported net income available to the company for the third quarter of $154.54 million or $2.74 per share, lower than $170.98 million or $3.01 per share in the year-ago quarter.
Net sales for the quarter declined to $944.83 million from $982.25 million in the same quarter last year.
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DAX 30 Up Marginally In Cautious Trade
German stocks are up marginally Monday morning led by notable gains poted by a few big name stocks as investors digest the official data showing an increase in industrial product prices in the month of December, and await some key reports from the U.S. and Europe for clues about interest rates.
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Pred 5 h 2 min
NZ Dollar Rises After Risk Appetite
The New Zealand dollar strengthened against other major currencies in the Asian session on Monday amid risk appetite among traders, following the broadly positive cues from Wall Street on Friday, on renewed optimism about the outlook for interest rates. Traders are also cautious and reluctant to make more significant moves ahead of the inauguration of U.S. President-elect Donald Trump amid speculations on the potential impact of his policies.
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Pred 5 h 13 min
NZ Dollar Rises Against Majors
The New Zealand dollar strengthened against other major currencies in the Asian session on Monday.
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Pred 5 h 41 min
SmartDrive Speed Control Dial Recalled Due To Unresponsive Motor
Advanced medical technology firm Max Mobility/Permobil, part of Patricia Industries, a unit of Sweden's Investor AB, has recalled the Speed Control Dial component used with the SmartDrive MX2+ Power Assist Device, citing the potential safety and performance concerns. The recall was initiated after receiving 646 complaints associated with the Speed Control Dial as of December 12, 2024.
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Pred 7 h 27 min
China Retains Loan Prime Rates As Expected
The People's Bank of China maintained its interest rates unchanged for the third straight session on Monday as policymakers await the stance of new US administration.
The PBoC left its one-year loan prime rate at 3.10 percent. Similarly, the five-year LPR, the benchmark for mortgage rates, was held at 3.60 percent. The decision matched expectations.
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Pred 7 h 29 min
European Shares Seen Mixed At Open
European stocks may struggle to find direction at open on Monday as a new Donald Trump era begins.
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Pred 8 h 0 min
Sensex, Nifty Open Higher; Financials Underperform
Indian shares followed global peers higher on Monday, though overall gains remained capped due to uncertainty surrounding Donald Trump's trade policies and caution ahead of the Union Budget.
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Pred 8 h 56 min
Asian Markets Track Wall Street Higher
Asian stock markets are trading mostly higher on Monday, following the positive cues from Wall Street on Friday, on renewed optimism about the outlook for interest rates. Traders are also cautious and reluctant to make more significant moves ahead of the inauguration of US President-elect Donald Trump amid speculations on the potential impact of his policies. Asian markets closed mixed on Friday.
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Pred 10 h 19 min
