Markets


Markets

Deadline Draws Near for Puerto Rico

Thu, 30 Jul 2015 18:51:42 EDT
Investors are bracing for Puerto Rico to default on about $58 million in bond payments in coming days, as the U.S. commonwealth attempts to restructure $72 billion in debt.

U.S. Stocks End Flat

Thu, 30 Jul 2015 16:37:58 EDT
U.S. stocks ended the trading day little changed Thursday as investors focused on the latest batch of corporate earnings.

Cargill's Black River Shutting Four Hedge Funds

Thu, 30 Jul 2015 18:55:55 EDT
Cargill’s Black River Asset Management plans to shutter four of its hedge funds and return more than $1 billion to investors over the next several months.

Deutsche Bank Didn't Archive Chats Used by Some Employees Tied to Libor Probe

Thu, 30 Jul 2015 17:02:52 EDT
A month after reaching a $2.5 billion settlement over interest rate rigging, Deutsche Bank told regulators its disclosures may have been incomplete because it accidentally failed to archive electronic chats involving its employees.

In China Stocks, Late Jolts Are the New Normal

Thu, 30 Jul 2015 17:08:58 EDT
Anyone trading Chinese shares shouldn’t take a long lunch. That is the lesson from the Shanghai market’s behavior in recent days, as margin calls and moves linked to government buying shake up trading.

Obama Asks Supreme Court to Review Insider-Trading Ruling

Thu, 30 Jul 2015 18:25:46 EDT
The Obama administration asked the Supreme Court to review last year’s insider-trading decision by a federal appeals court that overturned two convictions and set a higher standard for proving the financial crime.

Lehman Increases Money Recovery Estimate to $92.2 Billion

Thu, 30 Jul 2015 17:52:08 EDT
Lehman Brothers Holdings Inc., which collapsed nearly seven years ago, increased its estimate of how much money it will recover to $92.2 billion, thanks to gains in real estate, derivatives and private-equity investments.

Ukraine, Bondholders Move Closer to Deal

Thu, 30 Jul 2015 15:44:39 EDT
Ukraine and a group of its bondholders moved closer to deal over $19 billion in debt after creditors agreed to take a small reduction in the face value of their holdings.

Consumers Priming U.S. Economic Pump

Thu, 30 Jul 2015 18:09:47 EDT
Consumers are starting to spend more of the dividends they have received from lower gasoline prices.

Bakken Driller's Reset Points to More Pressure on Oil

Thu, 30 Jul 2015 17:56:09 EDT
Whiting Petroleum’s capitulation suggests oil price rallies will be capped in 2016.

Exxon Mobil, Chevron Put Squeeze on Buybacks

Thu, 30 Jul 2015 14:41:36 EDT
Ahead of the Tape: Dividends are a lifeline as Exxon Mobil and Chevron slash buybacks amid oil’s slump.

Deutsche Bank's Hard Road Ahead

Thu, 30 Jul 2015 17:53:19 EDT
John Cryan, Deutsche’s incoming chief, has to dig his way out of a deep hole.

Royal Dutch Shell Cuts Its Way to a New Look

Thu, 30 Jul 2015 17:06:18 EDT
The U.K. oil and gas major is chopping jobs, costs and investment. That looks like as much an image makeover, as a financial one.

Thrifty Sony Still Has Some Explaining to Do

Thu, 30 Jul 2015 18:07:23 EDT
Sony has made great strides rationalizing costs and wooing back disillusioned investors. But color is still needed on how it plans to spend investors’ cash.

RBS Offers Big Rewards for Patient Buyers

Thu, 30 Jul 2015 06:49:25 EDT
The U.K. bank’s radical restructuring launched in February promises to build a big capital surplus.

Facebook's Heft Comes at a Cost

Thu, 30 Jul 2015 01:37:53 EDT
As Facebook grows off a huge base, it is getting expensive.

China's Thumb on Fed Rate-Rise Scale

Wed, 29 Jul 2015 18:41:03 EDT
The Federal Reserve is trying to balance the outlook for jobs and inflation as it considers a rate increase. China’s market turmoil could weigh on its deliberations.