GREENWICH, Conn. - Starwood Property Trust, Inc. (NYSE: NYSE:STWD), a real estate finance company, has upscaled its private offering to $600 million in unsecured senior notes at a 7.250% interest rate, maturing in 2029. The offering, initially set at $400 million, was priced at par and is expected to close on March 27, 2024, subject...
HOUSTON - Ted B. Miller, co-founder of Crown Castle Inc. (NYSE: NYSE:CCI) and his investment firm Boots Capital Management, LLC, has publicly addressed the Crown Castle Board of Directors, advocating for significant operational changes to enhance shareholder value. This move follows recent scrutiny by Elliott Investment Management L.P. and a court\'s recognition of \"colorable claims\"...
(Reuters) -Lennar Corp reported first-quarter profits above Wall Street estimates on Wednesday, as historically low existing home supply led to sustained demand for new unit construction. The company delivered 16,798 homes in the quarter ended Feb. 29, a 23% jump from a year earlier. \"Macroeconomic environment remained relatively consistent throughout the quarter,\" said Stuart Miller,...
(Reuters) -Electric vehicle startup Fisker (NYSE:FSR) has hired restructuring advisers to assist with a possible bankruptcy filing, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. The company has hired financial adviser FTI Consulting (NYSE:FCN) and the law firm Davis Polk to work on a potential bankruptcy filing, according to the...
Updated Financial Article In the dynamic landscape of customer relationship management (CRM) software, Salesforce.com, Inc. (NYSE:CRM) continues to be a formidable player, adapting to the evolving business needs with its comprehensive suite of services. Recent analyses underscore the company\'s strategic advancements, particularly in the realms of artificial intelligence (AI) and Data Cloud services, which are...
(Reuters) - AIA Group (OTC:AAGIY) reported a 33% jump in its annual value of new business (VONB) on Thursday as the company benefited from strong demand for its insurance products in Hong Kong. The Asia-focused insurer benefited from a surge in customers from mainland China who travelled to buy offshore products as they look to...
By Kirstin Ridley LONDON (Reuters) -Three Black bankers, who sued Barclays for a combined 52.8 million pounds ($66.7 million) in London over allegations that included race discrimination, harassment, victimisation and whistleblower detriment, have largely lost their case. In a near 460-page judgment published on Wednesday, the East London Employment Tribunal dismissed almost all claims brought...
-- U.S. stock futures rose slightly in evening deals on Wednesday following a mixed session on Wall Street, with focus turning squarely to more upcoming data on inflation and the U.S. consumer. While U.S. stock markets had largely shrugged off a hotter-than-expected consumer price index reading for February, they faced a new test later on...
SANTA FE, N.M. - Coinbase (NASDAQ:COIN) Global, Inc. (NASDAQ:COIN), a major player in the cryptocurrency exchange market, has increased its private offering to $1.1 billion in Convertible Senior Notes due 2030, a bump from the initially announced $1.0 billion. The company also provided the initial purchasers with a 30-day option to acquire an additional $165...
In the rapidly evolving online grocery sector, Instacart (NASDAQ:CART), operating under the ticker EXCHANGE:CART, has garnered significant attention from Wall Street analysts. These industry experts have been closely monitoring the company\'s performance, market trends, and potential impacts of external factors to provide a comprehensive outlook for potential investors. Company Overview Instacart has positioned itself as...