U.K. Companies’ IPOs Lag on Pre-Brexit Fears
IPOs by companies based in Britain have raised only $1.53 billion in the first three months of 2017, the lowest level since 2012.
EBay Forecasts Weaker Revenue and Profit
The online retailer also reported lower net income and flat revenue for the fourth quarter of 2015.
American Apparel Files for Bankruptcy
Another teen fashion retailer seeks to reorganize under Chapter 11 protection.
LinkedIn’s Losses Widen
LinkedIn’s losses are mounting due its aggressive growth spurt, occurring both internally and through acquisitions.
Labor Costs Stagnant
The U.S. employment cost index rose just 0.2% in the second quarter, the smallest increase in 33 years.
American Apparel Cost Cuts May Not Be Enough
The embattled retailer may not have sufficient financing commitments to meet its needs over the next 12 months.
Economists Predict Q2 Rebound
Gross domestic product is predicted to hit 3.1% this quarter, as long as the strong U.S. dollar doesn't derail production.
Manufacturing Output Dips
U.S. manufacturing output fell 0.2% in February, with durable goods production falling 0.6%. Capacity utilization also declined.
Lockheed Martin Settles 401(k) Lawsuit
Employees sued the defense contractor for not disclosing excessive fees and underperforming funds in the company's retirement plan.
FBI Says U.S. Banks Weren’t Hacked
"The FBI and USSS (U.S. Secret Service) have received no reports that Carbanak malware has affected the U.S. financial sector," said U.S. authorities.
Bankruptcy in Bulk
Tumbling rates in the dry bulk shipping market force two companies into bankruptcy.