https://www.ft.com/content/24305b38-3f0e-11e7-82b6-896b95f30f58 Students should beware the overconfidence that can often squander opportunities By: Scott Rostan May 24, 2017 French philosophers are generally not part of the curriculum covering the skills needed for investment banking and financial modelling. However, with the time for summer internships in the banking industry drawing near, I often find myself repeating the […]
By John Aidan Byrne http://nypost.com/2017/04/22/sears-owner-has-milked-iconic-retailer-dry-analysts-say/ Sears, the iconic American retailer, is now just a shell of its former self, and Wall Street retail analysts say responsibility for that can be laid at the feet of owner Eddie Lampert and his hedge fund ESL Investments. However, Lampert — once ranked the richest person in Connecticut — […]
by: Kana Inagaki in Tokyo Analysts say regulators could force crisis-hit conglomerate off the stock exchange Toshiba’s shares fell just 1 per cent on Wednesday, and its bond prices barely moved, after it had warned of significant doubt over its future as a going concern. But experts caution against apparent market complacency, saying that while […]
By Marielle Segarra In a financial filing on Tuesday, Sears said “substantial doubt exists related to the company’s ability to continue as a going concern.” The announcement hit the company’s shares hard. Sears reported a loss of more than $2 billion in 2016. What does this disclosure mean for the retailer and is there any […]
http://www.usatoday.com/story/money/business/2017/03/21/sears-says-substantial-doubt-can-stay-business/99479726/ By Charisse Jones Sears, an iconic department store chain whose name is as steeped in Americana as apple pie and Levi’s jeans warned that it might be going the way of the blue light special, uncertain that it can survive more than another year in the midst of the upheaval that has disrupted the […]
https://www.law360.com/articles/902112/for-caterpillar-federal-raid-may-mean-more-than-tax-trouble by Vidya Kauri The IRS has challenged six years of tax returns filed by Caterpillar, but tax troubles may be the least of the construction equipment giant’s problems after a massive surprise raid by federal enforcement authorities signaled the possibility of more serious financial crimes. The March 2 raid at three Caterpillar Inc. offices in […]
http://poetsandquantsforundergrads.com/2017/03/06/bulge-bracket-banks-seeking-earlier-access-undergrad-biz-majors/ At the Tippie School of Business at the University of Iowa, Brian Richman has had to adjust to a bracing new reality this year. Leading bulge bracket banks, such as Goldman Sachs and others, have told Richman, director of the school’s Hawkinson Institute of Business Finance, that they are already eyeing sophomores for plum […]
http://finance.yahoo.com/news/snap-stock-soars-as-snapchat-parent-debuts-trading-on-nyse-164851432.html Stocks (^DJI, ^GSPC, ^IXIC) are giving back Wednesday’s gains at the midday mark, with only the utilities sector (XLU) still in the green and financials (XLF) leading the way down. Alan Valdes, director of floor operations at Silverbear, joins us live from the New York Stock Exchange. To discuss the other big stories of the day, Alexis Christoforous is joined by Yahoo Finance’s Rick […]
https://www.bnnbloomberg.ca/video/there-s-a-sweeter-pot-of-gold-on-the-other-side-for-hunter-harrison-rail-expert~1039324
https://www.thestreet.com/story/13935684/1/splitting-hairs-on-stock-split-candidates.html By Bob O’Brien Stock splits are one of the implements that corporations keep in their tool kits. Akin to dividends. Or buybacks. Only … less so. Stock splits are ephemera, like dotting an “I” with a smiley face. They make the message seem a little more companionable, without changing the meaning of the words. […]