Latest News, page 7 — Cranberry Journal

Schneider Is Paying a 42% Premium for PTC. The Price Is Still Below Where PTC Traded a Year Ago.

Schneider Electric agreed on Sunday to buy PTC, the Boston maker of design and product-lifecycle software, for $205 a share in cash, valuing its equity at about $22.6 billion. That is 42.3 per cent above Friday's close, and 5 per cent below PTC's peak close in August 2025. The French group will borrow most of the money, sell up to €6 billion of new shares and pause its buyback for two years. Its shares fell about 10 per cent in Paris.

By Alison Acosta October 5, 2026

An engineer wearing glasses, seen from behind and out of focus, looks at a monitor showing a computer-aided design drawing of a wheeled agricultural robot, in a bright office.

Money

Florida Says Atlantic Coast Life Is $170 Million Short. South Carolina Says $900 Million of Annuities Unlock This Year.

Florida's insurance regulator suspended Atlantic Coast Life's licence on 30 September, finding that once its investments are valued under state limits the insurer has been short of required surplus since at least September 2025, by $170 million at the end of June. South Carolina, where the company is based, has asked a court to take it over. Its petition says about $900 million of the insurer's annuities reach the end of their surrender-charge periods this year.

By Daniel Okafor October 5, 2026

An older couple sit on a sofa going through bills and papers on a coffee table, the man holding a phone and the woman a pen.

The Numbers

Latest News

Schneider Is Paying a 42% Premium for PTC. The Price Is Still Below Where PTC Traded a Year Ago.

Florida Says Atlantic Coast Life Is $170 Million Short. South Carolina Says $900 Million of Annuities Unlock This Year.

Customs Took In $333 Billion in Fiscal 2026. Refunds Sent About $147 Billion Back Out.

For 16 Months, Health Care Has Added More Jobs Than the Whole American Economy

Toyota Came Within 38,000 Cars of GM Last Quarter. Hybrids and Sedans Closed Most of the Gap.

Paramount Sold $41.4 Billion of Bonds to Buy Warner Bros. They Fell the Next Day.

Washington Paid $709 Billion of Interest This Year, Almost as Much as It Sent the States for Medicaid

Springfield's Truck Plant Closed When GM's Contract Ran Out. Its New Owner Has Not Said When It Will Reopen.

Oil Is Up 61 Per Cent Since February. American Natural Gas Costs What It Did a Year Ago.

Five Tech Groups Asked Trump to Spare Data Centers From Chip Tariffs. For Now, They Are Exempt.

America Now Spends More Building Data Centers Than Chip Plants. Most Other Private Building Is Shrinking.

The Trucking Companies Going Bankrupt Are Small. Diesel Is Paid in Days, Freight in Months.

The G-7 Will Release 100 Million Barrels. Some May Already Have Been Promised in March.

China Says It Shipped America $258 Billion of Goods This Year. America Counted $158 Billion.

Shipping a Container From Asia to America Costs Four Times What It Did in February. To Europe, the Price Is Falling.

Mortgage Rates Are Back Where They Were in 2023. This Time the Cushion Is Already Spent.

Insurers Keep Telling Surveys They Will Hire. Payrolls Show 90,000 Fewer Jobs.

Metrics Cut Its Funds by Up to 12 Per Cent. KPMG Still Would Not Sign.

Caterpillar Will Spend $1 Billion on a New Plant in Sanford. Its Workforce There Will Not Grow.

The Fed Will Now Show Banks the Stress Test Before They Sit It. One Governor Says That Is the Problem.

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