LONDON, Feb 10 (IFR) - Deutsche Bank bonds rallied on Wednesday following press reports of a possible buyback of senior debt, although market sources expressed scepticism about the long-term benefits of such a liability management exercise.
The feature that much of Twitter has dreaded for at least the past week is finally here: The social network has gone algorithmic. The change is an opt-in feature that is not the default setting (for now).
HOFFMAN ESTATES, Ill. - Sears keeps pruning its business in a years-long makeover, a bid to transform itself from a 123-year-old retail store into a nimble, 21st century operator.
The entertainment conglomerate, led by CEO Jeff Bewkes, missed revenue forecasts like Viacom did a day earlier, but predicted 2016 earnings would come in a bit better than it had said in a recent guidance downgrade.
When Monsanto agreed to pay regulators $80 million Tuesday for accounting missteps, the giant agribusiness's chief executive also chipped in: He voluntarily agreed to return his bonus for the years the fraud occurred.