RIVERWOODS, Ill.–(BUSINESS WIRE)–Discover, a leading direct bank and payments company, today announced that Grey New York will serve as the company’s new creative agency of record, following a competitive review. Grey will be responsible for developing creative and strategic work across media and partnership platforms. “We are thrilled to have a new partner with world-class …
Category: Business
Business News from around the world.
Best’s Market Segment Report: Top-Line Growth in U.S. Life/Annuity Industry Remains Elusive Despite Overall Stability
OLDWICK, N.J.–(BUSINESS WIRE)–The U.S. life/annuity industry continued to perform well in 2019, building capital despite significant uncertainty in the macro-environment, but the ability for insurance companies to achieve top-line growth remains a top concern in 2020, according to AM Best’s 2020 Review/Preview market segment report. The new Best’s Market Segment Report, titled, “2020 Review & …
Trevelino/Keller Selected by Oversight in National Agency Search
Digital PR and Marketing Firm Chosen Based on Tech and Vertical Expertise ATLANTA–(BUSINESS WIRE)–Full-service digital public relations and marketing firm, Trevelino/Keller, has been engaged by Oversight, the world’s leading AI-powered audit and risk management platform for enterprise and government organizations. Through a fully integrated strategy, led by public relations, digital marketing and expanded messaging, the …
Edgemont Partners Announces Recapitalization of Quigley Eye Specialists by New Harbor Capital
Edgemont Co-advised Quigley Eye; Transaction represents Edgemont’s fifth office-based physician services transaction in seven months NEW YORK–(BUSINESS WIRE)–Edgemont Partners (“Edgemont”), a leading middle-market healthcare investment bank, announced that it served as co-advisor to Quigley Eye Specialists (“Quigley Eye”) in its recapitalization with New Harbor Capital (“New Harbor”). The transaction closed on January 24, 2020. The …
Guy Carpenter Licenses Full Suite of Karen Clark & Company Catastrophe Models
BOSTON–(BUSINESS WIRE)–Karen Clark & Company (KCC) today announced that Guy Carpenter & Company has licensed the full suite of KCC catastrophe models and risk management applications. Guy Carpenter is the first intermediary to obtain access to RiskInsight® and its unique risk metrics and capabilities. “Over the past several years, KCC has partnered with market leading …
IGI Names New Majority-Independent Board of Directors in Connection with its Previously Announced Business Combination with Tiberius Acquisition Corp Wanda Mwaura To Be Newly Appointed as Independent Director
DUBAI, United Arab Emirates–(BUSINESS WIRE)–International General Insurance Holdings Limited (“IGI” or the “Company”) today named the full Board of Directors who will hold office upon closing of the previously announced business combination with Tiberius Acquisition Corp (“Tiberius”) and its public market listing on NASDAQ. Following the closing of the business combination, the Board of Directors …
First Trust Lists February Series of the Target Outcome ETFs®
Actively managed ETFs seeking a balance of upside performance potential with a downside buffer WHEATON, Ill.–(BUSINESS WIRE)–First Trust Advisors L.P. (“First Trust”) a leading exchange-traded fund (“ETF”) provider and asset manager, announced today that it has launched the February Series of the Target Outcome ETFs®. The FT Cboe Vest U.S. Equity Buffer ETF – February …
UC Irvine School of Law To Integrate Blue J Legal’s AI-Enabled Tax Platform into Curriculum
First of its kind initiative aims to prepare graduate students for careers in tax law where AI will be integral to the decision-making process IRVINE, Calif.–(BUSINESS WIRE)–#ai—Blue J Legal announced today a new partnership with the University of California, Irvine School of Law (UCI Law), to integrate its Blue J Tax Foresight platform into UCI …
Kestra Financial Recruits Rapidly Expanding Ivory Wealth Management
$214 million firm selects partner to fuel growth, enhance advisor service and recruitment efforts AUSTIN, Texas–(BUSINESS WIRE)–Kestra Financial, Inc. (Kestra Financial), an industry-leading independent advisor platform, announces the addition of Ivory Wealth Management out of Essex, Connecticut. Led by Founder and President Charles Crilly, Ivory Wealth Management specializes in offering personalized wealth management services to …
Franklin Templeton Launches Franklin Focused Growth Fund for US Investors
SAN MATEO, Calif.–(BUSINESS WIRE)–Franklin Templeton today announced the introduction of Franklin Focused Growth Fund, which seeks capital appreciation by investing in a concentrated portfolio of approximately 20 to 50 growth stocks that the investment manager believes show favorable growth, quality and valuation characteristics versus the broader market. The fund is managed by San Mateo, California-based …
U.S. Bancorp Announces Proposed Sale of Elavon Mexico Operations to Santander
ATLANTA–(BUSINESS WIRE)–Elavon, global merchant acquirer and subsidiary of U.S. Bancorp (NYSE: USB), announced today that it has signed a purchase agreement to sell its Mexico-based operations to Santander. “We are always looking at ways to optimize our existing operations to create value and invest for the future,” said Jamie Walker, CEO of Elavon. “We have …
Behavox Announces $100 Million Investment From Softbank Vision Fund 2
NEW YORK, LONDON, & TOKYO–(BUSINESS WIRE)–Behavox, the world’s only end-to-end Data Operating Platform that enables companies to aggregate, analyze, and act on their entire organization’s data, today announced a $100 million investment from SoftBank Vision Fund 2.1 Powered by machine learning and advanced analytics, Behavox is an organization’s single entry point for all internal data. …
Spartan Towers LLC Announces Completion of 25 Sigourney Street Purchase
As Part of the Deal, Owner William Coons Announces Partnership with Askar Corporation Chairman and Founder Casey Askar, Who Secures First Major Business Investment in Connecticut HARTFORD, Conn.–(BUSINESS WIRE)–Local business owner William H. Coons III, has announced the purchase of 25 Sigourney Street in downtown Hartford, Conn. by Spartan Towers, LLC. The 15-story, 627,401-square-foot Class …
CyrusOne Brings IBM Public Cloud Connectivity to London I Data Center
LONDON–(BUSINESS WIRE)–CyrusOne Inc. (NASDAQ:CONE), a premier global data center real estate investment trust (REIT), today announced the introduction of IBM Cloud Direct Link to its London I data center facility in the U.K., near Slough. This news follows existing deployments in the US and Germany, where customers are already benefiting from dedicated, secure, reliable and …
Prudential Retirement calls on the workplace to support savings at every life stage
NEWARK, N.J.–(BUSINESS WIRE)–$PRU #ASW2020–Congress is making it easier for more workers to save for retirement and create lifetime income. As America Saves Week kicks off on Feb. 24, Prudential Financial, Inc. (NYSE: PRU) is supporting our government’s call for retirement readiness by amplifying the role of the workplace in financial wellness. Today’s retirement plans have …
Nearly 600 Banks and Credit Unions Join Zelle Network via Fiserv
Patelco Credit Union and SunWest Federal Credit Union among financial institutions that have selected Turnkey Service for Zelle® from Fiserv BROOKFIELD, Wis.–(BUSINESS WIRE)–Fiserv, Inc. (NASDAQ:FISV), a leading global provider of financial services technology solutions, announced today that a growing number of financial institutions are joining the Zelle Network® via Fiserv to enable person-to-person (P2P) payment …
SimCorp Partners with GlobalLogic to Boost Investment Management Services with Cloud Transformation
COPENHAGEN, Denmark & SAN JOSE, Calif.–(BUSINESS WIRE)–#Cloud–Today, SimCorp, a leading provider of integrated investment management solutions and services to the global financial services industry, and GlobalLogic Inc., a leader in digital product engineering services, jointly announced their partnership. Through this collaboration, GlobalLogic will work with SimCorp to transform the cloud delivery model for SimCorp’s flagship …
Vector Group to Host Fourth Quarter and Full-Year 2019 Results Conference Call
MIAMI–(BUSINESS WIRE)–Vector Group Ltd. (NYSE: VGR) will conduct a conference call and webcast to discuss its fourth quarter and full-year 2019 results on Friday, February 28, 2020 at 9:00 a.m. (ET). Investors can access the call by dialing 800-859-8150 and entering 59308659 as the conference ID number. The call will also be available via live …
Slate Retail REIT Completes $858 Million Debt Refinancing
Provides $212 Million in Revolver Capacity Allows REIT to Capitalize on Robust Pipeline of Acquisition Opportunities TORONTO–(BUSINESS WIRE)–Slate Retail REIT (TSX: SRT.U) (TSX: SRT.UN) (the “REIT”), an owner and operator of U.S. grocery-anchored real estate, announced today it has completed the refinancing of a $525 million revolving credit facility and term loan. The REIT has …
Farmers & Merchants Bank of Long Beach Declares First Quarter Cash Dividend of $27 Per Share
–Declaration Represents 506th Dividend Payment to Shareholders Since 1916– LONG BEACH, Calif.–(BUSINESS WIRE)–Farmers & Merchants Bank of Long Beach (OTCQB: FMBL) today announced that its board of directors has declared regular quarterly cash dividend of $27 per share. The quarterly dividend is payable on March 31, 2020 to shareholders of record as of March 16, …