Category: Trucking News

RLJ Lodging: 3Q Earnings Snapshot

BETHESDA, Md. (AP) _ RLJ Lodging Trust (RLJ) on Thursday reported a key measure of profitability in its third quarter. The results topped Wall Street expectations. The real estate investment trust, based in Bethesda, Maryland, said it had funds from operations of $79.2 million, or 46 cents per share, in the period....

RPT-Australia's CBA selling first bond not referencing LIBOR-equivalent rate

Australia's Commonwealth Bank is planning to sell A$1 billion ($687.20 million) worth of residential mortgage bonds in the country's first public deal that will not use the local LIBOR-equivalent benchmark, the bank bill swap (BBSW) rate. Bond coupons, or interest rates around world financial markets are priced relative to surveyed inter-bank lending rates such as the London Interbank Offered Rate (Libor), a benchmark embedded in as much as $340 trillion financial contracts worldwide. The Australian corporate regulator in 2014 implemented changes to the BBSW methodology that require it to be based on actual transactions and not a survey....