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(Bloomberg) -- Delta Air Lines Inc. returned to the bond market within weeks of its last visit, looking to support its liquidity and repay outstanding debt.The carrier sold $1.25 billion of five-year unsecured bonds that will yield 7.375%, according to a person with knowledge of the matter. The notes, which were originally marketed with a yield around 8%, carry high-yield ratings, but the offering was run by investment-grade debt syndicates, the person said, asking not to be identified as the details are private.Delta borrowed $3.5 billion in April through a sale of five-year secured bonds, pledged by domestic slots at New York airports and those at Heathrow in London, but Wednesday’s offering comes with no collateral protection. It’s a sign of how much the market has rallied since then for Delta to merely announce an unsecured offering, especially when the stakes for strong collateral have never been so high.U.S. airlines have...
Transocean options are trading at three times the average intraday volume...
Before we spend countless hours researching a company, we like to analyze what insiders, hedge funds and billionaire investors think of the stock first. This is a necessary first step in our investment process because our research has shown that the elite investors' consensus returns have been exceptional. In the following paragraphs, we find out […]...
The central bank sees no rate hikes through 2022. Here's what that means for mortgages....
Two leaders strike a mutually beneficial deal which is equally beneficial to a third party. No, unfortunately, we’re not announcing the end of the US-China trade war and how the resolution affects various industries.Instead, we’re talking about two market leaders. Streaming platform heavyweight Roku (ROKU) has entered into an agreement with supermarket giant Kroger. Roku will use the grocery chain’s shopper data in its recently launched shopper data program. Apart from the benefits each company will reap, the move is good news for CPG (consumer packaged goods) marketers, too. So, how will each point in this triangle gain from the new partnership?Let’s start with Roku. As more consumers make the move to cord cutting services, one of the company's goals is to lure advertisers away from linear TV. Boosting its targeting abilities by using Kroger’s leading data science KPM (Kroger Precision Marketing) program, Roku will be able to move closer to...
Nuveen Head of Fixed Income Strategy Tony Rodriguez joins Yahoo Finance’s Heidi Chung to discuss the Fed’s decision to hold interest rates steady at near-zero....
Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story......
