Valeant Pharmaceuticals Is Dangerously Close to Violating its Debt Covenants

Valeant Pharmaceuticals Is Dangerously Close to Violating its Debt Covenants

Valeant shares surge on a “less bad” earnings report, but its debt situation is more dire than ever. Sean Williams. (TMFUltraLong).
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OPEC pumpfest continues; Saudis at record as U.S. shale cuts back

Saudi Arabia is pumping record amounts of oil, and Iran is resuming production faster than expected – a strong sign neither is likely to easily entertain the idea of an OPEC deal to control production.
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Hong Kong Stocks Rise as Shenzhen Link Optimism Lifts Brokerages

Hong Kong stocks climbed to an eight-month high as speculation the start date of an exchange trading link with Shenzhen will soon be announced boosted brokerages.
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Australia blocks Chinese firm from stake in electricity grid

Australia's government has preliminarily blocked Chinese and Hong Kong bidders from taking a controlling stake in the country's largest electricity network, citing worries over national security.
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US Job Openings Rose in June

Employers in the United States advertised more openings and hired more people in June, increasing evidence that the job market has rebounded from a brief soft patch in the spring.
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