InfraREIT, the first-ever initial public offering of a REIT in the utility sector, may be trying to claim credit for taxes it doesn't pay.
Petrobras disputed a hedge fund's claim that it is in default and said it would negotiate with creditors if future financial statements are late.
Fannie Mae and Freddie Mac shares were rallying Wednesday after a judge ruled against the U.S. government in a widely followed lawsuit brought by Fairholme Capital Management.
Big banks including Bank of America, JPMorgan Chase and Wells Fargo are ceding mortgage market share allowing nonbank lenders such as Freedom Mortgage and Quicken Loans to move in.
Shares of Ocwen and four closely related companies were falling sharply as a hedge fund announced it was short Ocwen shares and a related company had defaulted on its debt.
The strong dollar and cheap gas hit American Express fourth-quarter earnings and weighed on expectations about the future, sending the stock down 4% on Thursday.
The regulatory crackdown on Ocwen, Nationstar and other mortgage servicers is making banks more reluctant to extend credit, raising questions about the future of the servicing industry.
Cooperman asked CEO Bill Shepro 'whether your testicles are bigger than your brains or your brains are bigger than your testicles.'
High-yield bonds are likely to return 5% in 2015, says Martin Fridson, CIO of Lehmann Livian Fridson Advisors.
Falling oil prices spurred a sharp decline in North Dakota drilling activity as the state's rig count hit its lowest level since October 2010.