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KBRA Releases Research – CMBS Loan Performance Trends: February 2025
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA releases a report on U.S. commercial mortgage-backed securities (CMBS) loan performance trends observed in the February 2025 servicer reporting period. The delinquency rate among KBRA-rated U.S. private label CMBS in February decreased 16 basis points (bps) to 6.61% from 6.77% in January. The total delinquent plus current but specially serviced loan rate (collectively, the distress rate) decreased 14 bps to 9.53%. However, the multifamily delinquency rate jumped
Lawsuit: Illegal Dumping Endangers Affordable Housing Development in Denton
DALLAS--(BUSINESS WIRE)--Trial attorneys at Rogge Dunn Group have filed a lawsuit in Denton County on behalf of a local, family-owned development company whose planned apartment development is being thwarted by what it describes as an illegal dumping operation. The lawsuit alleges that commercial engineering and construction company Mountain Cascade of Texas LLC dumped tons of tainted soil without permission on a 10-acre tract of land that Dallas-based MADII LP acquired possession of in 2023 to
Wingspire Equipment Finance Expands Partnership with Global IT Managed Service Provider With $30 Million Capital Lease
TUSTIN, Calif.--(BUSINESS WIRE)--Wingspire Equipment Finance has strengthened its seven-year relationship with a leading IT managed service provider (MSP) by providing a $30 million capital lease. This latest transaction is part of a broader financial partnership, bringing total funding to over $100 million. Since first partnering with the MSP seven years ago, Wingspire Equipment Finance has played a pivotal role in the company's financial strategy. As a trusted financial partner, Wingspire Equ
U.S. Bankruptcy Court Finds Riju Ravindran, Camshaft Capital, and Think & Learn Responsible for Defrauding BYJU’s Alpha and Its Lenders
NEW YORK--(BUSINESS WIRE)--The steering committee of the ad hoc group of term loan lenders (the “Lenders”) of the $1.5 billion Term Loan B (the “Term Loans”) provided to BYJU’S Alpha, Inc. (“BYJU’s Alpha”), a Delaware special purpose financing vehicle established by BYJU’S to receive proceeds of the Term Loans, today announced that the Honorable Judge John T. Dorsey of the United States Bankruptcy Court for the District of Delaware (the “Court”) issued an order granting summary judgment (the “O
DigitalBridge to Participate in Upcoming Investor and Industry Conferences in March 2025
BOCA RATON, Fla.--(BUSINESS WIRE)--DigitalBridge Group, Inc. (“DigitalBridge” or the “Company”) (NYSE: DBRG), a leading global alternative asset manager dedicated to investing in digital infrastructure, today announced senior executives from DigitalBridge will participate in the following upcoming investor and industry events: March 2-5: Citi’s 30th Annual Global Property CEO Conference – Hollywood, Florida Marc Ganzi, Chief Executive Officer of DigitalBridge, will deliver a fireside chat prese
Union Credit to Deliver Credit Union Offers in the Experian App
SANTA ROSA, Calif.--(BUSINESS WIRE)--Union Credit announced today that pre-approved offers from its more than 50 credit union partners are now presented in Experian’s mobile app.
CoStar Group Completes Acquisition of Matterport, Ushering in a New Era of 3D Digital Twins and AI-Powered Real Estate Innovation
ARLINGTON, Va.--(BUSINESS WIRE)--CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information, and analytics in the property markets, announced today the successful completion of its previously announced acquisition of Matterport, Inc. (NASDAQ: MTTR), the global leader in 3D digital twin technology. This powerful combination brings together two industry pioneers to accelerate the adoption of AI-driven digital twin technology across the global real estate
Haversine Funding Appoints Gen Merritt-Parikh as Co-CEO to Drive Growth and Expansion
DALLAS--(BUSINESS WIRE)--Haversine Funding, a leading provider of specialty finance solutions, is pleased to announce the promotion of Gen Merritt-Parikh, the company's current president, to the position of Co-Chief Executive Officer (Co-CEO), effective February 21, 2025. Merritt-Parikh, who has been instrumental in shaping the company’s strategic direction as president, will now work alongside founder & Co-CEO Stan Vukmer to drive Haversine’s continued growth and innovation in the commerci
American Financial Group, Inc. Announces Special Dividend and Share Repurchases
CINCINNATI--(BUSINESS WIRE)--American Financial Group, Inc. (NYSE: AFG) announced today that its Board of Directors has declared a special cash dividend of $2.00 per share of American Financial Group common stock. The dividend is payable on March 28, 2025, to shareholders of record on March 17, 2025. The aggregate amount of this special dividend will be approximately $170 million. This special dividend is in addition to the Company’s regular quarterly cash dividend of $0.80 per share most recen
Pioneer Closed-End Funds Required Notice to Shareholders Sources of Distribution Under Section 19(a)
BOSTON--(BUSINESS WIRE)--The following closed-end funds reported sources of distribution for February and this fiscal year to date. Distribution Period: February 2025 Ticker Taxable Fund Distribution Amount Per Share PHD Pioneer Floating Rate Fund, Inc. $0.0750 Ticker Tax-Exempt Funds Distribution Amount Per Share MAV Pioneer Municipal High Income Advantage Fund, Inc. $0.0325 MHI Pioneer Municipal High Income Fund, Inc. $0.0350 MIO Pioneer Municipal High Income Opportunities Fund, Inc. $0
New York Life Investments Announces Changes to ETF Lineup
NEW YORK--(BUSINESS WIRE)--New York Life Investments today announced plans to liquidate the NYLI Cleaner Transport ETF (CLNR) and the NYLI Clean Oceans ETF (OCEN) (the “Funds”). The Funds will cease trading and no longer accept creation or redemption orders after market close on April 9, 2025. Proceeds of the liquidation are expected to be sent to shareholders on or about April 16, 2025. About New York Life Investments With over $739 billion in assets under management as of December 31, 2024, N
At HIMSS 2025, athenahealth Highlights AI Investments, Interoperability Leadership, and Leading Market Solutions, All Purpose-Built for Ambulatory Care
BOSTON--(BUSINESS WIRE)--athenahealth, a leading provider of network-enabled software and services for healthcare practices nationwide, will be at HIMSS, taking place March 3-6, to demonstrate how the company is simplifying the practice of care through its open ecosystem approach, deep investments in technology, and integrated partnership models. athenahealth will be anchored at booth 3432 in the expo hall, and representatives from across the company will share their perspectives on key industr
ISG Names Samuel L. Molinaro Jr. to Board of Directors
STAMFORD, Conn.--(BUSINESS WIRE)---- $III #Appointment--Information Services Group (ISG) (Nasdaq: III) has named Samuel L. Molinaro Jr., a senior financial services executive, to its board of directors.
Civitas Resources, Inc. (CIVI) Investors Who Lost Money – Contact Law Offices of Howard G. Smith About Securities Fraud Investigation
BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Civitas Resources, Inc. (“Civitas” or the “Company”) (NYSE: CIVI) investors concerning the Company’s possible violations of federal securities laws. IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN CIVITAS RESOURCES, INC. (CIVI), CONTACT THE LAW OFFICES OF HOWARD G. SMITH ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS. Contact the Law Offices of Howard G. Smith to discuss your legal right
Saxton & Stump Expands Into York With the Addition of Iconic Firm Stock & Leader
YORK, Pa.--(BUSINESS WIRE)-- #EducationLaw--Saxton & Stump expands into York with the addition of iconic firm Stock & Leader
Amex GBT Receives Credit Rating Upgrade; S&P Global Ratings Upgrades the Company to BB-
NEW YORK--(BUSINESS WIRE)--American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSE: GBTG) (“Amex GBT” or the “Company”), a leading software and services company for travel, expense, and meetings & events, today announced that it has received an upgrade from S&P Global Ratings (“S&P”) to its issuer credit rating to ‘BB-’ from ‘B+” with a stable outlook. The upgrade reflects S&P’s view that “the company’s operating performance will re
MVB Financial Corp. Names Vic Maculaitis as Director
FAIRMONT, W.Va.--(BUSINESS WIRE)-- #banking--The Board of Directors of MVB Financial Corp. has announced the appointment of Vic Maculaitis as a Member of the Board.
Near- and Non-Prime Consumers Planning to Buy Used after 56% Jump in New Vehicle Payments, Open Lending Research Finds
AUSTIN, Texas--(BUSINESS WIRE)--Open Lending's 2025 Vehicle Accessibility Report highlights how unpredictable market shifts are reshaping vehicle purchasing behavior.
David Rawlinson and QVC Group, Inc. Agree to New Three-Year Deal
ENGLEWOOD, Colo.--(BUSINESS WIRE)--David Rawlinson and QVC Group, Inc. Agree to New Three-Year Deal
TKO Completes Acquisition of Sports Assets From Endeavor
NEW YORK & BEVERLY HILLS, Calif.--(BUSINESS WIRE)--TKO Group Holdings, Inc. (“TKO”) (NYSE: TKO), a premium sports and entertainment company, today announced the close of its acquisition of IMG, On Location, and Professional Bull Riders (“PBR”) from Endeavor Group Holdings, Inc. (“Endeavor”) (NYSE: EDR). “These industry-leading businesses will strengthen our portfolio of world-class IP and capabilities, helping us further capitalize on the momentum of the growing sports and entertainment ecosyst