Marriot Vacations Completes Loan Securitization

Marriot Vacations Completes Loan Securitization

Marriot Vacations Worldwide said it has completed the securitization of a pool of approximately $361 million of vacation ownership loans. Approximately $303 million of the loans were purchased Aug. 17 by the MVW Owner Trust 2017-1 and all or a portion of the remaining loans may be purchased by the trust prior to Jan. 15. In connection with the securitization, investors purchased $350 million of notes from the trust. Of […]

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Century Casinos Shares Higher

Century Casinos Shares Higher

Shares of Century Casinos were over 4% higher Thursday after the company said it submitted a license application with its local partner for a casino at the Hamilton Pricess Hotel & Beach Club in Hamilton, Bermuda. The company said it believes that its submission represents the only casino license application in Bermuda at this time. Century Casinos said the next step in the application process will be a hearing of […]

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Merck Lifts FY Revenue Guidance

Merck Lifts FY Revenue Guidance

Merck shares rose 1% in pre-market trade after the pharmaceutical company reported Q2 adjusted earnings of $1.01, up from $0.93 in the same period a year ago and topping the estimate of $0.87 from analysts polled by CapIQ. Total revenues of $9.93 billion were up from $9.84 billion in the same period a year ago and exceeded the Street projection of $9.75 billion. Merck maintained its FY adjusted EPS guidance […]

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Rexford Industrial Realty Acquires Industrial Property in California

Rexford Industrial Realty Acquires Industrial Property in California

Rexford Industrial Realty said pre-market Monday it has acquired 11190 White Birch Drive, an industrial property located in the Inland Empire West submarket in southern California, for $19.8 million, or about $99 per square foot. The acquisition was funded using the company’s line of credit. The industrial building contains 201,035 square feet on 9.27 acres of land and is 100% leased to a single tenant in the logistics industry on […]

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Honeywell Wins Contract

Honeywell Wins Contract

Honeywell International, a technology and manufacturing company, said Monday it has been selected by Farabi Petrochemicals Company to provide manufacturing technologies for a new biodegradable detergents facility in Saudi Arabia. Under the award, Honeywell UOP will provide catalysts and adsorbents as well as licensing, basic engineering and other associated services for the new complex. Shares were marginally lower in recent morning trade.

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