Citigroup bond analyst Murali Ganti and team consider the impact of Valeant Pharmaceuticals’ (VRX) statement regarding its attempt to modify its bond covenants…
Kris Tripplaar/Sipa USA
On 03/30/16, Valeant launched its Credit Agreement amendment process to extend the filing deadlines for filing its FY 2015 10-K to 05/31/16 from 04/29/16 and its 1Q 2016 10-Q to 07/31/16.....More>>>
Small cap teen retailer Abercrombie & Fitch Co (NYSE: ANF) reported Q2 earnings before the market opened Thursday with results topping expectations. Net sales were $779.3 million versus $783.2 million with comparable sales down 1%:
Fiscal 2017 Comparable Sales Summary (1)
Electric vehicle (EV) stock Tesla Motors Inc (NASDAQ: TSLA)issued itsQ2 2017 update letterafter the market closed Wednesday. Revenue more than doubled to $2.8 billion, thanks to a big increase in Tesla’s energy generation and storage business; but the net loss widened to $336.4 million from $293.2 million as it opened new stores and prepared for the launch of its new lower-cost Model 3 sedan.....More>>>
President Trump risks an embarrassing blunder if he doesn’t tone down his rhetoric on China’s currency when he comes face to face with President Xi Jinping.
The first meeting between the leaders of the world’s two largest economies begins later Thursday.
Trump believes Beijing has kept its currency — the yuan — artificially low as part of a trade....More>>>
Is your car burning up your paycheck? Youre not alone.
The total amount Americans owe on auto loans is at an all-time highand late payments have risen over the past couple years, according to the Federal Reserve Bank of New York. In the first quarter of 2017, about 1-in-26 car loans were 90 or more days late.
Heres how to avoid or address troublesome car debt.
Buying? Be budget-savvy....More>>>