Phillips-Van Heusen hikes outlook, will raise cash
Clothing company Phillips-Van Heusen Corp. raised its fiscal first-quarter and full-year earnings forecast Tuesday and said it will sell stock and bonds to finance its proposed $3 billion acquisition of the Tommy Hilfiger brand.
Product Description Wall Street is a funny business. All you have is your reputation. Taint it and someone else will fill your shoes. Longevity comes from maintaining that reputation. Ask Jack Grubman, the All-Star telecom analyst from Salomon Smith Barney; uber-banker Frank Quattrone at CS First Boston; Morgan Stanley’s Mary “Queen of the Net” Meeker; or Merrill Lynch’s Henry Blodget.Well, they probably won’t tell you anything. But have I got some great stories for you. Successful he… More >>
(AFX UK Focus) 2010-04-19 20:52 UPDATE 3-Wal-Mart CEO pay down a year after stock award
CHICAGO, April 19 (Reuters) – Wal-Mart Stores Inc CEO Michael Duke received a compensation package worth a bit more than $19 million in the fiscal year ended in January, down from $28.2 million a year earlier when he received a big stock award related to his promotion to chief executive. Duke replaced Lee Scott, who retired as CEO as of Jan. 31, 2009. His salary was $1.2 million in the latest …
Credit Markets: Goldman bonds, stock options show fraud fears
Goldman Sachs Group Inc.’s bonds fell and the cost of buying credit protection against its default rise Monday, while stock options show expected volatility remains high.
Ask the expert: Stock market advice for young investors
Question: I’m a hard-working 23-year-old who wants to invest in stocks, but I have no clue where to start. So where do I begin? –Duane, Alachua, Florida
