Lastest from Businesswire

NEW ORLEANS--(BUSINESS WIRE)--Nearly 40 Gulf Coast homeowners will receive support to rebuild their homes thanks to a more than $500,000 disbursement* from the Federal Home Loan Bank of Dallas (FHLB Dallas) and Hancock Whitney Bank. The banks celebrated the investment in community resilience at a ceremonial check presentation with a local homeowner and Rebuilding Together New Orleans, a local nonprofit that helped facilitate grants for 12 residents in New Orleans, Louisiana. The grants, funded

OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” (Excellent) of Kansas City Life Insurance Company (Kansas City Life) [OTCQX: KCLI]. At the same time, AM Best downgraded the FSR to B+ (Good) from B++ (Good) and the Long-Term ICR to “bbb-” (Good) from “bbb” (Good) of Grange Life Insurance Company (Grange Life) (Columbus, OH). Th

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Financial Inc. (NYSE: EFC) ("we") today announced that its Board of Directors has declared the following: (i) a monthly dividend of $0.13 per share of common stock, payable on January 30, 2026 to common stockholders of record as of December 31, 2025; (ii) a quarterly dividend of $0.593907 per share on the Company's Series A Floating Rate Cumulative Redeemable Preferred Stock, payable on January 30, 2026 to Series A preferred stockholders of recor

RADNOR, Pa.--(BUSINESS WIRE)--Lincoln Financial (NYSE: LNC) today announced the appointment of Nilanjan (Neel) Adhya as Executive Vice President, Chief AI, Data and Analytics Officer (CAIDAO), effective January 9, 2026. In this newly created role, Adhya will advance AI and data as enterprise core capabilities. He will report to Ellen Cooper, Chairman, President and CEO, and will join Lincoln’s Senior Management Committee. Since 2021, Adhya served as Chief Digital Officer and Global Head of Digi

PEMBROKE, Bermuda--(BUSINESS WIRE)---- $AXS #insurance--AXIS Capital Holdings Limited ("AXIS Capital" or the “Company”) (NYSE: AXS) today announced that its Board of Directors has declared a quarterly dividend of $0.44 per common share payable on January 15, 2026 to shareholders of record at the close of business on December 31, 2025. In addition, the Board declared a dividend of $34.375 per Series E 5.50% preferred share (equivalent to $0.34375 per depositary share) payable on January 15, 2026 to shareholders of

HOUSTON--(BUSINESS WIRE)--PACIFIC COAST OIL TRUST (OTC–ROYTL) (the “Trust”), a royalty trust formed by Pacific Coast Energy Company LP (“PCEC”), announced today that there will be no cash distribution to the holders of its units of beneficial interest of record on November 26, 2025 based on the Trust’s calculation of net profits generated during September 2025 (the “Current Month”) as provided in the conveyance of net profits interests and overriding royalty interest (the “Conveyance”). As furt

CHATTANOOGA, Tenn.--(BUSINESS WIRE)--Unum Group (NYSE: UNM) announced today that its board of directors has approved a new share repurchase program authorizing the company to repurchase up to $1 billion of its common stock from time to time beginning on January 1, 2026. The company’s current share repurchase program will continue in effect through December 31, 2025, at which time the current program will terminate and all subsequent repurchases will take place under the new program. The timing

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) ("we" or the "Fund") today announced that its Board of Trustees has declared a monthly common dividend of $0.08 per share, payable on January 30, 2026 to shareholders of record as of December 31, 2025. Cautionary Statement Regarding Forward-Looking Statements This release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward

AUSTIN, Texas--(BUSINESS WIRE)--SilverBox Corp V (the “Company”) today announced the closing of its upsized initial public offering of 27,600,000 units at a price of $10.00 per unit, including 3,600,000 units pursuant to the exercise of the over-allotment option in full. The units began trading on the New York Stock Exchange under the ticker symbol “SBXE.U” on December 3, 2025. Each unit consists of one Class A ordinary share and one-third of one redeemable warrant of the Company. Each whole wa

NEWTON, Mass.--(BUSINESS WIRE)---- $BFAM #AI--Closing AI skill gaps with education benefits will define the 2026 talent leaders—retention and productivity depend on it.

SEOUL, South Korea & NEW YORK--(BUSINESS WIRE)--Parataxis Holdings LLC (“Parataxis Holdings”), an affiliate of Parataxis Capital Management LLC (“Parataxis Capital” or “PCM”), together with other affiliated entities, has entered into a definitive agreement with Sinsiway Co. Ltd. (KOSDAQ: 290560) (“Sinsiway” or the “Company”) in a transaction valued up to KRW 35 billion, which would result in Parataxis Holdings affiliates holding a controlling interest in the Company (the “Transaction”). Followi

MILWAUKEE--(BUSINESS WIRE)--HSA Bank, a division of Webster Bank N.A. (“Webster Bank”), and Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank, today announced that it has acquired Secure Inc. (d/b/a SecureSave), a leading provider of employer-sponsored emergency savings accounts (ESAs). HSA Bank, one of the nation’s leaders in healthcare savings and spending accounts, becomes one of the largest providers of emergency savings accounts in the country. SecureSave will

NEW YORK--(BUSINESS WIRE)---- $JYD #investigation--Scott+Scott Attorneys at Law LLP (“Scott+Scott”), an international securities and consumer rights litigation firm, today announced that it has filed a class action lawsuit against Defendants Jayud Global Logistics Limited, Xiaogang Geng, Alan Tan Khim Guan, Lin Bao, Mengmeng Hu, Freidman, LLP, and Marcum Asia CPAs, LLP (collectively, the “Defendants”). The action, which was filed in the U.S. District Court for the Southern District of New York and captioned Lindstrom

DALLAS--(BUSINESS WIRE)--Generational Group, a leading mergers and acquisitions advisory firm for privately held businesses, is pleased to announce the sale of American Coring & Supply, Inc. to a Private Investor. The acquisition closed October 14, 2025. Based in Toms River, New Jersey, American Coring & Supply, Inc. has specialized in concrete modification since 1991, providing core drilling, cutting, patching, breaking, and general excavation services for the commercial construction i

NEW YORK--(BUSINESS WIRE)--TIGER 21, the premier peer membership community for ultra-high-net-worth wealth creators and leaders, announced the appointment of Joshua Rotstein as Senior Vice President of Family Office. This newly created role underscores the organization’s deepening commitment to serving single-family office principals and expanding its Family Office Groups across U.S. and international markets. The appointment of Joshua Rotstein follows a wave of new Family Office Group launches

NEW YORK--(BUSINESS WIRE)-- #KBRA--KBRA is pleased to announce the launch of K-SIM, our cash flow simulation tool designed to simulate structured credit cash flows with clear, transparent analytics. This next-generation, web-based platform allows market participants to independently model and evaluate structured credit transactions using the same cash flow analysis engine employed by KBRA rating analysts. Replacing the legacy K-PAT tool, K-SIM represents a major advancement in KBRA’s structured credit

READING, Pa.--(BUSINESS WIRE)--SAI MedPartners (“SAI”), a global consultancy providing strategic insights and analytics to the pharmaceutical, biotechnology, and medical device industries, is pleased to announce that it has acquired The Dunn Group (“TDG”). Northlane Capital Partners (“NCP”) partnered with management to acquire SAI in June 2022. TDG, headquartered in Totowa, NJ, is a competitive intelligence firm that focuses on providing primary business intelligence to clients in the pharmaceu

VIENNA, Va.--(BUSINESS WIRE)--Middleburg, a leading developer and operator of rental housing throughout core Southern markets, has closed a $39.1 million refinance of Vesta Creeks Run, a workforce and affordable housing community located at 4640 Forest Hills Drive in North Charleston, SC. Newmark arranged the Freddie Mac financing on behalf of Middleburg. The refinancing strengthens the property's financial position and reflects strong performance following a comprehensive value-add strategy ex

JACKSONVILLE BEACH, Fla.--(BUSINESS WIRE)--Dubin Clark & Company, Inc. (“Dubin Clark”), a private equity firm focused on partnering with lower middle market businesses, is pleased to announce the sale of Reel Power International Corp. (“Reel Power” or the “Company”), a leading provider of engineered winding, spooling, and material-handling equipment, to StoneTree Investment Partners LLC (“Stone Tree”), a private equity firm specializing in niche manufacturing and industrial companies. Headq

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of “bbb+” (Good) of Nazareth Mutual Insurance Company (Nazareth) (Nazareth, PA). The outlook of the FSR is stable. The Credit Ratings (ratings) reflect Nazareth’s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, lim