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AM Best Releases Revised Criteria Procedure: ‘Best’s National Scale Ratings’
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has released its revised criteria procedure, “Best’s National Scale Ratings” (NSR), which is effective immediately. AM Best initiated a Call for Comment (CFC) related to the NSR criteria procedure on March 24, 2025, with the comment period closing on April 23, 2025. The revisions to criteria procedure include the introduction of NSR coverage for three additional countries: Algeria, Brazil and Thailand. This will allow greater differentiation among insuran
Mouser Electronics Receives Top Global Distributor, Growth Awards from HARTING
DALLAS & FORT WORTH, Texas--(BUSINESS WIRE)--Mouser Electronics, Inc., the authorized global distributor with the newest electronic components and industrial automation products, has been honored with HARTING's prestigious Global High Service Distributor of the Year Award. Mouser also received the Distinguished Award for New Product Sales Growth. The awards were presented at HARTING's recent 2025 Distribution Summit in Louisville, Kentucky. Since 2003, Mouser has offered HARTING's extensive por
Sports Industry Veteran Paul Brewer Joins Fintech Startup Payment Labs to Expand Sports Portfolio
LOS ANGELES--(BUSINESS WIRE)--Payment Labs, a global fintech leader, announces the appointment of sports industry veteran Paul Brewer as EVP of Sales & Sports Partnerships.
Securities Fraud Investigation Into Novo Nordisk A/S (NVO) Continues – Investors Who Lost Money Urged To Contact Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm
LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP, a leading national shareholder rights law firm, continues its investigation on behalf of Novo Nordisk A/S (“Novo Nordisk” or the “Company”) (NYSE: NVO) investors concerning the Company’s possible violations of the federal securities laws. IF YOU ARE AN INVESTOR WHO LOST MONEY ON NOVO NORDISK A/S (NVO), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS. What Happened? On June 23, 2025, Novo Nordisk announce
Investing in the Future: American Water Speaks on Workforce and Water Quality at 2025 NARUC Summer Summit
CAMDEN, N.J.--(BUSINESS WIRE)-- #AmericanWater--American Water (NYSE: AWK), the largest regulated water and wastewater utility company in the U.S., participated in the 2025 National Association of Regulatory Utility Commissioners (NARUC) Summer Policy Summit, July 27 through July 30, 2025, in Boston, Massachusetts. The Summit brought together state regulators, utility industry leaders and stakeholders to explore pressing issues facing the utility sector, from workforce development to environmental innovation. P
MetroWall Breaks Ground on New Headquarters to Support Growth and Innovation
CONGERS, N.Y.--(BUSINESS WIRE)--MetroWall is proud to announce the groundbreaking of a new headquarters facility adjacent to its current location in Congers, NY. Set to open in late 2026, the state-of-the-art building will be double the size of the existing headquarters, reflecting the company’s continued growth and commitment to innovation and domestic production. The expanded facility will significantly increase MetroWall’s manufacturing capabilities and include a dedicated Research & Dev
Chase Celebrates Major Milestone in its Multi-Billion Dollar Retail Expansion
NEW YORK--(BUSINESS WIRE)--JPMorganChase today celebrated the construction of its 1,000th branch since launching its market expansion initiative in 2018, marking a significant milestone toward improving access to financial services across the nation. At a ribbon-cutting ceremony in Charlotte, North Carolina, JPMorganChase executives joined local community members to officially open the new branch and highlight the positive impact Chase branches have on local neighborhoods. “Every day, nearly on
Northern Trust Pension Universe Data: Canadian Pension Plan Returns Advanced for Q2 as Equity Markets Rebounded from Tariff Shock Waves
TORONTO--(BUSINESS WIRE)--Canadian pension plans marked a positive finish to the first half of 2025, according to the Northern Trust Canada Universe. The median Canadian Pension Plan returned 0.6% for the second quarter and 1.8% year-to-date for the period ending June 30, 2025. The second quarter saw conflict in the Middle East and many similarities to the first three months of the year, including tariff friction, geopolitical tension, and their cascading impact on global growth. One factor tha
AM Best Affirms Credit Ratings of The Hartford Steam Boiler Group’s Members
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has affirmed the Financial Strength Rating (FSR) of A++ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa+” (Superior) of the members of The Hartford Steam Boiler Group (HSB). The outlook of these Credit Ratings (ratings) is stable. (See below for a detailed listing of the companies.) The ratings reflect HSB’s balance sheet strength, which AM Best assesses as strongest, as well as its very strong operating performance, favorable bu
KBRA Releases Research – Conduit CMBS Default and Loss Study Update: 2.0 Begins to Make its Mark
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA releases a new conduit CMBS default and loss study that updates our previous observations on the credit behavior of conduit loans. This KBRA report provides insights into the property, loan, and financial characteristics that contributed to conduit loan defaults and losses over the 29-year study period. Given the current popularity of five-year conduit loans—driven by borrower hesitancy to lock in longer-term financing—we have added an addendum that compares defa
U.S. Employers Signal Optimistic Hiring Outlook with a Growing Need for Skilled Entry-Level Workers
LOS ANGELES--(BUSINESS WIRE)-- #PLM--Companies large and small across the U.S. share a growing demand for skilled entry-level workers but see a gap in needed skills and certifications among candidates. Most of them believe additional job training and exposure in high school would help significantly. Lifelong Learning Administration Corporation (LLAC), a nonprofit that provides administrative and operational support to schools, commissioned an independent survey1 designed to reveal employer opinions ab
Hallmark Names Andrea Mazzoccoli as First Chief Nursing Officer, Strengthening Clinical Leadership
CHARLESTOWN, Mass.--(BUSINESS WIRE)--Hallmark Health Care Solutions, a leading healthcare workforce management technology company, today announced the appointment of Andrea Mazzoccoli, RN, MSN, MBA, PhD, FAAN, as the company’s first-ever Chief Nursing Officer (CNO). While nurses have always been part of Hallmark’s DNA, the appointment of a CNO marks a strategic evolution, elevating clinical insight to the executive level. The move comes at a time when the healthcare industry faces intensifying
Spotlight & Profound Redefine How B2B Technology Brands Influence AI Search
KANSAS CITY, Mo.--(BUSINESS WIRE)--Spotlight, the world’s largest analyst relations (AR) agency, today announced a strategic partnership with Profound, the first platform designed to help enterprises understand and improve their visibility in AI search. This collaboration gives B2B technology companies a powerful competitive advantage: Profound’s AI search analytics and optimization tools, combined with Spotlight’s expert guidance on managing reputation across two of AI’s most trusted sources –
Landon Capital Partners Exits iMemories in Strategic Sale to Ancestry
BOSTON--(BUSINESS WIRE)--Landon Capital Partners (“LCP”), a leading lower-middle-market private equity firm, alongside its partner Greens Farms Capital, announced on July 31, 2025, the sale of iMemories to Ancestry. Headquartered in Scottsdale, Arizona, iMemories has digitized more than 100 million memories for over one million families across the U.S. and is the market leader in this space. Ancestry, based in Lehi, UT, is the world leader in family history and consumer genomics. The acquisitio
Interactive Brokers Launches Version 1.0 of IBKR Desktop, Delivering a Comprehensive Trading Experience in One Platform
GREENWICH, Conn.--(BUSINESS WIRE)-- #IBKR--Interactive Brokers (Nasdaq: IBKR) today announced the official launch of Version 1.0 of IBKR Desktop.
Loci Capital and Hersh Equity Group Acquire 230,000 SF Small-Bay Industrial Portfolio in Broward County
TAMPA, Fla.--(BUSINESS WIRE)--Loci Capital (“Loci”), a diversified real estate investment firm, today announced the acquisition of a six-building, 230,000-square-foot small-bay industrial portfolio in West Park, Florida, in partnership with Hersh Equity Group (“HEG”). The portfolio, strategically located within the Fort Lauderdale MSA, consists of 116 suites averaging 1,000–2,000 square feet. The properties are positioned adjacent to a Home Depot and cater to the growing demand from small, serv
Instem achieves a major milestone, acquires all shares of Xybion from Banerjee Group LLC controlled by Dr. Pradip K. Banerjee
BOSTON & STAFFORDSHIRE, England--(BUSINESS WIRE)--Instem announces the acquisition of Xybion Digital
Summize Marks Five Consecutive Years of 100% ARR Growth as Its Global CLM Adoption Accelerates
BOSTON & MANCHESTER, England--(BUSINESS WIRE)--Growth and momentum continue for Summize and its intuitive AI-powered CLM solution as the company announced its fifth consecutive year of 100% ARR growth. Summize grew its U.S. ARR by 215% and increased its global employee headcount by 49% in its latest fiscal year (ending June 2025). In the last 12 months, the company has achieved key milestones in customer success, product development, team expansion, and widespread industry recognition for its i
Andersen Consulting Enhances Organizational Development Capabilities with Omni HR Consulting
SAN FRANCISCO--(BUSINESS WIRE)-- #AndersenConsulting--Andersen Consulting adds to its human capital capabilities through a Collaboration Agreement with Omni HR Consulting.
Eaton Vance Closed-End Funds Release Estimated Sources of Distributions
BOSTON--(BUSINESS WIRE)--The Eaton Vance closed-end funds listed below released today the estimated sources of their July distributions (each a “Fund”). This press release is issued as required by the Funds’ managed distribution plan (Plan) and an exemptive order received from the U.S. Securities and Exchange Commission. The Board of Trustees has approved the implementation of the Plan to make monthly, as noted below, cash distributions to common shareholders, stated in terms of a fixed amount