Category: Business

Business News from around the world.

1347 Property Insurance Holdings, Inc. Prices Public Offering of 8.00% Cumulative Preferred Stock, Series A

TAMPA, Fla.–(BUSINESS WIRE)–1347 Property Insurance Holdings, Inc. (Nasdaq: PIH) announced today that it has priced an underwritten public offering of 640,000 shares of 8.00% Cumulative Preferred Stock, Series A (“Cumulative Preferred Stock”), at a price of $25.00 per share, pursuant to a registration statement on Form S-1 previously filed with the U.S. Securities and Exchange …

Read more

Hemisphere Media Group to Host Fourth Quarter and Full Year 2017 Financial Results Conference Call

MIAMI–(BUSINESS WIRE)–Hemisphere Media Group, Inc. (NASDAQ:HMTV) (“Hemisphere” or the “Company”), the only publicly traded pure-play U.S. media company targeting the high growth U.S. Hispanic and Latin American markets with leading television and digital content platforms, plans to announce its fourth quarter and full year 2017 financial results on Monday, March 5, 2018. The financial release will …

Read more

Oncolytics Biotech(R) Announces Results from Special Meeting of Shareholders

CALGARY, AB and SAN DIEGO, CA–(Marketwired – February 23, 2018) – Oncolytics Biotech® Inc. (TSX: ONC) (OTCQX: ONCYF), a biotech company developing REOLYSIN®, also known as pelareorep, an intravenously delivered immuno-oncolytic virus that activates the innate and adaptive immune systems to turn “cold” tumors “hot”, today announced that it received shareholder approval to consolidate the …

Read more

US Oil Sands Inc. Announces Sale Solicitation Process

CALGARY, ALBERTA–(Marketwired – Feb. 23, 2018) – US Oil Sands Inc. (“US Oil Sands” or the “Company“), an innovator of oil extraction technologies, today announces that it has commenced a sale solicitation process (“SSP“) for the sale of the Company or its assets. On September 14, 2017, US Oil Sands announced that the Court of …

Read more

MVIS Announces February 2018 Monthly Index Review Results of MVIS CryptoCompare Digital Assets Indices

FRANKFURT, Germany–(BUSINESS WIRE)–MV Index Solutions (MVIS) today announced the results of the monthly MVIS CryptoCompare Digital Assets Indices. The table below summarizes the results for the indices which contain more than one component. Detailed review results can be found on www.mvis-indices.com. The following changes will be implemented on February 28, 2018 and will become effective …

Read more

A.M. Best Changes Credit Ratings of CBL Insurance Limited Following Regulatory Action; Withdraws Issuer Credit Rating of CBL Corporation Limited

SINGAPORE–(BUSINESS WIRE)–A.M. Best has removed from under review with negative implications and changed the Financial Strength Rating to a Non-Rating Designation of E (Under Regulatory Supervision) from B++ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “e” from “bbb+” of CBL Insurance Limited (CBL) (New Zealand) following a regulatory action that placed the …

Read more

MBIA Inc. Investor Conference Call to Discuss Fourth Quarter and Full Year 2017 Financial Results Scheduled for Friday, March 2 at 8:00 A.M. Eastern Time

PURCHASE, N.Y.–(BUSINESS WIRE)–MBIA Inc. (NYSE:MBI) will host a webcast and conference call for investors on Friday, March 2 at 8:00 a.m. (ET) to discuss its fourth quarter and full year 2017 financial results and other issues related to the Company. The dial-in number for the call is (877) 694-4769 in the U.S. and (404) 665-9935 …

Read more

A.M. Best Affirms Credit Ratings of Assurant Daños México, S.A. and Assurant Vida México, S.A.

MEXICO CITY–(BUSINESS WIRE)–A.M. Best has affirmed the Financial Strength Ratings of B++ (Good), the Long-Term Issuer Credit Ratings of “bbb+” and the Mexico National Scale Ratings of “aa+.MX” of Assurant Daños México, S.A. (ADM) and Assurant Vida México, S.A. (AVM). The outlook of these Credit Ratings (ratings) is positive. Both companies are domiciled in Mexico …

Read more

Osisko Metals Completes Acquisition of Pine Point

MONTRÉAL, QUÉBEC and TORONTO, ONTARIO–(Marketwired – Feb. 23, 2018) – NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Osisko Metals Incorporated (“Osisko Metals”) (TSX VENTURE:OM) and Pine Point Mining Limited (“Pine Point”) (TSX VENTURE:ZINC) are pleased to announce the successful completion of their previously-announced arrangement pursuant to which, …

Read more

Oregon Bancorp Announces Special Dividend

SALEM, Ore.–(BUSINESS WIRE)–#Oregon–Oregon Bancorp, Inc. (OTCBB:ORBN) (the “Company”), parent company of Willamette Valley Bank, announced today that its Board of Directors declared a special cash dividend of $1.20 per share payable on March 15, 2018, to shareholders of record as of March 1, 2018. “Our continuing financial success in 2017 has enabled us to reward …

Read more

Freddie Mac February 2018 Insight

MCLEAN, VA–(Marketwired – Feb 23, 2018) – Freddie Mac (OTCQB: FMCC) released its February Insight, which looks into the effects of higher mortgage rates on home buyers, homeowners wishing to refinance, mortgage lenders, home builders and real estate agents. The Insight delves into the past to review periods when interest rates spiked and analyze the …

Read more

Relevium Clarifies Operational Update

MONTREAL, QUEBEC–(Marketwired – Feb. 23, 2018) – Relevium Technologies Inc. (TSX VENTURE:RLV)(OTCQB:RLLVF)(FRANKFURT:6BX) (the “Company” or “Relevium”), is pleased to provide further clarifications on its press release from earlier today. The Company has received several requests from active shareholders to clarify ambiguity in the language of the operational press release from earlier in the day. Aurelio …

Read more

A.M. Best Affirms Credit Ratings of iptiQ Life S.A.

LONDON–(BUSINESS WIRE)–A.M. Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” of iptiQ Life S.A. (Luxembourg) (iptiQ), the ultimate parent of which is Swiss Re Ltd. The outlook of these Credit Ratings (ratings) remains stable. The ratings reflect iptiQ’s balance sheet strength, which A.M. Best categorises as very strong, …

Read more

A.M. Best Affirms Credit Ratings of Lumico Life Insurance Company

OLDWICK, N.J.–(BUSINESS WIRE)–A.M. Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” of Lumico Life Insurance Company (Lumico Life) (Jefferson City, MO), the ultimate parent of which is Swiss Re Ltd (Swiss Re). The outlook of these Credit Ratings (ratings) is stable. The ratings primarily reflect …

Read more

Volt Information Sciences to Host First Quarter 2018 Earnings Conference Call on Wednesday, March 7th

NEW YORK–(BUSINESS WIRE)–Volt Information Sciences, Inc. (NYSE-AMERICAN:VISI) today announced that it will release its first quarter fiscal 2018 results on Wednesday, March 7th, after the market close. Michael Dean, President and Chief Executive Officer, and Paul Tomkins, Senior Vice President and Chief Financial Officer, will host a conference call to discuss the Company’s results at 4:30 …

Read more

Mavis Discount Tire and Express Oil Change & Tire Engineers to Merge

Transformational Transaction Creates One of the Largest Automotive Service Providers in the U.S. David and Stephen Sorbaro Will Lead the Combined Company; Ricky Brooks to be Named Executive Chairman MILLWOOD, N.Y. & BIRMINGHAM, Ala.–(BUSINESS WIRE)–Mavis Discount Tire (“Mavis”) today announced that it has signed a definitive agreement to merge with Express Oil Change & Tire …

Read more