| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers C > Headlines for California Resources Corp. > News item |
Peabody Energy sees renewed gains; CIT trades up; Rent-A-Center debt in retreat
By Colin Hanner and Stephanie N. Rotondo
Chicago, Oct. 11 – Sandwiched between the long Columbus Day weekend and the start of Yom Kippur, distressed debt varied but saw gainers in the energy sector.
Speculation of the Federal Reserve raising interest rates before the end of the year might have affected the trading.
“Coal continues to be one of the more active spaces,” a trader said.
Peabody Energy Corp. gained 3¼ points on the day. One trader said the 10% notes due 2022 were “up a couple of points,” closing just above 57. The company’s 6% notes due 2018 were up a few points as well, trading around 37.
Murray Energy Corp. 11¼ % notes were “up a few points” to 69, a trader said.
In oil and natural gas exploration firms, California Resources Corp. and Linn Energy LLC, saw increases amid news that Russian Prime Minister Vladimir Putin said Monday that he would support the Organization of the Petroleum Exporting Countries’ proposal to halt oil production to retreat on slumping oil prices. That was dwarfed on Tuesday when Russia’s state-owned Rosneft PJSC said it wouldn’t consider cutting oil output.
Oil slumped from its 15-month high in the process.
The biggest non-energy gainer was CIT Group Inc., whose aircraft leasing business was sold on Thursday for $10 billion. The day’s biggest loser was Rent-A-Center Inc., as the company reported weak preliminary quarterly results.
© 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.