News from May 2024
By Business Daily | May 31, 2024
Carlyle to Present at Morgan Stanley’s US Financials, Payments and CRE Conference
By Business Daily | May 31, 2024
On Friday, May 31, 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, concluded Asian American and Native Hawaiian/Pacific Islander (AANHPI) Heritage Month with visits to two AANHPI-owned small businesses in Washington, D.C. The visits aimed to highlight how the President’s Investing in America economic agenda is uplifting AANHPI entrepreneurs.
By Business Daily | May 31, 2024
Morgan Stanley announced the winners of its 15th annual Strategy Challenge, a pro bono program designed to assist nonprofits in addressing strategic issues. This year's winners supported Protect All Children from Trafficking (PACT) in the U.S. and Anthony Nolan in the UK.
By Business Daily | May 30, 2024
Enclave Coworking has announced free coworking days available for locals at their Barrington location this summer.
By E. F. Cullerton | May 30, 2024
WASHINGTON, D.C. (May 30, 2024)—The national average for a gallon of gasoline has decreased by five cents since last week to $3.56, marking the largest one-week drop so far in 2024. The primary factors are reduced demand and lower oil prices.
By Business Daily | May 30, 2024
Morgan Stanley at Work today released the results from its fourth annual State of the Workplace Financial Benefits Study, revealing that equity compensation is increasingly popular among employees and HR leaders at both public and private companies. The study indicates that employers view equity as a crucial factor for employee engagement and retention, though there are opportunities to enhance employees' understanding of the financial benefits available through equity ownership.
By Business Daily | May 30, 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, announced that the agency has removed its 504 Loan Program’s cap on lending for clean energy projects as part of broader SBA and Biden-Harris Administration efforts to usher in the nation’s clean energy future.
By A. K. Howerter | May 30, 2024
Allstate declared approximately $29.3 million in aggregate dividends on three series of preferred stock for the dividend period from April 15, 2024, through July 14, 2024. All the preferred dividends are payable in cash on July 15, 2024, to stockholders of record at the close of business on June 28, 2024.
By Business Daily | May 29, 2024
On May 29, 2024, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and a member of President Biden’s Cabinet representing America's more than 33 million small businesses, visited New York City. Accompanied by Congresswoman Grace Meng, Guzman aimed to highlight how the Biden-Harris Administration’s economic agenda is fostering entrepreneurship among diverse communities.
By Business Daily | May 29, 2024
Morgan Stanley (NYSE: MS) announced today that it has topped Institutional Investor magazine’s All-Asia Research Team annual rankings once again. This achievement marks a new record for the industry, as Morgan Stanley becomes the first bank to maintain the lead position for 10 consecutive years in the Asia survey’s more than 30-year history.
By A. K. Howerter | May 28, 2024
State Farm recently hosted a networking event for Illinois State University students aimed at fostering professional growth. The event provided an opportunity for students to connect with industry professionals and gain insights into their future careers.
By A. A. Sanchez | May 28, 2024
WASHINGTON, DC (May 28, 2024) – Seven hotels and two restaurants have been newly added to AAA’s Four Diamonds list. Each year, AAA Inspectors visit hotels and restaurants across North America, the Caribbean, and Costa Rica to evaluate them based on the 4 Cs of AAA Diamonds: Cleanliness, Comfort, Cuisine, and Consistency.
By Business Daily | May 28, 2024
Goldman Sachs has moved to a new office space in the World Trade Centre (WTC), Amsterdam, expanding its presence in the city to accommodate a growing footprint across its Global Banking & Markets and Asset & Wealth Management businesses.
By A. D. Bamburg | May 26, 2024
Zeke Weston, the policy coordinator for New Jersey Future, voiced his concerns over a proposed bill requiring low-speed e-bikes to be registered and insured. In a statement issued on May 22, he said that this legislation would increase the cost of using these bikes, thereby discouraging their use and impeding New Jersey's climate goals.
By Business Daily | May 24, 2024
LeAndrea Ashley, a St. Anne, IL resident, was recently promoted to Area Manager at the Amazon Monee Fulfillment Center. Ashley announced the promotion on LinkedIn two weeks ago.
By R. B. Pepalis | May 23, 2024
Ravi Bhalla, the mayor of Hoboken, expressed concerns that the proposed e-bike insurance bill would obstruct New Jersey's efforts to promote sustainable and accessible transportation options like Hoboken's Citi Bike program. The bill in question mandates registration and insurance for e-bikes and e-scooters.
By J. N. Schierl | May 23, 2024
The national average for a gallon of gasoline has experienced a minor fluctuation since last Thursday, settling one cent higher at $3.61. This stability in pump prices is common in the days preceding Memorial Day. However, with AAA forecasting a record 38.4 million drivers on the road for the long weekend, there is potential for a temporary increase in prices.
By L. E. Bushouse | May 23, 2024
Joel Carnes has been named leader of Nationwide Pet, effective immediately. Carnes will report to Juan Jose (JJ) Perez, leader of Nationwide’s Corporate Solutions business. His leadership, entrepreneurial mindset, operational experience, and knowledge of the pet insurance industry qualify him to lead this business line as Nationwide aims to serve more pet families with valuable offerings and services.
By A. D. Bamburg | May 23, 2024
State Farm has mobilized its catastrophe response team to assist residents in Greenfield, Iowa, following a severe tornado. The company has received approximately 750 homeowner claims and about 500 auto claims related to the event.
By A. A. Sanchez | May 23, 2024
Nevada voters will get to decide whether to cap contingency fees on all civil lawsuits at 20%, after a judge dismissed an attempt by the state’s trial lawyers to keep the proposal off the ballot.