News from 2024
By Business Daily | May 7, 2024
NEW YORK, May 7, 2024 — The Goldman Sachs Group, Inc. (NYSE: GS) today announced that Rob Kaplan will rejoin the firm as Vice Chairman of Goldman Sachs and a member of the Management Committee. He will be a member of the Executive Office and will be based in Dallas.In this role, Rob will engage our clients around the world, working closely with our teams across Global Banking & Markets and Asset & Wealth Management to offer strategic advice. Rob will also draw on his experience in the public and private sectors to offer perspectives to our clients and other stakeholders...
By Business Daily | May 7, 2024
Global investment firm Carlyle (NASDAQ: CG) has invested $180 million in Zippy Shell, providing transitional capital to the US moving and storage company. The investment, in the form of preferred equity, aims to refinance existing debt and fund strategic growth initiatives, including network and fleet expansion and real estate acquisitions. This move is supported by a new first lien debt facility led by JP Morgan.
By Business Daily | May 6, 2024
Progressive Insurance® and Hello Alice have teamed up to launch a new grant program aimed at supporting small business owners across the United States. The Driving Small Business Forward grant program will award 20 recipients with a $50,000 grant each to be used towards the purchase of a commercial vehicle for their business.Karen Bailo, Commercial Lines President at Progressive Insurance, expressed the company's commitment to empowering small business owners through this initiative, stating, "As a purpose-led company, Progressive is committed to empowering small business...
By Business Daily | May 6, 2024
Morgan Stanley Private Credit (“MSPC”) and Prudential Private Capital have jointly led a growth capital investment into Guardian Dentistry Partners (“GDP”), a dental partnership network that aims to provide support services and growth opportunities for its dentist partners. Ashwin Krishnan, Managing Director and Co-Head of North America Private Credit at Morgan Stanley Private Credit, stated, “Working with ownership and management, we were able to deliver a structured solution combining both debt and equity securities, helping Guardian achieve its near-term financial and...
By Business Daily | May 6, 2024
Nationwide’s Term Life website has once again secured top honors for the best customer experience, receiving recognition from DALBAR for the fourth consecutive year. The website was also one of only two companies to earn the prestigious DALBAR Communications Seal of Excellence designation.Holly Snyder, president of Nationwide’s Life Insurance business, expressed the company's dedication to customer satisfaction, stating, "We strive to deliver an extraordinary customer experience and we’re excited to earn DALBAR’s “excellent” designation for four years in a row. This shows...
By Business Daily | May 6, 2024
Chicago, IL – May 5, 2024 – GE HealthCare unveiled SIGNA MAGNUS, a high-performance head-only MR scanner designed to advance the field of neuroscience. The system aims to overcome the limitations faced by conventional whole-body MR systems in exploring complex imaging procedures in neurology, oncology, and psychiatry.The SIGNA MAGNUS system is positioned to revolutionize MR research in the realms of neurology, oncology, and psychiatry. It represents a significant leap forward in the study of psychiatric diseases and neurological disorders such as Alzheimer’s, areas that...
By Business Daily | May 6, 2024
On May 4, 2024, Amazon shoppers looking to keep their gift purchases a secret now have solutions at their fingertips to hide their orders from prying eyes within the household.One effective method highlighted by an unknown source is setting up an Amazon Household account, which is free and ensures that all adults' order histories remain private. The feature allows users to share various benefits with others in the household, such as free Prime delivery, Prime Video streaming access, Amazon photos, and album sharing. It also provides early access to Lightning Deals.For...
By Business Daily | May 3, 2024
Samsung has introduced a new Interactive Display as part of Teacher Appreciation Week, aiming to enhance classroom experiences and express gratitude towards educators. The WAD Interactive Display, certified by Google Enterprise Devices Licensing Agreement (EDLA), offers a seamless integration of popular Google services like Google Classroom and Drive. David Phelps, Head of the Display Division at Samsung Electronics America, emphasized the importance of supporting educators, stating, "My wife teaches fourth grade, and I have seen first-hand how hard our educators work to...
By Business Daily | May 3, 2024
Reid from New York shared the story of his cat Giles, who had a mishap under a sofa bed, saying, “Something has happened, and we're really sorry, but [Giles] got trapped under the couch.” Fortunately, Giles received the necessary care and Reid mentioned, “He did need some stitches … but he was the model patient.”Kaitlyn, who is a colleague of Reid, mentioned that their workplace offered Nationwide pet insurance as a voluntary benefit. This decision was made after a costly visit to the vet, and Kaitlyn stated, “Their Nationwide pet insurance plan covered Giles’s sofa bed...
By A. A. Sanchez | May 3, 2024
Employers seeking to attract and retain talent are increasingly offering benefits such as remote work, paid leave, matching 401(k), dental coverage, and now, pet insurance. This particular benefit has gained popularity among potential employees, prompting employers to seek robust and reliable pet insurance providers for partnerships.
By Business Daily | May 3, 2024
ST. JOHNS, Fla., May 3, 2024 – The Insurance Information Institute (Triple-I) is urging individuals in hurricane-prone areas to prepare for what is anticipated to be a busy 2024 Atlantic hurricane season. The season, projected to be "very active," is expected to bring significant challenges, as highlighted by Triple-I CEO Sean Kevelighan during National Hurricane Preparedness Week.Kevelighan emphasized the importance of financial protection and property resilience, stating, "During National Hurricane Preparedness Week, everyone who lives in a hurricane-prone community...
By Business Daily | May 2, 2024
WASHINGTON, D.C. (May 2, 2024)—The national average for a gallon of gas waffled up and down over the past week before settling higher by two cents at $3.67. The slight increase in pump prices happened despite a lull in domestic gasoline demand and falling oil prices.According to Andrew Gross, a spokesperson for AAA, "From a demand perspective, we have entered the pre-Memorial Day funk." Gross also noted, "And the cost of a barrel of oil is nearly $10 less than two weeks ago, as oil prices have fallen into the upper $70s. This may keep pump prices somewhat flat for the...
By Business Daily | May 2, 2024
Google has announced significant updates to its account security measures on the occasion of World Password Day. Passkeys, a new form of authentication technology, have been making waves since their launch in 2022. The company proudly revealed that passkeys have already been used over 1 billion times across more than 400 million Google Accounts.Passkeys have been praised for their simplicity and security features, as highlighted by Google: "Passkeys are easy to use and phishing resistant, only relying on a fingerprint, face scan or a pin making them 50% faster than...
By Business Daily | May 2, 2024
Amazon Day Delivery, a feature that allows Prime members to select the day of the week for their deliveries, is gaining popularity for its convenience and eco-friendly approach. With this option, customers can have more control over their delivery schedules and reduce packaging waste. According to a statement by Amazon, "The Amazon Day delivery option lets you pick the day of the week that you receive your orders, putting you in control of your delivery schedule while receiving fewer boxes on average."Prime membership not only offers fast and free delivery but also...
By Business Daily | May 2, 2024
In 2023, mortgage loans held by US life insurers reached record levels in terms of aggregate dollar value and as a percentage of invested assets. This surge occurred despite indications of weakening asset quality in their exposure to commercial real estate.
By Business Daily | May 2, 2024
Amazon Pet Day is back for a third year, offering 48 hours of deals on May 7 and 8, celebrating all the special pets in our lives. According to the article provided, shoppers will discover incredible deals across pet essentials, electronics, toys, apparel, and more. The event coincides with National Pet Month, making it the perfect time to stock up on treats or find a new favorite item for our furry companions.The article highlights various deals available on Amazon Pet Day, including discounts on treats, food, pet care products, home and travel essentials, electronics,...
By E. F. Cullerton | May 2, 2024
In 2023, over 56,000 wildfires ravaged 2.6 million acres, leading to the destruction of more than 4,300 residential and commercial structures across the United States. This data was provided by the National Interagency Fire Center. Wildfires, which can occur anywhere from Hawaii to Florida and up to New England, are unpredictable phenomena. The most effective strategy for safeguarding against wildfire-related losses is to prepare in advance for such unexpected events.
By L. E. Bushouse | May 2, 2024
Sherman "Tiger" Joyce, president of the American Tort Reform Association (ATRA), expressed concern over the "significant campaign contributions" from law firms to New Jersey legislators. He suggested that these donations could potentially influence policy in the state. Joyce's comments were part of a press release issued on March 21.
By Business Daily | May 2, 2024
Amazon and Crye Precision have recently joined forces to file a joint lawsuit against counterfeiters attempting to sell fake products on the Amazon platform. Crye Precision, a company specializing in high-quality military and police uniforms and equipment, commended Amazon for their dedication to eradicating counterfeit products and protecting intellectual property. Jonathan Antone, general counsel and chief of staff for Crye Precision, praised Amazon's Counterfeit Crimes Unit (CCU) for leading the charge in the fight against counterfeiters, allowing Crye Precision to focus...
By Donna Rolando | May 1, 2024
While the road of life offers no clear detour around high auto insurance rates, a Nevada ballot proposal hopes to put residents behind the wheel of reform by targeting exorbitant attorney fees.