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KBRA Private Credit: Q3 2024 Middle Market Borrower Surveillance Compendium – The End Is Near?
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--In KBRA’s Q3 middle market (MM) surveillance compendium, we examine how revenue and profitability growth are continuing to help an increasing population of borrowers strengthen their financial position, despite higher interest costs. From the early read of the data, we aim to examine how private credit borrowers might be positioned as interest rates decline in coming months. In KBRA’s view, while there are exceptions, we conclude that most of our portfolio of sponsore
ATSG Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Air Transport Services Group, Inc. Is Fair to Shareholders
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Air Transport Services Group, Inc. (NASDAQ: ATSG) to Stonepeak for $22.50 per share in cash is fair to Air Transport shareholders. Halper Sadeh encourages Air Transport shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com. The investigation concerns w
Popular, Inc. Declares Dividend on Preferred Stock and Announces Distribution on Trust Preferred Securities
SAN JUAN, Puerto Rico--(BUSINESS WIRE)--Popular, Inc. (NASDAQ: BPOP) announced today that it has declared the following monthly cash dividend on its outstanding shares of Non-Cumulative Monthly Income Preferred Stock: a monthly cash dividend of $0.132813 per share of 6.375% Non-Cumulative Monthly Income Preferred Stock, 2003 Series A, payable on December 2, 2024 to holders of record as of November 15, 2024. The Corporation also announced the following monthly distribution on its outstanding Tru
Crawford & Company Board Declares Dividends
ATLANTA--(BUSINESS WIRE)--Crawford & Company® (NYSE: CRD-A and CRD-B) is pleased to announce that on October 31, 2024, at its regular quarterly meeting, the Board of Directors declared a quarterly dividend of $0.07 per share on the Class A Common Stock and $0.07 per share on the Class B Common Stock, payable on December 6, 2024, to shareholders of record as of the close of business on November 19, 2024. About Crawford® Based in Atlanta, Crawford & Company (NYSE: CRD‐A and CRD‐B) is a le
Core Spaces Announces New Executive Leadership Amid Continued Growth and Innovation
CHICAGO--(BUSINESS WIRE)--Core Spaces ("Core"), a leading vertically integrated real estate investment manager, developer and operator today announced several key appointments to its executive team, reflecting the company’s ongoing growth and commitment to driving innovation in the student housing and build-to-rent (BTR) sectors. This enhanced leadership includes internal promotions and strategic external hires, strengthening Core’s foundation to advance its property management, institutional i
Armanino Receives 2024 MOVE Project Award for Best Firm for Women and Equity Leadership
SAN RAMON, Calif.--(BUSINESS WIRE)-- #accounting--Armanino earns recognition as a "Best Firm for Women" and "Equity Leadership" in the 2024 MOVE Project Award.
UKG Empowers Hawaiian Airlines’ Frontline Workforce With Mobile-First HR Technology
LOWELL, Mass. & WESTON, Fla.--(BUSINESS WIRE)-- #HCM--UKG is helping Hawaiian Airlines leverage the mobile-first UKG Pro® suite to give its on-the-move workforce anytime access to HR information.
MassMutual Policyowners to Benefit from $2.5 Billion Record Dividend in 2025
SPRINGFIELD, Mass.--(BUSINESS WIRE)-- #livemutual--Massachusetts Mutual Life Insurance Company (MassMutual) has announced that 2025 will mark the 157th consecutive year that the company will pay an annual dividend to its eligible participating policyowners. The total estimated payout will be more than $2.5 billion, the largest in MassMutual’s history. The dividend interest rate (DIR)1 has increased to 6.40%. “Our 2025 record dividend payout reflects our unwavering commitment to delivering consistently strong
Grant Thornton survey: Employee burnout continues to surge as mental and emotional stress mount
CHICAGO--(BUSINESS WIRE)--Grant Thornton, one of America’s largest brands of professionals providing end-to-end audit, assurance, tax and advisory services, has released a survey exploring the latest trends in employee attitudes, desires and concerns. The firm’s 2024 State of Work in America survey engaged 1,500 full-time employees of U.S. companies and revealed the growing mental and emotional toll that economic and global factors have had on workers. Fifty-one percent of survey respondents ha
USPTO Rejects Third-Party Challenge and Confirms Patentability of CellTrust Patent Claims
SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- #CFTC--CellTrust today announced that the company was victorious in the third-party challenge in front of the U.S. Patent and Trademark Office (“the USPTO”) for claims of U.S. Patent No. 9,775,012 (“the ’012 Patent”) and claims of U.S. Patent No. 10,778,837 (“the ’837 Patent”) and has received Ex Parte Reexamination Certificates from the USPTO. The USPTO rejected the third-party’s challenge to the original patent claims, which remain the subject of other ongoing lit
Stonepeak Acquires 1.8 Million Square Foot Logistics Portfolio in Jacksonville, Florida
NEW YORK--(BUSINESS WIRE)--Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, today announced the acquisition of nine logistics assets totaling 1.8 million square feet in Jacksonville, Florida. The assets are strategically located near the Port of Jacksonville, which lifts 1.3 million TEUs annually and is investing more than $1 billion over the next five years to improve access and utilization of this critical transport infrastructure. Jacksonville’
ScienceLogic® Named to the Prestigious 2024 CRN Edge Computing 100
RESTON, Va.--(BUSINESS WIRE)--ScienceLogic®, a leader in automated IT operations and observability, announced today that it has been recognized by CRN®, a brand of The Channel Company, on the 2024 Edge Computing 100 list for the Edge Hardware, Software and Services category. The 2024 CRN Edge Computing 100 list recognizes stand-out technology vendors that empower channel partners with the technology they need to build next-generation edge solutions that support faster data analytics and stronge
Aeronix Technologies Group Announces Strategic Investment by Tinicum
NEW YORK--(BUSINESS WIRE)--Aeronix Technologies Group (“ATG”) announced today that Tinicum, L.P. and its affiliated funds (“Tinicum”) had acquired a controlling interest in ATG from ShoreView Industries (“ShoreView”). Both ATG employee shareholders and ShoreView will retain a significant interest in the company going forward. Headquartered in Melbourne, FL, ATG is a supplier of high-reliability defense electronics supporting the secure, high-speed transmission, storage, and processing of data f
Houlihan Lokey Further Expands Its Software Coverage Capabilities With Senior Hire
NEW YORK--(BUSINESS WIRE)--Nana Kyei has joined Houlihan Lokey's Technology Group as a Managing Director in New York. He will cover EdTech within the firms' software practice.
EP Wealth Advisors Announces Acquisition of Gather Financial Planning and Riley Private Client, LLC
TORRANCE, Calif.--(BUSINESS WIRE)--EP Wealth Advisors (“EP Wealth”), a leading fee-only registered investment adviser (“RIA”) with an expanding national footprint and client base, has announced the acquisition of Gather Financial Planning (“Gather Financial”) in Maine and Riley Private Client, LLC in Texas. These new firms, which join existing EP regions, will gain access to EP Wealth’s expansive offerings and growth strategies while adding over $240 million to EP Wealth’s assets under manageme
Emily Dawkins Named as Florida President of Ameris Bank
ATLANTA--(BUSINESS WIRE)--Ameris Bank announced today that Emily Dawkins has joined the company as Florida president of Ameris Bank. In this role, Dawkins will be responsible for the continued development and expansion of Ameris Bank’s presence throughout Florida, while also accelerating the bank’s commitment to commercial and individual customers through its expansive commercial lending, treasury and traditional banking offerings. Dawkins replaces Brian Parks, who has been promoted to head of
Mill Point Capital Completes Acquisition of AeriTek Global LLC
KENNESAW, Ga.--(BUSINESS WIRE)--An affiliate of Mill Point Capital LLC ("Mill Point Capital"), a New York City-based private equity firm, announced today the completion of its previously announced acquisition of the commercial refrigeration and foodservice equipment businesses of Fomento Económico Mexicano, S.A.B. de C.V. (NYSE: FMX) (“FEMSA”), doing business as Imbera and Torrey (collectively AeriTek Global LLC, “AeriTek” or the “Company”), in a single corporate carve-out transaction. The succ
Transmit Security Places in Fortune’s 2025 Cyber 60
BOSTON--(BUSINESS WIRE)--Transmit Security, the first to unify identity security and fraud prevention in a single platform, is proud to be selected as a leading innovator in the Fortune Cyber 60, presented by Lightspeed. The Cyber 60 is a prestigious list of the most important venture-backed cybersecurity startups that address today’s increasing threat complexity and the expanding attack surface introduced by AI. Recognized for its impressive growth since its record-setting Series A in 2021, Tr
Trex Company Announces November & December 2024 Investor Conference Schedule
WINCHESTER, Va.--(BUSINESS WIRE)--Trex Company, Inc. (NYSE:TREX), the world’s largest manufacturer of wood-alternative decking and railing, and a leader in high-performance, low-maintenance outdoor living products, today announced its participation in the following investor conferences: Baird 2024 Global Industrial Conference Location: Chicago, IL Date: Tuesday, November 12th Fireside Chat: 1:10 PM CDT Trex Management: Bryan Fairbanks – President and Chief Executive Officer Bret Martz – G
Shareholder Alert: Ademi LLP investigates whether Air Transport Services Group, Inc. is obtaining a Fair Price for its Public Shareholders
MILWAUKEE--(BUSINESS WIRE)--Ademi LLP is investigating ATSG (NASDAQ: ATSG) for possible breaches of fiduciary duty and other violations of law in its transaction with Stonepeak. Click here to learn how to join our investigation or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you. Under the agreement, stockholders of ATSG will receive only $22.50 per share, with an enterprise valuation of approximately $3.1 billion. The transaction agreement unreasonably limits co