DB

Funded status of largest U.S. corporate pension plans ends 2023 at 100%

Retrieved on: 
Tuesday, January 2, 2024
Financial management, WTW, Retirement, Risk, DB, News, Life insurance

“The improvement in the financial health of corporate pension plans in 2023 is welcome news to plan sponsors,” said Jason Wilhite, senior director, Retirement, WTW.

Key Points: 
  • “The improvement in the financial health of corporate pension plans in 2023 is welcome news to plan sponsors,” said Jason Wilhite, senior director, Retirement, WTW.
  • But overall, funded status remained relatively stable as interest rates and equity markets largely offset each other, yet it ended the year reaching an important threshold.
  • Overall investment returns are estimated to have averaged 10.4% in 2023, although returns varied significantly by asset class.
  • And while DB plans overall are in a strong funded position, the outlook may vary widely based on an individual plan’s position.

HeartCore Implements New Function to Enhance its Market Leading CMS Platform

Retrieved on: 
Monday, December 11, 2023
Marketing, DB, Privacy, CMS, Software

NEW YORK and TOKYO, Dec. 11, 2023 (GLOBE NEWSWIRE) -- HeartCore Enterprises, Inc. (Nasdaq: HTCR) (“HeartCore” or “the Company”), a leading enterprise software and consulting services company based in Tokyo, announced that it has developed and integrated a new “Builder for Creating Admin Screens” functionality into its market leading content management systems (“CMS”) platform, which allows users to create original submission screens within the platform.

Key Points: 
  • NEW YORK and TOKYO, Dec. 11, 2023 (GLOBE NEWSWIRE) -- HeartCore Enterprises, Inc. (Nasdaq: HTCR) (“HeartCore” or “the Company”), a leading enterprise software and consulting services company based in Tokyo, announced that it has developed and integrated a new “Builder for Creating Admin Screens” functionality into its market leading content management systems (“CMS”) platform, which allows users to create original submission screens within the platform.
  • HeartCore’s latest “Builder for Creating Admin Screens” function allows users of the CMS platform to effortlessly design and customize their own personalized submission screens tailored specifically to individual needs and preferences.
  • “I am pleased to announce our latest innovative functionality within our enterprise CMS platform which will make the offering more effective and efficient for our customers,” said CEO Sumitaka Kanno Yamamoto.
  • “Fueled by our ongoing goal to constantly improve our CMS platform, we persistently explore inventive avenues to enhance our software.

Development Bank based in Oman Selects Newgen Technology to Streamline Banking Processes and Deliver Transformed Experience

Retrieved on: 
Wednesday, December 20, 2023
Economic development, BPM, Government, ECM, Digital transformation, Development finance institution, SME, DB

NOIDA, India, Dec. 20, 2023 /PRNewswire/ -- Newgen Software, a global provider of low code digital transformation platform, announced that the Development Bank (DB) selected Newgen to streamline its Banking Processes and Deliver Transformed Experiences.

Key Points: 
  • NOIDA, India, Dec. 20, 2023 /PRNewswire/ -- Newgen Software, a global provider of low code digital transformation platform, announced that the Development Bank (DB) selected Newgen to streamline its Banking Processes and Deliver Transformed Experiences.
  • The financing arm for the government to support SMEs based in Oman is dedicated to enhancing its banking processes, aiming for a seamless, secure, and omnichannel experience for its customers.
  • The bank can optimize processes and foster collaboration between front- and back-office teams through user-friendly workflow automation.
  • We look forward to helping the bank build a strong foundation with digital banking and supporting their future initiatives," said Vivek Bhatnagar, VP – EMEA Sales, Newgen Software.

Development Bank based in Oman Selects Newgen Technology to Streamline Banking Processes and Deliver Transformed Experience

Retrieved on: 
Wednesday, December 20, 2023
Economic development, BPM, Government, ECM, Digital transformation, Development finance institution, SME, DB

NOIDA, India, Dec. 20, 2023 /PRNewswire/ -- Newgen Software, a global provider of low code digital transformation platform, announced that the Development Bank (DB) selected Newgen to streamline its Banking Processes and Deliver Transformed Experiences.

Key Points: 
  • NOIDA, India, Dec. 20, 2023 /PRNewswire/ -- Newgen Software, a global provider of low code digital transformation platform, announced that the Development Bank (DB) selected Newgen to streamline its Banking Processes and Deliver Transformed Experiences.
  • The financing arm for the government to support SMEs based in Oman is dedicated to enhancing its banking processes, aiming for a seamless, secure, and omnichannel experience for its customers.
  • The bank can optimize processes and foster collaboration between front- and back-office teams through user-friendly workflow automation.
  • We look forward to helping the bank build a strong foundation with digital banking and supporting their future initiatives," said Vivek Bhatnagar, VP – EMEA Sales, Newgen Software.

Tarsus Reports Third Quarter 2023 Financial Results and Recent Business Achievements

Retrieved on: 
Thursday, November 9, 2023
DB, Food, Eyelid, MITES, Disease, American Academy, Patient, PPP, ECP, FDA, Science, Optometry, TARS, American Academy of Optometry, American Academy of Ophthalmology, PDUFA, Pharmaceutical industry, Demodex, Ophthalmology

IRVINE, Calif., Nov. 09, 2023 (GLOBE NEWSWIRE) -- Tarsus Pharmaceuticals, Inc. (NASDAQ: TARS), whose mission is to focus on unmet needs and apply proven science and new technology to revolutionize treatment for patients, starting with eye care, today announced financial results for the third quarter ended September 30, 2023, and recent business achievements.

Key Points: 
  • Management to host conference call today, November 9, 2023, at 1:30 p.m. P.T.
  • IRVINE, Calif., Nov. 09, 2023 (GLOBE NEWSWIRE) -- Tarsus Pharmaceuticals, Inc. (NASDAQ: TARS), whose mission is to focus on unmet needs and apply proven science and new technology to revolutionize treatment for patients, starting with eye care, today announced financial results for the third quarter ended September 30, 2023, and recent business achievements.
  • Saturn-2 data were delivered as encore presentations at the American Academy of Optometry and American Academy of Ophthalmology conferences.
  • In the third quarter of 2023:
    The Company’s expansive disease education efforts continue to drive awareness among eye care providers (ECPs) and action in proactively diagnosing DB.

KBRA Assigns BBB- Ratings to JFK NTO LLC’s $2.0 Billion Special Facilities Revenue Bonds and Affirms Existing Ratings

Retrieved on: 
Wednesday, December 6, 2023
Banking, Professional Services, Finance, CPE, DSCR, KBRA, AA, DB, GMP, Policy, LTA, PAB, Port, Outlook, Gold, Certification, Former, AFD, CFD, Element, JFK, DBO, Heathrow Terminal 2, Terminal 3, International airport, NTP, Terminal One, Atmosphere, LEED, PANYNJ, Aviation, Terminal, Silver, Tishman, Letter, Government, ESG, Airline, Commercial property, Construction, Risk management, Telescopic sight

KBRA assigns its BBB- ratings to JFK NTO LLC’s aggregate $2.0 billion special facilities revenue bonds (series 2023 bonds), and affirms the existing ratings associated with JFK NTO LLC’s senior secured facilities for Phase A of the Terminal One redevelopment project, also called New Terminal One (NTO), at New York’s John F. Kennedy International Airport (JFK).

Key Points: 
  • KBRA assigns its BBB- ratings to JFK NTO LLC’s aggregate $2.0 billion special facilities revenue bonds (series 2023 bonds), and affirms the existing ratings associated with JFK NTO LLC’s senior secured facilities for Phase A of the Terminal One redevelopment project, also called New Terminal One (NTO), at New York’s John F. Kennedy International Airport (JFK).
  • Phase A of NTO will provide a 1.7 million-sf terminal with 13 widebody contact gates and one temporary widebody gate.
  • Under the scope of the agreement, the NTO facility will be built on the sites of the former Terminal Two and former Terminal Three.
  • The construction plan has been designed to minimize disruptions and allow Existing Terminal 1 to continue to operate through completion of Phase A in 2026.

Corporate Pensions are Looking to Make Changes to Liability-Driven Investment Allocations

Retrieved on: 
Wednesday, November 29, 2023
Personal Finance, Asset Management, Professional Services, Finance, Corporation, Research, DB, Pension, Risk management, Hibernation, Investment, Risk, Consultant, Franklin Templeton Investments, LDI, Growth, Knowledge, Face, Insurance, Pension fund

A new study commissioned by Franklin Templeton and conducted by Coalition Greenwich reveals corporate pension plans are signaling changes to their liability-driven investment (LDI) approaches in the current interest rate environment.

Key Points: 
  • A new study commissioned by Franklin Templeton and conducted by Coalition Greenwich reveals corporate pension plans are signaling changes to their liability-driven investment (LDI) approaches in the current interest rate environment.
  • The first dedicated Corporate Defined Benefit (DB) LDI research in over five years marks a distinct inflection point in pension plan management strategy and LDI approaches of the top US Corporate DB plans.
  • After the global financial crisis in 2008, funded status of corporate pension plans plunged from around 100 percent to only 80 percent—erasing years of hard-fought gains.
  • As part of the study, Coalition Greenwich also held in-depth discussion with some of the world’s biggest and most prominent investment consultants.

American Flag Football League Reveals Core Players

Retrieved on: 
Tuesday, November 21, 2023
Other Sports, Football, General Sports, Sports, American Flag Football League, Orlando Phantoms, University, Southern University, Gold, Multimedia, AFL, Sports club, Minor league football (gridiron), MVP, AFFL, League, Texas Revolution, CFL, Name, Ottawa Renegades, Satellite navigation device, Cryptocurrency, DB, West Chester University, QB

The American Flag Football League (AFFL), today announced the core players for its four teams as the League prepares for its inaugural season launching on Saturday, April 27, 2024.

Key Points: 
  • The American Flag Football League (AFFL), today announced the core players for its four teams as the League prepares for its inaugural season launching on Saturday, April 27, 2024.
  • View the full release here: https://www.businesswire.com/news/home/20231121872317/en/
    Many of the core players have competed for USA Football’s U.S. Men’s National Team.
  • The National Team has won gold at five IFAF Flag Football World Championships, The 2022 World Games in Birmingham, Ala., and the 2023 IFAF Americas Continental Flag Football Championship in Charlotte, N.C.
  • “Our players are the most elite in the game, as many are either past or current members of the USA Football’s world champion U.S. Men’s Flag National Team and are potential members of the 2028 U.S. Olympic Team.

Upstreman’s Customer-Centric Black Friday Extravaganza - Mini Fridges for Every Space

Retrieved on: 
Monday, November 13, 2023
Retail, Home Goods, Dormitory, Double Door, Drink, Food, Lunch, Brace, Snack, Multimedia, LED, DB, Quiet, Temperature, Black Friday

View the full release here: https://www.businesswire.com/news/home/20231113365590/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20231113365590/en/
    Upstreman’s Customer-Centric Black Friday Extravaganza - Mini Fridges for Every Space (Graphic: Business Wire)
    - Upstreman BR321 3.2 Cu.ft Mini Fridge (Single Door) - The Dorm Essential: Remember your cramped college dorm room when you wished for a chilled drink without walking down the hallway in the middle of the night?
  • - Upstreman FR17 1.7 Cu.ft Mini Fridge (Single Door) - A Quiet Office Companion: Envision your serene office space, where a mini fridge can make all the difference.
  • With capacities rivaling a grocery bag, adjustable temperature settings, and whisper-quiet operation, these fridges transform your dorm rooms, office spaces, and cozy apartments.
  • Don’t miss the chance to make your daily life more efficient and enjoyable with Upstreman’s mini fridges during this exciting Black Friday season with unprecedented discounts of up to 43%!

KBRA Assigns BBB- Preliminary Rating to JFK NTO LLC’s $1.5 Billion Special Facilities Revenue Bonds

Retrieved on: 
Thursday, November 9, 2023
Banking, Professional Services, Finance, CPE, DSCR, KBRA, DB, GMP, LTA, Port, Outlook, Gold, Terminal One, Certification, Former, AFD, CFD, Element, JFK, DBO, Heathrow Terminal 2, Terminal 3, International airport, NTP, Atmosphere, LEED, PANYNJ, Aviation, Terminal, Silver, Tishman, Letter, Government, ESG, Airline, Construction, Rail transport, Risk management, Telescopic sight

KBRA assigns its BBB- preliminary rating to JFK NTO LLC’s proposed $1.5 billion special facilities revenue bonds (series 2023 bonds) for Phase A of the Terminal One redevelopment project, also called New Terminal One (NTO), at New York’s John F. Kennedy International Airport (JFK).

Key Points: 
  • KBRA assigns its BBB- preliminary rating to JFK NTO LLC’s proposed $1.5 billion special facilities revenue bonds (series 2023 bonds) for Phase A of the Terminal One redevelopment project, also called New Terminal One (NTO), at New York’s John F. Kennedy International Airport (JFK).
  • The project operates under a lease agreement through December 30, 2060, with the Port Authority of New York and New Jersey (PANYNJ).
  • Phase A of NTO will provide a 1.7 million-sf terminal with 13 widebody contact gates and one temporary widebody gate.
  • Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com .