Patrick Industries, Inc. (PATK) announced Tuesday that it has appointed Andy Roeder as Executive Vice President-Finance, Chief Financial Officer, and Treasurer of the Company, effective March 5. Prior to joining Patrick, Roeder served as CFO of Polaris Boats from 2018 to the present. Prior to his role at Polaris, he was the CFO of Bennington...
Kidney care services firm DaVita, Inc. (DVA) announced Tuesday that it has agreed to terms on the expansion of its international operations in Brazil and Colombia, and its entry into Chile and Ecuador. The expansion will make DaVita the largest dialysis services provider in Latin America. The deal, which is consistent with DaVita\'s disciplined investment...
A report released by the Institute for Supply Management on Tuesday showed U.S. service sector growth slowed by slightly more than expected in the month of February. The ISM said its services PMI fell to 52.6 in February after climbing to 53.4 in January. While a reading above 50 still indicates growth, economists had expected...
By Emma Rumney and Casey Hall LONDON/SHANGHAI (Reuters) - Global drinks giants seeking to tap into younger Chinese drinkers\' growing appetite for whiskies and cognacs face a challenge as they take on the producers of China\'s dominant liquor baijiu. Western companies like Diageo (LON:DGE) and Pernod Ricard (EPA:PERP) have previously focused on the luxury end...
The Commerce Department released a report on Tuesday showing a steep drop in new orders for U.S. manufactured goods in the month of January. The report said factory orders plunged by 3.6 percent in January after falling by a revised 0.3 percent in December. Economists had expected factory orders to tumble by 2.9 percent compared...
A look at the day ahead in European and global markets from Tom Westbrook The upbeat tone that\'s pushed stocks higher for weeks abruptly shifted overnight and left Asia markets drifting downward on Wednesday, with traders nursing losses and awaiting their next cues from Fed Chair Jerome Powell\'s testimony before Congress. Powell is expected to...
The Canadian market is up in positive territory Tuesday morning, led by gains in energy and materials sectors. Technology stocks are weak. The mood is cautious with investors awaiting the Canadian central bank\'s monetary policy announcement tomorrow. The Bank of Canada is widely expected to leave its key rate unchanged at 5%. The bank\'s views...
By Ankur Banerjee SINGAPORE (Reuters) - Asian stocks rose on Wednesday as traders awaited policy cues from Beijing during its week-long annual session of parliament after a prior lack of stimulus measures disappointed some investors, while gold and bitcoin eased after touching record peaks. Traders were also hesitant to place major bets ahead of congressional...
Jakarta (ANTARA) - An official from the Financial Services Authority (OJK) stated that the OJK remains committed to supporting micro, small, and medium enterprises (MSMEs) to improve the community's economy, primarily by enhancing business knowledge. "Supporting the community's economy is crucial, as MSMEs contribute significantly to Indonesia's economy," said Frederica Widyasari Dewi, the OJK's Chief...
Jakarta (ANTARA) - Governor of Bank Indonesia (BI), Perry Warjiyo, emphasized on Tuesday the need for Indonesia to remain optimistic about domestic economic growth while staying vigilant due to uncertain global conditions. "Indonesia will continue to be one of the best-performing economies in the world this year and beyond," he said. "However, we still have...