Month: July 2019

Fifth Third Bank Decreases Its Prime Lending Rate to 5.25 Percent

CINCINNATI–(BUSINESS WIRE)–Fifth Third Bank today announced it will decrease its prime lending rate to 5.25 percent, effective immediately. The rate was last changed on Dec. 19, 2018, when Fifth Third increased its prime lending rate from 5.25 to 5.5 percent. About Fifth Third Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, …

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NewMarket Corporation Reports Second Quarter and First Half 2019 Results

Second Quarter Net Income of $74.2 Million and Earnings Per Share of $6.63 Petroleum Additives Second Quarter Operating Profit of $103.0 Million RICHMOND, Va.–(BUSINESS WIRE)–NewMarket Corporation (NYSE:NEU) Chairman and Chief Executive Officer, Thomas E. Gottwald, released the following earnings report of the Company’s operations for the second quarter and first half of 2019. Net income …

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Priority Technology Holdings, Inc. Announces Second Quarter 2019 Financial Results Release Date and Conference Call Information

ALPHARETTA, Ga.–(BUSINESS WIRE)–Priority Technology Holdings, Inc. (NASDAQ: PRTH) (“Priority” or the “Company”), a leading fintech enterprise with strong core payments technology, today announced that it will release its second quarter 2019 financial results after the close of financial markets on Tuesday, August 13, 2019. In addition, the Company will host a conference call and webcast …

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UPC Holding BV (“UPC Holding”), UPCB Finance IV Limited (“UPCB IV”) and UPCB Finance VII Limited (“UPCB VII”) announce completion of sale of certain assets to Vodafone Group plc (“Vodafone”).

LONDON–(BUSINESS WIRE)–UPC Holding (together with its subsidiaries and their related businesses, the “UPC Group”), today announces that following regulatory approval, its parent, Liberty Global plc (“Liberty Global”), has completed the sale of UPC Group’s operations in Hungary, Romania and the Czech Republic, together with certain other businesses owned by Liberty Global to Vodafone (the “Acquisition”). …

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Liberty Global Completes the Sale of Its Operations in Germany, Hungary, Romania and the Czech Republic to Vodafone

DENVER, Colorado–(BUSINESS WIRE)–Liberty Global plc (“Liberty Global”) (NASDAQ: LBTYA, LBTYB and LBTYK) today announced that it has completed the sale of its operations in Germany, Hungary, Romania and the Czech Republic to Vodafone Group plc (“Vodafone”) for approximately €19.0 billion ($21.3 billion)1 on a U.S. GAAP basis2. The purchase price represents a multiple for all …

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NKK Hires Abraham Macias to Expand Sales in the Western Region of the US and to Further Promote Design Solutions for SmartDisplay™ and Switch Products

SCOTTSDALE, Ariz.–(BUSINESS WIRE)–NKK Switches announces the appointment of Abraham Macias as western regional sales manager. Macias’ role will be to manage relationships for NKK’s key accounts and channel partners and to educate the customer base of design solutions offered by NKK incorporating the company’s portfolio of SmartDisplay™ and switch products. Macias brings over 8 years …

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AM Best Places Credit Ratings of United Life Insurance Company Under Review With Negative Implications

OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has placed under review with negative implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of United Life Insurance Company (ULIC) (Cedar Rapids, IA). The Credit Rating (rating) actions follow the recent announcement that ULIC’s affiliate, Guaranty Income Life Insurance Company (GILIC), has entered …

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RGP Acquires Digital Transformation Firm Veracity Consulting Group, LLC

Transaction adds wide set of digital capabilities to RGP’s solutions platform IRVINE, Calif.–(BUSINESS WIRE)–$RECN–Resources Connection, Inc., (NASDAQ: RECN), a multinational business consulting firm operating as Resources Global Professionals (‘RGP’), closed a transaction to acquire 100% of the equity of Veracity Consulting Group, LLC (‘Veracity’) for an initial cash consideration of $30.6 million, plus potential additional …

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Radian Announces Second Quarter 2019 Financial Results

— GAAP net income of $167 million, or $0.78 per diluted share — — Adjusted diluted net operating income per share increases 16% year-over-year to $0.80 — — Writes $18.5 billion in new MI business, sets company record for quarterly flow MI; MI in force increases more than 9% year-over-year to $231 billion — — …

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Sierra Wireless Reports Second Quarter 2019 Results

VANCOUVER, British Columbia–(BUSINESS WIRE)–Sierra Wireless, Inc. (NASDAQ: SWIR) (TSX: SW) today reported results for its second quarter ended June 30, 2019. All results are reported in U.S. dollars and are prepared in accordance with United States generally accepted accounting principles (GAAP), except as otherwise indicated below. Revenue for the second quarter of 2019 was $191.4 …

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AM Best Places Credit Ratings of Guaranty Income Life Insurance Company Under Review With Developing Implications

OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has placed under review with developing implications the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” of Guaranty Income Life Insurance Company (GILIC) (Cedar Rapids, IA). The Credit Rating (rating) actions follow the recent announcement that GILIC has entered into a definitive agreement to acquire …

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Curtiss-Wright Reports Second Quarter 2019 Financial Results and Reaffirms Full-Year 2019 Guidance

DAVIDSON, N.C.–(BUSINESS WIRE)–Curtiss-Wright Corporation (NYSE: CW) reports financial results for the second quarter ended June 30, 2019. Second Quarter 2019 Highlights: Reported diluted earnings per share (EPS) of $1.86, with Adjusted diluted EPS of $1.90 (defined below), up 11% and 6%, respectively, compared with the prior year; Net sales of $639 million, up 3%; Reported …

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Twilio Announces Second Quarter 2019 Results

Q2 Total Revenue of $275.0 million, up 86% year-over-year Q2 Base Revenue of $256.7 million, up 90% year-over-year Q2 Dollar-Based Net Expansion Rate of 140% SAN FRANCISCO–(BUSINESS WIRE)–Twilio (NYSE: TWLO), the leading cloud communications platform, today reported financial results for its second quarter ended June 30, 2019. “We celebrated a big milestone in the second …

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The St. Joe Company Reports Second Quarter 2019 Results

WATERSOUND, Fla.–(BUSINESS WIRE)–The St. Joe Company (NYSE: JOE) (the “Company”) today announced net income for the second quarter of 2019 of $10.4 million, or $0.17 per share, compared with net income of $26.2 million, or $0.41 per share, for the second quarter of 2018. The second quarter of 2018 included a $23.1 million pre-tax benefit …

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Hyatt Reports Second-Quarter 2019 Results

Total Management and Franchise Fees Expand Over 10% on Strong Net Rooms Growth CHICAGO–(BUSINESS WIRE)–Hyatt Hotels Corporation (“Hyatt” or the “Company”) (NYSE: H) today reported second-quarter 2019 financial results. Net income attributable to Hyatt was $86 million, or $0.80 per diluted share, in the second quarter of 2019, compared to $77 million, or $0.66 per …

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Life Storage, Inc. Reports Second Quarter 2019 Results

BUFFALO, N.Y.–(BUSINESS WIRE)–$LSI #FFO—Life Storage, Inc. (NYSE:LSI), a leading national owner and operator of self storage properties, reported operating results for the quarter ended June 30, 2019. Highlights for the Second Quarter Included: Achieved net income attributable to common shareholders of $40.7 million, or $0.87 per fully diluted common share. Achieved adjusted funds from operations …

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