South Jersey Industries, Inc. has amended its cash tender offer for the outstanding 2018 Series A 3.70% Remarketable Junior Subordinated Notes due 2031 by increasing the purchase price from $920 to $955 per $1,000 principal amount. The company also extended the offer expiration from May 26 to May 29, 2026, allowing holders more time to tender their notes. This move aims to encourage noteholders to sell back their debt, subject to conditions including the pricing of new subordinated notes. The tender offer may be amended or withdrawn, and completion is not guaranteed, which could impact the notes' market price and liquidity.
NVIDIA announced that leading Japanese companies in robotics and manufacturing are adopting its Cosmos, Isaac, Metropolis, and Jetson platforms to accelerate AI-powered intelligent machines across industries. The new Cosmos 3 Edge model enables real-...
Oil prices are rising sharply due to renewed US naval blockades on Iranian shipping and increased tensions in the Strait of Hormuz, a critical oil transit route. Brent crude is holding above $85 and WTI above $80, with forecasts suggesting WTI could ...
The US government announced it will impose a new 25% tariff on Brazilian ethanol starting next Wednesday, accusing Brazil of unfair trade practices. This tariff excludes major Brazilian exports like oil, beef, coffee, and aircraft parts. The move fol...
Alibaba and Baidu shares rose after Apple received approval from China's Cyberspace Administration to include Apple Intelligence, integrating Alibaba's Qwen AI model and Baidu's AI features into Apple devices in China. This partnership allows users t...
Ondo Finance has introduced the first tokenized stock representations backed by DTCC tokenized entitlements, joining major financial firms in a significant tokenization initiative. This move highlights Ondo's unique position in building infrastructur...
