Options Team, Inc. (TISI) shares are rising more than 12 percent on Friday morning trade.The company announced the signing of a new $250 million Senior Secured Term Loan due 2026 led by Atlantic Park Strategic Capital Fund, L.P. TEAM said it intends to use the proceeds from the Term Loan and the ABL Credit Facility to repay in full the previous bank credit facility, fund the repurchase of a portio...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.