Higher operating cash flows are leading to more excess cash, but companies are still reluctant to venture outside of low-yielding investments.
Comerica bank is forced to cut expenses in response to falling second-quarter profits and a troubled energy loan portfolio.
Still, Bank of America, the nation’s second largest bank, beat analysts' earnings-per-share estimate, as it reduced expenses and grew its loan book.
ValueAct failed to notify regulators that it purchased stock in Baker Hughes and Halliburton after the two companies proposed a merger, says the DOJ.
The $7 million fine is a record in an SEC case alleging blue sheet data omissions by a broker dealer.
Analysis predicts a S&P 500 falloff of up to 10% before rebounding.
The benchmark 10-year note hits a record low as investors seek a safe haven amid post-Brexit uncertainty over the global economy.
The pledges come following concerns for the U.K. economy in the wake of the Brexit referendum.
Coming back from bankruptcy, Hostess Brands will become a publicly traded company by selling most of its shares for $725 million.
The Amex program, called Working Capital Terms, will offer loans from $1,000 to $750,000.