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Hospitality firm $MGM said it has completed issuance of $500,000,000 of 4.625% senior notes due 2026, issued at par. Company intends to use net proceeds from the offering, together with cash on hand, to redeem its 7.625% senior notes due 2017, and pending such use, invest in short-term interest-bearing accounts, securities or similar investments.
Visa ($V) set to release it earning after market close today. With new CEO resigning so close to the earnings, should we expect to see any surprises? Visa has been making strong moves with Visa Europe acquisition, partnership with PayPal and a 15% increase if quarterly dividends.
Kimberly Clark Corp ($KMB) has been in decline for most of the year, the stock has also not been getting any analyst love. Will today’s earnings break the trend? Revenue has been up and down in the last four quarters, let us see what this quarter brings.
$KMB down close to 4% after it misses on earnings and revenue. Forecasts are lower for the year.