Month: April 2021

KBRA Assigns Preliminary Ratings to Logan CLO I, Ltd.

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to three classes of notes issued by Logan CLO I, Ltd. (Logan CLO I), a cash flow collateralized loan obligation (CLO) backed by a diversified portfolio of broadly syndicated corporate loans. Logan CLO I is managed by Elmwood Asset Management LLC (“Elmwood” or the “collateral …

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AM Best Affirms Credit Ratings of Title Resources Guaranty Company

OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” of Title Resources Guaranty Company (TRG) (Dallas, TX). The outlook of these Credit Ratings (ratings) is stable. TRG is ultimately owned by Realogy Holdings Corp. (Realogy) [NYSE: RLGY], a publicly traded company and a …

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JEDEC Wide Bandgap Power Semiconductor Committee Publishes a Milestone Document for Bias Temperature Instability of Silicon Carbide (SiC) MOS Devices

ARLINGTON, Va.–(BUSINESS WIRE)–JEDEC Solid State Technology Association, the global leader in standards development for the microelectronics industry, announces the publication of JEP184: Guideline for Evaluating Bias Temperature Instability of Silicon Carbide Metal-Oxide-Semiconductor (MOS) Devices for Power Electronic Conversion. The publication developed by JEDEC’s JC-70.2 Silicon Carbide Subcommittee, JEP184 is available for free download from the …

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Online Grocer Farmstead Expands to Texas with Delivery Service Planned for Austin

Waitlist opens today: High-quality Groceries, Delivered for Free, at Better Prices Than Local Supermarkets BURLINGAME, Calif. & AUSTIN, Tex.–(BUSINESS WIRE)–Farmstead, the first online grocer to offer fresh, high-quality groceries, delivered for free, at better prices than local supermarkets, announced today its fifth major city: Austin, Texas. Farmstead will bring its online grocery service to the …

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AM Best Places Credit Ratings of LifeMap Assurance 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 A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of LifeMap Assurance Company (LifeMap) (Portland, OR). This Credit Rating (rating) action follows the April 27, 2021 announcement that LifeMap’s ultimate parent, Cambia Health Solutions, Inc. (Cambia), has entered …

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Choice Logistics Names Patrick White, Senior Vice President, Client Services — Americas

WAYNE, Pa.–(BUSINESS WIRE)–Robb Porter, Executive Vice President & Chief Customer Officer of Choice Logistics, announced today the appointment of Patrick White to Senior Vice President, Client Services — Americas, for the company. In this position, White will oversee service delivery, enhance client acquisition and retention, and ensure Choice’s organizational understanding of its clients’ businesses and …

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Frontier Communications Sets New Course as Telecommunications Technology Company

Reduced Debt by Approximately $11 Billion and Recapitalized Balance Sheet to Support Multi-Year Transformation New Executive Leadership and Board Committed to Operational Excellence and Long-Term Value Creation Executing Initial Fiber Expansion Plan to Accelerate Fiber Build-Out and Enable Gig-Plus Speeds Undertakes Comprehensive Review of Company’s Operations to be Completed by August NORWALK, Conn.–(BUSINESS WIRE)–#fortune500–Frontier Communications …

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Custom Technology Solutions Company Ridgeline International Creating 162 New Jobs in Fairfax County

FAIRFAX COUNTY, Va.–(BUSINESS WIRE)–#economicdevelopment–Gov. Ralph Northam today announced that Ridgeline International, Inc., an innovative technology-based solutions provider for the federal government, commercial and nonprofit sectors, will invest $1.75 million to expand its operation in Fairfax County. The company will increase capacity to develop customized solutions that help its clients implement secure communications and guard against …

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Turkcell Iletisim Hizmetleri: First Quarter 2021 Results

“Strong Start to the Year with a Solid Set of Results” ISTANBUL–(BUSINESS WIRE)–Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) (BIST:TCELL): Please note that all financial data is consolidated and comprises that of Turkcell Iletisim Hizmetleri A.S. (the “Company”, or “Turkcell”) and its subsidiaries and associates (together referred to as the “Group”), unless otherwise stated. We have four …

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GlossWire Partners with Cancer Cartel in the Battle Against Cancer

Popular New Beauty App, GlossWire, Kicks-off Month-long Campaign Donating $1 for Every Download to Cancer Cartel SEATTLE–(BUSINESS WIRE)–#bathandbody—GlossWire CEO and Founder Kimberly Carney’s commitment to connecting philanthropy to the beauty industry has been core to the DNA of the platform since day one. For the month of May, GlossWire will donate $1.00 USD for every …

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Zions Bancorporation’s Board Approves Various Capital Actions Including Dividends, Common Share Repurchases, and Redemption of Series H Preferred Shares

SALT LAKE CITY–(BUSINESS WIRE)–Zions Bancorporation, N.A. (NASDAQ: ZION) announced today that its board of directors (“board”) authorized a common share repurchase for the second quarter of 2021 of up to $100 million. The board also declared a regular quarterly dividend of $0.34 per common share, payable May 20, 2021 to shareholders of record on May …

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JetBlue Adds Peirce College to its JetBlue Scholars Employer-Sponsored College Degree Program

— JetBlue Furthers its Commitment to Invest in Crewmembers’ Development and Expand Career Mobility, Access and Retention — NEW YORK–(BUSINESS WIRE)–JetBlue (Nasdaq: JBLU) recently announced the latest update to its JetBlue Scholars employer-sponsored college degree program – a new partnership with Peirce College for crewmembers pursuing undergraduate degrees. Peirce College will begin admitting JetBlue Scholars …

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Do you know BTS? Korean ‘ICT BTS’ in Silicon Valley

SAN JOSE, Calif.–(BUSINESS WIRE)–IITP (Institute of Information & Communications Technology Planning & Evaluation), a Korean government organization in collaboration with KIC Silicon Valley, provides a unique internship program for Korean college students. Its goal is to support these highly qualified talents to successfully land internship opportunities with U.S. local tech companies and equip them with …

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ZenBusiness Takes Home Three Stevie® Awards At 2021 American Business Awards®

Recognized as “Startup of the Year,” as well as Individual Awards for “Entrepreneur of the Year,” and “Woman of the Year” for ZenBusiness Leadership AUSTIN, Texas–(BUSINESS WIRE)–#americanbusinessawards–ZenBusiness, a startup and Public Benefit Corporation that democratizes entrepreneurship by making it easy to start, run, and grow a business, today was named the winner of three Stevie® …

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Bounteous Named Most Innovative Company of the Year in 2021 American Business Awards®

Team honored with Silver Stevie Award for co-innovation-fueled success CHICAGO–(BUSINESS WIRE)–#CoInnovation—Bounteous, a leading digital experience consultancy that co-innovates with the world’s most ambitious brands to create transformative digital experiences, was named the winner of a Silver Stevie® Award in the Most Innovative Company of the Year category in the 19th Annual American Business Awards® (ABA) …

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AM Best Upgrades Issuer Credit Ratings of New Era Life Insurance Company and Its Subsidiaries

OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has upgraded the Long-Term Issuer Credit Ratings (Long-Term ICR) to “bbb+” from “bbb” and affirmed the Financial Strength Rating (FSR) of B++ (Good) of New Era Life Insurance Company and its wholly owned life insurance subsidiaries, New Era Life Insurance Company of the Midwest and Philadelphia American Life Insurance Company. The …

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Schneider Electric Recognized on the Forbes America’s Best Employers in Diversity 2021 List

Diversity is an integral part of the history, culture and identity at Schneider Electric, earning it the No. 48 position in this year’s rankings and best in our industry Award reaffirms commitment to diversity, equity and inclusion, building an empowered culture across the company BOSTON–(BUSINESS WIRE)–#Diversity—Schneider Electric, the global leader in the digital transformation of …

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Balfour Beatty Campus Solutions to Develop Mixed-Use Student Housing Project for Vanderbilt University

Development will add 616 beds serving Vanderbilt graduate and professional students MALVERN, Pa.–(BUSINESS WIRE)–Balfour Beatty Campus Solutions, a leading developer and operator of infrastructure projects for the college and university market, in conjunction with Axium Infrastructure, announced today they have reached financial close on a mixed-use student housing project for Vanderbilt University. The 616-bed development, …

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