Feed aggregator

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA releases its Day 2 recap of the CRE Finance Council (CREFC) January Conference 2025. Day 2 opened with an Industry Roundtable, which covered a wide range of topics. This was followed by three forums including issuers, investment-grade bondholders, and servicers. The keynote session featured a conversation with Ron Howard who discussed his childhood, media roles, and filmmaking. Rounding out the day’s events were sessions on both legislative developments and lendi

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to 62 classes of mortgage backed notes from PMT Loan Trust 2025-INV1 (PMTLT 2025-INV1), a prime RMBS transaction sponsored by PennyMac Corp. (PennyMac), an indirect, wholly-owned subsidiary of PennyMac Mortgage Investment Trust (PMT). PMTLT 2025-INV1 comprises 928 fixed-rate mortgages (FRMs) with an aggregate principal balance of $346,620,705 as of the January 1, 2025 cut-off date. The underlying pool consists of agency-eligible loans

NEW YORK--(BUSINESS WIRE)--Marc Agnifilo, Founding Partner of Agnifilo Intrater LLP, serves as U.S.-based counsel for Ulugbek Shadmanov, a prominent Uzbek business leader who was illegally detained in Dubai on December 10, 2024. The United Arab Emirates held Mr. Shadmanov in custody for 30 days, denying him all communication – including with his lawyer – before extraditing him to Tashkent to face unspecified charges. “Ulugbek Shadmanov is the victim of a blatant political prosecution by authori

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to Nevada General Insurance Company (NGIC) (Henderson, NV), which is under new ownership. The outlook assigned to these Credit Ratings (ratings) is stable. The ratings reflect NGIC’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterpris

LOWELL, Mass. & WESTON, Fla.--(BUSINESS WIRE)--UKG, a leading provider of HR, payroll and workforce management solutions, proudly welcomes tennis champion Frances Tiafoe as its newest brand ambassador. A three-time titleholder on the Association of Tennis Professionals (ATP) Tour and a key member of Team USA in Davis Cup, the right-handed Tiafoe (Facebook, Instagram, X), 26, turned pro in 2015 and owns a career-high world ranking of 10th. The 2020 winner of the Arthur Ashe Humanitarian award, T

SANDY, Utah--(BUSINESS WIRE)--401GO, the next-generation retirement plan provider, announced the appointment of Stan Smith as Chief Growth Officer.

NEW YORK--(BUSINESS WIRE)--Patterson Belknap is pleased to announce that Kathryn Bi has joined the firm as a Partner in its Litigation department and as a member of the Patent Litigation practice. Ms. Bi helps clients resolve their toughest intellectual property and commercial cases, focusing her practice on complex technology disputes. She has successfully represented tech companies in numerous high-stakes patent cases. Ms. Bi has extensive experience in all aspects of patent litigation. She h

OAK BROOK, Ill.--(BUSINESS WIRE)--The Inland Real Estate Group, LLC (“Inland”), one of the nation’s largest commercial real estate investment and finance groups, has named Stacey Gore-Brown its new Chief Human Resources Officer and Executive Vice President. As Inland’s Chief Human Resources Officer and EVP, Mrs. Gore-Brown is responsible for developing and executing the human resources strategy in support of the overall business plan and strategic direction of the organization. “We are thrilled

NEW YORK--(BUSINESS WIRE)--The Board of Directors of Marsh McLennan (NYSE: MMC) today declared a quarterly dividend of $0.815 per share on outstanding common stock, payable on February 14, 2025 to stockholders of record on January 30, 2025. About Marsh McLennan Marsh McLennan (NYSE: MMC) is a global leader in risk, strategy and people, advising clients in 130 countries across four businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman. With annual revenue of $23 billion and more than 85,000

MINNEAPOLIS--(BUSINESS WIRE)--Courtney Kelso to join U.S. Bancorp as Head of Consumer Payments Organization

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Cardlytics, Inc. (“Cardlytics” or the “Company”) (NASDAQ: CDLX) on behalf of investors concerning the Company’s possible violations of federal securities laws. IF YOU ARE AN INVESTOR WHO LOST MONEY ON CARDLYTICS, INC. (CDLX), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS. What Is The Investigation About? On August 7, 2024, Cardlytics released its second quarter 2024 finan

NEW YORK--(BUSINESS WIRE)--Focus Financial Partners Inc., an interdependent partnership of wealth management, business management, and related financial services firms, announced today that two Focus network firms, Lake Street Advisors Group, LLC and Edge Capital Group, LLC, have each entered into definitive agreements to join SCS Financial, Focus Partners Family Office and OCIO, headquartered in Boston, MA. Both transactions are expected to close in the first quarter of 2025, subject to custom

NEW YORK--(BUSINESS WIRE)--Pershing Square Capital Management, L.P. (“Pershing Square”) will host an X Live broadcast on Thursday, January 16, 2025, at 9:00 AM EST. During the broadcast, Pershing Square CEO Bill Ackman and other members of the Investment Team will make a presentation about Fannie Mae and Freddie Mac and their upcoming release from conservatorship. The broadcast can be accessed here: https://x.com/i/broadcasts/1vOxwrjeZgbJB About Pershing Square Capital Management, L.P. Pershing

HERNDON, Va.--(BUSINESS WIRE)--Beacon (Nasdaq: BECN) (the “Company”) today confirmed that it has previously received and rejected an unsolicited, non-binding proposal from QXO, Inc. (Nasdaq: QXO) to acquire all outstanding shares of the Company for $124.25 per share in cash. QXO’s proposal, publicized today, was received on November 11, 2024. Consistent with its fiduciary duties, and in consultation with its independent financial and legal advisors, Beacon’s Board of Directors (the “Board”) tho

MALVERN, Pa.--(BUSINESS WIRE)--The Collaborator Award recognizes contributions and dedication to advancing annuity and life insurance initiatives within the industry.

CHICAGO & SAN ANTONIO--(BUSINESS WIRE)--AAM Insurance Investment Management, a provider of asset management services for the insurance industry, and Affinius Capital, an institutional real estate investment management firm, have announced a strategic partnership. This new partnership will provide AAM's insurance company clients with Commercial Real Estate (“CRE”) Strategies. The program is expected to leverage the expertise of both firms, combining AAM’s deep understanding of insurance investme

CHICAGO--(BUSINESS WIRE)-- #SaaS--Property management software platform PropertyTek welcomes Lynette Grinter as head of marketing.

TYLER, Texas--(BUSINESS WIRE)--Both name partners of trial and litigation boutique Martin Walker PC have been chosen for Lawdragon’s most exclusive legal listing, the 500 Leading Lawyers in America. The 2025 edition lists Reid Martin and Jack Walker for excellence in personal injury litigation on behalf of plaintiffs. The duo is renowned for victories in medical malpractice matters and personal injury cases against major corporations such as Walmart. The firm also handles complex motor vehicle

TORONTO--(BUSINESS WIRE)--Messagepoint announced today that it has been named a winner for the second consecutive year in the 2025 BIG Innovation Awards, presented by the Business Intelligence Group, in the software category. The Healthcare Touchpoint Exchange, a SaaS solution designed to support Medicare Advantage Organizations (MAOs) in preparing health plan materials, was recognized for its groundbreaking new AI-powered translation capabilities. “The demand for translated Medicare Advantage

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz reminds investors of the upcoming January 17, 2025 deadline to participate as a lead plaintiff in the securities fraud class action lawsuit filed on behalf of investors who acquired Humacyte, Inc. (“Humacyte” or the “Company”) (NASDAQ: HUMA) securities between May 10, 2024 and October 17, 2024, inclusive (the “Class Period”). IF YOU ARE AN INVESTOR WHO LOST MONEY ON HUMACYTE, INC. (HUMA), CLICK HERE TO PARTICIPATE IN THE SECURITIES