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  • On Deck Capital reports 1Q loss Monday, 4 May 2015 | 5:15 PM ET

    NEW YORK _ On Deck Capital Inc. on Monday reported a loss of $5.3 million in its first quarter. For the current quarter ending in June, On Deck Capital said it expects revenue in the range of $58 million to $60 million. On Deck Capital shares have dropped 11 percent since the beginning of the year.

  • Steve Easterbrook, CEO of the Golden Arches since just March 1, said on Monday McDonald's Corp would restructure into four operating divisions, squeeze out about $300 million in annual cost savings and sell 3,500 restaurants to franchisees. "It was a presentation designed to get the heat off from Wall Street. It had nothing to do with customers, "said Larry Light,...

  • National General posts 1Q profit Monday, 4 May 2015 | 5:13 PM ET

    NEW YORK _ National General Holdings Corp. on Monday reported first-quarter net income of $42.8 million. National General shares have risen 5.5 percent since the beginning of the year. Keywords: National General Holdings, Earnings Report.

  • Starboard Value says it bought 4M shares of Brink's Monday, 4 May 2015 | 5:05 PM ET

    According to FactSet, that would make Starboard the second-largest owner of Brink's Co. shares. Starboard Value LP started buying shares of the Richmond, Virginia- based company March 10. Brink's Co. shares rose 32 cents to $30.61 on Monday.

  • Baltic Trading reports 1Q loss Monday, 4 May 2015 | 4:54 PM ET

    NEW YORK _ Baltic Trading Ltd. on Monday reported a loss of $42.4 million in its first quarter. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 19 cents per share. Three analysts surveyed by Zacks expected $8.9 million.

  • Rouse Properties reports 1Q results Monday, 4 May 2015 | 4:54 PM ET

    NEW YORK _ Rouse Properties Inc. on Monday reported a key measure of profitability in its first quarter. The average estimate of three analysts surveyed by Zacks Investment Research was for funds from operations of 40 cents per share. Rouse Properties expects full-year funds from operations in the range of $1.73 to $1.77 per share.

  • Vornado reports 1Q results Monday, 4 May 2015 | 4:48 PM ET

    NEW YORK _ Vornado Realty Trust on Monday reported a key measure of profitability in its first quarter. The average estimate of eight analysts surveyed by Zacks Investment Research was for funds from operations of $1.19 per share. Four analysts surveyed by Zacks expected $622.1 million.

  • Treasuries prices fell on Monday, with the long-end of the curve suffering the most of the sell-off and extending the prior week's declines amid low trading volumes because of holidays in Tokyo and London. Analysts said a combination of factors affected the 30- year Treasury, including negative yields in Europe and a drop in demand for new bonds, plus hints of...

  • Furmanite and Rite Aid are big market movers Monday, 4 May 2015 | 4:33 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq Stock Market:. Furmanite Corp., up $1.44 to $8.67. Cyan Inc., up 97 cents to $4.62.

  • NEW YORK, May 4- Billionaire hedge fund manager David Einhorn, who often moves a stock simply by speaking its name, on Monday kicked off the year's most prominent investment conference by laying out a case against oil frackers, arguing these companies drill "lots and lots of holes" and burn through plenty of cash. Einhorn, who often unveils so-called short-bets...

  • NEW YORK— Paul Gigot, the editorial page editor of The Wall Street Journal, has been elected chairman of the Pulitzer Prize Board. Columbia University made the announcement Monday. Allen is a scholar and author who is the incoming director of the Edmund J. Safra Center for Ethics at Harvard University.

  • NEW YORK— President Barack Obama is helping to launch a foundation that will assist minority young men by improving education, training and job placement. The effort comes a week after unrest erupted in Baltimore following the death of Freddie Gray while in police custody. The new organization, My Brother's Keeper Alliance, is an outgrowth of a year-old Obama...

  • May 4- Cisco Systems Inc Chief Executive John Chambers will step down in July after 20 years at the helm of the network equipment maker, a symbol of the dot.com stock boom 15 years ago now struggling to boost its bottom line in the era of cloud computing. Wall Street analysts said a change was expected and could signal a refocusing of Cisco, which acquired dozens of...

  • May 4- Wall Street rose on Monday afternoon as Berkshire Hathaway led finance stocks higher, while shares of McDonald's declined after the fast-food chain's turnaround plan failed to satiate investors. "We just seem to be hanging in an upper range, taking in a rash of earnings and trying to digest if the fundamentals are there to build a platform for us to leg-up...

  • NEW YORK— Mall operator Macerich said Monday it settled a proxy fight with two investment funds, and will nominate two new directors to its board while dropping a "poison pill" measure that helped it stave off an attempted takeover. Macerich Co. adopted a shareholder rights plan in March, after larger competitor Simon Property Group Inc. offered to buy the...

  • NEW YORK, May 4- Billionaire hedge fund manager David Einhorn kicked off the 20th annual Sohn Investment Conference in New York on Monday by laying out his case against oil frackers, arguing that these companies drill "lots and lots of holes" and burn through plenty of cash. Activist investor Barry Rosenstein discussed two investment ideas that were already well...

  • ALBANY, N.Y.— State officials are investigating an energy company after a spike in complaints from customers over higher-than-expected bills. The probe of Ambit was prompted by a spike in complaints in recent months to the state's utility regulation agency, Department of Public Service CEO Audrey Zibelman said Monday. Zibelman said Department of Public...

  • *Volcafe raises Brazil coffee crop forecast. NEW YORK, May 4- Raw sugar futures on ICE tumbled 3 percent on Monday, pressured by the weak currency in Brazil, the world's biggest sugar producer, while arabica coffee fell to a seven-week low after an influential trade house raised a key crop forecast. It makes the ethanol price fall so sugar's basically tracking it, "...

  • *McDonald's down after revealing turnaround plan. May 4- Wall Street was up on Monday afternoon, adding to gains from Friday, as investors bought beaten-down healthcare stocks and Berkshire Hathaway led finance stocks higher. Berkshire rose 1.8 percent to $145.98 and gave the biggest boost to the S&P after the insurance and investment conglomerate's results...

  • WASHINGTON, May 4- New orders for U.S. factory goods recorded their biggest increase in eight months in March, boosted by demand for transportation equipment, but the underlying trend remained weak against the backdrop of a strong dollar. The report on Monday from the Commerce Department was the latest indication that the rebound from the first quarter's...