News on Business Daily

Carlyle (NASDAQ: CG) announced today that its Chief Executive Officer, Harvey Schwartz, is scheduled to present at Bernstein’s 40th Annual Strategic Decisions Conference. The event will take place in New York on Thursday, May 30, 2024, at approximately 9:00 AM EDT.

Morgan Stanley declares dividends on preferred stock

Morgan Stanley has announced the declaration of regular dividends on the outstanding shares of various preferred stock issues. The declared dividends are as follows:

Morgan Stanley sells four warehouses near U.S.-Mexico border for $178 million

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.

SBA Administrator Guzman visits Kane, PA as part of Rural America Tour

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.

Google's annual developer conference I/O 2024 starts tomorrow

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.

NRG partners with Samsung to launch first-ever PUBG Mobile team

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.

Allstate Corporation announces $0.92 quarterly dividend per share

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.

SBA roundtable celebrates AANHPI Heritage Month, discusses support for entrepreneurship

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.

US P/C industry sees improved underwriting performance in 2023: Triple-I/Milliman report

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.

Carlyle Global Credit to provide financing for Big Bus Tours expansion

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.

NBA collaborates with GE HealthCare and MedStar Health on health study

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.

Palo Alto Networks introduces Precision AITM to enhance cybersecurity

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.

Five ways to personalize your Amazon Echo Buds experience

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.

Verizon announces preliminary shareholder vote results and other updates

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.

Verizon secures $100M contract with Michigan amidst other achievements