Brookfield Infrastructure Partners To Commence $1 Bln Equity Offering

Brookfield Infrastructure Partners To Commence $1 Bln Equity Offering

Brookfield Infrastructure Partners LP (BIP) said Monday that it has agreed to issue 16.6 million units on a bought deal basis, to a syndicate of underwriters co-led by RBC Capital Markets, TD Securities Inc., Citigroup, BofA Merrill Lynch and HSBC at a price of $42.10 per unit for gross proceeds of $700 million. Also, Brookfield Asset Management Inc. (BAM) and certain of its related entities will purchase 7.4 million redeemable […]

Read More ˃
U.S. Stock Futures Roiled By North Korean Missile Test Over Japan

U.S. Stock Futures Roiled By North Korean Missile Test Over Japan

Another provocative missile fired by North Korea roiled global financial markets overnight sending U.S. stock futures substantially lower ahead of Tuesday’s open. Losses are widespread throughout most sectors with the notable exception of defense stocks like Lockheed Martin (LMT), Northrup Grumman (NOC) and Dow component Boeing (BA). Risk aversion triggered a flight-to-safety last night that drove the yield on the 10-year Treasury note to its lowest level in 10 months, […]

Read More ˃
Hyatt Hotels to Open Fifth Hyatt-Branded Hotel in Turkey

Hyatt Hotels to Open Fifth Hyatt-Branded Hotel in Turkey

Hyatt Hotels said on Friday it signed a franchise agreement with a Turkish company for a Hyatt Centric hotel in Bodrum, Turkey, slated to open mid-2019. The agreement is between a Hyatt affiliate and Ozkent Girisim Gayrimenkul Yatırım ve Ticaret, the company said. Yalikavak Bodrum, the fifth Hyatt-branded hotel in Turkey, will be managed by Access Tourism and Hotel Investment Consultancy Ltd, Hyatt said. H rose 0.4% on Friday morning.

Read More ˃
Canadian Solar Posts Q2 Results Beat

Canadian Solar Posts Q2 Results Beat

Canadian Solar, a solar power company, reported Monday a Q2 non-GAAP net loss of $0.15 per share, compared to adjusted net loss of $0.10 per share in the prior year period. Capital IQ provided a Street estimate of $0.25 adjusted loss per share. Net revenues were $692.4 million, down from $805.9 million reported for the same period last year. The Street estimate was for revenues of $631.1 million. For Q3, […]

Read More ˃
Bruker Posts Q2 Beat

Bruker Posts Q2 Beat

Shares of Bruker Corp. were down over 2% after hitting a new high since Dec. 2000 on Friday after the company reported Q2 results which were better-than-expected and raised its full-year outlook. Adjusted EPS was $0.23 per share, up from $0.20 per share a year earlier and three cents above the consensus of analysts polled by Capital IQ. Revenues rose 11.6% year-over-year to $414.9 million and beat the $384.8 million […]

Read More ˃