Month: March 2021

Puerto Rico’s leader of its debt oversight agency on Monday told high-yield investors that Puerto Rico’s central government was on the way to be able to sell new bonds. Puerto Rico Fiscal Agency and Financial Advisory Authority Executive Director Omar Marrero made his pitch to participants at the JPMorgan 2021 Global High Yield and Leveraged
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The Chapter 11 bankruptcy filing Monday of a large-scale electric power cooperative underscores the fallout from February’s market collapse of the state’s deregulated electrical grid after a deep freeze gripped the state. Brazos Electric Power Cooperative’s Chapter 11 filing came as rating agencies warned of downgrades for the state’s public utilities and cities that provide
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Nicolas Sarkozy, the former French president, was found guilty of corruption and influence peddling by a Paris court on Monday and sentenced to three years in prison, two of them suspended. Sarkozy, who had maintained his innocence, is the second French president in a decade to be convicted after leaving office. The late Jacques Chirac
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A Spanish Court has issued an order compelling a division within the country’s police to investigate the possible existence of “computer fraud” on the Bittrex cryptocurrency platform. The order was issued following the filing of a complaint by a Tenerife based Bittrex user who claims to have lost 1.3 BTC (or $58,000) that was stored
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A sign outside of a facility occupied by TreeHouse Foods in Brantford, Ontario, Canada. Kristoffer Tripplaar | SIPA USA | AP Company: TreeHouse Foods Inc. (THS) TreeHouse Foods Inc. of Oak Brook, Illinois manufactures consumer packaged food and beverages, including a range of shelf-stable, refrigerated, fresh and frozen products. Its product categories include beverages, salad
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Take a look at some of the biggest movers in the premarket: Foot Locker (FL) – Foot Locker shares tanked 12.1% in premarket trading after quarterly revenue came in below Street forecasts and comparable-store sales unexpectedly declined. The athletic apparel and footwear retailer also reported quarterly profit of $1.55 per share, beating consensus by 20
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Northeast municipal issuers sold $129.99 billion of debt last year, a 14.7% increase from 2019 as states, cities and agencies scrambled amid the COVID-19 disruption. Taxable deals and refinancings helped fuel the spike. Nationally, par amount totaled $483.6 billion, up 13.4% from the previous year, according to data from Refinitiv. “Issuance was really driven by
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