Earnings
Park Aerospace CEO Says Lower Engine Forecast Is No Warning, Blames Customers' Ramp Pace
Brian Shore said Park cut its fiscal 2027 GE engine-program sales forecast to $32 million to $35 million and rejected a negative reading.
Latest
Earnings
Trinity Capital Lined Up $880 Million Of New Commitments In Third Quarter, Versus $614 Million Actually Funded
Trinity Capital's pre-earnings update shows $614 million funded and $495 million returned in the quarter; full results are due November 4.
Markets
Raytheon Gets $4.43 Billion Base Missile Defense Contract, With $454.2 Million Obligated And $6.34 Billion Including Options
The Standard Missile-3 Block IB award is undefinitized, so final terms and price are still to be negotiated.
SEC Filings
Chevron Agrees To Exit Hess Midstream, Selling Its Stake And The General Partner For $200 Million Cash
A 13D amendment says outstanding shares are expected to fall by nearly 40% at closing, which is expected by year-end 2026.
Deals
American Water Names Iowa Chief Brad Nielsen Future Head Of Pennsylvania American Water
The pick takes effect only when the all-stock Essential Utilities merger closes, which the companies expect by the end of the first quarter of 2027.
Deals
Fulcrum Holders Would Keep About 5% Of Combined Company Plus A Cash Dividend Under Slate Merger
An amended S-4 shows Slate holders and new investors taking the rest, with a dividend of about $270 million paid before closing.
Deals
Sun Life Tells Shareholders Not To Tender To Ocehan's 100,000-Share Offer, Priced Nearly 25% Under August 27 Closes
The insurer says it has no link to Ocehan LLC and does not endorse the unsolicited mini-tender offer, which targets 100,000 common shares.
SEC Filings
X4 Pharmaceuticals Takes Up To $150 Million K2 Loan, Pays Off $75 Million Hercules Principal
The 8-K shows $80 million funded at closing, cash and revenue covenants, and a $15.0 million conversion option for the lender.
SEC Filings
Hess Midstream To Pay Chevron $200 Million, Cancel Its Shares And Buy DJ Basin Assets, 8-K Says
The deal would retire Chevron's units and general-partner control, cut shares by nearly 40%, and cut Chevron's Bakken tariffs.
Markets
USTR Asks Mexico To Review Union Rights At Puebla Auto Parts Plant, Freezes Customs Liquidation On Its Goods
Mexico has 10 days to say whether it will review GLM Components Mexico; the step is a process under the USMCA, not a tariff.
SEC Filings
TBG AG Holds 16.4% Of ESCO After Megger Sale, With A Board Seat And A 24.5% Standstill Cap
The Swiss seller of Megger took 5.1 million ESCO shares in the deal, with lock-ups, a standstill and a board designee.
SEC Filings
Famatown Finance Sold 445,290 International Seaways Shares In Seven Sales, 13D Filing Shows
The Cyprus holding company still reports a 13.54% stake and says nothing about its purpose has materially changed.