Straight Path Communications Gets Sued by PTPMS Communications Over Amount Owed for Wireless Licenses

Straight Path Communications Gets Sued by PTPMS Communications Over Amount Owed for Wireless Licenses

Straight Path Communications (STRP) has been sued by PTPMS Communications seeking payment of 20% of the value of the 22 wireless licenses sold by PTPMS to the company. The case was filed in New Jersey Superior State Court and is based on the proposed transfer by Straight Path to Verizon (VZ) of Straight Path’s wireless licenses through its acquisition by Verizon for $3.1 billion. LICT Corporation, which owns a 49% […]

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Financial Shares Positive Ahead of Opening Bell

Financial Shares Positive Ahead of Opening Bell

Financial shares were higher, in line with the broader market, as investors await speeches from several Federal Reserve officials–Federal Reserve Governor Jerome Powell will give a speech at 9:10 a.m. ET.; San Francisco Fed President John Williams at 8:15 a.m. ET; Philadelphia Fed President Patrick Harker at 9:30 a.m. ET; and Kansas City Fed President Esther George at 4:30 p.m. ET. In sector news, Mastercard (MA) and PayPal (PYPL) said […]

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Boeing Agrees to Acquire Aurora Flight Sciences

Boeing Agrees to Acquire Aurora Flight Sciences

Boeing (BA) said pre-market Thursday it plans to acquire Aurora Flight Sciences, a maker of advanced aerospace platforms. Terms of the agreement weren’t disclosed. Aurora specializes in autonomous systems technologies to enable advanced robotic aircraft for future aerospace applications and vehicles. It has designed, produced and flown more than 30 unmanned air vehicles since the company was founded in 1989. During the last decade, Aurora has collaborated with Boeing on […]

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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 […]

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DSW Fiscal Q2 Results Beat Views

DSW Fiscal Q2 Results Beat Views

DSW shares were higher over 5% in recent pre-market trade after the footwear retailer reported Tuesday fiscal Q2 adjusted net income of $0.38 per share, up from $0.35 per share in the prior year period and higher than the $0.29 per share Street estimate provided by Capital IQ. Net sales for the quarter ended July 29 were $680.4 million, up from $658.9 million reported for the same period last year […]

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