MERGERS and ACQUISITIONS
Patterson Companies Inc., Mendota Heights, has completed its acquisition of the stock of National Veterinary Services Limited (NVS), a wholly owned subsidiary of Dechra Pharmaceuticals PLC. NVS is the largest veterinary distributor in the United Kingdom. The acquisition is expected to be accretive to earnings by 4 cents to 5 cents per share, including the impact of one-time and transactional expenses, in the first full year after closing.
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Business
2023 was a record year for wind installations as world ramps up clean energy, report says
The world installed 117 gigawatts of new wind power capacity in 2023, a 50% increase from the year before, making it the best year for new wind projects on record, according to a new report by the industry's trade association.
Business
Stock market today: Wall Street hesitates in mixed trading as Treasury yields rise more
U.S. stocks are hesitating in mixed trading, as strong profit reports from some big companies compete with continued worries about high interest rates. The S&P 500 was flat at the open of trading Tuesday, coming off a sharp loss after higher Treasury yields cranked up the pressure. The Dow Jones Industrial Average was up 199 points, and the Nasdaq composite was 0.1% lower. UnitedHealth Group jumped after reporting better profit for the start of the year than analysts expected. But Treasury yields rose again after the vice chair of the Federal Reserve suggested interest rates may stay high for a while.
World
The US ambassador to Japan says boosting arms industry ties is key to a stronger security alliance
The U.S. ambassador to Japan urged Tokyo on Tuesday to take a greater role in developing, producing and supplying weapons ''to enhance our collective security" amid conflict in Ukraine, Gaza and elsewhere.
Business
Cyberattack costs hit UnitedHealth in 1Q that still turns out better than expected
UnitedHealth Group trounced first-quarter expectations even as costs from a cyberattack to its Change Healthcare business ate into the company's performance.
Business
North Korea is buying Chinese surveillance cameras in a push to tighten control, report says
North Korea is putting surveillance cameras in schools and workplaces and collecting fingerprints, photographs and other biometric information from its citizens in a technology-driven push to monitor its population even more closely, a report said Tuesday.
