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Lendbuzz Completes $266 Million Asset-Backed Securitization

Lastest from Businesswire - Wed, 07/02/2025 - 11:57
BOSTON--(BUSINESS WIRE)--Lendbuzz, an AI-based fintech company that helps consumers obtain better access to credit when purchasing a vehicle, announced today that it has closed a $266 million securitization (“LBZZ 2025-2”) collateralized by a pool of auto loans made to obligors and secured by new and used automobiles, light duty trucks, and vans. LBZZ 2025-2 issued five classes of notes: Class A-1, Class A-2, Class B, Class C, Class D. The LBZZ 2025-2 notes have been rated by S&P Global Rat

Lynk Files Counterclaims Against SLAM

Lastest from Businesswire - Wed, 07/02/2025 - 11:57
FALLS CHURCH, Va.--(BUSINESS WIRE)--Lynk Global announced today that it has filed counterclaims against SLAM Corp. in the Delaware Court of Chancery. The filing remains under seal but is expected to become publicly available on July 7, 2025. Lynk also acknowledges SLAM’s recent Form 8-K filing, which relates to its June 25, 2025 shareholder meeting. According to the filing, the holders of 1,885,947 public shares properly exercised their right to redeem their shares for cash, leaving only minima

Idomoo Announces Launch of AI Video Ads, Powering Video Advertising at Scale

Lastest from Businesswire - Wed, 07/02/2025 - 11:57
NEW YORK--(BUSINESS WIRE)-- #AI--Idomoo, the leader in next generation video, announces the launch of AI Video Ads, a new capability available through its Lucas AI Video Creator.

Maryland Tech Council Launches Rural Technology Network to Accelerate Rural Innovation

Lastest from Businesswire - Wed, 07/02/2025 - 11:57
ROCKVILLE, Md.--(BUSINESS WIRE)--The Maryland Tech Council (MTC), the largest technology and life sciences trade association in the state, today announced the launch of the Rural Technology Network, a new initiative to accelerate growth in rural Maryland’s technology ecosystem. The Rural Technology Network will strengthen economic growth in rural Maryland through strategic business development and by offering companies enhanced access to networking, cost savings, education, mentorship and other

Datavault AI Bridges Civic Memory and Digital Identity Across National Platforms

Lastest from Businesswire - Wed, 07/02/2025 - 11:57
BEAVERTON, Ore.--(BUSINESS WIRE)--Datavault AI Inc. (NASDAQ: DVLT), a leader in AI data experience, valuation and monetization, today announced continued expansion and commercial progress through key appointments and participation in high-profile industry events across key sectors including government, education, sports, and culture. Driving National Impact with White House Experience Advisory Council Datavault AI was recently appointed to the White House Experience Advisory Council, a group es

Nacha Supports Executive Order to Eliminate Federal Check Payments, Citing Cost Savings and Fraud Reduction

Lastest from Businesswire - Wed, 07/02/2025 - 11:57
RESTON, Va.--(BUSINESS WIRE)--Nacha submitted formal comments in support of Executive Order 14247, “Modernizing Payments To and From America’s Bank Account,” applauding the Treasury Department’s efforts to eliminate paper checks for federal disbursements and collections. The executive order, which directs a full transition to electronic payments by Sept. 30, 2025, for federal disbursements, aligns with long-standing Nacha priorities to enhance efficiency, security and inclusion in the payments

Marsh McLennan Agency Acquires Excel Insurance

Lastest from Businesswire - Wed, 07/02/2025 - 11:57
WHITE PLAINS, N.Y.--(BUSINESS WIRE)--Marsh McLennan Agency (MMA), a business of Marsh and a leading provider of business insurance, employee health and benefits, retirement and wealth, and private client insurance solutions across the US and Canada, today announced the acquisition of Excel Insurance, a Medley, Florida-based independent agency. Terms of the acquisition were not disclosed. Founded in 2020, Excel provides property/casualty insurance solutions to small businesses and individuals in

IFC Commits $50 Million to Victory Park Capital to Expand SME Financing in Emerging Markets

Lastest from Businesswire - Wed, 07/02/2025 - 11:57
WASHINGTON & CHICAGO--(BUSINESS WIRE)--The International Finance Corporation (IFC), a member of the World Bank Group, has announced a $50 million follow-on investment in Victory Park Capital Investor Fund W, LP (the “Fund”), reinforcing its commitment to financial inclusion and economic resilience in Emerging Markets. With this latest investment and additional support from IDB Invest, which upsized its commitment by $50 million in January 2025, the Fund now exceeds $200 million in total commitm

Universal Parking Receives 2025 Top Workplaces Awards

Lastest from Businesswire - Wed, 07/02/2025 - 11:57
ATLANTA--(BUSINESS WIRE)--Universal Parking celebrates workplace award wins, recognizing its commitment to fostering a positive work environment.

VB Attorneys Obtains $4,000,000 Verdict on Behalf of Injured Seaman

Lastest from Businesswire - Wed, 07/02/2025 - 11:57
HOUSTON--(BUSINESS WIRE)-- #CommercialFishing--VB Attorneys obtained a $4,000,000 jury verdict on a Jones Act case in King County, Washington, on behalf of an injured seaman.

Brazos Safety Systems Announces Strategic Growth Investment from Altaline

Lastest from Businesswire - Wed, 07/02/2025 - 11:57
LOS ANGELES & FORT WORTH, Texas--(BUSINESS WIRE)-- #Altaline--Altaline Capital Management, LLC (“Altaline” or the “Firm”), a newly launched Los Angeles-based private equity firm focused on partnering with lower-middle market companies in the technology, business services, and financial services sectors, today announced a strategic growth investment in Brazos Safety Systems, LLC (“Brazos” or the “Company”), a leading provider of flight safety technology and analytics solutions for the global aviation indust

SurveyMonkey Named One of North America’s Most Inspiring Workplaces for the Second Consecutive Year

Lastest from Businesswire - Wed, 07/02/2025 - 11:57
CHICAGO--(BUSINESS WIRE)--SurveyMonkey, the world’s most popular platform for surveys and forms, today announced that it has been named one of North America’s top 100 Inspiring Workplaces by the Inspiring Workplaces Group, in association with Employera, for the second year in a row. This recognition reflects SurveyMonkey’s unwavering commitment to building an inclusive, purpose-driven workplace where employees are empowered to do their best work. Judges praised SurveyMonkey for the company’s st

David M. deRubertis and Hershey Law Secures Landmark $27.5 Million Jury Verdict Against Dignity Health in Whistleblower Retaliation Case

Lastest from Businesswire - Wed, 07/02/2025 - 11:57
LOS ANGELES--(BUSINESS WIRE)-- #DignityHealth--Hershey Law and David deRubertis win $27.5M verdict for whistleblower fired after reporting safety risks at Dignity Health’s hospital.

June Sales at Small Businesses Rise from Last Year, but Consumers Pulled Back Compared to May

Lastest from Businesswire - Wed, 07/02/2025 - 11:57
MILWAUKEE--(BUSINESS WIRE)--Fiserv, Inc. (NYSE: FI), a leading global provider of payments and financial services technology, has published the Fiserv Small Business Index for June 2025, with the seasonally-adjusted Index declining two points to 148. Year-over-year sales (+4.4%) remained strong in June while month-over-month sales (-1.4%) declined, reflecting a slowdown in consumer activity. Foot traffic (transactions) followed a similar trend, growing (+2.2%) year over year but slowing (-2.0%)

Prudential Financial, Inc. to Announce Second Quarter 2025 Earnings; Schedules Conference Call

Lastest from Businesswire - Wed, 07/02/2025 - 08:57
NEWARK, N.J.--(BUSINESS WIRE)--Prudential Financial, Inc. (NYSE: PRU) will release its second quarter 2025 earnings on Wednesday, July 30, 2025, after the market closes. The earnings news release, the financial supplement, and related materials will be posted on the company’s Investor Relations website at investor.prudential.com. Members of Prudential’s senior management will host a conference call on Thursday, July 31, 2025, at 11:00 a.m. ET to discuss with the investment community the company

Sizzling Platter Partners with Bain Capital to Drive Next Chapter of Growth

Lastest from Businesswire - Wed, 07/02/2025 - 08:57
SALT LAKE CITY--(BUSINESS WIRE)--Sizzling Platter, LLC (“Sizzling Platter” or the “Company”), a premier restaurant franchise growth platform, today announced that it has partnered with Bain Capital to accelerate its expansion. The investment is being made by Bain Capital North American Private Equity, which is acquiring the business from CapitalSpring. Sizzling Platter will continue to be led by Chief Executive Officer Nathan Garn. Financial terms of the private transaction were not disclosed.

E*TRADE From Morgan Stanley Releases Monthly Sector Rotation Study

Lastest from Businesswire - Wed, 07/02/2025 - 08:57
NEW YORK--(BUSINESS WIRE)--E*TRADE from Morgan Stanley today released the data from its monthly sector rotation study, based on the E*TRADE customer notional net percentage buy/sell behavior for stocks that comprise the S&P 500 sectors. About E*TRADE from Morgan Stanley and Important Notices E*TRADE from Morgan Stanley provides financial services to retail customers. Securities products and advisory services offered by Morgan Stanley Smith Barney LLC, Member SIPC and a Registered Investment

REX-Osprey™ Launches First U.S. ETF with Solana Exposure plus Staking Rewards

Lastest from Businesswire - Wed, 07/02/2025 - 08:57
MIAMI--(BUSINESS WIRE)--REX-Osprey™, a strategic collaboration between REX Shares and Osprey Funds, today announced the launch of SSK, the REX-Osprey ™ Solana + Staking ETF, the first U.S.-listed ETF to give investors exposure to Solana (SOL) plus staking rewards in their securities brokerage accounts. SSK provides investors with cost-effective and convenient exposure to Solana (SOL) by offering primarily spot SOL exposure—avoiding the negative effects of contango that can impact futures-based

Germany’s Largest Public Insurer Versicherungskammer Selects Clearwater Analytics for Scalable Investment Operations

Lastest from Businesswire - Wed, 07/02/2025 - 08:57
BOISE, Idaho & CHICAGO & NEW YORK & MUNICH & FRANKFURT A.M., Germany--(BUSINESS WIRE)--Clearwater Analytics (NYSE: CWAN), the most comprehensive technology platform for investment management, today announced that Versicherungskammer Group has selected Clearwater Analytics’ platform to power their middle, back office and risk functions. This decision is based on a comprehensive operating model review that began in 2024, followed by a structured selection process to identify a strategic partner.

Students Earn Fifth Third Education Scholarships from the Fifth Third Foundation

Lastest from Businesswire - Wed, 07/02/2025 - 08:57
CINCINNATI--(BUSINESS WIRE)--The Fifth Third Foundation has made education programs a top priority since its founding in 1948. To honor students with high achievements, Fifth Third established its Scholarship Program. These one-time $2,500 scholarships are awarded annually to children of Fifth Third employees for educational purposes at college or university. This year's scholarships total $62,500. Nearly 500 students have been recognized since 2005. Chosen and administered by the National Meri

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