Puerto Rico

eXp Announces the Opening of Spain and 3 New Countries for Third Quarter of 2021

Monday, May 17, 2021 - 2:00pm

The announcement comes after successful launches in five new markets this year, including Puerto Rico, Brazil, Italy, Hong Kong and Colombia.

Key Points: 
  • The announcement comes after successful launches in five new markets this year, including Puerto Rico, Brazil, Italy, Hong Kong and Colombia.
  • By the end of the third quarter, eXp Realty will have a presence in 19 countries.\nThroughout the past year, eXp continued to gain global market share.
  • eXp Realty recently announced a 77% increase in agent growth globally in Q1 2021 versus the prior year quarter.
  • Today, the eXp Realty platform has more than 54,000 agents across its international locations.\n\xe2\x80\x9cWe continue to see incredible interest in the eXp model across the globe, driven by its agent-centric focus,\xe2\x80\x9d said Michael Valdes, President of eXp Global.

Sun West’s Diana Montoya-Cortes Becomes One of the First Puerto Ricans to Make Scotsman Guide’s ‘Top Originators’ List

Tuesday, May 11, 2021 - 8:13pm

b'Scotsman Guide, a leading authority in mortgage company and originator rankings, has released a Top Originators list for the past 12 years.

Key Points: 
  • b'Scotsman Guide, a leading authority in mortgage company and originator rankings, has released a Top Originators list for the past 12 years.
  • Sun West Mortgage Company\xe2\x80\x99s Diana Montoya-Cortes won the award for most loans closed in 2021.
  • Diana is thought to be the first or one of the first originators from Puerto Rico to make the top of the list.\nThis press release features multimedia.
  • View the full release here: https://www.businesswire.com/news/home/20210511006120/en/\nDiana Montoya-Cortes is a branch manager for Sun West and joined 8 years ago.

Red Cat Completes Skypersonic Acquisition

Tuesday, May 11, 2021 - 2:00pm

b'HUMACAO, Puerto Rico, May 11, 2021 /PRNewswire/ -- Red Cat Holdings, Inc. (Nasdaq: RCAT) ("Red Cat" or the "Company"), a hardware enabled software provider, closed the acquisition of Skypersonic which enables drones to "Fly Anywhere" and "Inspect the Impossible".

Key Points: 
  • b'HUMACAO, Puerto Rico, May 11, 2021 /PRNewswire/ -- Red Cat Holdings, Inc. (Nasdaq: RCAT) ("Red Cat" or the "Company"), a hardware enabled software provider, closed the acquisition of Skypersonic which enables drones to "Fly Anywhere" and "Inspect the Impossible".
  • Red Cat Propware is developing a Software-as-a-Solution ("SaaS") platform to provide drone flight data analytics and storage, as well as diagnostic products and services.].
  • Forward-looking statements are based on Red Cat Holdings, Inc.\'s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict.
  • Forward-looking statements contained in this announcement are made as of this date, and Red Cat Holdings, Inc. undertakes no duty to update such information except as required under applicable law.\n'

Ambac Reschedules Release of First Quarter 2021 Results and Conference Call to May 10, 2021

Thursday, May 6, 2021 - 7:15pm

b'Ambac Financial Group, Inc. (NYSE: AMBC), a financial services holding company, today announced that it has rescheduled the release of its first quarter 2021 results to May 10, 2021, before market open.

Key Points: 
  • b'Ambac Financial Group, Inc. (NYSE: AMBC), a financial services holding company, today announced that it has rescheduled the release of its first quarter 2021 results to May 10, 2021, before market open.
  • Ambac is rescheduling the release to allow it to consider the possible effect on first quarter results of the May 5th announcement by the Financial Oversight and Management Board (\xe2\x80\x9cFOMB\xe2\x80\x9d) for Puerto Rico.
  • A live audio webcast of the call will be available through the Investor Relations section of Ambac\xe2\x80\x99s website, www.ambac.com .
  • The Amended and Restated Certificate of Incorporation of Ambac contains substantial restrictions on the ability to transfer Ambac\xe2\x80\x99s common stock.

Popular, Inc. Declares a Cash Dividend of $0.45 per Common Share

Thursday, May 6, 2021 - 4:49pm

b'Popular, Inc. (NASDAQ: BPOP) announced today that its Board of Directors has approved a quarterly cash dividend of $0.45 per share on its outstanding common stock.

Key Points: 
  • b'Popular, Inc. (NASDAQ: BPOP) announced today that its Board of Directors has approved a quarterly cash dividend of $0.45 per share on its outstanding common stock.
  • Founded in 1893, Banco Popular de Puerto Rico, Popular\xe2\x80\x99s principal subsidiary, provides retail, mortgage and commercial banking services in Puerto Rico and the U.S. Virgin Islands.
  • Popular also offers in Puerto Rico auto and equipment leasing and financing, investment banking, broker-dealer and insurance services through specialized subsidiaries.
  • In the mainland United States, Popular provides retail, mortgage and commercial banking services through its New York-chartered banking subsidiary, Popular Bank, which has branches located in New York, New Jersey and Florida.\n'

Assured Guaranty Signs Plan Support Agreement for Puerto Rico Clawback Credits and Continues to Support GO and PBA Plan Support Agreement

Thursday, May 6, 2021 - 11:30am

The settlement outlined under the HTA/CCDA PSA was agreed in principle by Assured Guaranty Municipal Corp. (AGM), Assured Guaranty Corp. (AGC), the Financial Oversight and Management Board for Puerto Rico (FOMB) and other creditors on April 12, 2021.

Key Points: 
  • The settlement outlined under the HTA/CCDA PSA was agreed in principle by Assured Guaranty Municipal Corp. (AGM), Assured Guaranty Corp. (AGC), the Financial Oversight and Management Board for Puerto Rico (FOMB) and other creditors on April 12, 2021.
  • With the execution of the HTA/CCDA PSA, Assured Guaranty also affirms its support of the Puerto Rico General Obligation (GO) and Public Buildings Authority (PBA) Plan Support Agreement (the GO/PBA PSA).\n\xe2\x80\x9cThis is a milestone achievement on the path to Puerto Rico\xe2\x80\x99s economic revitalization,\xe2\x80\x9d said Dominic Frederico, Assured Guaranty\xe2\x80\x99s President and CEO.
  • \xe2\x80\x9cWe have long believed a consensual, comprehensive approach represented the best outcome for the parties involved.
  • Such statements involve risks and uncertainties that may cause actual results to differ materially from those set forth in these statements.

inCruises International Wins Defamation Lawsuit Against navika.pro And Vera Apsarova

Thursday, May 6, 2021 - 2:00am

Furthermore, the publisher and author of the article are required to remove the article and issue a retraction in its place.\nThis is the second successful court ruling inCruises has received against publishers who defame its business on the internet.

Key Points: 
  • Furthermore, the publisher and author of the article are required to remove the article and issue a retraction in its place.\nThis is the second successful court ruling inCruises has received against publishers who defame its business on the internet.
  • In September 2020, the Moscow City Commercial ("Arbitration") Court ruled that an article published on extinvest.com about inCruises was false and defamatory when it called inCruises\' business a "scam" and a "pyramid scheme.
  • "\nMichael Hutchison, CEO of inCruises International LLC , states "We are very pleased with this outcome.
  • We will continue to defend inCruises\' name and reputation at any cost."

Red Cat Holdings Signs Letter of Intent To Acquire LuGus Studios

Wednesday, May 5, 2021 - 11:00am

b'HUMACAO, Puerto Rico, May 5, 2021 /PRNewswire/ -- Red Cat Holdings, Inc. (NASDAQ: RCAT) ("Red Cat" or the "Company"), a hardware enabled, software provider to the drone industry, announced the signing of a letter of intent to acquire LuGus Studios, the developer of Liftoff, a flight simulation platform for drone pilot training.

Key Points: 
  • b'HUMACAO, Puerto Rico, May 5, 2021 /PRNewswire/ -- Red Cat Holdings, Inc. (NASDAQ: RCAT) ("Red Cat" or the "Company"), a hardware enabled, software provider to the drone industry, announced the signing of a letter of intent to acquire LuGus Studios, the developer of Liftoff, a flight simulation platform for drone pilot training.
  • Since 2015 LuGus Studios has been developing Liftoff: FPV Drone Racing, a market leading drone simulator that has also seen a console release.
  • Forward-looking statements are based on Red Cat Holdings, Inc.\'s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict.
  • Forward-looking statements contained in this announcement are made as of this date, and Red Cat Holdings, Inc. undertakes no duty to update such information except as required under applicable law.\n'

Red Cat Holdings Announces Closing of $16 Million Public Offering and Nasdaq Listing

Tuesday, May 4, 2021 - 11:16pm

b'HUMACAO, Puerto Rico, May 4, 2021 /PRNewswire/ --Red Cat Holdings, Inc. (Nasdaq: RCAT) ("Red Cat" or the "Company"), a leading brand in the drone industry, today announced the closing of its underwritten public offering of 4,000,000 shares of its common stock at a public offering price of $4.00 per share, for gross proceeds of $16,000,000, before deducting underwriting discounts and offering expenses.

Key Points: 
  • b'HUMACAO, Puerto Rico, May 4, 2021 /PRNewswire/ --Red Cat Holdings, Inc. (Nasdaq: RCAT) ("Red Cat" or the "Company"), a leading brand in the drone industry, today announced the closing of its underwritten public offering of 4,000,000 shares of its common stock at a public offering price of $4.00 per share, for gross proceeds of $16,000,000, before deducting underwriting discounts and offering expenses.
  • A final prospectus relating to this offering was filed with the Securities and Exchange Commission on April 30, 2021.
  • Forward-looking statements are based on Red Cat Holdings, Inc.\'s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict.
  • Forward-looking statements contained in this announcement are made as of this date, and Red Cat Holdings, Inc. undertakes no duty to update such information except as required under applicable law.\n'

AM Best Revises Outlooks to Stable for Humana Inc. and Its Subsidiaries

Tuesday, May 4, 2021 - 10:08pm

Concurrently, AM Best has revised the outlook to stable from positive and affirmed the Long-Term ICR of \xe2\x80\x9cbbb-\xe2\x80\x9d and the Long-Term Issue Credit Ratings (Long-Term IRs) of Humana.

Key Points: 
  • Concurrently, AM Best has revised the outlook to stable from positive and affirmed the Long-Term ICR of \xe2\x80\x9cbbb-\xe2\x80\x9d and the Long-Term Issue Credit Ratings (Long-Term IRs) of Humana.
  • AM Best also has affirmed the Short-Term Issue Credit Rating (Short-Term IR) of Humana.\nIn addition, AM Best has revised the outlooks to stable from negative and affirmed the FSR of B++ (Good) and the Long-Term ICRs of \xe2\x80\x9cbbb\xe2\x80\x9d of the following Humana subsidiaries: Humana Insurance of Puerto Rico, Inc. and Humana Health Plans of Puerto Rico, Inc.
  • These companies are domiciled in Puerto Rico and collectively are referred to as Humana Health of Puerto Rico Group.
  • AM Best notes that Humana does have a history of providing capital support to its subsidiaries when needed.