Category: Business

Business News from around the world.

Oregon Bancorp Announces Third Quarter Earnings

Third quarter 2019 net earnings of $3.4 million, or $1.49 per common share Quarterly net earnings increased $1,053,727, or 44% Quarterly Return on Assets grew to 5.31% and Return on Equity reached 41.14% Year-over-Year loan growth of 13% or $19 million and deposit growth of 10% or $20 million SALEM, Ore.–(BUSINESS WIRE)–Oregon Bancorp, Inc. (OTCBB: …

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KBRA Releases Report Assigning Long-Term Ratings to Pennsylvania Turnpike Commission Turnpike Revenue and Subordinate Revenue Bonds

NEW YORK–(BUSINESS WIRE)–On October 15, 2019, Kroll Bond Rating Agency (KBRA) assigned a long-term rating of AA- and Stable Outlook to the Pennsylvania Turnpike Commission Turnpike Revenue Refunding Bonds, Third Series of 2019 (Federally Taxable) and affirmed the long-term rating of AA- and Stable Outlook on outstanding Turnpike Revenue Bonds. KBRA additionally assigned a long-term …

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KBRA Assigns Preliminary Ratings to Usil (European Loan Conduit No. 36) DAC

DUBLIN–(BUSINESS WIRE)–Kroll Bond Rating Agency Europe Limited (KBRA) is pleased to announce the assignment of preliminary ratings to eight classes of Usil (European Loan Conduit No. 36) DAC, a CMBS single-borrower securitisation. The collateral for the transaction consists of a €723.9 million limited recourse, first lien mortgage loan. The floating rate loan has a two-year …

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Zoomd Announces New Portfolio Companies for Q4 2019; On-boards McDonald’s as Part of Broader Business Expansion

Zoomd enters Q4 2019 announcing several collaborations with large companies on user acquisition projects as part of its continued international expansion efforts HERZLIYA, Israel–(BUSINESS WIRE)–#AutoDoc—Zoomd (TSXv:ZOMD) the leading mobile user-acquisition and site-search platform, is announcing a broader business expansion plans for Q4 2019: Zoomd will be onboarding companies in a variety of industries, including fast-food …

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USA Technologies Adopts Short Duration Shareholder Rights Plan

MALVERN, Pa.–(BUSINESS WIRE)–USA Technologies, Inc. (OTC: USAT) (the “Company”), a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market, today announced that its Board of Directors adopted a shareholder rights plan and declared a dividend distribution of one preferred share purchase right on each outstanding share of the …

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 Tompkins Financial Corporation Reports Third Quarter Earnings

ITHACA, N.Y.–(BUSINESS WIRE)–Tompkins Financial Corporation (NYSE American: TMP) Tompkins Financial Corporation reported diluted earnings per share of $1.34 for the third quarter of 2019, down 1.5% from the $1.36 per share reported for the same quarter period last year. Net income was $20.2 million for the third quarter of 2019, down from the $20.9 million …

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Swiss Re Corporate Solutions Partners with EigenRisk to Enhance Online Portal

ANN ARBOR, Mich.–(BUSINESS WIRE)–#eventresponse—Swiss Re Corporate Solutions has selected EigenRisk as their partner to deliver enhanced capabilities via EigenPrism APIs for PULSE, Swiss Re’s online client portal. EigenPrism APIs deliver real-time natural catastrophe event notifications to PULSE customers, ensuring each customer has the information they need, at the right time. In addition, Swiss Re Corporate …

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HarborOne Bancorp, Inc. Announces 2019 Third Quarter Earnings

BROCKTON, Mass.–(BUSINESS WIRE)–HarborOne Bancorp, Inc. (the “Company” or “HarborOne”) (NASDAQ: HONE), the holding company for HarborOne Bank (the “Bank”), announced net income of $7.1 million, or $0.13 per basic and diluted share for the third quarter of 2019, compared to $4.8 million, or $0.08 per basic and diluted share, for the prior quarter and $5.9 …

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Charles River Associates (CRA) To Host Third-quarter Fiscal 2019 Financial Results Conference Call on October 31

Conference Call to be Webcast Live at 10:00 a.m. ET BOSTON–(BUSINESS WIRE)–Charles River Associates (NASDAQ: CRAI), a worldwide leader in providing economic, financial, and management consulting services, today announced that the Company will webcast its third-quarter 2019 financial results conference call on Thursday, October 31, 2019 at 10:00 a.m. ET. The conference call will be …

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Republic Bancorp, Inc.’s Third Quarter Net Income from Continuing Operations Increases 7%

LOUISVILLE, Ky.–(BUSINESS WIRE)–Republic Bancorp, Inc. (NASDAQ: RBCAA), headquartered in Louisville, Kentucky, is the holding company of Republic Bank & Trust Company (the “Bank”). Republic Bancorp, Inc. (“Republic” or the “Company”) is pleased to report third quarter net income from continuing operations of $17.5 million, a 7% increase over the third quarter of 2018, resulting in …

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Joint Vendavo Copperberg Research Shows Manufacturers are Boosting Profit with Aftermarket Services

Aftermarket 2019 Benchmark Survey Report, Co-authored by Vendavo and Copperberg, Released This Week at Aftermarket Europe Conference DENVER–(BUSINESS WIRE)–#pricing–As manufacturers look for new ways to better serve their customers and boost profitability, new research shows a renewed emphasis on services is delivering against both goals. Vendavo, the market leader in commercial excellence solutions, in partnership …

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Middlefield Banc Corp. Reports 2019 Nine Month Financial Results

MIDDLEFIELD, Ohio–(BUSINESS WIRE)–Middlefield Banc Corp. (NASDAQ: MBCN) today reported financial results for the three and nine months ended September 30, 2019. 2019 Nine Month Financial Highlights (on a year-over-year basis unless noted): Net income increased 6.3% to $9.6 million Earnings per diluted share increased 5.8% to $2.94 per share Tangible book value(1) per share was …

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American Express Reports Third-Quarter Earnings Per Share of $2.08

Strong Revenue Growth Reflects Higher Card Member Spending, Net Interest Income and Card Fees NEW YORK–(BUSINESS WIRE)–American Express Company (NYSE: AXP) today reported third-quarter net income of $1.8 billion, up 6 percent from $1.7 billion a year ago. Diluted earnings per share was $2.08, up 11 percent from $1.88 per share a year ago. (Millions, …

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State Street Reports Third-quarter 2019 EPS of $1.42 Per Share; $1.51 Per Share Excluding Notable Items(a)

EXPENSE SAVINGS PROGRAM EXPECTED TO ACHIEVE $400 MILLION TARGET IN 2019 WITH $275 MILLION OF SAVINGS REALIZED YEAR-TO-DATE NEW INVESTMENT SERVICING WINS TOTAL $1 TRILLION DURING QUARTER AND CONTINUED STRONG FRONT-TO-BACK PIPELINE RETURNED APPROXIMATELY $690 MILLION OF CAPITAL TO SHAREHOLDERS IN SHARE REPURCHASES AND DIVIDENDS BOSTON–(BUSINESS WIRE)–Ron O’Hanley, President and Chief Executive Officer : “We …

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Outlook for Market Potential Healthy for Rest of 2019, According to First American Potential Home Sales Model

—Lower mortgage rates have a dual effect on the housing market: they incentivize homeowners to move as the rate “lock-in” effect fades and they boost demand by making homes more affordable, says Chief Economist Mark Fleming— SANTA ANA, Calif.–(BUSINESS WIRE)–First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services and …

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Gensource Announces KfW IPEX-Bank as Mandated Lead Arranger for Senior Debt Financing of the Tugaske Project

SASKATOON, Saskatchewan–(BUSINESS WIRE)–Gensource Potash Corporation (“Gensource” or the “Company”) (TSX-V: GSP), is pleased to announce today that it has formally mandated KfW IPEX-Bank GmbH (“KfW IPEX-Bank”) to act as Lead Arranger for the senior debt component (“Debt Facility” or “Facility”) for the Tugaske Project (“Tugaske” or “Project”) finance package. KfW IPEX-Bank is an affiliate of …

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 Kennedy Wilson Announces $300 Million Perpetual Preferred Equity Investment From Eldridge Industries

Joint Venture Platform with Eldridge Affiliate Security Benefit Increases Target to $1.5 Billion BEVERLY HILLS, Calif.–(BUSINESS WIRE)–Global real estate investment company Kennedy Wilson (NYSE: KW) announces that affiliates of Eldridge Industries (collectively, “Eldridge”) led a $300 million strategic investment in Kennedy Wilson. Kennedy Wilson expects to use the proceeds to pay down unsecured debt, including …

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Tradeweb Markets Announces Pricing of Upsized Follow-On Offering

NEW YORK–(BUSINESS WIRE)–Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today announced the pricing of its follow-on offering of 17,287,878 shares of its Class A common stock at a price to the public of $42.00 per share. In addition, the underwriters have a 30-day …

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