Feed aggregator

Valley Companies Celebrates 90 Years of Service and Family Legacy

Lastest from Businesswire - Fri, 01/24/2025 - 12:33
HUDSON, Wis.--(BUSINESS WIRE)--Valley Companies, a North American logistics provider, is thrilled to announce its 90th anniversary—marking nearly a century of innovation, growth and an unwavering commitment to service and family. Founded in 1935 by Norman “Grandpa” Gilbert, with the motto “You call. We haul,” the company has grown from humble beginnings into a leading provider of customized logistics and supply chain solutions. “This milestone is a testament to the values instilled by Grandpa N

AM Best Downgrades Credit Ratings of Berking Re Limited; Places Credit Ratings Under Review With Negative Implications

Lastest from Businesswire - Fri, 01/24/2025 - 09:33
HONG KONG--(BUSINESS WIRE)--AM Best has downgraded the Financial Strength Rating to B- (Fair) from B (Fair) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “bb-” (Fair) from “bb+” (Fair) of Berking Re Limited (Berking Re) (Bermuda). Concurrently, AM Best has placed these Credit Ratings (ratings) under review with negative implications. The ratings reflect Berking Re’s balance sheet strength, which AM Best assesses as adequate, as well as its adequate operating performance, limited bus

Top Ranking First Trust RBA American Industrial Renaissance® ETF Reaches New Milestones in Growth and Performance over its 10+ Year History

Lastest from Businesswire - Fri, 01/24/2025 - 09:33
WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. (“First Trust”), a leading ETF provider and asset manager, announced that the First Trust RBA American Industrial Renaissance® ETF (NASDAQ: AIRR) has reached over $3 billion in net assets as of 1/6/2025 and continues to be a top performing fund. AIRR seeks investment results that correspond generally to the price and yield (before the fund’s fees and expenses) of an equity index called the Richard Bernstein Advisors American Industrial R

Oregon Bancorp Announces Fourth Quarter and Full-Year 2024 Financial Results

Lastest from Businesswire - Fri, 01/24/2025 - 09:33
SALEM, Ore.--(BUSINESS WIRE)--Oregon Bancorp, Inc. (OTCBB: ORBN) (the “Company”), the parent company of Willamette Valley Bank, today reported financial results for the fourth quarter and full year ended December 31, 2024. Fourth-Quarter 2024 Results For the fourth quarter of 2024, the Company reported net income of $873,000, or $0.35 per share. This reflects a return on average assets of 0.7% and a return on average equity of 4.7%. In comparison, for the quarter ending September 30, 2024, the

AM Best Affirms Credit Ratings of Meiji Yasuda Life Insurance Company

Lastest from Businesswire - Fri, 01/24/2025 - 09:33
HONG KONG--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating of “aa-” (Superior) of Meiji Yasuda Life Insurance Company (Meiji Yasuda) (Japan). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Meiji Yasuda’s balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, favourable business profile and appropriate enterprise risk management. Meiji Yasud

Blackstone Energy Transition Partners to Acquire Potomac Energy Center

Lastest from Businesswire - Fri, 01/24/2025 - 09:33
LOUDOUN COUNTY, Va. & NEW YORK--(BUSINESS WIRE)--Blackstone (NYSE: BX) announced today that Blackstone Energy Transition Partners (“Blackstone”) have agreed to acquire Potomac Energy Center (“Potomac”), a 774-megawatt natural gas power plant in Loudoun County, Virginia. The transaction represents Blackstone’s most recent investment in the power infrastructure supporting data centers and AI revolution – one of the firm’s highest-conviction areas. The Northern Virginia region currently represents

Modives and Connexion Mobility Partner to Bring Cutting-Edge Identity and Insurance Verification to Automotive Industry

Lastest from Businesswire - Fri, 01/24/2025 - 09:33
CHARLOTTE, N.C.--(BUSINESS WIRE)-- #autoservice--Today Modives and Connexion Mobility announced an exciting new partnership to introduce identity and insurance verification into the automotive industry. Starting with courtesy transportation, Connexion Mobility’s thousands of dealership customers can now redefine their courtesy fleet risk management in a space exposed to tough-to-manage losses and increased regulation. According to Point Predictive, outdated verification processes enabled synthetic fraud to dr

EPIC Insurance Brokers & Consultants Grows Law Firm Group with Two Executive Hires

Lastest from Businesswire - Fri, 01/24/2025 - 09:33
SAN FRANCISCO--(BUSINESS WIRE)--EPIC Insurance Brokers & Consultants (“EPIC”) continues its Law Firm Group expansion with the addition of Dan Knise and Eileen Garczynski, Esq. to the firm. Based in Washington D.C., Dan and Eileen will work with EPIC’s law firm clients to assess risk management and insurance needs. Dan joins EPIC as Principal following a 20-year term at Ames & Gough where he served in leadership roles including Executive Chair, Chief Executive Officer and President. Thro

Henry Crown and Company Announces New Board and Leadership

Lastest from Businesswire - Fri, 01/24/2025 - 09:33
CHICAGO--(BUSINESS WIRE)--Henry Crown and Company (HCC), the family office for the Crown family, today announced a new governing board and leadership focused on ensuring the family business – and its various interests – perpetuates and succeeds for generations to come. This transition follows nearly a decade of deliberate, long-term planning undertaken by the Crown family, with the support of outside experts. The newly formed Business Board will oversee HCC business operations, including oversi

MVB Financial Corp. Names Glen W. Herrick as Director

Lastest from Businesswire - Fri, 01/24/2025 - 09:33
FAIRMONT, W.Va.--(BUSINESS WIRE)-- #banking--The Board of Directors of MVB Financial Corp. has announced the appointment of Glen W. Herrick as a Member of the Board.

Eagle Point Institutional Income Fund Is Added to the Schwab Alternative Investment OneSource® Platform

Lastest from Businesswire - Fri, 01/24/2025 - 09:33
GREENWICH, Conn.--(BUSINESS WIRE)--Eagle Point Credit Management LLC (“Eagle Point Credit”), a specialist credit asset manager with over $11 billion of assets under management,1 announced that Eagle Point Institutional Income Fund (the “Fund”) has been added to the Schwab Alternative Investment OneSource platform. The Schwab Alternative Investment OneSource platform provides investors with access to a diversified portfolio of non-listed alternative investments issued by well-known asset manager

Wolters Kluwer Releases Fourth Quarter Data From Its Auto Finance Digital Transformation Index

Lastest from Businesswire - Fri, 01/24/2025 - 09:33
NEW YORK--(BUSINESS WIRE)-- #AutoFinance--Adoption of digitized contracting and documentation workflows by auto retailers and their lending partners that foster back-office efficiencies saw a noticeable jump, according to analysis by Wolters Kluwer Compliance Solutions from its Q4 Auto Finance Digital Transformation Index. While Q4 adoption compared to Q3 was down slightly (-2%), the year-over-year trend comparing 2024 Q4 with 2023 Q4 was up 32%. Further, the four-year trend continues to show digital adoption

Sierra Bancorp Announces 4% Increase in Quarterly Cash Dividend

Lastest from Businesswire - Fri, 01/24/2025 - 09:33
PORTERVILLE, Calif.--(BUSINESS WIRE)--Sierra Bancorp Announces 4% Increase in Quarterly Cash Dividend

Empowered Ventures Acquires Whitney Brothers

Lastest from Businesswire - Fri, 01/24/2025 - 09:33
CARMEL, Ind.--(BUSINESS WIRE)--Whitney Brothers becomes employee-owned by joining the Empowered Ventures holding company.

Office Properties Income Trust Fourth Quarter 2024 Conference Call Scheduled for Friday, February 14th

Lastest from Businesswire - Fri, 01/24/2025 - 09:33
NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) today announced that it will issue a press release containing its fourth quarter 2024 financial results after the Nasdaq closes on Thursday, February 13, 2025. On Friday, February 14, 2025 at 10:00 a.m. Eastern Time, President and Chief Operating Officer Yael Duffy and Chief Financial Officer and Treasurer Brian Donley will host a conference call to discuss these results. The conference call telephone number is (877)-3

Kirby McInerney LLP Urges Investors in Symbotic Inc. (SYM) to Inquire About Their Rights in Class Action Lawsuit

Lastest from Businesswire - Fri, 01/24/2025 - 09:33
NEW YORK--(BUSINESS WIRE)---- $SYM #CLASSACTIONLAWSUIT--The law firm of Kirby McInerney LLP reminds investors that a class action lawsuit has been filed in the U.S. District Court for the District of Massachusetts on behalf of those who acquired Symbotic Inc. (“Symbotic” or the “Company”) (NASDAQ:SYM) securities between February 8, 2024, to November 26, 2024 (“the Class Period”). Investors have until February 3, 2025, to apply to the Court to be appointed as lead plaintiff in the lawsuit. [LEARN MORE ABOUT THE CLASS ACTION

WisdomTree Names Smita Conjeevaram as Chair of the Board

Lastest from Businesswire - Fri, 01/24/2025 - 09:33
NEW YORK--(BUSINESS WIRE)--WisdomTree, Inc. (NYSE: WT), a global financial innovator, announced today that its Board of Directors has appointed Smita Conjeevaram as Chair of the Board, effective January 23, 2025. She succeeds Win Neuger, who will continue to serve on the Board and as a member of the Compensation Committee. “I’m proud of all that WisdomTree has achieved during my tenure as Board Chair and since joining the Board in 2013, including approximately 300% of both revenue growth and as

MicroStrategy to Redeem $1.05B of 2027 Convertible Notes and Settle All Conversion Requests in Shares

Lastest from Businesswire - Fri, 01/24/2025 - 09:33
TYSONS CORNER, Va.--(BUSINESS WIRE)--MicroStrategy® Incorporated (Nasdaq: MSTR) (“MicroStrategy”) today announced that it delivered a notice of full redemption (the “Notice”) to the trustee of MicroStrategy’s outstanding 0.0% Convertible Senior Notes due 2027 (CUSIP No. 594972 AE1) (the “Notes”). The aggregate principal amount of the Notes being redeemed is approximately $1.05 billion, which is equal to the current aggregate principal amount of Notes outstanding and held by investors. The Notic

ICE Announces Record Environmental Market Trading in 2024

Lastest from Businesswire - Fri, 01/24/2025 - 09:33
AMSTERDAM & LONDON & NEW YORK--(BUSINESS WIRE)--Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, today announced that a record number of environmental contracts traded on ICE in 2024, equivalent to over $1 trillion in notional value for the fourth consecutive year. A record 20.4 million environmental futures and options contracts traded on ICE in 2024, up approximately 40% year-over-year (y/y) along with record average daily volume and participation.

Energize Marketing Wins Prestigious Most Effective Lead Gen/Content Syndication Vendor Award at CyberMarketingCon 2024

Lastest from Businesswire - Fri, 01/24/2025 - 09:33
NEW YORK--(BUSINESS WIRE)-- #B2BMarketing--Energize Marketing wins Most Effective Lead Gen Vendor at CyberMarketingCon 2024, showcasing innovation in B2B demand gen for IT and cybersecurity.

Pages