Markets

Charlotte Russe files for bankruptcy, plans to close 94 stores

Charlotte Russe files for bankruptcy, plans to close 94 stores Penney, BCBG, Bebe, Nine West, Claire's , Sam's Club, Gap, Banana Republic and Bon-Ton stores such as Herberger's. The company's business also includes 10 stores operating under the baby and children's apparel brand Peek, which the company acquired in 2016. [Full Article...]

USA oil prices edge up as market eyes tighter supply

USA oil prices edge up as market eyes tighter supply U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are inching higher on Tuesday as investors try to claw back some of yesterday's losses. The Trump administration has imposed sweeping sanctions on Venezuelan state-owned oil firm PDVSA, aimed at severely curbing the OPEC member's crude exports to the United States and at pressuring socialist President Nicolas Maduro... [Full Article...]

Kraken buying United Kingdom crypto platform for hundreds of millions

Kraken buying United Kingdom crypto platform for hundreds of millions Announced today, the $100 million-plus acquisition is the largest single deal for the cryptocurrency industry in 2019 so far. Based out of London, the company was the first regulated entity - under the supervision of the FCA - to list Bitcoin (BTC), Ethereum (ETH), XRP (XRP), Litecoin (LTC) and Bitcoin Cash (BCH) futures. [Full Article...]

Brussels and Dublin 'intransigence' could mean no-deal Brexit, says DUP

Brussels and Dublin 'intransigence' could mean no-deal Brexit, says DUP Ms May said opposition leader Jeremy Corbyn "also believes the potential indefinite nature of the backstop is an issue", and that the European Union has "already accepted the principle of "alternative arrangements" superseding the backstop should it ever be required". [Full Article...]

Nissan promised £80m to build cars in Sunderland

Nissan promised £80m to build cars in Sunderland The embattled premier has until next week to secure changes to the backstop - the insurance policy meant to keep the Irish border open in the absence of a broader trade deal - that will satisfy anti-EU members of her Conservative Party and win her a majority in Parliament. [Full Article...]

Bill Gross sends last missive on bonds - and fees

Bill Gross sends last missive on bonds - and fees He joined the asset manager in late 2014 and will leave on March 1. Nick Maroutsos, co-head of global bonds and portfolio manager at Janus Henderson, will become portfolio manager of the Global Unconstrained Bond funds, effective February 15. [Full Article...]

Google Stock Falls on a Lower Fourth-Quarter Profit Margin

Google Stock Falls on a Lower Fourth-Quarter Profit Margin That figure comes out to 24% of Google's Q4 advertising revenue, and was up 13% sequentially from Q3 2018, and 15% year-over-year from Q4 2017. Also notable: Alphabet's other revenues, which include non-Google business, such as the company's autonomous vehicle project, saw its losses almost double, to the tune of $1.3 billion for the holiday quarter. [Full Article...]

Vice Media To Lay Off 10% Of Staff, Restructure Business Units 02/04/2019

Vice Media To Lay Off 10% Of Staff, Restructure Business Units 02/04/2019 Dubuc announced plans to tighten company spending and reduce redundancies last November through a hiring freeze and natural attrition, keeping layoffs on the table as a possibility. We can add Verizon to the growing list of media companies. Alex Payne, vice-president global programmatic solutions at Vice, said working with Teads will help the struggling company "deliver reliable and consiste... [Full Article...]


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