NEWTON, Mass.--()-- Service Properties Trust (Nasdaq: SVC), or SVC, today announced that it has amended the credit agreement governing its $1.0 billion revolving credit facility and $400.0 million term loan. The amendment provides for a waiver of all existing financial covenants under its credit agreement through July 15, 2022, during which, subject to certain conditions, SVC will continue to have access to undrawn amounts under the revolving credit facility.
The U.S. economy added 638,000 jobs in October, far more than the 530,000 that analysts predicted, but still an indication of the challenges the next president faces in rebuilding the labor market. The unemployment rate fell to 6.9 percent, from 7.9 percent, according to data released Friday by the Bureau of Labor Statistics.
YOUNGSTOWN - The United Way of Youngstown and the Mahoning Valley will host its virtual PNC Champions Holiday Auction through a live virtual event today at 6:30 p.m. Roxann Sebest, director of marketing and communications for the United Way, said the group initially planned to have a large event with 500 attendees for it's 13th annual live auction.
Mr. Parikshit D Kandpal, Institutional Research Analyst, HDFC Securities PNC Infratech (PNC) delivered an in-line 2QFY21 financial performance. Management commentary was upbeat on (1) FY21E order inflows pegged at Rs 100bn, (2) revenue guidance upped from 10% YoY de-growth to flattish trend, (3) NWC improvement for 2HFY21, (4) closure of BOT/HAM asset monetisation by Mar-21, and (5) growth backed by low peak debt levels of Rs 4.5bn.
Equity BullsFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key financial metrics. In a perfect world, we'd like to see a company investing more capital into its business and ideally the returns earned from that capital are also increasing.
Investment company Meitav Dash Investments Ltd ( Current Portfolio) buys Palo Alto Networks Inc, SELECT SECTOR SPDR, SSGA SPDR S&P 500, Walmart Inc, Nova Measuring Instruments, sells PNC Financial Services Group Inc, VANGUARD WORLD FDS, Blackstone Group Inc, CME Group Inc, Burlington Stores Inc during the 3-months ended 2020Q3, according to the most recent filings of the investment company, Meitav Dash Investments Ltd.
GuruFocus.comOne man is on the loose after Dickson City Police say he robbed a bank yesterday. According to officers, the suspect robbed the PNC Bank in the Viewmont Mall at around 1:15pm. The suspect is described to be a Hispanic man in his 20's, about 5'7", and was wearing a black hooded sweatshirt, winter hat, gray Nike sweatpants, and black sneakers.
fox56.comFitch Ratings - New York - 05 Nov 2020: Fitch Ratings has withdrawn its 'F1' credit enhanced rating on the following New York City Transitional Finance Authority (TFA) bonds: --New York City Transitional Finance Authority (NY) adjustable-rate future tax secured bonds series fiscal 2001C; --New York City Transitional Finance Authority (NY) future tax secured subordinate bonds series fiscal 2010G-5.
Fitch RatingsRead more about Godrej Properties Ltd leads losers in 'A' group on Business Standard. Suzlon Energy Ltd, PNC Infratech Ltd, Reliance Power Ltd and Ambuja Cements Ltd are among the other losers in the BSE's 'A' group today, 05 November 2020.
Police say the robber was wearing a sweatshirt and mask. DICKSON CITY, Pa. - A bank inside a mall in Lackawanna County was held up on Wednesday afternoon. Police say the robbery happened around 1 at the PNC Bank inside the Viewmont Mall in Dickson City.
WNEP Scranton/Wilkes-BarrePriority One Financial Services announced the recent promotion of Markle Janner to operations manager. In the role, Janner will work in partnership with senior operations manager, Rina Aponte, to ensure dealers continue to see more approved applications, more deliveries and more profit for long-term success.
Boating IndustryA total of six commercial lenders have recently departed Wells Fargo & Co. for rival banks in the Philadelphia region. Amara Briggs, who had been commercial lending team manager in Greater Philadelphia for Wells Fargo (NYSE: WFC), has joined Truist Bank (formally BB&T) as senior vice president of middle market banking in the Delaware and Lehigh valleys.
Philadelphia Business JournalICICI Direct has given a buy rating to PNC Infratech with a target price of Rs 210. The share price moved down by 1.73 per cent from its previous close of Rs 170.30. The stock's last traded price is Rs 167.30.
The PNC Financial Services Group, (PNC) exchanged 3057524 shares on hands in most recent trading session and observed an average volume with 2013.54K shares. The stock acknowledged active focus on shares in the current trading session. PNC disclosed a change of 4.32% and its listed share value at $119.39 in the recent trade transaction.
The Union JournalHarris Williams, a global investment bank specializing in M&A advisory services, announces that it advised Veregy, a portfolio company of Bow River Capital, on its sale to Court Square Capital Partners (Court Square). Veregy is an energy services company (ESCO) that designs, engineers and implements eco-friendly building and system optimizations that minimize upfront costs and produce meaningful energy and operational savings.
PNC Infratech (PNC) reported a better-than-expected performance in Q2FY21. Topline, adjusted for one-off Rs. 109.5 crore as arbitration claim for Hapur-Moradabad project in the base quarter, de-grew merely by 1.6% YoY to Rs. 1,053.5 crore. The performance was resilient, given the heavy monsoon period and disruptions caused by Covid-19 pandemic.
Equity BullsRobust Outlook - Conference call takeaways - PNC's execution during Q2 FY21 improved as compared to Q1 with better labor availability and improved supply chain. The execution now is almost near the pre-COVID levels and 2H FY21 is expected to be much better with monsoon impact going away and improved labor availability.
Equity BullsPNC Infratech Ltd. reported a better-than-expected performance in Q2 FY21.Topline, adjusted for one-off Rs 109.5 crore as arbitration claim for Hapur-Moradabad project in the base quarter, de-grew merely by 1.6% YoY to Rs 1,053.5 crore.The performance was resilient, given the heavy monsoon period and disruptions caused by Covid-19 pandemic.Operating profit came in at Rs 142.1 crore, down approximately 44.8% YoY.Here also, adjusted for the one-off element in the base quarter, the operating profit decline was merely approximately 3.8% YoY.
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With the majority of its hotel properties now open, Ryman Hospitality Properties, Inc. saw a significant increase in revenue from the second quarter to the third of 2020. Revenue for the third quarter totaled $70.2 million - up from $14.7 million in the second quarter, but down 82% compared to the third quarter of 2019.
Nashville Business Journal
