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Businesswire News Releases

Nov 08, 2019 17:54 ET
KBRA Assigns Preliminary Ratings to Freddie Mac’s STACR 2019-HQA4
Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to 23 classes from Structured Agency Credit Risk (STACR®) REMIC 2019-HQA4 Notes, Freddie Mac STACR REMIC Trust 2019-HQA4 (STACR 2019-HQA4), a credit risk sharing transaction with a total note offering of $432,000,000. STACR 2019-HQA4 features credit exposure to Reference Obligations with original loan-to-value (LTV) ratios greater than 80% but less than or equal to 97%. The Offered Notes represent obligations of the STACR 2019-HQA4 Trust in a credit-linked note structure governed by a Credit Protection Agreement (CPA) between Freddie ...
Nov 08, 2019 17:52 ET
Atlas Specialty Products Delivers 2.5 Million Defect-Free Parts to Boeing
Atlas Specialty Products recently delivered its 2.5 millionth AS1581T06 aerospace standard fitting to Boeing. This milestone has been achieved with zero defects since August 2010. The AS1581T06 is fabricated from titanium bar adhering to individual specifications for each end as well as the qualification test requirements. Bill Perea, Quality Manager at Atlas said, “Atlas is proud of this achievement given the challenging characteristics of the integral weld ring and the high volume requirements. We machine to tighter tolerances than the spec requires to ensure installed performa...
Nov 08, 2019 17:49 ET
Tidewater Inc. Announces Commencement of Standalone Consent Solicitation and Tender Offer for its 8.00% Senior Secured Notes due 2022
Tidewater Inc. (NYSE:TDW) (the “Company”) today announced it is soliciting consents (the “Consent Solicitation”) from holders (the “Holders”) of its outstanding 8.00% Senior Secured Notes due 2022 (the “Notes”) to approve amendments to the indenture relating to the Notes (the “Indenture”) and related corresponding amendments to the Security and Pledge Agreement (“Security Agreement) entered into in connection with the issuance of the Notes (collectively, the “Proposed Amendments”). The Proposed Amendments would increase the Company’s operational and financial flexibility given its financial an...
Nov 08, 2019 17:48 ET
Patients Sue Breast-Implant Manufacturer Allergan, Says Consumer-Rights Law Firm FeganScott
Allergan, the manufacturers of BIOCELL textured “gummy” breast implants, is the target of a proposed national class-action lawsuit by consumer-rights law firm FeganScott. The suit claims that although the FDA issued a recall for Allergan’s BIOCELL products, the company has no plans to provide medical monitoring for individuals at risk of developing breast implant-associated anaplastic large cell lymphoma (BIA-ALCL)....
Nov 08, 2019 17:47 ET
John Ludwig Named Co-Chief Operating Officer of Alliant Specialty
Alliant Insurance Services has announced that John Ludwig has been named Co-Chief Operating Officer of Alliant Specialty. Ludwig will work alongside Alliant Specialty Co-COO Michael Cusack to further Alliant’s proven strategy through strategic hires, continued organic growth, exceeding client expectations, and identifying potential acquisitions....
Nov 08, 2019 17:45 ET
Foresight Energy LP Announces Suspension of Trading and Commencement of NYSE Delisting Procedures Due to Low Stock Price
Foresight Energy LP (“Foresight” or the “Partnership”) (NYSE: FELP) announced that on November 8, 2019, the Partnership was notified by the New York Stock Exchange (“NYSE”) that the NYSE had determined to immediately suspend trading of the Partnership’s common units and commence delisting proceedings as a result of the NYSE’s determination that the Partnership’s common units were no longer suitable for listing on the NYSE based on “abnormally low” trading price levels, pursuant to Section 802.01D of the NYSE Listed Company Manual....
Nov 08, 2019 17:23 ET
Sierra Income Corporation Announces Q4 2019 Distributions
Sierra Income Corporation (“Sierra” or the “Company”) today announced that its Board of Directors declared a series of monthly distributions for October, November, and December 2019 of $0.05334 per share on October 29, 2019. Stockholders of record as of each respective record date will be entitled to receive the distribution. Below are the details for each respective distribution:...
Nov 08, 2019 17:22 ET
GEON Performance Solutions Announces New Chief Executive Officer
GEON Performance Solutions (“GEON”, “GPS” or the “Company”), a global leader in the formulation, development and manufacturing of performance polymer solutions, announced today the appointment of Tracy Garrison as the Company’s new Chief Executive Officer, effective January 2020. Mr. Garrison will assume the role held by interim CEO, David Mezzanotte, a Director of SK Capital Partners....
Nov 08, 2019 17:04 ET
Concerned Shareholder of First United Corporation Urges the Board of Directors to Initiate a Sale Process
Mr. Johnny Guerry, a sizable shareholder of First United Corporation, today issued the following letter:...
Nov 08, 2019 17:03 ET
Let My Doctors Decide Releases New Patient Principles, Calls on Insurers and PBMs to Adopt for Patients
Let My Doctors Decide, a national partnership of leaders across health care working to ensure that treatment decisions are left up to doctors and patients, today released a number of new Patient Principles. Building on its recent release of a report card that shows insurance companies and pharmacy benefit managers (PBMs) are imposing significa...
Nov 08, 2019 17:00 ET
Cabot Corporation Board Declares Dividend
About Cabot Corporation Cabot Corporation (NYSE: CBT) is a global specialty chemicals and performance materials company, headquartered in Boston, Massachusetts. The company is a leading provider of rubber and
Nov 08, 2019 17:00 ET
Certain DWS Closed-End Funds Declare Monthly Distributions
The DWS closed-end funds listed below announced today their regular monthly distributions....
Nov 08, 2019 17:00 ET
Magellan Aerospace Announces Quarterly Dividend
Magellan Aerospace Corporation ("Magellan Aerospace") (TSX: MAL) announced today that its Board of Directors declared a quarterly cash dividend of $0.105 (ten and one-half cents) per share on the Corporation’s common shares, a 5 percent increase in the rate of the Corporation’s quarterly dividend from the dividend paid in the third quarter of 2019. This increase in the dividend rate is the sixth consecutive year of dividend increase since 2013, when the Corporation paid its first dividend. The dividend is payable on December 31, 2019, to stockholders of record at the close of business on Decem...
Nov 08, 2019 17:00 ET
Nine Energy Service Announces Third Quarter 2019 Results
Nine Energy Service, Inc. ("Nine" or the "Company") (NYSE: NINE) reported third quarter 2019 revenues of $202.3 million, net loss of $(20.6) million, which includes a loss on the sale of the Production Solutions segment of approximately $15.8 million and adjusted EBITDA of $24.2 million. Third quarter 2019 net loss per basic share was $(0.70). Third quarter 2019 adjusted net lossD was $(4.7) million, or $(0.16) per adjusted basic share. During the third quarter of 2019, the Company generated ROIC of 4%. During the third quarter of 2019, the Company reported net cash provided by oper...
Nov 08, 2019 16:51 ET
Aramark Statement Regarding Settlement Agreement
Aramark (NYSE:ARMK) released the following statement today regarding an agreement the Company reached in principle to settle claims in the Lacher et al. v. Aramark (Case No. 2:19-cv-00687) and Mercer et al. v. Aramark (Case No. 2:19-cv-02762) lawsuits pending in the United States District Court for the Eastern District of Pennsylvania. The agreement was reached in connection with a voluntary mediation....
Nov 08, 2019 16:49 ET
PICO Holdings, Inc. Announces Results for the Third Quarter of 2019
PICO Holdings, Inc. (NASDAQ:PICO) reported results for the third quarter ended September 30, 2019. Our reported shareholders’ equity was $175.6 million ($8.79 per share) at September 30, 2019, compared to $176.6 million ($8.52 per share) at December 31, 2018....
Nov 08, 2019 16:38 ET
Corvias Reports Commitment to Veterans on 100th Anniversary of Holiday
Corvias, a long-term solutions and management partner to the U.S. military, honors service members, residents and transitioning military this Veterans Day, the 100th year the holiday has been celebrated in America. Since its founding in 1998, Corvias has partnered with the U.S. Department of Defense to support military families and veterans by improving their quality of life with excellent service, housing, career opportunities and educational support....
Nov 08, 2019 16:35 ET
The Estée Lauder Companies to Webcast Annual Stockholders’ Meeting
The Estée Lauder Companies Inc. (NYSE: EL) will hold its 2019 Annual Meeting of Stockholders on Friday, November 15, 2019. On that date, the Company will webcast the meeting live beginning at 10:00 a.m. (ET). Those wishing to access the webcast can visit
Nov 08, 2019 16:30 ET
Badger Meter Declares Regular Quarterly Cash Dividend
The Board of Directors of Badger Meter, Inc. (NYSE: BMI) today declared a regular quarterly cash dividend of seventeen cents ($0.17) per share, payable on December 13, 2019 to shareholders of record as of November 29, 2019....
Nov 08, 2019 16:30 ET
Basic Energy Services Announces NYSE Non-compliance Notification Due to Minimum Average Share Price Requirement
Basic Energy Services, Inc. (NYSE: BAS) (“Basic” or the “Company”) announced that on November 6, 2019, the Company was notified by the New York Stock Exchange (“NYSE”) that the average closing price of the Company’s shares of common stock had fallen below $1.00 per share over a period of 30 consecutive trading days, which is the minimum average share price for continued listing on the NYSE under Rule 802.01C of the NYSE Listed Company Manual. Under the NYSE’s rules, the Company has six months following receipt of the notification to regain compliance with the minimum share price requirement....