Lastest from Businesswire

PARIS--(BUSINESS WIRE)--UMA (Universal Mechanical Assistant), a new robotics intelligence company founded by former leaders from Tesla, Google DeepMind, Nvidia and Hugging Face, launches today with a clear goal: to bring advanced AI into the physical world and build humanoid robots ready for real work, in real environments, at scale. UMA’s founders were instrumental in shaping the last decade of breakthroughs in deep learning, robotics and open-source AI. They are convinced that the next era of

NEW YORK--(BUSINESS WIRE)--Rithm Capital Corp. (“Rithm”), a global alternative asset manager, today announced the successful completion of its previously announced acquisition of Crestline Management, L.P. (“Crestline”). This acquisition marks a pivotal step in Rithm’s strategy to build an integrated, diversified asset management platform delivering differentiated investment offerings to institutional and private wealth investors. Together with Crestline and Sculptor, Rithm’s over 200 investmen

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns an A+ long-term rating to the City of Chicago, Illinois Chicago O'Hare International Airport General Airport Senior Lien Revenue Refunding Bonds (GARBs) Series 2025C (non-AMT) and Series 2025D (non-AMT). Concurrently KBRA affirms the long-term A+ rating on the City's approximately $10.8 billion of currently outstanding GARBs. The outlook is Stable. Proceeds of the Series 2025C and 2025D bonds will be used to refund certain Outstanding Senior Lien Bonds, r

PORTLAND, Maine--(BUSINESS WIRE)--BerryDunn, a full-service accounting, tax, and consulting firm, is proud to announce that CEO Sarah Belliveau, CPA, has been named to Forbes’ 2025 list of America’s Top 200 CPAs. The annual Forbes recognition honors CPAs who excel in their specialties, demonstrate leadership in their fields, advance their profession, and make meaningful contributions to their communities. According to Forbes, honorees are selected through a rigorous, multi-stage process involvi

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to Series 2025-1 (Bluepeak 2025-1, or Series 2025-1), from Bluepeak ABS Issuer, LLC, a communications infrastructure securitization (CIS) that is primarily collateralized by fiber-to-the-home (FTTH) networks and related contracts. Bluepeak 2025-1 represents the first securitization for Bluepeak ABS Issuer, LLC (the Issuer). The transaction structure is a master trust, and as such, the Indenture permits the issuance of additional classe

SALT LAKE CITY--(BUSINESS WIRE)--PROG Holdings, Inc. (NYSE:PRG), the fintech holding company for Progressive Leasing, Four Technologies, and Build, today announced it has reached an agreement to acquire Purchasing Power, a leading voluntary employee benefit program provider allowing employees to purchase brand-name products and services through either automatic payroll deductions or allotments. Purchasing Power successfully partners with some of America’s largest employers across more than 25 i

SAN DIEGO--(BUSINESS WIRE)--The suit alleges defendants issued false statements re: StubHub business and prospects, resulting in its stock trading at inflated prices.

BOSTON--(BUSINESS WIRE)--The following Eaton Vance closed-end funds (the “Funds”) announced distributions today as detailed below. Declaration – 12/1/2025 Ex-Date – 12/12/2025 Record – 12/12/2025 Payable – 12/24/2025   Municipal Bond Funds:                     Fund   Ticker   Distribution   Change From Prior Distribution   Closing Market Price – 11/28/25   Distribution Rate at Market Price Eaton Vance California Municipal Income Trust   CEV   $0.0500   -   $10.49   5.72% Eaton Vance Municipal I

NEW YORK--(BUSINESS WIRE)--MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for fixed-income securities, today announced that Chris Concannon, Chief Executive Officer, and Ilene Fiszel Bieler, Chief Financial Officer, will participate in the Goldman Sachs Financial Services Conference on December 9, 2025. Mr. Concannon and Ms. Fiszel Bieler will participate in a fireside chat at 10:00 a.m. ET. The live webcast and replay for the fireside chat will

ATLANTA--(BUSINESS WIRE)--Angel Oak Financial Strategies Income Term Trust Declares December 2025 Distribution

NASHVILLE, Tenn. & COLUMBUS, Ga.--(BUSINESS WIRE)--Pinnacle Financial Partners (Nasdaq/NGS: PNFP) and Synovus Financial Corp. (NYSE: SNV) today announced the anticipated membership of the board of directors of the combined company resulting from their proposed combination, to be named Pinnacle Financial Partners. The combined company board will include eight directors from Pinnacle and seven from Synovus, with six independent directors from each company. Pinnacle’s current President and CEO Ter

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to 20 classes of mortgage-backed notes from RCKT Mortgage Trust 2025-CES12 (RCKT 2025-CES12). RCKT Mortgage Trust 2025-CES12 (RCKT 2025-CES12) is a $499.3 million RMBS transaction, as of the cut-off date, sponsored by Woodward Capital Management LLC, a wholly owned affiliate of Rocket Mortgage, LLC, and Blue River Mortgage VI LLC, and consists entirely of newly originated closed-end second lien mortgages (CES; 100.0%). The underlying p

HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Convertible & Income Fund II (NYSE: NCZ) announced today that it has declared a $0.34375 per share cash distribution payable on December 31, 2025 to Series A cumulative preferred shareholders of record on December 11, 2025. The Series A Cumulative Preferred Shares, which trade on the New York Stock Exchange under the symbol NCZ PR A, are rated “A” by Fitch Ratings and have an annual dividend rate of $1.375 per share. The 4,360,000 Series A Cumulative

BOSTON--(BUSINESS WIRE)--MFS Announces Closed-End Fund Distributions for December 2025

NEW YORK--(BUSINESS WIRE)--MetLife, Inc. (NYSE: MET) today announced it has completed its previously announced $10 billion variable annuity risk transfer transaction with Talcott Resolution Life Insurance Company (Talcott), a life insurance and annuities subsidiary of Talcott Financial Group. Expected foregone annual adjusted earnings total of approximately $100 million will be partially offset by annual hedge cost savings of approximately $45 million. The transaction reduces portfolio risk, ac

NEW YORK--(BUSINESS WIRE)--Onslow Bay Closes 100th Residential Whole Loan Securitization

HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Convertible & Income Fund (NYSE: NCV) announced today that it has declared a $0.3515625 per share cash distribution payable on December 31, 2025 to Series A cumulative preferred shareholders of record on December 11, 2025. The Series A Cumulative Preferred Shares, which trade on the New York Stock Exchange under the symbol NCV PR A, are rated “A” by Fitch Ratings and have an annual dividend rate of $1.40625 per share. The 4,000,000 Series A Cumulativ

BOSTON--(BUSINESS WIRE)--Acadian Asset Management Inc. (NYSE: AAMI) today announced the completion of the redemption of all $275 million aggregate principal amount outstanding of its 4.800% Senior Notes due July 27, 2026. The redemption was funded through a combination of a previously disclosed $200 million term loan facility and cash on hand. As previously disclosed, on October 28, 2025, and in connection with the redemption, Acadian Asset Management LLC, the Company's majority-owned subsidiar

ATLANTA--(BUSINESS WIRE)--Vestis Corporation (NYSE: VSTS), a leading provider of uniforms and workplace supplies, today announced its results for the fiscal fourth quarter and full-year periods ended October 3, 2025, both of which reflect an additional week of operations when compared to the same prior year period. Fourth Quarter 2025 Results Revenue of $712 million Operating Income of $18 million Net Loss of $13 million, or $(0.10) per diluted share Adjusted Net Income* of $4 million, or $0.03

OKLAHOMA CITY--(BUSINESS WIRE)--Paycom Software, Inc. (“Paycom”) (NYSE: PAYC), a leading provider of comprehensive, cloud-based human capital management software, today announced that the company will present at the Barclays Global Technology Conference on Dec. 10 in San Francisco. Event Details: Barclays Global Technology Conference Date: Dec. 10 Time: 2:30 p.m. (Pacific) Location: San Francisco A live webcast of the presentation will be available at investors.paycom.com under the “Events” tab