UPDATE 3-Puerto Rico makes only partial bond payment; broader defaults possible NEW YORK, Aug 3- Puerto Rico has defaulted on its debt by paying only a fraction of what was due on bonds due Aug. 1, showing the depth of the island's economic and cashflow problems and potentially opening the door to broader defaults and litigation from bondholders. The U.S. commonwealth paid only $628,000 of a $58 million payment due on its Public Finance Corp...
| By: Megan Davies and Jessica DiNapoli
Cramer: Cheap oil great for bulls Mad Money host Jim Cramer reminds investors there are always two sides to every coin. Why China, oil and Greece are all good for the bulls.
UPDATE 1-Chegg cuts revenue forecast due to shift to etextbook model Aug 3- Chegg Inc, which rents out textbooks and provides other student services, cut its full-year revenue forecast as it focuses on completely shifting its business to offering only etextbooks and other digital services by the end of next year. Chegg's shares fell 6 percent in extended trading on Monday after the company also posted a wider second-quarter...
Dominican truckers block border crossings into Haiti SANTO DOMINGO, Dominican Republic- The main truckers union in the Dominican Republic on Monday blocked transport of all freight through border crossings into neighboring Haiti, citing concerns about their safety. The Dominican truckers said they were protesting recent violence against them while in Haiti. Union leader Blas Peralta said the blockade will...
Source: The Associated Press
Best bets as oil sells off Discussing defensive plays in the energy market, with Stewart Glickman, S&P Equity Research oil analyst & senior associate.
UPDATE 2-Iraqi Kurdistan says to share oil sales revenue with producers BAGHDAD, Aug 3- Iraq's Kurdistan Regional Government said on Monday it would pay a portion of its revenue from direct crude oil sales to producers, in an apparent attempt to reassure foreign oil companies operating in the northern region. The move sets up semi-autonomous Kurdistan to continue independent oil sales, which it has increased since mid-June while...
| By: Stephen Kalin
Analyst view: Amazon vs. Netflix Netflix and Amazon became the best performers of the Nasdaq 11 for July. Bob Peck, SunTrust Robinson Humphrey analyst, discusses his view on the stocks.