Category: Business

Business News from around the world.

KBRA Assigns A+/K1+ Ratings to the Republic of Ireland

DUBLIN–(BUSINESS WIRE)–Kroll Bond Rating Agency Europe Limited (KBRA Europe) assigns A+ long-term issuer ratings to the Republic of Ireland. KBRA also assigns K1+ short-term issuer ratings to the sovereign. The long-term ratings carry a Stable Outlook. The sovereign credit report is available here.   Ratings         Rating     Outlook     …

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Taubman Centers Announces Taxable Allocations of 2018 Common and Preferred Share Dividend Distributions

BLOOMFIELD HILLS, Mich.–(BUSINESS WIRE)–Taubman Centers, Inc. (NYSE: TCO) announced today the tax allocations of the 2018 dividend distributions on its common shares and 6.5% Series J and 6.25% Series K Cumulative Redeemable Preferred Shares. The 2018 distributions paid with respect to Taubman Centers, Inc. Common Stock (NYSE: TCO/Cusip no. 876664103) are as follows: Declaration Date …

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Photo of Cigna Building Blessings in a Backpack in Orlando Available on Business Wire’s Website and the Associated Press Photo Network

ORLANDO–(BUSINESS WIRE)–A photo is available on Business Wire’s website and the Associated Press photo network of Cigna and Express Scripts employees in Orlando celebrating the combination of the two companies by filling 1,500 backpacks with food for children at the Metrowest and Westpointe Elementary Schools in Orlando. The event marked the beginning of a new …

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Photo of Cigna Building Blessings in a Backpack in Phoenix Available on Business Wire’s Website and the Associated Press Photo Network

PHOENIX–(BUSINESS WIRE)–A photo is available on Business Wire’s website and the Associated Press photo network of Cigna and Express Scripts employees at the Cigna Norterra office celebrating the combination of the two companies by filling 1,500 backpacks with food for children at the Nevitt Elementary School in Tempe, Arizona. The event marked the beginning of …

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KBRA Assigns Preliminary Ratings to Oxford Finance Funding 2019-1 LLC

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to three classes of notes issued by Oxford Finance Funding 2019-1 LLC. Oxford Finance Funding 2019-1 LLC (the “Issuer” or “Oxford 2019-1”) will issue the Class A-1 Revolving Notes (the “Class A-1 Notes” or the “Variable Funding Notes”), the Class A-2 Term Notes (the “Class A-2 Notes”) and, together with the Class A-1 Notes, …

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Wipro Limited Announces Results for the Quarter ended December 31, 2018 under IFRS

IT Services Revenue growth in Constant Currency at 2.4% sequentiallyNet Income for the quarter grew by 29.6% YoY % BANGALORE, India & EAST BRUNSWICK, N.J.–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/IFRS?src=hash” target=”_blank”gt;#IFRSlt;/agt;–Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) today announced financial results under International Financial Reporting Standards (IFRS) for its quarter ended December 31, 2018. As stated in …

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Apex Group Selects Citi as Global Custodian

LONDON–(BUSINESS WIRE)–Citi (NYSE: C) has been awarded a mandate from Apex Group Ltd. (“Apex”), one of the world’s largest fund administrators, to provide custody services to its global client base. The partnership between Citi and Apex will deliver integrated custody services and streamlined operational processes to Apex’s asset management clients. With over $21.3 trillion of …

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Corbin Advisors’ Latest Industrial Sentiment Survey Finds Significant Erosion in Growth Outlooks and Dramatic Shifts in Sector Views

Our survey recorded a sharp pullback in positive investor sentiment and perceived management tone but outright bearish views remains muted Over half, or 52%, expect 4Q18 earnings to be In Line with consensus, though only 28% expect sequential improvement; nearly 60% anticipate FY 2019 guidance outlooks to be Weaker than 2018 Sentiment reflects an overall …

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Frederick County Bancorp, Inc. Reports Results for the Fourth Quarter 2018

FREDERICK, Md.–(BUSINESS WIRE)–Frederick County Bancorp, Inc. (the “Company”) (OTC Pink Marketplace: FCBI), the parent company for Frederick County Bank (“FCB”), announced today that, for the quarter ended December 31, 2018, the Company recorded net income of $712 thousand and diluted earnings per share of $0.45, as compared to net income of $341 thousand and diluted …

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Morgan Stanley Global Sports & Entertainment Announces Exclusive Partnership with Reese’s Senior Bowl

Advisors to conduct financial education sessions for players and parents NEW YORK–(BUSINESS WIRE)–Morgan Stanley Global Sports & Entertainment (GSE), a division of Morgan Stanley Wealth Management dedicated to serving the unique and sophisticated needs of professional athletes and entertainers, today announced its exclusive partnership with the 70th annual Reese’s Senior Bowl. All players will attend …

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CORRECTING and REPLACING Paychex Declares Quarterly Dividend

ROCHESTER, N.Y.–(BUSINESS WIRE)–First paragraph should read: … payable February 15, 2019 to shareholders of record February 1, 2019 (instead of … payable February 1, 2019 to shareholders of record February 15, 2019). The corrected release reads: PAYCHEX DECLARES QUARTERLY DIVIDEND Today the Board of Directors of Paychex, Inc. (NASDAQ-PAYX) declared a regular quarterly dividend of $.56 …

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Medallion Financial Corp. Announces Postponement of Initial Public Offering of Preferred Stock by Medallion Bank

NEW YORK–(BUSINESS WIRE)–Medallion Financial Corp. (Nasdaq: MFIN, “Medallion Financial”) announced today that its wholly owned subsidiary, Medallion Bank, was postponing its previously announced initial public offering of shares of its Series F Fixed-to-Floating Rate Noncumulative Perpetual Preferred Stock, par value $1.00 per share, with a liquidation preference of $25 per share (the “Series F Preferred …

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Financial Wellness in the Workplace: A Success Story

VIRGINIA BEACH, Va.–(BUSINESS WIRE)–The statistics are out there. Employees are struggling financially, leading to higher stress and lower productivity in the workplace. Not to mention increased health insurance claims. If you have a pulse on the latest trends in employee benefit offerings, or are actively engaged with your workforce, this comes as no surprise. But, …

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Tremont Mortgage Trust Announces its First Dividend on Common Shares

NEWTON, Mass.–(BUSINESS WIRE)–Tremont Mortgage Trust (Nasdaq: TRMT) today announced its first distribution on its common shares of $0.11 per common share. This first distribution is a partial distribution considering the timing of the closings of the seven investments made to date. TRMT expects to declare and pay a full distribution to common shareholders of $0.20 …

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FB Financial Corporation Declares Regular Quarterly Dividend of $0.08 Per Share

NASHVILLE, Tenn.–(BUSINESS WIRE)–lt;a href=”https://twitter.com/search?q=%24FBK&src=ctag” target=”_blank”gt;$FBKlt;/agt;–FB Financial Corporation (the “Company”) (NYSE: FBK) announced today that its Board of Directors declared a quarterly cash dividend of eight cents ($0.08) per share. The dividend is payable on February 15, 2019 to shareholders of record as of February 1, 2019. Christopher T. Holmes, President and Chief Executive Officer, commented, …

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WorldQuant and QuantInsti Launch Talent Partnership

Creates Opportunities for Quantitative Trading Talent in Asia OLD GREENWICH, Conn. & MUMBAI, India–(BUSINESS WIRE)–WorldQuant, the global quantitative asset management firm, and QuantInsti, the algorithmic trading research and training institute, today announced a new hiring partnership intended to increase opportunities for quantitative trading talent in Asia. This partnership builds on both organizations’ efforts to uncover …

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State Street Reports Fourth-Quarter 2018 EPS of $1.04; EPS $1.68 Excluding Notable Items(a)

Net Interest Income up 13% with NIM Expansion Year-on-Year Initiated New $350 Million Expense Savings Program Better Positioned for CCAR 2019 Due to Balance Sheet Optimization Full-Year 2018 ROE of 12.2%, up 1.6% Points from Full-Year 2017 BOSTON–(BUSINESS WIRE)–In announcing today’s financial results, Ronald O’Hanley, President and Chief Executive Officer, said “Over the course of …

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LTI Q3 FY19: Constant currency revenue growth up 6.1% QoQ and 20.6% YoY; Net Profit jumps 32.8% YoY

MUMBAI, India–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/LTI?src=hash” target=”_blank”gt;#LTIlt;/agt;–Larsen & Toubro Infotech (BSE code: 540005, NSE: LTI), a global technology consulting and digital solutions company, announced its Q3 FY19 results today. In US Dollars: Revenue at USD 346.9 million; growth of 5.6% QoQ and 18.2% YoY Constant Currency Revenue growth of 6.1% QoQ and 20.6% YoY In Indian Rupees: …

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