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>>>
For most of her career, Dorothy Keenan worked with older adults, eventually becoming the supervisor of senior services in Fairfax County, Va. But three years ago, as a retiree, she decided to focus on the younger generation, volunteering at elementary schools that primarily serve lower-income children.
Today, I (Porter) am going to introduce a new financial term... I've been thinking about this a while... it's a term that describes the modern economy's fondness for central banks, paper money, huge debts, and financial bubbles. I call it the "Escher Economy." &nbs
The Nasdaq trade unwound some on Friday. From the peak Friday morning in the futures of 5,898 the tumble started around 11:00 am, falling to as low as 5,660. That's 238 Nasdaq futures points or 4% - quite a sharp move.
Remember, it seems like an overdone trade (driven by the big tech stocks
How much are you putting away for retirement? And is it enough? On average, Americans participating in defined contribution plans—such as 401(k)s—are socking away only 6.2% of their income every year, according to Vanguard’s “How America Saves 2017” report.