News from 2024
By Business Daily | May 15, 2024
Morgan Stanley Investment Management, via investment funds managed by Morgan Stanley Real Estate Investing (MSREI), announced the sale of a portfolio of four fully leased industrial properties. The properties, two in El Paso and two in Laredo, Texas, were sold for $178 million to two distinct institutional investors. The warehouses, totaling over 1.2 million square feet, are located within 10 miles of the United States’ border with Mexico which is currently experiencing a significant increase in manufacturing.
By Business Daily | May 15, 2024
On Friday, May 17, Administrator Isabel Casillas Guzman of the U.S. Small Business Administration (SBA) and Senator Bob Casey will visit Kane, Pennsylvania. The visit is part of the Biden-Harris Administration's Investing in Rural America Tour. As the head of the SBA and a representative voice for America's over 33 million small businesses in President Biden’s Cabinet, Guzman's tour aims to connect with local small business owners and economic development leaders.
By Business Daily | May 14, 2024
Google's annual developer conference, I/O 2024, is set to commence tomorrow. Those interested in learning about the latest news and updates from the event are encouraged to register for the live stream, which begins on May 14 at 10 a.m. PT. Attendees can also check back for further information regarding the announcements made during the conference.
By Business Daily | May 14, 2024
NRG, a leading gaming and entertainment company, has partnered with Samsung, a global leader in technology, to announce the launch of its first-ever PUBG Mobile team: NRG Galaxy. This move signifies NRG's return to mobile gaming since 2019 and demonstrates the organization's continued growth.
By J. D. Suayan | May 14, 2024
NORTHBROOK, Ill., May 14, 2024 – The Allstate Corporation (NYSE: ALL) announced today that its board of directors has approved a quarterly dividend of $0.92 on each outstanding share of the corporation’s common stock. This dividend will be payable in cash on July 1, 2024, to stockholders of record at the close of business on May 31, 2024.
By Business Daily | May 14, 2024
On Tuesday, May 14, Isabel Casillas Guzman, the SBA Administrator, conducted a roundtable with Asian American, Native Hawaiian, and Pacific Islander (AANHPI) business leaders. The meeting was organized to celebrate AANHPI Heritage Month and to discuss ways in which the Biden-Harris Administration can further support entrepreneurship within the AANHPI community.
By Business Daily | May 14, 2024
The U.S. property/casualty industry experienced its second consecutive year of underwriting losses in 2023, with a net combined ratio of 101.6. Despite an improvement compared to 2022, personal lines remained the primary contributor to unprofitability in 2023. The latest industry underwriting projections by actuaries at the Insurance Information Institute (Triple-I) and Milliman anticipate that premium growth will further enhance underwriting results in 2024, forecasting a net combined ratio of 100.2 for the P/C industry.
By Business Daily | May 14, 2024
Global investment firm Carlyle (NASDAQ: CG) has announced that its Global Credit platform will provide a comprehensive financing package to support the growth of Big Bus Tours, the leading global provider of hop-on hop-off sightseeing bus tours. With over 5 million customers annually, Big Bus Tours is the world's largest operator of open-top sightseeing bus tours with operations across Europe, North America, the Middle East and Asia Pacific.
By Business Daily | May 13, 2024
CHICAGO and WASHINGTON, D.C. — The National Basketball Association (NBA), the National Basketball Players Association (NBPA), and the Next Gen Basketball Players Union (NBGPU) have announced a collaboration with GE HealthCare and MedStar Health to conduct a pioneering research study on musculoskeletal and joint health. This longitudinal pilot study aims to quantify the impact of playing, training, and rest over a professional basketball season.
By Business Daily | May 13, 2024
Artificial Intelligence (AI) is transforming enterprises, driving productivity and fostering broad adoption of generative AI. This trend has seen AI adoption across entire enterprises, with employees finding uses for GenAI in every department. In response to this development, Palo Alto Networks is introducing Precision AITM to help customers combat new threats while leveraging efficient security.
By Business Daily | May 13, 2024
The Amazon Echo Buds (2023) are a versatile tool for those who want to take Alexa on the go. These semi-in-ear devices, designed to deliver rich audio and long-lasting battery life, offer premium features and hands-free access to Alexa for an affordable price of $49.99. They provide the convenience of asking Alexa to cue music, make a call, or set a reminder while on the move. Moreover, Echo Buds come with several features that allow users to personalize their experience and enhance productivity.
By Business Daily | May 13, 2024
Verizon Communications Inc. (NYSE, Nasdaq: VZ) has unveiled the preliminary results of the shareholder vote at its annual meeting. The meeting was conducted in a virtual-only format today. In addition to this, Verizon has completed its sixth green bond offering of $1 billion. The company anticipates that the net proceeds will be entirely allocated toward renewable energy investments.
By Business Daily | May 13, 2024
Verizon Public Sector has secured a $100 million contract with the State of Michigan. This announcement comes alongside several other significant developments for the telecommunications giant.
By A. D. Bamburg | May 13, 2024
AAA anticipates that approximately 43.8 million travelers will journey 50 miles or more from home over the Memorial Day holiday period. This year's total number of travelers marks a 4% increase from last year and is close to matching the record set in 2005 with 44 million Memorial Day travelers.
By A. A. Sanchez | May 13, 2024
The economic uncertainty and inflation of recent years continue to impact investors as they plan for retirement. According to a new survey by Nationwide, most investors' 'magic number,' or the specific savings target they believe necessary for retirement, ranges between $1 million and $2 million. However, the feasibility of this goal is under scrutiny.
By Business Daily | May 10, 2024
A collaboration between Google researchers and Harvard neuroscientists has yielded an unprecedented view into the human brain, utilizing artificial intelligence (AI) to make sense of vast amounts of data. The team combined brain imaging with AI-based image processing and analysis to reconstruct nearly every cell and its connections within a small volume of human brain tissue about half the size of a grain of rice.
By Business Daily | May 10, 2024
Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and representative for America's over 33 million small businesses in President Biden’s Cabinet, announced today a $300,000 funding allocation to three organizations. These funds are intended to deliver the SBA’s Women Veteran Entrepreneurship Training Program (WVETP) to local veterans.
By Business Daily | May 9, 2024
Google DeepMind and Isomorphic Labs have unveiled AlphaFold 3, an AI model that predicts the structure and interactions of various molecules, aiming to revolutionize biological understanding and drug discovery. The model, as described in a paper published in Nature, shows significant improvements in predicting molecular interactions compared to existing methods. AlphaFold 3 extends beyond proteins to a wide range of biomolecules, potentially impacting fields like material development, agriculture, and pharmaceuticals.
By Business Daily | May 9, 2024
There’s been a dramatic leap forward in what’s possible around Precision AI, and security professionals are looking for ways to leverage these advances in meaningful ways. Early instances of copilots within the cybersecurity industry left many practitioners uneasy, as demos and proof of concepts returned erroneous or even offensive responses to standard security-related questions. Relevancy and precision have become the most critical characteristics to the success of GenAI within cybersecurity.
By R. B. Pepalis | May 9, 2024
Steve Dalessandro, a Michigan-based insurance agent, found himself on one of football's biggest stages recently. Dalessandro, who founded Dalessandro Insurance Inc. in 1995, was invited to attend the 2024 NFL Draft weekend in Detroit as a guest of Nationwide, an official sponsor of the National Football League since 2014. As part of that experience, he was offered the chance to announce an official team selection during Round 6.