Terminix Global: Q1 Earnings Insights benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
by Staff, wire reports April 28, 2021 .
DURHAM – Cree Inc. (CREE) on Wednesday reported a loss of $108.9 million in its fiscal third quarter but did better than had been forecast.
“We are building solid momentum and during our fiscal third quarter we continued to execute and drive our strategy, delivering strong top line performance as customers continue to realize the benefits of silicon carbide,” said Cree CEO, Gregg Lowe. “With the sale of our LED business now complete, we accomplished a critical milestone in our journey to becoming a pure-play semiconductor powerhouse and have an even greater focus on converting opportunities in our pipeline and expanding our manufacturing capacity.”
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The
Wall Street Journal reported that the wave of cash raised by
special-purpose acquisition companies (SPACs) is fueling activity
in the junk debt market at levels not seen since the dot.com-boom
from two decades ago. So far this year, SPACs have issued
roughly $100 billion of stock to purchase private companies and
take them public, with some of that money going toward companies
with below investment-grade credit ratings, significantly boosting
their gains on paper. [WSJ; April 23, 2021]
Bloomberg reported that bonds issued by Hertz
Global Holdings, Inc. have made a drastic turn-around since the
DGAP-News: Eat Beyond Global Holdings Inc erläutert Kooperation seiner Portfoliogesellschaft Nabati mit bekannter mexikanischer Fast Food Kette Mucho Burrito boersennews.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from boersennews.de Daily Mail and Mail on Sunday newspapers.