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Milliman analysis: Corporate pension funding improves in October after discount rates rise for the first time since April
SEATTLE--(BUSINESS WIRE)--Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Milliman 100 Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans. During October, the Milliman 100 PFI plans’ funded ratio improved from 102.5% at the end of September to 103.4% as of October 31. Rising discount rates—which jumped from 4.96% in September to 5.31% in October—drove this result and reduced the PFI plans’ combined pr
IBC Reports Strong Earnings for the Third Quarter of 2024
LAREDO, Texas--(BUSINESS WIRE)--International Bancshares Corporation today reported net income for the nine months ended Sept. 30, 2024 of $294.1 million .
Ameriprise Financial Earns Five Awards for Excellence in Learning and Development from Brandon Hall Group
MINNEAPOLIS--(BUSINESS WIRE)--Ameriprise Financial, Inc. (NYSE: AMP) today announced the firm won five awards for excellence in learning and development from research and analyst firm Brandon Hall Group. Ameriprise received four gold and one bronze award in the category of Human Capital Management Excellence. Brandon Hall issues the awards in recognition of firms that have implemented innovative and effective training and development programs. Entries for the awards are evaluated and ranked by
Templeton Emerging Markets Income Fund (“TEI” or the “Fund”) Announces Distribution
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Templeton Emerging Markets Income Fund [NYSE: TEI] today announced a monthly distribution from net investment income of $0.0475 per share, payable on November 29, 2024, to shareholders of record on November 18, 2024 (Ex-Dividend Date: November 18, 2024). The Fund’s Board of Trustees (the “Board”) has authorized a managed distribution plan (the “Plan”) pursuant to which the Fund makes monthly distributions to shareholders at the fixed rate of $0.0475 per s
Kemper Announces Quarterly Dividend
CHICAGO--(BUSINESS WIRE)--Kemper Corporation (NYSE: KMPR) announced today that its Board of Directors has declared a quarterly dividend of $0.31 per share. The dividend is payable on December 4, 2024, to Kemper’s shareholders of record as of November 18, 2024. About Kemper The Kemper family of companies is one of the nation's leading specialized insurers. With approximately $13 billion in assets, Kemper is improving the world of insurance by providing affordable and easy-to-use personalized sol
Top User Surveys and Reports Recognize Acumatica for its Technology Innovations and Customer-Centered Cloud ERP Solutions
BELLEVUE, Wash.--(BUSINESS WIRE)--Acumatica’s commitment to customer-centric innovation, fueling the evolution of its industry-leading cloud ERP solution, has earned accolades and praises from users and analysts alike. Top review platforms and award programs, including Inc., G2, SourceForge, TrustRadius and Construction Executive, recently recognized the cloud ERP leader for its ongoing commitment to empowering businesses with flexible, scalable solutions that propel growth and deliver measurab
Medical Technology Company Secures $35 Million in Equipment Financing From Wingspire Equipment Finance
TUSTIN, Calif.--(BUSINESS WIRE)--Wingspire Equipment Finance, a prominent large-ticket equipment financing company, has announced a $35 million equipment financing deal with a top sponsor-backed medical technology company. This client aims to transform the filling and finishing process for sterile liquid medicines and vaccines. The financing will enable the purchase of several custom Blow-Fill-Seal (BFS) machines, significantly boosting production capacity. The medical technology company specia
Miller Fair Henry Earns Top-Tier Rankings by Best Law Firms
LONGVIEW, Texas--(BUSINESS WIRE)--Boutique trial firm Miller Fair Henry celebrates the firm’s Tier 1 rankings in the 2025 edition of Best Law Firms, a distinguished legal guide published by The Best Lawyers in America. The firm achieved top-tier recognition for outstanding intellectual property and patent litigation practices in East Texas. This achievement builds on the firm’s strong legacy as part of Ward, Smith & Hill, which recently transitioned to Miller Fair Henry following the conclu
Rosen Law Firm Encourages Stride, Inc. Investors to Inquire About Securities Class Action Investigation – LRN
NEW YORK--(BUSINESS WIRE)--Why: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Stride, Inc. (NYSE: LRN) resulting from allegations that Stride may have issued materially misleading business information to the investing public. So What: If you purchased Stride securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen L
Franklin Limited Duration Income Trust (“FTF” or the “Fund”) Announces Distribution
SAN MATEO, Calif.--(BUSINESS WIRE)--Franklin Limited Duration Income Trust [NYSE American: FTF] today announced a monthly distribution from net investment income of $0.0615 per share, payable on November 29, 2024, to shareholders of record on November 18, 2024 (Ex-Dividend Date: November 18, 2024). The Fund’s Board of Trustees (the “Board”) has authorized a managed distribution plan (the “Plan”) pursuant to which the Fund makes monthly distributions to shareholders at the fixed rate of $0.0615
Sayles Law Firm Recognized as Top Litigation Firm in Dallas-Fort Worth
DALLAS--(BUSINESS WIRE)--Sayles Law Firm is proud to be recognized among the nation’s Best Law Firms with a prestigious Tier 1 ranking for commercial litigation excellence in Dallas-Fort Worth. Founded by renowned trial lawyer Richard A. "Dick" Sayles, the firm also earned accolades in DFW for its success in high-stakes, bet-the-company litigation. To be eligible for Best Law Firms rankings a firm must have at least one attorney recognized by The Best Lawyers in America, which has honored Mr. S
Phenom Skills Day Returns, Providing Practical Guidance for Applying Skills Data to Enhance Hiring and Retention Across All Industries
PHILADELPHIA--(BUSINESS WIRE)-- #HRTech--Phenom Skills Day Returns, Providing Practical Guidance for Applying Skills Data to Enhance Hiring and Retention Across All Industries
AM Best Affirms Credit Ratings of Nationwide Mutual Insurance Company and Its Key Operating Subsidiaries
OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a+” (Excellent) of the members of Nationwide Property and Casualty Group (Nationwide P&C Group). Concurrently, AM Best has affirmed the FSR of A+ (Superior) and the Long-Term ICRs of “aa-” (Superior) of Nationwide Life Insurance Company and its subsidiaries, Nationwide Life and Annuity Insurance Company and Jefferson National L
The Law Offices of Frank L. Branson Again Ranked Among Nation’s Best Law Firms
DALLAS--(BUSINESS WIRE)--The Law Offices of Frank L. Branson remains among notable elite law firms earning repeat recognition as one of the Best Law Firms in the nation, with top-tier honors across multiple specialties in North Texas. The firm received the highest recognition in the Dallas-Fort Worth area for excellence in plaintiff matters involving personal injury litigation, product liability litigation, professional malpractice, medical malpractice and commercial litigation. “We zealously r
Franklin Universal Trust (“FT” or the “Fund”) Announces Distribution
SAN MATEO, Calif.--(BUSINESS WIRE)--Franklin Universal Trust [NYSE: FT] today announced a monthly distribution from net investment income of $0.0425 per share, payable on November 29, 2024, to shareholders of record on November 18, 2024 (Ex-Dividend Date: November 18, 2024). The Fund’s primary investment objective is to provide high, current income consistent with preservation of capital. Its secondary objective is growth of income through dividend increases and capital appreciation. Distributi
Natixis IM Announces Fifth Edition of The Students Challenge
BOSTON--(BUSINESS WIRE)--Natixis Investment Managers announced the launch of its fifth edition of The Students Challenge for students aspiring to build a career in finance.
The NRP Group, Capital Area Housing Finance Corporation Celebrate Grand Opening of Centro35, New Affordable Housing Community in San Marcos, Texas
SAN MARCOS, Texas--(BUSINESS WIRE)--The NRP Group, a vertically integrated, best-in-class developer, builder, and manager of multifamily housing, in partnership with the Capital Area Housing Finance Corporation (CAHFC), today announced the opening of Centro35, a 330-unit affordable housing community in San Marcos, Texas. The development provides high-quality, amenity-rich housing to residents earning up to 60 percent of the Area Median Income (AMI). “San Marcos is at the heart of one of the nat
First Nation Group Pharmaceuticals Division Receives Federal Supply Schedule (FSS) Contract Award
NICEVILLE, Fla.--(BUSINESS WIRE)-- #Announcement--First Nation Group, the premier Service-Disabled Veteran-Owned Small Business, Veteran-Owned Small Business, Women-Owned Small Business, and Small Business distributor of medical-surgical equipment and supplies to the Federal Government, announced today that its Pharmaceuticals Division has been awarded the U.S. Department of Veterans Affairs (VA) Federal Supply Schedule (FSS). This contract underscores First Nation Group’s dedication to improving healthcare ac
Thompson Street Capital Partners Portfolio Company Savillex Acquires Optimum Processing, Inc.
ST. LOUIS--(BUSINESS WIRE)--Thompson Street Capital Partners (TSCP), a private equity firm based in St. Louis, in conjunction with its portfolio company, Savillex, today announced the acquisition of Optimum Processing, Inc. (Optimum Processing). The addition of Optimum Processing, a manufacturer of customized, single-use bioprocessing systems for life science use cases, positions Savillex as a leader in providing innovative fluid handling, filtration, container and containment solutions to glob
Empower Year-over-Year Earnings Surge 35% to New Record, up 12% From Second Quarter
GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--Empower has announced third-quarter earnings achieved as of September 30, 2024, through business growth, higher market returns and sales momentum in its Workplace Solutions and Personal Wealth units. Empower is reporting after-tax base earnings of $264 million, which brings full-year base earnings to $711 million. Third-quarter base earnings are up 35% year-over-year, and up 12% over second quarter 2024. Empower assets under administration rose to $1.8