Text size Paul Ratje / Getty Images Bond Investors Should Not Be Overly Surprised With Chesapeake Energy‘s bankruptcy. The oil and gas producer filed for Chapter 11 bankruptcy protection in a South Texas court on Sunday, after the company and its creditors agreed to the guidelines of a restructuring plan …
Read More »Wells Fargo may need to cut its dividend by 50%, analyst says
Text size Wells Fargo plans to disclose its pay level when it reports second-quarter results in July. fake pictures With the Federal Reserve stress tests in the rearview mirror, Wall Street has a little more guidance on the path of bank dividends later this year. But the uncertainty remains. The …
Read More »Micron Stock jumps in profit. What investors should know.
Text size Photograph by Tomohiro Ohsumi / Bloomberg Shares of Micron Technology rose after the memory chip maker reported fiscal third-quarter earnings and sales on Monday that exceeded guidance released by the company just a month ago. Micron’s shares (ticker: MU) rose 5.2% in pre-trade trading. Shares closed 1.4% during …
Read More »Micron Earns Profits on Strong Third Quarter Earnings Report and Continuing Demand for Memory Chips
Text size Photograph by Tomohiro Ohsumi / Bloomberg Shares of Micron Technology rose Monday night, after the memory chip maker reported third-quarter tax earnings and sales that exceeded guidance released by the company just a month ago. Micron shares (ticker: MU) rose 6% in the extended session. Shares closed 1.4% …
Read More »Intercept actions fall on NASH disappointment
Text size Dirk Waem / Getty Images NASH was once the next big thing for big drug companies; a newly defined disorder that requires chronic treatment that affects millions of people in developed countries. Dozens of companies are developing drugs for the disease, which can cause life-threatening conditions like decompensated …
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