Crashing oil prices and weak economic growth are the main drivers of the market mayhem. But she acknowledged that financial conditions have become less supportive of growth, "with declines in broad measures of equity prices, higher borrowing rates for riskier borrowers, and a further appreciation of the dollar ".
Calhoun said regardless of CSU's current struggles, they still plan to have summer school and continue to enroll students for the fall semester. As a result, layoff notices have been sent to all faculty, staff and administrators. "Our university will remain open, even if we have to remain so in a paired down and different configuration", Calhoun said. In another cost-cutting move this week, Chicago State announced it had canceled next month's spring break and would hold classes to help ...
Rubio is seeking to rally the party behind him to halt Trump's upstart candidacy, while Cruz maintains that he is the only true conservative in the race willing to stand up to Washington interests, including within his own party. Maybe it was the polls showing him losing his home state of Florida, and the knowledge that a home loss at the hands of Donald Trump would doom his campaign and his party.
JCPenney is rolling out a new campaign called "Get your Penney's Worth". "The company plans to sell some of its best basics for a penny, starting with items from its $1 billion Arizona brand", said retail writer Maria Halkias. "We know our customers live very busy lives and we want every trip and interaction at JCPenney to be worth her time, her hard earned money and her effort", said Mary Beth West, the chief customer and marketing officer for JCPenney.
Bank of Montreal Can boosted its stake in Energy Transfer Partners by 48.2% in the fourth quarter. The company now has a consensus rating of "Buy" and a consensus target price of $32.22. The collapse in oil prices has weighed on the market value of both Energy Transfer and Williams, fueling speculation on whether the takeover will be completed.
A day after Iranian oil minister ridiculed OPEC's decision to freeze oil output , Iran's ambassador to Oman announced his country commitment to upholding OPEC's decision.