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More than 140 feared lost in devastating China landslide External Link

As many as 120 people were believed to be buried in southwestern China following a landslide on Saturday devastated a mountain village in Sichuan province, according to local reports. The landslide occurred at 6 a.m. local time, the Chinese state-run broadcaster China Central Television reported. CNN reported that some 780 rescuers were enlisted to help lost villagers in the Xinmo village in Mao County, Abe Prefecture, where some 46 homes were destroyed. Chinese President Xi Jinping has said "all-out efforts" are being made to save lives, China's People's Daily tweeted.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Sat, 24 Jun 2017 10:45:43 GMT
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SeaWorld being investigated for 'Blackfish' documentary statementsExternal Link

SeaWorld Entertainment Inc. disclosed Friday afternoon that the company has received subpoenas from the Department of Justice and Securities and Exchange Commission in regards to statements made about a critical 2013 documentary called "Blackfish." In an SEC filing, the company said the subpoenas concern "disclosures and public statements made by the Company and certain executives and/or individuals on or before August 2014, including those regarding the impact of the "Blackfish" documentary, and trading in the Company's securities." In an earnings report that month, SeaWorld blamed poor earnings on "adverse publicity" regarding the treatment of its Orcas, the subject of the documentary. SeaWorld said that it had formed a special committee of the board to deal with the inquiries, and engaged counsel to assist them. SeaWorld stock, which has never recovered from the sharp decline suffered in 2014, closed with a 1% decline at $15.65 Friday, then declined more than 2% in late trading.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Fri, 23 Jun 2017 21:56:41 GMT
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YogaWorks seeks to raise $75 million via initial public offeringExternal Link

YogaWorks Inc. filed documents with the Securities and Exchange Commission to raise $75 million via an initial public offering, according to a regulatory disclosure Friday. The yoga-studio chain operator posted a loss of $9.5 million on revenue of $55.1 million in 2016. The underwriters for the deal are Cowen, Stephens Inc., Guggenheim Securities and Roth Capital Partners. YogaWorks plans to list on the Nasdaq under the ticker YOGA.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Fri, 23 Jun 2017 21:34:06 GMT
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Kala Pharmaceuticals files for IPOExternal Link

Kala Pharmaceuticals Inc. has filed for an initial public offering, according to a Securities and Exchange Commission filing on Friday. The Waltham, Mass.-based company focuses on the treatment of eye diseases and listed net losses of $17 million in 2015, $33 million last year, and $10 million in the first three months of this year. The company is expected to trade on the Nasdaq under the symbol KALA.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Fri, 23 Jun 2017 21:17:24 GMT
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Greece credit rating upgraded at Moody's, outlook revised to stableExternal Link

Greece's sovereign bond rating was upgraded one notch to Caa2 from Caa3 at Moody's Investors Service, citing the release of a EUR8.5 billion tranche under the country's adjustment program allowing the repayment of debt, improved fiscal prospects and tentative signs of a stabilizing economy. The outlook was revised to positive, which implies another upgrade is likely, from stable. The sovereign bond rating is still 8 notches below investment grade. The short-term debt rating was affirmed at not prime. "Beyond the near-term impact of allowing Greece to repay upcoming maturities, we consider the conclusion of the review to be a positive signal regarding the future path of the programme, as it required the Greek government to legislate a number of important reform measures," Moody's said in a research note. "The decision to assign a positive outlook to the Caa2 rating reflects Moody's view that the prospects for a successful conclusion of Greece's third adjustment programme have improved, which in turn raises the likelihood of further debt relief." Greece's Athex Composite Share Price Index has rallied 27.5% year to date, while the S&P 500 has gained 8.9%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


Fri, 23 Jun 2017 20:58:48 GMT
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