Deutsche Telekom reportedly wants to renegotiate the terms of T-Mobile's $TMUS acquisition of Sprint $S. Sprint fell 4.65% to $8.20 while T-Mobile declined 0.7% to $95 premarket Thursday.
Bed Bath & Beyond Inc. recently reported poor operating performance in the holiday season, with sharp margin declines and continued revenue deterioration, exacerbated by declining customer traffic and inventory management issues.
S&P Global Ratings is placing all our ratings on Bed Bath & Beyond, including our 'BB' issuer credit rating, on CreditWatch with negative implications.
The CreditWatch placement, indicating at least a 50% chance that we could lower the ratings at least by one notch, follows our view that the weak holiday season performance is reflective of significant challenges the company faces for execution of its turnaround plan.