Pacific typhoon season

Brookfield to Acquire the Lottery Business of Scientific Games Corporation

Thursday, October 28, 2021 - 12:43am

See Risks Associated with the COVID-19 Pandemic in the Risks Factors section included in our Managements Discussion and Analysis of Financial Condition and Results of Operations in our Form 20-F for the year ended December 31, 2020.

Key Points: 
  • See Risks Associated with the COVID-19 Pandemic in the Risks Factors section included in our Managements Discussion and Analysis of Financial Condition and Results of Operations in our Form 20-F for the year ended December 31, 2020.
  • We caution that the foregoing list of important factors that may affect future results is not exhaustive.
  • When relying on our forward-looking statements, investors and others should carefully consider the foregoing factors and other uncertainties and potential events.
  • Except as required by law, Brookfield Business Partners undertakes no obligation to publicly update or revise any forward-looking statements or information, whether written or oral, that may be as a result of new information, future events or otherwise.

Partners Value Investments LP Announces Substantial Issuer Bid

Wednesday, October 27, 2021 - 10:15pm

TORONTO, Oct. 27, 2021 (GLOBE NEWSWIRE) -- Partners Value Investments LP (the Partnership or PVI LP, TSXV: PVF.UN TSXV: PVF.PR.U) announced today it intends to undertake a substantial issuer bid (the "Offer'') to exchange up to 8,000,000 of its Equity Limited Partnership Units (the Equity LP Units) for either, per Equity LP Unit, (A) US$43.75 cash and 1.05 newly issued Preferred Limited Partnership Units (the PVI LP Consideration Units) in the capital of PVI LP with a redemption price of US$26.25 (subject to a maximum of 5,800,000 Equity LP Units) (Option A) or, as an alternative, (B) 2.80 newly issued PVI LP Consideration Units with a redemption price of US$70 or, in the case of holders of Equity LP Units that are eligible Canadian corporations, 2.70 newly issued Preferred Limited Partnership Units (the SIB LP Consideration Units) in the capital of an indirect wholly-owned subsidiary of the Partnership with a redemption price of US$67.50 (subject to a maximum of 2,200,000 Equity LP Units) (Option B).

Key Points: 
  • TORONTO, Oct. 27, 2021 (GLOBE NEWSWIRE) -- Partners Value Investments LP (the Partnership or PVI LP, TSXV: PVF.UN TSXV: PVF.PR.U) announced today it intends to undertake a substantial issuer bid (the "Offer'') to exchange up to 8,000,000 of its Equity Limited Partnership Units (the Equity LP Units) for either, per Equity LP Unit, (A) US$43.75 cash and 1.05 newly issued Preferred Limited Partnership Units (the PVI LP Consideration Units) in the capital of PVI LP with a redemption price of US$26.25 (subject to a maximum of 5,800,000 Equity LP Units) (Option A) or, as an alternative, (B) 2.80 newly issued PVI LP Consideration Units with a redemption price of US$70 or, in the case of holders of Equity LP Units that are eligible Canadian corporations, 2.70 newly issued Preferred Limited Partnership Units (the SIB LP Consideration Units) in the capital of an indirect wholly-owned subsidiary of the Partnership with a redemption price of US$67.50 (subject to a maximum of 2,200,000 Equity LP Units) (Option B).
  • Unitholders should carefully read the Offer Documents prior to making a decision with respect to the Offer.
  • The Offer will not be conditional upon any minimum number of Equity Units being tendered, provided that the ability of Canadian eligible corporations to elect Option B will be subject to a minimum of 285,000 Equity LP Units electing such option.
  • When relying on the Partnerships forward-looking statements and information, investors and others should carefully consider the foregoing factors and other uncertainties and potential events.

Murphy USA Inc. Announces Dividend Increase

Wednesday, October 27, 2021 - 9:30pm

The Board of Directors of Murphy USA Inc. (NYSE: MUSA) today declared a quarterly cash dividend on the Common Stock of Murphy USA Inc. of $0.29 per share, or $1.16 per share on an annualized basis.

Key Points: 
  • The Board of Directors of Murphy USA Inc. (NYSE: MUSA) today declared a quarterly cash dividend on the Common Stock of Murphy USA Inc. of $0.29 per share, or $1.16 per share on an annualized basis.
  • As business conditions allow, our goal is to increase the cash allocation to dividend distributions by roughly 10% annually for at least the next five years.
  • Murphy USA (NYSE: MUSA) is a leading retailer of gasoline and convenience merchandise with more than 1,650 stations located primarily in the Southwest, Southeast, Midwest, and Northeast United States.
  • Murphy USA undertakes no obligation to update or revise any forward-looking statements to reflect subsequent events, new information or future circumstances.

Climate Change—Pandemic Drive Standby Generator Sales at Norwall

Wednesday, October 27, 2021 - 8:01pm

Lake Havasu City, AZ, Oct. 27, 2021 (GLOBE NEWSWIRE) -- Climate Change and the Global Pandemic came together between 2019 and 2021 to push generator sales into record territory. Home generator models, once stocked for immediate shipment, now take weeks or months to reach company warehouses as manufacturers struggle to meet demand. A recent Norwall News article, ‘The Climate Change and COVID Pandemic Perfect Storm’ detailed standby generator supply chain woes from manufacturer to homeowner. In 2019, Pacific Gas & Electric began cutting power to hundreds of thousands of California utility customers to prevent their aging equipment from starting more wildfires. Many homeowners responded with a new backup generator installation. Then the 2020 COVID pandemic hit and a large segment of the workforce began working from home. Outages that previously went unnoticed became a problem. The most sought-after solution? A whole house standby generator system that restores power automatically in a few seconds. A standby generator transfer switch bundle is the easiest and most popular to order.Many companies found that Working from Home lowers costs and improves employee productivity, while fewer commutes reduce CO2 emissions. As a result, more people recognize the advantage of a Home Standby Generator system because it allows them to keep working through a power outage.Many cite climate change as the cause of the record-breaking 2020 Atlantic Hurricane Season, which prompted homeowners to prepare with a home backup generator system. It’s easier to stay home and stay safe during a pandemic, even in a hurricane, if you have power.In February 2021, the Texas Power Outage Disaster following Winter Storm Uri and record cold added pressure to an overwhelmed supply chain that could no longer meet demand. New Standby Generator delivery dates extended from three months to six or longer.Delayed material shipments slowed manufacturing, especially supplies coming from foreign suppliers. Shortages of electronic components continue to delay manufacturing at all the major generator manufacturers.Homeowners interested in home backup find an air cooled standby generator the most economical. Size ranges from 10kW to 24kW with a new 26kW coming soon. A natural gas generator is most common in cities and towns. Rural homeowners install an LP propane generator that runs off their storage tank.Established in 1992 to serve the home generator market, Norwall PowerSystems (www.norwall.com) has shipped nearly a quarter million generators to satisfied customers all over the country.

Key Points: 
  • Lake Havasu City, AZ, Oct. 27, 2021 (GLOBE NEWSWIRE) -- Climate Change and the Global Pandemic came together between 2019 and 2021 to push generator sales into record territory.
  • A recent Norwall News article, The Climate Change and COVID Pandemic Perfect Storm detailed standby generator supply chain woes from manufacturer to homeowner.
  • A whole house standby generator system that restores power automatically in a few seconds.
  • Established in 1992 to serve the home generator market, Norwall PowerSystems ( www.norwall.com ) has shipped nearly a quarter million generators to satisfied customers all over the country.

Hyatt Announces Plans for Grand Hyatt The Red Sea in the Kingdom of Saudi Arabia

Wednesday, October 27, 2021 - 3:30pm

Grand Hyatt The Red Sea will be the second Grand Hyatt hotel in the Kingdom and the seventh Grand Hyatt hotel in the Middle East, marking an important milestone in Hyatts growth strategy in the region.

Key Points: 
  • Grand Hyatt The Red Sea will be the second Grand Hyatt hotel in the Kingdom and the seventh Grand Hyatt hotel in the Middle East, marking an important milestone in Hyatts growth strategy in the region.
  • Located in close proximity to the soon to be developed Red Sea International Airport, Grand Hyatt The Red Sea will be easily accessible from both international and regional markets.
  • The Red Sea Project is designed to set new standards in sustainability and expects to position Saudi Arabia firmly on the global tourism map.
  • Once open, Grand Hyatt The Red Sea will become the seventh Hyatt in the Kingdom of Saudi Arabia joining Park Hyatt Jeddah Marina, Club and Spa , Grand Hyatt Al Khobar Hotel and Residences , Jabal Omar Hyatt Regency Makkah , Hyatt Regency Riyadh Olaya , Hyatt Place Riyadh Al Sulaimania and Hyatt House Jeddah Sari Street .

Annual U.S. Home Trends Report Reveals Catastrophic Weather Events Continue to Drive Losses for Home Insurance Industry

Tuesday, October 26, 2021 - 2:09pm

The 2021 LexisNexis Home Trends Report provides the trended by-peril home insurance data and location-based insights that insurance carriers may need to make informed risk assessments and underwriting decisions.

Key Points: 
  • The 2021 LexisNexis Home Trends Report provides the trended by-peril home insurance data and location-based insights that insurance carriers may need to make informed risk assessments and underwriting decisions.
  • LexisNexis Risk Solutions annual Home Trends Report revealed catastrophic weather caused highest losses in 6 yrs.
  • Catastrophic weather events, such as wildfires, hurricanes and floods, were some of the largest drivers of losses for the home insurance industry and caused 39% of claims in 2020 the highest percentage in the last six years.
  • The Home Trends Report also analyzed the impact of COVID-19 on the U.S. home insurance market.

Rockport Networks Unveils Switchless Network to Drive New Era of Innovation in Data Center Performance

Tuesday, October 26, 2021 - 2:00pm

The Rockport Switchless Network distributes the network switching function to endpoint devices, where these devices (nodes) become the network.

Key Points: 
  • The Rockport Switchless Network distributes the network switching function to endpoint devices, where these devices (nodes) become the network.
  • The Rockport Switchless Network is a distributed, highly reliable, high-performance interconnect providing pre-wired supercomputer topologies through a standard plug-and-play Ethernet interface.
  • The Rockport Network Operating System (rNOS) is software at the core of the Rockport Switchless Network and runs on the Network Card, fully offloaded from the compute cores and server operating system.
  • We look forward to continuing to test on new and larger workloads and expanding the Rockport Switchless Network further into our data center.

RLJ Lodging Trust Acquires AC Hotel by Marriott Boston Downtown

Monday, October 25, 2021 - 2:00pm

RLJ Lodging Trust (the Company) (NYSE: RLJ) today announced that it has acquired the fee simple interest in the recently constructed 205-room AC Hotel by Marriott Boston Downtown (the Hotel) for a purchase price of $89.0 million, or approximately $434,000 per key.

Key Points: 
  • RLJ Lodging Trust (the Company) (NYSE: RLJ) today announced that it has acquired the fee simple interest in the recently constructed 205-room AC Hotel by Marriott Boston Downtown (the Hotel) for a purchase price of $89.0 million, or approximately $434,000 per key.
  • The AC Hotel Boston Downtown is located within the newly developed Ink Block hub, a vibrant mixed-use development nestled in Bostons South End neighborhood.
  • The AC Hotel by Marriott Boston Downtown offers sleek furnishings, curated artwork, and intuitive technology.
  • RLJ Lodging Trust is a self-advised, publicly traded real estate investment trust that owns primarily premium-branded, high-margin, focused-service and compact full-service hotels.

Kite Realty Group Announces Closing of $7.5 Billion Merger with Retail Properties of America: Creates a Top 5 Open-Air, Grocery-Anchored Shopping Center REIT

Friday, October 22, 2021 - 4:30pm

The combined high-quality, open-air portfolio is a mixture of predominantly necessity-based, grocery-anchored neighborhood and community centers, combined with vibrant mixed-use assets.

Key Points: 
  • The combined high-quality, open-air portfolio is a mixture of predominantly necessity-based, grocery-anchored neighborhood and community centers, combined with vibrant mixed-use assets.
  • The combined company will continue to be led by KRG Chairman and CEO John A. Kite and the KRG executive team.
  • We are thrilled to announce the successful completion of the transformational merger with RPAI, creating a top 5 open-air shopping center REIT said John A. Kite, Chairman and CEO.
  • We have already completed significant steps in our integration and are well-positioned to continue capitalizing on the strong leasing environment.

US Insurance Giant Selects eGain Knowledge Hub™ to power Enterprise-wide Member Engagement

Friday, October 22, 2021 - 11:30am

SUNNYVALE, Calif., Oct. 22, 2021 (GLOBE NEWSWIRE) -- eGain Corporation (NASDAQ: EGAN ), a leading cloud platform provider for customer engagement automation, today announced that a Top 5 insurance company in the US has selected eGain Knowledge Hub as its strategic knowledge management platform for customer service and member engagement.

Key Points: 
  • SUNNYVALE, Calif., Oct. 22, 2021 (GLOBE NEWSWIRE) -- eGain Corporation (NASDAQ: EGAN ), a leading cloud platform provider for customer engagement automation, today announced that a Top 5 insurance company in the US has selected eGain Knowledge Hub as its strategic knowledge management platform for customer service and member engagement.
  • Hamstrung by their legacy knowledge system, the carrier launched an extensive RFP process to modernize its knowledge management platform.
  • eGain Digital Customer Engagement Suite: https://www.egain.com/products/
    Our knowledge-powered customer engagement software automates digital-first, omnichannel experiences for global brands.
  • eGain, the eGain logo, and all other eGain product names and slogans are trademarks or registered trademarks of eGain Corp. in the United States and/or other countries.