Economy of California

Brandless Raises $118 Million to Accelerate Digitally-Native Platform and Mission-Driven Acquisitions

Wednesday, August 4, 2021 - 12:15pm

Spearheaded by Cydni Tetro, Brandless has secured one of the largest funding rounds led by a female CEO to date.

Key Points: 
  • Spearheaded by Cydni Tetro, Brandless has secured one of the largest funding rounds led by a female CEO to date.
  • Brandless raised these funds to accelerate growth and its acquisition of mission-driven digitally-native brands.
  • Brandless is transforming commerce by creating influence-as-a-service and democratizing access to better-for-you products, said Tetro.
  • Excited about Brandless strong foundation and growth potential, strategic family office Clarke Capital Partners acquired Brandless in 2020.

Arlington Capital Partners Signs Definitive Agreement to Acquire L3Harris Technologies’ Electron Devices and Narda Microwave-West Divisions; Will Form Stellant Systems

Tuesday, August 3, 2021 - 1:00pm

Arlington Capital Partners (Arlington), a Washington, DC-area private equity firm, today announced that an affiliate has entered into definitive agreements to acquire L3Harris Technologies (NYSE:LHX) Electron Devices and Narda Microwave-West divisions (the Company).

Key Points: 
  • Arlington Capital Partners (Arlington), a Washington, DC-area private equity firm, today announced that an affiliate has entered into definitive agreements to acquire L3Harris Technologies (NYSE:LHX) Electron Devices and Narda Microwave-West divisions (the Company).
  • View the full release here: https://www.businesswire.com/news/home/20210803005575/en/
    After closing, the Company will operate independently as Stellant Systems (Stellant) and will be a standalone platform for Arlington in the mission-critical defense electronics market.
  • The transaction is occurring in partnership with current L3Harris Electron Devices leadership, who upon close are expected to continue to operate and lead the Company.
  • Arlington Capital Partners is a Washington, DC-based private equity firm that is currently investing out of Arlington Capital Partners V, L.P., a $1.7 billion fund.

NantHealth Appoints Dr. Tiffany Avery as Chief Medical Officer

Tuesday, August 3, 2021 - 2:00pm

NantHealth, Inc. (NASDAQ: NH), a provider of enterprise solutions that help businesses transform complex data into actionable insights, today announced the appointment of Tiffany Avery, MD, MPH, as Chief Medical Officer.

Key Points: 
  • NantHealth, Inc. (NASDAQ: NH), a provider of enterprise solutions that help businesses transform complex data into actionable insights, today announced the appointment of Tiffany Avery, MD, MPH, as Chief Medical Officer.
  • Appointing Dr. Avery to our leadership team is an incredibly valuable addition to the organization, particularly as we expand into areas like population health and additional disease states for Eviti, said Ron Louks, Chief Operating Officer, NantHealth.
  • With her background in medical oncology, epidemiology, and cancer and health disparities, Dr. Avery will play a key role in helping NantHealth to deliver valuable, equitable care and improved outcomes to the patients and populations we serve.
  • Dr. Avery joined NantHealth in January of 2019 as Medical Director of Oncology.

Houston Rockets Announce Partnership with Credit Karma Money Including Jersey Patch Sponsorship

Wednesday, July 28, 2021 - 3:51pm

The Houston Rockets today announced a multi-year partnership with Credit Karma Money , highlighted by a jersey patch sponsorship beginning with the upcoming 2021-22 NBA season.

Key Points: 
  • The Houston Rockets today announced a multi-year partnership with Credit Karma Money , highlighted by a jersey patch sponsorship beginning with the upcoming 2021-22 NBA season.
  • Credit Karma Money is built to help the everyday American make financial progress and we couldnt think of a better partner than a vibrant, diverse city like Houston, said Poulomi Damany, General Manager, Credit Karma Money and Tax.
  • In addition, the Rockets partnership with Credit Karma Money includes a substantial in-arena and online presence along with support of team community engagement efforts, including recognizing Houston hometown heroes.
  • Credit Karma Money is a new money experience from Credit Karma, the personal finance platform more than 100 million Americans already trust.

Wells Fargo & Company Increases Common Stock Dividend

Tuesday, July 27, 2021 - 9:30pm

Wells Fargo & Company (NYSE: WFC) today announced a quarterly common stock dividend of $0.20 per share, payable Sept. 1, 2021, to stockholders of record on Aug. 6, 2021, as approved today by the Wells Fargo board of directors.

Key Points: 
  • Wells Fargo & Company (NYSE: WFC) today announced a quarterly common stock dividend of $0.20 per share, payable Sept. 1, 2021, to stockholders of record on Aug. 6, 2021, as approved today by the Wells Fargo board of directors.
  • The third quarter dividend represents an increase of $0.10 per share from the prior quarter.
  • Wells Fargo ranked No.
  • News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories .

Wells Fargo Closed-End Funds Announce Change of Name

Monday, July 26, 2021 - 10:25am

Wells Fargo Asset Management (WFAM) today announced that following approval by the Board of Trustees of the Wells Fargo Funds on July 15, 2021, the WFAM closed-end funds will change their names to include the name Allspring.

Key Points: 
  • Wells Fargo Asset Management (WFAM) today announced that following approval by the Board of Trustees of the Wells Fargo Funds on July 15, 2021, the WFAM closed-end funds will change their names to include the name Allspring.
  • WFAM is the trade name used by the asset management businesses of Wells Fargo and includes Wells Fargo Funds Management, LLC, the investment adviser to each of the funds, Wells Capital Management Incorporated, a sub-adviser to each of the funds, and Wells Fargo Asset Management (International) Limited, a sub-adviser to Wells Fargo Multi-Sector Income Fund.
  • Wells Fargo Asset Management (WFAM) is the trade name for certain investment advisory/management firms owned by Wells Fargo & Company.
  • These firms include but are not limited to Wells Capital Management Incorporated and Wells Fargo Funds Management, LLC.

Cesar Gonzalez Named Head of Operations for Wells Fargo Commercial Banking

Monday, July 26, 2021 - 5:00pm

Wells Fargo & Company (NYSE: WFC) today announced that Cesar Gonzalez has been named head of operations for Commercial Banking.

Key Points: 
  • Wells Fargo & Company (NYSE: WFC) today announced that Cesar Gonzalez has been named head of operations for Commercial Banking.
  • He will join the company on Aug. 30, 2021, and will dually report to Perry Pelos, CEO of Wells Fargo Commercial Banking, and Lester Owens, head of Wells Fargo Operations.
  • View the full release here: https://www.businesswire.com/news/home/20210726005102/en/
    In this role, Gonzalez will lead critical business and lending operations for Commercial Banking and will partner closely with leaders across Wells Fargo to ensure an integrated operating environment.
  • We are excited to welcome Cesar to Wells Fargo and the Commercial Banking business.

Wells Fargo Active Cash℠ Card Survey Reveals the Pandemic Drove Credit Card Holders to Purge Closets, Social Media Friends, and Complicated Rewards Cards

Monday, July 26, 2021 - 1:00pm

According to a Wells Fargo Active Cash Card survey, the COVID-19 pandemic prompted two-thirds (63%) of credit card-holding consumers to initiate pandemic purges.

Key Points: 
  • According to a Wells Fargo Active Cash Card survey, the COVID-19 pandemic prompted two-thirds (63%) of credit card-holding consumers to initiate pandemic purges.
  • View the full release here: https://www.businesswire.com/news/home/20210726005049/en/
    Wells Fargo Active Cash Card (Photo: Wells Fargo)
    The survey also reveals that the primary drivers in choosing a credit card are cash back features (44%), followed by rewards (38%) and sign-up bonuses (22%).
  • Now more than ever, cardholders want simplicity from their credit cards with no hassle around activating categories, tracking limits, or calculating rewards when managing their card rewards.
  • Wells Fargo Active Cash card is issued by Wells Fargo Bank, N.A.

Cytokinetics to Announce Second Quarter Results on August 5, 2021

Thursday, July 22, 2021 - 9:00pm

SOUTH SAN FRANCISCO, Calif., July 22, 2021 (GLOBE NEWSWIRE) -- Cytokinetics, Incorporated (Nasdaq: CYTK) today announced that it is scheduled to report second quarter results on August 5, 2021 at 4:00 PM Eastern Time.

Key Points: 
  • SOUTH SAN FRANCISCO, Calif., July 22, 2021 (GLOBE NEWSWIRE) -- Cytokinetics, Incorporated (Nasdaq: CYTK) today announced that it is scheduled to report second quarter results on August 5, 2021 at 4:00 PM Eastern Time.
  • Following the announcement, Cytokinetics senior management will host a conference call at 4:30 PM Eastern Time to discuss operational and financial results and the companys outlook for the future.
  • An archived replay of the webcast will be available via Cytokinetics website until August 19, 2021.
  • Any forward-looking statements that Cytokinetics makes in this press release speak only as of the date of this press release.

Avishtech To Join Altium’s Nexar Partner Ecosystem

Thursday, July 22, 2021 - 4:13pm

Avishtech, a leading provider of innovative EDA stack-up and 2D field solver solutions, has joined Altiums Nexar partner ecosystem.

Key Points: 
  • Avishtech, a leading provider of innovative EDA stack-up and 2D field solver solutions, has joined Altiums Nexar partner ecosystem.
  • Avishtech joins a growing list of Nexar partner organizations, including Arduino, Arrow, Diotech, Keysight Technologies , Microchip, Samtec , and Ultra Librarian.
  • View the full release here: https://www.businesswire.com/news/home/20210722005722/en/
    Avishtech, a leading provider of innovative EDA stack-up and 2D field solver solutions, has joined Altiums Nexar partner ecosystem.
  • To learn more about Nexar and to become a Nexar partner, please visit www.Nexar.com
    Nexar is a Business Unit of Altium LLC ( ASX:ALU ).