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Ocean Rig UDW Inc Class A News

Stocks Close Lower to Start September as Trade Worries Persist

Stocks trimmed their losses at the close of trading Tuesday as worries over trade talks with Canada and pending tariffs on more Chinese goods weighed on investors.

These Are the Biggest Winners and Losers in Activist Investing This Year

TheStreet recounts the successes and failures of the biggest names in the activism game.

Comcast, Lululemon, EQT and Other New Activist Investments

Quarterly filings provide a window into new allocations made by insurgent fund managers Paul Singer, Glenn Welling, Barry Rosenstein and Keith Meister. Could M&A campaigns be next?

DryShips shares float higher again with new loan

A new $200 million loan package arranged by George Economou will pay off $35 million in old debt for the Athens dry bulk shipper.

Ocean rig (orig) stock tanks on bankruptcy warning

Ocean Rig (ORIG) stock was trading sharply lower this morning after noting that it will keep exploring reorganization strategies including bankruptcy.

Breaking News

Morgan Stanley Stock Leads Gains As Banks Boost Dividends After Fed Stress Tests

Morgan Stanley, Wells Fargo, Bank of America and Goldman Sachs will lift their quarterly dividend, while JPMorgan will hold its steady following last week's Fed stress tests.

Nike Stock Slides As As Margin Pressures, China Worries Offset Q4 Earnings Beat

"We think we're well positioned for growth in fiscal year 2023 ... having said that, we did take a cautious approach to Greater China," said CFO Matthew Friend.

Playtika Stock Slumps After Joffre Capital Takes 25.7% Stake Online Casino Gaming Group

Axios reported late Monday that tech buyout group Joffre Capital is seeking a majority stake in the online casino video game group.

Walgreens Stock Slides As Group Scraps Plan to Sell UK-based Boots

"As a result of market instability ... no third party has been able to make an offer that adequately reflects the high potential value of Boots," Walgreens said.