Pacific Drilling: A Look At Disclosure Statement And Recent Bond Offering

Pacific Drilling (OTCPK:PACDQ) bankruptcy case is especially interesting in the light of ongoing developments on the M&A scene in the offshore drilling market – Transocean (RIG) buying Ocean Rig (ORIG) (I wrote about it here), Seadrill (SDRL) stating it is poised to make acquisitions and a general newfound optimism regarding the speed of market recovery.…

No Recession Signaled By iM’s Business Cycle Index: Update – September 13, 2018

The BCI at 249.0 is above last week’s downward revised level of 248.7, and formed a new high for this business cycle indicated by the BCIp of 100. However, the 6-month smoothed annualized growth BCIg remained at 14.4 for the third consecutive week. Both BCIp and BCIg do not signal a recession. (BCIp needs to…

iHeartMedia to acquire Stuff Media

No results matched your search Stock Markets1 hour ago (Sep 13, 2018 09:40AM ET) © Reuters. iHeartMedia to acquire Stuff Media iHeartMedia (OTCPK:IHRTQ) announced it has entered into an agreement to acquire Stuff Media, LLC. This acquisition demonstrates iHeartMedia’s continued investment and leadership role in the Audio Space with its multiplatform assets and leading national…

China Goes To The WTO (Wall Street Breakfast Podcast)

Today’s Top Stories: China asks for WTO sanctions on the US, oil prices climb higher, and Renesas buys IDTI. Click play to listen in your browser. If you are interested in listening to Wall Street Breakfast to start your day, look for us in the following places: iTunes (find all Seeking Alpha Podcasts here) Stitcher…