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European Economics Preview: German ZEW Economic Confidence Data Due

Honeywell To Sell Its Performance And Lifestyle Footwear Business – Quick Facts

Rocky Brands, Inc. (RCKY) has agreed to acquire the performance and lifestyle footwear business of Honeywell International for a purchase price of $230 million. Honeywell will divest five brands it deems non-core to its business: The Original Muck Boot Company, XTRATUF fishing boots and deck shoes, Ranger, NEOS overshoes and Servus protective rubber boots.

Honeywell said it will continue to manufacture industrial safety footwear for workers under brands such as Oliver, MTS, Honeywell Bacou and others. The company noted that there is no impact to its financial guidance as the result of the deal.

House-Autry Mills Recalls House-Autry Tartar Sauce

House-Autry Mills, Inc. issued a recall for its 9 ounce bottles of House-Autry Tartar Sauce due to the co-manufacturer’s verification of spoilage associated with the product, according to a statement published by the U.S. Food and Drug Administration or FDA.

The North Carolina-based company said the product may be unsuitable for consumption as light, oxygen, heat, humidity, temperature and spoilage bacteria can affect both safety and quality of perishable foods.

However, no illnesses have been reported to date in connection with this recalled product.

The recall involves House-Autry Tartar Sauce packaged in 9 oz. clear plastic bottles distributed between December 15, 2020 and January 18, 2021, with Best By dates between August 18, 2021 and September 21, 2021.

The products were sold to distribution centers in six states in the U.S. – South Carolina, North Carolina, Virginia, Pennsylvania, Florida and Ohio.

House-Autry Mills urged consumers who bought the products to discontinue using them and return to the place of purchase for a full refund.

House-Autry Mills is a producer of stone- ground grits, chicken and seafood breaders, corn meal, and hushpuppy, biscuit and corn bread mixes available at more than 13,000 grocery stores in 37 states.

Duterte Reimposes Stay-Home Order on Minors Due to Covid Strain

Philippine President Rodrigo Duterte reinstated an order preventing children aged 10 to 14 years old from going outdoors, reversing a decision backed by his economic managers.

Duterte said he reimposed movement restrictions on minors as a precaution against the spread of the new coronavirus strain. “That order will subsist until such time that everybody will be safe by the vaccine,” he said at a televised address Monday night.

The nation’s task force against Covid-19 last weekchanged the lowest age allowed to leave homes to 10 from 15 in places with the loosest quarantine restrictions. Trade Secretary Ramon Lopez and Economic Planning Chief Karl Chua said lifting the curbs will help boost consumption and economic growth.

The Philippines has Southeast Asia’s second-worst coronavirus outbreak, with 514,996 cases as of Monday.

Lunch Special: Denver sports live chat with Mark Kiszla – The Denver Post

Got a question about Colorado sports? The Denver Post’s Mark Kiszla is discussing all things Denver sports in a live Lunch Special chat, scheduled to begin at noon on Monday, Jan. 25, 2021.

Mobile users, if you can’t see the live chat, tap here.

Stock Alert: Spartan Acquisition Surges To New 52-week High

Shares of Spartan Acquisition Corp. II (SPRQ), a special purpose acquisition company, are gaining more than 33 percent or $3.95 in Monday’s morning trade at $15.76, after hitting a new 52-week high of $16.64.

Monday, Spartan Acquisition and Sunlight Financial LLC, a U.S. residential solar financing platform, said they have agreed for a business combination that will result in Sunlight becoming a publicly listed company. The business combination reflects an estimated implied pro forma equity value at closing of $1.3 billion.

Upon closing of the transaction, the combined public company will be named Sunlight Financial Holdings Inc. The transaction is expected to close in the second quarter of 2021.

Spartan Acquisition has traded in a range of $10.80 to $16.64 in the past 52 weeks.

Herald morning quiz: January 26

Test your brains with the Herald’s morning quiz. Be sure to check back on nzherald.co.nz at 3pm for the afternoon quiz.

To challenge yourself with more quizzes, CLICK HERE.

Stock Alert: Spartan Acquisition Surges To New 52-week High

Shares of Spartan Acquisition Corp. II (SPRQ), a special purpose acquisition company, are gaining more than 33 percent or $3.95 in Monday’s morning trade at $15.76, after hitting a new 52-week high of $16.64.

Monday, Spartan Acquisition and Sunlight Financial LLC, a U.S. residential solar financing platform, said they have agreed for a business combination that will result in Sunlight becoming a publicly listed company. The business combination reflects an estimated implied pro forma equity value at closing of $1.3 billion.

Upon closing of the transaction, the combined public company will be named Sunlight Financial Holdings Inc. The transaction is expected to close in the second quarter of 2021.

Spartan Acquisition has traded in a range of $10.80 to $16.64 in the past 52 weeks.

European Economics Preview: German ZEW Economic Confidence Data Due

Economic confidence and final consumer price figures from Germany are due on Tuesday, headlining a light day for the European economic news.

At 2.00 am ET, the European Automobile Manufacturers’ Association releases new car registrations data for December. Registrations had declined 12 percent on year in November.

In the meantime, Destatis is set to issue Germany’s final consumer price data for December. According to preliminary estimate, consumer prices were down 0.3 percent annually.

At 2.30 am ET, the Federal Statistical Office is scheduled to issue Swiss producer and import prices for December.

At 3.00 am ET, the Czech producer price data is due for December. Economists forecast prices to rise 0.3 percent on month, reversing a 0.5 percent fall in November.

At 4.00 am ET, the European Central Bank is slated to release euro area current account data for November. The surplus totaled EUR 34.1 billion in October.

At 5.00 am ET, Germany ZEW economic confidence survey results are due. The economic sentiment index is seen at 60.0 in January versus 55.0 in December.