Chesapeake swaps debt for equity for second time in May
(Reuters) - Chesapeake Energy Corp , the second-largest U.S. natural gas producer, said it had issued or agreed to issue about 5 percent of its outstanding shares in exchange for debt over the past...
View ArticleYou won’t recognize the new world of digital payments without this report
The modern smartphone is a remarkable device. A single device that fits in your pocket can do all the tasks that once required cameras, camcorders, GPS devices, watches, alarm clocks, calculators, and...
View ArticleDoubts mount over merger of health insurers Anthem, Cigna
By Bill Berkrot(Reuters) - Wall Street expressed growing doubts about a pending $54 billion merger of U.S. health insurers Anthem Inc and Cigna Corp on Monday as news of management squabbles added to...
View ArticleProduction of Coke halted in Venezuela for lack of sugar
(Reuters) - The Venezuelan bottler of Coca-Cola has halted production of sugar-sweetened beverage due to a lack of sugar, a Coca-Cola Co spokeswoman said on Monday.Venezuela is in the midst of a deep...
View ArticleThis brutal chart puts you at the heart of Wall Street's pain
One business has been dragging Wall Street down for years — and it took an even bigger-than-usual nosedive at the start of 2016.Revenues in the fixed-income, currencies, and commodities business...
View ArticleWall Street's shrinking workforce in one chart
Wall Street's workforce is shrinking.Front-office headcount at investment banks across the Street has dropped 21% over the past five years, according to the data-analytics firm Coalition.Total...
View ArticleNY lawmaker warns on U.S. financial security after SWIFT attacks
WASHINGTON (Reuters) - Recent hacks of international banks through the SWIFT messaging system raise serious questions about cyber-related risks to U.S. firms, Representative Carolyn Maloney wrote on...
View ArticleFully understand the Fintech Ecosystem with this report
We’ve entered the most profound era of change for financial services companies since the 1970s brought us index mutual funds, discount brokers and ATMs.No firm is immune from the coming disruption and...
View ArticleThe 'black swan event' that could send oil to $25 a barrel
Oil's had a pretty good year.The commodity's seen a nice rally in light of a weaker US dollar, stronger economic data from China, decreasing non-OPEC production, and a continued rise in demand.WTI...
View ArticleAsian shares trade languidly, dollar edges up
By Lisa TwaroniteTOKYO (Reuters) - Asian shares were nearly flat in early trading on Tuesday, while the dollar rebounded from steep losses against the yen in the previous session.MSCI's broadest index...
View ArticleA software company could be the next big step in the IPO market's comeback
Blue Coat Systems, the security-software company taken private six years ago, is close to kicking off an initial public offering, according to people familiar with the matter.The company could make its...
View ArticleBulgari aims to have up to six stores in Russia over 10 years
MOSCOW (Reuters) - Bulgari, the flagship jewelry brand of luxury group LVMH , plans to open up to four more stores in Russia over the next ten years, betting on the long-term prospects of its luxury...
View ArticleThis stylish SUV is Mercedes' new weapon against Audi and BMW
Mercedes-Benz changed the luxury-SUV market in 1998 with the M-Class. Never before had the automotive world seen a vehicle with such ruggedness, civility, and performance wrapped in Mercedes-Benz...
View ArticleSTOCKS RALLY: Here's what you need to know (XHB, TOL, DIA, SPX, SPY, QQQ,...
Stocks rallied on Tuesday after doing nothing on Monday and sending the S&P 500 back to within about 50 points of a record high. First, the scoreboard:Dow: 17,706, +213.1, (+1.2%)S&P 500:...
View ArticleHP Enterprise shares jump more than 10% after announcing spin off plan for...
HP Enterprise shares went up more than 10% in after hours trading on Tuesday after the company announced plans to spin off its enterprise services unit.In a statement, HPE said that it will spin-off...
View ArticleDISTRESSED INVESTOR: 'It’s time to put money to work'
Investors who specialize in distressed investing are getting ready to spend."It's obviously an energy and commodities-focused distressed cycle...and it reminds me of the early 2000s tech and telecom...
View ArticleHP Enterprise to merge enterprise unit with Computer Sciences Corp
(Reuters) - Hewlett Packard Enterprise Co said on Tuesday it plans to spin off and merge its enterprise services business with Computer Sciences Corp .Hewlett Packard Enterprise, which houses the...
View ArticleThe fight for free tuition at Harvard just lost a major battle
Harvard alumni elected a new slot of members to the Harvard Board of Overseers on Monday — but none of them were members of "Free Harvard Fair Harvard," a group of five men running on an aggressive...
View ArticleNasdaq rejects listing application by cannabis social network
By Laila KearneyNEW YORK (Reuters) - Stock exchange operator Nasdaq has rejected a listing application by MassRoots Inc on the grounds that it may aid in the use and dealing of an illegal substance,...
View ArticleWhat the woman who created the real 'Money Monster' thinks about George...
Susan Krakower bagged groceries in Queens, New York as a kid before moving to Los Angeles and working in TV trying to learn everything she could possibly know about creating a show.Those efforts paid...
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