Asian Morning Briefing: Dow Turns Positive for 2016
MARKETS AT A GLANCE (Data as of approximately 5 p.m. ET) SNAPSHOT: The Dow Jones Industrial Average turned positive for the year Thursday, while oil...>> view originalViacom extends COO Tom Dooley's agreement; names lead independent director
Viacom has ended the intrigue surrounding a key question: Will Chief Operating Officer Thomas E. Dooley stick around?On Thursday, the media company that owns cable channels MTV, Comedy Central, Nickelodeon and BET and Paramount Pictures film studio extended Dooley's employment contract through Dec. 31, 2018. His pact was set to expire at the end of this year.Dooley, 59, is an important figure at the media company and, thus, his contract situation was being watched by Wall Street. Viacom shares ..>> view originalOil closes above $40 for first time since Dec.
Oil prices have mounted a strong rebound recently.(Photo: Eric Gay, AP)U.S. oil prices closed above $40 for the first time in three months Thursday after a market- friendly Federal Reserve stoked a five-week-old rally that has seen crude rise sharply from its February lows.But while oil is almost certainly headed higher by the second half of the year, at least one analyst believes the recent run-up is likely overdone in light of an ongoing glut of about 1.5 million barrels a day.West Texas Inter..>> view originalOne of the hottest teen brands of all time is getting closer to extinction
REUTERS/Brendan McDermidAeropostale was once a teen staple. But it has lost popularity with teenagers — look no further than its dismal results for the fourth quarter of fiscal-year 2015, and the entirety of the year. Comparable sales, including e-commerce, were down 6.7% compared to this time last year. Net sales were down 16.1%. This comes on the heels of a rough year. Comparable sales for all of fiscal 2015 were down 8.6%, and net sales for all of fiscal 2015 were down 18%. Shares were down ..>> view originalInvestors find Mozambique "tuna bond" debt swap offer fair
LONDON, March 17 Holders of bonds issued by Mozambique's state-run tuna-fishing company Ematum said on Thursday a proposed debt swap offer by the government looked "fair", raising the likelihood of a friendly exchange.Mozambique is offering to swap an outstanding $697 million of dollar-bonds issued by Ematum, which mature in 2020 and have a coupon of 6.305 percent, for a new sovereign issue maturing in January 2023, priced at 80 percent and holding a coupon of 10.5 percent, according to exchan..>> view originalAdobe shares rise as earnings beat Wall Street's expectations
Getty Images Markets Stream gives you a single place to follow live updates of markets moves and commentary, plus relevant insight from the web and social media. Here’s how it works.>> view originalTribune Publishing to buy Freedom's assets, Orange County Register for $56M
Orange County Register(Photo: Freedom Communications)Tribune Publishing, which owns The Los Angeles Times and the Chicago Tribune, said Thursday it has prevailed at a bankruptcy auction to acquire “substantially all of the assets of Freedom Communications,” including the Orange County Register/ for $56 million, moving to control the second largest daily newspaper in the Los Angeles region while facing opposition from federal regulators.The deal includes another daily newspaper owned by Freedom, ..>> view original
Thursday, March 17, 2016
Asian Morning Briefing: Dow Turns Positive for 2016 and other top stories.
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