Category: Business

Business News from around the world.

Aegon publishes 2018 Integrated Annual Report

THE HAGUE, Netherlands–(BUSINESS WIRE)–Today, Aegon N.V. published its 2018 Integrated Annual Report and has filed its 2018 Annual Report on Form 20-F with the United States Securities and Exchange Commission (SEC). This is the first year that Aegon has published a fully integrated annual report. The report highlights the trends and challenges Aegon’s businesses are …

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AM Best Affirms Credit Ratings of New Zealand Medical Professionals Limited

SINGAPORE–(BUSINESS WIRE)–AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” of New Zealand Medical Professionals Limited (NZMPL) (New Zealand). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect NZMPL’s balance sheet strength, which AM Best categorizes as adequate, as well as its …

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BlackRock to Acquire eFront — Industry Leading Alternatives Investment Software Provider

Acquisition Strengthens Aladdin’s Alternatives and Multi-Asset Capabilities Combination Sets New Standard in Investment Management Technology by Offering Industry’s Most Comprehensive “Whole Portfolio” Investment Operating Platform BlackRock also Enters Agreement to Repurchase 3.1 Million Shares in Separate Private Transaction NEW YORK & PARIS–(BUSINESS WIRE)–BlackRock (NYSE: BLK) today announced that it has made a binding offer and …

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SoFi and Delos Partner to Bring Delos’ Home Wellness Solutions to Homeowners

The partnership will help drive accessibility of Delos’ health and wellness technology to homes across the U.S. NEW YORK–(BUSINESS WIRE)–Wellness real estate and technology company, Delos™, is collaborating with online personal finance company, SoFi, to ensure homeowners will have an accessible financing path to implement Delos’ DARWIN Home Wellness Intelligence Network, a fully-integrated residential solution …

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East West Bancorp Announces Date for First Quarter 2019 Financial Results

PASADENA, Calif.–(BUSINESS WIRE)–East West Bancorp, Inc. (“East West” or the “Company”) (Nasdaq: EWBC), parent company of East West Bank, the financial bridge between the United States and Greater China, will release first quarter 2019 financial results before the market opens on Thursday, April 18, 2019. Conference Call Information Management will discuss first quarter 2019 financial …

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MedMen Announces US$250 Million Investment From Gotham Green Partners

LOS ANGELES–(BUSINESS WIRE)–MedMen Enterprises Inc. (CSE:MMEN) (OTCQX:MMNFF) (FSE: A2JM6N) (“MedMen” or the “Company”), is pleased to announce that it has signed a binding term sheet for a senior secured convertible credit facility of up to US$250,000,000 (the “Facility”) from funds managed by Gotham Green Partners (“GGP” or the “Investor”), an investor in the global cannabis …

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Fifth Third Bancorp Completes Merger With MB Financial, Inc.

CINCINNATI & CHICAGO–(BUSINESS WIRE)–Fifth Third Bancorp (Nasdaq: FITB) announced today it has completed its acquisition of MB Financial, Inc. (Nasdaq: MBFI). Primary systems and client conversion is expected to occur in early May 2019. Both Fifth Third and MB Financial customer relationships will continue business as usual until the conversion. MB customers will be informed …

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First Foundation Announces First Quarter 2019 Earnings Release and Conference Call

IRVINE, Calif.–(BUSINESS WIRE)–First Foundation Inc. (NASDAQ: FFWM) (“First Foundation”), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, today announced that it will report its financial results for the first quarter ending March 31, 2019 before the market opens on Wednesday, April 24, 2019. On April 24, 2019, …

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MetLife Investment Management Originates Record $14.7 Billion in Private Debt in 2018

Private debt portfolio grows to $70.6 billion WHIPPANY, N.J.–(BUSINESS WIRE)–MetLife Investment Management (MIM), MetLife, Inc.’s (NYSE: MET) institutional asset management business, originated $14.7 billion in private debt in 2018 across its corporate private placements and infrastructure platforms, a record amount for MIM. This included $4.7 billion of investments on behalf of MIM’s unaffiliated/third-party institutional investors. …

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Spirit MTA REIT Announces Fourth Quarter 2018 Financial and Operating Results

– Liquidity of $202.1 million as of December 31, 2018 – – Eight disposed properties with gross proceeds of $15.2 million – DALLAS–(BUSINESS WIRE)–Spirit MTA REIT (NYSE: SMTA) (“SMTA” or the “Company”), a net-lease real estate investment trust (“REIT”) headquartered in Dallas, Texas, today reported its financial and operating results for the fourth quarter ended December 31, …

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Bar Harbor Bankshares Announces Stock Repurchase Plan

BAR HARBOR, Maine–(BUSINESS WIRE)–Bar Harbor Bankshares (NYSE American: BHB; the “Company”) announced that its Board of Directors authorized a share repurchase plan (the “Plan”). Under the terms of the Plan, the Company is authorized to repurchase up to 5% of its outstanding common stock, representing approximately 776,000 shares as of March 15, 2019. The plan …

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Tuscan Holdings Corp. Announces Securities to Commence Separate Trading

NEW YORK–(BUSINESS WIRE)–Tuscan Holdings Corp. (NASDAQ: THCBU) (the “Company”) announced today that separate trading of its shares of common stock and warrants underlying the Company’s units would commence on or about March 27, 2019. The common stock and warrants will be traded on the Nasdaq Capital Market (“Nasdaq”) under the symbols “THCB” and “THCBW”, respectively. …

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Hansard Global Plc Selects SaaS-Based Majesco LifePlus Solutions to Transform Their Business

DUBLIN–(BUSINESS WIRE)–Majesco (NASDAQ:MJCO), a global leader of cloud core insurance software, today announced that Hansard Global plc, a FTSE listed business, selected Majesco Life IllustratePlus, Majesco Life AdminPlus, and Majesco Life DistributionPlus to support its ambitious growth plans. Hansard Global plc, which is headquartered on the Isle of Man, provides innovative financial products and services …

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Franklin Covey to Report Second-Quarter Fiscal 2019 Financial Results

Conference Call to be held on April 4, 2019 SALT LAKE CITY–(BUSINESS WIRE)–Franklin Covey Co. (NYSE: FC), a leader in organizational performance improvement, announced today that the conference call to review the Company’s second-quarter fiscal 2019 financial results will take place on Thursday, April 4, 2019, at 5:00 p.m. ET (3:00 p.m. MT). The Company’s …

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