The Briefcase

The Briefcase

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KeraNetics nears closing of $ 2.45 million offering

KeraNetics LLC, a Winston-Salem biotechnology company, submitted last week a regulatory update on its latest offering that commenced Feb. 28.

The company said it has sold $ 1.91 million out of $ 2.45 million in securities, representing a mix of debt, stock options or warrants, and other securities. There have been 24 investors in the offering.

The company said the offering could take past February 2018 to complete.

The company projects that at least $ 150,000 of the gross proceeds would go toward paying toward executives, directors or promoters. Kim Westmoreland is chief executive, while Don Flow is one of the directors.

KeraNetics is a biomaterials company. At last count, it had 23 employees, including eight with doctorate degrees.

Richard Craver

Harley-Davidson wants to teach more to ride

MILWAUKEE — Harley-Davidson is placing a renewed emphasis on teaching people to ride as part of its efforts to attract more customers.

The Milwaukee-based company’s decision to expand the number of dealerships with a Harley “Riding Academy” comes as the industry grapples with years of declining sales and an aging customer base.

The program launched in 2000 with about 50 locations and now 245 dealerships in the U.S. offer the three- or four-day course. The company says about a quarter of those launched since 2014.

Harley sold 124,777 new motorcycles through nine months in 2017, down from 135,581 during the same period the previous year, according to the company’s most recent earnings report.

The Motorcycle Industry Council says the median age of motorcycle owners increased from 32 to 47 since 1990. About 46 percent of riders are over 50; only about 10 percent are 30-34.

The Associated Press

U.S. stocks finish slightly lower in light trading

A listless day of trading on Wall Street ended with major stock indexes closing slightly lower Tuesday, weighed down by losses among some big technology companies.

Apple slid 2.5 percent amid speculation that the consumer electronics giant might cut its targets for sales of its latest iPhone. Banks also declined, outweighing gains by energy companies and retailers. Oil prices closed higher.

Trading was light as investors returned from the Christmas holiday.

“It’s a low-volume day after Christmas, with hardly anything going on,” said Tom Martin, senior portfolio manager with Globalt Investments. “You have one piece of news that is significant on a major company, Apple. That moved some of the components around.”

The Standard & Poor’s 500 index fell 2.84 points, or 0.1 percent, to 2,680.50. The Dow Jones industrial average slid 7.85 points, or 0.03 percent, to 24,746.21. The Nasdaq lost 23.71 points, or 0.3 percent, to 6,936.25. The Russell 2000 index of smaller-company stocks picked up 1.30 points, or 0.1 percent, to 1,544.23.

The Associated Press

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About Craig Ballantyne 12991 Articles
I love anything to do with Harley Davidson and have two beautiful children and a beautiful partner. In my spare time i like building websites and love anything to do with the internet.

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