STEVENSON
Total Nutraceutical to debut horse supplement
Total Nutraceutical Solutions Inc. introduced a mushroom-enriched vitamin D2 dietary supplement for horses this week.
The Stevenson company said it would unveil the product, EquiSANO-D, at a convention this weekend of the American Association of Equine Practitioners. Company researchers Tony Basile, president, and Marvin Hausman will make the presentation.
Total Nutraceutical will market EquiSANO-D as a product that alleviates inflammation and other equestrian ailments. The company focuses on the research and development of products comprised of organic natural mushroom compounds, including nutritional tools and products for the fields of animal husbandry and livestock feed.
DALLAS
Southwest traffic rose 11.7 percent in November
Southwest Airlines Co. said Friday that November traffic jumped 11.7 percent over the same month last year, when recession and shock waves in the financial industry were hurting business travel.
Southwest said revenue for each seat it offered, a closely watched measurement in the airline industry, rose about 12 percent.
Meanwhile, the airline was reducing seats, which caused planes to fly closer to full. The average November flight took off with 76.5 percent of the seats filled, compared with 63.2 percent a year earlier.
NEW YORK
Dollar and supply trump jobs data; crude falls
Oil prices ended the week tumbling to a seven-week low as massive crude supplies and a surging dollar overshadowed encouraging job numbers.
The U.S. dollar, which is used to price crude contracts, has had an especially heavy influence on oil trading this year. It’s helped oil double in price from $40 to more than $80 a barrel in the past several months despite weak consumer demand and bloated supplies.
But as the greenback rallied Friday, oil prices started to fall.
Benchmark crude for January delivery lost 99 cents to settle at $75.47 a barrel on the New York Mercantile Exchange.
WASHINGTON
Treasury gets $146.5 million for Capital One warrants
The Treasury Department said Friday that it received $146.5 million for the warrants of Capital One Financial Corp. in the first auction of warrants the government received as part of the $700 billion financial system bailout.
The auction resulted in a price of $11.75 per warrant. Warrants are financial instruments that allow the holder to buy stock in the future at a fixed price. Each warrant gives the owner the right to purchase one share of Capital One stock for $42.13.
