News published on Business Daily in July 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.

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...

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.

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.

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.

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.

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.

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.

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.

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.

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.