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Lynn Good Elected to Morgan Stanley Board of Directors
NEW YORK--(BUSINESS WIRE)--Morgan Stanley (NYSE: MS) today announced that Lynn Good has been elected to the Company’s Board of Directors, effective July 18, 2025. Ms. Good, 66, is the former Chair, CEO and President of Duke Energy. Her appointment will bring Morgan Stanley’s Board of Directors to 15 members. She will serve on the Board’s Audit Committee. Ted Pick, Chairman and CEO of Morgan Stanley, said, “We are very happy to welcome Lynn Good to our Board. As the former Chair and CEO of Duke
Ambac Financial Group Provides Update on the Timing of the Sale of Its Legacy Financial Guarantee Business
NEW YORK--(BUSINESS WIRE)--Ambac Financial Group provides update on the timing of the sale of its legacy financial guarantee business
PACS Group to Restate Certain Previously Issued Financial Statements
FARMINGTON, Utah--(BUSINESS WIRE)--PACS Group, Inc. (NYSE: PACS) (“PACS” or the “Company”) announced today that it will restate its previously issued condensed combined/consolidated financial statements as of and for the three months ended on March 31, 2024 included in the Company’s Quarterly Report on Form 10-Q filed with the SEC on May 13, 2024 (as amended on May 21, 2024), and as of and for the three and six months ended on June 30, 2024 included in the Company’s Quarterly Report on Form 10-
Affinity Plus Named One of Minnesota’s Top Workplaces
ST. PAUL, Minn.--(BUSINESS WIRE)--Affinity Plus Federal Credit Union (Affinity Plus) has been named one of the Top 200 Workplaces in Minnesota by the Star Tribune for the eighth year in a row. Affinity Plus made the #6 ranking on the list of large companies as a Top Workplace, with a special Best Benefits award that honors organizations offering exceptional employee benefits. “Our employees have made it clear that Affinity Plus is more than just a workplace – it’s a community built on trust, pu
PHH Mortgage Expands With Blend to Enhance Refinance and Home Equity Experiences for Borrowers
SAN FRANCISCO--(BUSINESS WIRE)--PHH Mortgage, one of the largest mortgage servicers in the U.S., and a subsidiary of Onity Group Inc. (NYSE: ONIT), is expanding its partnership with Blend Labs, Inc. (NYSE: BLND) to deliver faster, more seamless refinance and home equity experiences for borrowers. PHH Mortgage has expanded its use of Blend’s technology platform, already powering its mortgage lending operations, to now include Rapid Refi and Rapid Home Equity. As part of its ongoing digital trans
UC Berkeley names Jennifer Chatman dean of the Haas School of Business
BERKELEY, Calif.--(BUSINESS WIRE)--Professor Jennifer Chatman, a trailblazing organizational culture expert at UC Berkeley’s Haas School of Business, has been named the school’s 16th dean. Chatman, the Paul J. Cortese Distinguished Professor of Management, has served as interim dean since last July. She will assume her new role July 1, 2025. “As a proud double Bear, I am deeply honored to be leading Haas,” said Chatman, who earned a bachelor’s degree from UC Berkeley and a PhD in business admin
Hercules Capital Closes Upsized Institutional Notes Offering of $350.0 Million 6.000% Unsecured Notes due 2030
SAN MATEO, Calif.--(BUSINESS WIRE)--Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”), today announced that it has closed an upsized underwritten public offering of $350.0 million in aggregate principal amount of 6.000% notes due June 2030 (the “Notes”). The Notes are unsecured and bear interest at a rate of 6.000% per year, payable semiannually, will mature on June 16, 2030 and may be redeemed in whole or in part at any time or from time to time at the Company’s option at par,
Fifth Third Bancorp Announces Share Repurchase Authorization
CINCINNATI--(BUSINESS WIRE)--Today, Fifth Third Bancorp announced that its Board of Directors approved a new share repurchase authorization of up to 100 million shares, which replaces the previous authorization from 2019 under which 11.8 million shares remain. The new repurchase authorization does not have an expiration date, does not include specific price targets, may be executed through open market purchases or one or more private negotiated transactions, including Rule 10b5-1 programs, and
Blue Cross Blue Shield Plans’ Administrative Expenses Decelerate Again in 2024
PHILADELPHIA--(BUSINESS WIRE)--For the second year in a row Blue Cross Blue Shield Plans posted a sharp decline in PMPM expense growth, to 4.0% in 2024 from 5.6% in 2023.
AM Best Withdraws Credit Ratings of Transmonde Services Insurance Company Limited
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Transmonde Services Insurance Company Limited (Transmonde) (Hamilton, Bermuda). The outlook of these Credit Ratings (ratings) is stable. Concurrently, AM Best has withdrawn these ratings as the company has requested to no longer participate in AM Best’s interactive rating process. The ratings reflect Transmonde’s balance sheet strength,
İş Private Equity Provides Funding to Develop New Therapies for Obesity and Age-Related Diseases: Enlila Biotech Venture Announced
CAMBRIDGE, Mass.--(BUSINESS WIRE)--İş Private Equity, a subsidiary of Türkiye İşbank Group, has launched Enlila, a biotechnology venture, for the purpose of entering into a sponsored research agreement with the Hotamışlıgil Lab at Harvard T.H. Chan School of Public Health. Research led by Prof. Gökhan Hotamışlıgil had elucidated a fundamental mechanism underlying obesity and age-related diseases. Preclinical studies indicate that this mechanism has significant therapeutic potential, and the Hot
KBRA Assigns Preliminary Ratings to COOPR Residential Mortgage Trust 2025-CES2 (COOPR 2025-CES2)
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to 8 classes of Certificates from COOPR Residential Mortgage Trust 2025-CES2 (COOPR 2025-CES2), a $317.5 million RMBS transaction, as of the cut-off date, sponsored by Nationstar Mortgage LLC d/b/a Mr. Cooper and Loan Funding Structure VI LLC and consists almost entirely of 4,613 newly originated closed-end second lien mortgages (CES; 99.9%). The underlying pool is seasoned approximately 0.5 months and all loans are originated by Mr. C
Rosen Law Firm Urges 3D Systems Corporation (NYSE: DDD) Stockholders with Losses in Excess of $100K to Contact the Firm for Information About Their Rights
NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces that a shareholder filed a class action lawsuit on behalf of purchasers and acquirers of 3D Systems Corporation (NYSE: DDD) securities between August 13, 2024 and May 12, 2025, both dates inclusive (the “Class Period”). 3D Systems provides 3D printing and digital manufacturing solutions. For more information, submit a form, email attorney Phillip Kim, or give us a call at 866-767-3653. The Allegations: Rosen
Expert Institute Acquires ExpertConnect Litigation Support, LLC, Expanding Leadership in High-Stakes Expert Witness Consulting
NEW YORK--(BUSINESS WIRE)-- #ecls--Expert Institute, the legal industry’s leading provider of expert witness services, research, and data-driven intelligence, today announced its acquisition of ExpertConnect Litigation Support, LLC (ECLS), a national firm known for its elite network of expert witnesses in high-stakes regulatory, commercial, and intellectual property disputes. The acquisition further solidifies Expert Institute’s position as the largest and most trusted platform for expert witness engag
AFBA and 5Star Life Insurance Company Appoints Xianmei Tang Chief Actuary and Senior Vice President, Actuarial
ALEXANDRIA, Va.--(BUSINESS WIRE)--Armed Forces Benefit Association (AFBA), and its affiliate, 5Star Life Insurance Company (5Star Life), announced today the appointment of Xianmei Tang as Chief Actuary and Senior Vice President, Actuarial, effective June 13, 2025. “We are pleased to welcome Xianmei to the AFBA and 5Star Life team," said General Larry O. Spencer, USAF (Ret.), President of AFBA and 5Star Life. “His deep actuarial knowledge will be a great asset as we continue to make financially
ZBIO Investors Have Opportunity to Lead Zenas BioPharma, Inc. Securities Fraud Lawsuit with the Schall Law Firm
LOS ANGELES--(BUSINESS WIRE)---- $ZBIO--ZBIO Investors Have Opportunity to Lead Zenas BioPharma, Inc. Securities Fraud Lawsuit with the Schall Law Firm
DDD Investors Have Opportunity to Lead 3D Systems Corporation Securities Fraud Lawsuit with the Schall Law Firm
LOS ANGELES--(BUSINESS WIRE)---- $DDD--DDD Investors Have Opportunity to Lead 3D Systems Corporation Securities Fraud Lawsuit with the Schall Law Firm
HomeServices of America Expands Executive Leadership Team with Appointment of Renee Gonzales as Vice President of Core Services Integrations
MINNEAPOLIS--(BUSINESS WIRE)--HomeServices of America, the nation’s premier provider of homeownership services – including brokerage, mortgage, franchising, title, escrow, insurance, and relocation services – today announced the appointment of Renee Gonzales as Vice President – Core Services Integrations, a newly created role designed to accelerate business growth and operational alignment across its national network of companies. In her expanded role, Gonzales – who will remain as CEO of Long
Advisor Team with Over $300 Million In Assets Joins Ameriprise Financial for Independence, Leadership and Financial Planning Capabilities
MINNEAPOLIS--(BUSINESS WIRE)--Private wealth advisory practice, Allegiant Private Wealth, recently joined the independent channel of Ameriprise Financial, Inc. (NYSE: AMP) from Merrill Lynch with over $300 million in assets. The practice, located in Ocean City, M.D. is led by Private Wealth Advisor Christine Selzer, CFP®, and includes Private Wealth Advisors Brian Selzer, CRPC™ and Brody Grove, CFP®. The move was driven by the team’s desire for greater independence and a stronger emphasis on in
IBTA Investors Have Opportunity to Lead Ibotta, Inc. Securities Fraud Lawsuit with the Schall Law Firm
LOS ANGELES--(BUSINESS WIRE)---- $IBTA--IBTA Investors Have Opportunity to Lead Ibotta, Inc. Securities Fraud Lawsuit with the Schall Law Firm