Streetbeat News

Assets

BK

The short percent of float for Bank of New York Mellon (NYSE:BK) has decreased by 8.54% since its last report, with 5.83 million shares sold short, representing 0.75% of all regular shares available for trading. It would take traders 1.21 days on average to cover their short positions. The company's short interest is less than the average of its peer group, which stands at 3.14%.

Portfolio Pulse from Benzinga Insights

August 07, 2023 | 1:30 pm

LEU

Centrus Energy's CFO, Philip O. Strawbridge, has announced his retirement effective December 31. The board has appointed Kevin Harrill as his successor, effective August 31.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 1:28 pm

VSAT

Viasat Inc. (NASDAQ:VSAT) has received awards totaling over $80 million to develop Active Electronically Scanned Array (AESA) systems for ground, maritime, and space applications. The developments will allow Viasat's existing phased array technology to be extended and adapted to support defense operational environments and mission needs.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 1:17 pm

PYPL

PayPal has announced the launch of a U.S. dollar-denominated stablecoin, PayPal USD (PYUSD), which is fully backed by U.S. dollar deposits, short-term U.S. treasuries, and similar cash equivalents. The stablecoin, issued by Paxos Trust Company, can be redeemed 1:1 for U.S. dollars and will be available to consumers, merchants, and developers. It is designed to reduce friction for payments in virtual environments, facilitate fast transfers of value, and foster the expansion into digital assets.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 1:09 pm

CWT

California Water Service (Cal Water), a subsidiary of California Water Service Group (NYSE:CWT), has finalized the acquisition of Skylonda Mutual Water Company's water system assets. The Bear Gulch District of Cal Water, which is adjacent to the Skylonda system, will now provide water utility service to Skylonda's 156 customer connections. Cal Water plans to invest in Skylonda's water infrastructure and interconnect the three areas to enhance water supply reliability to the entire district.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 12:54 pm

METX

Meten Holding Group Ltd. (NASDAQ:METX), a cryptocurrency mining company, has entered into subscription agreements with two foreign investors, Future Satoshi Ltd and an individual investor, for the issue and sale of 4 million ordinary shares at $0.25 per share, totaling $1 million. The company plans to use the proceeds to purchase additional mining machines to increase the computing power of its cryptocurrency mining fleet.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 12:51 pm

MANU

Sheikh Jassim bin Hamad Al Thani is reportedly set to buy Manchester United (MANU) from the Glazers after making a significant breakthrough in talks. A £6 billion deal is close, with a takeover expected to be completed by November. Sheikh Jassim has pledged to clear the millions of pounds in debt accumulated since the Glazers' controversial takeover in 2005. Despite the uncertainty over the club's ownership, Erik ten Hag has completed his desired transfer business this summer, spending £179 million on three arrivals.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 12:46 pm

CRVUSD

Curve Finance (CRYPTO: CRV) has announced a reward of $1.85 million for information leading to the legal conviction of the individual or group behind the recent exploit of their system. A software glitch on July 30 caused the DeFi protocol to lose over $70 million in assorted digital currencies. The culprits exploited weak versions of the Vyper programming language, launching re-entrancy attacks on specific Curve liquidity pools. As of Monday, approximately 73% of the stolen funds, equivalent to around $52.3 million, have been returned. Curve's governance token has seen a decline of over 6% in the past week, currently trading at $0.61.

Portfolio Pulse from Murtuza Merchant

August 07, 2023 | 12:43 pm

VAL

Valaris Limited (NYSE:VAL) and its subsidiary, Valaris Finance Company LLC, plan to offer an additional $350 million in aggregate principal amount of their 8.375% Senior Secured Second Lien Notes due 2030. The proceeds will be used to finance the purchase of drillships VALARIS DS-13 and VALARIS DS-14, and for general corporate purposes. The securities will be offered to qualified institutional buyers and persons outside the United States.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 12:39 pm

MKTX

MarketAxess Holdings Inc. (NASDAQ:MKTX) has announced its plans to acquire Pragma, a provider of quantitative trading technology. The acquisition is expected to accelerate the development of quantitative execution algorithms and data-driven analytics for fixed-income. Pragma's algorithmic trading platform and technology team will help MarketAxess enhance its execution algorithms and analytics across all fixed-income products. The transaction is expected to close in the fourth quarter.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 12:37 pm