NYSE

AM Best Affirms Credit Ratings of Federated Underwriting Company

Retrieved on: 
Friday, January 13, 2023

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Federated Underwriting Company (Federated) (Colchester, VT).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Federated Underwriting Company (Federated) (Colchester, VT).
  • The ratings also reflect the credit enhancement received from its ultimate parent, State Street Corporation (State Street) [NYSE: STT].
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

SHAREHOLDER ACTION ALERT: The Schall Law Firm Encourages Investors in Southwest Airlines Co. with Losses of $100,000 to Contact the Firm

Retrieved on: 
Friday, January 13, 2023

Investors who purchased the Company's securities between June 13, 2020 and December 31, 2022, inclusive (the ''Class Period''), are encouraged to contact the firm before March 13, 2023.

Key Points: 
  • Investors who purchased the Company's securities between June 13, 2020 and December 31, 2022, inclusive (the ''Class Period''), are encouraged to contact the firm before March 13, 2023.
  • If you are a shareholder who suffered a loss, click here to participate .
  • We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge.
  • The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

Madison Square Garden Entertainment Corp. Confidentially Files Amended Form 10 Registration Statement for Proposed Spin-off of Live Entertainment Business

Retrieved on: 
Friday, January 13, 2023

The Company has confidentially submitted an Amended Form 10 Registration Statement with the U.S. Securities and Exchange Commission (“SEC”) for the proposed transaction and anticipates filing a publicly available Amended Form 10 Registration Statement with the SEC in February.

Key Points: 
  • The Company has confidentially submitted an Amended Form 10 Registration Statement with the U.S. Securities and Exchange Commission (“SEC”) for the proposed transaction and anticipates filing a publicly available Amended Form 10 Registration Statement with the SEC in February.
  • In addition, the Company expects to complete the spin-off by the end of March 2023.
  • As previously announced, the revised transaction would be structured as a tax-free spin-off to all MSGE shareholders.
  • Completion of the transaction remains subject to various conditions, including effectiveness of the Amended Form 10 Registration Statement, certain league and other approvals, receipt of a tax opinion from counsel and final Board approval.

Equity Commonwealth Declares Series D Preferred Dividend

Retrieved on: 
Friday, January 13, 2023

Equity Commonwealth (NYSE: EQC) announced today that its Board of Trustees declared a dividend on the company’s Series D Preferred Shares.

Key Points: 
  • Equity Commonwealth (NYSE: EQC) announced today that its Board of Trustees declared a dividend on the company’s Series D Preferred Shares.
  • A quarterly dividend of $0.40625 per Series D Preferred Share will be paid on February 15, 2023 to shareholders of record on January 31, 2023 for the period from November 15, 2022 through February 14, 2023.

ASE’s Bumping Factory in Kaohsiung, Taiwan inducted into the World Economic Forum’s Global Lighthouse Network

Retrieved on: 
Saturday, January 14, 2023

ASE’s bumping factory in Kaohsiung is amongst the 18 GLN sites announced by the WEF on January 13th, joining the ranks of 132 leading manufacturers.

Key Points: 
  • ASE’s bumping factory in Kaohsiung is amongst the 18 GLN sites announced by the WEF on January 13th, joining the ranks of 132 leading manufacturers.
  • The increasing complexity of semiconductor chip manufacturing processes characterized by market disruptions in supply and demand, had caused unprecedented challenges for ASE Kaohsiung’s bumping factory.
  • “We are extremely excited to join the ranks of 132 leading companies in the Global Lighthouse Network.
  • We hope to inspire more industry players to contribute to building a resilient global smart manufacturing ecosystem and accelerate digital transformation,” he continued.

AM Best Affirms Credit Ratings of MetLife, Inc. and Most of Its Life/Health Subsidiaries

Retrieved on: 
Friday, January 13, 2023

The outlook of these Credit Ratings (ratings) is stable.

Key Points: 
  • The outlook of these Credit Ratings (ratings) is stable.
  • In addition, AM Best has assigned a Long-Term IR of “a-” (Excellent) to MetLife’s newly issued $1 billion, 5.25% senior unsecured notes, due 2054.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

Wipro Announces Third Quarter Results, Delivers Record Total Bookings

Retrieved on: 
Friday, January 13, 2023

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology services and consulting company, announced financial results under International Financial Reporting Standards (IFRS) for the quarter ended December 31, 2022.

Key Points: 
  • Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology services and consulting company, announced financial results under International Financial Reporting Standards (IFRS) for the quarter ended December 31, 2022.
  • Our Total Bookings were over $4.3 billion, led by solid large deal signings of over $1 billion.
  • We improved our margins by 120 basis points and our attrition moderated for the fourth quarter in a row.
  • Clients are turning to us to help them manage an evolving macro environment and balance their transformation goals with cost optimization.

JPMorgan Chase Reports Fourth-Quarter and Full-Year 2022 Financial Results

Retrieved on: 
Friday, January 13, 2023

JPMorgan Chase & Co. has released its fourth-quarter and full-year 2022 financial results.

Key Points: 
  • JPMorgan Chase & Co. has released its fourth-quarter and full-year 2022 financial results.
  • JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America (“U.S.”), with operations worldwide.
  • JPMorgan Chase had $3.7 trillion in assets and $292 billion in stockholders’ equity as of December 31, 2022.
  • The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management.

SatixFy Appoints Ido Gur as Its New Chief Executive Officer

Retrieved on: 
Friday, January 13, 2023

SatixFy Communications Ltd. (“SatixFy”) (NYSE AMERICAN: SATX), a leader in next-generation satellite communication systems based on in-house-developed chipsets, today announced that Mr. Ido Gur has been appointed Chief Executive Officer of SatixFy by the Company’s Board of Directors, replacing Mr. David Ripstein, effective January 15th.

Key Points: 
  • SatixFy Communications Ltd. (“SatixFy”) (NYSE AMERICAN: SATX), a leader in next-generation satellite communication systems based on in-house-developed chipsets, today announced that Mr. Ido Gur has been appointed Chief Executive Officer of SatixFy by the Company’s Board of Directors, replacing Mr. David Ripstein, effective January 15th.
  • Mr. Gur brings more than 20 years of extensive senior management experience in a range of industries, including telecommunications, mobile, networking, wireless and RF communications.
  • Prior to SatixFy, he served as CEO of Saguna, an early-stage edge cloud computing company and led the company to be successfully acquired.
  • "I am very excited to join the SatixFy team," commented Mr. Gur, SatixFy’s incoming CEO.

The Law Offices of Frank R. Cruz Announces the Filing of a Securities Class Action on Behalf of Southwest Airlines Co. (LUV) Investors

Retrieved on: 
Friday, January 13, 2023

The Law Offices of Frank R. Cruz announces that a class action lawsuit has been filed on behalf of persons and entities that purchased or otherwise acquired Southwest Airlines Co. (“Southwest Airlines” or the “Company”) (NYSE: LUV ) securities between June 13, 2020 and December 31, 2022, inclusive (the “Class Period”).

Key Points: 
  • The Law Offices of Frank R. Cruz announces that a class action lawsuit has been filed on behalf of persons and entities that purchased or otherwise acquired Southwest Airlines Co. (“Southwest Airlines” or the “Company”) (NYSE: LUV ) securities between June 13, 2020 and December 31, 2022, inclusive (the “Class Period”).
  • Southwest Airlines investors have until March 13, 2023 to file a lead plaintiff motion.
  • On December 22, 2022, Southwest Airlines began to cancel flights in the aftermath of a winter storm.
  • If you purchased Southwest Airlines securities during the Class Period, you may move the Court no later than March 13, 2023 to ask the Court to appoint you as lead plaintiff.