Economy of the United States

Titan Medical to Present at the Benzinga Global Small Cap Conference

Thursday, December 3, 2020 - 12:30pm

Titan Medical Inc. (Titan or the Company) (TSX: TMD) (Nasdaq: TMDI), a medical device company focused on the design and development of surgical technologies for robotic single access surgery, announced today that David McNally, President, CEO and Chairman of Titan Medical, will present an overview of the Company and its Enos single access surgical system to a live virtual audience at the Benzinga Global Small Cap Conference on Wednesday, December 9, 2020 at 1:30 p.m.

Key Points: 
  • Titan Medical Inc. (Titan or the Company) (TSX: TMD) (Nasdaq: TMDI), a medical device company focused on the design and development of surgical technologies for robotic single access surgery, announced today that David McNally, President, CEO and Chairman of Titan Medical, will present an overview of the Company and its Enos single access surgical system to a live virtual audience at the Benzinga Global Small Cap Conference on Wednesday, December 9, 2020 at 1:30 p.m.
  • Benzinga is a financial media company providing syndicated content to 70 partner websites, including Yahoo!
  • Dedicated to making information easier to consume, Benzinga is hosting its inaugural Global Small Cap Conference to help bridge the gap between publicly traded companies, investors, and traders, enabling small-cap companies to network and communicate with a broad and diverse investor base.
  • Titan Medical Inc., a medical device company headquartered in Toronto, is focused on developing robotic assisted technologies for application in single access surgery.

McKesson Launches Ontada, an Oncology Technology and Insights Business Dedicated to Help Advance Cancer Research and Care

Thursday, December 3, 2020 - 12:15pm
Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20201203005107/en/
    Ontada reflects McKessons continued commitment and investment in the oncology community, said Brian Tyler, chief executive officer, McKesson.
  • With the launch of Ontada, we can now build upon our differentiated assets in oncology and deliver innovative solutions that help improve patient outcomes.
  • Ontada is uniquely positioned to advance cancer care by enabling deep collaboration between life sciences companies and oncology providers.
  • Ontada is an oncology technology and insights business dedicated to transforming the fight against cancer.

3M to Advance Operating Model, Improve Cost Structure, and Accelerate Innovation

Thursday, December 3, 2020 - 11:30am

"At the same time, we are seeing significant opportunities from our new operating model which we launched at the start of the year.

Key Points: 
  • "At the same time, we are seeing significant opportunities from our new operating model which we launched at the start of the year.
  • In January 2020, 3M launched a new global operating model a significant step in the company's transformation which has evolved the way 3M works, enabling the company to be more customer focused and responsive, helping 3M to lead during the pandemic.
  • With the actions 3M is announcing today, the company will further enhance its operations and marketing capabilities.
  • At 3M, we apply science in collaborative ways to improve lives daily as our employees connect with customers all around the world.

Berkshire Hathaway Inc. News Release

Thursday, December 3, 2020 - 11:45am

The 2021 Berkshire Hathaway Inc.

Key Points: 
  • The 2021 Berkshire Hathaway Inc.
  • Therefore, the format for the 2021 meeting will be very similar to the virtual meeting that we held earlier this year including worldwide streaming provided by Yahoo.
  • We hope that the 2021 meeting will be the last time that shareholders are unable to attend in person.
  • Berkshire Hathaway and its subsidiaries engage in diverse business activities including insurance and reinsurance, utilities and energy, freight rail transportation, manufacturing, retailing and services.

Armada Hoffler Properties Announces Joint Venture to Develop & Build New Global Headquarters for T. Rowe Price at Harbor Point

Thursday, December 3, 2020 - 11:00am

Beatty is the lead developer of the joint venture and Armada Hoffler is the noncontrolling equity partner and general contractor for the build-to-suit project.

Key Points: 
  • Beatty is the lead developer of the joint venture and Armada Hoffler is the noncontrolling equity partner and general contractor for the build-to-suit project.
  • The T. Rowe Price site is adjacent to Armada Hofflers existing Harbor Point assets: the Wills Wharf office building, the Thames Street Wharf office building, and 1405 Point apartments.
  • T. Rowe Price plans to relocate its downtown Baltimore operations to Harbor Point in the first half of 2024.
  • T. Rowe Price further validates Harbor Point as a top tier destination for world-class companies, said Lou Haddad, President & CEO of Armada Hoffler Properties.

Chevron Announces Leadership Changes

Wednesday, December 2, 2020 - 11:30pm

Chevron Corporation (NYSE: CVX) today named Al Williams vice president of corporate affairs, effective March 1, 2021.

Key Points: 
  • Chevron Corporation (NYSE: CVX) today named Al Williams vice president of corporate affairs, effective March 1, 2021.
  • He will report to Chevron Chairman and CEO Michael Wirth.
  • Al will be a valued addition to our leadership team at a time of increasing regulatory, social and political complexity for all our businesses.
  • Chevron is based in San Ramon, Calif. More information about Chevron is available at www.chevron.com .

Scott+Scott Attorneys at Law LLP Continues Investigation of United Services Automobile Association’s Directors and Officers for Breach of Fiduciary Duties – USAA

Wednesday, December 2, 2020 - 10:15pm

Scott+Scott Attorneys at Law LLP (Scott+Scott), an international securities and consumer rights litigation firm, continues its investigation into whether certain directors and officers of United Services Automobile Association (USAA) breached their fiduciary duties to USAA and its members.

Key Points: 
  • Scott+Scott Attorneys at Law LLP (Scott+Scott), an international securities and consumer rights litigation firm, continues its investigation into whether certain directors and officers of United Services Automobile Association (USAA) breached their fiduciary duties to USAA and its members.
  • If you are a USAA member, you may contact attorney Joe Pettigrew for additional information toll-free at 844-818-6982 or jpettigrew@scott-scott.com .
  • Scott+Scott is investigating whether USAAs board of directors or senior management failed to manage USAA in an acceptable manner, in breach of their fiduciary duties to USAA, and whether USAA has suffered damages as a result.
  • If you are a USAA member, you may have legal claims against USAAs directors and officers.

Investors Bancorp to Acquire 8 Berkshire Bank Branches in New Jersey and Eastern Pennsylvania

Wednesday, December 2, 2020 - 9:45pm

SHORT HILLS, N.J., Dec. 2, 2020 /PRNewswire/ -- Investors Bancorp, Inc. ("Investors") (NASDAQ:ISBC) today announced the signing of a definitive purchase agreement under which Investors' wholly-owned subsidiary, Investors Bank, will acquire the eight New Jersey and eastern Pennsylvania branches of Berkshire Bank, the wholly-owned subsidiary of Berkshire Hills Bancorp, Inc., with approximately $639 million of deposits and $308 million of consumer and commercial loans.

Key Points: 
  • SHORT HILLS, N.J., Dec. 2, 2020 /PRNewswire/ -- Investors Bancorp, Inc. ("Investors") (NASDAQ:ISBC) today announced the signing of a definitive purchase agreement under which Investors' wholly-owned subsidiary, Investors Bank, will acquire the eight New Jersey and eastern Pennsylvania branches of Berkshire Bank, the wholly-owned subsidiary of Berkshire Hills Bancorp, Inc., with approximately $639 million of deposits and $308 million of consumer and commercial loans.
  • In addition, four of the branches are located within 2.5 miles of an Investors Bank branch.
  • "We are also pleased to expand our branch footprint and add two branches in affluent Pennsylvania markets."
  • Investors Bancorp, Inc. is the holding company for Investors Bank, which as of September 30, 2020 operated from its corporate headquarters in Short Hills, New Jersey and 155 branches located throughout New Jersey and New York.

DTE Energy sets 2021 annual meeting date

Wednesday, December 2, 2020 - 9:24pm

Detroit, Dec. 02, 2020 (GLOBE NEWSWIRE) -- DETROIT, Dec. 2, 2020 The DTE Energy (NYSE: DTE) Board of Directors today announced that its 2021 Annual Meeting of Common Stock Shareholders will be Thursday, May 20.

Key Points: 
  • Detroit, Dec. 02, 2020 (GLOBE NEWSWIRE) -- DETROIT, Dec. 2, 2020 The DTE Energy (NYSE: DTE) Board of Directors today announced that its 2021 Annual Meeting of Common Stock Shareholders will be Thursday, May 20.
  • Shareholders of record at the close of business March 23, 2021 are eligible to vote at the meeting.
  • DTE Energy (NYSE: DTE) is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services nationwide.
  • The DTE portfolio includes energy businesses focused on power and industrial projects; renewable natural gas; natural gas pipelines, gathering and storage; and energy marketing and trading.

XPO Logistics Announces Plan to Spin Off Logistics Segment to Its Shareholders

Wednesday, December 2, 2020 - 9:15pm

GREENWICH, Conn., Dec. 02, 2020 (GLOBE NEWSWIRE) -- XPO Logistics, Inc. (NYSE: XPO) (XPO) today announced that its board of directors has unanimously approved a plan to pursue a spin-off of 100% of its logistics segment as a separate publicly traded company.

Key Points: 
  • GREENWICH, Conn., Dec. 02, 2020 (GLOBE NEWSWIRE) -- XPO Logistics, Inc. (NYSE: XPO) (XPO) today announced that its board of directors has unanimously approved a plan to pursue a spin-off of 100% of its logistics segment as a separate publicly traded company.
  • XPO intends to structure the spin-off as a transaction that is tax-free to XPO shareholders and would result in XPO shareholders owning stock in both companies.
  • We currently believe that this spin-off is the most effective way to unlock significant value for our customers, employees and shareholders.
  • XPO Logistics, Inc. (NYSE: XPO) is a top ten global logistics provider of cutting-edge supply chain solutions to the most successful companies in the world.