Greetings, and welcome to the Rowan Companies First Quarter 2014 Earnings Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. As a reminder, this conference is being recorded.
Rowan Provides Fleet Contract Status Update
Rowan Declares Quarterly Cash Dividend
Widening investment-grade credit spreads and rising interest rates lead to losses.
Updates to Morningstar's Bonds to Avoid list include a handful of companies with significant downside risk for bondholders as well as removal of a name with an improved risk/reward profile.
Get our sector-by-sector take on the bond market, plus our five best bond ideas.
OPEC's decision to maintain production quotas has sent oil prices lower and created a number of good opportunities to buy quality businesses.
A terrible 2006 rank doesn't mean a manager has lost his touch.