Business Daily Reports News
By A. A. Sanchez | Jul 17, 2024
State Farm® has announced the return of its "Gamerhood" series for a third season, this time set in the futuristic and cyberpunk-inspired Neo City. The series, which has garnered multiple awards, brings together prominent figures from streaming and entertainment to compete in various gaming challenges under the guidance of Jake from State Farm. The ultimate prize is the key to Neo City and a $100,000 charitable donation to the winning team's designated charity.
By Business Daily | Jul 17, 2024
Global investment firms Carlyle (NASDAQ: CG) and KKR (NYSE: KKR) announced today that strategic partnerships comprising funds and accounts managed by their respective credit businesses have agreed to acquire a prime student loan portfolio from Discover Financial Services (NYSE: DFS) valued at approximately $10.1 billion.
By Business Daily | Jul 17, 2024
Morgan Stanley Wealth Management today announced results from its quarterly individual investor pulse survey.
By Business Daily | Jul 17, 2024
The National Right to Work Legal Defense Foundation announced that the National Labor Relations Board (NLRB) in Philadelphia has scheduled a vote for July 17 to decide if employees at Philadelphia International Airport can remove Unite Here Local 274 union officials. This decision follows nearly five months of litigation initiated by employee Kale Mulugeta with assistance from the foundation's attorneys.
By Business Daily | Jul 16, 2024
Morgan Stanley has announced its second quarter results for 2024. A conference call to discuss the outcomes will be held on July 16, 2024, at 9:30 a.m. (ET). Both live and on-demand versions of the webcast will be available in the Investor Relations section of Morgan Stanley's website.
By Business Daily | Jul 16, 2024
NEW YORK, July 16, 2024 – The recent rise in U.S. homeowners insurance costs has been driven by a combination of increasing natural catastrophe losses and extraordinary inflation following COVID-19, according to the Insurance Information Institute’s (Triple-I) latest Issues Brief. Triple-I also noted that legal system abuse is contributing to the cost increases.
By J. N. Schierl | Jul 16, 2024
Have you ever watched the Olympics on TV and thought to yourself, “I’d love to see the Games in person one day”? You’re not alone. For many people, attending the Olympics is a bucket-list item. Nowadays, more travelers, especially young people, are willing to go the extra mile for a live event. If you’re ready to stop dreaming about it and start making it happen, consider these tips from AAA.
By Business Daily | Jul 15, 2024
PwC has released a report titled "Sizing the prize: What’s the real value of AI for your business and how can you capitalise?" It highlights how artificial intelligence (AI) will enhance and augment what enterprises do.
By Business Daily | Jul 15, 2024
NEW YORK, July 15, 2024 – The Goldman Sachs Group, Inc. (NYSE: GS) reported net revenues of $12.73 billion and net earnings of $3.04 billion for the second quarter ended June 30, 2024. Diluted earnings per common share (EPS) were $8.62, and the annualized return on average common shareholders’ equity (ROE) was 10.9% for the second quarter of 2024.
By Business Daily | Jul 15, 2024
Research from the Anti-Defamation League (ADL) Center for Technology and Society (CTS) reveals that some Facebook groups in local communities have turned into toxic platforms for harassment. The most vulnerable on these platforms include Jews, women, LGBTQ+ advocates, immigrants, and people of color.
By Business Daily | Jul 15, 2024
The U.S. Small Business Administration (SBA) has announced $3 million in new funding under the Cybersecurity for Small Businesses Pilot Program. The grants will be awarded to state agencies to provide training, counseling, and other tailored cybersecurity services for startups and emerging entrepreneurs.
By Business Daily | Jul 15, 2024
The Anti-Defamation League (ADL) and JLens have filed a Notice of Exempt Solicitation with the U.S. Securities and Exchange Commission (SEC), urging shareholders to vote in favor of Proposal Eleven in Meta's 2024 proxy statement. The proposal aims to compel Meta to address hate speech and cyberbullying with greater transparency.
By Business Daily | Jul 13, 2024
The U.S. Small Business Administration (SBA) is reminding small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and most private nonprofit organizations in Tennessee that August 2 is the filing deadline for federal working capital loans for losses due to severe storms, straight-line winds, and tornadoes that occurred on August 7, 2023.
By Business Daily | Jul 12, 2024
NEW YORK, July 12, 2024 -- The Goldman Sachs Group, Inc. (NYSE: GS) announced today the declaration of dividends on various series of its non-cumulative preferred stock. These are represented by depositary shares, each representing a 1/1,000th interest in a share of preferred stock, except for the Series P Preferred Stock, the Series Q Preferred Stock, the Series R Preferred Stock, the Series S Preferred Stock, the Series U Preferred Stock, and the Series W Preferred Stock where each depositary share represents a 1/25th interest in a share of preferred stock.
By A. K. Howerter | Jul 11, 2024
ORLANDO, Fla. (July 11, 2024) – AAA has announced the recipients of the Service Providers of Excellence and the Best in Auto Repair awards for 2024. These awards recognize outstanding AAA Service Providers and AAA Approved Auto Repair facilities across the nation. A panel of experts from AAA evaluated over 142 nominations for both awards, considering criteria such as member satisfaction performance targets, service quality, and community contributions.
By Business Daily | Jul 11, 2024
NEW YORK, July 11, 2024 – Favorable first-quarter economic and underwriting results for property/casualty insurance align with projections that the industry will see a small underwriting loss in 2024 and achieve profitability in 2025, according to the latest forecasting report from the Insurance Information Institute (Triple-I) and Milliman.
By L. E. Bushouse | Jul 11, 2024
The national average for a gallon of gas rose three cents to $3.54 from last week, according to recent data. This slight increase occurred despite Hurricane Beryl impacting the Texas coast, a record number of July 4th car travelers, and oil prices remaining above $80 per barrel.
By Business Daily | Jul 10, 2024
Manulife Investment Management (Manulife IM) announced the closing of approximately US$810 million in commitments to Manulife Private Equity Partners II, L.P. (the Fund). This marks the second private equity fund of funds raised by Manulife IM, aimed at providing specialized solutions for investors seeking greater exposure to opportunities in a growing private equity market. The Fund was seeded with an existing portfolio selected in partnership with AlpInvest, a subsidiary of global investment firm Carlyle (NASDAQ: CG), consisting of private equity fund interests and...
By M. N. Tirado | Jul 10, 2024
State Farm has mobilized its catastrophe claims workforce in response to Hurricane Beryl, which made landfall as a Category 1 hurricane near Matagorda, Texas early Monday morning with sustained winds of 80 mph. The company’s initial efforts are focused on assisting residents in the impacted areas.
By Business Daily | Jul 10, 2024
Tokyo, Japan – July 10, 2024 – Global investment firm Carlyle (NASDAQ: CG) today announced the completion of its tender offer to acquire shares in KFC Holdings Japan (“KFC Japan”). As a result of this transaction, the subsequent squeeze-out process, and the share repurchase from Mitsubishi Corporation, Carlyle will privatize KFC Japan and own 100% of the company by late September 2024.