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  • Nautilus sells debt; shares gain 8%

    Posted: 48 minutes ago

    SAN FRANCISCO (MarketWatch) -- Nautilus Inc. shares rose 8% to $8.41 early Tuesday after the struggling maker of Bowflex and StairMaster fitness equipment raised $5 million from a debt sale to its largest shareholder, Sherborne Investors GP, LLC. Nautilus said it will use the funds for working capital. Sherborne is controlled by Nautilus Chairman and Chief Executive Edward Bramson and board member Craig McKibben.

    Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


  • Belgian default insurance costs rise as talks fail

    Posted: 50 minutes ago

    LONDON (MarketWatch) -- The cost of insuring Belgian government debt against default continued to rise Tuesday after three months of talks to form a coalition government failed last week. The spread on five-year Belgian sovereign credit default swaps widened by around 7 basis points to 137 basis points Tuesday, according to data provider Markit. That means it would now cost $137,000 a year to insure $10 million of Belgian debt against default for five years, up from $130,000 on Monday. The government defeated in the country's June 13 elections remains in place as a caretaker. Belgian King Albert II on Saturday acknowledged that a proposed government put together by Socialist leader Elio Di Rupo didn't have enough support. The elections saw the Flemish nationalist N-VA party, which advocates splitting the Dutch- and French-speaking parts of the country, win the most seats in parliament.

    Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


  • Retail stocks drop; Casey's jumps on new offer

    Posted: 56 minutes ago

    NEW YORK (MarketWatch) -- Retail stocks fell for the first time in the past four trading sessions, tracking the broader markets lower, amid concerns about the health of European banks. The S&P Retail Index fell 0.4% to 424.06. Talbots Inc. shares fell 1.5%. Phillips-Van Heusen Corp. inched lower 0.6%. Men's Wearhouse dropped 1.5%. Lululemon Athletica Inc. was little changed. These apparel companies and retailers report their quarterly results this week. Casey's General Stores Inc. shares rose 7.9% to $41.96 after the company's board recommended against Alimentation Couche-Tard Inc.'s revised tender offer to acquire Casey's for $38.50 a share. It also said it's gotten a preliminary proposal from a "strategic third party" regarding a consensual transaction at $40 a share. While the company said that it's worth more than that, it said it's authorized discussions with the third party to see if an agreement can be reached.

    Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


  • Financials lead market lower
  • Oracle leads tech action after hiring Hurd
  • Airline stocks decline with Ryanair Holdings
  • Enterprise GP Holdings LP rallies on buyout deal
  • U.S. stocks start off, rattled by Europe concerns