Business Daily News
By Business Daily | Feb 29, 2024
WASHINGTON, DC (February 29, 2024) – Drivers saw gas prices creep up the final week of February. The national average for a gallon of gas is $3.31 on this leap day, 4 cents higher than it was one week ago. The upward trend is likely to continue as travelers start heading out of town for Spring Break."We’re entering Spring Break season, and historically, March and April bring higher gas prices as demand rises," said Aixa Diaz, AAA spokesperson. "With milder temperatures come more road trips, and this time of year tends to be a precursor to the summer driving season."For...
By Business Daily | Feb 28, 2024
The University Federal Credit Union (UFCU) has announced its fourth consecutive recognition as the "Best Place for Working Parents" by Early Matters Greater Austin (EMGA). The evaluation by EMGA was based on UFCU's adherence to 10 family-oriented policies and initiatives, which include healthcare coverage, paid leave, flexible work arrangements, and childcare support.
By Business Daily | Feb 28, 2024
Eric Stevenson, President of Nationwide Retirement Solutions, addressed the Senate HELP Committee on Feb. 28, emphasizing the challenges faced by American retirement savers. Stevenson advocated for the adoption of Protected Retirement solutions, stating that they will mark a new era for American retirement saving.Stevenson pointed out the urgency of the situation, stating, "In a year when more Americans will turn 65 than at any point in history," many retirees are facing uncertainties in their financial future. He highlighted a Nationwide Retirement Institute survey which...
By Business Daily | Feb 27, 2024
The Insurance Information Institute (Triple-I) has raised concerns about the impact of excessive litigation on rising auto insurance costs. According to a recent issues brief released by Triple-I, the rise in dangerous roads and driving conditions, coupled with economic costs, is being compounded by overzealous billboard attorneys. Sean Kevelighan, CEO of Triple-I, emphasized the need to address legal system abuse, stating, "The price of insurance is the effect, not the cause of risk, and there must be more work done to curb legal system abuse."Plaintiff attorneys are...
By Business Daily | Feb 27, 2024
Durango Casino & Resort in Las Vegas, Nevada, Planet Hollywood Cancun in Cancun, Quintana Roo, Hotel and Spa Mansion Solis in Morelia, Michoacan, and Manta in Cabo San Lucas, Baja California Sur have been recognized by AAA as Four Diamond properties. According to AAA, these properties offer upscale amenities, remarkable service, and outstanding dining options.Diamond Inspectors from AAA conduct unannounced, independent, in-person property inspections to ensure quality and consistency in the hospitality industry. AAA's commitment to quality is reflected in the 4 Cs of AAA...
By Business Daily | Feb 27, 2024
Adroit General Agency and Nationwide have announced a new partnership aimed at providing workers’ compensation insurance and services to mid-sized employers operating in high-risk industries. This collaboration comes as Nationwide seeks to expand its presence in the workers’ compensation market by partnering with managing general agencies (MGAs) that specialize in niche segments.Adroit, established in 2021, focuses on offering workers’ compensation solutions to businesses in sectors such as construction, energy, recycling, alternative energy, agriculture, and...
By Business Daily | Feb 26, 2024
BMO Financial Group has announced an extended partnership with the Los Angeles Football Club (LAFC), becoming the "Official Jersey Sponsor" for the club's primary and secondary jerseys in 2024. To mark this development, LAFC hosted a special event to unveil their 2024 jerseys.
By Business Daily | Feb 26, 2024
AAA Travel's Senior Vice President, Paula Twidale, stated, "Orlando is the top choice for Spring Break travelers, while Fort Lauderdale and Miami are the two most popular domestic cruise ports." She emphasized that many travelers are seeking warm weather, pools, beaches, and outdoor adventures during this time of year, making Florida an ideal destination. Additionally, Twidale noted the significant increase in cruise bookings for March and April, with a 28% overall increase and a 60% increase for cruises departing from South Florida.According to AAA Travel data,...
By Business Daily | Feb 23, 2024
The Allstate Corporation has recently announced an increase in its quarterly dividends, as reported on February 23, 2024. The board of directors approved a quarterly dividend of $0.92 per share on February 22, 2024, marking a $0.03 increase, or 3.4%, compared to the previous quarter."Allstate’s increase in common dividend per share reflects our ongoing commitment to reward our shareholders, and shows Allstate’s continued financial strength," stated Jess Merten, Allstate’s Chief Financial Officer.The company declared a quarterly dividend of $0.92 on each outstanding...
By Business Daily | Feb 23, 2024
AAA Trip Canvas, AAA Travel’s digital travel planning tool, has introduced a new campgrounds category in partnership with RoverPass, a leading platform in booking campgrounds and RV parks. The collaboration aims to enhance the camping and RV travel experience for users by providing detailed information about camping destinations and amenities.“AAA Trip Canvas was designed with our members in mind, and we’re thrilled to now offer camping destinations,” said Paula Twidale, Senior Vice President of AAA Travel.The integration with RoverPass allows Trip Canvas users to...
By Business Daily | Feb 22, 2024
Thoma Bravo has declared a definitive agreement to acquire Everbridge in an all-cash transaction valued at approximately $1.5 billion. Under this agreement, Everbridge shareholders will receive $28.60 per share in cash.
By Business Daily | Feb 22, 2024
ORLANDO, Fla., (Feb. 22, 2024) – AAA has announced the appointment of Gene Boehm as the President and CEO Designate for AAA, Inc., effective April 1. In his new role, Boehm will be leading the national team that supports the federation of AAA clubs and its over 57 million members in the United States."I am honored that the AAA Board and selection committee have entrusted me with the incredible responsibility of leading the gold standard of brands," said Boehm. "Marshall leaves an impressive legacy for his dedication to AAA’s mission serving members, and I am committed to...
By Business Daily | Feb 21, 2024
Pittsburgh Steelers defensive lineman Cam Heyward has recently been named the 2023 Walter Payton NFL Man of the Year presented by Nationwide. In an interview, Heyward shared insights into his charitable work, particularly with The Heyward House. Heyward expressed his gratitude for the recognition, stating, "We caught up with the 13-year NFL veteran to discuss his work with The Heyward House."During the award ceremony, Heyward had a memorable encounter with another esteemed figure from the Pittsburgh Steelers franchise. The article mentions that Heyward was able to share a...
By Business Daily | Feb 20, 2024
The National Federation of Independent Business (NFIB), a small business association, has praised Georgia Governor Brian Kemp for his dedication to addressing lawsuit abuse. Small businesses are disproportionately affected by escalating commercial tort costs.
By Business Daily | Feb 20, 2024
Samsung Austin Semiconductor has recently disclosed the substantial influence their operations have had on Central Texas throughout 2023. The report underscores an infusion of $26.8 billion into the region, nearly a twofold increase from their economic impact in 2022.
By Business Daily | Feb 20, 2024
IBM and Wipro have decided to broaden their collaboration, aiming to provide enhanced support to clients by offering innovative AI services. The companies plan to set up a centralized technology hub that will aid their clients in mastering AI.
By Business Daily | Feb 16, 2024
Air France has unveiled new menus for its La Premiere and business class cabins, crafted by the esteemed French chef Dominique Crenn, who holds three Michelin stars. These meals will be offered on flights to six different U.S. destinations, catered by the Flying Food Group (FFG).
By Business Daily | Feb 15, 2024
The Information Technology Industry Council (ITIC) has confirmed its membership in the newly formed U.S. AI Safety Institute Consortium. The Consortium is a pioneering collective dedicated to fostering the development of artificial intelligence (AI) in a secure and responsible manner.
By Business Daily | Feb 15, 2024
Robert Bork Jr., president of the Antitrust Education Project, stated that the National Collegiate Athletics Association’s (NCAA) attempts to impose restrictions and penalties on the ability of student athletes to compete and earn are "unfair." The NCAA is currently grappling with legal challenges in the form of two multi-state lawsuits over their policies related to student athlete’s name, image, and likeness (NIL).
By Business Daily | Feb 15, 2024
Gas prices in the United States have experienced a sudden surge, with the national average for pump prices increasing by 12 cents in just one week. This rise comes after months of relatively stable prices, prompting concerns among consumers. One of the primary factors contributing to this sudden increase is the shutdown of the BP-Whiting refinery in Indiana. The refinery, which processes 435,000 barrels of crude oil per day, has been offline for over two weeks due to a power outage. As a result, prices in the Midwest region have skyrocketed, subsequently pushing the...