Verizon disclosed its 1Q15 results on April 21, 2015. At the end of 1Q15, the completed transactions included the ~$10.4 billion AWS-3 spectrum acquisition.
Verizon bought the AWS-3 spectrum holdings to strengthen its existing mid-band spectrum portfolio. It will help add capacity to the wireless network.
Verizon entered into an agreement for a wireless tower transaction with American Tower on February 5, 2015. It was completed on March 27, 2015.
Verizon declared its results on April 21. It moved the assets and liabilities of its transaction with Frontier Communications to the held-for-sale category.
In the past, Amazon has faced criticism over late delivery that relied on package delivery companies such as United Parcel Service (UPS) and FedEx (FDX).
The online travel market is consolidating. Expedia’s market share will rise to 75% with its acquisitions of Orbitz and Travelocity.
More than 500 million people come to Twitter each month but don’t log in. By providing a better experience to logged-out users, Twitter aims to better monetize their page views.
Although valuations seem to be high, investors should stay the course and find pockets of value in the current equity markets. The great bull run might not be at an end yet.
Japanese corporates have seen a strong earnings growth of almost 20% in 2014, making Japanese equities look very attractive.
According to data from Lipper, leveraged loan mutual funds saw inflows in the week ending April 17. The quantum of inflows was $530 million.
The US leveraged loans market saw an allocation of $9.1 billion worth of senior loans across 13 transactions in the week to April 17.
While yields on high-yield debt fell, spreads between high-yield debt and Treasuries (TLT) (IEF) rose over the week ending April 17.
Charter Communications (CHTR) issued B1/BB- rated junk bonds worth a cumulative $2.7 billion in three tranches. It will use the proceeds to refinance older notes.
Last week brought the total US dollar issuance of high-yield debt to $115.8 billion in 2015 YTD. This is up ~15% from the same period in 2014.
Equity markets in the US fell in the week ending April 17. Equities were moved by retail sales and CPI (consumer price index) data, among other indicators.
Investment-grade bond yields usually follow cues from the Treasuries market. With a fall in Treasury yields, investment-grade corporate bond yields also fell.
After several weeks of dominance by Yankee bonds, US financials hit the primary market in a big way in the week ending April 17.
The five-year maturity category made up 41.7% of all issues. It was followed by the ten-year maturity category, which comprised 27.0% of issuances.
Widening spreads are associated with slower growth and worsening economic conditions. Low or tight spreads coincide with faster growth and better economic conditions.
Retail sales rose 0.9% month-over-month in March 2015. However, most of the increase was due to a surge in auto sales.