Markets remained flat Monday as traders await earnings from major retailers. News Corp missed top-line and bottom-line earnings, dropping the stock about 6% in after-hours trading. Transocean announced they would raise their dividend to $3 per share, while Macy’s announced comp sales were down .8%. And finally Twitter shares rose to $43 on Monday after Friday’s profit taking.
With earnings reports and economic data, one way to measure the economy’s recovery is with business development companies. Grier Eliasek, President of Prospect Capital, talks BDCs with TheStreet’s Gregg Greenberg in New York.
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