Author: theparknews

TACOMA, Wash., Dec. 3, 2024–(BUSINESS WIRE)–Late last week, Tacoma-based Sound Credit Union (Sound) announced that Olympia-based Washington Business Bank (OTCPK; WBZB) announced the completion of the acquisition. , Washington. The transaction, which was completed late last week, includes Sound acquiring all of Washington Business Bank’s assets and assuming substantially all of its debt. With the addition of Washington Business Bank, Sound’s asset size now exceeds $3 billion, including more than $2.5 billion in deposits and more than $2.3 billion in loans. Sound’s branch network currently includes the Washington Business Bank branch at Southeast Fifth Avenue and Franklin Street in Olympia.…

NEW YORK, Dec. 3, 2024–(BUSINESS WIRE)–American International Group (NYSE: AIG) today announced the successful completion of its previously announced sale of its global personal travel insurance and assistance business, including TravelGuard. It was announced that. , transferred to Zurich Insurance Group on December 2, 2024. As disclosed at the time of closing in June 2024, this sale excludes travel coverage provided through AIG’s joint venture agreements in Japan, India, and AIG Group’s accident and health business. Evercore Group LLC served as financial advisor and Willkie Farr & Gallagher LLP and Norton Rose Fulbright LLP served as legal advisors. About AIG…

The new regional warehouse and distribution center will enable faster deliveries, with overnight and two-day deliveries not previously possible at the existing global distribution center in the UK. The US-based warehousing business is expected to reduce import duties and transportation costs, while increasing e-commerce margins for North American sales. Quiet Platforms’ AI-powered Click2Door solution supports rapidly scalable logistics and enhanced customer experiences. LONDON, Oct. 24, 2024–(BUSINESS WIRE)–Parr is a high-performance, premium skiwear and lifestyle brand that combines superior technology and fashion-driven design. Fect Moment Ltd. (NYSE American:PMNT) opens its first U.S. store. Warehouse and distribution center based in Dallas, Texas.…

OLDWICK, N.J., October 22, 2024–(BUSINESS WIRE)–AM Best has assigned a Financial Strength Rating (FSR) of A+ (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of ‘aa-‘. Assigned. (Top) for Berkley Luxury Insurance Company (Berkley Luxury), Urbandale, Iowa. The outlook assigned to FSR is stable, while the outlook assigned to long-term ICR is positive. Barclay Luxury is a new subsidiary of the Ratings Division of WR Barclay Corporation (WR Barclay). The credit rating (rating) reflects Barclay Luxury’s inclusion as a member of the Principal Rating Unit, and the company has a strong balance sheet, which AM Best rates as the…

LOS ANGELES, Oct. 10, 2024–(BUSINESS WIRE)–The following is a statement provided by the Los Angeles Business Council.“Los Angeles has launched the city’s new ProCure LA initiative to provide local businesses with the support and resources they need to take advantage of the opportunities presented by major sporting events such as the 2026 FIFA World Cup and the 2028 Olympic and Paralympic Games. Kudos to Mayor Karen Bass, LA Region.“Global events can create meaningful opportunities for local small businesses, but only if businesses are well-equipped to access and capture fair contracting opportunities.“To ensure that local small businesses are not left behind,…

MADISON, Wis., October 8, 2024–(BUSINESS WIRE)–First Business Financial Services, Inc. (the “Company” or “First Business Bank”) (Nasdaq: FBIZ) discusses our efforts We invite you to join us for a conference call. Conference calls and webcasts may contain forward-looking statements and other important information.event:Earnings Conference Call – Q3 2024when:Friday, October 25, 2024, 1:00 PM Central Timehow:via conference call or simultaneous webcastaccess:Conference call dial-in:800-343-4849 (toll free)203-518-9848 (International) Teleconference access code:FBIZ Webcast:https://events.q4inc.com/attendee/456665235 Corey A. Chambas, Chief Executive Officer, David R. Seiler, President and Chief Operating Officer, and Brian D. Spielman, Chief Financial Officer, present their results for the third quarter of 2024. I’ll…

Report analyzes 29 billion cybersecurity attacks attempted against Comcast Business customersCybercriminals are leveraging artificial intelligence (AI) to create more convincing deepfakes and phishing attacks, as well as open source tools to generate malicious code.PHILADELPHIA, Oct. 7, 2024–(BUSINESS WIRE)–Comcast Business today announced that IT and security We have released the 2024 Cybersecurity Threat Report, a valuable resource for professionals. This report highlights the profound changes in the cybersecurity landscape driven by advanced threat actors, expanding attack surfaces, and the transformative power of AI.“Armed with newfound AI-based capabilities and a landscape littered with vulnerable systems, cybercriminals have a golden opportunity,” said Noopur…

NEW YORK & ATLANTA, September 30, 2024–(BUSINESS WIRE)–Veritas Capital (“Veritas”), a leading investor at the intersection of technology and government, today completes the acquisition of Veritas’ digital banking business. It was announced that. NCR Voyix Corporation (NYSE: VYX) (“NCR Voyix”) is a leading global provider of cloud-based digital commerce solutions. Upon completion of the transaction, the digital banking business will be rebranded as Candescent and will now be a privately held company.Candescent is the largest platform of its kind in the United States and continues to serve more than 1,300 financial institutions and more than 29 million registered users.As an…

NEW YORK (AP) — U.S. stock indexes are starting 2025 higher, with Wall Street on track to break a four-day losing streak that foreshadowed a brighter end to 2024. The S&P 500 rose 0.6% at the start of trading Thursday. It was the longest losing streak since early September. The Dow Jones Industrial Average rose 332 points, or 0.8%, and the Nasdaq Composite Index rose 0.7%. Markets were supported by the latest signal that the U.S. economy remains resilient as fewer workers applied for unemployment benefits last week than economists expected. In the bond market, government bond yields fell. This…

He sold Bibles, sneakers, photo books, and virtual currency during his third presidential campaign. Now, Donald Trump is launching a new business: diamond-encrusted watches.The Republican presidential candidate announced the “Official Trump Watch Collection” on Thursday. The most expensive one has 122 diamonds in the bezel, comes in three styles in 18-karat gold, and costs $100,000. Another “Fight Fight Fight” model sells for $499.Following a long tradition of blending political and business interests, Mr. Trump has promoted an array of branded products since launching his 2024 White House campaign. Thursday’s launch, which comes 40 days before Election Day, could expose her…