Prospect Capital Fiscal Q4 Net Income, Investment Income Drops from Year Ago Levels

Prospect Capital Fiscal Q4 Net Income, Investment Income Drops from Year Ago Levels

(At item published on Aug. 28 at 4:21 pm ET incorrectly said in the final paragraph the monthly cash distribution was unchanged when in fact the previous distribution was $0.0833 per share. The corrected version follows.) Prospect Capital (PSEC) late Monday reported fiscal Q4 net income of $0.14 per share, slipping from a $0.27 per share profit during the year-ago period. Net investment income in the quarter ended June 30 […]

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Under Armour Names Patrik Frisk as Chief Operating Officer

Under Armour Names Patrik Frisk as Chief Operating Officer

Under Armour (UA) has named Patrik Frisk as Chief Operating Officer, effective July 10. Frisk has nearly 30 years’ experience in the apparel, footwear and retail industry. Most recently, he was CEO of The Aldo Group, a global footwear and accessories company, the company said in a press release Tuesday. In conjunction with Frisk’s appointment, the company also announced other strategic executive changes “to align its organizational structure to better […]

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German State Inflation Numbers Weaker than Anticipated

German State Inflation Numbers Weaker than Anticipated

German state inflation numbers are weaker than anticipated, with headline CPI rates in the six states that have released numbers already falling by 0.4/0.5 percentage points. This is more than we are looking for in the pan German number, although broadly in line with Bloomberg consensus for a decline in the HICP rate to 1.5% from 2.0% in April, Action Economics said. That headline rates would fall back again after […]

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Energy Stocks Jumping Out to Big Gains in Market Surge

Energy Stocks Jumping Out to Big Gains in Market Surge

Energy stocks were sharply higher, with the NYSE Energy Sector Index climbing over 1.9% while shares of energy companies in the S&P 500 were up nearly 2.2% as a group. Crude oil for April delivery was down 10 cents at $53.91 per barrel while April natural gas futures were a penny higher at $2.79 per 1 million BTU. In company news, Kinder Morgan (KMI) was trending higher in mid-day trading […]

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European Equity Benchmarks Surge Higher

European Equity Benchmarks Surge Higher

The broad-based major European indices closed sharply higher in Wednesday’s trading session, as banks, automotive stocks, and construction materials suppliers helped the markets surge as high as 2%. In economic news, the inflation rate in Germany, as measured by the consumer price index, is expected to be 2.2% in February, according to the Federal Statistical Office (Destatis) 2017. It was the highest rate of inflation since August 2012. Destatis also […]

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Oil Prices Pare Early Gains Following Eighth Consecutive Week of Rising US Stockpiles

Oil Prices Pare Early Gains Following Eighth Consecutive Week of Rising US Stockpiles

Oil prices were paring early gains on Wednesday after government data showed that US inventories of oil expanded last week, marking the eighth consecutive week in which stockpiles have increased. West Texas Intermediate (WTI) crude oil, the main US benchmark, was trading 0.01% lower at $53.98 per barrel recently while Brent crude, the international gauge, was 0.02% higher at $56.52 per barrel. Earlier in the day WTI and Brent had […]

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