Performance Shipping Inc. has amended its $150 million 9.875% senior secured bonds to become senior unsecured obligations by releasing ship mortgages on two vessels. This change reflects the company's improved credit profile after expanding its fleet with four new vessels under long-term charters and selling two older ships, increasing fleet size and contract backlog. The company also raised its minimum liquidity covenant from $20 million to $30 million and removed restrictions on proceeds from vessel sales. These amendments position the company for better refinancing options and reflect confidence in its financial stability over the bond's remaining three-year term.
Leading Japanese companies, startups, and research institutions are developing specialized AI models using NVIDIA Nemotron open models to address Japan's unique language, industrial, and workforce challenges. These AI applications range from enterpri...
ERock, Inc. received a buy rating due to its innovative modular natural-gas power systems that help data centers avoid long waits for permanent grid power. The company has a strong $1.3 billion backlog supported by customer deposits, providing clear ...
IBM's business model remains strong despite a 7% decline in mainframe infrastructure revenue, supported by loyal legacy customers and solid free cash flow. Software growth, especially an 11% increase in Red Hat revenue, helps offset mainframe challen...
BMW is recalling 29,119 plug-in hybrid sedans due to a potential fire risk caused by corrosion in the engine starter's electrical relay. This defect can lead to a short circuit and overheating even when the vehicle is parked with the ignition off. Th...
The Fidelity Fundamental Large Cap Core ETF (FFLC) provides an actively managed alternative to traditional S&P 500 index funds by emphasizing risk-adjusted returns and fundamental company strength. FFLC excludes companies with high valuations and low...
