Nasdaq teetering near bear market as tech rout deepens
The Nasdaq composite slides toward a bear market after a sharp tech-led decline from 2015 peaks. Facebook, Amazon, Netflix, and Alphabet have fallen as investors reprice pricey tech names, while the S&P 500 drops lag behind. The index stands 17.9% below its July 20 2015 high, versus the S&P 500 down 13% from its May peak.
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Standard & Poor
SigFig analysis shows PMC-Sierra popular with women investors
SigFig data indicate women are 13 times more likely than men to own PMC-Sierra in USA tech stock allocations. Nationwide, over 500,000 investors with $200 billion in assets use SigFig to manage portfolios online, according to SigFig analysis.
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Pmc-Sierra
SigFig
Chesapeake Energy rejects bankruptcy, LinkedIn slips after weak outlook
Chesapeake Energy says no Chapter 11 filing despite Debtwire rumor and restructuring chatter. LinkedIn shares rebound after a sharp Friday selloff as its first-quarter outlook disappoints investors and analysts.
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Chesapeake Energy
USA
LinkedIn
Apollo Education to Go Private in Investor Group Buyout
Apollo Education Group, parent of University of Phoenix, will be taken private by a consortium including Vistria, Apollo Global Management, and Najafi Companies amid shrinking enrollment and revenue. The deal signals a strategic shift as the for profit higher education sector faces pressure from student signups and funding constraints.
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University of Phoenix
Vistria
Apollo Global Management
Najafi Cos
Why Cheap Oil Knocks Stocks Despite Lower Prices
Falling oil prices, down about 70 percent in a year, can hurt stocks. Energy makes up about 7 percent of the S&P 500 and energy profits are forecast to fall sharply, dragging earnings lower. Investors worry defaults by energy firms and loan quality at banks, plus signals about global demand.
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Standard & Poor
S&p Capital IQ
Verizon weighs bid for Yahoo assets with AOL chief at helm
Verizon and AOL unit chief Tim Armstrong lead preliminary talks on a potential Yahoo asset bid Bloomberg notes no talks have occurred and no bankers hired yet. Verizon stock slipped 0.45 percent while Yahoo fell 3.3 percent as reports circulated.
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Verizon
Yahoo
AOL
Tim Armstrong
Armstrong
Bloomberg
Lowell McAdam
CNBC
Jim Cramer
Mayer
Allen & Co
Sun Valley
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Maynard Webb
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