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NEW YORK--(BUSINESS WIRE)--Category: Financials

NEW YORK--(BUSINESS WIRE)--ClearBridge MLP and Midstream Fund Inc. (NYSE: CEM) announced today the unaudited statement of assets and liabilities, the net asset value and asset coverage ratio of the Fund as of December 31, 2023. As of December 31, 2023, the Fund’s net assets were $576.4 million, and its net asset value per share was $43.36. The Fund’s asset coverage ratio under the Investment Company Act of 1940 (the “1940 Act”) with respect to senior indebtedness was 418% and the Fund’s asset c

SAN FRANCISCO--(BUSINESS WIRE)--NerdWallet Announces Winners of its 2024 Best-Of Awards

COLUMBUS, Ohio--(BUSINESS WIRE)--Bread Financial Holdings, Inc. (NYSE: BFH) (“Bread Financial” or the “Company”) announced today that it intends to offer, subject to market and other conditions, an additional $200 million aggregate principal amount of its 9.750% Senior Notes due 2029 (the “Additional Notes”) in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). The Company intends to use the net proceeds of the

LONDON--(BUSINESS WIRE)-- #creditratingagency--KBRA UK (KBRA) assigns preliminary ratings to Together Asset Backed Securitisation 2024-2ND1 PLC (TABS X) a static non-conforming RMBS securitisation backed predominantly by a portfolio of second lien mortgage loans. The mortgages were originated between 2016 and 2023 by Together Personal Finance Limited (65.4% of the portfolio) and Together Commercial Finance Limited (34.6% of the portfolio) which are wholly owned subsidiaries of Together Financial Services Limited (To

BOSTON--(BUSINESS WIRE)--Cure Ventures (“Cure”), a life sciences venture capital firm focusing on company formation around groundbreaking curative technologies, today announced the appointment of industry leaders Jeff Jonas, M.D. and Al Robichaud, Ph.D. as partners to expand the firm’s work with biotech entrepreneurs in developing therapeutics that cure life-altering diseases. For more than 30 years, Dr. Jonas has thrived in R&D leadership and cutting-edge drug discovery, both of which are

DALLAS--(BUSINESS WIRE)--NETSTREIT Corp. (NYSE: NTST) (the “Company”) today provided an update on the Company's fourth quarter and full year 2023 business activities. “With the Company completing $431.0 million of net investment activity in 2023, we were pleased to meet our investment objectives for the year and maintain our focus on owning high quality net lease properties leased to tenants with exceptional credit profiles. Coupled with the $76.7 million of equity raised during the fourth quar

QUINCY, Mass.--(BUSINESS WIRE)--J.Jill, Inc. (NYSE:JILL) today reaffirmed its fourth quarter and full year 2023 guidance in advance of its presentation and investor meetings at the 26th Annual ICR Conference. For the fourth quarter of fiscal 2023, the Company continues to expect revenues to be approximately flat compared to the fourth quarter of fiscal 2022, and for Adjusted EBITDA* to be in the range of $11.0 million and $13.0 million. For fiscal 2023, the Company continues to expect Adjusted

ROSEMONT, Ill.--(BUSINESS WIRE)--US Foods Holding Corp. (NYSE: USFD) announced today that it is reaffirming its fiscal year 2023 guidance introduced on its third quarter earnings call on Nov. 9, 2023. Outlook for Fiscal Year 20231 The Company is reaffirming its previously announced fiscal year 2023 guidance of: Adjusted EBITDA of $1.54-$1.56 billion Adjusted Diluted EPS of $2.60-$2.70 Interest expense of $320-$325 million Total capital expenditures of $410-$430 million, consisting of $290-$310

LOS ANGELES--(BUSINESS WIRE)--Air Lease Corporation (NYSE: AL) will host a conference call on February 15, 2024 at 4:30 PM Eastern Time to discuss the Company’s financial results for the fourth quarter and year end 2023. Investors can participate in the conference call by dialing 1 (888) 660-6652 domestic or 1 (646) 960-0554 international. The passcode for the call is 5952437. The conference call will also be broadcast live through a link on the Investors page of the Air Lease Corporation websi

CLEVELAND--(BUSINESS WIRE)-- #CISO--TRG Unveils New Global Positioning with Bold New Brand and Website; starts 2024 to match its expanded global footprint after years of growth

BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)-- #O2Investment--O2 Investment Partners is excited to announce the promotion of Sean Darin to Principal.

PALO ALTO, Calif.--(BUSINESS WIRE)--Recognized for its instrumental role in helping cleantech, energy transition, mobility, and renewable energy companies reach their business goals, climate tech public relations (PR) firm Technica Communications has earned a prestigious spot on the PRNEWS Agency Elite Top 100. Every year, a carefully chosen set of agencies is singled out to showcase the most outstanding and accomplished firms in PR and Communications. In 2023 alone, Technica secured a collecti

PARSIPPANY, N.J.--(BUSINESS WIRE)-- #CareerDevelopment--Stratton Equities, a leading Nationwide Private Money and NON-QM Mortgage Lender stands out as a preferred employer, evidenced by glowing employee testimonials on platforms like Indeed.com, Glassdoor.com, and Comparably.com. The company's success is attributed to its unwavering commitment to a positive work environment, innovative programs, intensive training model, a unique lead generation platform, and significant milestones in its loan portfolio. Employees

LONDON & BOSTON--(BUSINESS WIRE)--Aptia (the “Company”), a dedicated pension, health and benefits administration specialist, today announced its formal launch with 1,100 global clients to support more than 7 million people with health and wealth administration. Aptia was formed by the acquisition of the UK pension administration and U.S. health and benefits administration segments of Mercer, a business of Marsh McLennan (NYSE: MMC), by Bain Capital Insurance with participation from Bala Viswana

LONDON & TOKYO & JERSEY CITY, N.J.--(BUSINESS WIRE)-- #B2C2--B2C2, the leading institutional digital asset liquidity provider, today announces that Thomas Restout has been appointed Group CEO, replacing Nicola White who has left the company. Thomas Restout was previously EMEA CEO of B2C2. He joined the company in September 2022 from Morgan Stanley, where he was most recently Global Head of Macro Electronic Trading. He was a member of the Morgan Stanley Securities Digital Currencies working group and sp

OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--The global reinsurance industry demonstrated a significant recovery of prior-year capital losses in 2023, driven by strong technical results, unrealized capital gains and higher reinvestment rates, according to a new AM Best commentary. In its Best’s Commentary, “Strong Recovery in Total Reinsurance Capital Countered by Surplus Distributions,” AM Best states that traditional reinsurers capitalized on the improvement in their technical results throughout 2023, as

OMAHA, Neb.--(BUSINESS WIRE)--(BRK.A; BRK.B) – Berkshire Hathaway Inc. is pleased to announce that it has reached an agreement to fully settle the Delaware litigation, including all claims and counterclaims, between Pilot Corporation and Berkshire Hathaway Inc., Pilot Travel Centers LLC, and National Indemnity Company. About Berkshire Berkshire Hathaway and its subsidiaries engage in diverse business activities including insurance and reinsurance, utilities and energy, freight rail transportati

Because by nature they are optimists, small business leaders tend to avoid talking about bankruptcy of their company and/or themselves.

Yet, in 2023, commercial bankruptcies increased by 72% year-over-year, and filings for the discharge of personal debt increased by 18%.  With experts expecting these numbers to go up in 2024, the good news is that they remain below pre-pandemic levels.

Storyset

However, small business leaders should still be cognizant of the growing cloud as bankruptcies are becoming more frequent.  “Bankruptcies in all filing categories climbed last year amid the evaporation of pandemic emergency responses, increased interest rates and tougher lending standards,” said ABI Executive Director Amy Quackenboss.

Having identify the trend, there are ways to identify potential issues which could affect your company’s future.

Experts warn that as interest rates remain elevated, financing requirements become more stringent, weakening customer loyalty, increasing geopolitical tensions affecting global supply chains, and growing debt loads, even the strongest companies must remain alert to maintaining financial strength.

Johnstocker

Based on studies of small business bankruptcies, there are four keys to identifying possible future problems.  This is the so-call company ‘FQ’ of financial quality.

1. Weekly cash summary: Does the company have enough cash to finance the coming week’s financial outlays?  Including payroll, expected materials delivery, loan repayment.
2. Line of Credit: Is there a source of funds available to immediately cover any shortfall in the company’s cash position?
3. Accounts receivable: Are 60% or more of all outstanding debts within 80 days of initial rendering?
4. Accounts payable: Are 60% of bills owed outstanding more than 80 days?

If the answer to any of these four questions is yes, small business leaders should highlight them and take steps to alleviate.  If they persist beyond two months, it is time to institute remedies.

Freepick

Because many companies, particularly in their early stages, operate on thin margins, FQ guidelines often appear.  This doesn’t mean the company is headed for failure.

However, should they persist for long periods of time, it may suggest that bankruptcy be considered.

As Winston Churchill said: “Success is based on a long series of failure.”

Struggling businesses and families can turn to the proven process of bankruptcy for a financial fresh start.

rawpicture.com

NEW ORLEANS--(BUSINESS WIRE)--Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until March 4, 2024 to file lead plaintiff applications in a securities class action lawsuit against Focus Financial Partners Inc. (NasdaqGS: FOCS), if they (1) sold shares of Focus Financial common stock from February 27, 2023 through the closing of the “take-private” acquisition of Focus Financial by Clayton, Dubilier &am