Lastest from Businesswire
AM Best Affirms Credit Ratings of RBC Life Insurance Company
OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” (Excellent) of RBC Life Insurance Company (RBC Life) (Mississauga, Ontario). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect RBC Life’s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management. RBC Life h
Valmark Financial Group Leads Consumer-First Innovation in Life Settlements With Streamlined Policy Pricing and Expanded Market Access to Maximize Client Value
AKRON, Ohio--(BUSINESS WIRE)--The Valmark Financial Group family of companies, with 60-plus years of life insurance experience and 20-plus years of life settlement experience, is setting a new standard for consumer empowerment and marketplace innovation in the life settlements industry. Through proprietary pricing strategies, institutional partnerships, and client education, Valmark is delivering transformative value to policyowners and professional advisors alike. Unlocking Hidden Value Throug
Madison Simm Appointed Chief Executive Officer of Change Lending
ANAHEIM, Calif.--(BUSINESS WIRE)-- #africanamerican--Change Lending is pleased to announce the appointment of Madison Simm as Chief Executive Officer (“CEO”). Mr. Simm, who currently serves as Chief Financial Officer (“CFO”), will continue in that role while assuming leadership of the company’s strategic vision and operational growth. With over 25 years of leadership experience in the financial services industry, Mr. Simm brings extensive expertise in mortgage lending, capital markets, and financial management. P
Jury Produces $10 Million Verdict Against Grocery Store Ownership
DALLAS--(BUSINESS WIRE)--A Dallas County jury has returned a $10 million verdict against the shipping arm of the El Rancho Supermercado chain, finding the organization which operates under the corporate name of Mexico Foods breached contractual agreements and promises with Dallas-based Skyward Transportation. According to court documents, Skyward, founded by Curtis Lawrence when he was 19 years old, managed the majority of grocery delivery and backhaul services for the chain for more than a dec
Regions Foundation Announces Disaster-Recovery Grants for Key Areas Impacted by Recent Midwestern Storms
ST. LOUIS--(BUSINESS WIRE)--Regions Foundation Announces Disaster-Recovery Grants for Key Areas Impacted by Recent Midwestern Storms
NEOS Investments Announces May 2025 ETF Suite Distributions
WESTPORT, Conn.--(BUSINESS WIRE)--NEOS Investments, an asset management firm comprised of leaders and pioneers in the options-based ETF space, announces May monthly distribution amounts for their suite of ETFs that pursue monthly income and tax efficiency across core portfolio exposures. ETF distribution information as of the May 2025 Ex-Div Date (5/21/2025) Distribution Rate* Amount / Share (%) Amount / Share ($) Distribution Frequency 30-Day SEC Yield** Bitcoin High Income ETF (BTCI) 30.2
PPG recognized on Financial Times ‘Europe's Best Employers 2025’ list
PITTSBURGH--(BUSINESS WIRE)--PPG has been recognized as one of “Europe’s Best Employers 2025” by the Financial Times.
ICE First Look at Mortgage Performance: Foreclosure Activity Edges Higher Following Recent Record Lows
ATLANTA & NEW YORK--(BUSINESS WIRE)--Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, today released its April 2025 First Look, which shows U.S. Department of Veterans Affairs (VA) mortgages progressing through the foreclosure pipeline following the recent moratorium expiration. The ICE First Look reports on month-end delinquency, foreclosure and prepayment statistics sourced from its loan-level database, which covers a majority of the U.S. mortgage
FDA Panel Reiterates the Cancer Risks of Talc
WASHINGTON--(BUSINESS WIRE)--A panel of medical experts convened by the U.S. Food & Drug Administration urged the agency to study and adopt new standards to prohibit the use of talc in consumer products such as gum, candy, rice and pharmaceuticals. Many of the experts cited the more than 30 years of studies showing an association between talc use and ovarian cancer, which led Johnson & Johnson (NYSE:JNJ) to remove the company’s iconic body powders from the market in recent years. “It’s
Rent-A-Center Opens New Store in Harlan, Kentucky; Grand Opening Celebration Scheduled on May 30
PLANO, Texas--(BUSINESS WIRE)--Upbound Group, Inc. (the "Company" or "Upbound") (NASDAQ: UPBD), a technology and data-driven leader in accessible and inclusive financial solutions that address the evolving needs and aspirations of underserved consumers, has announced the opening of a new Rent-A-Center franchise store in Harlan, Kentucky. The new Rent-A-Center store is located at 168 Village Center Rd., Suite 163, and is open from 10 a.m.-6 p.m. Mondays through Fridays and 9 a.m.-6 p.m. on Satur
Luminar Improves Capital Structure with Repurchase of $50 Million in 2026 Convertible Senior Notes
ORLANDO, Fla.--(BUSINESS WIRE)--Luminar Technologies (NASDAQ: LAZR), a leading global automotive technology company, today announced it has entered into separate, individually negotiated private agreements with certain holders of its outstanding 1.25% Convertible Senior Notes due 2026 to acquire $50 million in aggregate principal amount of notes through repurchases for approximately $30 million in cash and exchanges for 1.1 million in newly issued shares of common stock. The repurchase transact
PublicSquare Announces CFO Transition
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--PSQ Holdings, Inc. (NYSE: PSQH) (“PublicSquare,” or the “Company”), America's leading marketplace and payments ecosystem valuing life, family, and liberty, today announced that James Rinn has been appointed Chief Financial Officer, effective June 1, 2025. Mr. Rinn, who has served as a board member and chair of the PublicSquare Audit Committee since July 2023, will succeed Brad Searle, who will transition to Senior Vice President of Finance for the Company
Modiv Provides Clarity on Reverse Stock Split Proposal
DENVER--(BUSINESS WIRE)--Modiv Industrial, Inc. (“Modiv Industrial”, “Modiv”, the “Company”, “we” or “our”), (NYSE:MDV), the only public REIT exclusively focused on acquiring industrial manufacturing real estate, today issued the following message from the CEO to provide clarity regarding the rationale and impact of the reverse stock proposal set forth in the Company’s proxy statement for its 2025 Annual Meeting of Stockholders: “A few weeks ago, we filed our 2025 annual proxy statement. We hav
Generation Announces Receipt of Support Letter for up to $200 Million from leading Financial Lender
TORONTO--(BUSINESS WIRE)--Generation Mining Limited (TSX:GENM, OTCQB: GENMF) ("Gen Mining" or the "Company") is pleased to announce receipt of a support letter from a leading Canadian financial institution stating its interest to provide up to $200 million in a new long-term credit facility for the Marathon Copper-Palladium Project (the “Marathon Project”), which would be in addition to the senior secured project finance facility to be arranged with the mandated senior lenders. Jamie Levy, Pres
RedBird Capital Partners Announces Agreement To Acquire Telegraph Media Group
NEW YORK--(BUSINESS WIRE)--RedBird Capital Partners (“RedBird”) today announced that it has reached an in-principle agreement to acquire The Telegraph Media Group (“The Telegraph” or “TMG”) at a total enterprise valuation of £500m, becoming the sole control owner. It is the largest investment in UK print media in a decade and unlocks a new era of growth for the 170-year-old title. RedBird’s growth strategy will include capital investment in the group’s digital operations to continue driving sub
DV Investors Have Opportunity to Lead DoubleVerify Holdings, Inc. Securities Fraud Lawsuit with the Schall Law Firm
LOS ANGELES--(BUSINESS WIRE)--DV Investors Have Opportunity to Lead DoubleVerify Holdings, Inc. Securities Fraud Lawsuit with the Schall Law Firm
CIMB Bank Taps ACI Worldwide to Advance Payment Transformation
OMAHA, Neb. & SINGAPORE--(BUSINESS WIRE)--ACI Worldwide (NASDAQ: ACIW), an original innovator in global payments technology, today announced that CIMB Bank, one of ASEAN’s leading banking groups and Malaysia’s second largest financial services provider, has chosen ACI’s payment solution to converge all account-to-account transactions—real-time, ACH, RTGS and cross-border—onto a single future-proof payments platform. As the industry pushes toward ISO 20022 standardization, this new ISO20022-nati
Kirby McInerney LLP Reminds West Pharmaceutical Services, Inc. (WST) Investors of Class Action Filing and Encourages Investors to Contact the Firm
NEW YORK--(BUSINESS WIRE)---- $WST #CLASSACTIONLAWSUIT--The law firm of Kirby McInerney LLP reminds investors who purchased West Pharmaceutical Services, Inc. (“West” or the “Company”) (NYSE:WST) securities to contact Thomas W. Elrod of Kirby McInerney LLP by email at investigations@kmllp.com, or fill out the contact form below, to discuss your rights or interests with respect to the securities fraud class action lawsuit against the Company. [CONTACT FORM] The lawsuit was filed on behalf of investors who acquired West secu
Ademi & Fruchter LLP Investigates Claims of Securities Fraud against Proficient Auto Logistics, Inc.
MILWAUKEE--(BUSINESS WIRE)--Ademi & Fruchter LLP is investigating possible securities fraud claims against Proficient Auto Logistics (NASDAQ: PAL). The investigation results from inaccurate statements Proficient Auto Logistics made regarding its business operations and prospects. Click here to join our investigation or to obtain additional information, or contact us at gademi@ademilaw.com or toll-free: 866-264-3995. There is no cost or obligation to you. The investigation focuses on Profici
STAR EQUITY INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Star Equity Holdings, Inc. - STRR
NEW YORK & 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 Star Equity Holdings, Inc. (NasdaqGM: STRR) to Hudson Global, Inc. (NasdaqGS: HSON). Under the terms of the proposed transaction, upon completion Star shareholders will own approximately 21% of the combined company. KSF is seeking to determine whether this consideration and the process that led to i