MFC

Globalstar Announces First Quarter 2024 Financial Results and Operational Updates

Retrieved on: 
Mercredi, mai 8, 2024
Technology, Finance, Entertainment, Satellite, Banking, Accounting, Telecommunications, Professional Services, Mobile Entertainment, Networks, SpaceX, GSAT, Ecosystem, Duplex, Risk, Commercial, FCC, MDA, ARPU, Wi-Fi, Webcast, Human, Federal, Public expenditure, Pressure, SPOT, RAN, MFC, Adjustment, XCOM, POC, ID, Government, Federal Communications Commission, File, GAAP, Hertz

Globalstar, Inc. (NYSE American: GSAT) today announced its operating and financial results for the first quarter ended March 31, 2024.

Key Points: 
  • Globalstar, Inc. (NYSE American: GSAT) today announced its operating and financial results for the first quarter ended March 31, 2024.
  • Service revenue increased $0.5 million during the first quarter of 2024 from the first quarter of 2023.
  • Loss from operations was $4.7 million during the first quarter of 2024, compared to income from operations of $7.2 million during the first quarter of 2023.
  • Net loss was $13.2 million for the first quarter of 2024, compared to net loss of $3.5 million for the first quarter of 2023.

Front Street Re Appoints Edison Fong as Chief Executive Officer

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Mercredi, mai 8, 2024
American Academy, Society, University, Ecosystem, Economics, Health, Statistics, Fintech, Insurance, Life, Manulife, Front Street, Mathematics, Thomas Edison, CFA, MFC, Society of Actuaries, Growth

GEORGETOWN, Cayman Islands, May 8, 2024 /PRNewswire/ -- Front Street Re ("FSR" or the "Company"), an international Insurtech and reinsurance company that focuses on annuity, life, health, and general reinsurance solutions and is an operating subsidiary of Lexasure Financial Group Limited ("Lexasure"), today announced the appointment of Edison Fong as Chief Executive Officer following a thorough search process.

Key Points: 
  • GEORGETOWN, Cayman Islands, May 8, 2024 /PRNewswire/ -- Front Street Re ("FSR" or the "Company"), an international Insurtech and reinsurance company that focuses on annuity, life, health, and general reinsurance solutions and is an operating subsidiary of Lexasure Financial Group Limited ("Lexasure"), today announced the appointment of Edison Fong as Chief Executive Officer following a thorough search process.
  • Mr. Ian Lim, Chief Executive Officer of Lexasure Financial Group and President of Front Street Re, stated, "Please join me in congratulating Edison as he assumes the CEO role at Front Street Re.
  • Lexasure is committed to the continued growth of Front Street Re, and I could not be more pleased to be announcing Edison's appointment today."
  • "I am incredibly excited to be joining the Lexasure family and expanding our North American footprint with Front Street Re," said Edison Fong, Chief Executive Officer of Front Street Re.

Manulife Releases 2023 Sustainability Report and Public Accountability Statement

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Mercredi, mai 8, 2024
Education, IPE, General account, Woman, Longer, Health, Gallup, TSX, Research, Natural capital, Science, AUM, MFC, Longevity, Management

The firm's 2023 Sustainability Report includes the following results Manulife accomplished during the year1:

Key Points: 
  • The firm's 2023 Sustainability Report includes the following results Manulife accomplished during the year1:
    Increased mental health benefits by 20% for our Canadian employees, from $10,000 to $12,000
    Ranked in the 89th percentile for employee engagement, a top quartile ranking among financial services peers2
    Hosted the inaugural Longer.
  • 3 Policies sold in emerging markets across Asia including Cambodia, India, Indonesia, Malaysia, Myanmar, the Philippines, and Vietnam.
  • "We are proud of our achievements during 2023, and we remain steadfast in our belief that collective action can accelerate change.
  • Firms were asked to provide AUM and the as of dates vary from 12/31/2022 to 12/31/2023.

Lockheed Martin Reports First Quarter 2024 Financial Results

Retrieved on: 
Mardi, avril 23, 2024
MFC, FAS, CAS, Unitary state, Acquisition, FAR, Government, Insurance

Excluded items are included in the reconciling item "Unallocated items" between operating profit from the company's business segments and its consolidated operating profit.

Key Points: 
  • Excluded items are included in the reconciling item "Unallocated items" between operating profit from the company's business segments and its consolidated operating profit.
  • Changes in net sales and operating profit generally are expressed in terms of volume, contract mix, and/or performance (referred to as profit adjustments).
  • Volume changes in segment operating profit are typically based on the current profit booking rate for a particular contract.
  • In addition to this reach-forward loss, net favorable profit booking rate adjustments were lower by $120 million, see the discussion below.

Decomposing systemic risk: the roles of contagion and common exposures

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Mardi, avril 23, 2024
Tao, CIBC, Tax, RWA, Risk, European Systemic Risk Board, Research Papers in Economics, Contagion, RT, The Big Six, NBC, International, Shock, Observation, Bank of Canada, HTC, European Economic Association, The Washington Post, Great, JPMorgan Chase, Paper, GM, Environment, Political economy, Journal of Financial Economics, COVID-19, Perception, BNS, Website, Silicon, IAT, Cifuentes, Probability, Balance sheet, RAN, Medical classification, Algorithm, Information technology, Quarterly Journal of Economics, LN, Nature, European Journal, Royal Bank of Canada, Technical report, Journal of Political Economy, Equitable Bank, Bankruptcy, RAI, PDF, Private, ECB, Policy, CHS, Supercapacitor, Social science, Journal of Financial Stability, Intelligence (journal), Elsevier, Home, Cambridge University Press, Journal, Springer Science+Business Media, Research, Classification, Regulation, News, EQB, Credit, Literature, AIK, European Central Bank, COVID, SVAR, Section 5, Management science, DRA, M4, VL, National bank, Government, ISSN, BMO, Panel, International Financial Reporting Standards, BIS, FIS, Basel III, Commerce, Scotiabank, C32, Econometric Society, Interbank, Fraud, Section 4, Bank, Schedule, VAR, Section 3, The Journal of Finance, RBC, Volcanic explosivity index, Fire, Wassily Leontief, Financial economics, Metric, Section 2, L14, Central bank, Superintendent, Bank of Montreal, Kronecker, BOC, Lithium, BCBS, Sale, Macroeconomic Dynamics, Christophe, CWB, LBC, NHA, Imperial Bank, Private equity, Quarterly Journal, National Bank of Canada, C51, Canadian Western Bank, Currency crisis, JEL classification codes, Victor Drai, L.1, MFC, Silicon Valley Bank, EB, Laurentian Bank of Canada, Federal, RA1, Series, W0, FEVD, Journal of Econometrics, Aggregate, University, FRB, MB, Financial institution, Element, Health, Book, Angels & Airwaves, Common, OSFI, GFC, Reproduction, K L, Systematic, Housing, G21, Home Capital Group, Communications satellite

Abstract

Key Points: 
    • Abstract
      We evaluate the effects of contagion and common exposure on banks? capital through
      a regression design inspired by the structural VAR literature and derived from the balance
      sheet identity.
    • Contagion can occur through direct exposures, fire sales, and market-based
      sentiment, while common exposures result from portfolio overlaps.
    • First, we document that contagion varies in time, with the highest levels
      around the Great Financial Crisis and lowest levels during the pandemic.
    • Our new framework complements
      traditional stress-tests focused on single institutions by providing a holistic view of systemic risk.
    • While existing literature presents various contagion narratives, empirical findings on
      distress propagation - a precursor to defaults - remain scarce.
    • We decompose systemic risk into three elements: contagion, common exposures, and idiosyncratic risk, all derived from banks? balance sheet identities.
    • The contagion factor encompasses both sentiment- and contractual-based elements, common exposures consider systemic
      aspects, while idiosyncratic risk encapsulates unique bank-specific risk sources.
    • Our empirical analysis of the Canadian banking system reveals the dynamic nature of contagion, with elevated levels observed during the Global Financial Crisis.
    • In conclusion, our model offers a comprehensive lens for policy intervention analysis and
      scenario evaluations on contagion and systemic risk in banking.
    • This
      notion of systemic risk implies two key components: first, systematic risks (e.g., risks related
      to common exposures) and second, contagion (i.e., an initially idiosyncratic problem becoming
      more widespread throughout the financial system) (see Caruana, 2010).
    • In this paper, we decompose systemic risk into three components: contagion, common exposures, and idiosyncratic risk.
    • First, we include contagion in three forms: sentiment-based contagion, contractual-based
      contagion, and price-mediated contagion.
    • In this context,
      portfolio overlaps create common exposures, implying that bigger overlaps make systematic
      shocks more systemic.
    • With the COVID-19 pandemic starting
      in 2020, contagion drops to all time lows, potentially related to strong fiscal and monetary
      supports.
    • That is, our
      structural model provides a framework for analyzing the impact of policy interventions and
      scenarios on different levels of contagion and systemic risk in the banking system.
    • This provides a complementary approach to
      seminal papers that took a structural approach to contagion, such as DebtRank Battiston et al.
    • More generally, the literature on networks and systemic risk started with Allen and Gale
      (2001) and Eisenberg and Noe (2001).
    • The matrix is structured as follows:
      1

      In our model, we do not distinguish between interbank liabilities and other types of liabilities.

    • In other words, we can and aim to estimate different degrees
      of contagion per asset class, i.e., potentially distinct parameters ?Ga .
    • For that, we build three major
      metrics to check: average contagion, average common exposure, and average idiosyncratic risk.
    • N i j

      et ,
      Further, we define the (N ?K) common exposure matrix as Commt = [A

      (20)

      et ]diag (?C
      ?L

      such that average common exposure reads,
      average common exposure =

      1 XX
      Commik,t .

    • N i j

      (22)

      20

      ? c ),

      The three metrics?average contagion, average common exposure, and average idiosyncratic risk?provide a comprehensive framework for understanding banking dynamics.

    • Figure 4 depicts the average level of risks per systemic risk channel: contagion risk, common exposure, and idiosyncratic risk.
    • Figure 4: Average levels of contagion (Equation (20)), common exposure (Equation (21)), and idiosyncratic risk
      (Equation (22)).
    • The market-based contagion is the contagion due to
      investors? sentiment, and the network is an estimate FEVD on volatility data.
    • For most of
      the sample, we find that contagion had a bigger impact on the variance than common exposures.

Markham Fertility Centre and humm Canada partner to make fertility treatments more accessible

Retrieved on: 
Mercredi, mars 27, 2024
Partnership, MFC, Patient, Ministry, Fertility, Birth control

MARKHAM, Ontario, March 27, 2024 (GLOBE NEWSWIRE) -- Markham Fertility Centre (MFC) and humm Canada proudly come together to announce better financing options for patients seeking fertility treatments.

Key Points: 
  • MARKHAM, Ontario, March 27, 2024 (GLOBE NEWSWIRE) -- Markham Fertility Centre (MFC) and humm Canada proudly come together to announce better financing options for patients seeking fertility treatments.
  • According to Markham Fertility Centre’s Medical Director, Dr Meivys Garcia, “Roughly one quarter of fertility patients delay treatment for financial reasons.
  • Humm and Markham Fertility Centre are dedicated to ensuring that patients receive the highest quality of care and support throughout their fertility journey.
  • For more information about financing options for fertility treatments and Markham Fertility Centre, please visit the website .

Electronic Shelf Label Revenues to Exceed US$6.2 Billion by 2030 Amid Retailers' Response to a Shrinking Workforce

Retrieved on: 
Mercredi, avril 3, 2024
Research, Automation, Electronic shelf label, Growth, SpartanNash, Dematic, Partnership, ABI, Sam's Club, ESL, MFC, Retail

NEW YORK, April 3, 2024 /PRNewswire/ -- In retail stores, technology is being increasingly leveraged to enhance customer experiences, improve product availability, and address labor challenges head-on. According to global technology intelligence firm ABI Research, Electronic Shelf Label (ESL) revenues worldwide are expected to surpass US$6.2 billion by 2030.

Key Points: 
  • According to global technology intelligence firm ABI Research, Electronic Shelf Label (ESL) revenues worldwide are expected to surpass US$6.2 billion by 2030.
  • Workers are required to ensure shelves are stocked, inventory is managed, the store is clean, and customers are supported.
  • Europe has led the charge with ESLs, currently with the highest installed base at almost 600 million ESLs.
  • The region also hosts the two largest ESL vendors, SES-imagotag and Pricer , holding a combined market share of over 60%.

Electronic Shelf Label Revenues to Exceed US$6.2 Billion by 2030 Amid Retailers' Response to a Shrinking Workforce

Retrieved on: 
Mercredi, avril 3, 2024
Research, Automation, Electronic shelf label, Growth, SpartanNash, Dematic, Partnership, ABI, Sam's Club, ESL, MFC, Retail

NEW YORK, April 3, 2024 /PRNewswire/ -- In retail stores, technology is being increasingly leveraged to enhance customer experiences, improve product availability, and address labor challenges head-on. According to global technology intelligence firm ABI Research, Electronic Shelf Label (ESL) revenues worldwide are expected to surpass US$6.2 billion by 2030.

Key Points: 
  • According to global technology intelligence firm ABI Research, Electronic Shelf Label (ESL) revenues worldwide are expected to surpass US$6.2 billion by 2030.
  • Workers are required to ensure shelves are stocked, inventory is managed, the store is clean, and customers are supported.
  • Europe has led the charge with ESLs, currently with the highest installed base at almost 600 million ESLs.
  • The region also hosts the two largest ESL vendors, SES-imagotag and Pricer , holding a combined market share of over 60%.

Announcing the Mobile Finance Collective - A Pioneering New Community for Finance Professionals in the Mobile App and Gaming Sector

Retrieved on: 
Lundi, mars 18, 2024
Launch, Growth, Learning, Mentorship, CFO, ZeptoLab, Finnish Tax Administration, Glu Mobile, MFC, Multimedia, Mobile phone

LONDON, March 18, 2024 /PRNewswire-PRWeb/ -- Today marks the official launch of the Mobile Finance Collective, a groundbreaking community designed to address the unmet needs of finance professionals within the dynamic and ever-evolving mobile app and gaming sector.

Key Points: 
  • LONDON, March 18, 2024 /PRNewswire-PRWeb/ -- Today marks the official launch of the Mobile Finance Collective, a groundbreaking community designed to address the unmet needs of finance professionals within the dynamic and ever-evolving mobile app and gaming sector.
  • There is a clear need in the mobile sector for such a community to bring finance professionals together."
  • Recognizing this gap, the Mobile Finance Collective aims to bring together finance professionals and provide a collaborative environment for shared learning and growth.
  • One of the distinctive features of the Mobile Finance Collective is the presence of top-tier mentors who have achieved remarkable success in the mobile gaming sector.

Globalstar Announces Commercial Availability of XCOM RAN Multipoint Radio System for Private Network Wireless Optimization; Solution Being Deployed by Major Global Retailer

Retrieved on: 
Vendredi, février 23, 2024
Software, Mobile, Wireless, Networks, Internet, Hardware, Data Management, Apps, Applications, Technology, Artificial Intelligence, 5G, Satellite, Telecommunications, DAS, Algorithm, Architecture, RRU, MWC, XCOM, RAN, MFC, GSAT, Sale, Nature, Reality, PLC, Warehouse, Organization, Ecosystem, VR, HMDS, Research, Mobile World Congress

Globalstar, Inc. (NYSE American: GSAT) today announced the commercial availability of XCOM RAN, a multipoint radio access network (RAN) that delivers greater capacity and coverage in dense 5G wireless applications with significantly more efficient use of spectrum.

Key Points: 
  • Globalstar, Inc. (NYSE American: GSAT) today announced the commercial availability of XCOM RAN, a multipoint radio access network (RAN) that delivers greater capacity and coverage in dense 5G wireless applications with significantly more efficient use of spectrum.
  • XCOM RAN meets the high-performance, high-reliability requirements of warehouse automation, offering ease of use and higher efficiencies within a scalable design.
  • Globalstar is providing its connectivity solution comprising hardware, software, and services, with several systems expected to be delivered in 2024.
  • "With XCOM RAN, we set out to apply our decades of wireless system design experience into creating transformative and differentiated performance for private wireless 5G networks and beyond.