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Bill Gross sees further 10% drop in US stocks
Bill Gross, a bond manager, forecasts further fall of 10 percent in many asset classes, while advising investors that cash is the best bet until a clear picture about the next direction of the market emerges.
‘The Martian’ Hits Top Spot With $55 Million Weekend Debut; Hopes To Exceed October Highest-Grossing Debut In US History
Ridley Scott’s “The Martian” bumps off “Hotel Transylvania 2” from the number one spot by raking in $55 million for its weekend debut. Currently, Sandra Bullock’s “Gravity” holds the record breaking October record of $55.7 million but Matt Damon’s movie will hopefully break that as they get the final figures on Monday.
American Apparel filed for bankruptcy protection; restructures $300M debt
Los Angeles-based American Apparel filed for bankruptcy protection. The clothing company agreed to restructure its finances after negative controversies and slump of sales.
Shell assures investors: Dividends will be protected
Royal Dutch Shell Plc CEO Ben Van Beurden said that the company will try its best to make sure investors will still receive dividends amid the low oil price. The statement was released by Van Beurden in an email to investors.