MarketAxess Q4 Profit Tops Street Estimate

MarketAxess Q4 Profit Tops Street Estimate

MarketAxess Holdings, an electronic trading platform, reported Wednesday Q4 net profit of $0.88 per share, up from $0.65 per share in the prior year period and came in higher than the $0.84 per share Street estimate provided by Capital IQ. Total revenues were $94.4 million, up from $76.6 million reported for the same period last year and came in just higher than the $93.7 million Street estimate. For 2017, the […]

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Tallgrass Energy Partners Discloses 2.5% Sequential Increase in Quarterly Cash Dividend for Q4

Tallgrass Energy Partners Discloses 2.5% Sequential Increase in Quarterly Cash Dividend for Q4

Tallgrass Energy Partners, LP (TEP) said Tuesday its board set out a quarterly cash distribution of $0.815 per common unit for Q4, or $3.26 on an annualized basis. That’s up 2.5% sequentially and 27.3% from a year ago. The payout is TEP’s 14th consecutive increase since an IPO in May 2013. Shares climbed less than 1% intraday, trading near the top end of their 52-week price range of $25.82 – […]

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Remark Media, Alibaba Cloud Team Up

Remark Media, Alibaba Cloud Team Up

Remark Media, an owner of digital media properties, said Monday that it has partnered with Alibaba (BABA) Cloud to provide customers with a new business-to-business data solution. Under the deal, the company will power Alibaba Cloud’s Enterprise Data Services platform, which will include data on millions of businesses in China, providing risk insights; enterprise development analysis; investor, partner and customer targeting; and customized data packages, among others. MARK shares were […]

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PennyMac Unit to Hold Private Offering of Term Notes

PennyMac Unit to Hold Private Offering of Term Notes

PennyMac Financial Services said Friday its indirectly-controlled subsidiary PNMAC GMSR Issuer Trust intends to offer term notes collateralized by Ginnie Mae mortgage servicing rights and excess servicing spread. The collateral will be evidenced by participation certificates and will be sold to the Trust by one of the company’s subsidiaries, PennyMac Loan Services under a master repurchase agreement, PennyMac said on Friday. The offering will be made solely by means of […]

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Scorpio Tankers Secures Loan Commitment

Scorpio Tankers Secures Loan Commitment

Scorpio Tankers said it has secured commitments for a loan facility of up to $172 million from a group of financial institutions. The loan facility, which comprises multiple tranches, will be used to finance up to 60% of the market value of eight MR product tankers under construction at Hyundai Mipo Dockyard. The tankers are scheduled for delivery in 2017 and 2018. The maturity date of each tranche is between […]

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