Technology | Texas
Amazon to launch drone delivery in Arizona
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Amazon announced it will start operating a drone delivery service in the West Valley Phoenix Metro Area this year.
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ECONOMICS
SBA Administrator Guzman to Kick Off National Small Business Week with Events April 28-29 in Washington, D.C.
SBA Administrator Isabel Casillas Guzman is set to launch National Small Business Week (NSBW) events in Washington, D.C. on April 28-29. The event will bring together the 2024 Award Winners, individuals who exemplify the resilience and determination driving the nation's economy.During the event, the Small Business Administration (SBA) will honor various stakeholders for their contributions to entrepreneurial development, federal contracting, lending, disaster recovery, and more. Administrator Guzman stated, "The press is invited to attend all events and must RSVP......
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SBA Recognizes 2023 T.H.R.I.V.E. Program Winners
Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA), announced the recognition of the 2023 T.H.R.I.V.E. Emerging Leaders Reimagined cohort winners in Seattle and North Metro Puerto Rico. Guzman emphasized the Biden-Harris Administration's commitment to supporting small businesses through initiatives like the T.H.R.I.V.E. program, stating, "T.H.R.I.V.E. trainers play a crucial role in developing a robust network of trusted advisors and peer support networks across the country."The T.H.R.I.V.E. program, which stands for Train. Hope....
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SBA Announces 2024 Growth Accelerator Fund Competition Stage One Winners, Up to $3 Million in Prizes Awarded
The U.S. Small Business Administration (SBA) has announced the winners of the 2024 Growth Accelerator Fund Competition (GAFC) Stage One, with each recipient receiving $50,000 in prize awards. Administrator Isabel Casillas Guzman highlighted the significance of these winners in fostering innovation and supporting small businesses, stating, "SBA’s Growth Accelerator Fund Competition Stage One winners join the SBA’s incredible network of entrepreneurial support organizations contributing to America’s innovative startup ecosystem."The competition focused on three theme areas:...
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BANKING & FINANCE
Hidehiro Imatsu Named President of Goldman Sachs Japan Co., Ltd.
Goldman Sachs Group, Inc. (NYSE:GS) has appointed Hidehiro Imatsu as the new president and representative director of Goldman Sachs Japan Co., Ltd. (“GSJCL”), with the effective date set for June 3, 2024. Imatsu, currently serving as co-head of Global Interest Rate Products Trading and co-head of the Asia Pacific Fixed Income, Currency and Commodities Franchise in Hong Kong, will retain these roles while taking on the new leadership position in Tokyo.In a statement, David Solomon, Chairman and Chief Executive Officer of Goldman Sachs, expressed confidence in Imatsu's...
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Spelman College Wins Goldman Sachs’ Fourth-Annual Market Madness Competition and $1 Million Grant
Goldman Sachs' HBCU Market Madness competition concluded with Spelman College emerging victorious for the third time in four years, securing a $1 million grant. The event, which is part of the firm's HBCU Possibilities Program, saw finalists from Delaware State University, Florida A&M University, Howard University, and Spelman College present case studies to top Goldman Sachs and Nike executives.Megan Hogan, Goldman Sachs' global head of Talent and chief diversity officer, expressed admiration for the talent showcased by HBCU students during the competition, stating, "The...
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Goldman Sachs to Redeem Depositary Shares Representing Series K Preferred Stock
NEW YORK, NY, April 16, 2024 - The Goldman Sachs Group, Inc. (NYSE: GS) has announced its plan to redeem all outstanding shares of its 6.375% Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series K ("Series K Preferred Stock") and the corresponding 28,000,000 depositary shares ("Depositary Shares") on May 17, 2024.According to The Goldman Sachs Group, Inc., "The Depositary Shares will be redeemed for a redemption price equal to $25 per Depositary Share (equivalent to $25,000 per share of Series K Preferred Stock) plus an amount equal to any dividends that have...
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HEALTH CARE
Richmond doctor: ‘My practice philosophy is to help people breathe free’
Inflammation of the sinuses is one of the key indicators of chronic sinusitis, a condition that affects many Americans. According to Dr. John Ditto of Richmond Breathe Free, the longer sinus inflammation goes untreated, the more it will affect a patient’s quality of life.
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Medfluence Advisors wins Gold Viddy Award with 'The Pronunciation' Healthcare Marketing Video Series
Medfluence Advisors was honored with a 2023 gold Viddy Award for their video series "The Pronunciation." Garnering over 7.2 million views on YouTube, this campaign exemplifies the company's forward-thinking strategy in healthcare marketing.
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Pool Re CEO 'confident' as UK terrorism reinsurer faces pivotal vote on future
State-backed UK terrorism reinsurer Pool Reinsurance Co. Ltd. is "very confident" that its members will vote in favor of fundamental changes to how it is run. The changes, which include shifting to catastrophe treaty-style reinsurance coverage from the current facultative model, are part of Pool Re's remit to return more risk to the private insurance market, which is a condition of its unlimited guarantee from the UK government. Pool Re is classified as an arms-length body of the UK Treasury department."The government support for the scheme ... sits as a cornerstone for...
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UK insurance M&A the outlier as EMEA deal volume falls in 2023
Mergers and acquisitions in the UK insurance industry saw a rise in 2023, contrasting with a broader slowdown in deal activity across Europe, the Middle East, and Africa. According to S&P Global Market Intelligence data, "there were 156 acquisitions of UK insurance targets last year, up from 130 in 2022."While deal numbers across EMEA decreased, the UK stood out as the most active M&A market in the region. The main driver behind the UK's volume was broker M&A, with a large number of small brokers and larger groups pursuing buy-and-build strategies. Notable deals included...
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RETAIL
Bork on report analyzing 'doomsday mergers': 'The doom and gloom predictions that seem to go hand-in-hand with reports of potential mergers have been overblown time and time again'
New reports by the International Center for Law and Economics show that many high-profile mergers have been highly criticized, saying they will do major harm to both competition and consumers.
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Sugar Grove Ace Hardware hosting Halloween pumpkin-painting contest Saturday, Oct. 29
Sugar Grove Ace Hardware will hold its ninth-annual pumpkin painting event on Saturday, Oct. 29.
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Central Illinois Ace Hardware-Havana to hold grand reopening event through Saturday
Central Illinois Ace Hardware-Havana will be hosting a grand reopening now through Saturday.
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