CB

Ecopetrol issues statement regarding the restructuring of McDermott International, counterparty to Refinería de Cartagena S.A.S. in arbitration proceeding

Retrieved on: 
Monday, September 11, 2023
Permian, International, Engineering, Telecommunications, CB, Construction, EPC, Lawyer, McDermott International, XM, McDermott, Acquisition, Gulf of Mexico, ISA, International Chamber of Commerce, United Kingdom, Growth, Transport, CB&I, Behavior, Commerce, Practice of law

In a unanimous decision, the arbitration tribunal ordered CB&I to pay Refinería de Cartagena S.A.S.

Key Points: 
  • In a unanimous decision, the arbitration tribunal ordered CB&I to pay Refinería de Cartagena S.A.S.
  • USD 1,008 million plus interest accrued from December 31, 2015, for breach of its project planning and cost obligations under the EPC Contract.
  • condemns McDermott International's statements, which obstructs compliance with the the award issued by the highest commercial arbitration tribunal.
  • Simultaneously, it will actively participate in McDermott International's corporate restructuring processes in these countries to defend its interests.

MCDERMOTT ANNOUNCES TRANSACTION SUPPORT AGREEMENT WITH KEY FINANCIAL STAKEHOLDERS TO POSITION COMPANY FOR LONG-TERM SUCCESS

Retrieved on: 
Friday, September 8, 2023
PJT Partners, Line of credit, Equity, Credit Suisse, Security (finance), NautaDutilh, Alvarez and Marsal, McDermott International, Commerce, Agreement, Wardwell, Linklaters, Letter, LC, Bracewell LLP, McDermott, Work, Intend, Credit, Safety, LLP, International, Kirkland & Ellis, CB, Carbon, McKelvy, International Chamber of Commerce, CB&I, Companies Act 2006, TSA, FTI Consulting, Part, Loyens & Loeff, ICC, Weil, Gotshal & Manges, Republic, Good, Bracewell, Contract bridge

To implement the Agreement, McDermott International Holdings B.V. and Lealand Finance Company B.V. will initiate procedures in the Netherlands under the Dutch Act on Confirmation of Extrajudicial Plans (Wet Homologatie Onderhands Akkoord or "WHOA").

Key Points: 
  • To implement the Agreement, McDermott International Holdings B.V. and Lealand Finance Company B.V. will initiate procedures in the Netherlands under the Dutch Act on Confirmation of Extrajudicial Plans (Wet Homologatie Onderhands Akkoord or "WHOA").
  • CB&I UK Limited will initiate a Restructuring Plan under Part 26A of the Companies Act 2006 (UK) in England.
  • McDermott International Holdings B.V., Lealand Finance Company B.V., and CB&I UK Limited are the only McDermott entities named in these proceedings.
  • "We are pleased to have reached this agreement with our key stakeholders, which demonstrates their confidence in the long-term strength and sustainability of our business.

CB&I Receives Approval for Liquid Hydrogen Cargo Containment System for Gas Carriers from DNV

Retrieved on: 
Wednesday, August 30, 2023
Hydrogen, Shell, Equipment, Senior, International Maritime Organization, International Code of the Construction and Equipment of Ships Carrying Liquefied Gases in Bulk, AIP, Classification, CB, Construction, Houlder Line, Risk assessment, Ship, HAZID, McDermott, IMO, DNV, LH2, Green hydrogen, Carriage, CB&I, Hazard analysis, Safety, Natural gas, Renewable energy

HOUSTON, Aug. 30, 2023 /PRNewswire/ -- CB&I, McDermott's storage business, has received Approval in Principle (AiP) for its design of a liquid hydrogen (LH2) cargo containment system from DNV, a leading classification society for shipping.

Key Points: 
  • HOUSTON, Aug. 30, 2023 /PRNewswire/ -- CB&I, McDermott's storage business, has received Approval in Principle (AiP) for its design of a liquid hydrogen (LH2) cargo containment system from DNV, a leading classification society for shipping.
  • The AiP confirms that the containment system aligns with applicable safety standards.
  • "Through collaboration with Shell and DNV, we're making large scale liquid hydrogen storage and transport more economical," said Cesar Canals, Senior Vice President of CB&I.
  • The cargo containment system was integrated into a concept vessel design developed by Houlder, which includes a hull that is optimized for the low-density cargo around the three large tanks.

ASCEND RECOGNIZED AS A "TOP 50 MOST PROMISING INSURTECH STARTUP" BY CB INSIGHTS

Retrieved on: 
Thursday, August 24, 2023
Insurance, CB Insights, Ecosystem, Partnership, NFP, Fintech, SAN, CB, Automation, Financial services, Ascend

SAN FRANCISCO, Aug. 24, 2023 /PRNewswire/ -- Ascend , the leading financial operations automation platform, proudly announced is inclusion in CB Insights ' distinguished 2023 Insurtech 50 list.

Key Points: 
  • SAN FRANCISCO, Aug. 24, 2023 /PRNewswire/ -- Ascend , the leading financial operations automation platform, proudly announced is inclusion in CB Insights ' distinguished 2023 Insurtech 50 list.
  • As one of the 50 most promising private insurtech companies worldwide, Ascend has been recognized for its innovative approach in modernizing the financial and payments infrastructure within the insurance industry.
  • The accolade from CB Insights underscores Ascend's commitment to revolutionizing insurance processes through automation and digitization.
  • "We're thrilled to be acknowledged by CB Insights as a top 50 most promising insurtech startup for our work modernizing insurance's financial infrastructure," said Andrew Wynn, co-CEO of Ascend.

Jury Awards Austin Family $3.1 Million in Toxic Home Case

Retrieved on: 
Thursday, August 17, 2023
Well, COVID-19, Water damage, MB, CB, Next friend, PLLC, Rot, Lawyer, Ventilation, Judgement, Vance v. Terrazas, HVAC, Humidity, District court, Water, Air conditioning, Growth, Heat, Poisoning, EB, Family, SB, Heating, ventilation, and air conditioning, Tobacco, Ted Baehr

The jury in the 353rd District Court found that a homebuilder, a roofing company, and an HVAC company were negligent in the construction of the home.

Key Points: 
  • The jury in the 353rd District Court found that a homebuilder, a roofing company, and an HVAC company were negligent in the construction of the home.
  • The Baehr family is represented by Kevin Terrazas, of Terrazas PLLC in Austin, and Robert McKee, of The McKee Law Group in Florida.
  • Kristina and Evan Baehr said, "We're thankful that this verdict and the pending settlements will help our family continue to heal.
  • We brought this case not only for our own family but for all those who have been poisoned by the negligence of companies that turn a blind eye to toxic exposure they create.

Midland Radio Launches Heavy-Duty and Waterproof Speakers for Clear Communication

Retrieved on: 
Wednesday, August 16, 2023
Communication, Durability, Environment, Radio, CB, Cassette tape, RV, Midland Radio

KANSAS CITY, Mo., Aug. 16, 2023 /PRNewswire/ -- Today, Midland Radio, leader in two-way radio communication technology, announced the highly anticipated release of two heavy-duty speakers. The 20 Watt SPK100 External Speaker and 20 Watt SPK200 Amplified External Speaker are meticulously engineered to ensure impeccable sound quality, seamless communication, and durability in harsh environments.

Key Points: 
  • New 20-Watt Speakers are Durable, Versatile, and Noise-Canceling to Ensure Crisp Sound in Loud, Rugged Environments
    KANSAS CITY, Mo., Aug. 16, 2023 /PRNewswire/ -- Today, Midland Radio , leader in two-way radio communication technology, announced the highly anticipated release of two heavy-duty speakers.
  • With waterproof protection, these speakers are ideal for challenging environments including farm work, off-road adventures, RV trips, marine use, and loud construction sites.
  • The SPK100 and SPK200 are compatible with the MicroMobile Radio line and CB Two-Way Radios as well as other two-way radios with a 3.5mm output, ensuring seamless integration into existing Midland Radio communication systems.
  • "Our new external speakers are specifically designed and engineered to empower users to achieve consistent communication even in the most demanding environments," said Lisa Pruetting, product manager at Midland Radio.

Quod Financial - The single sell-side trading solution for every desk

Retrieved on: 
Monday, August 14, 2023
ORF, UI, Futures, ADR, CB, ISO, FIX, Cat, Quod, CBS, PNL, TRACE, FX, Microsoft Excel, Convertible, Pref. Art Museum Station, CAT, TRF

Building upon its existing presence, Quod Financial is committed to delivering cutting-edge trading solutions to meet the unique needs and demands of the US market.

Key Points: 
  • Building upon its existing presence, Quod Financial is committed to delivering cutting-edge trading solutions to meet the unique needs and demands of the US market.
  • -  Full US regulatory compliance including TRF, ORF, TRACE, CAT
    "Imagine all your vendors were replaced with a single multi-asset, multi-desk solution on the cutting edge of technology.
  • Quod offers fully automated FX Hedging, ensuring seamless currency risk management for clients engaging in ADR trading.
  • For more information about Quod Financial's US-specific features and its comprehensive suite of trading technology solutions, please visit https://www.quodfinancial.com/us-trading-solution/ .

Hippocratic AI Named to the 2023 CB Insights GenAI 50 List of Most Innovative Generative AI Startups

Retrieved on: 
Tuesday, August 8, 2023
Learning, Gen, Life, Entertainment, Health, CB, LLM, Vocabulary, Synthetic media, API, CB Insights, Research, Hippocrates, Patient, Drug discovery, Entrepreneurship, AI, R, Medical device, Mosaic

NEW YORK, Aug. 08, 2023 (GLOBE NEWSWIRE) -- CB Insights today named Hippocratic AI to its first annual GenAI 50 ranking , a list of the world’s top 50 most innovative companies developing generative AI applications and infrastructure across industries.

Key Points: 
  • NEW YORK, Aug. 08, 2023 (GLOBE NEWSWIRE) -- CB Insights today named Hippocratic AI to its first annual GenAI 50 ranking , a list of the world’s top 50 most innovative companies developing generative AI applications and infrastructure across industries.
  • "Generative AI has created a paradigm shift in how companies innovate, and our first ever GenAI 50 cohort is leading the way,” said Deepashri Varadharajan, Director of AI research at CB Insights.
  • Generative AI is the technology that will bring this vision to life,” said Munjal Shah, Co-Founder and CEO of Hippocratic AI.
  • Quick facts on the 2023 GenAI 50:
    Unicorns: There are 11 companies with $1B+ valuations on the list.

International SOS Hires Former British Army Lieutenant General as Chair – International Security Advisory Board

Retrieved on: 
Wednesday, August 2, 2023
Other Defense, Security, Other Professional Services, Technology, Human Resources, Consulting, Other Travel, Professional Services, General Health, Travel, Defense, Other Transport, Transport, Logistics, Supply Chain Management, Health, Airborne, International, Indian Army Public Schools, Senior, Army, CB, UK MOD, Defence Staff, General officer commanding, Rapid Intervention / High Readiness Brigade, National Security Adviser (United Kingdom), Assistant, Tracker, SOS, State, 16 Air Assault Brigade Combat Team, Access, International SOS, CBE, Hill, Employment agency, Management, Financial adviser

International SOS has announced a key new security hire, Giles Hill, as Chair – International Security Advisory Board.

Key Points: 
  • International SOS has announced a key new security hire, Giles Hill, as Chair – International Security Advisory Board.
  • He will be responsible for leading the International SOS Board of Senior Security Advisers and guiding the evolution of International SOS’ security services.
  • The security talent at International SOS is exceptional and I look forward to working with the best in our industry.” Comments Giles Hill, Chair – International Security Advisory Board, International SOS.
  • The role of International SOS’ International Security Advisory Board is to distil and channel market and client feedback.

CB Financial Services, Inc. Announces Second Quarter and Year-to-Date 2023 Financial Results and Declares Quarterly Cash Dividend

Retrieved on: 
Friday, July 28, 2023
Banking, Professional Services, Finance, NIM, Insurance, Lender option borrower option, Employment, Use, Interest, FHLB, Share repurchase, Federal, CB, Current Expected Credit Losses, FDIC, GAAP, Sale, Federal Reserve, Investment, FTE, CECL, Intangibles, Community Bank, Growth, EPS, Bank, ASU, ACL, CRE, Environment, Comparison, C&I, Press release, Instrument, Cryptocurrency, Life insurance, Pharmaceutical industry, Holding company, Real estate, EU

Book value per share was $22.81, compared to $22.90 as of March 31, 2023 and $21.60 as of December 31, 2022.

Key Points: 
  • Book value per share was $22.81, compared to $22.90 as of March 31, 2023 and $21.60 as of December 31, 2022.
  • Tangible book value per share (Non-GAAP) was $20.39, compared to $20.40 as of March 31, 2023 and $19.00 as of December 31, 2022.
  • President and CEO John H. Montgomery stated, “Our second quarter results demonstrated the durability of both our franchise and the community bank model in general.
  • We also declared and paid a $0.25 cash dividend during the quarter while allowing our previous share repurchase program to expire.