SAM160 USAF C-32A departed JBA sw to Bragg ground stop and then ne to NAS Oceana for an additional ground stop-bakc to JBA
This AC is used as primary AF2
RUFF07 US Navy E-6B Mercury on approach at NAS Pax River from Tinker AFB
tyb
LendingTree, Inc. sold by GCI Liberty, Inc: $1.007B-Nov 16
GCI Liberty To Sell Its Stake Of LendingTree
GCI Liberty, Inc. (GLIBA, GLIBP) has agreed to sell its stake of LendingTree, Inc. and agreed to unwind its forward sale contract on LendingTree shares. The gross proceeds of the sale are expected to be $1.007 billion. On August 6, 2020, GCI Liberty and Liberty Broadband entered into a definitive merger agreement under which Liberty Broadband has agreed to acquire GCI Liberty in a stock-for-stock merger. The HSR waiting period expired on October 9, 2020. The FCC released public notice of approval of transfer of control on October 23, 2020, which is expected to become a final order on December 2, 2020. GCI Liberty expects the combination to close no later than the first quarter of 2021.
https://www.nasdaq.com/articles/gci-liberty-to-sell-its-stake-of-lendingtree-quick-facts-2020-11-17
LendingTree, Inc. (LendingTree) is engaged in operating an online loan marketplace for consumers seeking loans and other credit-based offerings. The Company's online marketplace provides consumers with access to product offerings from various lenders, which it refers to as Network Lenders, including mortgage loans, home equity loans and lines of credit, reverse mortgage loans, auto loans, credit cards, personal loans, student loans, small business loans and other related offerings. In addition, the Company offers tools and resources, including free credit scores that facilitate comparison shopping for these loans and other credit-based offerings. The Company offers its products in categories, including mortgage products and non-mortgage products. Its mortgage products category includes its purchase and refinance products. Its non-mortgage products include lending products and other products. Number of employees : 1 107 people.
https://www.marketscreener.com/quote/stock/LENDINGTREE-INC-20234970/company/
GCI Liberty
Chairman of the Board of Liberty Media Corporation, Liberty Broadband Corporation, GCI Liberty, Inc. and Liberty Global plc. Dr. John C. Malone is Chairman of the Board of Liberty Media Corporation, Liberty Broadband Corporation, GCI Liberty, Inc. and Liberty Global plc. From 1996 to March 1999, when Tele-Communications, Inc. (TCI) merged with AT&T Corp., he was Chairman and Chief Executive Officer of TCI. Previous to that, from 1973 to 1996, Dr. Malone served as President and Chief Executive Officer of TCI. He currently serves on the Board of Directors for Qurate Retail, Inc., Discovery Communications, Inc., Charter Communications, Inc. and Lions Gate Entertainment Corp. Additionally, Dr. Malone is Chairman Emeritus of the Board for Cable Television Laboratories, Inc.
http://ir.gciliberty.com/corporate-governance/management
Greg B. Maffei-Chief Executive Officer, President and a director of GCI Liberty.
Maffei serves as President and CEO of Liberty Media Corporation, which owns media and entertainment businesses, including subsidiaries Formula 1, SiriusXM and the Atlanta Braves, and an interest in Live Nation Entertainment. He is President and CEO of Liberty Broadband Corporation, which consists primarily of a 25% voting stake in Charter Communications, as well as President and CEO of GCI Liberty, whose principal assets consist of its subsidiary GCI and interests in Charter Communications and Liberty Broadband. Maffei also serves as Chairman and CEO of Liberty TripAdvisor, which holds a controlling interest in Tripadvisor. Prior to joining Liberty in 2005, Maffei served as Co-President of Oracle, Chairman and CEO of 360networks, and CFO of Microsoft. He has also served as a Director of Barnes & Noble, Citrix, DIRECTV, Dorling Kindersley, Electronic Arts and Starbucks and was Chairman of Expedia and Starz. Maffei is a member of the Board of Trustees of Dartmouth College and Council on Foreign Relations.
http://ir.gciliberty.com/corporate-governance/board-of-directors
https://www.finviz.com/insidertrading.ashx?oc=808461&tc=7
Larry Fink Says Biden Will Be ‘Voice of Reason’ Markets Need
BlackRock Inc. Chief Executive Officer Larry Fink said Joe Biden’s victory in the U.S. presidential election should encourage investors, who want stability and an easing of geopolitical tensions. “They’re looking for a voice that moderates, not a voice that incites,” Fink said at a Bloomberg New Economy Forum event broadcast Thursday in Hong Kong. “President-elect Biden can be that voice of reason.” The S&P 500 rose 1.2% in the first trading session after Biden was declared the winner of the election. In his acceptance speech, he pledged to unite and heal a country ravaged by the Covid-19 pandemic and partisan hostility. “The marketplace is encouraged by having a leader now that is more inclusive, a leader that could probably bring a little more global harmony,” said Fink, 68. BlackRock, the world’s largest asset manager, oversees more than $7.8 trillion.
As Biden selects key advisers and sets priorities, Fink said the president-elect should consider spending on infrastructure and broadband for all U.S. homes. Fink, who is sometimes floated as a potential candidate to be U.S. Treasury secretary for Democratic administrations, said he’s “very happy at BlackRock” and that he’s “staying in New York for the time being.” On the debate for additional fiscal stimulus in the U.S., Fink said concerns over a ballooning deficit can be put to one side, for now, given inflation is low. “I would say we should worry about it, but it’s not a major issue today,” Fink said. “We need to get growth going. As we get growth, then this deficit, it’ll ultimately be probably north of $30 trillion. These deficits are going to have less impact if we have a broader, larger economy.”
https://www.bnnbloomberg.ca/larry-fink-says-biden-will-be-voice-of-reason-markets-need-1.1524582
already angling for the Treasury Job
China braces for multiple bond defaults at state-owned enterprises
A series of bond defaults by Chinese state-owned enterprises (SOEs) is on the radar screen of the country's top economic planner.
At a routine press conference Tuesday, National Development and Reform Commission (NDRC) spokesperson Meng Wei called for local governments to step up supervision through project screening to prevent default risk for enterprise bonds. Recent failures to repay debt by a coal mining company, a top Chinese chipmaker and a major car manufacturer highlighted the risk of rising defaults in China's corporate bond market. The number of defaults by China's SOEs is expected to rise marginally next year as the central bank shifts toward a more neutral policy stance amid an economic recovery, according to a Fitch report released Monday.
China's central bank pumped 800 billion yuan of liquidity into the money market Monday through its medium-term lending facility (MLF), helping to relieve some of the anxiety that's gripped institutions and investors after the recent bond defaults. The most-recent defaults all involve corporate bonds traded in the interbank bond market, which is regulated by the central bank and the National Association of Financial Market Institutional Investors (NAFMII). The NDRC regulates enterprise bonds, almost exclusively issued by SOEs including local government financing vehicles (LGFVs).
While corporate bonds and enterprise bonds are both financing tools for SOEs, enterprise bonds usually have longer maturity, and the proceeds have to be used for specific projects. As of Monday, there were 2,575 outstanding enterprise bonds with a total face value of 2.25 trillion yuan ($343 billion), accounting for less than 6% of China's total bond market. Overall, risk prevention for enterprise bonds has been relatively good and there has been no default this year, Meng said. The cumulative default rate of enterprise bonds is at the lowest level among corporate debts, she said. Usually if a bond issuer has both corporate and enterprise bonds, it treats enterprise bonds more cautiously, said a partner at a private bond fund. But if a default occurs, all debts are treated equally under law, the partner said.
Last week, state-owned Yongcheng Coal and Electricity Holding Group Co. Ltd. defaulted a 1 billion yuan ultra-short-term bond, setting off a chain reaction that spread to other coal mining companies and local government financing vehicles in other provinces. Brilliance Auto Group Holdings Co., a Chinese automaker linked to BMW AG, also defaulted on 6.5 billion yuan ($987 million) of debt. Tsinghua Unigroup, a major government-backed player in China's national push for self-reliance in semiconductors, defaulted on a 1.3 billion yuan bond Monday after it failed to win approval from creditors for a rollover.
Investor appetite for debt from weaker SOEs is likely to ebb as market liquidity tightens, a trend that Yongcheng's surprise default may accelerate, Fitch said. Before the Yongcheng default, five SOEs failed to repay debt from January through October, close to levels seen in the previous two years, according to Fitch.
https://asia.nikkei.com/Spotlight/Caixin/China-braces-for-multiple-bond-defaults-at-state-owned-enterprises
Global Crop Supply Fears Send Soybeans to Highest in Six Years
Soybeans traded at the highest level in more than six years as increasing demand from top importer China and dry weather in the major producing areas of South America spur growing concerns over global supplies.
Prices have climbed more than 40% since March after China started snapping up cargoes to feed a massive increase in hog numbers as the country recovers from African swine fever. Now the development of southern hemisphere crops in Brazil and Argentina has been threatened for weeks by lack of rain. Brazil is the biggest grower of soybeans and Argentina the top exporter of soybean oil. Imports by China may reach 100 million tons next year and grow 3% to 4% annually over the next decade, according to the U.S. Soybean Export Council. The U.S. and Brazil have already sold a large part of their crops for shipment in coming months. Meanwhile, a stronger Chinese currency and a weaker dollar are only increasing the appeal of farm imports for the Asian country. Corn has also been rallying on expectations for record Chinese imports and because of the dry weather in South America, but there are concerns over the impact of the latest U.S. lockdowns on demand for corn ethanol.
https://www.bnnbloomberg.ca/global-crop-supply-fears-send-soybeans-to-highest-in-six-years-1.1524608