Stocks fluctuated between gains and losses Monday as market participants weighed prospects that the virus-stricken economy would rebound quickly against fears over an extended rise in new cases over the weekend....
Mack Trucks and Volvo Trucks North America announced the availability of a new integrated, expandable open telematics platform for fleet managers and drivers. ...
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. Insider Monkey finished processing 821 13F filings submitted by hedge funds and prominent investors. These filings show these funds' portfolio positions as of March 31st, 2020. […]...
(Bloomberg) -- American Airlines Group Inc. is tapping all corners of the capital markets to raise at least $3.5 billion of cash in the latest test of investor willingness to finance travel companies still under strain from the coronavirus pandemic.The company is marketing a $1.5 billion secured junk bond maturing in 2025 with early pricing discussions for a yield of about 12%, according to people with knowledge of the matter. The company was sounding out some investors last week for a similar structure at a yield of 11%, Bloomberg News previously reported.As the most debt-laden of the largest U.S. airlines, American is having to pay up. The yield on the bond is more akin to that of riskier CCC debt currently trading around 11.65%, even though the offering is expected to have at least two ratings in the Double B ratings tier, the highest in the junk market.American is also marketing...
