Feed aggregator
Parametric expands Custom Active platform introduces more than 35 new strategies; new partnerships with Columbia Threadneedle Investments, Lord, Abbett & Co. LLC, PGIM, Polen Capital and Voya Investment Management
SEATTLE--(BUSINESS WIRE)--Parametric Portfolio Associates LLC (Parametric), part of Morgan Stanley Investment Management (“MSIM”), today announced new partnerships with Columbia Threadneedle Investments (“Columbia Threadneedle”), Lord, Abbett & Co. LLC (“Lord Abbett”), PGIM, Polen Capital and Voya Investment Management for the Custom Active solution, an innovative tax optimization capability for asset managers. MSIM also added more than 35 new strategies from both its latest and existing as
TradeStation Securities Becomes First US Broker to Launch Options Trading on TradingView
PLANTATION, Fla.--(BUSINESS WIRE)--TradeStation Securities, Inc. (“TradeStation Securities”), an award-winning† self-clearing online brokerage firm for trading stocks, options, futures, and futures options, announces that it will be the first US broker to launch options trading on TradingView, a charting and trading platform, and social network for traders and investors. "TradeStation will be the first US broker for options trading as TradingView introduces this asset class to its platform," sa
Macquarie Capital enhances aerospace, defense and government services coverage with appointment of David Farkas to Managing Director
NEW YORK--(BUSINESS WIRE)--Macquarie Capital, the corporate advisory, capital markets and principal investing arm of Macquarie Group, today announced the appointment of David Farkas as Managing Director, enhancing its aerospace, defense and government services (ADG) advisory practice. Mr. Farkas has nearly 20 years of experience across the aerospace and defense industry, both in mergers and acquisitions and as a corporate executive. He has led complex M&A transactions and portfolio transfor
MarketAxess Announces Updated Time for Conference Call Announcing Fourth Quarter and Full-Year 2024 Financial Results on Thursday, February 6, 2025
NEW YORK--(BUSINESS WIRE)--MarketAxess Holdings Inc. (Nasdaq: MKTX) the operator of a leading electronic trading platform for fixed-income securities, announced today that it has changed the time for its previously announced earnings conference call. The Company will now host its earnings conference call at 10:30 a.m. ET on Thursday, February 6, 2025. As previously announced, the Company will issue a press release announcing its fourth quarter and full-year 2024 financial results on Thursday, F
Innovative Algorithm Slashes Time to Solve Massive Optimization Problems
BOZEMAN, Mont.--(BUSINESS WIRE)--FICO (NYSE: FICO): Global analytics software leader FICO today announced that the 2024 FICO® Xpress Best Paper Award went to a team that developed an algorithm for finding solutions to difficult optimization problems with millions of variables and constraints in just a few seconds. The paper from Bjørnar Luteberget and Giorgio Sartor of SINTEF, one of Europe’s largest independent research institutes, presents the “Feasibility Jump” algorithm that accelerates the
Bank of Marin Bancorp Reports Fourth Quarter and Full Year 2024 Earnings
NOVATO, Calif.--(BUSINESS WIRE)--Bank of Marin Bancorp Reports Fourth Quarter and Full Year 2024 Earnings; Strategic Actions Drive Further Improvements in Financial Performance
Beacon Comments on QXO’s Unsolicited Tender Offer
HERNDON, Va.--(BUSINESS WIRE)--Beacon (Nasdaq: BECN) (the “Company”) today confirmed that QXO, Inc. (NYSE: QXO) has commenced an unsolicited tender offer to acquire all outstanding shares of Beacon common stock for $124.25 per share in cash. Consistent with its fiduciary duties and in consultation with its independent financial and legal advisors, the Beacon Board of Directors (the “Board”) will thoroughly evaluate QXO’s tender offer to determine the course of action that it believes is in the
2024 United States Investing Championship Final Results
LOS ANGELES--(BUSINESS WIRE)-- #TopTraders--The United States Investing Championship just announced its final results for 2024. There were four hundred fifty-one competitors, each of whom selected a real money account to be tracked before the competition began. Prior top performers include Paul Tudor Jones, Mark Minervini, David Ryan, Mark Strome, and Dr. Edward O. Thorp. In the $1,000,000+ stock division, setting a new record of + 353.9%, is J Law, from Hong Kong. Mr. Law broke Mark Minervini’s prior record
ResiCentral and New American Funding Leverage Polly to Revolutionize Mortgage Broker and Loan Officer Experiences with AI
SAN FRANCISCO--(BUSINESS WIRE)--Polly, the leading provider of innovative enterprise technology and artificial intelligence for mortgage capital markets, unveils the impressive productivity gains wholesale mortgage company ResiCentral and national mortgage lender New American Funding (NAF) are seeing from its novel AI platform, Polly/™ AI. Powered by state-of-the-art AI/ML algorithms and Polly's proprietary technology and data, the platform is embedded directly within Polly's next-generation, c
Advantage Capital Invests $2.5 Million to Support Ohio-Based UMECC, Driving Growth in Steel Production Equipment Industry
ST. LOUIS--(BUSINESS WIRE)--Advantage Capital, a leading impact investment firm, today announced a $2.5 million investment to support entrepreneur Adam Salmen in acquiring a controlling stake in the United Metallurgical Equipment Companies of Cincinnati (UMECC), based in West Chester, Ohio. UMECC specializes in providing a variety of quality equipment for integrated steel mills, mini mills, stainless and aluminum mills, and iron ore mines in North America. The investment will enable the company
Algebrik AI Partners with Auto Exam to Seamlessly Deliver Auto Loan Protection Solutions
NEW YORK--(BUSINESS WIRE)-- #AIinFinance--Algebrik AI Inc., a Delaware-incorporated company headquartered in New York City, pioneering the world's first cloud-native, AI-powered, digital-era Loan Origination Platform (LOS), today announced a strategic partnership with Auto Exam, a leading provider of vehicle service contracts, GAP insurance, and collateral protection products. This collaboration aims to revolutionize auto lending by integrating comprehensive protection solutions directly into the loan origina
Sierra Bancorp Reports Year End 2024 Results and Quarterly Earnings
PORTERVILLE, Calif.--(BUSINESS WIRE)--Sierra Bancorp Reports Year End 2024 Results and Quarterly Earnings
Steel Connect Issues Public Letter to DMC Global Board
NEW YORK--(BUSINESS WIRE)--Steel Connect, Inc. (together with its affiliates, “Steel”), which beneficially owns approximately 9.9% of the outstanding shares of DMC Global Inc. (Nasdaq: BOOM) (the “Company” or “DMC”), today issued a public letter to the Company’s Board of Directors (the “Board”). The full text of the letter is below. January 27, 2025 Board of Directors DMC Global Inc. 11800 Ridge Parkway, Suite 300 Broomfield, Colorado 80021 Dear DMC Board Members, We have consistently attempted
MultiPlan Announces Expiration and Results of Exchange Offers and Consent Solicitations for Outstanding Notes and Term Loans with Over 99% Participation of Existing Noteholders and Lenders
NEW YORK--(BUSINESS WIRE)---- $MPLN #MPLN--MultiPlan Corporation (NYSE: MPLN) (“MultiPlan” or the “Company”), a leading provider of technology and data solutions focused on cost management, improving quality and transparency in healthcare, today announced the expiration and results of the previously announced separate offers to exchange (each an “Exchange Offer” and, together, the “Exchange Offers”) (i) 5.50% Senior Secured Notes due 2028 issued by MPH Acquisition Holdings LLC (“MPH”) (the “Existing Secured No
Leelyn Smith Welcomes Elizabeth Kittner as Chief Financial Officer and Managing Director
GENEVA, Ill.--(BUSINESS WIRE)--Leelyn Smith, a leading tax, accounting, and wealth advisory firm, proudly announces the appointment of Elizabeth Kittner as Chief Financial Officer and Managing Director. This strategic addition underscores the firm’s commitment to delivering innovative, comprehensive solutions for its clients. Kittner brings a dynamic blend of expertise and leadership to Leelyn Smith, with over 20 years of experience in finance, accounting, and human capital management. As Chief
Fifth Third Customers Get Tax Refunds Five Days Early, For Free
CINCINNATI--(BUSINESS WIRE)--Fifth Third (NASDAQ: FITB) customers can receive tax refunds via direct deposit up to five days early, for free, with a Fifth Third Momentum® Banking account.1 Fifth Third is one of the only banks in the country to offer this service to customers. Getting customers tax refunds up to five days early is just one way Fifth Third challenges what is possible, making banking a Fifth Third Better®. According to the IRS, nine out of ten consumers who file electronically and
Terravet Real Estate Solutions Expands into Atlanta Metro Area with $5.37 Million Acquisition of Three Veterinary Facilities
BALA CYNWYD, Pa.--(BUSINESS WIRE)--Terravet has expanded into the Atlanta metro area with a $5.37 million acquisition of three facilities in Peachtree City and Fairburn, Georgia.
Stellex Capital Management to Acquire Critical Power Infrastructure Solutions Provider Rokstad Holdings Corporation
NEW YORK & LONDON--(BUSINESS WIRE)--Stellex Capital Management (“Stellex”), a New York-based private equity firm, announced today that it has entered into an agreement to acquire the U.S. assets of Rokstad Holdings Corporation (“Rokstad” or the “Company”), a provider of transmission and distribution (“T&D”) services for critical power infrastructure from FTI Consulting Canada Inc, in its capacity as court-appointed receiver of Rokstad. Financial terms of the transaction were not disclosed.
Hilltop Opportunity Partners Announces Agreement to Sell Its Interest in Moser Energy Systems
DALLAS--(BUSINESS WIRE)--Hilltop Opportunity Partners, the merchant bank subsidiary of Hilltop Holdings Inc. (NYSE: HTH), today announced that its portfolio company, Moser Holdings, LLC, entered into a definitive agreement to sell all of the capital stock of Moser Acquisition, Inc., a wholly owned subsidiary of Moser Holdings, LLC, to Atlas Energy Solutions Inc. (“Atlas”). Moser Energy Systems, a wholly owned subsidiary of Moser Acquisition, Inc., is a leading provider of distributed power solu
CROX INVESTOR NOTICE: Robbins Geller Rudman & Dowd LLP Announces that Crocs, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
SAN DIEGO--(BUSINESS WIRE)--The suit alleges defendants issued false statements concerning Crocs business and prospects, resulting in its stock trading at inflated prices.