Economy

Meta Financial Expects Up to $3.2 Million in Pre-Tax Charges Against Q2 Results After Student-Loan Insurer Faces Insolvency

Meta Financial Expects Up to $3.2 Million in Pre-Tax Charges Against Q2 Results After Student-Loan Insurer Faces Insolvency

Meta Financial Group (CASH) late Wednesday said it expects to record up to $3.2 million in pre-tax charges against its Q2 financial results after the company insuring $189.1 million of floating-rate student loans purchased by Meta was in the process of being declared insolvent by state regulators in South Dakota. […]

Fitch Downgrades Starbucks Rating to BBB+, Outlook Stable

Fitch Downgrades Starbucks Rating to BBB+, Outlook Stable

Fitch Ratings on Wednesday has downgraded the Long-Term Issuer Default Rating (IDR) of Starbucks Corporation (SBUX) to BBB+ from A-, and has affirmed the Short-Term IDR at F2, with stable outlook. The downgrade reflects its aggressive change in financial policy, the third material revision within the past year, with an […]

Micron Technology Expects Fiscal Q4 EPS Above Street

Micron Technology Expects Fiscal Q4 EPS Above Street

Micron Technology (MU) rose nearly 2% in Wednesday’s after hours session after the company provided guidance for fiscal Q4, with EPS expected above Street view and revenue in line with forecasts. The company expects fiscal Q4 earnings per share of $3.23 – $3.37 on revenue of $8 billion – $8.4 […]

EQT Midstream Partners Prices Senior Notes

EQT Midstream Partners Prices Senior Notes

EQT Midstream Partners (EQM) said after markets closed on Wednesday that it has priced an offering of $1.1 billion of its 4.75% senior notes due 2023, $850 million of its 5.5% senior notes due 2028, and $550 million of its 6.5% senior notes due 2048, at prices to the public […]

Enstar Group Prices Preference Shares

Enstar Group Prices Preference Shares

Enstar Group (ESGR) said Wednesday that it has priced its public offering of 16 million depositary shares, each representing a 1/1,000th interest in its 7.00% Fixed-to-Floating Rate Perpetual Non-Cumulative Preference Shares, Series D, $1.00 par value and $25,000 liquidation preference per share, for an aggregate public offering price of $400 […]