Monthly Archives: June 2015

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Portugal’s Novo Banco gets three binding offers

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LISBON–Novo Banco, the Portuguese bank created out of failed lender Banco Espírito Santo SA last year, has received three binding offers that will be analyzed in the coming weeks, the country’s central bank said Tuesday.

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Greece officially misses IMF payment, loses EU funds as midnight passes

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The Wall Street Journal: Greece set to default on IMF loan despite new push for bailout

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Greece is on track to become the first advanced economy to default on loans from the International Monetary Fund after eurozone finance chiefs shut down a last-minute request for emergency aid.

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Yelp ads deemed overpriced, analyst predicts slowdown in growth

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A recent report in the restaurant industry found Yelp ads were viewed as too expensive by small-business owners.

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U.S. stocks end higher Tuesday; S&P 500 suffers first quarterly drop in 10

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The Wall Street Journal: Walt Disney names Treasurer McCarthy as new finance chief

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Christine McCarthy will succeed James Rasulo as CFO.

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Stocks push near intraday highs in Tuesday afternoon trading

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The Tell: Bill Gross is worried about liquidity and a ‘run on the shadow banks’

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Market watchers have repeatedly voiced liquidity fears, and bond guru Bill Gross weighed in with his take on Tuesday.

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London Markets: FTSE 100 books worst month in 3 years

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U.K. stocks are marking the worst monthly performance since 2012.

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Junk bonds are still the top performer in U.S. fixed income

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High-yield bonds outperformed Treasuries and investment-grade corporates in the second quarter.

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