Business Daily Reports News
By Business Daily | Jun 25, 2024
Investment funds managed by Morgan Stanley Energy Partners announced the closing of the sale of Durango Permian LLC to a subsidiary of Kinetik Holdings Inc. The consideration for the sale includes a combination of cash and equity, along with contingent consideration payable upon the successful commissioning of Durango Permian’s Kings Landing Gas Gathering and Processing Development.
By R. B. Pepalis | Jun 25, 2024
In 2023, the United States experienced a total of 242 million lightning flashes, as reported by the 2023 Annual Lightning Report by Vaisala Xweather. State Farm paid out nearly $230 million for over 18,000 lightning-related claims in the same year, averaging just over $18,000 per claim.
By Business Daily | Jun 24, 2024
NEW YORK, June 24, 2024 — The Board of Directors of The Goldman Sachs Group, Inc. (NYSE: GS) announced the appointment of John B. Hess as an independent director of the Board, effective June 24, 2024. Mr. Hess will also become a member of each of the Board’s Compensation, Governance and Risk Committees.
By A. D. Bamburg | Jun 24, 2024
Grand Velas Boutique Hotel Los Cabos in San Jose del Cabo, Mexico, has been awarded the prestigious AAA Five Diamond Designation. This adults-only, all-inclusive resort features views of the Sea of Cortez, 79 suites, a private beach, and an infinity pool. According to AAA, Five Diamond hotels provide luxurious amenities and impeccable service for a unique experience.
By Business Daily | Jun 24, 2024
Global, 24 June 2024 - Apex Group Ltd. (“Apex”) has announced that global investment firm Carlyle’s Global Credit business (“Carlyle”) and Goldman Sachs Private Credit (“Goldman Sachs”) have jointly committed in excess of $1.1 billion into the global financial services provider. This commitment supports Apex’s sustainable growth strategy, following the successful integration of several previous acquisitions, continued strong organic growth, and technological innovations.
By K. R. Nelson | Jun 24, 2024
State Farm has expressed concern for those affected by the South Fork and Salt fires in central New Mexico. The company extends its support to all individuals and communities impacted, including firefighters, first responders, and volunteers working to contain the fires.
By Business Daily | Jun 24, 2024
London, UK – 24 June, 2024 – Global investment firm Carlyle (NASDAQ: CG) announced the launch of a new evergreen private equity strategy, Carlyle AlpInvest Private Markets SICAV ("CAPM SICAV" or the "Fund"). This initiative offers investors worldwide, excluding the US, access to a global portfolio of private markets investments through Carlyle's Global Investment Solutions business, AlpInvest.
By K. R. Nelson | Jun 21, 2024
Maura Freiwald, head of casualty at Munich Reinsurance America (Munich Re U.S.), stated in a March 4 press release that many survey respondents were unaware of the practice of third-party litigation funding (TPLF) and its impact on higher insurance costs.
By R. B. Pepalis | Jun 21, 2024
Paula Twidale, the current Senior Vice President of AAA Travel, will retire at the end of December 2024, concluding a notable 40-year career in the travel industry. Twidale's career began in the airline sector at Boston’s Logan International Airport before she transitioned to tour and leisure travel. She has achieved several milestones, including serving as the first woman board chair of the United States Tour Operators Association and being nominated five times by Travel Agent Magazine as one of the most powerful women in travel.
By A. D. Bamburg | Jun 20, 2024
WASHINGTON, DC (June 20, 2024) – AAA projects that 70.9 million travelers will journey 50 miles or more from home over the Independence Day holiday travel period. For the first time, AAA analyzed the entire July 4th week, including the Saturday before and the Sunday after the holiday. This year’s projected number of travelers for that time period represents a 5% increase compared to 2023 and an 8% increase over 2019.
By Business Daily | Jun 20, 2024
Global investment firm Carlyle (NASDAQ: CG) announced today that it has agreed to acquire a portfolio of gas-weighted exploration and production (E&P) assets in Italy, Egypt, and Croatia from Energean plc, a London-based company focused on developing resources in the Mediterranean. The transaction is subject to customary regulatory approvals.
By Business Daily | Jun 20, 2024
The U.S. Small Business Administration (SBA) announced over $1 million in new funding to provide critical training and counseling to aspiring and existing veteran small business owners through the Veterans Business Outreach Center (VBOC) program.
By Business Daily | Jun 19, 2024
Jaclyn Cooper, Clinical Director at Babylon Dental Care, stated that the "comfort menu" helps the team create an experience that exceeds patients' expectations.
By Business Daily reports | Jun 18, 2024
Peter Cunningham is a longtime communications leader in Chicago currently working with Chicago CRED (Creating Real Economic Destiny), an organization dedicated to reducing gun violence and creating economic opportunities for at-risk youth in Chicago.
By Business Daily reports | Jun 18, 2024
Mary MacDonald, a full-time executive search recruiter for financial services practice Heidrick & Struggles began using the Enclave Coworking Glen Ellyn location as an alternative workspace to her home office after she started working remotely during the COVID-19 pandemic.
By Business Daily | Jun 18, 2024
Carlyle Aviation Partners has announced the closure of its fifteenth aircraft portfolio transaction, AASET 2024-1 Trust. The trust issued $428 million in Secured Notes to purchase a portfolio of twelve aircraft, comprising ten narrowbody and two widebody models. This marks the first commercial aircraft asset-backed securitization (ABS) issuance in two years.
By Business Daily | Jun 17, 2024
With a shared vision and commitment to women’s soccer and the greater Seattle community, Sounders FC Owners and Carlyle have united to usher in a new era for Reign FC. Maya Mendoza-Exstrom has been appointed Chief Business Officer at Reign FC, leading a women-led leadership team after a decade with Sounders FC.
By Business Daily | Jun 17, 2024
Morgan Stanley Investment Management (MSIM) has announced the completion of converting a fixed income mutual fund into an exchange-traded fund (ETF). This development follows the conversion of two fixed income mutual funds to ETFs in March 2024, expanding MSIM's offering to eight active fixed income ETFs.
By Business Daily | Jun 14, 2024
The U.S. Small Business Administration (SBA), in collaboration with Women Impacting Public Policy (WIPP) and American Express (AMEX), will cohost ChallengeHER events in Detroit on June 17 and in Colorado Springs on August 22. The initiative aims to provide government contracting education for women entrepreneurs.
By A. K. Howerter | Jun 13, 2024
WASHINGTON, D.C. (June 13, 2024)—Another week has seen a continued decline in gas prices as the national average for a gallon of gasoline dipped by two cents since last Thursday to $3.46. The primary reasons for this decline are low gasoline demand and increasing supply.