Category: Business

Business News from around the world.

AxiomSL Brings Intelligent Regulatory Reporting and Risk Solutions to the Temenos MarketPlace

Temenos customers will be able to quickly adapt to change, improve efficiency ratios, and solve critical regulatory reporting and risk requirements GENEVA & NEW YORK–(BUSINESS WIRE)–Temenos (SIX: TEMN), the banking software company, today announces that AxiomSL, the industry’s leading provider of regulatory reporting and risk management solutions, has joined Temenos MarketPlace. Temenos MarketPlace is Temenos’ …

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Los Angeles and California’s Prime Economic Position Highlighted at CTBC Bank Annual Event

LOS ANGELES–(BUSINESS WIRE)–#CTBCBankUSA–Leadership of CTBC Bank USA and Stephen Cheung, President of World Trade Center Los Angeles (WTCLA), emphasized the strong outlook for business opportunity in Greater Los Angeles and California, at CTBC Bank’s annual year-end event yesterday. CTBC Bank’s signature Customer Appreciation Luncheon, which invites top clients and leading community members, was held at …

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Visionet Partners with Blue Horseshoe to Drive Digital Transformation at Y. Hata & Co., Limited

CRANBURY, N.J.–(BUSINESS WIRE)–Visionet Systems, Inc., in partnership with Blue Horseshoe Solutions, Inc., announced today that Y. Hata & Co., Limited, located in Honolulu, Hawaii, has selected Microsoft Dynamics 365 Finance and Operations to streamline its foodservice distribution business. To empower this digital initiative, Y. Hata will leverage multiple technologies using Microsoft’s flagship Dynamics 365 as …

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PFD, PFO, FFC, FLC and DFP Announce Regular December and January Dividends; PFD, PFO, FFC and FLC Announce Special Year-End Distributions

  PASADENA, Calif.–(BUSINESS WIRE)–The Boards of Directors of Flaherty & Crumrine Preferred and Income Fund Incorporated (NYSE: PFD), Flaherty & Crumrine Preferred and Income Opportunity Fund Incorporated (NYSE: PFO), Flaherty & Crumrine Preferred and Income Securities Fund Incorporated (NYSE: FFC), Flaherty & Crumrine Total Return Fund Incorporated (NYSE: FLC) and Flaherty & Crumrine Dynamic Preferred …

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City of Mason and Precision Castparts Corp. Announce Addition to Region’s Advanced Manufacturing and Aerospace Hub With New R&D and Manufacturing Investment

Precision Castparts Corp., a global manufacturer of complex metal components and products for critical aerospace and industrial markets, will invest $128 million in a new R&D engineering lab and manufacturing center in Mason, OH MASON, Ohio–(BUSINESS WIRE)–After a global search, Precision Castparts Corp. (PCC) announced in conjunction with the City of Mason, REDI Cincinnati and …

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Halo Announces Completion of Share Purchase Agreement With Ukiah Ventures and Enters Into an Offtake Agreement

Not for Distribution to U.S. Newswire Servicers or For Dissemination in the United States TORONTO–(BUSINESS WIRE)–Halo Labs Inc. (“Halo” or the “Company”) (NEO: HALO, OTCQX: AGEEF, Germany: A9KN) is pleased to announce that it has completed its transaction (the “Transaction”) with Ukiah Ventures Inc. (“Ukiah”) that was previously announced on August 28, 2019. Pursuant to …

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Hess Midstream Partners LP Announces Closing of $550 Million of Senior Notes Due 2028

HOUSTON–(BUSINESS WIRE)–$HESM–Hess Midstream Partners LP (“HESM”) today announced the closing of its offering of $550 million aggregate principal amount of 5.125% senior notes due 2028 (the “Notes”) at par. HESM intends to use the net proceeds from the offering to finance the acquisition of Hess Infrastructure Partners LP (“HIP”), including to repay borrowings under HIP’s …

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Kilroy Realty Declares Quarterly Dividend

LOS ANGELES–(BUSINESS WIRE)–Kilroy Realty Corporation (NYSE: KRC) announced today that its board of directors declared a regular quarterly cash dividend of $0.485 per common share payable on January 15, 2020 to stockholders of record on December 31, 2019. The dividend is equivalent to an annual rate of $1.94 per share. About Kilroy Realty Corporation. Kilroy …

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Colony Capital Closes Sale of Light Industrial Portfolio to Blackstone

LOS ANGELES–(BUSINESS WIRE)–Colony Capital, Inc. (NYSE: CLNY) (“Colony” or the “Company”) today announced the closing of the previously announced sale of its Light Industrial logistics assets and its affiliated industrial operating platform to Blackstone Real Estate Partners IX, an affiliate of Blackstone (NYSE: BX), for an aggregate price of $5.7 billion*. The sale includes approximately …

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Secure Code Warrior® Raises US$47.6M to Reduce Recurring Software Vulnerabilities Globally

Funding represents the largest ever US investment of its kind for an Australian-based cybersecurity business SYDNEY & BOSTON & LONDON & BRUGES, Belgium–(BUSINESS WIRE)–#AppDevSec–Global secure coding company, Secure Code Warrior®, today announced it had secured a Series B funding round of US$47.6 million led by Goldman Sachs. Additional investors also include ForgePoint Capital and Cisco …

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AM Best Places Credit Ratings of NORCAL Group’s Members Under Review With Negative Implications

OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has placed under review with negative implications the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a” of the members of NORCAL Group (NORCAL). (See below for a detailed listing of the companies.) The under review status follows NORCAL’s third-quarter 2019 results, which included $30 million …

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KBRA Assigns Preliminary Ratings to MSC 2019-NUGS

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to eight classes of MSC 2019-NUGS, a CMBS single-asset, single-borrower transaction. The collateral for the transaction is a $277.1 million senior A Note portion of a $327.7 million non-recourse, first lien mortgage loan. The floating rate loan is structured …

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Harris Williams Advises Upstream Rehabilitation in Connection with its Sale to Revelstoke Single Asset Fund I

RICHMOND, Va.–(BUSINESS WIRE)–Harris Williams, a global investment bank specializing in M&A advisory services, announces that it advised Upstream Rehabilitation (Upstream), a portfolio company of Revelstoke Capital Partners (Revelstoke), on its sale to Revelstoke Single Asset Fund I, a newly formed special purpose vehicle affiliated with Revelstoke. Upstream is a leading national provider of outpatient and …

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AM Best Affirms Credit Ratings of Colonnade Insurance S.A.

OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Colonnade Insurance S.A. (Colonnade) (Luxembourg), a member of Fairfax Financial Holdings Limited (Fairfax) [TSX: FFH] group of companies. The outlook of these Credit Ratings (ratings) is stable. The existing ratings of Fairfax and …

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Ubiquity Completes Investment in San Diego’s First-Ever, Open-Access Fiber Network

Potential to reach $250 million in total investment size OVERLAND PARK, Kan.–(BUSINESS WIRE)–Ubiquity Partners, LP (“Ubiquity”), which invests in critical communications infrastructure throughout the United States, announced today it recently completed a $40-million investment with Netly, LLC (“Netly”) to develop open-access, fiber-optic networks throughout California, including North County, San Diego. Netly will begin development in …

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Monument Re Acquires Cattolica Life from Cattolica Assicurazioni

HAMILTON, Bermuda–(BUSINESS WIRE)–#acquisitions–Monument Re announced today that, subject to regulatory approval, it has acquired Cattolica Life DAC from Cattolica Assicurazioni. Cattolica Life is a life insurer domiciled in Ireland which ceased new activity since 2017. The transaction will have no impact on Cattolica Life DAC clients and policyholders. Change of control of the company will …

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Gtmhub Raises $9 Million Series A to Power Evolution of OKRs for Enterprise Success

New investment spearheaded by CRV supports growth of dynamic platform for goal setting and management to increase productivity, collaboration, and drive integrated organizational success DENVER–(BUSINESS WIRE)–Today Gtmhub, the world’s most powerful objectives & key results (OKRs) and business success platform, revealed it has secured a $9 million Series A round led by CRV and backed …

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