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OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--Net income for the U.S. life/annuity (L/A) insurance industry increased by 7.1% in the first half of 2024 over the same prior-year period to $14.1 billion, driven largely by lower realized capital losses, according to a new AM Best report. This financial review is detailed in a new Best’s Special Report, titled, “First Look: Six-Month 2024 US Life/Annuity Financial Results,” and the data is derived from companies’ six-month 2024 interim statutory statements that

FRISCO, Texas--(BUSINESS WIRE)-- #GBS--A new study by Zinnov and ProHance underscores the need for GBS leaders to implement robust productivity frameworks for organizational success.

RADNOR, Pa.--(BUSINESS WIRE)--Marinus Pharmaceuticals, Inc. (Nasdaq: MRNS), a pharmaceutical company dedicated to the development of innovative therapeutics to treat seizure disorders, today is hosting an Investor and Analyst Day and will present an in-depth review of the Company’s development program for ZTALMY® (ganaxolone) oral suspension CV in tuberous sclerosis complex (TSC) ahead of the Phase 3 TrustTSC trial topline data readout anticipated in the first half of the fourth quarter of 2024

TYSONS CORNER, Va.--(BUSINESS WIRE)--MicroStrategy® Incorporated (Nasdaq: MSTR) (“MicroStrategy”) today announced that, on September 19, 2024, it completed its previously announced offering of 0.625% convertible senior notes due 2028 (the “notes”). The aggregate principal amount of the notes sold in the offering was $1.01 billion, which includes $135 million aggregate principal amount of notes issued pursuant to an option to purchase, within a 13-day period beginning on, and including, the date

SAN FRANCISCO--(BUSINESS WIRE)--Hummingbird, a leading provider of financial crime risk management solutions, today announced the acquisition of LogicLoop, a pioneer in no-code data integration and automation. The acquisition marks a significant step forward in Hummingbird’s mission to become the core operating platform for financial crime fighters, empowering financial institutions to unify, explore, and act on their risk and compliance data. Data fragmentation continues to be the top challeng

SAN FRANCISCO--(BUSINESS WIRE)--Vantage Discovery today announced the launch of its inaugural app on Salesforce Commerce Cloud at Dreamforce 2024. This solution enables Commerce Cloud customers to seamlessly upgrade from keyword-based search to advanced semantic search, better understanding shopper intent to improve conversion rates and increase average order values (AOVs). Vantage Discovery achieves this by bringing Pinterest-like discovery capabilities to all retailers, enhancing their online

DALLAS--(BUSINESS WIRE)--MNC Capital Partners, L.P. (“MNC”) announced today that it is not withdrawing, and does not intend to reduce, its $43 per share all-cash offer for Vista Outdoor Inc. (NYSE: VSTO). MNC is committed to re-engaging with Vista on the acquisition of the entire company. MNC also said that the private equity firm that has been part of its efforts to acquire all of Vista (“PE Firm") is still committed to acquiring Revelyst in any MNC transaction supported by Vista in the future

PROVIDENCE, R.I.--(BUSINESS WIRE)--Citizens Financial Group, Inc. (NYSE: CFG) today announced the appointment of Claude E. Wade to the company’s Board of Directors, effective March 1, 2025. Wade’s appointment will temporarily expand the Citizens Board to 14 directors. He will serve on the Board’s Risk Committee. Wade, who has over 30 years of operational, strategy and innovation roles, primarily with Fortune 100 companies, serves as executive vice president, Chief Digital Officer and Global Hea

NEW YORK & LONDON--(BUSINESS WIRE)--An affiliate of Stellex Capital Management (“Stellex”), a middle-market private equity firm, is pleased to announce the execution and completion of a definitive agreement to acquire the majority capital of Fox Brothers Holdings Group (the “Company”) from existing shareholders and managers. Based in Lancashire, United Kingdom, the Company, now in its fourth generation of family leadership, has been in operation since 1932, providing services to the constructio

AMSTERDAM--(BUSINESS WIRE)--Sling Money, the app that puts instant global money transfers in the palm of your hand, today launched a new in-app feature that enables users to load, send, and receive stablecoins in Sling to and from other wallets or exchanges. Sling Money users can already convert fiat money from regulated banking and payments partners into their Sling Wallet and send those funds to other people or accounts in any of the 70+ countries where Sling has payment integrations. With th

NEW YORK--(BUSINESS WIRE)--Politan Capital Management (together with its affiliates, “Politan”), a 9% shareholder of Masimo Corporation (“Masimo” or the “Company”) (NASDAQ: MASI), today commented on the outcome of the Company’s Annual Meeting of Stockholders (the “Annual Meeting”). Both of Politan’s independent nominees – Darlene Solomon and William Jellison – were elected to the Board.1 Politan greatly appreciates the support and engagement from its fellow Masimo shareholders during this proce

NEW YORK--(BUSINESS WIRE)---- $k #andrewcohen--Marcus & Millichap’s IPA Capital Markets Arranges $75 Million Financing for Midtown Manhattan Office-to-Residential Conversion Project

CHICAGO--(BUSINESS WIRE)--The Board of Directors of DTF Tax-Free Income 2028 Term Fund Inc. (NYSE: DTF) (the “Fund”), a closed-end fund advised by Duff & Phelps Investment Management Co., today authorized the payment of dividends on the Fund’s common stock as follows: Cents Per Share Ex-Dividend Date Record Date Payable Date 3.25 October 15, 2024 October 15, 2024 October 31, 2024 3.25 November 15, 2024 November 15, 2024 November 29, 2024 3.25 December 16, 2024 December 16, 2024 December 31,

CHICAGO--(BUSINESS WIRE)--The Board of Directors of DNP Select Income Fund Inc. (NYSE: DNP), a closed-end fund advised by Duff & Phelps Investment Management Co., today authorized the payment of dividends on its common stock as follows: Cents Per Share Ex-Dividend Date Record Date Payable Date 6.5 October 31, 2024 October 31, 2024 November 12, 2024 6.5 November 29, 2024 November 29, 2024 December 10, 2024 6.5 December 31, 2024 December 31, 2024 January 10, 2025 The Fund adopted a Managed Di

OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a” (Excellent) of the operating subsidiaries of Essent Group Ltd., which are Essent Guaranty, Inc., Essent Guaranty of PA, Inc. (both domiciled in Radnor, PA) and Essent Reinsurance Ltd. (Hamilton, Bermuda) (collectively referred to as Essent). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Essent’s balance sheet strength,

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to seven classes of mortgage-backed notes from OBX 2024-NQM14 Trust, a $600.9 million non-prime RMBS transaction. The underlying collateral, comprising 1,064 residential mortgages, is characterized by a notable concentration of alternative income documentation (88.9%) loans. Most of the loans are classified as non-qualified mortgages (Non-QM) (54.4%) or exempt (44.3%) from the Ability-to-Repay/Qualified Mortgage (ATR/QM) rule due to be

OLDWICK, N.J.--(BUSINESS WIRE)--Video playback is now available for AM Best’s complimentary webinar, titled, “Inside Today’s Surplus Lines Market,” sponsored by the WSIA Education Foundation. Access it here. In this session, a panel of industry leaders in the surplus lines sector of the U.S. insurance market reviews the market and highlights of a new report. Panelists include: Brady Kelley, chief executive officer and president, WSIA Brenda (Ballard) Austenfeld, chief executive officer and pres

NEW YORK--(BUSINESS WIRE)--The Board of Directors (the “Board”) of The Korea Fund, Inc. (the “Fund”) (NYSE: KF) today announced the final results of its tender offer. As previously announced, the Fund conducted a tender offer to purchase for cash up to 12.5% of its issued and outstanding common stock, at a price equal to 98.5% of its net asset value (“NAV”) per share determined on the expiration date. The Fund’s tender offer, which expired at 5:00 p.m. New York City time, on Monday, September 1

BALTIMORE--(BUSINESS WIRE)--Sinclair, Inc. (Nasdaq: SBGI), the "Company," today announced that it is increasing its advertising guidance for the third quarter 2024 to account for stronger-than-expected political revenues. The Company’s updated expectation for third quarter political advertising revenue is approximately $140 million to $145 million, up from the previously announced forecast range of $113 million to $128 million. Expectations for Local Media segment third quarter core advertising

NEW YORK--(BUSINESS WIRE)--Macy’s, Inc. Gears Up to Hire for More Than 31,500 Seasonal Positions to Deliver Joyful Holiday Shopping Experiences