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xinyan
xinyan
·
2021-03-23
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xinyan
xinyan
·
2021-03-23
noted
Oracle Sells $15 Billion of Debt, Drawing Two Credit Rating Cuts
(Bloomberg) -- Oracle Corp. sold $15 billion of bonds Monday in the second-largest offering this yea
Oracle Sells $15 Billion of Debt, Drawing Two Credit Rating Cuts
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xinyan
xinyan
·
2021-03-12
uh oh
Ant Group CEO Simon Hu Said to Resign, Jing to Take Position
Ant Chairman Jing will take over as CEO with immediate effect Hu took over as CEO in 2019 and resign
Ant Group CEO Simon Hu Said to Resign, Jing to Take Position
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xinyan
xinyan
·
2021-03-04
$Tonix Pharmaceuticals(TNXP)$
shaggg
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Fitch cut the grade one notch to BBB+, three steps above speculative. Moody’s downgraded two levels to Baa2, one notch lower than Fitch’s rating.</p>\n<p>The company’s bonds were among the worst performers in the high-grade market Monday. The most actively traded, the 3.6% bonds due 2050, widened 31 basis points to about 144 basis points over Treasuries, according to Trace. The new bonds due 2051 priced at a spread of 155 basis points, according to a person with knowledge of the matter.</p>\n<p>The downgrades “may raise new-issue concessions high enough to attract considerable demand,” Bloomberg Intelligence analysts Robert Schiffman and Suborna Panja said in a report before the deal launched. Oracle’s shares were little changed.</p>\n<p>Second Biggest</p>\n<p>At $15 billion, Oracle’s bond sale is the second-largest this year behind Verizon Communications Inc., which borrowed $25 billion earlier this month to help finance spectrum purchases. Apple Inc. issued $14 billion of bonds last month as it looks to return more cash to shareholders.</p>\n<p>Oracle is targeting all of its $1.5 billion of notes due 2021, the $4.25 billion of 1.9% bonds due 2021 and another $2.5 billion due 2022, according to a filing. The proceeds may also be used for stock repurchases, dividends, repaying debt and future acquisitions, among other general corporate purposes.</p>\n<p>The software company sold bonds in six parts, and the longest, a 40-year security, will yield 170 basis points above Treasuries, said the person, who asked not to be identified as the details are private. Bank of America Corp., Citigroup Inc., Deutsche Bank AG, JPMorgan Chase & Co. and Wells Fargo & Co. managed the sale, according to the filing.</p>","source":"lsy1584348713084","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Oracle Sells $15 Billion of Debt, Drawing Two Credit Rating Cuts</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOracle Sells $15 Billion of Debt, Drawing Two Credit Rating Cuts\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-23 16:40 GMT+8 <a href=https://finance.yahoo.com/news/oracle-kicks-off-jumbo-bond-141629864.html><strong>yahoo</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Oracle Corp. sold $15 billion of bonds Monday in the second-largest offering this year, drawing downgrades from Fitch Ratings and Moody’s Investors Service.\nWhile the proceeds will ...</p>\n\n<a href=\"https://finance.yahoo.com/news/oracle-kicks-off-jumbo-bond-141629864.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/oracle-kicks-off-jumbo-bond-141629864.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1189325024","content_text":"(Bloomberg) -- Oracle Corp. sold $15 billion of bonds Monday in the second-largest offering this year, drawing downgrades from Fitch Ratings and Moody’s Investors Service.\nWhile the proceeds will repay debt through next year, it’s a “deviation” from Fitch’s expectation that Oracle will reduce debt upon maturity, according to a statement Monday. Fitch cut the grade one notch to BBB+, three steps above speculative. Moody’s downgraded two levels to Baa2, one notch lower than Fitch’s rating.\nThe company’s bonds were among the worst performers in the high-grade market Monday. The most actively traded, the 3.6% bonds due 2050, widened 31 basis points to about 144 basis points over Treasuries, according to Trace. The new bonds due 2051 priced at a spread of 155 basis points, according to a person with knowledge of the matter.\nThe downgrades “may raise new-issue concessions high enough to attract considerable demand,” Bloomberg Intelligence analysts Robert Schiffman and Suborna Panja said in a report before the deal launched. Oracle’s shares were little changed.\nSecond Biggest\nAt $15 billion, Oracle’s bond sale is the second-largest this year behind Verizon Communications Inc., which borrowed $25 billion earlier this month to help finance spectrum purchases. Apple Inc. issued $14 billion of bonds last month as it looks to return more cash to shareholders.\nOracle is targeting all of its $1.5 billion of notes due 2021, the $4.25 billion of 1.9% bonds due 2021 and another $2.5 billion due 2022, according to a filing. The proceeds may also be used for stock repurchases, dividends, repaying debt and future acquisitions, among other general corporate purposes.\nThe software company sold bonds in six parts, and the longest, a 40-year security, will yield 170 basis points above Treasuries, said the person, who asked not to be identified as the details are private. Bank of America Corp., Citigroup Inc., Deutsche Bank AG, JPMorgan Chase & Co. and Wells Fargo & Co. managed the sale, according to the filing.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":709,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":326083370,"gmtCreate":1615564437790,"gmtModify":1703491078209,"author":{"id":"3576058522198785","authorId":"3576058522198785","name":"xinyan","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576058522198785","authorIdStr":"3576058522198785"},"themes":[],"htmlText":"uh oh","listText":"uh oh","text":"uh oh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/326083370","repostId":"2118968478","repostType":4,"repost":{"id":"2118968478","kind":"highlight","pubTimestamp":1615555578,"share":"https://ttm.financial/m/news/2118968478?lang=&edition=full","pubTime":"2021-03-12 21:26","market":"hk","language":"en","title":"Ant Group CEO Simon Hu Said to Resign, Jing to Take Position","url":"https://stock-news.laohu8.com/highlight/detail?id=2118968478","media":"Bloomberg","summary":"Ant Chairman Jing will take over as CEO with immediate effect\nHu took over as CEO in 2019 and resign","content":"<ul>\n <li>Ant Chairman Jing will take over as CEO with immediate effect</li>\n <li>Hu took over as CEO in 2019 and resigned for personal reasons</li>\n</ul>\n<p>Ant Group Co. Chief Executive Officer Simon Hu resigned from the company, according to a person with knowledge of the matter, as the company overhauls its business.</p>\n<p>Hu resigned for personal reasons, said the person, who asked not to be identified because the information isn’t public. Eric Jing, already Ant’s chairman, will become CEO as well effective immediately, the person said. An Ant spokesperson confirmed Hu’s resignation.</p>\n<p>Hu, who joined Alibaba Group Holding Ltd. in 2005 after working at China’s second-largest lender China Construction Bank, had built a reputation for rolling out innovations such as using data analytics to offer collateral-free financing services to small businesses and helping Alibaba beat Amazon.com Inc. to build Asia’s largest cloud business.</p>\n<p>He moved from Alibaba to Ant in November 2018 as president, and took over as CEO in December 2019.</p>\n<p>Ant has been at the center of a regulatory crackdown as China takes aim at the push of technology firms into finance. Its $35 billion initial public offering was abruptly suspended in November. China’s central bank subsequently directed the Hangzhou-based firm to turn itself into a financial holding company, a move that would subject it to capital restrictions, the need for fresh licenses and ownership scrutiny. The overhaul could slash the financial juggernaut’s valuation by about 60% from the $280 billion it was pegged at last year, Bloomberg Intelligence analyst Francis Chan has estimated.</p>\n<p>The resignation comes days after Chinese Premier Li Keqiang pledged at the National People’s Congress to expand oversight of financial technology, stamp out monopolies, and prevent the “unregulated” expansion of capital. All three of the nation’s financial watchdogs have made it their primary goal this year to curb the “reckless” push of technology firms into finance.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ant Group CEO Simon Hu Said to Resign, Jing to Take Position</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAnt Group CEO Simon Hu Said to Resign, Jing to Take Position\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-12 21:26 GMT+8 <a href=http://bloomberg.com/news/articles/2021-03-12/ant-group-ceo-simon-hu-said-to-resign-jing-to-take-position><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Ant Chairman Jing will take over as CEO with immediate effect\nHu took over as CEO in 2019 and resigned for personal reasons\n\nAnt Group Co. Chief Executive Officer Simon Hu resigned from the company, ...</p>\n\n<a href=\"http://bloomberg.com/news/articles/2021-03-12/ant-group-ceo-simon-hu-said-to-resign-jing-to-take-position\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"http://bloomberg.com/news/articles/2021-03-12/ant-group-ceo-simon-hu-said-to-resign-jing-to-take-position","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2118968478","content_text":"Ant Chairman Jing will take over as CEO with immediate effect\nHu took over as CEO in 2019 and resigned for personal reasons\n\nAnt Group Co. Chief Executive Officer Simon Hu resigned from the company, according to a person with knowledge of the matter, as the company overhauls its business.\nHu resigned for personal reasons, said the person, who asked not to be identified because the information isn’t public. Eric Jing, already Ant’s chairman, will become CEO as well effective immediately, the person said. An Ant spokesperson confirmed Hu’s resignation.\nHu, who joined Alibaba Group Holding Ltd. in 2005 after working at China’s second-largest lender China Construction Bank, had built a reputation for rolling out innovations such as using data analytics to offer collateral-free financing services to small businesses and helping Alibaba beat Amazon.com Inc. to build Asia’s largest cloud business.\nHe moved from Alibaba to Ant in November 2018 as president, and took over as CEO in December 2019.\nAnt has been at the center of a regulatory crackdown as China takes aim at the push of technology firms into finance. Its $35 billion initial public offering was abruptly suspended in November. China’s central bank subsequently directed the Hangzhou-based firm to turn itself into a financial holding company, a move that would subject it to capital restrictions, the need for fresh licenses and ownership scrutiny. The overhaul could slash the financial juggernaut’s valuation by about 60% from the $280 billion it was pegged at last year, Bloomberg Intelligence analyst Francis Chan has estimated.\nThe resignation comes days after Chinese Premier Li Keqiang pledged at the National People’s Congress to expand oversight of financial technology, stamp out monopolies, and prevent the “unregulated” expansion of capital. All three of the nation’s financial watchdogs have made it their primary goal this year to curb the “reckless” push of technology firms into finance.","news_type":1,"symbols_score_info":{"688688":0.9,"06688":0.9,"09988":0.9,"BABA":0.9}},"isVote":1,"tweetType":1,"viewCount":352,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":364205261,"gmtCreate":1614851878453,"gmtModify":1703481966308,"author":{"id":"3576058522198785","authorId":"3576058522198785","name":"xinyan","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576058522198785","authorIdStr":"3576058522198785"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TNXP\">$Tonix Pharmaceuticals(TNXP)$</a>shaggg ","listText":"<a href=\"https://laohu8.com/S/TNXP\">$Tonix Pharmaceuticals(TNXP)$</a>shaggg ","text":"$Tonix Pharmaceuticals(TNXP)$shaggg","images":[{"img":"https://static.tigerbbs.com/612306a90925ffef861d0222ef89832f","width":"1242","height":"1767"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/364205261","isVote":1,"tweetType":1,"viewCount":758,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":false}