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Mechanics Bancorp Declares Cash Dividend

Lastest from Businesswire - Wed, 05/13/2026 - 17:34
WALNUT CREEK, Calif.--(BUSINESS WIRE)--Mechanics Bancorp (Nasdaq: MCHB) today announced it has declared a cash dividend of $0.70 per share of Class A common stock and $7.00 per share of Class B common stock, each payable on May 28, 2026, to shareholders of record as of the close of business on May 23, 2026. About Mechanics Bancorp Mechanics Bancorp (Nasdaq: MCHB) is headquartered in Walnut Creek, Calif., and is the financial holding company of Mechanics Bank, a full-service bank with $21.4 bill

UWMC Calls Out Egregious Corporate Governance of TWO Board and Repeated Failure to Act in Best Interest of Stockholders

Lastest from Businesswire - Wed, 05/13/2026 - 17:34
PONTIAC, Mich. & NEW YORK--(BUSINESS WIRE)-- #UWMC--UWM Holdings Corporation (“UWMC” or the “Company”) (NYSE: UWMC), today issued a statement calling out the egregious corporate governance of the Board of Directors of Two Harbors Investment Corp. (“Two Harbors” or “TWO”) (NYSE: TWO), which today announced it has rejected UWMC’s May 11 proposal to acquire Two Harbors for $12.50 per share in cash or 2.3328 shares of UWMC stock, and reaffirmed support for getting its stockholders 50 cents less per share u

Pelagos Insurance Capital Reports Strong First Quarter 2026

Lastest from Businesswire - Wed, 05/13/2026 - 17:34
PEMBROKE, Bermuda--(BUSINESS WIRE)--Pelagos Insurance Capital Limited, formerly known as Fidelis Insurance Holdings Limited (“Pelagos” or “PLGO” or the “Company”) (NYSE: PLGO) announced today its financial results for the first quarter ended March 31, 2026.   Dan Burrows, Group Chief Executive Officer of Pelagos Insurance Capital, commented: “As our first quarter results demonstrate, our unique capital allocator model and expanding network of underwriting partners are driving profitable growth.

Marchex Announces First Quarter 2026 Results and Archenia Transaction Update

Lastest from Businesswire - Wed, 05/13/2026 - 17:34
SEATTLE--(BUSINESS WIRE)--Marchex, Inc. (NASDAQ: MCHX), which harnesses the power of AI and conversation intelligence to provide actionable insights derived from prescriptive vertical market data analytics, today announced its financial results for the first quarter ended March 31, 2026. Q1 2026 Financial Highlights GAAP revenue was $10.6 million for the first quarter of 2026, compared to $11.4 million for the first quarter of 2025. Net loss was $1.7 million for the first quarter of 2026 or $(0

BitGo Announces First Quarter 2026 Financial Results

Lastest from Businesswire - Wed, 05/13/2026 - 17:34
NEW YORK--(BUSINESS WIRE)--BitGo Holdings, Inc. (NYSE: BTGO) (“BitGo” or “the Company”), the digital asset infrastructure company, today reported its financial results for its first quarter ended March 31, 2026. Q1 2026 Operational Highlights Launched a derivatives offering in Q1, generating approximately $3 billion in notional trading volume during the first quarter. Stablecoin-as-a-Service continued to gain momentum, supported by client adoption, product enhancements, and new partnerships. Ex

The Bolivarian Republic of Venezuela Announces the Initiation of a Comprehensive Public Debt Restructuring Process

Lastest from Businesswire - Wed, 05/13/2026 - 17:34
CARACAS, Venezuela--(BUSINESS WIRE)--The Bolivarian Republic of Venezuela announces today its decision to initiate a comprehensive restructuring of its external public debt obligations. CONTEXT & RATIONALE Over the past decade, Venezuela's economy has been severely impacted by external shocks – from the end of the commodity super-cycle to foreign sanctions and COVID-19 – resulting in a sharp economic contraction, a protracted default since 2017, and a ballooning of public sector liabilities

Navan Unveils New AI-Powered Features to Save Finance Teams and Travelers Time

Lastest from Businesswire - Wed, 05/13/2026 - 17:34
NEW YORK--(BUSINESS WIRE)--Navan (NASDAQ: NAVN), the global AI-powered business travel and expense platform, announced a new suite of AI-driven tools at Navigate, its inaugural customer conference. Designed to raise the bar for productivity in travel and expense, these AI-enabled features aim to dramatically increase efficiency for employees and businesses, all while strengthening the enterprise-grade control, visibility, and user experience Navan is known for. "Our product philosophy has alway

HUBG Investigation Update: Investors with Losses after Financial Restatement Announcements are Urged to Contact BFA Law if You Lost Money

Lastest from Businesswire - Wed, 05/13/2026 - 17:34
NEW YORK--(BUSINESS WIRE)-- #Accounting--Investors with Losses after Financial Restatement Announcements are Urged to Contact BFA Law if You Lost Money

AM Best Assigns Issue Credit Ratings to Chubb INA Holdings LLC’s Senior Unsecured Bonds

Lastest from Businesswire - Wed, 05/13/2026 - 17:34
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has assigned Long-Term Issue Credit Ratings of “a+” (Excellent) to Chubb INA Holdings LLC (Chubb) (Delaware) recently announced CNY 4.0 billion (approximately USD 586 million) issuance of senior unsecured bonds in the Hong Kong market in two tranches, which are guaranteed by Chubb Limited: CNY 2.5 billion 2.4% senior unsecured bonds due 2031; and CNY 1.5 billion 2.85% senior unsecured bonds due 2036. The outlook assigned to these Credit Ratings (rating) i

Securities Fraud Investigation Into Hub Group, Inc. (HUBG) Continues – Shareholders Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz

Lastest from Businesswire - Wed, 05/13/2026 - 17:34
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz continues its investigation of Hub Group, Inc. (“Hub Group” or the “Company”) (NASDAQ: HUBG) on behalf of investors concerning the Company’s possible violations of federal securities laws.IF YOU ARE AN INVESTOR WHO LOST MONEY ON HUB GROUP, INC. (HUBG), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS.What Is The Investigation About?On February 5, 2026, Hub Group disclosed it had “identified an error that

Countdown to Cravings! Construction Commences at New White Castle® Daytona Beach Location

Lastest from Businesswire - Wed, 05/13/2026 - 17:34
COLUMBUS, Ohio--(BUSINESS WIRE)--White Castle breaks ground in Daytona Beach, FL; new location opens late Fall 2026, creating 70+ jobs.

United Bankshares Declares Second Quarter Dividend

Lastest from Businesswire - Wed, 05/13/2026 - 17:34
WASHINGTON & CHARLESTON, W.Va.--(BUSINESS WIRE)--United Bankshares Declares Second Quarter Dividend

Taste Tomorrow Ventures Announces Investment in Harken Sweets

Lastest from Businesswire - Wed, 05/13/2026 - 17:34
LOS ANGELES--(BUSINESS WIRE)--Taste Tomorrow Ventures (TTV), a year-old venture capital firm focused on early-stage investments in the beverage and snack industries, proudly announces their investment in Harken Sweets, joining investors Selva and GRTSHT in their seed round. This marks TTV’s eighth investment and second in the rapidly growing Better-for-You indulgent snacks category. Launched three years ago by Katie Lefkowitz, Harken Sweets is reimagining chocolate with products that are genuin

$25K Grant from FHLB Dallas and Gulf Coast Bank & Trust Helps Army Veteran Buy a Home in Dallas-Fort Worth, Texas

Lastest from Businesswire - Wed, 05/13/2026 - 17:34
MANSFIELD, Texas--(BUSINESS WIRE)--A $25,000 Housing Assistance for Veterans (HAVEN) grant from the Federal Home Loan Bank of Dallas (FHLB Dallas) helped U.S. Army veteran Alicia Cannon with the down payment that made homeownership possible for her and her 11‑year‑old son in Mansfield, Texas. The HAVEN grant was provided through Gulf Coast Bank & Trust, an FHLB Dallas member financial institution. A former 91 Charlie (heating and air conditioning repairer) during her Army service, Ms. Canno

AM Best Downgrades Credit Ratings of NASW Insurance Company; Maintains Under Review With Negative Implications Status

Lastest from Businesswire - Wed, 05/13/2026 - 17:34
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has downgraded the Financial Strength Rating to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Rating to “bbb+” (Good) from “a-” (Excellent) of NASW Insurance Company (NASWIC) (Washington, D.C.). Concurrently, AM Best has maintained the under review with negative implications status for these Credit Ratings (ratings). The ratings reflect NASWIC’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operati

Xero Introduces XeroForce — Natural Language Custom AI Agent Builder for Small Businesses and Accountants

Lastest from Businesswire - Wed, 05/13/2026 - 14:34
SAN MATEO, Calif.--(BUSINESS WIRE)--Xero (ASX: XRO), the global small business platform, today announced the launch of XeroForce, a natural language custom AI agent builder for the financial workflows of small businesses and accountants. Using simple prompts, customers can create custom agents on top of Xero and third party apps they use to turn time-consuming manual work into durable, scalable AI workflows with Xero as the orchestration hub and core financial operating system. And with domain-

Androvett Team Named to 2026 Lawdragon 100 Global Leaders in Legal Strategy & Consulting

Lastest from Businesswire - Wed, 05/13/2026 - 14:34
DALLAS--(BUSINESS WIRE)--Androvett, a leading public relations and marketing firm serving the legal industry, today announced that 14 members of its team have been named to the 2026 Lawdragon 100 Global Leaders in Legal Strategy & Consulting, a guide recognizing the top advisers shaping the business and practice of law worldwide. Among those honored are Mike Androvett, founder and chairman, recognized for marketing, crisis communications and public relations; Scott Parks, chief executive of

Strategy Announces New Date for Live Q&A with Retail Investors Featuring Michael Saylor and Phong Le

Lastest from Businesswire - Wed, 05/13/2026 - 14:34
TYSONS CORNER, Va.--(BUSINESS WIRE)--Strategy Inc (Nasdaq: STRF/STRC/STRK/STRD/MSTR; LuxSE: STRE), the largest corporate holder of bitcoin and the world’s first Bitcoin Treasury Company, today announced that it will be holding its rescheduled live Q&A session with retail investors featuring Founder & Executive Chairman Michael Saylor and Chief Executive Officer Phong Le, moderated by author Natalie Brunell on Wednesday, May 20, 2026, at 5:00 PM ET, streaming live on X and YouTube. The l

PSLX INVESTOR ALERT: Robbins Geller Rudman & Dowd LLP Announces that Power Solutions International, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

Lastest from Businesswire - Wed, 05/13/2026 - 14:34
SAN DIEGO--(BUSINESS WIRE)---- $PSIX #PSIX--The lawsuit alleges Power Solutions International and its top executives made false and/or misleading statements.

Infrrd Marks 10 Years of IDP Innovation, Named a Leader in Everest Group's PEAK Matrix® 2026

Lastest from Businesswire - Wed, 05/13/2026 - 14:34
SAN JOSE, Calif.--(BUSINESS WIRE)-- #agenticAI--Infrrd marks 10 years in IDP, named a Leader in Everest Group's PEAK Matrix® 2026 & advances Agentic AI with Ally

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