Economy

Lithia Motors Reports Record June Used Vehicle Sales Increasing 23% and the Acquisition of Two Additional Locations Expanding National Network

Tuesday, July 7, 2020 - 1:00pm

Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control.

Key Points: 
  • Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control.
  • Therefore, you should not rely on any of these forward-looking statements.
  • Managements Discussion and Analysis of Financial Condition and Results of Operations and in Part I, Item 1A.
  • Risk Factors of our most recent Annual Report on Form 10-K, and from time to time in our other filings with the SEC.

Logistics Leader Visible Supply Chain Management Acquires Dallas-based TriCon to Round Out Its Offering

Tuesday, July 7, 2020 - 2:00pm

Visible Supply Chain Management (Visible), an industry leader in shipping and fulfillment services for small to midsize businesses, today announced it has acquired TriCon, a logistics and fulfillment company based in Dallas, Texas.

Key Points: 
  • Visible Supply Chain Management (Visible), an industry leader in shipping and fulfillment services for small to midsize businesses, today announced it has acquired TriCon, a logistics and fulfillment company based in Dallas, Texas.
  • TriCon, now Visible, will strengthen the company's overall offering to its customers by bringing new expertise in customs brokerage services and international transportation.
  • In addition, Visible CEO Jared Starling was a 2019 CEO of the Year honoree by Utah Business magazine.
  • Since 1992, Visible Supply Chain Management has provided customized solutions for B2B and B2C organizations.

SmartBiz Loans® Survey: Tidal Wave of Demand for Additional Small Business Funding After PPP

Tuesday, July 7, 2020 - 2:00pm

This survey illustrates that there is a tidal wave of demand coming from small business owners for continued access to low-cost capital, says Evan Singer, CEO of SmartBiz Loans.

Key Points: 
  • This survey illustrates that there is a tidal wave of demand coming from small business owners for continued access to low-cost capital, says Evan Singer, CEO of SmartBiz Loans.
  • Also, 48% of the businesses say they intend to apply for additional funding with their PPP lender or primary bank, suggesting there is a large opportunity for banks and PPP lenders to help their small business clients with funding after PPP.
  • 50% of the responses came from SurveyMonkeys national panel of small and medium size business owners and 50% came from an internal sample of SmartBiz small business customers funded with a PPP loan by a bank in the SmartBiz network.
  • SmartBiz Loans (www.smartbizloans.com) is the #1 online platform for traditional SBA 7(a) loans under $350,000 helping banks and their clients streamline the SBA and small business lending process.

Cybersecurity Luminaries from Microsoft, Intuit, Zscaler and Kraft Heinz join YL Ventures’ Growing Venture Advisory Board to Guide Israeli Cybersecurity Startups to Success

Tuesday, July 7, 2020 - 2:00pm

YL Ventures , the prominent seed-stage global venture capital firm investing in Israeli cybersecurity startups, today announced significant expansion of its industry-leading Venture Advisory Board.

Key Points: 
  • YL Ventures , the prominent seed-stage global venture capital firm investing in Israeli cybersecurity startups, today announced significant expansion of its industry-leading Venture Advisory Board.
  • View the full release here: https://www.businesswire.com/news/home/20200707005289/en/
    YL Ventures today announced significant expansion of its industry-leading Venture Advisory Board.
  • (Photo: Business Wire)
    Determined to diversify its talent pool of experts, YL Ventures is especially committed to increasing its representation of women.
  • The Venture Advisory Board, launched in 2018, reflects YL Ventures unique focus on bridging the gap between Israeli innovation and U.S. end markets.

Bulldog Investors Reaches Settlement Agreement with BrandywineGLOBAL-Global Income Opportunities Fund

Tuesday, July 7, 2020 - 1:30pm

Bulldog Investors, LLC (Bulldog) today announced that it has reached a settlement agreement with BrandywineGLOBAL-Global Income Opportunities Fund (NYSE: BWG) regarding shareholder approval of a new management agreement between BWG and Legg Mason Partners Fund Advisor, LLC.

Key Points: 
  • Bulldog Investors, LLC (Bulldog) today announced that it has reached a settlement agreement with BrandywineGLOBAL-Global Income Opportunities Fund (NYSE: BWG) regarding shareholder approval of a new management agreement between BWG and Legg Mason Partners Fund Advisor, LLC.
  • The complete settlement agreement will be included in a filing made with the Securities and Exchange Commission.
  • We are pleased to have reached this agreement with the Board, which is the result of ongoing constructive engagement.
  • Bulldog Investors LLC is an SEC-registered investment adviser that manages Special Opportunities Fund, Inc. (NYSE:SPE), a registered closed-end investment company, and separately managed accounts.

ESMA updates its Q&As on MiFID II and MiFIR transparency - July 2020

Wednesday, July 8, 2020 - 1:05pm

The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, updated today its Questions and Answers regarding transparency issues under the Markets in Financial Instruments Directive (MiFID II) and Regulation (MiFIR).

Key Points: 
  • The European Securities and Markets Authority (ESMA), the EUs securities markets regulator, updated today its Questions and Answers regarding transparency issues under the Markets in Financial Instruments Directive (MiFID II) and Regulation (MiFIR).
  • The new Q&A document provides technical clarifications for the performance of the mandatory systematic internaliser (SI) test.
  • The purpose of this Q&A is to promote a common supervisory approach and practices in the EU on the application of MiFID II and MiFIR, in particular in the performance of the mandatory SI test.
  • ESMA will continue to develop Q&As in the coming months and will review and update them where required.

BitPay Named Atlanta Inno’s “50 on Fire” Winner

Tuesday, July 7, 2020 - 2:30pm

BitPay , the worlds largest provider of Bitcoin and cryptocurrency payment services, today announced the company is one of Atlanta Innos 50 on Fire ( https://www.americaninno.com/atlanta/inno-on-fire-atlanta/meet-atlanta-i... ).

Key Points: 
  • BitPay , the worlds largest provider of Bitcoin and cryptocurrency payment services, today announced the company is one of Atlanta Innos 50 on Fire ( https://www.americaninno.com/atlanta/inno-on-fire-atlanta/meet-atlanta-i... ).
  • Atlanta Inno is celebrating companies like BitPay that are consistently innovating and disrupting traditional markets with technological advancement.
  • For the second year in a row, Atlanta Inno is announcing the 50 people and companies that are crushing it in Atlanta.
  • In selecting BitPay in the Fintech category, Atlanta Inno wrote, Atlanta blockchain payments provider BitPay has grown at a rapid pace in the last two years.

Crédit Agricole Corporate and Investment Bank Arranges the First Green ABCP Note Financing Electric Vehicles in Client Auto Retail Loan and Lease Pools

Tuesday, July 7, 2020 - 2:00pm

Crdit Agricole Corporate and Investment Bank (Credit Agricole CIB) announced today its first issuance of a green Asset-Backed Commercial Paper (ABCP) note, raising USD25 million.

Key Points: 
  • Crdit Agricole Corporate and Investment Bank (Credit Agricole CIB) announced today its first issuance of a green Asset-Backed Commercial Paper (ABCP) note, raising USD25 million.
  • Crdit Agricole CIB understands this to be the industry's first green ABCP note financing electric vehicles (EVs) in client auto loan and lease pools.
  • Further, the green ABCP assets will conform with the Crdit Agricole Corporate Social Responsibility (CSR) policy and contribute to the United Nations Sustainable Development Goals (SDGs) as outlined by the Green Bond Framework.
  • By establishing eligible green asset ABCP financing standards as an Annex within the Crdit Agricole Group Green Bond Framework (Green Bond Framework), and by working with auto finance clients to provide green collateral reporting, the ABCP programs are now able to connect green asset (ESG) investor financing with eligible green assets.

Arch Capital Group Ltd. to Report 2020 Second Quarter Results on July 29, 2020

Tuesday, July 7, 2020 - 2:00pm

Arch Capital Group Ltd. [NASDAQ: ACGL] announced that it expects to release its 2020 second quarter results after the close of regular stock market hours on Wednesday, July 29, 2020.

Key Points: 
  • Arch Capital Group Ltd. [NASDAQ: ACGL] announced that it expects to release its 2020 second quarter results after the close of regular stock market hours on Wednesday, July 29, 2020.
  • The Company will hold a conference call for investors and analysts at 11:00 a.m. Eastern Time on Thursday, July 30, 2020.
  • A live webcast of this call will be available via the Investors section of the Companys website at http://www.archcapgroup.com .
  • Arch Capital Group Ltd., a Bermuda-based company with approximately $13.10 billion in capital at March 31, 2020 provides insurance, reinsurance and mortgage insurance on a worldwide basis through its wholly owned subsidiaries.

C-Tracks ETNs linked to the Miller/Howard MLP Fundamental Index, Series B (MLPE) To Pay Quarterly Coupon

Tuesday, July 7, 2020 - 12:59pm

This coupon reflects the ordinary cash distributions of the MLPs underlying the Miller/Howard MLP Fundamental IndexTM net of fees over this past quarter.

Key Points: 
  • This coupon reflects the ordinary cash distributions of the MLPs underlying the Miller/Howard MLP Fundamental IndexTM net of fees over this past quarter.
  • Based on their closing price on July 6, 2020 and the declared quarterly coupon, the annualized indicated yield of the ETN is 10.78%.
  • The annualized indicated yield is equal to the declared quarterly coupon multiplied by four, divided by the closing price of the ETN on July 6, 20201.
  • The price of the ETN may decline, resulting in a negative total return to an investor even if the ETN continues to pay a quarterly coupon.