Symmetry Surgical to be acquired by private-equity firm for $140 million

Symmetry Surgical Inc. shares were halted in the extended session Monday before the surgical instrument maker said it agreed to be acquired by private-equity firm RoundTable Healthcare Partners for $140.3 million in cash. Prior to the announcement, shares of Symmetry were halted at $10.40 a share. The deal works out to $13.10 for each share of Symmetry. The company said it expects the acquisition to close by the third quarter this year.

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From:: Stock Market News

Community Health Systems shares drop after earnings miss

Community Health Systems Inc. shares dropped in the extended session Monday after the hospital operator’s quarterly earnings fell well short of Wall Street estimates. Community Health shares fell 7.9% to $14.50 after hours. The company reported adjusted net income from continuing operations of 27 cents a share on revenue of $5 billion. Analysts surveyed by FactSet had forecast earnings of 74 cents a share on revenue of $4.99 billion.

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From:: Stock Market News

Nasdaq ends 7-session skid as tech, consumer-discretionary stocks rise

The Nasdaq Composite snapped a seven-session losing streak Monday as U.S. stocks rebounded off their biggest weekly decline since February. Sharp gains in tech bellwethers Amazon.com Inc. and Netflix Inc. helped lift the tech-laden Nasdaq and highlighted a rally in consumer-discretionary shares of which those companies also are constituents. The Nasdaq Composite gained 42 points, or 0.9%, to close at 4,817–its best one-day gain since April 13 and halted its worst series of consecutive losses since the eight-session period ended Jan. 11, according to FactSet. The S&P 500 advanced 16 points, or 0.8%, to 2,081, led by a 1.4% climb in consumer-discretionary stocks–the best performer among the S&P 500’s 10 sectors. The Dow Jones Industrial Average gained 117 points, or 0.7%, to 17,890, led by a rise in shares of Home Depot and Goldman Sachs . which contributed about 30 points to the blue-chips gauge. Both the Dow and the S&P ended two straight sessions of declines.

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From:: Stock Market News

Treasury expects to pay down less debt in quarter

WASHINGTON (MarketWatch) – The U.S. government expects to pay down $65 billion in net marketable debt in the April-June quarter, an estimate that is $47 billion lower than previously projected in February, the Treasury Department said Monday. The revised forecast is the result of lower receipts and higher spending than previously projected, the department said. The estimate assumes as end-of-June balance of $350 billion. For the July-September quarter, Treasury expects to issue $155 billion in net marketable debt, assuming a cash balance of $350 billion. During the January-March quarter, Treasury issues $244 billion in net marketable debt and ended the quarter with a cash balance of $314 billion.

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From:: Stock Market News

Oil futures settle at a nearly one week low

Oil futures settled with a loss on Monday, with prices pulling back after a nearly 20% climb in April. Data from Genscape reportedly showed a hefty weekly rise in crude stockpiles at the Cushing, Okla. storage hub and recent media surveys revealed a rise in monthly output from the Organization of the Petroleum Exporting Countries. June WTI crude fell $1.14, or 2.5%, to settle at $44.78 a barrel on the New York Mercantile Exchange.

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From:: Stock Market News

Former New Mexico Realtor group executive indicted on hundreds of embezzlement charges

Sherri Miller, the former executive director of the Ruidoso Board of Realtors, is facing nearly 400 charges of embezzlement and forgery stemming from allegations that she skimmed at least $90,000 from the organization. What’s even crazier about the allegations against Miller is that Miller’s predecessor with the Ruidoso Board of Realtors was also accused, and subsequently convicted, of embezzling from the organization. …read more

From:: Real Estate Wire