US Airways

Magnachip Confirms Receipt of Unsolicited Proposal

Friday, June 11, 2021 - 1:00pm

Magnachip's Board of Directors, in consultation with its legal and financial advisors, will carefully review and consider the Proposal.

Key Points: 
  • Magnachip's Board of Directors, in consultation with its legal and financial advisors, will carefully review and consider the Proposal.
  • Magnachip, Parent and Merger Sub have reached an agreement whereby, through June 16, 2021, Magnachip will have the right to participate in discussions with Cornucopia in connection with the Proposal for the sole purpose of determining whether the Proposal constitutes or could reasonably be expected to lead to a superior proposal.
  • In light of the Proposal, Magnachip expects to adjourn the special meeting of stockholders scheduled for 8:00 p.m. Eastern time on June 15, 2021 to June 17, 2021.
  • Magnachip's Board of Directors has not changed its recommendation that Magnachip stockholders vote "FOR" the proposal to adopt the Merger Agreement and approve the Merger.

TimkenSteel and United Steelworkers Local 1123 to Begin Contract Discussions on August 9

Thursday, June 10, 2021 - 9:15pm

CANTON, Ohio, June 10, 2021 /PRNewswire/ -- TimkenSteel (NYSE: TMST) ( timkensteel.com ) and the United Steelworkers will begin discussions on August 9 regarding the current labor agreement that is set to expire on September 27.

Key Points: 
  • CANTON, Ohio, June 10, 2021 /PRNewswire/ -- TimkenSteel (NYSE: TMST) ( timkensteel.com ) and the United Steelworkers will begin discussions on August 9 regarding the current labor agreement that is set to expire on September 27.
  • The current agreement covers approximately 1,180 bargaining employees at the company's Canton, Ohio operations.
  • "Our goal is to reach a fair, equitable agreement that supports the company's vision and provides job security for our employees," said Mike Williams, president and CEO.
  • Consistent with prior practice, the company will reserve further comment until discussions are complete, although periodic updates will be posted on www.timkensteel.com/agreement .

Win Dad a Pilot Watch: Miracle Flights and Torgoen Announce Father's Day Giveaway

Thursday, June 10, 2021 - 1:44pm

The puns are as timeless as the prize itself in the Miracle Flights + Torgoen Father's Day Giveaway, where one lucky winner will receive a classic Torgoen pilot watch to gift a special father or father figure in their life.

Key Points: 
  • The puns are as timeless as the prize itself in the Miracle Flights + Torgoen Father's Day Giveaway, where one lucky winner will receive a classic Torgoen pilot watch to gift a special father or father figure in their life.
  • Selected at random, one winner will be announced on June 18, 2021, to receive a Torgoen T9 Bluebird GMT pilot watch (retail value: $198.00).
  • "We're excited to join Miracle Flights in presenting a special father or father figure with our classic Torgoen timepiece and help make this year's Father's Day celebration unforgettable."
  • Since last year, Torgoen has generously donated a portion of its sales proceeds to support Miracle Flights' mission.

The Race To Be On Time Is Back For Airlines And Airports

Thursday, June 10, 2021 - 9:00am

Cirium restarts The On-Time Performance Report for airlines and airports, in a positive sign for the aviation industry.

Key Points: 
  • Cirium restarts The On-Time Performance Report for airlines and airports, in a positive sign for the aviation industry.
  • In May 2021, Japan Airlines (JAL), Hawaiian Airlines, Red Wings and Avianca top the ranks for on-time arrivals in their respective regions.
  • Air New Zealand operated the most flights over the month (12,570) out of the top 10 on-time airlines.
  • Airlines no longer in the top 10 include LOT Polish Airlines, Air France, and Norwegian Air Shuttle.

AtYourGate Inc. Appoints Airline and Consumer Brand Veterans to Executive Leadership Team

Wednesday, June 9, 2021 - 4:55pm

"The AtYourGate team has built a tremendous business that solves a critical market need by seamlessly bringing the on-demand experience to airport food and retail," said Medeiros.

Key Points: 
  • "The AtYourGate team has built a tremendous business that solves a critical market need by seamlessly bringing the on-demand experience to airport food and retail," said Medeiros.
  • Susan Lintonsmith brings more than 30 years of success in generating sales and profit growth for leading consumer food and beverage brands to her role as Chief Brand Officer for AtYourGate.
  • "AtYourGate has the opportunity to become a dominant brand and delivery service for airport food and retail," said Lintonsmith.
  • AtYourGate is the leading airport food and retail delivery service for travelers, airport employees and airline crews.

Vaughn Partners with JetBlue for the Airline's 'University Gateway' Pilot Pathway Program

Wednesday, June 9, 2021 - 2:30pm

FLUSHING, N.Y. , June 9, 2021 /PRNewswire-PRWeb/ -- Vaughn College announced it has partnered with JetBlue as part of the company's University Gateway Program.

Key Points: 
  • FLUSHING, N.Y. , June 9, 2021 /PRNewswire-PRWeb/ -- Vaughn College announced it has partnered with JetBlue as part of the company's University Gateway Program.
  • Launched in 2007, the JetBlue University Gateway Program is currently the airline's longest-running pathway program for aviation college students that attend Aviation Accreditation Board International (AABI)-accredited institutions.
  • As a benefit of the program, Vaughn's aircraft operations students can apply and interview for positions at JetBlue while completing their collegiate courses.
  • "We are excited to welcome Vaughn to the JetBlue University Gateway Program.

Rent-A-Center, Inc. Declares Quarterly Cash Dividend of $0.31 for the Third Quarter of 2021

Wednesday, June 9, 2021 - 2:00pm

Rent-A-Center, Inc. (the Company) (NASDAQ/NGS: RCII) announced that its Board of Directors has approved a quarterly cash dividend of $0.31 per share for the third quarter of 2021.

Key Points: 
  • Rent-A-Center, Inc. (the Company) (NASDAQ/NGS: RCII) announced that its Board of Directors has approved a quarterly cash dividend of $0.31 per share for the third quarter of 2021.
  • The dividend will be paid on July 13, 2021 to the Companys common stockholders of record as of the close of business on June 22, 2021.
  • Rent-A-Center, Inc. (NASDAQ: RCII) is an industry leading omni-channel lease-to-own provider for the cash and credit constrained customer.
  • For additional information about the Company, please visit our website at Rentacenter.com or investor.rentacenter.com.

Extended Stay America Urges Shareholders to Vote FOR Transaction With Blackstone and Starwood Capital

Wednesday, June 9, 2021 - 1:00pm

Extended Stay shareholders are reminded that their vote is extremely important, no matter how many shares they own.

Key Points: 
  • Extended Stay shareholders are reminded that their vote is extremely important, no matter how many shares they own.
  • The full text of Extended Stays letter to shareholders follows:
    Dear Extended Stay America Shareholders,
    With only a few days before our special meeting, now is the time to vote on the WHITE proxy card FOR the certain, immediate, and compelling cash value transaction with Blackstone and Starwood Capital.
  • Our Boards have explored numerous value-enhancing alternatives over several years and unanimously concluded that this transaction represents the best possible outcome for Extended Stay shareholders.
  • Extended Stay America, Inc. (ESA) and its brand Extended Stay America is the leading brand in the mid-priced extended stay segment in the U.S. with 652 hotels.

May 2021 Bankruptcy Filings Drop, Again

Tuesday, June 8, 2021 - 3:13pm

NEW YORK, June 08, 2021 (GLOBE NEWSWIRE) -- Epiq, a global technology-enabled services leader to the legal services industry and corporations, released its May 2021 bankruptcy filing statistics from its AACER bankruptcy information services business.

Key Points: 
  • NEW YORK, June 08, 2021 (GLOBE NEWSWIRE) -- Epiq, a global technology-enabled services leader to the legal services industry and corporations, released its May 2021 bankruptcy filing statistics from its AACER bankruptcy information services business.
  • This is not unexpected, as historically March and April new bankruptcy filings have spiked each year due to holiday over spending.
  • There were 182,629 total new bankruptcy filings across all chapters for the first five months of 2021, down 29% from 255,697 in the same period in 2020.
  • We offer free bankruptcy statistics and monthly email updates for both commercial and non-commercial consumer bankruptcy filings for Chapter 7, Chapter 11, and Chapter 13 cases.

FDCTech Completes Transformative Acquisition of Genesis Financial, Inc.

Monday, June 7, 2021 - 2:30pm

Accordingly, the GFNL board recommended that GFNL stockholders approve the transaction and adopt the merger agreement effective June 2, 2021.

Key Points: 
  • Accordingly, the GFNL board recommended that GFNL stockholders approve the transaction and adopt the merger agreement effective June 2, 2021.
  • The acquisition highlights include but not limited to:
    Topline growth with annualized forecasted revenue run-rate of over $15 million in fees from wealth management and tax/accounting advisory business.
  • "We are pleased to achieve this transformative milestone for the Company, its employees, shareholders, and the clients we serve," said Mitchell M. Eaglstein, Co-Founder and CEO, FDCTech.
  • FDCTech, Inc. ("FDC"), formerly known as Forex Development Corporation, is a US-based, fully integrated financial technology company.