News from June 2024
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.
By Business Daily | Jun 12, 2024
WASHINGTON – 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, released a statement in response to President Biden’s announcement that more than 18 million new business applications have been filed under the Biden-Harris administration.
By Business Daily | Jun 12, 2024
WASHINGTON – Today, 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, released a statement in response to President Biden’s announcement that more than 18 million new business applications have been filed under the Biden-Harris administration.
By Business Daily | Jun 12, 2024
Global investment firm Carlyle (NASDAQ: CG) has announced changes in its leadership within Americas Corporate Private Equity, effective immediately.
By Business Daily | Jun 12, 2024
On Thursday, June 13, 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, will travel to Chicago, Illinois. The visit is set to coincide with the Opportunity Finance Network’s (OFN) Small Business Finance Forum and Pride Month celebrations while also marking the start of the SBA’s Small Business Boom tour.
By Business Daily | Jun 11, 2024
WASHINGTON – Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA), announced four funding opportunities for Women’s Business Centers (WBCs) totaling $30 million. This initiative includes support for the expansion of the WBC network, the establishment of a WBC in the U.S. Virgin Islands, and specialized funding for WBCs focusing on federal contracting and child care businesses.
By E. F. Cullerton | Jun 10, 2024
State Farm's 2023 Impact Report details the company's ongoing commitment to community development and environmental stewardship. The report highlights various initiatives aimed at fostering safer, more thriving communities through diverse programs.
By Business Daily | Jun 10, 2024
The Insurance Information Institute (Triple-I) has reported improvements in personal auto profitability, although these gains may take time to impact premium rates. According to Triple-I's newly published Issues Brief, "Trends and Insights: Personal Auto Insurance Rates," the 2023 net combined ratio for auto insurers was 104.9, a 7.3-point improvement over 2022. Additionally, the net written premium growth for 2023 reached 14.3%, the highest in over 15 years and six points higher than the next-highest during that period.
By E. F. Cullerton | Jun 10, 2024
Research and consulting firm Sedgwick released a report on May 31, which found that attorneys use a tactic called anchoring to win large verdicts. These verdicts are contributing to social inflation, which refers to insurance costs increasing faster than overall economic inflation.
By Business Daily | Jun 9, 2024
Global investment firm Carlyle (NASDAQ: CG) has announced the appointment of Yoshinori Komiya as Senior Advisor to its Japan advisory team. Mr. Komiya will assist in identifying and assessing new investment opportunities and contribute to value creation within Carlyle’s existing portfolio.
By Business Daily | Jun 7, 2024
Rob Zvonar, the football coach for Lincoln-Way East high school, was honored at a community event hosted by Frankfort Gardens, the senior living development proposed by LFI Real Estate, which over 400 community members attended to help celebrate his career.