Feed aggregator

ALLEN, Texas--(BUSINESS WIRE)-- #FTKConstructionServices--FTK Construction Services has been awarded the contract for a preservation project for a property in Fairbanks, Alaska.

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Ratings of “bbb+” (Good) of Grange Insurance Association and its fully reinsured subsidiary, Granwest Property & Casualty. Both companies are domiciled in Seattle, WA and are collectively known as Grange Insurance Group (Grange). The Credit Ratings (ratings) reflect Grange’s balance sheet strength, which AM Best ass

LOS ANGELES--(BUSINESS WIRE)--Today, the nationally recognized law firm of Baron & Budd P.C. alongside Diab Chambers LLP filed lawsuits on behalf of the County of Los Angeles, the Los Angeles County Flood Control District, the Consolidated Fire Protection District of Los Angeles County, the City of Pasadena, and the City of Sierra Madre against Southern California Edison for damages to public resources and infrastructure caused by the January 7, 2025 Eaton Fire. The lawsuits, filed today in

BOSTON--(BUSINESS WIRE)--Today, BanyanGlobal Family Business Advisors announced that Stephan Roche, former CEO of Walton Enterprises and COO of Cascade Asset Management – the private investment office for Bill Gates and the Gates Foundation – has joined BanyanGlobal Family Business Advisors as Partner. Stephan previously worked with Banyan as both a client and Senior Advisor prior to joining the firm. Along with his leadership roles at two of the world’s largest family offices, Stephan also ser

OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has assigned a Long-Term Issue Credit Rating of “a-” (Excellent) to the recently announced $750 million, 5.2% 10-year senior unsecured notes, due Feb. 25, 2035, issued by Ameriprise Financial, Inc. (Ameriprise Financial) (headquartered in Minneapolis, MN) [NYSE: AMP]. The outlook assigned to this Credit Rating (rating) is stable. The proceeds from Ameriprise Financial’s recent $750 million debt issuance are expected to be used for general corporate purpos

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA releases the February 2025 issue of CMBS Trend Watch. The appetite for U.S. private label CMBS issuance remained strong in February as 17 deals priced for a total volume of $18.3 billion, more than doubling January’s issuance of $7.9 billion. On a year-over-year (YoY) basis, issuance is higher by 196.3% with no likely slowdown on the horizon. Based on our current visibility, up to 22 rated deals could launch in March, including 10 single borrower (SB), seven cond

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to five classes of notes issued by Tricolor Auto Securitization Trust 2025-1 (“TAST 2025-1”), a subprime auto loan ABS transaction. TAST 2025-1 will issue five classes of notes totaling $328.100 million, where credit enhancement consists of overcollateralization, subordination of junior note classes (except for the Class E notes), a cash reserve account, and excess spread. The transaction has initial credit enhancement ranging from 44.

OLDWICK, N.J.--(BUSINESS WIRE)--Best's Review magazine has released a new online supplement­­­ that explores the expansion of captive insurers around the globe. Read now. The supplement features stories on: Proposed changes to the Alternative Risk Transfer ratings criteria. How many single-parent captives are being repurposed for broader risks. How captives can be an efficient choice for enterprise risk management in hard markets. The flexibility and low capital needs of cell captives. In addit

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of The Bancorp, Inc. (“TBBK” or the “Company”) (NASDAQ: TBBK) on behalf of investors concerning the Company’s possible violations of federal securities laws. IF YOU ARE AN INVESTOR WHO LOST MONEY ON THE BANCORP, INC. (TBBK), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS. What Is The Investigation About? On March 21, 2024, Culper Research published a report alleging, among ot

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to five classes of notes issued by ACHV ABS Trust 2025-1PL (“ACHV 2025-1PL”), a $193.46 million consumer loan asset-backed securities transaction. The preliminary ratings reflect initial credit enhancement levels of 71.75% for the Class A notes, 48.25% for the Class B notes, 34.00% for the Class C notes, 20.75% for the Class D notes and 10.50% for the Class E notes. Credit enhancement consists of overcollateralization, subordination (e

HOUSTON--(BUSINESS WIRE)--The trial firm Bissinger, Oshman, Williams & Strasburger LLP (BOWS) has again earned recognition among Houston’s top commercial litigation firms from Chambers Texas Spotlight 2025. The selection among Houston’s leading boutique and midsize trial firms is the third for BOWS based on its work in matters involving private equity, energy, trade secrets and employment covenants, hedge funds, financial derivatives, corporate governance disputes, bankruptcy litigation, in

LONDON--(BUSINESS WIRE)--YunoJuno, the leading freelancer management platform, announces first profitable quarter in Q4 2024 after global expansion and US revenue tripling.

METAIRIE, La.--(BUSINESS WIRE)--The Federal Home Loan Bank of Dallas (FHLB Dallas) awarded $145,080 in Heirs’ Property Program grants to Southeast Louisiana Legal Services ($100,000), East St. Tammany Habitat for Humanity ($20,080) and the United Way of Southeast Louisiana ($25,000) at a ceremonial check presentation recently. The funds, awarded through FHLB Dallas member Red River Bank, will be used to assist residents to resolve heirs’ property title issues in Louisiana. East St. Tammany Habi

NEW YORK CITY & 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 Playa Hotels & Resorts N.V. (NasdaqGS: PLYA) to Hyatt Hotels Corporation (NYSE: H). Under the terms of the proposed transaction, shareholders of Playa will receive $13.50 in cash for each share of Playa that they own. KSF is seeking to determine whether this consideration and the process th

PHOENIX--(BUSINESS WIRE)--Credit cards are essential tools in today’s financial landscape, offering purchase flexibility and a path to establish good credit. But there’s a downside, too, and consumers who don’t understand how credit card use impacts their credit scores and greater financial outlook could find themselves in trouble. “Getting a credit card is easy, but building a solid credit history and avoiding the temptation to overspend is trickier,” said Manuel Salazar, chief executive offic

NEW YORK--(BUSINESS WIRE)--Chilton Trust, a leading privately owned, independent wealth management firm and national trust bank, today announced that Henry Davison, former Managing Director at Bessemer Trust, has joined as a Managing Director, Senior Wealth Advisor in the New York City office. Mr. Davison brings over forty years of experience serving ultra-high-net-worth individuals, advising clients on global strategic asset allocation and providing comprehensive wealth management strategies.

NEW YORK--(BUSINESS WIRE)--Why: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of SoundHound AI, Inc. (NASDAQ: SOUN, SOUNW) resulting from allegations that SoundHound may have issued materially misleading business information to the investing public. So What: If you purchased SoundHound securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee

NEW YORK--(BUSINESS WIRE)-- #acquisition--OEP’s Prime Time Healthcare Rebrands to Fortis Healthcare Solutions

LOS ANGELES--(BUSINESS WIRE)--Xsolla, a leading global video game commerce company, announces the launch of the Xsolla Publishing Suite, an all-in-one direct-to-consumer (D2C) solution designed to help developers sell and distribute their games. Regardless of genre, monetization model, or stage in the game lifecycle, any game can benefit from content management, payments, LiveOps, analytics, and pre-integrated marketing tools to accelerate time to market. The D2C approach is rapidly gaining tra

AUSTIN, Texas--(BUSINESS WIRE)--X5 Home Loans and Calque work together to empower homeowners to purchase their next home with greater confidence, flexibility, and peace of mind.