The company believes it has sufficient liquidity, including about $180 million of cash on hand as of March 31, to continue operations.
A former analyst at a New York hedge fund traded on information about Apollo Global Management's buyout of ADT.
The banking giant was forced to add $200 million to loan-loss reserves as its oil and gas portfolio deteriorated.
U.K. Premier's stock price plunged on news it had rejected the offer, which represented a 106% premium to the pre-announcement price.
Fitch Ratings reduced Saudi Arabia’s long-term foreign and local currency ratings to "AA-," the fourth-highest investment grade.
VC firms raised $12 billion during the first quarter, suggesting investors are confident the IPO market will rebound.
Moody's cites "deteriorating credit conditions especially in commodity sectors such as oil & gas and metals & mining."
Strategic missteps, including creating too large a store footprint and having no cohesive e-commerce strategy, contributed to PacSun's financial woes.
The company is banking on the aging population giving rise to a surge in market of seniors selling no-longer-wanted life insurance policies.
BATS Global Markets is making a bold move by trying to list at a difficult time for new issues.