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Deutsche Bank to buy back more than $5B in bonds

Deutsche Bank will buy back more than $5 billion in senior debt, it said in a statement on Friday. The lender said it would launch a tender for euro-denominated unsecured bonds worth 3 billion euros ($3.38 billion) and a tender for dollar-denominated bonds worth $2 billion. “The Bank’s strong liquidity position allows it to repurchase these securities without any corresponding ... Read More »

After-hours buzz: LULU, AGN, SWFT & more

Shares of Lululemon Athletica gained in extended trading after Lone Pine Capital disclosed a stake in the company, according to SEC filings. The hedge fund, run by industry insider Stephen Mandel, now beneficially owns 6,446,607 common stock of the retailer, known for its yoga apparel. Drugmaker Allergan saw shares slide after-hours. The company’s deal to link up with Pfizer was ... Read More »

Windows Server 2016 could cost you more than you think

A few years ago, Microsoft switched from per-processor to per-core licensing in SQL Server, and it’s about to do the same with Windows Server 2016. You may not be thrilled with the results. “Microsoft’s auditors likely will have a field day with these new requirements for Windows Server, in the same way that they have used the ever-more-complex licensing rules ... Read More »

Refiners are finally sharing more of those oil savings

If it feels like your wallet is finally getting a taste of that cheap oil that has been unsettling the market for weeks now, you’re right. WTI crude oil was down to a little under $30 a barrel earlier this week from the recent peak in the summer of 2014, or about $1.85 on a per-gallon basis. At the same ... Read More »

Early movers: GE, CVS, AAPL, STI, COL, SLB, SBUX, AXP & more

Spencer Platt | Getty Images Check out which companies are making headlines before the bell: General Electric — The company reported adjusted quarterly profit of 52 cents per share, 3 cents above estimates, but revenue came in short of forecasts due to a strong dollar and some shipments in power and renewables pushed into 2016 from 2015. CVS Health, Walgreens ... Read More »

Larry Fink: I’m more bullish on stocks, but not oil

BlackRock Chairman and CEO Larry Fink said Friday he’s more bullish on stocks than he was a week ago, but he believes crude hasn’t hit bottom despite the recent rally in depressed oil prices. “I think China has been acting a little more sensibly. They’ve been more rational. They’ve been more consistent. I think that’s really stabilized the [stock] market,” ... Read More »

Larry Fink: I’m more bullish on stocks, but not oil

BlackRock Chairman and CEO Larry Fink said Friday he’s more bullish on stocks than he was a week ago, but he believes crude hasn’t hit bottom despite the recent rally in depressed oil prices. “I think China has been acting a little more sensibly. They’ve been more rational. They’ve been more consistent. I think that’s really stabilized the [stock] market,” ... Read More »

Obama administration pushes for more computer science education

The U.S could direct billions of dollars towards teaching America’s youth computer science under a new plan announced by the White House Saturday morning. President Obama’s budget proposal for the fiscal year that starts Oct. 1 will include $4 billion to provide states with money to develop computer science programs, along with $100 million in grants available directly to school ... Read More »

After-hours buzz: BA, SBUX, AXP, VLO & more

The world’s largest planemaker, Boeing, said Thursday it would lower production of 747-8 aircraft and would recognize an 84 cents per share charge in its fourth-quarter earnings, after taxes. Shares dived in extended-hours trading. “Global air passenger traffic growth and airplane demand remain strong, but the air cargo market recovery that began in late 2013 has stalled in recent months ... Read More »

After-hours buzz: VIAB, FEYE, CHK & more

Getty Images Traders on the floor of the New York Stock Exchange. Check out the companies making headlines after the bell Wednesday: Viacom popped after the bell when it slashed pay for its executive chairman by 85 percent. The mass media company said it would cut the pay of famed leader Sumner Redstone to $2 million for the 2015 fiscal ... Read More »