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AM Best Assigns Issue Credit Rating to CNA Financial Corporation’s New Senior Unsecured Notes

Wed, 08/06/2025 - 15:16
OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has assigned a Long-Term Issue Credit Rating of “bbb+” (Good) to the recently issued $500 million 5.2% senior unsecured notes due 2035 of CNA Financial Corporation (CNAF) (Chicago, IL). The outlook assigned to the Credit Rating (rating) is positive. Proceeds from the sale of CNAF’s senior unsecured notes will be utilized to repurchase, redeem, repay or otherwise retire the $500 million outstanding aggregate principal balance of the 4.5% senior unsecured d

KBRA Assigns Preliminary Ratings to Towd Point Mortgage Trust 2025-CES3 (TPMT 2025-CES3)

Wed, 08/06/2025 - 15:16
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to 40 classes of asset-backed securities from Towd Point Mortgage Trust 2025-CES3 (TPMT 2025-CES3), a $464.3 million RMBS transaction, as of the Cut-off Date, sponsored by CRM 2 Sponsor, LLC and FirstKey Mortgage, LLC (FirstKey). The underlying pool consists of 5,136 closed-end second lien mortgages (CES; 100%) originated by Spring EQ, LLC (Spring EQ; 58.1%), Rocket Mortgage, LLC (Rocket; 21.2%), and NewRez LLC (NewRez; 20.7%). The CES

Law Offices of Howard G. Smith Encourages Novo Nordisk A/S (NVO) Investors To Inquire About Securities Fraud Class Action

Wed, 08/06/2025 - 15:16
BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased Novo Nordisk A/S (“Novo Nordisk” or the “Company”) (NYSE: NVO) securities between May 7, 2025, to July 28, 2025, inclusive (the “Class Period”). Novo Nordisk investors have until September 30, 2025 to file a lead plaintiff motion. IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN NOVO NORDISK A/S (NVO), CONTACT THE LAW OFFICES OF HOWARD G. SMITH TO

BioTalent Canada Earns National DEI Honour for Third Year—Continues to Raise the Bar in Workplace Inclusion

Wed, 08/06/2025 - 15:16
OTTAWA, Ontario--(BUSINESS WIRE)-- #IDEA--BioTalent Canada has once again been named a 5-Star Diversity, Equity and Inclusion Employer by Canadian HR Reporter. This recognition underscores the organization’s leadership in fostering inclusive workplace practices and driving change across Canada’s bio-economy. Selected as one of 14 winners, BioTalent Canada stands out for embedding IDEA—Inclusion, Diversity, Equity and Accessibility— into every aspect of its operations. The national award celebrates empl

Melrose Plaza Grand Opening Marks New Chapter in Community Investment in Virginia

Wed, 08/06/2025 - 15:16
ROANOKE, Va.--(BUSINESS WIRE)--Melrose Plaza, a first-of-its-kind community resource center, officially opened its doors with a grand opening celebration. This milestone comes with many firsts for the Roanoke community and the Commonwealth of Virginia. More than a neighborhood milestone, Melrose Plaza represents a new model for addressing the social determinants of health in historically underserved communities. What began as a resident-led food access initiative has become a $30 million anchor

Former State Elections Director and General Counsel to Arizona Governor Joins Coppersmith Brockelman to Co-Lead Elections and Public Law Practice

Wed, 08/06/2025 - 15:16
PHOENIX--(BUSINESS WIRE)--Coppersmith Brockelman is pleased to announce that Sambo “Bo” Dul, one of Arizona’s most prominent attorneys in election, political, and public law, is joining the firm to co-lead its nationally recognized elections and public law practice alongside Andy Gaona. Working with their colleague Austin Yost, they will guide the next phase of that practice’s continued success. The former top legal advisor to Gov. Katie Hobbs and a former Arizona state elections director, Dul

Shareholder Alert: The Ademi Firm Investigates Whether PharmChem, Inc. is Obtaining a Fair Price for its Public Shareholders

Wed, 08/06/2025 - 15:16
MILWAUKEE--(BUSINESS WIRE)--The Ademi Firm is investigating PharmChem (OTC: PCHM) for possible breaches of fiduciary duty and other violations of law in its transaction with Alcohol Monitoring Systems. Click here to learn how to join our investigation and obtain additional information or contact us at gademi@ademilaw.com or toll-free: 866-264-3995. There is no cost or obligation to you. In the transaction, shareholders of PharmChem will receive $3.75 per share in cash. PharmChem insiders will r

Empire State Realty Trust Announces Dividend for Third Quarter 2025

Wed, 08/06/2025 - 12:16
NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”), today announced that its Board of Directors has declared a dividend of $0.035 per share for the third quarter of 2025, payable to holders of the Company’s Class A common stock and Class B common stock and to holders of Empire State Realty OP, L.P.’s (“ESRO”) Series ES, Series 250 and Series 60 operating partnership units (NYSE Arca: ESBA, FISK and OGCP, respectively) and Series PR operating partnership unit

Law Offices of Frank R. Cruz Encourages Novo Nordisk A/S (NVO) Investors To Inquire About Securities Fraud Class Action

Wed, 08/06/2025 - 12:16
LOS ANGELES--(BUSINESS WIRE)--Law Offices of Frank R. Cruz Encourages Novo Nordisk A/S (NVO) Investors To Inquire About Securities Fraud Class Action

KBRA Releases Monthly CMBS Trend Watch

Wed, 08/06/2025 - 12:16
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA releases the July 2025 issue of CMBS Trend Watch. It has been anything but the summer doldrums for the CMBS private label market, as 20 deals priced in July, outpacing the 14 in June. Investor demand was robust, led by 15 single borrower (SB) transactions and five conduits. For the month, $12.4 billion priced, bringing the year-to-date issuance through July to a level 29% higher year-over-year (YoY). Following a very strong July, August activity could show signs

Western Alliance Bank Teams with FHLBank San Francisco to Award $1.25 Million Affordable Housing Grant to Blind Center of Nevada

Wed, 08/06/2025 - 12:16
PHOENIX--(BUSINESS WIRE)--Western Alliance Bank has teamed with Federal Home Loan Bank of San Francisco (FHLBank San Francisco) to deliver a $1.25 million Affordable Housing Program (AHP) Nevada Targeted Fund grant to the Blind Center of Nevada to create 100 units of supportive housing in downtown Las Vegas. Western Alliance Bank successfully supported the Blind Center of Nevada’s Visions Park project in securing the maximum grant funding available from FHLBank San Francisco’s 2025 AHP Nevada T

Rosen Law Firm Encourages Collective Mining Ltd. Investors to Inquire About Securities Class Action Investigation – CNL

Wed, 08/06/2025 - 12:16
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 Collective Mining Ltd. (NYSE American: CNL) resulting from allegations that Collective Mining may have issued materially misleading business information to the investing public. So What: If you purchased Collective Mining securities you may be entitled to compensation without payment of any out of pocket fees or costs through a

Johnson Fistel Investigates Marex Group Following Damaging Short Seller Allegations

Wed, 08/06/2025 - 12:16
SAN DIEGO--(BUSINESS WIRE)--Johnson Fistel, PLLP announces that it is investigating potential claims on behalf of investors of Marex Group plc (NASDAQ: MRX) regarding possible violations of federal securities laws. Investors who purchased Marex Group securities may be eligible to recover losses stemming from alleged misrepresentations and omissions made by the Company and its executives. What if I purchased Marex Group securities? If you incurred significant losses and want to determine if you

University Place Asset Management and Axonic Capital Provide $97.5M Senior Construction Financing to Developers of Rosewood Residences in Dallas

Wed, 08/06/2025 - 12:16
DALLAS--(BUSINESS WIRE)--University Place Asset Management (“UPLAM”) and Axonic Capital LLC (“Axonic”) today announced the closing of a $97.5 million senior construction loan to developer One Turtle Creek LP for Rosewood Residences Turtle Creek, a new luxury residential project in Dallas’s historic Turtle Creek neighborhood. UPLAM and Axonic worked as co-lenders on the transaction, which will refinance the existing construction loan, replenish interest reserves and provide the capital required

Athos Commerce Appoints Chuck Haling as CEO to Lead Next Phase of Growth

Wed, 08/06/2025 - 12:16
SAN ANTONIO, Texas--(BUSINESS WIRE)--Athos Commerce today announced the appointment of Chuck Haling as Chief Executive Officer. A growth-driven leader with a track record of building and integrating high-performing software businesses, Haling most recently served as CEO of FieldWare, where he unified two acquired companies into a single high-performance organization. Haling joins at a pivotal moment for Athos Commerce as the company advances its mission to equip retailers with sharper discovery

Fortis M&A Partners Launches to Redefine Deal Sourcing for Private Equity

Wed, 08/06/2025 - 12:16
INDIANAPOLIS--(BUSINESS WIRE)--Fortis M&A Partners launches to help private equity, sponsors, and family offices source high-quality, off‑market acquisition opportunities.

Crawford & Company® to Participate in the William Blair Insurance, Banking & Wealth Technology Conference

Wed, 08/06/2025 - 12:16
ATLANTA--(BUSINESS WIRE)--Crawford & Company® (NYSE: CRD-A and CRD-B) is pleased to announce that the Company will take part in the 2025 William Blair Insurance, Banking & Wealth Technology Virtual Conference on Tuesday, August 12, 2025. Pat Van Bakel, President, North America Loss Adjusting will be participating in the Future of Claims Panel at 3:45 pm ET and management will be available for one-on-one meetings on August 13, 2025. About Crawford® Based in Atlanta, Crawford & Compan

WestPark Capital Announces the Hiring of Ed Arce as Managing Director in Equity Research, Expanding the Team into Healthcare

Wed, 08/06/2025 - 12:16
LOS ANGELES--(BUSINESS WIRE)--WestPark Capital, a full-service investment bank and broker-dealer, announced today that Ed Arce has joined the firm as a Managing Director and Senior Research Analyst covering emerging and small-to-midcap (SMID) biotechnology companies. Ed is highly regarded in the industry with deep knowledge across a number of therapeutic areas, bringing nearly 20 years of research experience. Prior to joining WestPark, Ed worked as a healthcare analyst at H.C. Wainwright, Roth

goBeyondProfit Report Reveals Growing Workplace Skepticism: A Guide to Building Loyalty That Withstands Turbulent Times

Wed, 08/06/2025 - 12:16
ATLANTA--(BUSINESS WIRE)-- #businessgenerosity--The 2025 Business Generosity Report by goBeyondProfit and Georgia CEO reveals a critical misalignment that directly impacts productivity and consistently influences employee decisions to stay or leave. While employees may not be leaving now, our report reveals key employees are quietly looking for companies that offer what they value. In today’s economic uncertainty, this report gives leaders strategic insights to build loyalty and engagement today, so when the hiring

AM Best Places Credit Ratings of Independence American Insurance Company Under Review With Developing Implications

Wed, 08/06/2025 - 12:16
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has placed under review with developing implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Independence American Insurance Company (IAIC) (Wilmington, DE). The Credit Ratings (ratings) have been placed under review with developing implications following IAIC’s re-filing of its 2024 annual statements. The refiling of the statements was driven by the auditor’s opinion that the pet quota

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