European Stocks Struggle for Direction as Oil Prices Edge Forward Ahead of Inventory Projections

European Stocks Struggle for Direction as Oil Prices Edge Forward Ahead of Inventory Projections

European equity benchmarks were struggling for direction on Wednesday morning as oil prices advanced ahead of a weekly US inventory forecast, investors digested the wording in a highly anticipated speech from the leader of Spain’s Catalonia region and manufacturers showed mixed fortunes. Oil prices were edging higher in recent trade ahead of the release of the American Petroleum Institute’s weekly US stockpile forecast. West Texas Intermediate crude oil futures, the […]

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A. Schulman Amends Credit Agreement

A. Schulman Amends Credit Agreement

A. Schulman (SHLM), an international supplier of plastic formulations, resins and services, said late Tuesday that it has amended the company’s credit agreement, providing it with additional flexibility in its total net leverage financial covenant, with step-downs reverting to existing levels beginning with the fiscal quarter ended Nov. 30, 2019. The total net leverage covenant for the fiscal quarters ended Nov. 30, 2017 and Feb. 28, 2018 was adjusted to […]

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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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