Prudential Financial

Prudential and RGA entrusted to fulfill $5.9 billion in pension promises for Verizon

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星期三, 三月 6, 2024

Prudential Financial, Inc. ( NYSE: PRU ) and Reinsurance Group of America, Incorporated ( NYSE: RGA ) have been selected in a pension risk transfer involving Verizon Communications Inc.

Key Points: 
  • Prudential Financial, Inc. ( NYSE: PRU ) and Reinsurance Group of America, Incorporated ( NYSE: RGA ) have been selected in a pension risk transfer involving Verizon Communications Inc.
  • Prudential and RGA, organizations with a long history of providing lifetime income to individuals, are well positioned to meet this commitment.
  • The transaction marks the second major pension risk transfer agreement between Prudential and Verizon.
  • Prudential revolutionized the modern pension risk transfer market with its pioneering pension buyouts with General Motors and its first transaction with Verizon in 2012.

Avangrid Joins JUST Capital and PayPal’s Worker Financial Wellness Initiative

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星期三, 三月 6, 2024

Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, is continuing to prioritize their employees’ financial security and health by joining The Worker Financial Wellness Initiative by JUST Capital and PayPal.

Key Points: 
  • Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, is continuing to prioritize their employees’ financial security and health by joining The Worker Financial Wellness Initiative by JUST Capital and PayPal.
  • The Initiative, established in collaboration with the Financial Health Network and Good Jobs Institute, offers resources to help companies assess and improve workers’ financial health.
  • The Worker Financial Wellness Initiative will cement us as a benefits leader and help us continue to enhance our programs and resources.”
    The Worker Financial Wellness Initiative was launched in 2020 and engages directly with corporate leaders to promote the business value of financial health investment and empower them to perform worker financial health evaluations.
  • Today, the initiative includes companies such as Chipotle, Chobani, Even, Prudential Financial, Synchrony, and Verizon, representing one million American workers.

Former EQT CFO, David Khani, Joins Arbo Board of Directors

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星期三, 二月 28, 2024

Khani will help the company expand its offering in the energy transportation industry as companies leverage the massive infrastructure investments underway to facilitate global energy transition.

Key Points: 
  • Khani will help the company expand its offering in the energy transportation industry as companies leverage the massive infrastructure investments underway to facilitate global energy transition.
  • Khani joins the Arbo board which includes industry veteran Daniel Sullivan, who was the founder and CEO of PowerAdvocate, a leading provider of market, cost intelligence, and supply chain solutions serving the energy sector, which was acquired by Verisk (Nasdaq: VRSK).
  • “We are thrilled to welcome Dave to Arbo,” said Arbo’s CEO and founder, Chip Moldenhauer.
  • We are privileged to have Directors of Dave and Dan’s caliber steering Arbo’s growth.”
    “Arbo has tremendous tailwinds and growth opportunities,” said Sullivan.

Newark City Leaders Award $2.3 Million to Eight Newark-based, Black-Owned Businesses

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星期五, 三月 1, 2024

1. Newark Culture Club – Grant Amount: $120,540 – 12 Halsey St. Newark, NJ 07102. Owned by Newark resident Justin Williams, the Newark Culture Club is set to become a vibrant performance space and craft cocktail bar--Hosting stand-up comedy, local artist groups, DJ sets, trivia nights and film screenings. Williams is the host of Newark's longest-running comedy show, Brick City Comedy Revue.2. Lashed Queens– Grant Amount: $38,500 – 12 Linden St. Newark, NJ 07102. Owned by Brittany Payton, Lashed Queens offers an upscale Beauty Bar experience, specializing in skin care and aesthetic services like eyelash extensions, waxing and nail care.3. Uncle Willie's Wing – Grant Amount: $229,495 – 113 Halsey St. Newark, NJ 07102. Owned by Newark resident Walter Green, Uncle Willie's Bar and Grill will provide venue space for events highlighting local painters, poets and sculptors, fostering a platform for Newark's vibrant artistic community.4. Consigliere – Grant Amount: $87,500 – 155 Washington St. Retail B Newark, NJ 07102. Co-owned and co-founded by Newark resident Karl Fowlkes and Jarel Rosser, and operated by Terrance Wesley Campbell, Consigliere is an upscale wine and tapas bar. It will feature an extensive wine list focusing on the African diaspora and New Jersey-based wineries.5. Casa De Flora – Grant Amount: $101,185 – 540 Broad St. Newark, NJ 07102. Owned by Maritza Walton, Casa De Flora is a retail flower boutique and coffee café, providing a welcoming space for brunch, work and events.6. Katherine's Restaurant – Grant Amount: $550,000 – 110 Edison Place Suite 204 Newark, NJ 07102. Owned by Newark resident Jason Wallace, Katherine's Restaurant & Brewery will offer American cuisine and onsite brewed signature lagers, ales and stouts.7. Equal Space – Grant Amount: $625,000 – 550 Broad St. Floor 1st, 2nd and 4th Newark, NJ 07102. Owned by Newark resident Citi Medina, Equal Space is a co-working space catering to entrepreneurs, founders and small businesses led by people of color, women and members of the LGBTQIA+ community.8. Delta's – Grant Amount: $600,000 – 810 Broad St. Newark, NJ 07102. Owned by successful restaurateur Joshua K Suggs, Delta's is a full-service restaurant and bar serving Southern Cuisine with live entertainment.

Key Points: 
  • NEWARK, N.J., March 1, 2024 /PRNewswire/ -- The City of Newark and Invest Newark have pledged $2.3 million in funding for eight retail businesses as part of a new Retail Reactivation Initiative to increase the number of amenities in Newark's Arts & Education District.
  • "The entrepreneurs opening businesses in the heart of our Arts and Education District embody the resilience and spirit of our city.
  • The inaugural group of awardees consists of Black-owned ventures, with over half owned by Newark residents:
    1.
  • Newark Culture Club – Grant Amount: $120,540 – 12 Halsey St. Newark, NJ 07102.

J.F. Lehman & Company Announces Recent Promotions and New Hires

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星期四, 二月 15, 2024

Lehman & Company ("JFLCO"), a leading middle-market private equity firm focused exclusively on the aerospace, defense, maritime, government and environmental sectors, is pleased to announce several promotions and new hires.

Key Points: 
  • Lehman & Company ("JFLCO"), a leading middle-market private equity firm focused exclusively on the aerospace, defense, maritime, government and environmental sectors, is pleased to announce several promotions and new hires.
  • Promotions effective January 2024 included Nicholas J. Andonian, James G. Dudzik and Jake T. Korek to Senior Associate.
  • "The firm remains committed to proactively onboarding talented professionals to support our continued growth and success," said Louis N. Mintz, Partner.
  • "We anticipate the added depth, fresh perspectives and further enhancement of our functional areas will translate into value across the organization."

J.F. Lehman & Company Announces Recent Promotions and New Hires

Retrieved on: 
星期四, 二月 15, 2024

Lehman & Company ("JFLCO"), a leading middle-market private equity firm focused exclusively on the aerospace, defense, maritime, government and environmental sectors, is pleased to announce several promotions and new hires.

Key Points: 
  • Lehman & Company ("JFLCO"), a leading middle-market private equity firm focused exclusively on the aerospace, defense, maritime, government and environmental sectors, is pleased to announce several promotions and new hires.
  • Promotions effective January 2024 included Nicholas J. Andonian, James G. Dudzik and Jake T. Korek to Senior Associate.
  • "The firm remains committed to proactively onboarding talented professionals to support our continued growth and success," said Louis N. Mintz, Partner.
  • "We anticipate the added depth, fresh perspectives and further enhancement of our functional areas will translate into value across the organization."

Prudential Financial, Inc. to Redeem 5.20% Fixed-to-Floating Rate Junior Subordinated Notes due 2044

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星期三, 二月 14, 2024

Prudential Financial, Inc. ( NYSE: PRU ) announced today that it will redeem all of the $500,000,000 outstanding aggregate principal amount of its 5.20% Fixed-to-Floating Rate Junior Subordinated Notes due 2044 (CUSIP/ISIN No.

Key Points: 
  • Prudential Financial, Inc. ( NYSE: PRU ) announced today that it will redeem all of the $500,000,000 outstanding aggregate principal amount of its 5.20% Fixed-to-Floating Rate Junior Subordinated Notes due 2044 (CUSIP/ISIN No.
  • A notice of redemption is being sent to all currently registered holders of the Notes by the trustee, The Bank of New York Mellon.
  • For more information, holders of the Notes may call The Bank of New York Mellon at 1-800-254-2826.
  • Prudential Financial, Inc.’s actual results may differ, possibly materially, from expectations or estimates reflected in such forward-looking statements.

Virginia youth honored as Prudential Emerging Visionary

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星期二, 二月 13, 2024

NEWARK, N.J., Feb. 13, 2024 /PRNewswire/ -- Preston Lieu, 17, of Falls Church, today was named a 2024 Prudential Emerging Visionary for his inspiring commitment to improving the lives of others.

Key Points: 
  • NEWARK, N.J., Feb. 13, 2024 /PRNewswire/ -- Preston Lieu, 17, of Falls Church, today was named a 2024 Prudential Emerging Visionary for his inspiring commitment to improving the lives of others.
  • As one of 25 Prudential Emerging Visionary winners, Preston will receive a $5,000 award to help take his innovation to the next level.
  • Prudential Emerging Visionaries recognizes young people ages 14-18 whose fresh perspectives and innovative solutions address pressing financial and societal challenges in their communities.
  • The program is an evolution of Prudential's Spirit of Community Awards, which honored more than 150,000 outstanding youth volunteers over 26 years.

Texas youth honored as Prudential Emerging Visionaries

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星期二, 二月 13, 2024

NEWARK, N.J., Feb. 13, 2024 /PRNewswire/ -- Donte Jennings, 17, of Nolanville, and Saheb Nibber, 17, of Houston, today were each named a 2024 Prudential Emerging Visionary for their inspiring commitment to improving the lives of others.

Key Points: 
  • Prudential Emerging Visionaries recognizes young people ages 14-18 whose fresh perspectives and innovative solutions address pressing financial and societal challenges in their communities.
  • Prudential Emerging Visionaries is sponsored by Prudential in collaboration with Ashoka, a leading organization in the social impact sector, with advisory support provided by the Financial Health Network, an authority on financial health and a longtime partner of The Prudential Foundation.
  • The program is an evolution of Prudential's Spirit of Community Awards, which honored more than 150,000 outstanding youth volunteers over 26 years.
  • To read about all of this year's Prudential Emerging Visionaries, visit prudential.com/emergingvisionaries .

Tennessee youth honored as Prudential Emerging Visionary

Retrieved on: 
星期二, 二月 13, 2024

NEWARK, N.J., Feb. 13, 2024 /PRNewswire/ -- Saawan Duvvuri, 16, of Nashville, today was named a 2024 Prudential Emerging Visionary for his inspiring commitment to improving the lives of others.

Key Points: 
  • NEWARK, N.J., Feb. 13, 2024 /PRNewswire/ -- Saawan Duvvuri, 16, of Nashville, today was named a 2024 Prudential Emerging Visionary for his inspiring commitment to improving the lives of others.
  • As one of 25 Prudential Emerging Visionary winners, Saawan will receive a $5,000 award to help take his innovation to the next level.
  • Prudential Emerging Visionaries recognizes young people ages 14-18 whose fresh perspectives and innovative solutions address pressing financial and societal challenges in their communities.
  • The program is an evolution of Prudential's Spirit of Community Awards, which honored more than 150,000 outstanding youth volunteers over 26 years.