Lastest from Businesswire
AM Best Downgrades Credit Ratings of Pinnacle Consortium of Higher Education, A Vermont Reciprocal Risk Retention Group
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has downgraded the Financial Strength Rating to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Rating to “a-” (Excellent) from “a” (Excellent) of Pinnacle Consortium of Higher Education, A Vermont Reciprocal Risk Retention Group (Pinnacle) (Colchester, VT). The outlook of these Credit Ratings (ratings) has been revised to negative from stable. The ratings reflect Pinnacle’s balance sheet strength, which AM Best assesses as strong, as we
Jack Nicklaus has Joined Forces with TWG Global to Acquire the Businesses Nicklaus Founded
JUPITER, Fla.--(BUSINESS WIRE)--20 Majors, LLC, an investment group led by Jack Nicklaus, TWG Global and Nicklaus Brown, has completed acquisition of the businesses of Nicklaus Companies, LLC, a premier golf experience company Mr. Nicklaus founded over 50 years ago. The acquisition has reunited Mr. Nicklaus with the images and marks reflecting his extraordinary career, most notably the Golden Bear. It has also brought Mr. Nicklaus’ current design projects into Nicklaus Design, the company throu
CarMax Investigation Initiated: Kahn Swick & Foti, LLC Investigates the Officers and Directors of CarMax, Inc. - KMX
NEW YORK & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into CarMax, Inc. (NYSE: KMX) (“CarMax” or the “Company”).On September 25, 2025, the Company announced its second quarter Fiscal Year 2026 financial results, disclosing, among other things, that retail unit sales had decreased 5.4%, comparable store unit sales had decreased 6.3
Equitable Holdings Investor Alert: Kahn Swick & Foti, LLC Investigates Merger of Equitable Holdings, Inc. - EQH
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed merger of Equitable Holdings, Inc. (NYSE: EQH) and Corebridge Financial, Inc. (NYSE: CRBG). Under the terms of the agreement, each outstanding share of Equitable common stock will be exchanged for the right to receive 1.55516 shares of the new parent company’s common stock, and upon completion of the proposed transact
AM Best Downgrades Credit Ratings of Bell United Insurance Company
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has downgraded the Financial Strength Rating (FSR) to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb+” (Good) from “a-” (Excellent) of Bell United Insurance Company (Bell United) (Reno, NV). The outlook of the Long-Term ICR has been revised to negative from stable, while the outlook of the FSR is stable. The Credit Ratings (ratings) reflect Bell United’s balance sheet strength, which AM Best assesses as very
FranklinCovey Provides Customized Solutions for Healthcare Organizations to Solve Key Issues: Nurse Retention and Patient Satisfaction
SALT LAKE CITY--(BUSINESS WIRE)-- #CNO--FranklinCovey Provides Customized Solutions for Healthcare Organizations to Solve Key Issues: Nurse Retention and Patient Satisfaction
FDATA Welcomes Royal Assent of Bill C-15, Advancing Canada’s Open Banking Framework
WASHINGTON--(BUSINESS WIRE)--The Financial Data and Technology Association (“FDATA”), a trade association representing more than 30 financial technology companies and consumer-permissioned data access platforms, today welcomed the granting of Royal Assent to Bill C-15, a critical step forward in establishing Canada’s consumer-driven banking framework. With Bill C-15 now enacted, Canada formally establishes the legislative foundation for a secure, consumer-permissioned data sharing ecosystem—one
KBRA Assigns Preliminary Ratings to PMT Loan Trust 2026-INV4 (PMTLT 2026-INV4)
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to 72 classes of mortgage-backed notes from PMT Loan Trust 2026-INV4 (PMTLT 2026-INV4), a prime RMBS transaction sponsored by PennyMac Corp. (PennyMac), an indirect, wholly-owned subsidiary of PennyMac Mortgage Investment Trust (PMT). PMTLT 2026-INV4 comprises 1,093 fixed-rate mortgages (FRMs) with an aggregate principal balance of $412.3 million as of the April 1, 2026 cut-off date. The underlying pool consists of agency-eligible loan
AM Best Affirms Credit Ratings of Great-West Lifeco Inc. and Its Subsidiaries
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of “aa” (Superior) of The Canada Life Assurance Company (Canada Life) (Winnipeg, Manitoba) and its affiliates. Concurrently, AM Best has affirmed the Long-Term ICR of “a” (Excellent) and the Long-Term Issue Credit Ratings (Long-Term IRs) of Great-West Lifeco Inc. (Winnipeg, Manitoba). Additionally, AM Best has affirmed the Long-Term I
SBSB Names Tom Jacks as Firm’s Co-Chair of Litigation Department
DALLAS--(BUSINESS WIRE)--Schouest, Bamdas, Soshea & BenMaier PLLC (SBSB) has named partner Tom Jacks as the firm’s co-chair of litigation. In this role, Mr. Jacks will join Houston partner Susan Noe Wilson at the helm of the firm’s formidable litigation team, using his years of experience and leadership to help oversee litigation strategy, client relations and department growth. Mr. Jacks, who joined SBSB in 2024 as managing partner of the firm’s Dallas office, has for more than two decades
OpenArc Surpasses $10 Billion In Client Assets Within Six Months Of Launch
ATLANTA--(BUSINESS WIRE)--OpenArc, a national wealth management and corporate advisory firm integrating corporate benefits plan strategy with individualized financial advice, today announced that it has transitioned more than $10 billion in client assets and opened over 14,000 accounts since launching in late September 2025. “OpenArc’s early results confirm that employers want a higher-touch, fiduciary-driven experience for their most valuable asset - their people,” said Jeff Crowell, a Managin
Mountain Mike’s Pizza Wins FRANdata 2026 TopScore FUND Award
IRVINE, Calif.--(BUSINESS WIRE)--Mountain Mike’s Pizza has been named the 2026 TopScore FUND Award winner in the Food category by FRANdata.
COTY Investors Have Opportunity to Lead Coty Inc. Securities Fraud Lawsuit with the Schall Law Firm
LOS ANGELES--(BUSINESS WIRE)---- $COTY--COTY Investors Have Opportunity to Lead Coty Inc. Securities Fraud Lawsuit with the Schall Law Firm
GoldenTree Asset Management Announces Closing of $703 Million CLO Under GLM Strategy
NEW YORK--(BUSINESS WIRE)--GLM III, LP (“GLM III”) and its affiliated investment manager GoldenTree Asset Management LP (along with other affiliated investment managers “GoldenTree”), announced the closing of a $703 million collateralized loan obligation (“CLO”) to be managed by GLM III. With the closing of this CLO, GoldenTree Loan Management US CLO 28 (“GLM US CLO 28”), GoldenTree has issued 37 CLOs totaling nearly $21 billion under its GLM CLO strategy. Since its inception in January 2017, t
Jopari Solutions Expands Digital Payments Through Partnership with Zelis®
CONCORD, Calif.--(BUSINESS WIRE)--Jopari Solutions, a provider of electronic billing and payment solutions, today announced a partnership with Zelis®, a provider of healthcare technology solutions, to help payers modernize medical provider payments across property and casualty (P&C) insurers. Through the partnership, Jopari is integrating ZAPP Edge℠, Zelis’ provider payments solution that unifies payments, remittance data and insights in one platform. Together, Jopari and Zelis will help pa
The Difference Card Welcomes Sales Leaders Tom Koebel and Adrien Darbouze Jr. to Drive Regional Growth
GREENWICH, Conn.--(BUSINESS WIRE)-- #25yearsofsavings--The Difference Card, a national leader in cost-saving healthcare benefit strategies, today announced the addition of two seasoned sales executives. Tom Koebel and Adrien Darbouze Jr. joined the Revenue Management Team in March. Their combined expertise strengthens the company’s commitment to delivering innovative, cost-effective benefit solutions for employers and broker partners across the United States. Tom Koebel Joins as Southeast Market Director Tom Koebe
Credo and TE Connectivity Reach Settlement in Active Electrical Cable Disputes
SAN JOSE, Calif.--(BUSINESS WIRE)-- #WeConnect--Credo and TE Connectivity reach settlement in Active Electrical Cable disputes.
Tradeweb Announces Date for First Quarter 2026 Financial Results
NEW YORK--(BUSINESS WIRE)--Tradeweb Markets Inc. (Nasdaq: TW), a global leader in electronic trading across asset classes, will release financial results for the first quarter of 2026 on Wednesday, April 29, 2026, at approximately 7:00 AM EDT. In addition, Tradeweb will host a conference call for investors. WHO: Billy Hult, CEO Sara Furber, CFO Ashley Serrao, Head of Treasury, FP&A and IR WHAT: A discussion of financial results for the first quarter of 2026 followed by a question-an
FPA Nominated for 2026 US Morningstar Awards for Investing Excellence, Exemplary Stewardship Award
LOS ANGELES--(BUSINESS WIRE)--FPA is honored to have been nominated for the 2026 US Morningstar Awards for Investing Excellence, Exemplary Stewardship Award.
Blackstone Mortgage Trust Announces First-Quarter 2026 Earnings Release and Conference Call
NEW YORK--(BUSINESS WIRE)--Blackstone Mortgage Trust, Inc. (NYSE: BXMT) (the “Company”) today announced that it will publish its first-quarter 2026 earnings presentation on its website at www.bxmt.com and file its Form 10-Q pre-market on Wednesday, April 29, 2026. The Company will also host a conference call the same day at 9:00 a.m. ET to review results. To register for the webcast, please use the following link: https://event.webcasts.com/starthere.jsp?ei=1757309&tp_key=05eb0b62eb For tho

