Transocean (RIG) finally got around to taking out a loan backed by one of its offshore rigs, and while the size of the loan was bigger than expected–and nearly enough to cover its December maturities–the rate on the loan was higher than expected. Citigroup’s Scott Gruber and Craig Abramson explain:
After months of discussion, Transocean announced....More>>>
On Thursday, our Under the Radar Moversnewsletter suggested going long on small cap biopharmaceutical stock Retrophin Inc (NASDAQ: RTRX):
Two views of RTRX today. The short-term one shows how there’s been a high-volume buy-in this week, and that buying volume is growing. It’s also on this near-term chart we can see the 200-day moving average line (green) was indeed a support level....More>>>
WILMINGTON, Del. DuPont will nolonger contribute to active employees’ pension plans, a move that will affect the retirement of 13,000 workers, including 2,800in Delaware.
The Wilmington-area company announced Thursday that workers will stop accruing benefits sometime in November 2018 or the creation date of the first independent company spawned through theproposed $130 billion mergerwith....More>>>
Photo by Matt Winkelmeyer/Getty Images for Glamour
Late last week, an executive vice president with Verizon, Marni Walden, stated that she “can’t say with confidence one way or the other” whether the Yahoo takeover gets done. Just last month, Yahoo finally fessed up and admitted that more than a billion user accounts were hacked into in 2013. In 2014, an additional 500....More>>>
The National Highway Traffic Safety Administration (NHTSA) has taken the next step in its investigation of consumer complaints involving exhaust odor inside the Ford Motor Co.’s (NYSE: F) Explorer SUV. The agency began its investigation into the complaints in June of last year and has now u
New Uber CEO Dara Khosrowshahi's first day at the company will be Tuesday, Sept. 4, 2017, and he's not wasting any time preparing for the Uber IPO. In fact, he wants Uber to go public between 2019 and 2021.
This is much clearer than former Uber CEO Travis Kalanick's time