Month: November 2016

Fitch: U.S. Credit Card Metrics Decline Slightly

NEW YORK–(BUSINESS WIRE)–U.S. credit card ABS 60+ delinquencies and chargeoffs retreated from previous record lows, according to the latest monthly index results from Fitch Ratings. After remaining below 1% for the past six months, Fitch’s Prime ended its historic streak as the index rose to 1.01% for the month of November, which is well below …

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Lucara Provides Operating Outlook for 2017

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Nov. 30, 2016) – Lucara Diamond Corp. (“Lucara” or the “Company”) (TSX:LUC)(BOTSWANA:LUC)(NASDAQ OMX Stockholm:LUC) is pleased to provide operating guidance for 2017. HIGHLIGHTS Revenue of $200 to $220 million is budgeted excluding the sale of the Lesedi La Rona diamond. Karowe operating cash costs are expected to be between $36.0 – …

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RMG Announces Commencement of Rights Offering

DALLAS, TX–(Marketwired – Nov 30, 2016) – RMG Networks Holding Corporation (NASDAQ: RMGN) (“RMG” or the “Company”), a leading provider of technology-driven visual communications solutions, today announced that it has commenced a rights offering (“Rights Offering”) to raise gross proceeds of up to approximately $4.8 million. The Company has granted, at no charge to the …

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Champion Iron Limited to Redeem Remaining Outstanding Exchangeable Shares

MONTRÉAL, QC–(Marketwired – November 30, 2016) – Champion Iron Limited (ASX: CIA) (TSX: CIA) (the “Company”) today announced that it intends to redeem all of the remaining outstanding exchangeable shares (“Remaining Exchangeable Shares”) of its wholly-owned subsidiary, Champion Exchange Limited, on or about January 30, 2017 (the “Redemption Date”). As of today’s date there are …

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A.M. Best Affirms Credit Ratings of Reaseguradora Patria, S.A.

MEXICO CITY–(BUSINESS WIRE)–A.M. Best has affirmed the Financial Strength Rating of A (Excellent), the Long-Term Issuer Credit Rating (Long-Term ICR) of “a” and the Mexico National Scale Rating of “aaa.MX” of Reaseguradora Patria, S.A. (Patria Re) (Mexico). The outlook of these Credit Ratings (ratings) is stable. A.M. Best also has affirmed the Long-Term ICR of …

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CDW Announces Small Business Market Focus and Leadership Investments

Doug Eckrote and Neal Campbell take on new roles; Mark Chong joins the company LINCOLNSHIRE, Ill.–(BUSINESS WIRE)–CDW (NASDAQ: CDW), a leading provider of technology solutions and services to business, government, education and healthcare, today announced several leadership changes designed to increase focus and continue to deliver industry-leading growth. Effective January 1, 2017, CDW will launch …

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Fitch: Enersis Americas’ Acquisition of CELG D Neutral to Credit Quality

CHICAGO–(BUSINESS WIRE)–Fitch Ratings believes Enersis Americas’ acquisition of Celg Distribuicao SA (CELG D) is consistent with Enersis Americas’ growth strategy and neutral to its credit profile. Through this acquisition, Enersis Americas continues pursuing its plan to maintain a geographic and asset diversified portfolio. Enersis Americas was recently awarded the acquisition of 95% equity stake in …

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Fitch Affirms EdSouth Indenture No. 8, LLC

NEW YORK–(BUSINESS WIRE)–Fitch Ratings has affirmed EdSouth Indenture No. 8, LLC (EdSouth No. 8) as follows: –Class A at ‘AAAsf’; Outlook Stable; –Class B at ‘Asf’; Outlook Stable. KEY RATING DRIVERS U.S. Sovereign Risk: The trust collateral comprises 100% rehabilitated Federal Family Education Loan Program (FFELP) loans, with guaranties provided by eligible guarantors and reinsurance …

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INVESTOR ALERT: Levi & Korsinsky, LLP Announces an Investigation Into Whether the Sale of Equity One Inc. to Regency Centers Corporation is Fair to Shareholders — EQY

NEW YORK, Nov. 30, 2016 /PRNewswire/ — The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased Equity One Inc. (“Equity One”) (NYSE: EQY) stock prior to November 15, 2016. You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of …

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Texas Bill Would Reform the State’s Property Tax

DALLAS, Nov. 30, 2016 /PRNewswire/ — On November 29, Texas Senators Paul Bettencourt, Brandon Creighton, Kelly Hancock, and Van Taylor filed Senate Bill 2 (“SB 2”), “Property Tax Reform & Relief Act of 2017.”   As introduced, SB 2 would: Lower the rollback tax rate from 8% to 4%; Require automatic tax ratification elections if a …

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Arthur J. Gallagher & Co. Announces Leadership Promotions in Property & Casualty Brokerage Operations

ITASCA, Ill., Nov. 30, 2016 /PRNewswire/ — Arthur J. Gallagher & Co. (NYSE: AJG) today announced three leadership promotions in its property & casualty brokerage operations. James S. Gault, currently President of Gallagher’s global property & casualty brokerage operations, will assume the newly created position of Chairman. Jim’s responsibilities will focus on developing the company’s …

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Lundin Mining Provides Operating Outlook

TORONTO, ONTARIO–(Marketwired – Nov. 30, 2016) – Lundin Mining Corporation (“Lundin Mining” or the “Company”) (TSX:LUN)(OMX:LUMI) provides the following production guidance for the three-year period of 2017 through 2019, 2017 cash costs, capital and exploration expenditure guidance, as well as five-year guidance for our Candelaria operation. Key highlights are as follows: Attributable copper production guidance …

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OCI Partners LP Announces Closing of Term Loan Amendment

NEDERLAND, Texas, Nov. 30, 2016 /PRNewswire/ — OCI Partners LP, a Delaware limited partnership (the “Partnership”), announced today that it has closed an amendment to its Term Loan B Credit Facility (“Term Loan”). The amendment, among other things, relaxed the Term Loan’s financial covenants. In addition, OCI Beaumont (“OCIB”), a wholly owned subsidiary of the …

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Oakmark Funds Announce New Co-Portfolio Managers

CHICAGO, Nov. 30, 2016 /PRNewswire/ — The Oakmark Funds are pleased to announce the addition of new co-portfolio managers to four of the Funds—the Oakmark Global Fund (OAKGX), the Oakmark Global Select Fund (OAKWX), the Oakmark International Fund (OAKIX) and the Oakmark International Small Cap Fund (OAKEX). These management changes are effective as of today. …

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Waterloo Capital Appoints New Chief Investment Officer

AUSTIN, Texas, Nov. 30, 2016 /PRNewswire/ — Waterloo Capital (www.waterloocap.com), one of the largest fee-only Registered Investment Advisors in the U.S., announced today that Bennett Woodward has joined the firm as a partner and will assume the role of Chief Investment Officer. Mr. Woodward brings a wealth of experience from within the investment industry, having previously …

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Jill Campbell Joins Carenet Healthcare Services’ Leadership Team as Vice President, Workforce Planning and Analysis

Analytical, financial and operational expertise invaluable as company expands its workforce and solutions portfolio SAN ANTONIO–(BUSINESS WIRE)–Carenet Healthcare Services, a leading provider of Strategic Engagement, Clinical Activation, and Advocacy and Navigation solutions, is pleased to announce Jill Campbell has joined its senior management team as vice president of workforce planning and analysis. Campbell will lead …

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