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Museum of American Finance to Honor Richard A. Gephardt, Peter S. Lynch and Arthur D. Cashin, Jr. at 2025 Gala

Lastest from Businesswire - Thu, 02/27/2025 - 09:51
NEW YORK--(BUSINESS WIRE)--The Museum of American Finance, the nation's only independent museum dedicated to finance and financial history, will honor the achievements of three financial leaders at its annual Gala on March 6, 2025. This year’s Gala will be held at the Ziegfeld Ballroom in midtown Manhattan, with CNBC Senior Markets Correspondent Bob Pisani and “WealthTrack” Executive Producer and Managing Editor Consuelo Mack serving as the masters of ceremony. Richard A. Gephardt—former Democr

AmTrust Title Insurance Appoints Netanel Hershtik as Underwriting Counsel

Lastest from Businesswire - Thu, 02/27/2025 - 09:51
NEW YORK--(BUSINESS WIRE)--AmTrust Title Insurance Company (AmTrust Title), a wholly owned subsidiary of AmTrust Financial Services, Inc., today announced the appointment of Netanel Hershtik as Underwriting Counsel & Business Development to support AmTrust Title’s continued growth in New York. Netanel Hershtik brings over seven years of title insurance and real estate legal and sales experience, having demonstrated success in underwriting and business development at various large title agen

Redfin Reports Home-Price Growth Slows as Mortgage Rates Dip to Lowest Level in Over 2 Months

Lastest from Businesswire - Thu, 02/27/2025 - 09:51
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The median U.S. home-sale price rose just 3.5% year over year during the four weeks ending February 23, the smallest increase since September. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Mortgage rates have declined to their lowest level in more than two months, dipping from 7.13% to 6.78% in the last two weeks alone and upping buyers’ purchasing power by thousands of dollars. Mortgage rates

First Community Credit Union Selects the Fiserv award-winning DNA Platform to Stay on Cutting Edge of Banking Technology

Lastest from Businesswire - Thu, 02/27/2025 - 09:51
MILWAUKEE--(BUSINESS WIRE)--Fiserv, Inc. (NYSE: FI), a leading global provider of payments and financial services technology, today announced that First Community Credit Union, one of the largest financial institutions in Missouri, will power its future growth and success through the award-winning DNA® from Fiserv core processing platform. FCCU chose DNA due to its modern, member-centric platform that enables greater efficiencies, open and simplified integration and robust commercial features.

Fidelity® Q4 2024 Retirement Analysis: Retirement Savers Achieve Positive Momentum Through 2024

Lastest from Businesswire - Thu, 02/27/2025 - 09:51
BOSTON--(BUSINESS WIRE)--According to Fidelity Investments®’ latest Q4 2024 retirement analysis, retirement savers experienced a year of positive growth in 2024. While average balances across the board dipped slightly from Q3, the end-of-year 401(k) balance ranks as the second-highest average on record and an 11% increase from the start of 2024. Additionally, both long-term Gen X1 401(k) savers and Gen X IRA savers experienced positive gains over the course of the year in both average balance a

Equity Commonwealth Completes Sale of 1225 Seventeenth Street Plaza and Reports 2024 Results

Lastest from Businesswire - Thu, 02/27/2025 - 06:51
CHICAGO--(BUSINESS WIRE)--Equity Commonwealth (NYSE: EQC) (the “Company”) announced today that it closed on the sale of its last remaining property, 1225 Seventeenth Street, a 709,402 square foot office property in Denver, Colorado, for a gross sale price of $132.5 million, on February 25, 2025. The net purchase price was approximately $124.4 million after credits primarily for contractual lease costs. With this sale of its last remaining property, the Company is also updating the estimated agg

International Seaways Reports Fourth Quarter and Full Year 2024 Results

Lastest from Businesswire - Thu, 02/27/2025 - 06:51
NEW YORK--(BUSINESS WIRE)--International Seaways, Inc. (NYSE: INSW) (the “Company,” “Seaways,” or “INSW”), one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products, today reported results for the fourth quarter and full year of 2024. HIGHLIGHTS & RECENT DEVELOPMENTS Annual and Quarterly Results: Net income for the fourth quarter was $36 million, or $0.72 per diluted share. Net income for the full year of 2024 was $417 millio

Nuveen Churchill Direct Lending Corp. Announces Full Year and Fourth Quarter 2024 Results

Lastest from Businesswire - Thu, 02/27/2025 - 06:51
NEW YORK--(BUSINESS WIRE)--Nuveen Churchill Direct Lending Corp. (NYSE: NCDL) (“NCDL” or the “Company”), a business development company externally managed by its investment adviser, Churchill DLC Advisor LLC (the “Adviser”), and by its sub-adviser, Churchill Asset Management LLC (“Churchill”), today reported financial results for the full year and fourth quarter ended December 31, 2024. Financial Highlights for the Quarter Ended December 31, 2024 Net investment income of $0.56 per share Net rea

Unum Group Announces $3.4 Billion Long-Term Care Reinsurance Transaction with Fortitude Re

Lastest from Businesswire - Thu, 02/27/2025 - 06:51
CHATTANOOGA, Tenn.--(BUSINESS WIRE)--Unum Group (NYSE: UNM) announced today that its Unum Life Insurance Company of America subsidiary (Unum America) has agreed to enter into an agreement to cede to Fortitude Reinsurance Company Ltd. (Fortitude Re), on a coinsurance basis, individual LTC insurance policies representing 19% of Unum's total LTC block and a quota share of IDI policies reinsured from an affiliate representing 20% of Unum's total in-force IDI premium, effective January 1, 2025. At t

ACI Worldwide, Inc. Reports Financial Results for the Quarter and Full Year Ended December 31, 2024

Lastest from Businesswire - Thu, 02/27/2025 - 06:51
OMAHA, Neb.--(BUSINESS WIRE)--ACI Worldwide (NASDAQ: ACIW), an original innovator in global payments technology, announced financial results today for the quarter and full year ended December 31, 2024. "We are proud to have finished 2024 with stronger results than we expected across our key financial metrics, and that strength has continued as we start 2025. In 2024, we grew revenue 10%, increased adjusted EBITDA margin by more than 300 basis points to 41%, and more than doubled our cash flow t

Banc of California, Inc. to Participate in the Raymond James & Associates’ 46th Annual Institutional Investors Conference

Lastest from Businesswire - Thu, 02/27/2025 - 06:51
LOS ANGELES--(BUSINESS WIRE)--Banc of California, Inc. (the “Company”) (NYSE: BANC) announced today that Jared Wolff, President and Chief Executive Officer, will meet with investors at the Raymond James & Associates’ 46th Annual Institutional Investors Conference in Orlando, Florida, on March 3, 2025. In addition to meeting with investors, Mr. Wolff will participate in a fireside chat on March 3, 2025, at 1:40 p.m. Eastern Time. The live audio webcast and replay of the fireside chat will be

Fifth Third Celebrates a Unique Holiday: Its 166.7 Percentennial

Lastest from Businesswire - Thu, 02/27/2025 - 06:51
CINCINNATI--(BUSINESS WIRE)--Fifth Third known for making banking a Fifth Third Better®, is celebrating a unique milestone today; its 166.7 Percentennial anniversary.

GlobalLiving Announces New Luxury Home Development in Olde Kensington

Lastest from Businesswire - Thu, 02/27/2025 - 06:51
PHILADELPHIA--(BUSINESS WIRE)--GlobalLiving Companies announces the development and promotion of a new construction gated community, Millennial Village.

Entrust Enables European Issuers to Create Their Own NFC Issuer Wallet on iOS Devices

Lastest from Businesswire - Thu, 02/27/2025 - 03:51
MINNEAPOLIS--(BUSINESS WIRE)--Entrust Enables European Issuers to Create Their Own NFC Issuer Wallet on iOS Devices

Going on the Offense at MWC Barcelona 2025: Tackling Fintech Fraud in an AI and Mobile-First Era

Lastest from Businesswire - Thu, 02/27/2025 - 03:51
--(BUSINESS WIRE)--iconectiv: What: During a MWC Barcelona 2025 panel session, titled "Collaborating to Fight Back Against the Global Scam Threat,” Michael O’Brien, Executive Vice President, iconectiv, joins top voices in mobile and fintech to tackle the $3 trillion global scam economy fueling organized crime. O’Brien, who brings deep expertise to the frontlines of defending consumers and businesses against this escalating threat, will explore strategies to combat call fraud and spoofing, inclu

Vonage Recognized for 5G Innovation with Gold Merit Awards for Telecom 2025

Lastest from Businesswire - Thu, 02/27/2025 - 03:51
HOLMDEL, N.J.--(BUSINESS WIRE)--Vonage, a global leader in cloud communications and a part of Ericsson (NASDAQ: ERIC), has been named a Gold winner in both the 5G Networks and 5G Innovation of the Year categories at the Merit Awards for Telecom 2025. This recognition underscores Vonage’s pivotal role in shaping the future of 5G technology through its innovative network APIs, which enable businesses to accelerate digital transformation across industries. With a global reach spanning over 200 cou

KBRA Assigns Preliminary Ratings to CROSS 2025-H2 Mortgage Trust

Lastest from Businesswire - Wed, 02/26/2025 - 21:51
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to ten classes of mortgage pass-through certificates from CROSS 2025-H2 Mortgage Trust, an RMBS transaction issued under the Hildene-CCC Loan Acquisition, LLC (CROSS) shelf, where Hildene Capital Management (Hildene) in affiliation with CrossCountry Mortgage (CrossCountry or CCM) and CrossCountry Capital (CCC) sponsored the transaction. The $426.8 million transaction is collateralized by a pool of 860 residential mortgages originated b

Rithm Acquisition Corp. Announces Pricing of $200 Million Initial Public Offering

Lastest from Businesswire - Wed, 02/26/2025 - 21:51
NEW YORK--(BUSINESS WIRE)--Rithm Acquisition Corp. (the “Company”), a special purpose acquisition company formed for the purpose of entering into a combination with one or more businesses or entities, priced its initial public offering of 20,000,000 units at a price of $10.00 per unit. The units will be listed on the New York Stock Exchange and trade under the ticker symbol “RAC.U” with trading expected to begin on February 27, 2025. Each unit consists of one Class A ordinary share of the Compa

Rosen Law Firm Urges Game of Silks, Inc. NFT Investors with Large Losses to Contact the Firm for Information About Their Rights

Lastest from Businesswire - Wed, 02/26/2025 - 21:51
NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces that a Game of Silks NFT purchaser filed a class action lawsuit on behalf of all purchasers of Game of Silks non-fungible tokens (“NFTs”), including Silks Avatar NFTs, Silks Horse NFTs, and Silks Land NFTs, and who were damaged thereby. According to the complaint, the defendants “created a company to build a computer game called Game of Silks that brought real-life horse racing to the metaverse.” For more in

Clearwater Analytics and Enfusion Announce Expiration of Hart-Scott-Rodino Act Waiting Period For Proposed Acquisition of Enfusion

Lastest from Businesswire - Wed, 02/26/2025 - 21:51
BOISE, Idaho--(BUSINESS WIRE)--Clearwater Analytics Holdings, Inc. (NYSE: CWAN) (“Clearwater” or the “Company”), a leading worldwide provider of SaaS-based investment management, accounting, reporting, and analytics solutions, and Enfusion, Inc. (NYSE: ENFN) (“Enfusion”), a leader in software-as-a-service solutions for the investment management and hedge fund industry, today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the “HSR A

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