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SBA's surety bond program achieves record success in fiscal year 2024

By Business Daily | Nov 5, 2024

The U.S. Small Business Administration (SBA) has reported a significant achievement for its Surety Bond Guarantee (SBG) Program, marking its most successful year in 25 years during fiscal year 2024.
Morgan Stanley opens state-of-the-art office in Mumbai

By Business Daily | Nov 5, 2024

Morgan Stanley has opened a new office in Mumbai, located at Commerz III, International Business Park within Oberoi Garden City in Goregaon.
E*Trade releases new data on S&P 500 sector rotation

By Business Daily | Nov 5, 2024

E*TRADE from Morgan Stanley has published its monthly sector rotation study, which examines the buying and selling behaviors of its customers concerning stocks within the S&P 500 sectors.
Carlyle acquires Japanese PCB manufacturer Kyoden

By Business Daily | Nov 5, 2024

Global investment firm Carlyle has announced the acquisition of Kyoden Co., a prominent Japanese manufacturer of printed circuit boards (PCBs).
SBA announces record certifications; unveils streamlined process for FY25

By Business Daily | Nov 4, 2024

Administrator Isabel Casillas Guzman of the U.S. Small Business Administration (SBA) announced a record number of federal contracting certifications for fiscal year 2024.
Carlyle completes acquisition of Worldpac from Advance Auto Parts

By Business Daily | Nov 4, 2024

Worldpac, Inc. has completed its acquisition by Carlyle, a global investment firm, from Advance Auto Parts, Inc. This strategic move is expected to position Worldpac for growth and innovation.
SBA highlights progress in supporting native small businesses during heritage month

By Business Daily | Nov 4, 2024

Administrator Isabel Casillas Guzman of the U.S. Small Business Administration (SBA) marked the beginning of Native American Heritage Month by emphasizing the significant progress made in supporting Native small business owners nationwide.
SBA announces National Veterans Small Business Week events across U.S

By Business Daily | Nov 1, 2024

Administrator Isabel Casillas Guzman of the U.S. Small Business Administration (SBA) announced the celebration of National Veterans Small Business Week (NVSBW), scheduled for November 11-15.
Morgan Stanley completes equity financing for ATSG-Evolve IP merger

By Business Daily | Oct 31, 2024

Investment funds managed by Morgan Stanley Private Equity Secondaries, through a vehicle managed by RunTide Capital, have completed an equity financing to finalize the merger between ATSG and Evolve IP.
Carlyle finances GIP's acquisition of Lanes Group with £205m loan

By Business Daily | Oct 31, 2024

Global Infrastructure Partners (GIP), part of BlackRock, has acquired Lanes Group with the support of a £205 million financing package from Carlyle's Global Credit platform.
AlpInvest closes largest publicly rated GP-Led CFO at $1 billion

By Business Daily | Oct 29, 2024

AlpInvest, a private equity platform under Carlyle, has announced the closing of its second securitization, a $1 billion Collateralized Fund Obligation (CFO).
Morgan Stanley wins two awards at MMI/Barron's Industry Awards

By Business Daily | Oct 28, 2024

Morgan Stanley has announced its receipt of two awards from the Money Management Institute (MMI) and Barron's for 2024.
Ted Pick appointed as chairman of Morgan Stanley effective January 2025

By Business Daily | Oct 24, 2024

Morgan Stanley has announced that Ted Pick, the current Chief Executive Officer, will assume the role of Chairman starting January 1, 2025. This decision was made by the company's Board of Directors.
Rigaku listed on Tokyo Stock Exchange's Prime Market by Carlyle

By Business Daily | Oct 24, 2024

Global investment firm Carlyle announced the listing of Rigaku Holdings Corporation on the Prime Market of the Tokyo Stock Exchange.
Commercial auto insurance faces ongoing profitability challenges amid rising repair costs

By Business Daily | Oct 24, 2024

The commercial auto insurance sector has faced challenges in achieving underwriting profitability for several years, a situation that predates the recent inflationary pressures affecting property and casualty lines. Despite steady growth in net written premiums, this line of insurance continues to struggle, as reported by the Insurance Information Institute (Triple-I), an affiliate of The Institutes.
CorroHealth announces strategic partnership with Patient Square Capital

By Business Daily | Oct 24, 2024

CorroHealth has announced a strategic partnership with Patient Square Capital, a health care investment firm. The agreement involves Patient Square making a significant investment in CorroHealth, which provides revenue cycle management solutions to health systems and plans. Current shareholders, including Carlyle, TT Capital Partners, Sanaka Group, and CorroHealth management, will remain involved as investors. Patient Square and Carlyle will share joint control of the company.
SBA reports record surge in small business financing under Biden-Harris administration

By Business Daily | Oct 24, 2024

Vice President Kamala Harris and Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA), announced a significant financial boost for small businesses and disaster-impacted communities in Fiscal Year 2024 (FY24).
Niccol nears 100 days as Starbucks CEO, scaled back discounts unpopular with customers

By Business Daily | Oct 23, 2024

Starbucks' new CEO Brian Niccol approaches his first 100 days at the helm, with scrutiny on his initial policies and actions coming at the company’s fourth-quarter earnings call at the end of October.
Triple-I launches campaign against legal system abuse in Georgia

By Business Daily | Oct 23, 2024

The Insurance Information Institute (Triple-I) has initiated a campaign to highlight the effects of legal system abuse on consumers, businesses, and insurers in Georgia. This effort includes an Interstate 20 billboard in Downtown Atlanta and digital billboards throughout Metro Atlanta at bus stops and other urban locations.
Morgan Stanley launches AI-powered research assistant for investment banking

By Business Daily | Oct 23, 2024

Morgan Stanley has introduced AskResearchGPT, a generative AI-based assistant designed to aid its Investment Banking, Sales & Trading, and Research teams. This tool is intended to streamline the process of accessing and summarizing data from Morgan Stanley's extensive research library, which includes over 70,000 proprietary reports published each year.

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