Jonathan Rinderknecht’s attorneys say he’s being used as scapegoat for Los Angeles fire department’s failure to fully extinguish earlier blaze Sign up for the Breaking News US email to get newsletter alerts in your inbox The man accused of sparking the deadly Palisades fire in Los Angeles was upset over a failed relationship and his lack of plans for New Year’s Eve – and he ranted about being angr...
Jonathan Rinderknecht’s attorneys say he’s being used as scapegoat for Los Angeles fire department’s failure to fully extinguish earlier blaze Sign up for the Breaking News US email to get newsletter alerts in your inbox The man accused of sparking the deadly Palisades fire in Los Angeles was upset over a failed relationship and his lack of plans for New Year’s Eve – and he ranted about being angry at the world before the initial blaze was ignited, according to court documents filed by prosecutors. Jonathan Rinderknecht, 29, has pleaded not guilty to starting what became one of the most destructive wildfires in California history. It began on 7 January 2025 in the hillside neighborhoods of Pacific Palisades and Malibu and killed 12 people. Prosecutors say Rinderknecht started a fire on 1 January that burned undetected deep in root systems before flaring back up a week later. Continue reading...
Ocugen ( OCGN ) announced on Tuesday the pricing of $115M of 6.75% Convertible Senior Notes due 2034. The buyers have an option to purchase an additional $15M of notes, potentially increasing the offering size to nearly $130M. The company expects net proceeds of about $99.5M, or nearly $112.6M if the full option is exercised. Ocugen ( OCGN ) said nearly $32.7M of the proceeds will be used to fully...
Ocugen ( OCGN ) announced on Tuesday the pricing of $115M of 6.75% Convertible Senior Notes due 2034. The buyers have an option to purchase an additional $15M of notes, potentially increasing the offering size to nearly $130M. The company expects net proceeds of about $99.5M, or nearly $112.6M if the full option is exercised. Ocugen ( OCGN ) said nearly $32.7M of the proceeds will be used to fully repay its existing loan tied to affiliates of Avenue Capital Group . Remaining proceeds will be used for general corporate purposes and to strengthen liquidity. The notes carry a 6.75% annual interest rate and will mature in May 2034. The notes are convertible at about $2.68 per share, representing a nearly 45% premium to the stock's last closing price of $1.85 on May 4. The stock surged 13.18% to $32.54 following the pricing announcement. Source: Press Release. More on Ocugen Ocugen, Inc. (OCGN) Discusses Top Line Results From Phase II ArMaDa Trial of OCU410 in Geographic Atrophy Transcript Ocugen: Downgrading After OCU410 Data Release Ocugen, Inc. (OCGN) Q4 2025 Earnings Call Transcript Ocugen GAAP EPS of -$0.06 misses by $0.01, revenue of $1.53M beats by $1.17M Ocugen issues $115M notes to repay debt; stock faces after-hours selling
MFA Financial press release ( MFA ): Q1 Non-GAAP EPS of $0.34 beats by $0.04 . Revenue of $43.3M (-47.2% Y/Y) misses by $17.74M . GAAP book value at March 31, 2026 was $12.70 per common share. Economic book value, a non-GAAP financial measure, was $13.22 per common share. Total economic return was (1.2)% for the first quarter. MFA closed the quarter with $221.6 million of unrestricted cash and $17...
MFA Financial press release ( MFA ): Q1 Non-GAAP EPS of $0.34 beats by $0.04 . Revenue of $43.3M (-47.2% Y/Y) misses by $17.74M . GAAP book value at March 31, 2026 was $12.70 per common share. Economic book value, a non-GAAP financial measure, was $13.22 per common share. Total economic return was (1.2)% for the first quarter. MFA closed the quarter with $221.6 million of unrestricted cash and $174.8 million of unpledged Agency MBS. MFA’s residential investment portfolio rose to $12.5 billion at March 31, 2026 from $12.3 billion at December 31, 2025. More on MFA Financial MFA Financial Under The Microscope: Baby Bonds, Preferred Stocks And Credit Quality MFA Financial: 10% Yielding Preferred Shares Are A Hedge Against Inflation MFA Financial: A Look At Their Latest Results And Impact On Baby Bonds MFA Financial Q1 2026 Earnings Preview MFA Financial outlines capital redeployment and expense reduction targets as preferred issuance and buybacks continue
Everton's Thierno Barry effectively gained from being offside when Manchester City's Marc Guehi teed him up to score on Monday. Is the law fair? And were the game's other big decisions correct?
Everton's Thierno Barry effectively gained from being offside when Manchester City's Marc Guehi teed him up to score on Monday. Is the law fair? And were the game's other big decisions correct?
Shares of First Seacoast Bancorp ( FSEA ) surged about 41% in premarket trading on Tuesday after the company agreed to be acquired by Cambridge Financial Group in an all-cash transaction valued at roughly $80.9M. Under the terms, First Seacoast shareholders will receive $17.25 per share in cash, representing a premium of about 47% to the stock’s Monday close of $11.74. First Seacoast Bank will be ...
Shares of First Seacoast Bancorp ( FSEA ) surged about 41% in premarket trading on Tuesday after the company agreed to be acquired by Cambridge Financial Group in an all-cash transaction valued at roughly $80.9M. Under the terms, First Seacoast shareholders will receive $17.25 per share in cash, representing a premium of about 47% to the stock’s Monday close of $11.74. First Seacoast Bank will be merged into Cambridge Savings Bank, which will be the surviving banking entity, as part of the deal. The transaction is expected to close in the third quarter of 2026, subject to customary approvals. The deal comes as U.S. regional banks increase consolidation efforts, driven by expectations of a more accommodative regulatory environment under the Trump administration and the need to scale up to better compete with larger lenders amid ongoing economic and operational pressures. More on First Seacoast Bancorp, Inc. Financial information for First Seacoast Bancorp, Inc.
Coinbase CEO Cuts Workforce By 14% As AI Agents Take Over, Accelerate White-Collar Job Apocalypse Coinbase employees woke up Tuesday morning to an email from the CEO announcing a workforce reduction of up to 14% as part of a broader push to make the crypto firm "leaner, faster, and AI-native." CEO Brian Armstrong also released the letter on X, starting off the letter by saying: Today I"ve made the...
Coinbase CEO Cuts Workforce By 14% As AI Agents Take Over, Accelerate White-Collar Job Apocalypse Coinbase employees woke up Tuesday morning to an email from the CEO announcing a workforce reduction of up to 14% as part of a broader push to make the crypto firm "leaner, faster, and AI-native." CEO Brian Armstrong also released the letter on X, starting off the letter by saying: Today I"ve made the difficult decision to reduce the size of Coinbase by ~14%. I want to walk you through why we're doing this now, what it means for those affected, and how this positions us for the future. According to Coinbase's last annual report, the company had 4,951 employees. Today's 14% workforce reduction represents nearly 700 layoffs. Armstrong said the restructuring was necessary because "two forces are converging at the same time," citing a crypto bear market and accelerating AI adoption as the drivers behind the layoffs: Why now Two forces are converging at the same time. We need to be front footed to respond to both. First , the market. Coinbase is well-capitalized, has diversified revenue streams, and is well-positioned to weather any storm. Crypto is also on the verge of the next wave of adoption, with stablecoins, prediction markets, tokenization, and more taking off. However, our business is still volatile from quarter to quarter. While we've managed through that cyclicality many times before and come out stronger on the other side, we're currently in a down market and need to adjust our cost structure now so that we emerge from this period leaner, faster, and more efficient for our next phase of growth. Second , AI is changing how we work. Over the past year, I've watched engineers use AI to ship in days what used to take a team weeks. Non-technical teams are now shipping production code and many of our workflows are being automated. The pace of what's possible with a small, focused team has changed dramatically, and it's accelerating every day. All of this has led us to a...
Solaris Energy Infrastructure ( SEI ) said on Tuesday that its subsidiary intends to offer $1.3 billion in senior notes due 2031, subject to market conditions. The company said proceeds from the offering will be used to repay certain outstanding borrowings, cover related fees and expenses, and for general corporate purposes, including funding growth capital expenditures. The notes will be guarante...
Solaris Energy Infrastructure ( SEI ) said on Tuesday that its subsidiary intends to offer $1.3 billion in senior notes due 2031, subject to market conditions. The company said proceeds from the offering will be used to repay certain outstanding borrowings, cover related fees and expenses, and for general corporate purposes, including funding growth capital expenditures. The notes will be guaranteed by Solaris and certain subsidiaries on a senior unsecured basis. The offering will be made to qualified institutional buyers under Rule 144A and to non-U.S. investors under Regulation S, the company said. Source: Press Release More on Solaris Oilfield Infrastructure Solaris Energy Infrastructure: Expensive, But Growing Fast Solaris outlines path for pro forma adjusted EBITDA to exceed $1B annually as Q2 adjusted EBITDA guidance rises to $83M-$93M Solaris Oilfield Infrastructure Q1 2026 Earnings Preview