Daily Dime

HSN To Launch Kim Kimble Hair Product Line

HSN To Launch Kim Kimble Hair Product Line

HSN shares were higher 2% on Tuesday after the company said that celebrity hair stylist Kim Kimble will launch her product line exclusively with HSN starting Dec 29. “I’m truly excited to be working with HSN on the launch of my new product line, which allows me to to share my expertise and knowledge of working on celebrity hair with[Read More…]

by December 27, 2016 0 comments Daily Dime
SPX FLOW Amends $1.35 Billion Senior Secured Credit Facilities

SPX FLOW Amends $1.35 Billion Senior Secured Credit Facilities

SPX FLOW said Friday it has completed an amendment to its $1.35 billion senior secured credit facilities, which provide covenant relief through Dec. 2018. The amendments also increase the net leverage covenant from 4 times to 4.75 times with step downs beginning in October next year. It also decreases the interest coverage ratio from 3.5 times to 3times with step[Read More…]

by December 16, 2016 0 comments Daily Dime
Asian ADRs Inch Lower as Chinese Retailers, Asian Tech Stocks Slip

Asian ADRs Inch Lower as Chinese Retailers, Asian Tech Stocks Slip

American depository receipts of Asian stocks were down 0.53% to 147.25 in U.S. trading on Monday, according to the BNY Mellon Asia ADR Index. Decliners in north Asia were led by Tarena International (TEDU), a provider of IT education services, down 4.7% followed by Japanese financial holding firm Nomura Holdings (NMR), which fell 3.9%. China Unicom (CHU), a provider of[Read More…]

by December 12, 2016 0 comments Daily Dime
Jack Daniel’s Maker Brown Forman Quarterly Earnings Meet Expectations

Jack Daniel’s Maker Brown Forman Quarterly Earnings Meet Expectations

Brown Forman, the maker of Jack Daniel’s Tennesee Whiskey, reported on Wednesday second-quarter earnings that matched expectations and revenue that missed while first-half sales decline. The company reported earnings of $0.50 a share, up a penny from a year earlier and matching analyst expectations compiled by Capital IQ. Revenue declined 3% year-over-year to $830 million, missing forecasts for $837.3 million.[Read More…]

by December 7, 2016 0 comments Daily Dime
Bonds Extend Losses as Stocks Hit Highs

Bonds Extend Losses as Stocks Hit Highs

U.S. Treasuries gave back Friday’s gains early Monday after rallying overnight on the expected “no” vote on the Italian constitutional referendum. Traders anticipate market activity will be dependent on equities as the “risk-on” trade dominates while expected supply adds drag. November service-sector reports were mixed but remained in expansion territory. The 30-year recently traded 3.111%, from an overnight low yield/high[Read More…]

by December 5, 2016 0 comments Daily Dime
Solitario Exploration & Royalty To Begin Economic Study of Bongara Zinc Mine

Solitario Exploration & Royalty To Begin Economic Study of Bongara Zinc Mine

Solitario Exploration & Royalty said Wednesday it will initiate a NI-43-101 preliminary economic study on its Bongara zinc project in northern Peru. This will be the first evaluation to estimate the potential economics of the Bongara project. Work to date has demonstrated that Bongara has a high-grade zinc deposit with an average resource grade in excess of 12% zinc equivalent,[Read More…]

by November 30, 2016 0 comments Daily Dime
USD/JPY Weakens in Sympathy with Stocks

USD/JPY Weakens in Sympathy with Stocks

Monday’s modest losses on Wall Street which coincided with lower Treasury yields derailed the dollar against the yen, preventing USD/JPY from challenging 113.00 and closing lower for a second straight day. The dollar traded as low as 111.50 overnight as month-end yen repatriation surfaced. As soon as the dollar breached 111.50, dip-buying reappeared and ran the dollar as high as[Read More…]

by November 28, 2016 0 comments Daily Dime