Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for Ensco plc > News item |
PG&E notes decline as company incurs $10.5 billion charge; Digicel issues fall
By James McCandless
San Antonio, Feb. 28 – More earnings reports took up much of the distressed market’s attention in the Thursday session.
PG&E Corp.’s notes declined after the company recorded a $10.5 billion charge related to California wildfires in late 2018.
Meanwhile, Digicel Group Ltd.’s issues were also falling after the company disclosed that lenders agreed to ease its leverage covenant.
Domestic peer Frontier Communications Corp.’s paper saw mixed activity.
Retailer J.C. Penney Co., Inc.’s notes rose after the company reported positive earnings for the fourth quarter.
Sector peer L Brands, Inc.’s issues were mixed after the company reported weak quarterly sales highlighted by its Victoria’s Secret segment.
In oil and gas, California Resources Corp.’s paper shot up after a surprisingly strong earnings report.
Ensco plc’s issues were mixed after the company released its Q4 report, with the market focused on its declining revenues.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.