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BUSINESS
April 11, 2008 | From Times Wire Services
Big Wall Street investment companies are pulling back slightly on their borrowing from the Federal Reserve's emergency lending program. A central bank report Thursday said that they averaged $32.6 billion in daily borrowing over the last week. That compares with $38.1 billion in the previous week and $32.9 billion before that. "Conditions in this particular part of the financial markets are easing up somewhat," said T.J. Marta, a fixed-income strategist at RBC Capital Markets who viewed the pullback as a positive sign.
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BUSINESS
December 10, 2013 | By Tiffany Hsu, This post has been updated, as indicated below.
Chip Wilson, who founded upscale yoga apparel retailer Lululemon Athletica Inc., will resign as chairman next year, the company said while also announcing that it had found a replacement for its outgoing chief executive. Laurent Potdevin, president of Santa Monica shoe company Toms and a former CEO of Burton Snowboards, will take over from Lululemon Chief Executive Christine Day in January. Potdevin will also become a Lululemon board member. Day had stayed on with the company to help find her successor after announcing plans in June to step down.
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BUSINESS
August 14, 2013 | By Salvador Rodriguez
BlackBerry announced this week that it's considering selling itself, but the Canadian phone-maker may have a hard time finding a buyer. According to a report Tuesday, BlackBerry has already been secretly looking for a buyer for nearly a year. Bloomberg says JPMorgan Chase & Co. and RBC Capital Markets have been quietly shopping the tech company to possible bidders but the prospect of buying BlackBerry received little interest. The Bloomberg report cites two unnamed sources.  PHOTOS: How Chromecast, Apple TV and Roku compare This year was supposed to be a big one for BlackBerry, which released a new version of its operating system, BlackBerry 10, and a slew of new devices under the leadership of CEO Thorsten Heins.
BUSINESS
August 14, 2013 | By Salvador Rodriguez
BlackBerry announced this week that it's considering selling itself, but the Canadian phone-maker may have a hard time finding a buyer. According to a report Tuesday, BlackBerry has already been secretly looking for a buyer for nearly a year. Bloomberg says JPMorgan Chase & Co. and RBC Capital Markets have been quietly shopping the tech company to possible bidders but the prospect of buying BlackBerry received little interest. The Bloomberg report cites two unnamed sources.  PHOTOS: How Chromecast, Apple TV and Roku compare This year was supposed to be a big one for BlackBerry, which released a new version of its operating system, BlackBerry 10, and a slew of new devices under the leadership of CEO Thorsten Heins.
BUSINESS
April 4, 2013 | By Tiffany Hsu
Lululemon Athletica Inc., reeling from last month's recall of yoga pants that were too sheer, said its chief product officer will leave her post April 15. The move prompted RBC Capital Markets to downgrade the Vancouver company's stock Thursday to “sector perform” from “outperform.” The departure of the executive, Sheree Waterson, “brings a new level of uncertainty,” RBC analyst Howard Tubin wrote in a note to investors.  Waterson,...
BUSINESS
December 10, 2013 | By Tiffany Hsu, This post has been updated, as indicated below.
Chip Wilson, who founded upscale yoga apparel retailer Lululemon Athletica Inc., will resign as chairman next year, the company said while also announcing that it had found a replacement for its outgoing chief executive. Laurent Potdevin, president of Santa Monica shoe company Toms and a former CEO of Burton Snowboards, will take over from Lululemon Chief Executive Christine Day in January. Potdevin will also become a Lululemon board member. Day had stayed on with the company to help find her successor after announcing plans in June to step down.
BUSINESS
December 8, 2009 | By Ben Fritz
In a sign of how dramatically the independent film business has changed, the Film Department on Monday filed for a public stock offering worth up to $85 million to pay debt and expand into distribution and marketing. The small film financier, which was founded in 2007 by industry veterans Mark Gill and Neil Sacker, has released only one movie while racking up $34 million in losses and more than $40 million in debt, according to its initial public offering registration. The firm raised $200 million in 2007, when capital markets were flush, with a goal of producing four to six movies per year.
BUSINESS
February 4, 2002 | CHRISTINE FREY, TIMES STAFF WRITER
After aggressively cutting costs to achieve its first profit, Amazon.com Inc. is hoping to boost sales by offering free shipping indefinitely for big-ticket orders. The new promotion was overshadowed last month when the company posted a profit of $5million, or 1 cent a share. Though free shipping offers have cost online retailers millions of dollars in the past--and even forced some to close--most analysts agree that the move should increase business for the company. "If it's not working ... you better believe they'll drop it, but I think they've done enough analysis and seen enough historically to know that this is the right thing to do right now," said George Sutton, managing director of RBC Capital Markets.
NEWS
October 5, 2008 | Alan Zibel and Alex Veiga, Associated Press
The federal government's $700-billion bailout of the financial industry could help home builders and mortgage lenders, but it is unlikely to bring fast relief to anybody trying to buy or sell a house. The Treasury Department's future purchases of sour mortgages and other securities from banks are designed to inject cash into the credit markets and restore confidence among shaken investors and consumers. But that may have only a slow and gradual effect on home prices, record foreclosures and the 10-plus-month supply of unsold homes.
BUSINESS
November 6, 2012 | By Walter Hamilton, Chad Terhune and E. Scott Reckard, Los Angeles Times
If nothing else, the end of the grueling presidential campaign will bring a long-awaited dose of certainty to the stock market. Given the divergent economic and fiscal policies of President Obama and Republican challenger Mitt Romney, investors have strained for months to divine who will win and how they should position their portfolios. Regardless of which candidate prevails, some analysts say, the stock market might rally Wednesday as investors celebrate the end of the race.
BUSINESS
April 4, 2013 | By Tiffany Hsu
Lululemon Athletica Inc., reeling from last month's recall of yoga pants that were too sheer, said its chief product officer will leave her post April 15. The move prompted RBC Capital Markets to downgrade the Vancouver company's stock Thursday to “sector perform” from “outperform.” The departure of the executive, Sheree Waterson, “brings a new level of uncertainty,” RBC analyst Howard Tubin wrote in a note to investors.  Waterson,...
BUSINESS
November 6, 2012 | By Walter Hamilton, Chad Terhune and E. Scott Reckard, Los Angeles Times
If nothing else, the end of the grueling presidential campaign will bring a long-awaited dose of certainty to the stock market. Given the divergent economic and fiscal policies of President Obama and Republican challenger Mitt Romney, investors have strained for months to divine who will win and how they should position their portfolios. Regardless of which candidate prevails, some analysts say, the stock market might rally Wednesday as investors celebrate the end of the race.
SPORTS
November 23, 2011 | By Bill Shaikin
Steve Garvey and Orel Hershiser have attracted more than enough financial backing to bid competitively on the Dodgers, the banker representing the former Dodgers stars said Wednesday. "It's a matter of picking the partners we want," said Darren Lowe of RBC Capital Markets, the investment banking arm of the Royal Bank of Canada. For the first time, one of those partners has identified himself. Joey Herrick, president of Pacoima-based Natural Balance Pet Foods, said Wednesday that he has agreed to become a minority investor in the Garvey-Hershiser venture.
BUSINESS
April 28, 2010 | Tom Petruno
Global financial markets tumbled Tuesday as investor sentiment caved to the worsening government-debt crisis in Europe. The Capitol Hill grilling of Goldman Sachs Group Inc. executives on their role in the housing-market meltdown also undercut Wall Street, traders said. Financial shares led the market lower, although Goldman's stock rebounded. U.S. stocks, which Friday had hit 19-month highs, suffered their biggest sell-off since early February. The Dow Jones industrial average slumped 213.04 points, or 1.9%, to 10,991.
BUSINESS
December 8, 2009 | By Ben Fritz
In a sign of how dramatically the independent film business has changed, the Film Department on Monday filed for a public stock offering worth up to $85 million to pay debt and expand into distribution and marketing. The small film financier, which was founded in 2007 by industry veterans Mark Gill and Neil Sacker, has released only one movie while racking up $34 million in losses and more than $40 million in debt, according to its initial public offering registration. The firm raised $200 million in 2007, when capital markets were flush, with a goal of producing four to six movies per year.
BUSINESS
August 15, 2009 | Andrea Chang
Abercrombie & Fitch Co. raised eyebrows last Christmas when the teen retailer insisted it would ride out the recession without resorting to widespread price-slashing. Then came months of massive double-digit sales declines and dwindling store traffic as shoppers defected to competitors that sold similar clothes at more affordable prices. Industry experts wondered whether the company was risking its business in its attempt to uphold its brand image. At the same time, Abercrombie was criticized for missing several fashion trends, for instance, waiting too long to offer casual dresses and relying too heavily on its graphic T-shirts.
BUSINESS
April 28, 2010 | Tom Petruno
Global financial markets tumbled Tuesday as investor sentiment caved to the worsening government-debt crisis in Europe. The Capitol Hill grilling of Goldman Sachs Group Inc. executives on their role in the housing-market meltdown also undercut Wall Street, traders said. Financial shares led the market lower, although Goldman's stock rebounded. U.S. stocks, which Friday had hit 19-month highs, suffered their biggest sell-off since early February. The Dow Jones industrial average slumped 213.04 points, or 1.9%, to 10,991.
BUSINESS
August 15, 2009 | Andrea Chang
Abercrombie & Fitch Co. raised eyebrows last Christmas when the teen retailer insisted it would ride out the recession without resorting to widespread price-slashing. Then came months of massive double-digit sales declines and dwindling store traffic as shoppers defected to competitors that sold similar clothes at more affordable prices. Industry experts wondered whether the company was risking its business in its attempt to uphold its brand image. At the same time, Abercrombie was criticized for missing several fashion trends, for instance, waiting too long to offer casual dresses and relying too heavily on its graphic T-shirts.
NEWS
October 5, 2008 | Alan Zibel and Alex Veiga, Associated Press
The federal government's $700-billion bailout of the financial industry could help home builders and mortgage lenders, but it is unlikely to bring fast relief to anybody trying to buy or sell a house. The Treasury Department's future purchases of sour mortgages and other securities from banks are designed to inject cash into the credit markets and restore confidence among shaken investors and consumers. But that may have only a slow and gradual effect on home prices, record foreclosures and the 10-plus-month supply of unsold homes.
BUSINESS
April 11, 2008 | From Times Wire Services
Big Wall Street investment companies are pulling back slightly on their borrowing from the Federal Reserve's emergency lending program. A central bank report Thursday said that they averaged $32.6 billion in daily borrowing over the last week. That compares with $38.1 billion in the previous week and $32.9 billion before that. "Conditions in this particular part of the financial markets are easing up somewhat," said T.J. Marta, a fixed-income strategist at RBC Capital Markets who viewed the pullback as a positive sign.
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