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Bond Prices Lower

Bond Prices Lower

July 24, 2017 at 12:37 pm 0 comments

U.S. Treasury prices stalled out Monday following a mix of data with June home sales missing while manufacturing jumped in July while services were flat. The long end has led lower with the 10-year working the high end of the month’s range caught between 2.24% and 2.25% with the curve trade little-changed but leaning flatter. The event risk littering theRead More

Floor & Decor Holdings Prices Secondary Offering

Floor & Decor Holdings Prices Secondary Offering

July 20, 2017 at 11:48 am 0 comments

Floor & Decor Holdings said pre-market Thursday that the underwritten secondary offering of 10.7 million shares from some stockholders has been priced at $40 each, a 2.3% discount relative to the stock’s Wednesday closing price. The company is not selling any shares in this offering and will not receive any proceeds from the sale. The sellers include linked to AresRead More

MRC Global Renews Integrated Supply Agreement with NiSource

MRC Global Renews Integrated Supply Agreement with NiSource

July 17, 2017 at 12:43 pm 0 comments

MRC Global said Monday that it has signed a new contract with NiSource and several other agreements in Norway.The company said it will continue to provide integrated supply services and gas distribution products including pipe, valve and fitting products and services to NiSource (NI). NiSource has been a customer since 2004. Separately, the company said its Norwegian subsidiary will provideRead More

Intercontinental Exchange Upgraded by RBC

Intercontinental Exchange Upgraded by RBC

July 13, 2017 at 12:21 pm 0 comments

Intercontinental Exchange received an investment-rating upgrade Thursday from RBC Capital Markets, which said it was becoming more optimistic for the exchange operator’s Q1 derivatives momentum to be sustained. The firm also raised its price target on Intercontinental Exchange’s shares, lifting the target to $70 per share from $65. This moves the target above the stock’s Wednesday closing price of $65.87Read More

Pearson Agrees to Sell 22% Stake in Penguin Random House

Pearson Agrees to Sell 22% Stake in Penguin Random House

July 11, 2017 at 12:15 pm 0 comments

UK education and publishing firm Pearson said on Tuesday that it has agreed to sell a 22% stake in book publisher Penguin Random House to its German joint venture partner Bertelsmann in a transaction that will also recapitalize the business generating proceeds of about $1 billion for Pearson. The deal values Penguin Random House at $3.55 billion in enterprise value,Read More

Haverty Furniture Companies Reports Improved Total Sales for Q2

Haverty Furniture Companies Reports Improved Total Sales for Q2

July 7, 2017 at 11:10 am 0 comments

Haverty Furniture Companies reported Friday sales for the quarter ended June 30 increased year over year even as comparable store sales declined from the prior-year period. The retailer of residential furniture and accessories said Q2 sales were $196.8 million, up 1.1% from $194.8 million in the same quarter in 2016. Comparable store sales were down 0.2%. Havertys’ stores were closedRead More

Delta Air Lines Expands Boston Service

Delta Air Lines Expands Boston Service

July 6, 2017 at 12:09 pm 0 comments

Delta Air Lines said Thursday will operate twice-daily nonstop flights from Boston to Pittsburgh beginning on Oct. 1, and a seasonal service from Boston to New Orleans starting on Feb. 10, 2018 through April 1, 2018. The airline also plans to expand certain flights to West Palm Beach, Fort Myers and Ft. Lauderdale, Florida and to certain Caribbean destinations toRead More