Sears trades up on Amazon tire agreement; DISH falls again after earnings report

By James McCandless

San Antonio, May 9 – Traders reported moderate activity in the distressed debt market on Wednesday, led by news-driven names.

Sears Holdings Corp. notes traded up after the company announced a partnership with Amazon to install tires delivered from the internet service.

DISH Network Corp. issues fell further after the company reported earnings below expectations and falling subscriber numbers Tuesday.

Sanchez Energy Corp. paper bounced back after the company reported an earnings loss for Q1 on Tuesday.

Intelsat SA notes climbed. Last Tuesday, the company posted a disappointing Q1 report. Frontier Communications Corp., another telecom name posting less than stellar Q1 numbers last Tuesday, saw issues mixed. Mallinckrodt plc paper declined.

© 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.