Deutsche Bank Investors Get a Scare
Shares in Deutsche Bank tumbled on Feb. 9 to their lowest point since 1992. The biggest thing driving investors’ pessimism: a report from independent research firm CreditSights that said the Frankfurt-based bank might struggle to make its payments next year on contingent convertible bonds, also known as CoCos. Deutsche Bank took the unusual step of saying that it can make payments on the bonds for the next two years, and its shares rallied 4.6 percent on Feb. 10 on reports it might buy back som..>> view originalRetail sales rise 0.2 percent in January as wages improve
Retail sales have finally hit a rebound.American consumers are feeling slightly more confident about their spending, according to retail sales data from the Commerce Department released on Friday.Retail sales increased by 0.2 percent in January, following a decline in December. Sales last month were up by 3.4 percent from the same period a year ago. Retailers including book and music stores saw their sales increase by as much as 7.6 percent year over year. The auto industry also continued to ga..>> view originaliRobot Co. (IRBT) Releases FY16 Earnings Guidance
iRobot Co. (NASDAQ:IRBT) issued an update on its FY16 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $1.20-1.40 for the period, compared to the Thomson Reuters consensus estimate of $1.64, Analyst Ratings Net reports. The company issued revenue guidance of $630-642 million, compared to the consensus revenue estimate of $688.37 million.iRobot also updated its Q1 guidance to ($0.03)-$0.04 EPS. Shares of iRobot Co. (NASDAQ:IRBT) opened at 28.39 ..>> view originalUS Stocks Higher This Afternoon as Oil Rebounds, Banks Rise
A strong rebound in oil prices and an encouraging report on retail sales helped lift the U.S. stock market in afternoon trading Friday, putting it on course for its first gain in a week. Financial and energy companies were among the biggest gainers. Oil was up more than 11 percent. KEEPING SCORE: The Dow Jones industrial average rose 226 points, or 1.5 percent, to 15,887 as of 1:54 p.m. Eastern Time. The Standard & Poor's 500 gained 24 points, or 1.4 percent, to 1,853. The Nasdaq composite add..>> view originalEmployees React To News 1400 Jobs Are Leaving The Country [VIDEO]
4898699Carrier Air Conditioning announced this week it’s shipping 1,400 jobs to Mexico, and the reaction of a room full of employees when they learned the news was caught on camera. “The best way to stay competitive and protect the business for long-term is to move production from our facility in Indianapolis to Monterrey, Mexico,” a man speaking on behalf of the company says in the video to a large crowd of employees in a gymnasium-like room. The crowd immediately erupts in shouts and boos...>> view originalEurozone Economy Grows, but Total Output Still Lags 2008
Photo The working-class neighborhood of Sant Ildefons in the Catalonia Province of Spain. Greece, Italy and Spain have struggled to recover from the economic crisis of 2008. Credit Arnau Bach for The New York Times Europe is still trying to crawl back to where it was in 2008. That was the subtext of the economic data for the eurozone published on Friday.The 19-country eurozone, the core of Europe’s economy, grew at an annual rate of 1.1 percent in the last quarter of..>> view originalVisa discloses 9.99% stake in Square A shares, is top-five shareholder
Visa (V -2.3%) is one of the top five shareholders in payments firm Square (SQ -3.1%), according to a 13G filing posted this evening. The world's largest payment network operator has a 9.99% equivalent stake in Square Class A. It had invested in the ...>> view originalGlobal shares gain on reduced global economy fears; oil rallies
NEW YORK U.S. and European shares rebounded from recent weakness on Friday, with reassuring U.S. retail sales data boosting sentiment, while U.S. crude prices rallied from more than 12-year lows. Banking shares in the United States and Europe spiked, with the S&P financial index .SPSY last up 3.4 percent and the STOXX 600 Europe Banks index .SX7P gaining 5.6 percent.The U.S. S&P 500 .SPX gained over 1 percent after five days of losses that had dropped it to its lowest level in two years on Thu..>> view originalMyspace still exists? Yes, and now Time Inc. owns it
Myspace still exists?It does, and the company that owns the once-ubiquitous social network is being bought by Time Inc. to help the magazine publisher target ads.Time Inc. did not say Thursday what it paid. The publisher of People, Sports Illustrated and Time magazines was spun off from entertainment company Time Warner in 2014. It is facing a decline in print ad dollars and posted an $881 million loss last year.Myspace's parent company is Viant, which says it provides marketers with access to ..>> view original
Friday, February 12, 2016
Deutsche Bank Investors Get a Scare and other top stories.
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