June 15, 2020
“Hertz Global Holdings Inc <HTZ.N> will sell up to $500 million in new shares, the car rental firm said on Monday, as it takes advantage of a strong rally in its stock since it filed for bankruptcy last month. Hertz… Continue Reading…
May 22, 2020
“Alibaba (BABA) reported quarterly results before the market open Friday that beat estimates as total gross merchandise volume for the year hit a record $1 trillion. Alibaba stock fell. The China e-commerce giant reported adjusted earnings of $1.30 per share, up… Continue Reading…
May 13, 2020
“New York: The worst recession since the Great Depression is prompting indebted companies to default, and increasingly more will do so in a way that’s harder for investors to detect. Rating firms predict that more companies will pursue distressed debt… Continue Reading…
May 6, 2020
“The iPhone maker on Monday borrowed $8.5 billion with a four-part bond deal, adding its name to the roster of U.S. investment-grade companies borrowing a record amount of debt in the corporate bond market during the pandemic… The Apple bonds… Continue Reading…
April 24, 2020
“Shares of Chesapeake Energy tore higher again on Friday, adding to gains of more than 90% in the past three days, after the oil and hydrocarbon driller announced it adopted a poison pill to thwart any takeover attempts spurred by… Continue Reading…
April 22, 2020
“Gym chain 24 Hour Fitness is working with advisors at investment bank Lazard and law firm Weil, Gotshal & Manges to weigh options including a bankruptcy that could come as soon as the next few months, people familiar with the… Continue Reading…
April 15, 2020
“The company now has access to more than $13 billion in credit, should it be needed… In a filing Monday with the SEC, Disney said that it had signed a new 364-day revolving credit agreement with Citibank that would provide… Continue Reading…
April 13, 2020
“Ford Motor shares dropped about 5% after the automaker warned that the coronavirus has significantly impacted its first-quarter performance, including a 15.7% drop in revenue…” https://www.cnbc.com/2020/04/13/ford-shares-fall-on-first-quarter-revenue-warning.html
April 3, 2020
“Fannie Mae and Freddie Mac, the government-controlled companies that guarantee nearly half of US mortgages, could require their second bailout in just over a decade if the US economy remains in a lockdown for several months, their regulator has warned.… Continue Reading…
March 4, 2020
“U.S. companies kept adding jobs in February despite the coronavirus scare, as private payrolls expanded well above the pace that Wall Street had anticipated. Employment excluding government jobs rose by 183,000 for the month, according to a report Wednesday from… Continue Reading…
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