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  • Have Insiders Been Buying ADTRAN, Inc. (NASDAQ:ADTN) Shares?

    Have Insiders Been Buying ADTRAN, Inc. (NASDAQ:ADTN) Shares?We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. The...


  • Fed Should Act Like HEROES With Municipal Bonds

    Fed Should Act Like HEROES With Municipal Bonds(Bloomberg Opinion) -- Federal Reserve Chair Jerome Powell and Treasury Secretary Steven Mnuchin could be heroes for state and local governments. If they wanted to be, that is.More than three months after the central bank unveiled its Municipal Liquidity Facility, Illinois remains the only borrower to tap the Fed for funding. As Claudia Sahm, director of macroeconomic policy at the Washington Center for Equitable Growth, noted on Twitter last week in exasperation, that means the Fed is using just $1.2 billion of its $500 billion in potential firepower — which rounds down to 0%. I share her frustration. The reason the facility is gathering dust, as I wrote last month, is because the Fed’s interest rates are far too punishing for the overwhelming majority of state and municipal governments. Considering that Powell and Mnuchin effectively skirted the law so the Secondary Market Corporate Credit Facility could buy a broad swath of company bonds at near-record prices, it’s puzzling why they’re being so stingy with lending to localities, where budget constraints are already causing layoffs and reduced public services, to say nothing of the challenges in safely opening public schools for the fall.One scantly reported element of the House of Representatives’ Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act: Congressional Democrats sought to force the hands of Powell and Mnuchin. The legislation would, among other things, keep the MLF operational until the end of 2021, allow it to buy maturities as long as 10 years, include lending to U.S. territories, and, most remarkably, “ensure that any purchases made are at an interest rate equal to the discount window primary credit interest rate,” which is 0.25%.Imagine that —  0.25% — seemingly regardless of credit rating! Even with the 10-basis-point origination fee that’s part of the facility’s term sheet, that rate would still amount to the going yield on top-rated municipal bonds maturing in three years. Just about every eligible state, territory, locality and government agency would line up to borrow at that kind of rate. Those in the most trouble, like Illinois and the Metropolitan Transportation Authority, would quite possibly max out their credit lines.It’s clear that neither the Fed nor the Treasury want this kind of scenario. They’d much prefer the half-trillion-dollar facility grease the wheels of the $3.9 trillion municipal-bond market and be used as a last resort for the weakest issuers. New York Fed economists concluded in a June 29 blog post that “market conditions for municipal securities have improved significantly” thanks to the central bank’s various backstops.Still, considering the majority of the U.S. House wanted to significantly loosen the terms for states and cities to borrow, Powell and Mnuchin should at least try to meet them in the middle. Mnuchin is given extraordinary latitude through the Coronavirus Aid, Relief, and Economic Security Act to work with the Fed to set up new lending programs. There’s little in terms of constraints:A loan, loan guarantee, or other investment by the Secretary shall be made under this section in such form and on such terms and conditions and contain such covenants, representations, warranties, and requirements (including requirements for audits) as the Secretary determines appropriate. Any loans made by the Secretary under this section shall be at a rate determined by the Secretary based on the risk and the current average yield on outstanding marketable obligations of the United States of comparable maturity.I’d concede that equating the interest rate on any 10-year muni bond to the fed funds rate is probably too aggressive and would distort the existing market. But, for example, there’s nothing stopping Mnuchin from offering states and localities the same borrowing cost as the federal government, plus the fee. Tacking on 10 basis points to benchmark Treasuries ends up generating a rough approximation of the triple-A muni yield curve:With that, the most creditworthy states and cities wouldn’t have much incentive to go to the Fed, while lower-rated municipalities would get a lifeline. The yield spread between triple-B and triple-A munis remains almost three times what it was in February and wider than at any point from mid-2014 through 2019. It’s roughly the same story for single-A versus top-rated bonds.I could make any number of crude models for MLF pricing that would make more sense than the current iteration. The exact yield levels aren’t what’s important. What matters is that states and cities are on the front lines of the battle with Covid-19 and are in dire need of assistance. Even as the U.S. labor market starts to rebound from the worst of the pandemic, governments have shed workers to balance their budgets. The number of employees on state payrolls has tumbled for four months to the lowest level since 2001, while localities cut 1.26 million people in April and May alone.In this context, the seeming unwillingness to open up the MLF to more borrowers makes a mockery of Powell’s insistence that its emergency facilities were all established with the American workforce in mind. He has said people might be “able to keep their jobs because companies can finance themselves.” But what about their state and city governments? The Fed says the MLF was meant “to help state and local governments better manage cash flow pressures in order to continue to serve households and businesses in their communities.” It has failed in that mission.Mark Grant at B Riley FBR Inc., who mentioned the HEROES Act language in a note, summarized the predicament faced by his hometown of Fort Lauderdale, Florida: “Issue new bonds, very problematical at present, raise taxes, almost impossible now, cut expenditures, all politicians hate this, or try to improve the return on their investment portfolios. The response to my last suggestion was a deafening silence.”Grant suggests the Fed would balk at Congress setting the terms for which munis it can buy and at what interest rate. “While the Fed was created by Congress in 1913 and it does have the authority to provide guidance to the Fed, this may be seen as crossing the line,” he wrote. Sahm, on the other hand, says the Fed needs such an explicit go-ahead to dive into uncharted waters. Congress “missed their chance to avoid a penalty rate,” she said in a phone interview. “If you want the Fed to do this, you have to tell them to do it.”It doesn’t have to come to that. Members of both political parties have praised Powell for his steady hand through the coronavirus crisis. With Democrats advocating for massive grants to state and local governments while prominent Republicans promote the appeal of Chapter 9 bankruptcy, municipalities need a way to quickly break through partisan infighting before Covid-19 further damages their economies and steers them toward punishing austerity measures.The Fed’s facility is that path forward. But not in its current form.(Corrects the discount window primary credit interest rate in the fourth paragraph.)This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Brian Chappatta is a Bloomberg Opinion columnist covering debt markets. He previously covered bonds for Bloomberg News. He is also a CFA charterholder.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.


  • Fed Should Act Like HEROES With Municipal Bonds

    Fed Should Act Like HEROES With Municipal Bonds(Bloomberg Opinion) -- Federal Reserve Chair Jerome Powell and Treasury Secretary Steven Mnuchin could be heroes for state and local governments. If they wanted to be, that is.More than three months after the central bank unveiled its Municipal Liquidity Facility, Illinois remains the only borrower to tap the Fed for funding. As Claudia Sahm, director of macroeconomic policy at the Washington Center for Equitable Growth, noted on Twitter last week in exasperation, that means the Fed is using just $1.2 billion of its $500 billion in potential firepower — which rounds down to 0%. I share her frustration. The reason the facility is gathering dust, as I wrote last month, is because the Fed’s interest rates are far too punishing for the overwhelming majority of state and municipal governments. Considering that Powell and Mnuchin effectively skirted the law so the Secondary Market Corporate Credit Facility could buy a broad swath of company bonds at near-record prices, it’s puzzling why they’re being so stingy with lending to localities, where budget constraints are already causing layoffs and reduced public services, to say nothing of the challenges in safely opening public schools for the fall.One scantly reported element of the House of Representatives’ Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act: Congressional Democrats sought to force the hands of Powell and Mnuchin. The legislation would, among other things, keep the MLF operational until the end of 2021, allow it to buy maturities as long as 10 years, include lending to U.S. territories, and, most remarkably, “ensure that any purchases made are at an interest rate equal to the discount window primary credit interest rate,” which is 0.25%.Imagine that —  0.25% — seemingly regardless of credit rating! Even with the 10-basis-point origination fee that’s part of the facility’s term sheet, that rate would still amount to the going yield on top-rated municipal bonds maturing in three years. Just about every eligible state, territory, locality and government agency would line up to borrow at that kind of rate. Those in the most trouble, like Illinois and the Metropolitan Transportation Authority, would quite possibly max out their credit lines.It’s clear that neither the Fed nor the Treasury want this kind of scenario. They’d much prefer the half-trillion-dollar facility grease the wheels of the $3.9 trillion municipal-bond market and be used as a last resort for the weakest issuers. New York Fed economists concluded in a June 29 blog post that “market conditions for municipal securities have improved significantly” thanks to the central bank’s various backstops.Still, considering the majority of the U.S. House wanted to significantly loosen the terms for states and cities to borrow, Powell and Mnuchin should at least try to meet them in the middle. Mnuchin is given extraordinary latitude through the Coronavirus Aid, Relief, and Economic Security Act to work with the Fed to set up new lending programs. There’s little in terms of constraints:A loan, loan guarantee, or other investment by the Secretary shall be made under this section in such form and on such terms and conditions and contain such covenants, representations, warranties, and requirements (including requirements for audits) as the Secretary determines appropriate. Any loans made by the Secretary under this section shall be at a rate determined by the Secretary based on the risk and the current average yield on outstanding marketable obligations of the United States of comparable maturity.I’d concede that equating the interest rate on any 10-year muni bond to the fed funds rate is probably too aggressive and would distort the existing market. But, for example, there’s nothing stopping Mnuchin from offering states and localities the same borrowing cost as the federal government, plus the fee. Tacking on 10 basis points to benchmark Treasuries ends up generating a rough approximation of the triple-A muni yield curve:With that, the most creditworthy states and cities wouldn’t have much incentive to go to the Fed, while lower-rated municipalities would get a lifeline. The yield spread between triple-B and triple-A munis remains almost three times what it was in February and wider than at any point from mid-2014 through 2019. It’s roughly the same story for single-A versus top-rated bonds.I could make any number of crude models for MLF pricing that would make more sense than the current iteration. The exact yield levels aren’t what’s important. What matters is that states and cities are on the front lines of the battle with Covid-19 and are in dire need of assistance. Even as the U.S. labor market starts to rebound from the worst of the pandemic, governments have shed workers to balance their budgets. The number of employees on state payrolls has tumbled for four months to the lowest level since 2001, while localities cut 1.26 million people in April and May alone.In this context, the seeming unwillingness to open up the MLF to more borrowers makes a mockery of Powell’s insistence that its emergency facilities were all established with the American workforce in mind. He has said people might be “able to keep their jobs because companies can finance themselves.” But what about their state and city governments? The Fed says the MLF was meant “to help state and local governments better manage cash flow pressures in order to continue to serve households and businesses in their communities.” It has failed in that mission.Mark Grant at B Riley FBR Inc., who mentioned the HEROES Act language in a note, summarized the predicament faced by his hometown of Fort Lauderdale, Florida: “Issue new bonds, very problematical at present, raise taxes, almost impossible now, cut expenditures, all politicians hate this, or try to improve the return on their investment portfolios. The response to my last suggestion was a deafening silence.”Grant suggests the Fed would balk at Congress setting the terms for which munis it can buy and at what interest rate. “While the Fed was created by Congress in 1913 and it does have the authority to provide guidance to the Fed, this may be seen as crossing the line,” he wrote. Sahm, on the other hand, says the Fed needs such an explicit go-ahead to dive into uncharted waters. Congress “missed their chance to avoid a penalty rate,” she said in a phone interview. “If you want the Fed to do this, you have to tell them to do it.”It doesn’t have to come to that. Members of both political parties have praised Powell for his steady hand through the coronavirus crisis. With Democrats advocating for massive grants to state and local governments while prominent Republicans promote the appeal of Chapter 9 bankruptcy, municipalities need a way to quickly break through partisan infighting before Covid-19 further damages their economies and steers them toward punishing austerity measures.The Fed’s facility is that path forward. But not in its current form.(Corrects the discount window primary credit interest rate in the fourth paragraph.)This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Brian Chappatta is a Bloomberg Opinion columnist covering debt markets. He previously covered bonds for Bloomberg News. He is also a CFA charterholder.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.


  • Insights into the Plant Growth Regulator Global Market to 2025 - by Type, Crop Type and Geography

    Insights into the Plant Growth Regulator Global Market to 2025 - by Type, Crop Type and GeographyThe "Global Plant Growth Regulator Market - Forecasts from 2020 to 2025" report has been added to ResearchAndMarkets.com's offering.


  • SiriusXM buys Stitcher for $325 million, steps up its march into podcasts

    SiriusXM buys Stitcher for $325 million, steps up its march into podcastsLess than a month after picking up Simplecast for its podcast distribution and analytics tools, SiriusXM today is announcing an even bigger acquisition to raise its game in the realm of streamed spoken-word content. The satellite radio company said it has reached a deal to acquire Stitcher from E.W. Scripps for $325 million, a return of  more than double Scripps' investment in podcasting, the companies reported this morning. Stitcher brings to SiriusXM its own mobile listening app, acquired for $4.5 million in 2016.


  • AerCap Holdings N.V. Announces Debt Tender Offers

    AerCap Holdings N.V. Announces Debt Tender OffersAerCap Holdings N.V. ("AerCap" or the "Company") (NYSE: AER) announced today that AerCap Global Aviation Trust ("AGAT," "we," "us" and "our"), a Delaware statutory trust and wholly-owned subsidiary of the Company, for its own account as successor to International Lease Finance Corporation ("ILFC"), or for its own account and on behalf of AerCap Ireland Capital Designated Activity Company ("AICDAC"), as applicable, offers to purchase for cash any and all of the notes listed in the table below (the "Notes"). The offers to purchase with respect to each series of Notes are being referred to herein as the "Offers" and each, an "Offer." Each Offer is made upon the terms and subject to the conditions set forth in the offer to purchase, dated July 13, 2020 (as may be amended or supplemented from time to time, the "Offer to Purchase"), and its accompanying notice of guaranteed delivery (the "Notice of Guaranteed Delivery" and, together with the Offer to Purchase, the "Tender Offer Documents"). Capitalized terms used but not defined in this announcement have the meanings given to them in the Offer to Purchase.


  • How Much Did Autodesk's (NASDAQ:ADSK) CEO Pocket Last Year?

    How Much Did Autodesk's (NASDAQ:ADSK) CEO Pocket Last Year?Andrew Anagnost became the CEO of Autodesk, Inc. (NASDAQ:ADSK) in 2017, and we think it's a good time to look at the...


  • Curaleaf Completes Acquisition of Grassroots' License in Arizona

    Curaleaf Completes Acquisition of Grassroots' License in ArizonaCuraleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLF) ("Curaleaf" or the "Company"), a leading vertically integrated cannabis operator in the United States, today announced that Curaleaf has completed the acquisition from Grassroots of exclusive rights to the Grassroots' All Rebels Rockers, Inc. marijuana license in Arizona. The transaction was completed in advance of the closing of Curaleaf's acquisition of Grassroots to enable accelerated development of the All Rebel Rockers license.


  • Global Heavy Duty Diesel (HDD) Catalysts Industry

    Global Heavy Duty Diesel (HDD) Catalysts IndustryAmid the COVID-19 crisis, the global market for Heavy Duty Diesel (HDD) Catalysts estimated at US$1.7 Billion in the year 2020, is projected to reach a revised size of US$2.4 Billion by 2027, growing at a CAGR of 4.5% over the period 2020-2027. Read the full report: https://www.reportlinker.com/p05361281/?utm_source=PRN The U.S. Accounts for Over 29.5% of Global Market Size in 2020, While China is Forecast to Grow at a 4.3% CAGR for the Period of 2020-2027 The Heavy Duty Diesel (HDD) Catalysts market in the U.S. is estimated at US$513.7 Million in the year 2020. The country currently accounts for a 29.46% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$422.6 Million in the year 2027 trailing a CAGR of 4.3% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.2% and 3.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR while Rest of European market (as defined in the study) will reach US$422.6 Million by the year 2027.We bring years of research experience to this 17th edition of our report. The 60-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed. -Competitors identified in this market include, among others,


  • VW reportedly replacing head of software division over ID.3 struggles

    VW reportedly replacing head of software division over ID.3 strugglesVolkswagen is replacing its head of software development, newspaper Handelsblatt reported on Sunday, as the German carmaker wrestles with the transition to electric vehicles. The newspaper said Christian Senger, a former BMW manager who runs the recently founded Car.Software.Org unit, was to be replaced after clashes with the company and concern at software problems with the recent ID.3 and Golf 8 vehicles. Senger was part of a network of external managers Chief Executive Herbert Diess had brought in to reform the company.


  • TRICCAR Announces $18.5 Million Private Placement Investment

    TRICCAR Announces $18.5 Million Private Placement InvestmentTRICCAR, Inc. (OTC: FOSI), a bioceutical development and marketing firm, announced that it has completed an agreement for an investment of $18,594,692 via private placement in the public entity from Antonomastic Investment Holdings, Ltd., resulting in the sale of 11,621,683 shares of common stock at $1.60 per share. As part of the investment, Nairobi, Kenya based Antonomastic Investment Holdings, Ltd. will appoint an as yet to be determined member to TRICCAR's board of directors.


  • Sales of Bugs Off® Pads Exceed Expectations in Ace Hardware Stores

    Sales of Bugs Off® Pads Exceed Expectations in Ace Hardware StoresDuring the first 5 months of 2020, the sales of Bugs Off® Pads in Ace Hardware Stores in Florida has exceeded the total sales of Bugs Off Pads in 2019.


  • Tracey Mullen Promoted to CEO at Abervis; Garren Hilow Assumes Chief Business Officer Role

    Tracey Mullen Promoted to CEO at Abervis; Garren Hilow Assumes Chief Business Officer RoleAbveris, a leader in contract research antibody discovery, today announced the promotion of Tracey Mullen from Chief Operating Officer to Chief Executive Officer (CEO), effective July 13, 2020. Current founder and CEO Garren Hilow proactively takes over as Chief Business Officer following Abveris' move out of the startup stage. Hilow initiated the change as part of his focus on growth, which demands new leadership with a strong foundation in science, operations, and drive.


  • DSD Business Systems Announces Kayley Bell as Chief Executive Officer

    DSD Business Systems Announces Kayley Bell as Chief Executive OfficerDSD Business Systems, an award-winning provider of custom software solution suites for small- to medium-sized organizations throughout North America, today announced that Kayley Bell has been named as Chief Executive Officer. Doug Deane, Founder and Chief Executive Officer since 1984, will continue in a consultative role as Board Chairman on DSD's Board of Directors.


  • Google supports OECD engagement on digital taxes, CEO Pichai says

    Google supports OECD engagement on digital taxes, CEO Pichai saysAlphabet Inc's Google supports a multilateral solution for taxing digital services that is under discussion by the Organisation for Economic Cooperation and Development (OECD), its chief executive Sundar Pichai told Reuters in an interview. The OECD talks involve over 100 countries on a major rewrite of global tax rules to bring them up to date for the digital era, but they have so far not produced results as the negotiations have been complicated by the coronavirus pandemic. The United States has already initiated investigations of digital services taxes adopted or being considered by countries such as France, India and Turkey, saying it discriminates against U.S. tech firms.


  • Dealership Tools Will Launch Two New Upgrades: Their "Boat Builder" and Boat "Color Management"

    Dealership Tools Will Launch Two New Upgrades: Their "Boat Builder" and Boat "Color Management"In February, Dealership Tools (DT) launched their new website https://marine.dealership.tools. This new site is specifically targeted towards boat dealers and yacht brokerages. DT is set to release their brand new "Boat Builder" and boat "Color Customization". Information about these 2 new upgrades can be found on their website. These upgrades are specifically meant to foster a higher level of B2C (Business-To-Consumer) relationships and prospect retention for boat dealerships and their customers.


  • JV Smith Companies' Mexicali Operation Achieves EFI Certification

    JV Smith Companies' Mexicali Operation Achieves EFI CertificationPromotora Agricola El Toro, a JV Smith Companies facility with more than 3,500 workers and nearly 10,000 acres, has recently achieved Equitable Food Initiative certification, becoming the largest operation to have done so.


  • Google supports OECD engagement on digital taxes, CEO Pichai says

    Google supports OECD engagement on digital taxes, CEO Pichai saysAlphabet Inc's Google supports a multilateral solution for taxing digital services that is under discussion by the Organisation for Economic Cooperation and Development (OECD), its chief executive Sundar Pichai told Reuters in an interview. The OECD talks involve over 100 countries on a major rewrite of global tax rules to bring them up to date for the digital era, but they have so far not produced results as the negotiations have been complicated by the coronavirus pandemic. The United States has already initiated investigations of digital services taxes adopted or being considered by countries such as France, India and Turkey, saying it discriminates against U.S. tech firms.


  • Agree Realty Corporation (NYSE:ADC) Stock's Been Sliding But Fundamentals Look Decent: Will The Market Correct The Share Price In The Future?

    Agree Realty Corporation (NYSE:ADC) Stock's Been Sliding But Fundamentals Look Decent: Will The Market Correct The Share Price In The Future?Agree Realty (NYSE:ADC) has had a rough week with its share price down 4.0%. But if you pay close attention, you might...


  • Mars, Incorporated Announces Offering of Senior Notes

    Mars, Incorporated Announces Offering of Senior NotesMars, Incorporated (the "Company" or "Mars") announced today the commencement of a private offering of senior notes (the "Notes"). The Notes will be guaranteed on a joint and several basis by Wm. Wrigley Jr. Company and New Uno Holdings Corporation.


  • Move Over Content, Connection is King

    Move Over Content, Connection is KingOn July 15, 2020, Josh Hotsenpiller, CEO of JUNO will host the company's first exclusive fireside chat on "Why Connection is the New King." He will be joined by industry leaders Don Neal, Founder and CEO at 360 Live Media, and Robb Lee, Chief Marketing and Communications officer at ASAE.


  • BioSerenity, Leader in Healthcare as a Service (HaaS), Develops Virtual Clinics Providing Greater Access to Care for People with Epilepsy

    BioSerenity, Leader in Healthcare as a Service (HaaS), Develops Virtual Clinics Providing Greater Access to Care for People with EpilepsyBioSerenity, a high growth company specializing in remote diagnostic solutions for Neurology, Sleep Medicine and Cardiology announces an article published in Epilepsy & Behavior describing deployment of innovative virtual clinics to provide improved access to care for people suffering from epilepsy.


  • Louisiana Department of Health Issues Request for Information for Participation in the Medicaid Innovation Challenge

    Louisiana Department of Health Issues Request for Information for Participation in the Medicaid Innovation ChallengeThe Louisiana Department of Health (LDH) in partnership with Adaptation Health has issued a Request for Information (RFI) for the Louisiana Medicaid Innovation Challenge. The Innovation Challenge supports Louisiana Medicaid by identifying market-ready solutions to engage members through the appropriate use of technology. The RFI has been published to identify innovative solutions to address member communication and engagement.


  • EV startup Fisker Inc. to become publicly listed company after special merger

    EV startup Fisker Inc. to become publicly listed company after special mergerFisker, the latest car company from legendary car designer Henrik Fisker, has entered into an agreement with a special acquisition company which will see the EV startup listed on the New York Stock Exchange (NYSE). Today we announced a merger with Spartan Energy Acquisition Corp. (NYSE:SPAQ).


  • Washington NFL team nickname update, Tucker Carlson, new Bronco: 5 things to know Monday

    Washington NFL team nickname update, Tucker Carlson, new Bronco: 5 things to know MondayWashington NFL plans to announce the retirement of "Redskins" nickname, Tucker Carlson expected to discuss ex-writer's racist, sexist posts and more news to start off your Monday.


  • Eastern Union Promotes Jacob Lipoff to Lead Banking Division

    Eastern Union Promotes Jacob Lipoff to Lead Banking DivisionEastern Union, one of the country's largest commercial real estate finance firms, has promoted Jacob Lipoff to lead the company's newly centralized QTS Banking and Capital Markets Division. Holding the title of executive managing director, he will manage the firm's full scope of banking relationships. With the creation of this division, this component of the business has now been brought in-house.


  • Seventy2 Capital Welcomes Andrew Hahn as Vice President and Financial Advisor

    Seventy2 Capital Welcomes Andrew Hahn as Vice President and Financial AdvisorSeventy2 Capital Wealth Management, a fast growing, independent wealth management practice in the Washington – Baltimore region, announced today that Andrew Hahn, CFP® has joined the firm as a Vice President and Financial Advisor.


  • There Is A Reason Qudian Inc.'s (NYSE:QD) Price Is Undemanding

    There Is A Reason Qudian Inc.'s (NYSE:QD) Price Is UndemandingQudian Inc.'s (NYSE:QD) price-to-earnings (or "P/E") ratio of 2.4x might make it look like a strong buy right now...


  • GAIN Capital to Report Second Quarter 2020 Results

    GAIN Capital to Report Second Quarter 2020 ResultsGAIN Capital Holdings, Inc. (NYSE: GCAP) ("GAIN" or "the Company"), a global provider of online trading services, will announce its second quarter 2020 earnings on Thursday, July 23, 2020 after the U.S. market closes.


  • Global Flexible Printed Circuit Boards Industry

    Global Flexible Printed Circuit Boards IndustryAmid the COVID-19 crisis, the global market for Flexible Printed Circuit Boards estimated at US$14 Million in the year 2020, is projected to reach a revised size of US$26.9 Million by 2027, growing at a CAGR of 9.8% over the analysis period 2020-2027.Double Sided, one of the segments analyzed in the report, is projected to grow at a 10.6% CAGR to reach US$12.9 Million by the end of the analysis period.After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Rigid-Flex segment is readjusted to a revised 8.8% CAGR for the next 7-year period. This segment currently accounts for a 19.7% share of the global Flexible Printed Circuit Boards market. Read the full report: https://www.reportlinker.com/p05379589/?utm_source=PRN The U.S. Accounts for Over 27% of Global Market Size in 2020, While China is Forecast to Grow at a 13.2% CAGR for the Period of 2020-2027 The Flexible Printed Circuit Boards market in the U.S. is estimated at US$3.8 Million in the year 2020. The country currently accounts for a 27.02% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$5.7 Million in the year 2027 trailing a CAGR of 13.1% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.6% and 8.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 7.7% CAGR while Rest of European market (as defined in the study) will reach US$5.7 Million by the year 2027. Single Sided Segment Corners a 15.7% Share in 2020 In the global Single Sided segment, USA, Canada, Japan, China and Europe will drive the 7.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.7 Million in the year 2020 will reach a projected size of US$2.8 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.9 Million by the year 2027, while Latin America will expand at a 9.6% CAGR through the analysis period. We bring years of research experience to this 17th edition of our report. The 445-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed. -Competitors identified in this market include, among others,


  • Menarini Silicon Biosystems Partners with OpGen to Broaden Distribution of CELLSEARCH Platform in North America

    Menarini Silicon Biosystems Partners with OpGen to Broaden Distribution of CELLSEARCH Platform in North AmericaMenarini Silicon Biosystems (MSB), the pioneer of liquid biopsy and rare cell technologies, announced today that it has entered into a strategic co-promotion partnership for its CELLSEARCH Circulating Endothelial Cell (CEC) Kit*, relevant to study progression of COVID-19 disease, and other COVID-19-related products, with OpGen, Inc. (Nasdaq: OPGN), a precision medicine company harnessing the power of molecular diagnostics and bioinformatics to help combat infectious disease.


  • Workhorse C-Series All-Electric Delivery Trucks Awarded Executive Order From the California Air Resources Board

    Workhorse C-Series All-Electric Delivery Trucks Awarded Executive Order From the California Air Resources BoardWorkhorse Group Inc. (Nasdaq: WKHS) ("Workhorse"), an American technology company focused on providing sustainable and cost-effective drone-integrated electric vehicles to the last-mile delivery sector, announced that its C-Series all-electric delivery trucks have received Executive Order: A-445-0003 from the California Air Resources Board ("CARB"), which is valid for production of a vehicle during the specified model year. With this certification, the C-Series trucks are designated as zero-emission vehicles in the state of California. Workhorse also becomes the first and only medium duty battery electric vehicle ("BEV") original equipment manufacturer ("OEM") to receive approvals from both the Environmental Protection Agency ("EPA") as well as CARB.


  • Composites Market Worth $112.8 Billion by 2025 - Exclusive Report by MarketsandMarkets™

    Composites Market Worth $112.8 Billion by 2025 - Exclusive Report by MarketsandMarkets™According to the new market research report "Composites Market by Fiber Type (Glass Fiber Composites, Carbon Fiber Composites, Natural Fiber Composites), Resin Type (Thermoset Composites, Thermoplastic Composites), Manufacturing Process, End-use Industry and Region - Global Forecast To 2025", published by MarketsandMarkets™, the Composites Market size is expected to grow from USD 74.0 billion in 2020 to USD 112.8 billion by 2025, at a CAGR of 8.8% during the forecast period.


  • Lazydays Holdings, Inc. Provides Preliminary Second Quarter Results

    Lazydays Holdings, Inc. Provides Preliminary Second Quarter ResultsLazydays Holdings, Inc. ("Lazydays" or the "Company") (NasdaqCM: LAZY) provided preliminary results for the quarter ending June 30, 2020. Given the unique business environment created by the COVID-19 pandemic the Company believes it is helpful to provide preliminary results, including a month-by-month breakout of preliminary key financial measures for the quarter. It is important to note that these results are preliminary, have not been subjected to a quarterly review and should be read in conjunction with the Company's quarterly report on Form 10-Q for the quarter ending June 30, 2020, which the Company expects to file in early August 2020. Preliminary Revenue for the quarter is $214 million and net income $7 million. Preliminary key metrics by month are provided below, as well as a reconciliation of Adjusted EBITDA, a non-GAAP financial measure, to net income.


  • Meritor Hosts Conference Call and Webcast to Present Fiscal Year 2020 Third-Quarter Earnings Results

    Meritor Hosts Conference Call and Webcast to Present Fiscal Year 2020 Third-Quarter Earnings ResultsMeritor, Inc. (NYSE: MTOR) will host a conference call and webcast to discuss the company's third-quarter results for fiscal year 2020 on Wednesday, July 29 at 9 a.m. ET.


  • MRI Systems Market Size to Reach USD 6.3 Billion by 2026 - Valuates Reports

    MRI Systems Market Size to Reach USD 6.3 Billion by 2026 - Valuates ReportsMRI is a medical imaging technique that uses strong magnetic fields, magnetic field gradients, and radio waves to generate images of the anatomy and the physiological processes of the body.


  • Voyager Space Holdings, Inc. Acquires Pioneer Astronautics

    Voyager Space Holdings, Inc. Acquires Pioneer AstronauticsVoyager Space Holdings, Inc. (Voyager), the world's first space-focused holding company, today announced the acquisition of Pioneer Astronautics in a cash and stock transaction. Pioneer Astronautics is a hands-on research and development company dedicated to inventing and proving new technologies to advance humanity's reach into space and improve life on Earth. Today's news marks the second acquisition for Voyager since its inception, furthering the company's mission of creating the world's first vertically integrated and publicly traded NewSpace company.


  • Camden National Corporation to Announce Second Quarter 2020 Financial Results on July 28, 2020

    Camden National Corporation to Announce Second Quarter 2020 Financial Results on July 28, 2020Camden National Corporation (NASDAQ: CAC) will report financial and operating results for the quarter ended June 30, 2020 on Tuesday, July 28, 2020. A conference call and webcast will be held at 3:00 p.m. Eastern on Tuesday, July 28, 2020 hosted by Gregory A. Dufour, President and Chief Executive Officer and Gregory A. White, Executive Vice President, Chief Financial Officer.


  • ACell Launches Roadshow for Initial Public Offering

    ACell Launches Roadshow for Initial Public OfferingACell, Inc., a leading regenerative medicine company focused on the development, manufacture and sale of products primarily used in acute care settings as part of the treatment and management of moderate to severe wounds and reinforcement of soft tissue surgical defects, announced today that it has launched the roadshow for the initial public offering of its common stock. ACell is offering 5,000,000 shares of its common stock at an expected initial public offering price between $14.00 and $16.00 per share. ACell expects certain selling stockholders to grant the underwriters a 30-day option to purchase up to an additional 750,000 shares at the initial public offering price, less underwriting discounts and commissions. ACell has applied to list its common stock on the Nasdaq Global Market under the ticker symbol "ACLL."


  • Valvoline Named the 'Official Motor Oil' of MotorTrend Group and Presenting Sponsor of the All-New TOP GEAR AMERICA

    Valvoline Named the 'Official Motor Oil' of MotorTrend Group and Presenting Sponsor of the All-New TOP GEAR AMERICAValvoline Inc. (NYSE: VVV), a leading worldwide supplier of premium branded lubricants and automotive services, and MotorTrend Group, the largest automotive media company in the world, today announced a 2020 partnership in which Valvoline will serve as the "Official Motor Oil" of MotorTrend Group's digital and print platforms, and the presenting sponsor of the all-new U.S. format of Top Gear America.


  • Aspera Wins $1 Million SaaS and Services Contract with Large US Insurance Company

    Aspera Wins $1 Million SaaS and Services Contract with Large US Insurance CompanyAspera, a leading provider of solutions and services for Software Asset Management (SAM) and part of the USU Group, today announced a $1 Million SaaS contract with an enterprise US-based mutual life insurance company ("The Customer"). The three-year agreement is for Aspera SmartTrack license management technology, Aspera data collection tools, and Aspera license management services.


  • Break Necks In A Brand New C8 2020 Chevy Corvette Z51

    Break Necks In A Brand New C8 2020 Chevy Corvette Z51A small donation to Ronald McDonald House could permanently put you in the driver's seat of this performance-oriented beast.


  • SB Financial Group, Inc. Announces Schedule for Second-Quarter 2020 Results

    SB Financial Group, Inc. Announces Schedule for Second-Quarter 2020 ResultsSB Financial Group, Inc. (NASDAQ: SBFG), a diversified financial services company providing full-service community banking, mortgage banking, wealth management, private client and title insurance services, expects to release its second-quarter 2020 financial results on Monday, July 27, 2020, after the close of the market. The company will hold a related conference call and webcast on Tuesday, July 28, at 11:00 a.m. EDT.


  • Relmada Therapeutics Announces Uplisting to the Nasdaq Global Select Market®

    Relmada Therapeutics Announces Uplisting to the Nasdaq Global Select Market®Relmada Therapeutics, Inc. (Nasdaq: RLMD), a clinical-stage company developing novel therapies for the treatment of central nervous system (CNS) diseases, announced that effective as of market open on July 14, 2020, its common stock has been approved for uplisting to the Nasdaq Global Select Market® and will continue trading under its current ticker symbol "RLMD."


  • Schmitt Provides Listing Update Following Acquisition of Ample Hills

    Schmitt Provides Listing Update Following Acquisition of Ample HillsSchmitt Industries, Inc. (NASDAQ: SMIT) (the "Company" or "Schmitt") announced today that Schmitt's Board of Directors (the "Board") has unanimously passed a resolution for Schmitt to remain listed on the NASDAQ market.


  • UK Could Phase Out Huawei Equipment From 5G Network Due to US Sanctions

    UK Could Phase Out Huawei Equipment From 5G Network Due to US SanctionsResearchAndMarkets.com published a new article on the 5G industry "UK Could Phase Out Huawei Equipment From 5G Network Due to US Sanctions"


  • Longratex Renews Partnership with Gerber to Enable Dual Workflows - Customization and Mass Production

    Longratex Renews Partnership with Gerber to Enable Dual Workflows - Customization and Mass ProductionFor 32 years, apparel manufacturer, Longratex, has relied on Gerber Technology's innovative solutions for their baby and children's brand, Patachou, and women's brand, Sophia Kah. With Gerber's unique end-to-end solution, Longratex is able to manufacture over 2,000 pieces daily and also meet the challenge of customization. By leveraging Gerber Technology's innovations, which include 2D/3D CAD solution, AccuMark®, sophisticated cut planning solution, AccuPlan™, and nesting solution, AccuNest™, as well as the Gerber Paragon® and automated spreading, Longratex has the agility and flexibility necessary to adapt to the world around them and meet every challenge they encounter, whether it's customized, short run or mass production. Since using Gerber's robust suite of software solutions, Longratex has been able to increase productivity by 50%, improve fabric economy by 3-5%, and boost efficiency by about 50%.


  • T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For June 2020

    T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For June 2020T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported preliminary month-end assets under management of $1.22 trillion as of June 30, 2020. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $1.1 billion in June 2020, and $4.4 billion for the quarter-ended June 30, 2020. This brings total client transfers for the year-to-date period ended June 30, 2020, to $8.8 billion.


  • iAnthus Announces Execution of Support Agreement for a Recapitalization Transaction

    iAnthus Announces Execution of Support Agreement for a Recapitalization TransactioniAnthus Capital Holdings, Inc. ("iAnthus" or the "Company") (CSE: IAN) (OTCQX: ITHUF), which owns, operates, and partners with regulated cannabis operations across the United States, announced today that it has entered into a Restructuring Support Agreement (as defined below) with 100% of its Secured Lenders (as defined below) and over 91% of the Unsecured Debentureholders (as defined below) to effect a proposed recapitalization transaction (the "Recapitalization Transaction"), as well as provide Interim Financing (as defined below) of $14 million.


  • Biological Imaging Reagents Market to Expand at a CAGR of 8.5% Across Forecast Period of 2019-2027, North America and Asia Pacific to Burnish Growth Rate, Says TMR

    Biological Imaging Reagents Market to Expand at a CAGR of 8.5% Across Forecast Period of 2019-2027, North America and Asia Pacific to Burnish Growth Rate, Says TMRCardiovascular diseases, diabetes, cancer, and neurological diseases are at an all-time high in terms of worldwide cases. Proper diagnostics is the need of the hour for bringing down the high rates of these chronic diseases. This is where the biological imaging reagents tests come in the picture. These tests form a vital component of a considerable number of diagnostic imaging tests. Therefore, based on these factors, the biological imaging reagents market may observe good growth across the forecast period of 2019-2027.