Parker Hannifin to Buy Clarcor

Parker Hannifin Corp. announced plans Thursday to buy Clarcor Inc. for about $ 4 billion, providing access to the profitable market for replacement filters for trucks and construction equipment made by Caterpillar Inc. and others. About 80% of Clarcor’s$ 1.4 billion of annual sales comes from replacement filters also used on equipment such… Read More »

The Swiss Stock Market Turned Positive Just Before The Close

( – The Swiss stock market got off to a weak start Friday and slipped further in early trade, before settling into a sideways trend. Investors were in a nervous mood ahead of the Italian referendum this weekend. However, the market pared its losses following the release of the U.S. jobs report and… Read More »

FVD, HJPX: Big ETF Outflows

Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the First Trust Value Line Dividend Index Fund ( FVD ), where 9,350,000 units were destroyed, or a 8.7% decrease week over week. Among the largest underlying components of FVD, in morning… Read More »