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AM Best Takes Various Credit Rating Actions on Elevance Health, Inc. and Most of Its Subsidiaries

Lastest from Businesswire - Fri, 12/12/2025 - 12:20
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of “a+” (Excellent) of the core Blue Cross Blue Shield (BCBS)-branded insurance subsidiaries of Elevance Health, Inc. (Elevance) (Indianapolis, IN) [NYSE: ELV], as well as most of its non-Blue-branded subsidiaries. In addition, AM Best has upgraded the FSR to A (Excellent) from A- (Excellent) and the Long-Term ICR to “a+” (Excellent)

D.A. Davidson Acts as Exclusive Financial Advisor to Alamo Group on its Purchase of Petersen Industries

Lastest from Businesswire - Fri, 12/12/2025 - 12:20
CHICAGO--(BUSINESS WIRE)--D.A. Davidson & Co. announced today that it served as exclusive financial advisor to Alamo Group Inc. (“Alamo”) on its purchase of Petersen Industries, Inc. (“Petersen”). Alamo is a leading global manufacturer of high-quality industrial and vegetation management equipment. Petersen is an innovative manufacturer of truck-mounted grapple loader equipment. Petersen provides high-quality grapple truck loaders to governmental end-customers for the handling of bulky wast

PPG included in Wall Street Journal’s Best-Managed Companies list for second consecutive year

Lastest from Businesswire - Fri, 12/12/2025 - 12:20
PITTSBURGH--(BUSINESS WIRE)--PPG (NYSE:PPG) today announced its inclusion in the Wall Street Journal’s 250 Best-Managed Companies list for the second consecutive year. This annual list evaluates companies across five key dimensions: customer satisfaction, employee engagement and development, innovation, social responsibility, and financial strength. PPG earned a place among the top-scoring organizations for its commitment to disciplined innovation, stakeholder engagement and responsible managem

Best’s Special Report: U.S. Life/Annuity Industry Records 13.8% Net Income Increase in Nine-Month 2025 Period

Lastest from Businesswire - Fri, 12/12/2025 - 12:20
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--The U.S. life/annuity industry reported a 13.8% increase in net income during the first nine months of 2025 compared with the same prior-year period, driven in part by an 8.1% increase in net investment income, according to a new AM Best report. This financial review is detailed in a new Best’s Special Report, “First Look: Nine-Month 2025 Life/Annuity Financial Results,” and the data is derived from companies’ nine-month 2025 interim statutory statements that wer

Anabranch Capital Management, LP supports relisting of SmartCraft ASA to Nasdaq Stockholm

Lastest from Businesswire - Fri, 12/12/2025 - 12:20
STAMFORD, Conn.--(BUSINESS WIRE)--Reference is made to the stock exchange announcement by SmartCraft ASA ("SmartCraft" or the "Company") on 1 December 2025 regarding the contemplated relisting of SmartCraft from Euronext Oslo Børs to Nasdaq Stockholm (the "Relisting") and the announcement of a cross-border merger to effect the Relisting. Funds managed by Anabranch Capital Management, LP (“Anabranch”) intend to vote in favour of the merger plan resolved by the boards of SmartCraft and its Swedis

Simplify Provides Estimated Capital Gain Distribution Information for 2025

Lastest from Businesswire - Fri, 12/12/2025 - 12:20
NEW YORK--(BUSINESS WIRE)--Simplify Asset Management announces that it expects to deliver capital gains distributions across ten ETFs.

Shelf Awareness Announces the Best Kids Books of 2025

Lastest from Businesswire - Fri, 12/12/2025 - 12:20
SEATTLE--(BUSINESS WIRE)--Shelf Awareness, the trusted publication of the indie bookselling community, proudly announces their Best Kids Books of 2025 chosen from more than 250 titles reviewed this year. This list of picture books, middle grade, and YA titles reflects the newsletter's pride in championing commendable creators, highlighting books with striking prose, distinctive premises, captivating author voices, and extraordinary artwork. With more than half a million subscribers that include

Incubeta Appoints Amy Crowther as President of Americas

Lastest from Businesswire - Fri, 12/12/2025 - 12:20
NEW YORK--(BUSINESS WIRE)--Incubeta, a global leader in digital marketing, today announced the appointment of Amy Crowther as President, Americas, formally initiating the leadership transition that will position her to become the Americas CEO in 2026. Her appointment comes as Incubeta continues to deliver strong performance and advance the strategic acquisition of RocketSource, sharpening the company’s focus on AI-driven marketing and helping brands outperform. Crowther, previously Chief Client

Wolters Kluwer executive, Cathy Rowe, named to Accounting Today’s 2025 Top 100 Most Influential People in Accounting

Lastest from Businesswire - Fri, 12/12/2025 - 12:20
MINNEAPOLIS--(BUSINESS WIRE)--Wolters Kluwer Tax and Accounting (TAA) is proud to announce that Cathy Rowe, Senior Vice President and Segment Leader, U.S. Professional Market, has been named to Accounting Today’s 2025 “Top 100 Most Influential People in Accounting” list for the second consecutive year. The 2025 Top 100 celebrates a dynamic group of professionals who are driving transformation across the accounting landscape. This year’s honorees include firm leaders, educators, technology pione

Udemy Introduces New Instructor Innovations at Semiannual Front Row Event

Lastest from Businesswire - Fri, 12/12/2025 - 12:20
SAN FRANCISCO--(BUSINESS WIRE)--Udemy (Nasdaq: UDMY), a global AI-powered skills acceleration platform, today unveiled a suite of new instructor-focused offerings, reinforcing the essential role of human expertise in an era reshaped by artificial intelligence. The announcements were made at the company’s semiannual Front Row event, which brings together more than 5,000 global Udemy instructors to share company strategy, and come as the world undergoes one of the fastest skill transformations in

Company Surprises 1,600 People with Life-Changing Surgeries in Kenya

Lastest from Businesswire - Fri, 12/12/2025 - 09:20
TORONTO & NEW YORK--(BUSINESS WIRE)--Over 15 years since first traveling to rural Kenya to help build Baraka Hospital, Klick Health went back to partner with the hospital and local healthcare professionals in helping provide access to 1,600 life-changing surgeries for people across the country’s Mara region. The partnership is the focus of the company’s just-released ‘Many Hands,’ holiday video, a story about the power of community. Filmed on location with soundtrack by acclaimed Nairobi-based

MADUP, Backed by $23M, Poised to Innovate AI Marketing Through Global Expansion

Lastest from Businesswire - Fri, 12/12/2025 - 09:20
SEOUL, South Korea--(BUSINESS WIRE)-- #AI--MADUP accelerates global expansion of its AI marketing agent LEVER Xpert, backed by $23M funding, AIIA program, and a planned KOSDAQ listing.

NYLI CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Declares Monthly Distributions for December 2025, January and February 2026 and Availability of 19(a) Notice

Lastest from Businesswire - Fri, 12/12/2025 - 09:20
NEW YORK--(BUSINESS WIRE)--NYLI CBRE Global Infrastructure Megatrends Term Fund (the "Fund") (NYSE: MEGI) today declared three distributions of $0.1250 per common share for the months of December 2025 and January and February 2026. The Fund’s current annualized distribution rate is 11.10% based upon the closing price of $13.51 on December 10, 2025, and 9.89% based upon the Fund’s closing NAV of $15.16 as of the same date. Dividend Distribution Schedule:   Ex-Dividend Date Record Date Payable Da

PitchBook Releases 2026 Outlook Reports Showcasing Key Trends Shaping Global Private Markets

Lastest from Businesswire - Fri, 12/12/2025 - 09:20
SEATTLE--(BUSINESS WIRE)--PitchBook, the leading private capital market intelligence provider, has released its 2026 Outlook report series, offering a data-driven view of the investment trends expected to shape private markets in the year ahead. The seven reports reflect the collective expertise of PitchBook’s global research team and span venture capital, private equity, AI, emerging technology verticals, and established industries. After several years of constrained liquidity and uneven deal

RGP CFO Survey Shows Growing Divide Between AI Ambition and AI Readiness

Lastest from Businesswire - Fri, 12/12/2025 - 09:20
DALLAS--(BUSINESS WIRE)-- #AI--RGP® (Nasdaq: RGP), a global professional services firm, today released its latest flagship study, The AI Foundational Divide: From Ambition to Readiness, a comprehensive report examining the widening gap between soaring AI expectations and the operational readiness required to realize measurable value. The findings reveal a finance landscape that is racing toward an AI-powered future, yet constrained by fragile data foundations, legacy systems, slow-maturing governance

Rutherford Energy Ventures to Partner With ORNL and DOE on Consortia to Commercialize Fusion Technology

Lastest from Businesswire - Fri, 12/12/2025 - 09:20
CAMBRIDGE, Mass.--(BUSINESS WIRE)-- #EnergyDominance--Rutherford Energy Ventures (REV) and the U.S. Department of Energy (DOE) are collaborating to pilot an innovative public-private partnership framework designed to accelerate the development of critical infrastructure and enabling technologies required for commercial fusion power. The pilot will establish FULCRA (Fusion Upscaled Leveraged Consortia for Rapid Acceleration), with Oak Ridge National Laboratory (ORNL) serving as the site for an initial pilot progra

Schwab Reports Monthly Activity Highlights

Lastest from Businesswire - Fri, 12/12/2025 - 09:20
WESTLAKE, Texas--(BUSINESS WIRE)--The Charles Schwab Corporation released its Monthly Activity Report for the month of November 2025.

Broadwood Partners: Leading Proxy Advisory Firm Glass Lewis Reaffirms Recommendation “AGAINST” STAAR Surgical Sale to Alcon

Lastest from Businesswire - Fri, 12/12/2025 - 09:20
NEW YORK--(BUSINESS WIRE)--Broadwood Partners, L.P. and its affiliates (“Broadwood” or “we”) today announced that Glass, Lewis & Co., LLC (“Glass Lewis”), a leading independent proxy advisory firm, has reaffirmed its recommendation that shareholders of STAAR Surgical Company (“STAAR” or the “Company”) (NASDAQ: STAA) should vote “AGAINST” the proposed acquisition of STAAR by Alcon Inc. (“Alcon”) (NYSE: ALC). Glass Lewis concluded in its report that “we do not believe there exists persuasive

Best’s Special Report: U.S. Property/Casualty Industry Sees Significantly Improved Underwriting Gain in First Nine Months of 2025

Lastest from Businesswire - Fri, 12/12/2025 - 09:20
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--The U.S. property/casualty (P/C) industry recorded a $35 billion net underwriting gain in the first nine months of 2025, a significant improvement from the nearly $4 billion gain recorded in the same prior-year period, according to a new AM Best report. These preliminary results are detailed in a new Best’s Special Report, titled, “First Look: Nine-Month 2025 US Property/Casualty Financial Results,” and the data is derived from companies whose nine-month interim

Tharimmune, Inc. Appoints Jacob Asbury as Chief Financial Officer to Advance Canton Coin Treasury Strategy

Lastest from Businesswire - Fri, 12/12/2025 - 09:20
NEW YORK--(BUSINESS WIRE)--Tharimmune, Inc. (NASDAQ: THAR) (“Tharimmune” or the “Company”), the first publicly traded company to leverage Canton Coin (“CC”) to support the Canton Network’s ability to digitize traditional financial markets, today announced the appointment of seasoned financial executive Jacob Asbury as Chief Financial Officer, effective immediately. In this role, he will oversee all financial strategy and operations, including capital planning, treasury management, financial rep

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