Lastest from Businesswire

LONDON--(BUSINESS WIRE)--Leading global consultancy Kearney, in partnership with the World Economic Forum, has today published a new report highlighting the rapid evolution of advanced air mobility (AAM) from concept to practical deployment. Expected to redefine transport and enable critical services such as infrastructure inspection, wildfire detection, and emergency response, the AAM market is projected to grow to nearly 80 billion dollars by 2034.1 To ensure that this growth is responsible a

LOS ANGELES--(BUSINESS WIRE)--Citing strong financial policies and prudent planning in a challenging water environment, the nation’s top rating agencies have again assigned the Metropolitan Water District of Southern California excellent credit ratings. In recent weeks, S&P reaffirmed Metropolitan’s AAA/stable rating and Moody’s reaffirmed an Aa1/stable rating for the recent sale of $132 million series 2025A water revenue refunding bonds on its senior lien. In addition, last week Metropolit

WASHINGTON--(BUSINESS WIRE)--Business Roundtable today launched a Skilled Trades Initiative to be co-championed by the CEOs of Lowe's and Carrier Global Corporation.

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns a long-term rating of AA+ to the City of El Paso, TX General Obligation Refunding Bonds, Series 2025. KBRA additionally affirms the long term rating of AA+ for the City's outstanding General Obligation Bonds and Combination Tax and Revenue Certificates of Obligation. The rating Outlook is Stable. Key Credit Considerations The rating actions reflect the following key credit considerations: Credit Positives Total unassigned and committed general fund balanc

MIAMI--(BUSINESS WIRE)--Dwight Mortgage Trust LLC, a leading commercial real estate investment and finance platform, today announced the pricing of its inaugural Commercial Real Estate Collateralized Loan Obligation (“CRE CLO”), DWIGHT 2025-FL1, a $925 million securitization backed by a diversified pool of multifamily mortgage loans. The transaction marks a significant milestone for Dwight Mortgage Trust, expanding its capital markets capabilities and further institutionalizing its real estate

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to six classes of refinancing notes issued by Hildene TruPS Securitization 3, Ltd. (HITR3), a securitization backed by a portfolio of bank and insurance TruPS CDO assets. The transaction originally closed in June 2020 as Hildene TruPS Securitization 2020-3 Ltd and had an initial refinancing in August 2021. This transaction will include an upsize of $43.7 million of new assets and resets the terms of the securitization including the sta

NEW YORK--(BUSINESS WIRE)--KKR Income Opportunities Fund (the “Fund”) (NYSE: KIO) today announced its monthly distributions of $0.1215 per common share, payable on the dates below. Based on the Fund’s current share price of $12.27 per share (as of market close on June 16, 2025), the distributions represent an annualized distribution rate of 11.88%, (calculated by annualizing the distribution amount and dividing it by the current price). The monthly distribution schedule is as follows for the mo

COLUMBIA, Tenn.--(BUSINESS WIRE)--First Farmers and Merchants Corporation (OTC Pink: FFMH), the holding company for First Farmers and Merchants Bank, today announced that its Board of Directors has declared the Company’s regular quarterly cash dividend of $0.27 per share, which will be paid on July 16, 2025, to shareholders of record as of July 1, 2025. The dividend represents a 12.5% increase compared with the cash dividend paid during the same period last year. About First Farmers and Merchan

SAN FRANCISCO--(BUSINESS WIRE)--Vagaro, the leading software for businesses in beauty, wellness, and fitness, is proud to announce its return to HairCon as a headline sponsor for the second consecutive year. As the UK’s premier celebration of hair artistry enters its second year, Vagaro is excited to once again support this groundbreaking celebration of talent, innovation, and community. Following a successful 2024 debut, Vagaro reaffirms its commitment to helping UK beauty and hair professiona

FISHERS, Ind.--(BUSINESS WIRE)-- #SBA--First Internet Bank announced today that it has assisted the Indianapolis Neighborhood Housing Partnership (INHP) in securing a $125,000 grant from the Federal Home Loan Bank of Indianapolis (FHLBank Indianapolis) through its new Community Multiplier–Member Match program. “We commend FHLBank Indianapolis for its novel approach. In addition to partnering with member banks and not-for-profits, they invest ten percent of their annual net earnings back into affordabl

NEW YORK--(BUSINESS WIRE)--The Boards of Trustees of Nuveen California Select Tax-Free Income Portfolio (NYSE: NXC), Nuveen New York Select Tax-Free Income Portfolio (NYSE: NXN), and Nuveen Select Tax-Free Income Portfolio (NYSE: NXP) have approved a proposal to reorganize the funds. The proposed reorganizations, if approved by shareholders, would combine NXC and NXN into NXP. The reorganizations are intended to create a larger fund with lower net operating expenses and increased trading volume

SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- #HomeMeansEverything--loanDepot, Inc. (NYSE: LDI) and Onx Homes, announced that their new joint venture, ONX X+ Mortgage, is now serving homebuyers in Florida and Texas. The partnership pairs Onx Homes’ innovative approach to homebuilding with loanDepot’s best-in-class lending platform to deliver a seamless, tech-forward mortgage experience for new construction homebuyers. “With our joint venture now serving customers in Florida and Texas, we’re thrilled to continue our work trans

OAKLAND, Calif.--(BUSINESS WIRE)--On June 3, 2025, the Superior Court of California for Contra Costa County entered judgment in favor of Kaushik Banerjee in the total amount of $7,727,819.00, including $5 million in punitive damages against SeeCubic and its current CEO and board chairperson Shadron Stastney based on Banerjee’s allegations of fraud. Banerjee’s filed the lawsuit against SeeCubic, Stastney and Kabacinski in 2021 relating to his employment at SeeCubic in 2020-2021. Banerjee alleged

FISHERS, Ind.--(BUSINESS WIRE)--The Board of Directors of First Internet Bancorp (the “Company”) (Nasdaq: INBK) has declared a quarterly cash dividend of $0.06 per common share. The dividend will be payable on July 15, 2025 to shareholders of record at the close of business on June 30, 2025. The declaration and amount of any future cash dividends will be subject to the sole discretion of the Board of Directors and will depend upon many factors, including the Company’s results of operations, fin

NEW YORK--(BUSINESS WIRE)--Rithm Capital Corp. (NYSE: RITM; “Rithm” or the “Company”) announced today that it has priced its previously announced offering of $500 million aggregate principal amount of 8.000% senior unsecured notes due 2030 (the “notes”). The Company intends to use a portion of the net proceeds from this offering to redeem its outstanding 6.250% senior unsecured notes due 2025 (the “2025 Notes”), with the remainder of the net proceeds to be used for general corporate purposes, w

NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces Second Quarter 2025 Common and Preferred Stock Dividends and Business Update

NEW YORK--(BUSINESS WIRE)--AG Mortgage Investment Trust, Inc. (NYSE: MITT) (the “Company”) announced today that its Board of Directors declared a dividend of $0.21 per common share for the second quarter 2025, representing a 5% increase over the prior quarter dividend of $0.20 per common share. The dividend is payable on July 31, 2025 to shareholders of record at the close of business on June 30, 2025. “We are pleased to announce a 5% increase in our common stock dividend to $0.21 per share,” s

STAMFORD, Conn.--(BUSINESS WIRE)--Pitney Bowes Inc. (NYSE: PBI) (“Pitney Bowes” or the “Company”), a technology-enabled services company that provides SaaS shipping solutions, mailing innovation and financial services to clients around the world, today announced that it has appointed Brent Rosenthal to its Board of Directors (the “Board”), effective immediately. Mr. Rosenthal has extensive Board experience as well as over thirty years of investment expertise. Mr. Rosenthal’s experience as an in

NEW YORK--(BUSINESS WIRE)--Why: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Vera Bradley, Inc. (NASDAQ: VRA) resulting from allegations that Vera Bradley may have issued materially misleading business information to the investing public. So What: If you purchased Vera Bradley securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arra

NEW YORK--(BUSINESS WIRE)--Saba Capital Management, L.P. (together with certain of its affiliates, “Saba”), the largest common shareholder of ASA Gold and Precious Metals Limited (NYSE: ASA) (“ASA” or the “Fund”) with 17.2% ownership of the Fund’s outstanding shares, today announced the final certified voting results of the Fund’s Special Meeting of Shareholders (the “Special Meeting”) held on June 13, 2025. The final voting results of the Special Meeting confirm that shareholders voted to expa