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SelectQuote Announces $350 Million Strategic Investment from Bain Capital, Morgan Stanley Private Credit and Newlight Partners
OVERLAND PARK, Kan.--(BUSINESS WIRE)--SelectQuote, Inc. (NYSE: SLQT) (the “Company”), a leading distributor of Medicare insurance policies and owner of a rapidly-growing healthcare services platform, today announced that the Company signed a $350 million strategic investment from funds managed by Bain Capital, Morgan Stanley Private Credit, and Newlight Partners. The transaction positions the Company to continue growing its healthcare services business, deepening its relationship with carrier p
Yext acquires Places Scout, Strengthens Competitive Intelligence and Benchmarking Capabilities
NEW YORK--(BUSINESS WIRE)--Yext, Inc. (NYSE: YEXT), the leading digital presence platform for multi-location brands, today announced the acquisition of Places Scout, an industry-leading local SEO and location intelligence platform. Trusted by top experts and enterprise brands, Places Scout delivers real-time, location-based insights to assess performance, track competitors, and optimize visibility across every major search channel. The acquisition strengthens Yext’s ability to provide best-in-c
MPWR INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Monolithic Power Systems, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
NEW YORK--(BUSINESS WIRE)---- $MPWR #ClassAction--Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Monolithic Power Systems, Inc. (“Monolithic Power Systems” or “the Company”) (NASDAQ: MPWR) and certain of its officers. Class Definition This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or o
Milliman analysis: Corporate pension funded ratio improves in January to new 27-month high
SEATTLE--(BUSINESS WIRE)--Milliman, Inc., a premier global consulting and actuarial firm, today released the results of the latest monthly Milliman 100 Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans. The funded ratio of the Milliman PFI plans climbed in January from 104.8% as of December 31, 2024, to 105.8% as of January 31, 2025. The rise was due in part to a 1.19% monthly market return, which surpassed the expected 0.52% and lifted plan assets by $9 b
Barings Global Short Duration High Yield Fund Announces February 2025 Monthly Distribution of $0.1223 per Share
CHARLOTTE, N.C.--(BUSINESS WIRE)--The Barings Global Short Duration High Yield Fund (the “Fund”) (NYSE: BGH) announced its monthly dividend for February 2025 of $0.1223 per share, payable on March 3, 2025. Based on the Fund’s January 31, 2025 share price of $15.96 per share, the dividend represents an annualized yield of 9.20% per share. Based on current projections through the payable date, the Fund expects that this dividend will be comprised of net investment income. The dividend schedule ap
Aviation Capital Group Announces Delivery of One Boeing 737-8 MAX to Air India Express
NEWPORT BEACH, Calif.--(BUSINESS WIRE)-- #acg--Aviation Capital Group LLC (ACG), a premier global full-service aircraft asset manager, announced the delivery of one Boeing 737-8 MAX aircraft to Air India Express. Featuring CFM International LEAP-1B engines, this is the second aircraft scheduled to deliver to the airline as part of a multiple-aircraft sale-leaseback transaction between ACG and Air India Express. ACG specializes in commercial aircraft leasing and aviation finance. In addition to aircraf
KBRA Assigns Preliminary Ratings to FREMF 2025-K759 and Freddie Mac Structured Pass-Through Certificate Series K-759
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA is pleased to announce the assignment of preliminary ratings to four classes of FREMF Series 2025-K759 mortgage pass-through certificates and three classes of Freddie-Mac structured pass-through certificates (SPCs), Series K-759. FREMF 2025-K759 is an $857.5 million CMBS multi-borrower transaction. Freddie Mac will guarantee six classes of certificates issued in the underlying Series 2025-K759 securitization and will deposit the guaranteed underlying certificates
KBRA Assigns Preliminary Ratings to BMO 2025-C11
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA is pleased to announce the assignment of preliminary ratings to 14 classes of BMO 2025-C11, a $906.9 million CMBS conduit transaction collateralized by 63 commercial mortgage loans secured by 82 properties. The collateral properties are located throughout 14 MSAs, of which the three largest are New York (43.2%), Orange County (7.2%), and North - Central New Jersey (6.5%). The pool has exposure to most major property type with four types representing more than 10.
ONDA Family Law Celebrates Legal Assistant Earning Board Certification
DALLAS--(BUSINESS WIRE)--Orsinger, Nelson, Downing & Anderson, LLP (ONDA), one of the largest family law firms in Texas, is pleased to announce that legal assistant Melissa Hopkins has earned board certification as a family law paralegal from the Texas Board of Legal Specialization. “Our firm strives for the highest standards, and Melissa’s achievement further strengthens the exceptional service we provide to our clients every day,” said managing partner Scott Downing. “We appreciate and ad
Coventry: Flaws of Lapetus Life Expectancy Estimates Evaluated in New Study
FORT WASHINGTON, Pa.--(BUSINESS WIRE)--Coventry today announced the availability of a new study conducted by Professors Daniel Bauer and Nan Zhu, which revealed that life expectancy estimates produced by Lapetus Solutions, Inc. significantly understate the actual life expectancies of insureds. This serious flaw raises concerns about the accuracy of Lapetus’s mortality predictions, which could have significant repercussions for investors in life settlements. The study evaluates the accuracy of L
AM Best Assigns Credit Ratings to Mereo Insurance Limited
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to Mereo Insurance Limited (Mereo) (Hamilton, Bermuda). The outlook assigned to these Credit Ratings (ratings) is stable. The ratings reflect Mereo’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management (ERM). The rati
Mereo Insurance Limited Launches into Attractive Reinsurance Market
HAMILTON, Bermuda--(BUSINESS WIRE)--Mereo Insurance Limited, a new reinsurance platform, has received an A- credit rating from AM Best, and begins operations this week in an attractive global property and casualty reinsurance market. The common equity was led by Susquehanna Private Equity Investments, LLLP, a member of the Susquehanna International Group of Companies, and The Andover Companies, with preferred equity provided by Ares Management Alternative Credit funds (“Ares”). This first close
FIS Named a Leader in 2025 Gartner Magic Quadrant for Retail Core Banking Systems, North America
JACKSONVILLE, Fla.--(BUSINESS WIRE)--FIS® (NYSE: FIS), a global leader in financial technology, has been recognized by Gartner as a Leader in the 2025 Gartner Magic Quadrant for Retail Core Banking Systems, North America. This recognition further demonstrates FIS' comprehensive capabilities across the money lifecycle, underscoring its position as the leading technology provider in the banking ecosystem for safeguarding money at rest. FIS' core banking solutions operate within a widely configura
FINAL DEADLINE ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Sun Communities
NEW YORK--(BUSINESS WIRE)---- $SUI #ClassAction--Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Sun Communities, Inc. (“Sun Communities” or the “Company”) (NYSE: SUI) and reminds investors of the February 10, 2025 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia
Austin Asking Rents Drop 16% in January—More Than Any Other Major Metro—And Are Now $400 Below Their Record High
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — The median U.S. asking rent was $1,599 in January, little changed (-0.1%) from a year earlier and up 0.5% from a month earlier. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The median asking rent per square foot fell 1.5% year over year to $1.80 and rose 0.8% month over month. Rents are stabilizing because the number of available apartments is in sync with the number of people who want to rent
Circle K Offers Exclusive Access to New CELSIUS ESSENTIALS Variety
CHARLOTTE, N.C.--(BUSINESS WIRE)-- #AmericasThirstStop--Circle K offers exclusive new Sparkling Watermelon Ice CELSIUS ESSENTIALS flavor at over 6,000 stores.
Comvest Credit Partners Provides Debt Financing to Support Merger of Opexus and Casepoint and Majority Investment from Thoma Bravo
WEST PALM BEACH, Fla.--(BUSINESS WIRE)-- #casepoint--Comvest Credit Partners, a leading provider of flexible direct financing solutions to middle-market companies, is pleased to announce that it is acting as Administrative Agent on a senior secured credit facility (the “Financing”) to support the merger of Opexus and Casepoint (together, the “Company”), providers of software technology services to the federal government. The Financing also supported the majority investment in the Company from private equity
STRONGHOLD DIGITAL INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Stronghold Digital Mining, Inc. - SDIG
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Stronghold Digital Mining, Inc. (NasdaqGM: SDIG) to Bitfarms Ltd. Under the terms of the proposed transaction, shareholders of Stronghold will receive 2.52 shares of Bitfarms for each share of Stronghold that they own. KSF is seeking to determine whether this consideration and the process that led to it are ad
Schwab Trading Activity Index™: January Score Kicks off the New Year With a Slump
WESTLAKE, Texas--(BUSINESS WIRE)--The Schwab Trading Activity Index™ (STAX) decreased to 49.45 in January, down from its score of 51.16 in December. The only index of its kind, the STAX is a proprietary, behavior-based index that analyzes retail investor stock positions and trading activity from Schwab’s millions of client accounts to illuminate what investors were actually doing and how they were positioned in the markets each month. The reading for the four-week period ending January 31, 2025
BETTER CHOICE INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Merger of Better Choice Company Inc. - BTTR
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed merger of Better Choice Company Inc. (the “Company”) (NYSE: BTTR) and SRx Health Solutions Inc. Upon completion of the proposed transaction, Better Choice shareholders will own approximately 15% of the combined company. KSF is seeking to determine whether the merger and the process that led to it are adequate, or whet