Market News

Crown Castle Says Units Intend to Sell Subsidiary Notes

Crown Castle International (CCI) said Wednesday that certain of its indirect subsidiaries intend to offer, in a private transaction and subject to market and other conditions, up to $1,000 million of senior secured tower revenue notes, as additional debt securities under the existing Indenture dated as of June 1, 2005, […]

Permian Basin Wells to Shut Down in 4 Months as Oil Pipelines Reach Capacity

The Permian Basin, the biggest U.S. shale region that straddles west Texas and New Mexico, will need to shut down wells within four months due to the lack of pipelines to deliver oil to customers, Pioneer Natural Resources Company (PXD) Chairman Scott Sheffield said in an interview with Bloomberg on […]

Comcast Said to be Planning to Up its Offer to $41/Share After 21st Century Fox Accepts Disney’s Revised Bid

Twenty-First Century Fox (FOX, FOXA) shares jumped more than 7% intraday after Fox Business reported Comcast Corp. (CMCSA) is likely to raise its bid for 21st Century Fox’s (FOX, FOXA) assets to at least $41 per share.This comes as 21st Century Fox accepted Walt Disney’s (DIS) higher offer of $38 […]

Exxon Mobil Reportedly Still Not Complying With Climate Change Subpoenas

Exxon Mobil (XOM) is refusing to turn over documents crucial to New York’s investigation into whether its public statements about climate change misled investors, Bloomberg reported on Wednesday, citing Attorney General Barbara Underwood as saying in a filing in state court in Manhattan. Exxon hasn’t complied with subpoenas for cash-flow […]

AMC to Launch Stubs A-List Subscription Service to Complete with MoviePass

AMC Entertainment Holdings (AMC) said Wednesday that it will launch the Stubs A-List subscription service on June 26 to compete with the popular MoviePass. The Stubs A-List service, which will cost $19.95 per month, will allow subscribers to watch up to three movies per week in any and all formats […]