Category: Business

Business News from around the world.

The Central and Eastern Europe Fund, Inc., The European Equity Fund, Inc., and The New Germany Fund, Inc. Announce Results of Annual Meetings of Stockholders

NEW YORK–(BUSINESS WIRE)–The Central and Eastern Europe Fund, Inc. (NYSE:CEE), The European Equity Fund, Inc. (NYSE:EEA), and The New Germany Fund, Inc. (NYSE:GF) (each, a “Fund,” and, collectively, the “Funds”) announced today the results of their Joint Annual Meeting of Stockholders held on June 22, 2018. With respect to CEE, each of the two Class …

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Marquest Asset Management Inc. Announces Sale of Mutual Funds to Stone Investment Group Limited

TORONTO–(BUSINESS WIRE)–Marquest Asset Management Inc. (“Marquest”) and Stone Investment Group Limited (“Stone”) are pleased to announce that the firms have entered into a binding agreement for Stone to acquire the management contracts of certain of Marquest’s retail mutual funds, as listed below: Marquest Monthly Pay FundMarquest American Dividend FundMarquest Covered Call Canadian Bank Plus FundMarquest …

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US Legal Support Acquires Ellen Grauer Court Reporting Co. LLC

NEW YORK–(BUSINESS WIRE)–#courtreporting–US Legal Support, Inc., the nation’s leading provider of a suite of litigation support services including court reporting, record retrieval, interpreting and translation services, trial services and transcription services, is pleased to announce the acquisition of Ellen Grauer Court Reporting Co. LLC, headquartered in New York, New York. Ellen Grauer Court Reporting Co. …

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First Defiance Financial Corp. Announces Two-For-One Stock Split

DEFIANCE, Ohio–(BUSINESS WIRE)–First Defiance Financial Corp. (NASDAQ: FDEF) announced today that its Board of Directors has authorized a stock split in the form of a share distribution of one share of common stock on each of the outstanding shares and treasury shares of common stock. The stock split is payable on July 12, 2018, to …

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Attorney Emeka Igwe, Esq. Cancels Press Conference on Wrongful Conviction Case for Elmer Daniels

WILMINGTON, Del.–(BUSINESS WIRE)–Emeka Igwe (“Attorney Igwe”), managing Partner of The Igwe Law Firm, P.A., has canceled a press conference scheduled on June 25, 2018 at 10 AM at: Carvel State Building820 N French StreetWilmington, DE 19801 Attorney Igwe is representing Elmer Daniels (“Mr. Daniels”), 58, an African-American male who was convicted in 1980 of raping …

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VanEck Announces Revised Net Asset Value Information for VanEck Vectors ChinaAMC China Bond ETF, VanEck Vectors ChinaAMC CSI 300 ETF, and VanEck Vectors ChinaAMC SME-ChiNext ETF

NEW YORK–(BUSINESS WIRE)–VanEck announces the net asset value (NAV) per share of the below exchange traded funds (ETFs) was restated as shown below: ETF Name       Ticker       Revised NAV(6/21/2018 )       Original NAV(6/21/2018)       Change (%) VanEck Vectors ChinaAMC China Bond ETF       CBON …

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KBRA Assigns Preliminary Ratings to CoreVest American Finance 2018-1

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to six classes of certificates issued in the CoreVest American Finance 2018-1 (CAF 2018-1) securitization. This transaction will be the ninth multi-borrower, single-family rental (SFR) securitization issued in the US to date and the sixth issued by CoreVest American Finance (formerly Colony American Finance). CAF …

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Fifth Third Bank, EverFi Award $70,000 to High School Students Through Finance AcademySM

28 students receive scholarships for education expenses CINCINNATI–(BUSINESS WIRE)–Thanks to Fifth Third Bank and education-technology company EverFi Inc., more than two dozen high school students have been awarded scholarships through the Finance AcademySM 529 College Savings Scholarship contest. The 28 winners from the Fifth Third 10-state footprint were chosen based on an essay they submitted …

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Blackstone Announces Second Quarter 2018 Investor Call

NEW YORK–(BUSINESS WIRE)–Blackstone (NYSE:BX) announced today that it will host its second quarter 2018 investor conference call on Thursday, July 19, 2018 at 11:00 a.m. ET. You can listen to the call by dialing +1 (877) 391-6747 (U.S. domestic) or +1 (617) 597-9291 (international) passcode number 149 943 55#. Additionally, the conference call will be broadcast live …

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Blackstone Announces Second Quarter 2018 Media Call

NEW YORK–(BUSINESS WIRE)–Blackstone (NYSE:BX) announced today that it will host a conference call for the media on Thursday, July 19, 2018 at 9:30 a.m. ET to review second quarter 2018 results. The conference call can be accessed by dialing + 1 (800) 295-4740 (U.S. domestic) or +1 (617) 614-3925 (international) passcode number 913 298 54#. For those unable to …

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A.M. BestTV: Cyber Coverage Is a Tale of Two Markets, Say A.M. Best Analysts

OLDWICK, N.J.–(BUSINESS WIRE)–In this A.M.BestTV episode, Fred Eslami, associate director, and Bobby Skrabal, industry analyst, A.M. Best, said take-up rates, prices and expectations for cyber coverage differ between large and medium-to-small organizations. Insurers are still developing pricing and coverage strategies. Click on http://www.ambest.com/v.asp?v=ambcyberreport618 to view the entire program. “The market is really bifurcated in terms …

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Aetna Wins Contract for Kansas Medicaid Program

HARTFORD, Conn.–(BUSINESS WIRE)–The State of Kansas notified Aetna (NYSE: AET) that it has awarded a Medicaid managed care contract to Aetna Better HealthSM of Kansas. Starting on January 1, 2019, Aetna Better Health of Kansas will offer Medicaid benefits to enrollees statewide in the KanCare Medicaid managed care program. KanCare serves parents, pregnant women and …

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Taro Annual Report on Form 20-F Available

For Fiscal Year Ended March 31, 2018 HAWTHORNE, N.Y.–(BUSINESS WIRE)–Taro Pharmaceutical Industries Ltd. (NYSE:TARO, “Taro”) announced that its Annual Report on Form 20-F for the fiscal year ended March 31, 2018, filed with the Securities and Exchange Commission (the “SEC”), is available within the Investor Relations section of Taro’s website at www.taro.com. Hard copies of …

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Softomotive and Accelerate RPA Partner to Help Enterprises Achieve Faster Time to Value from RPA

AccelerateRPA to enable enterprises to realize faster time to value from implementing industry leading process automation technologies from Softomotive LONDON–(BUSINESS WIRE)–#RPA–Softomotive, a world–class Robotic Process Automation (RPA) technology provider offering best time to value and affordability for all sizes and types of enterprises, is pleased to announce a strategic partnership with AccelerateRPA, a high calibre …

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Northland Power Announces New $1.25 Billion Corporate Credit Facility

Not for distribution to U.S. newswire services or for dissemination in the United States or its possessions. Any failure to comply with this restriction may constitute a violation of U.S. securities law. TORONTO, June 22, 2018 (GLOBE NEWSWIRE) — Northland Power Inc. (“Northland”) (TSX:NPI) is pleased to announce it has entered into a $1.25 billion …

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Freddie Mac Prices $930 Million Multifamily K-Deal, K-732

MCLEAN, Va., June 22, 2018 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB:FMCC) recently priced a new offering of Structured Pass-Through Certificates (K Certificates), which are backed by underlying collateral consisting of fixed-rate multifamily mortgages with predominantly 7-year terms. The company expects to issue approximately $930 million in K-732 Certificates, which are expected to settle on or …

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Proposed Business Combination Between Praxair, Inc. and Linde AG Receives Unconditional Antitrust Clearance in Mexico, Satisfying a Closing Condition

GUILDFORD, England–(BUSINESS WIRE)–In accordance with the exchange offer document published on August 15, 2017, Linde plc announced today that the proposed business combination between Praxair, Inc. (NYSE: PX) and Linde AG (Xetra: LIN) received unconditional antitrust clearance in Mexico, satisfying a closing condition (Regulatory Condition – Mexico). Linde plc is a public limited company formed …

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Naspers Limited Today Announced Its Results for the Year to 31 March 2018

CAPE TOWN, South Africa–(BUSINESS WIRE)–ROBUST GROWTH FOR THE YEAR, WELL POSITIONED TO PURSUE FURTHER SCALE Naspers (JSE: NPN; LSE: NPSN) today announced its financial results for the year to 31 March 2018. Revenues, measured on an economic interest basis (including the proportionate contribution from associates and joint ventures), increased 38% year on year to US$20.1bn. …

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