Business Daily Reports News
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.
By Business Daily | Jul 8, 2024
The Carlyle Group Inc. (NASDAQ: CG) announced it will release its financial results for the second quarter of 2024 on Monday, August 5, 2024. A conference call to discuss these results is scheduled for 8:30 a.m. EDT and will be accessible via public webcast from the Events & Presentations section of ir.carlyle.com. A replay of the call will also be available post-completion.
By Business Daily | Jul 6, 2024
HOUSTON, July 6, 2024 — Texans should be alert for the potential impacts of Tropical Storm Beryl, which is forecast to intensify back to hurricane strength before making landfall along the Texas Gulf Coast on Monday, July 8, according to the Insurance Information Institute (Triple-I). It would be the first U.S. landfall of the 2024 Atlantic hurricane season.
By Business Daily | Jul 5, 2024
FARGO, N.D. – On Tuesday, July 2, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 33 million small businesses, traveled to Fargo, North Dakota, for the next stop on her nationwide Small Business Boom tour.
By Business Daily | Jul 5, 2024
NEW ORLEANS – On Friday, July 5, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 33 million small businesses, traveled to New Orleans to participate in the Essence Festival of Culture and meet with 2024 National Small Business Person of the Year and Louisiana native, Iam C. Tucker.
By Business Daily | Jul 2, 2024
Michelle Sands, Sleep Apnea Director of Silent Night Therapy, stated that sleep apnea can lead to fertility issues if not detected and treated correctly. Sands shared her statement with Business Daily on May 15.
By K. R. Nelson | Jul 2, 2024
State Farm and the University of Texas at Dallas (UTD) have collaborated to prepare students for the workforce. This partnership aims to equip students with the necessary skills and knowledge for their future careers.
By Business Daily | Jul 1, 2024
E*TRADE from Morgan Stanley released data from its monthly sector rotation study, which analyzes E*TRADE customer notional net percentage buy/sell behavior for stocks within the S&P 500 sectors.
By Business Daily | Jun 28, 2024
Goldman Sachs ETF Accelerator announces first fund launched in EMEA through the platform
By Business Daily | Jun 28, 2024
NEW YORK, NY, June 28, 2024 – On Wednesday, June 26, the Federal Reserve notified The Goldman Sachs Group, Inc. (NYSE: GS) of a Stress Capital Buffer (SCB) of 6.4%, resulting in a Standardized Common Equity Tier 1 (CET1) ratio requirement of 13.9%, effective October 1, 2024.
By Business Daily | Jun 28, 2024
The U.S. Small Business Administration (SBA) announced a new funding solicitation for its Regional Innovation Cluster (RIC) Initiative, marking the first time awards will be made at two funding levels: emerging and mature clusters. The RIC solicitation will open on July 1, 2024, and close on July 26 at 1:00 PM ET.
By Business Daily | Jun 27, 2024
Ace Hardware has announced a 100th Anniversary Block Party across the country on Saturday, June 29, to celebrate the organization's centennial milestone.
By Business Daily | Jun 27, 2024
Peter Cunningham, a consultant at Chicago CRED, stated that the Sue Ling Gin Foundation's support has helped the organization advance its mission of reducing gun violence and creating economic opportunities for at-risk youth in Chicago. Cunningham shared his statement with Business Daily during a June 18 interview.
By R. B. Pepalis | Jun 27, 2024
The national average for gasoline has risen by five cents over the past week, reaching $3.50 per gallon, according to recent data. This increase follows a period of nearly three weeks without significant changes in prices and coincides with oil prices surpassing $80 per barrel. The cost of oil, which constitutes approximately 54% of gasoline prices, plays a crucial role in determining pump costs.
By A. I. Benavidez | Jun 27, 2024
A March 19 report from the American Tort Reform Association (ATRA) found that the personal injury law firm Morgan & Morgan spent $14,758,223 on legal services advertisements in California last year.
By Business Daily | Jun 26, 2024
Flying Food Group was honored with the North American Airline Caterer of the Year award at the 2024 PAX Readership Awards.
By Business Daily | Jun 26, 2024
Researchers at the Insurance Information Institute (Triple-I) have determined that home insurance premiums in Florida rose at a much lower rate than originally projected in 2022 and 2023. The significant differences in premium averages reflect the impact of legislative legal system abuse reforms as well as lower levels of inflation in replacement costs. Both factors were not anticipated at the time Triple-I’s estimates were made.
By Business Daily | Jun 26, 2024
Morgan Stanley Wealth Management (MSWM) announced today a significant addition to its AI @ Morgan Stanley suite of GenAI tools for Financial Advisors (FAs). The new tool, AI @ Morgan Stanley Debrief, powered by OpenAI, generates notes during client meetings and identifies action items with client consent. Post-meeting, it summarizes key points, drafts an email for the Advisor to edit and send, and saves a note into Salesforce.