Financial condition report

Two Harbors Investment Corp. Announces Closing of Acquisition of RoundPoint Mortgage Servicing LLC

Retrieved on: 
Monday, October 2, 2023
Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, REIT, MSR, Result, Telephone, Financial condition report, Multimedia, Person, Suite, Utica Avenue, Trust, Acquisition, Analysis, Security (finance), Harbor, NYSE, Bank, Risk management, Matrix

Two Harbors Investment Corp. (NYSE: TWO), an Agency + MSR real estate investment trust, today announced that Matrix Financial Services Corporation (“Matrix”), a wholly owned subsidiary of Two Harbors Investment Corp., completed its acquisition of RoundPoint Mortgage Servicing LLC (“RoundPoint”).

Key Points: 
  • Two Harbors Investment Corp. (NYSE: TWO), an Agency + MSR real estate investment trust, today announced that Matrix Financial Services Corporation (“Matrix”), a wholly owned subsidiary of Two Harbors Investment Corp., completed its acquisition of RoundPoint Mortgage Servicing LLC (“RoundPoint”).
  • RoundPoint became a wholly owned subsidiary of Matrix upon the closing of the transaction and has retained its servicing licenses and capabilities.
  • “This is an exciting and transformative acquisition for our company,” said Bill Greenberg, Two Harbors’ President and Chief Executive Officer.
  • Two Harbors Investment Corp., a Maryland corporation, is a real estate investment trust that invests in residential mortgage-backed securities, mortgage servicing rights and other financial assets.

Eastman to Sell Texas City Operations to INEOS Acetyls for $490 Million

Retrieved on: 
Thursday, September 28, 2023
Packaging, Chemicals, Plastics, Other Manufacturing, Manufacturing, Eastman Chemical Company, Form 10-K, Result, Financial condition report, Conversation, GAAP, Sale, EMN, Acquisition, Acetic acid, Analysis, INEOS, Growth, Textile, NYSE, Bank

Eastman Chemical Company (NYSE:EMN) announced it has entered into a definitive agreement to sell its Texas City Operations, located in Texas City, Texas, to INEOS Acetyls, a global manufacturer and supplier of acetic acid and related chemicals owned by the INEOS Group.

Key Points: 
  • Eastman Chemical Company (NYSE:EMN) announced it has entered into a definitive agreement to sell its Texas City Operations, located in Texas City, Texas, to INEOS Acetyls, a global manufacturer and supplier of acetic acid and related chemicals owned by the INEOS Group.
  • Eastman will retain ownership of its plasticizer business at the site, which INEOS will operate for Eastman as part of this agreement.
  • Eastman and INEOS have also entered into a Memorandum of Understanding to explore options for a long-term agreement for supplying vinyl acetate monomer (“VAM”) to Eastman.
  • “Our Texas City Operations is an attractive site with an incredible team of people, and we are pleased that INEOS plans to further invest in and grow the site.

RH Provides an Update Regarding the Proposal to Reimagine and Restore One Ocean Drive Miami Beach

Retrieved on: 
Tuesday, September 26, 2023
Interior Design, Public Policy, Government, Retail, State, Local, Luxury, Residential Building & Real Estate, Construction & Property, Taste, Result, Financial condition report, Tax, COVID, NYSE, City, Analysis, Weather, EPS, Security (finance), Gallery, Transport, Book, Ocean Drive, RH

RH (NYSE: RH) is a curator of design, taste and style in the luxury lifestyle market.

Key Points: 
  • RH (NYSE: RH) is a curator of design, taste and style in the luxury lifestyle market.
  • The company offers collections through its retail galleries, source books and online at RH.com , RHContemporary.com , RHModern.com , RHBabyandChild.com , RHTEEN.com , and Waterworks.com .
  • You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts.
  • Any forward-looking statement made by us in this release speaks only as of the date on which we make it.

The Lovesac Company Announces Notification from Nasdaq Related to Delayed Form 10-Q Filing

Retrieved on: 
Friday, September 22, 2023
Result, Bank statement, Calendar, Financial condition report, Form 10-K, Magazine, LOVE, LoveSac, Notice, Risk, Analysis, Restatements of the Law, Security (finance), WalletHub, Cryptocurrency, Audit

The Restatements are more fully described in the Company’s Current Report on Form 8-K filed on August 16, 2023.

Key Points: 
  • The Restatements are more fully described in the Company’s Current Report on Form 8-K filed on August 16, 2023.
  • Under the Nasdaq Listing Rules, the Company has 60 calendar days (until November 17, 2023) to submit a plan to regain compliance.
  • If Nasdaq does not accept the Company’s plan, then the Company will have the opportunity to appeal that decision to a Nasdaq Hearings Panel.
  • The Company is working diligently to finalize and file the Restatements and the Quarterly Report as soon as possible within the timeline prescribed by Nasdaq.

EnerSys Awarded $92M Long-Term Contract With the United States Navy for Thin Plate Pure Lead (TPPL) Batteries

Retrieved on: 
Monday, September 18, 2023
Government Technology, Security, Manufacturing, Defense, Maritime, Environment, Batteries, Transport, Other Technology, Other Defense, Sustainability, Contracts, Technology, Other Energy, Alternative Energy, Energy, Other Manufacturing, Military, Nuclear, Pessimism, USN, United States Department of Defense, Optimism, Partnership, United States Navy, Senior, Result, Financial condition report, Conversation, ENS, Reform Acts, ICEX: US Navy Mission in Arctic, United States Department of the Navy, Annual report, Analysis, Growth, Security (finance), Bank statement, NYSE, Lithium, EnerSys

EnerSys (NYSE: ENS), the global leader in stored energy solutions for industrial applications, has recently been selected to supply its proprietary Thin Plate Pure Lead (TPPL) batteries to the United States Navy (USN) as main storage batteries on all four classes of USN Nuclear Submarines.

Key Points: 
  • EnerSys (NYSE: ENS), the global leader in stored energy solutions for industrial applications, has recently been selected to supply its proprietary Thin Plate Pure Lead (TPPL) batteries to the United States Navy (USN) as main storage batteries on all four classes of USN Nuclear Submarines.
  • This production contract is a continuation of a supplier relationship in which EnerSys has supplied its TPPL batteries for US Navy submarines for over fifteen years from its highly automated facility in Warrensburg, Missouri.
  • “The mission-critical nature of our energy storage solutions is at the foundation of our partnership with the US Navy.
  • Although EnerSys does not make forward-looking statements unless it believes it has a reasonable basis for doing so, EnerSys cannot guarantee their accuracy.

Jacobs Awarded Design Consultant Contract for Global Logistics Hub in Saudi Arabia

Retrieved on: 
Monday, September 18, 2023
Private sector, Infrastructure Investment and Jobs Act, Result, Risk, Asian Infrastructure Investment Bank, Terminal One, COVID-19, Port, Financial condition report, Conversation, Multimedia, Government, NYSE, Annual report, Analysis, Growth, City, Management, Security (finance), NEOM

DALLAS, Sept. 18, 2023 /PRNewswire/ -- Jacobs (NYSE:J) has been appointed by NEOM Company (NEOM) as the lead design consultant for the Port of NEOM redevelopment project in northwest Saudi Arabia. The project in NEOM's new industrial city Oxagon, will transform the existing facility into a net zero, next-generation global logistics hub.

Key Points: 
  • DALLAS, Sept. 18, 2023 /PRNewswire/ -- Jacobs (NYSE:J) has been appointed by NEOM Company (NEOM) as the lead design consultant for the Port of NEOM redevelopment project in northwest Saudi Arabia.
  • The project in NEOM's new industrial city Oxagon , will transform the existing facility into a net zero, next-generation global logistics hub.
  • The world's first integrated port and supply chain system is expected to be fully automated and operate on 100% renewable energy.
  • The design and construction will incorporate a range of sustainability initiatives, including recovering and reusing materials and structures where possible and using low-carbon steel frames to construct quay walls.

SAIC Announces Appointment of Two New Executive Vice Presidents

Retrieved on: 
Thursday, September 14, 2023
Technology, Other Defense, Contracts, Security, Military, Software, Government Technology, Hardware, Defense, Artificial Intelligence, Data management, Private sector, Computer security, Application, JEDI, Result, Infrastructure, Culture, Financial condition report, CGI Inc., Intelligence, Federal government of the United States, Microsoft, Information technology, Newsroom, CACI, SAIC, Government, SHI International Corp, Cloud computing, Domenico Turitto, American Management Systems, Annual report, Risk, Analysis, Engineering, Comment, Artificial intelligence, The, Air force, Ecosystem, NYSE, News, Department of the Air Force Office of Special Investigations, Enterprise Information Technology Data Repository, Management, Science

“Both are highly accomplished leaders in our industry with strong track records of performance in government and the private sector.

Key Points: 
  • “Both are highly accomplished leaders in our industry with strong track records of performance in government and the private sector.
  • Regulated Industry segment, and oversaw product sales strategy for $10B in local, regional and national government business across 70+ countries.
  • SAIC expressly disclaims any duty to update any forward-looking statement provided in this release to reflect subsequent events, actual results or changes in SAIC’s expectations.
  • SAIC also disclaims any duty to comment upon or correct information that may be contained in reports published by investment analysts or others.

SAIC to Modernize U.S. Space Force Ground Based Radar Maintenance and Sustainment Services

Retrieved on: 
Monday, September 11, 2023
Software, Defense, Contracts, Artificial Intelligence, Engineering, Technology, Aerospace, Manufacturing, Cavalier Space Force Station, Partnership, Result, Culture, Financial condition report, Intelligence, Multimedia, Newsroom, PARCS, SAIC, Space force, NASA, Annual report, Risk, Analysis, Comment, Artificial intelligence, Ecosystem, United States Department of the Air Force, News, Renewable energy, Instrumentation, Risk management, Growth, Space

View the full release here: https://www.businesswire.com/news/home/20230911360807/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20230911360807/en/
    A full view of the Perimeter Acquisition Radar building located at Cavalier Air Force Station in North Dakota.
  • (Photo: Business Wire)
    “SAIC’s continued work with Space Force is a true testament to the valuable support we bring to the agency on its modernization journey,” said Michael LaRouche, president, National Security and Space at SAIC.
  • Through this work, SAIC will help further modernize critical missile warning and space domain awareness radars for key Space Force missions.
  • SAIC continues to provide industry leading Space resiliency efforts with customers including NASA and the U.S. Air Force.

SAIC to Modernize U.S. Space Force Ground Based Radar Maintenance and Sustainment Services

Retrieved on: 
Monday, September 11, 2023
Technology, Other Defense, Contracts, Military, Software, Government Technology, Hardware, Artificial Intelligence, Defense, Partnership, Application, Result, Culture, Financial condition report, Intelligence, Newsroom, PARCS, USSF, SAIC, SHI International Corp, Space force, NASA, Annual report, Risk, Analysis, Engineering, Comment, United States Space Force, Artificial intelligence, Ecosystem, United States Department of the Air Force, Maintenance, NYSE, News, Renewable energy, Risk management, Science, Growth, Space

Science Applications International Corp. (NYSE: SAIC ) today announced that it has been awarded a $574 million contract with the United States Space Force (USSF) to support its Ground Based Radar Maintenance and Sustainment Services (GMASS).

Key Points: 
  • Science Applications International Corp. (NYSE: SAIC ) today announced that it has been awarded a $574 million contract with the United States Space Force (USSF) to support its Ground Based Radar Maintenance and Sustainment Services (GMASS).
  • “SAIC’s continued work with Space Force is a true testament to the valuable support we bring to the agency on its modernization journey,” said Michael LaRouche, president, National Security and Space at SAIC.
  • Through this work, SAIC will help further modernize critical missile warning and Space Domain Awareness radars for key Space Force missions.
  • SAIC continues to provide industry leading Space resiliency efforts with customers including NASA and the U.S. Air Force.

SAIC Announces Appointment of New Board Member

Retrieved on: 
Friday, September 8, 2023
Technology, Other Defense, Engineering, Security, Military, Aerospace, Manufacturing, Artificial Intelligence, Defense, Private sector, JPMorgan Chase, Application, Result, Culture, Financial condition report, International Association, Intelligence, Newsroom, SAIC, Government, SHI International Corp, Transformation, Risk, Annual report, Analysis, U.S. Department of Defense Strategy for Operating in Cyberspace, Comment, Tyco International, Artificial intelligence, Ecosystem, NYSE, News, General Motors, Management, Risk management, Science, BP

Science Applications International Corp. (NYSE: SAIC ) today announced the appointment of veteran government and private sector Global Chief Information Officer Dana Deasy to its Board of Directors, bringing the board’s total membership to eleven.

Key Points: 
  • Science Applications International Corp. (NYSE: SAIC ) today announced the appointment of veteran government and private sector Global Chief Information Officer Dana Deasy to its Board of Directors, bringing the board’s total membership to eleven.
  • “We are delighted to have Dana Deasy join our Board of Directors,” said Donna Morea, SAIC Board Chair.
  • SAIC® is a premier Fortune 500® technology integrator driving our nation’s technology transformation.
  • SAIC also disclaims any duty to comment upon or correct information that may be contained in reports published by investment analysts or others.