Madoff Victims to Get 1.18 Billion Distribution
A federal bankruptcy court approved a 1.18 billion distribution to Bernard Madoff victims, the sixth payout from the 20 billion fraud. Investors who put in up to 1,161,000 will be wholly repaid, while larger investors receive 61 cents on the dollar. Stephen Harbeck of SIPC had spoken in October. Housing Starts Fall 11 Percent in October
MENTIONED IN THIS ARTICLE
Madoff
Bernard Madoff
Stephen Harbeck
Securities Investor Protection Corp
Fiat 124 Spider debuts at Los Angeles Auto Show
The 2017 Fiat 124 Spider roadster unveiled in Los Angeles aims to bring style to Fiat dealerships next summer. It shares the Mazda MX-5 Miata architecture but features unique exterior panels and engines with pricing and fuel economy details to come closer to sale.
MENTIONED IN THIS ARTICLE
FIAT
Los Angeles
USA Snapshot on Average CD Yields This Week
USA TODAY reports average five year CD yields for this week matching last week and the year at 0.85 percent. Source cited as Bankrate.com with author Jae Ya Ng.
MENTIONED IN THIS ARTICLE
Usatoday.com
Source Bankrate.com
Department stores struggle as online rivals surge
Department stores including Macy’s Kohl’s J C Penney and Nordstrom face weak fourth quarter revenue growth of about 1.2 percent as online giants like Amazon power ahead. The group trails discount apparel and electronics sectors. total department store revenue is seen up only 0.2 percent. An online shift hurts long established chains while Amazon dominates quarterly revenue. Macy’s shows pronounced pressure with revenue down 1.3 percent over the past year.
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Standard & Poor
J.C. Penney
Kohl’s
Macy’s
Nordstrom
USA Today
S&p Capital
Amazon.com
Amazon
Bridget Weishaar
Morningstar
S&p Capital IQ
Department stores face turmoil as holidays near
Q4 growth projections show weakness in J C Penney and Macy's with flat next year. Nordstrom fares better but still under pressure. Macy's outlines a transformation to tailor merchandise locally, boost online, and enhance in-store experience as CEO Lundgren cites a very tough quarter and confident leadership.
MENTIONED IN THIS ARTICLE
J.C. Penney
Macy’s
Terry Lundgren
Square IPO prices below hype in cautious market
Square launched its IPO at $9 a share, below the $11 to $13 range it had targeted, valuing the San Francisco company at about $2.9 billion with 323 million shares outstanding. The debut underscores a cautious tech market, with Dorsey juggling Square and Twitter, and rivals like PayPal and First Data looming large. High uncertainty remains about revenue growth and private valuations versus public market demand.
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San Francisco
Square
York Stock Exchange
Tech
Dealogic
Dorsey
Twitter
Andrew Chanin
Box
PayPal
First Data
Poynt
Vantive
Square Register
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Moneyline
Commerce Department
Lowe’s
DOW Jones Industrial
S&p
Marketwatch.com
USA
Jae YA
NG At
Dnica Bravo
Discount Stores
Internet and Catalog Retail
Nord
Robert Deutsch
Purefunds
appAnv
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