What to watch: Where do stocks go from here?
Vector this year upped its stake in the business to 70.6% and now consolidates Douglas Elliman’s results with its own. This consolidation led to a 45% boost of Vector’s reported revenue , but if you consolidate the stake for last year, revenue was only up 9%. The second way Vector Group pays out more in cash than free cash flow is by issuing convertible debt, which, when converted, dilutes existing shareholders. Foolish takeaway Remember, these seemingly irresistible yields could be ticking time bombs , so do your own due diligence .
Asia stocks rise on brightening U.S. economic prospects – Yahoo News
View photo Employees of the Tokyo Stock Exchange (TSE) look at a monitor at the bourse at the TSE in Tokyo March By Lisa and Twaronite NEW YORK (Reuters) – Asian stocks basked in the glow of a record close on Wall Street after bright U.S. jobs data pointed to improving economic momentum, while the dollar gained on Monday on stocks right now rising U.S. Treasury yields. U.S. jobs data on Friday showed that nonfarm payrolls increased by 217,000 last month, bringing employment back to its pre-recession level and validating the view that labor conditions are improving.
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HEARD ON THE STREET: Draghi Sparks Utility Stocks – WSJ
ET A guy called Mario helping the Italians isn’t the most startling proposition. But this one, Mr. Draghi who runs the European Central Bank, is also helping the Spanish, though; the Germans, not so much. This concerns utilities in particular.