Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 32 n° 60

Posts Tagged ‘companies’

MetLife Named One of America’s Most Responsible Companies

Posted by fidest press agency su domenica, 15 dicembre 2019

MetLife, Inc., announced that it has been named one of America’s “Most Responsible Companies” by Newsweek magazine. MetLife is the top-ranked insurance company on Newsweek’s inaugural list, and number 19 of all 300 companies recognized.“As a purpose-driven company, we feel a deep sense of responsibility to all our stakeholders,” said MetLife Chief Sustainability Officer Tim Ring. “People trust us to protect their families, their finances and their futures while making the world a better place. We’re pleased to receive this recognition of our work.” Newsweek partnered with global data research firm Statista Inc. to publish its ranking of America’s Most Responsible Companies. Statista worked from a universe of 2,000 public companies and used a four-phase process, which included an independent survey among 6,500 U.S. citizens and research based on publicly-available key performance indicators derived from corporate annual reports, corporate social responsibility (CSR) reports, sustainability reports, and corporate citizenship reports. The detailed analysis covered three areas of CSR: environmental, social and corporate governance.

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Travelers Receives Approval to Transfer European Business to Dublin

Posted by fidest press agency su venerdì, 27 settembre 2019

The Travelers Companies, Inc. (NYSE: TRV) today announced that Travelers Insurance Company Limited has received approval from the High Court of England and Wales to complete an insurance business transfer under Part VII of the Financial Services and Markets Act 2000. This will enable the company to transfer the portfolios of all relevant in-force policies and historic liabilities written out of its Irish, French, German and Netherlands branches to its newly established insurance subsidiary, Travelers Insurance Designated Activity Company (Travelers Insurance DAC). “Receiving court approval for our Part VII transfer is another milestone in our plan to ensure we will maintain high levels of service for our customers and brokers following the UK’s expected departure from the European Union,” said Matthew Wilson, CEO of Travelers Europe. “We are delighted to be able to provide certainty to our policyholders, no matter which part of our business they work with.” Travelers Insurance DAC is based in Dublin in the Republic of Ireland and was authorised by the Central Bank of Ireland in January 2019. Travelers Insurance DAC covers business insurance and bond and specialty risks in Ireland and throughout the European Economic Area.
Travelers has operated in Europe for decades in the general insurance market and through Lloyd’s. Travelers Insurance Company Limited offers business insurance, bond and specialty insurance and risk management services. Travelers’ Syndicate at Lloyd’s underwrites specialist and complex business classes, including marine, global property, power and utilities, accident and special risks, aviation and energy.

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Inc. Magazine Recognizes SetSchedule As One Of The Fastest-Growing Companies in the U.S.

Posted by fidest press agency su venerdì, 23 agosto 2019

SetSchedule has been named by Inc. magazine among the 5000 fastest-growing companies in the U.S., ranking the company 196 in its annual Inc. 5000 list.The Inc. 5000 recognizes notable companies who are growing in size and revenue. Past nominees include Intuit, Zappos, Under Armour, Microsoft, Jamba Juice, Timberland, Clif Bar, Pandora, Patagonia, Oracle, and other high-profile businesses. SetSchedule was chosen, in part, due to its extraordinary revenue growth over the past three years.Not only have the companies on the 2019 Inc. 5000 been very competitive within their markets, but the list as a whole shows staggering growth compared with prior lists. The 2019 Inc. 5000 achieved an astounding three-year average growth of 454%, and a median rate of 157%. The Inc. 5000’s aggregate revenue was $237.7 billion in 2018, accounting for 1,216,308 jobs over the past three years.SetSchedule has brought real estate and technological expertise together to produce the most trustworthy, comprehensive real estate technology solutions platform for the real estate market to date. The company’s best-in-class open marketplace products feature popular real estate companies, data analytics and AI technologies to assist real estate agents, brokers, and teams grow their business.The annual Inc. 5000 event honoring the companies on the list will be held October 10-12, 2019, at the JW Marriott Desert Ridge Resort and Spa in Phoenix, Arizona. Complete results of the Inc. 5000 can be found at is the technology innovator revolutionizing the real-estate business and data services. The company’s multi-patented agnostic leads marketplace and SAAS products suite, leverage AI-powered predictive data, trend insights, and automated marketing software tools to deliver better business efficiency to agents, teams, brokers, franchises and industry verticals. Learn more at

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Stable credit market as property companies’ shares reach new high

Posted by fidest press agency su venerdì, 5 luglio 2019

In the July issue of CREDI, the Main index increases from 50.3 to 50.8 indicating a slightly improved credit market. Property companies maintain a positive view of the credit market, while banks are increasingly pessimistic about the future.“This year’s second CREDI survey reflects a stable credit market, where improved access to credit and extended credit durations counteract expectations of higher credit margins. The CREDI Main index is boosted in particular by an improved perception of the current situation among banks. However, banks are increasingly pessimistic going forward as their Expectations index falls to its second-lowest point in the history of CREDI. Furthermore, the average interest rate of listed property companies increased slightly to 2.0 per cent, marking the end of the trend of decreasing interest rates that lasted for 21 quarters,” says Martin Malhotra, Project Manager at Catella.“The equity market has rebound strongly this year, with the total return of the Stockholm OMX 30 index being nearly 20 per cent. The main driver has been the U-turns of the major central banks and the expectation that we will see lower interest rates and more quantitative easing from the central banks going forward. The Swedish equity market is a reasonably good leading indicator of the CREDI Main index, and its development suggests that we will see stable credit sentiments during the coming quarters,” says Arvid Lindqvist, Head of Research at Catella.“The reduction in long-term interest rates has also been reflected in property companies’ preference shares, where the average dividend has fallen to 6.1 per cent since the turn of the year. Also, as the volume-growth of outstanding bonds continues to slow down, the bond market’s share of the listed property companies’ debt has remained at 28 per cent,” Martin Malhotra concludes.The Catella Real Estate Debt Indicator (CREDI) is attached and can also be downloaded from CREDI consists of two parts: one is an index based on a survey of listed property companies and active banks, and the other a set of indices and analyses based on publicly available data.

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Fitch Upgrades Financial Strength Ratings of Athene’s Operating Companies to ‘A’

Posted by fidest press agency su giovedì, 2 maggio 2019

Fitch Ratings (“Fitch”) announced it has upgraded the Insurer Financial Strength (IFS) ratings of Athene Holding Ltd.’s (“Athene”) (NYSE: ATH) operating companies to ‘A’ (strong) from ‘A-’ (strong). At the same time, Fitch has also upgraded the Long-Term Issuer Default Rating (IDR) of Athene Holding Ltd. to ‘BBB+’ from ‘BBB’. Fitch’s ratings and analysis are intended to assess the level of corporate financial strength and creditworthiness. The ‘A’ financial strength rating is Fitch’s third highest rating category, reflecting high credit quality and low default risk.“This upgrade reflects our superior financial results, very strong capital position and our increasing business diversification from our multi-channel distribution platform,” said Jim Belardi, CEO of Athene. “We are proud that S&P, A.M. Best and now Fitch have all recognized Athene with ‘A’ ratings, and we look forward to additional ratings upgrades in the future. Our increasing presence in the marketplace as an A-rated company will enable us to establish new partnerships and expand our reach as a financial solutions provider to a broader market.” Fitch cited Athene’s very strong earnings and financial performance as key drivers behind the upgrade, as well as Athene’s maintenance of strong balance sheet fundamentals. The rating agency noted, “Athene’s improved business profile has been driven by expansion into adjacent product lines, expanded distribution and increased business volumes as the company has maintained its strong presence in the fixed annuity market and increasing its presence in the pension risk transfer business.”

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Credit market improves as optimism rises among property companies

Posted by fidest press agency su mercoledì, 3 aprile 2019

In the March issue of CREDI the Main index increases from 48.6 to 50.3, indicating a slightly improved credit market. Property companies maintain a positive view of the credit market as interest rates fall to a new record low. “This year’s first CREDI survey shows a positive shift in the credit market, where improved access to credit and extended credit durations counteract slightly higher credit margins. The CREDI Main index is boosted in particular by increased optimism among property companies. In fact, the property companies’ Expectation index is at its highest level in nearly four years. Furthermore, the average interest rate of listed property companies continues to fall, hitting a new record low of 1.9 per cent,” says Martin Malhotra, Project Manager at Catella.“The stock market has rebound during the first quarter of 2019, with OMX 30 up 12 percent. This is mainly a result of more dovish central banks, which have responded to weakening growth in the United States and the rest of the world. Going forward, property companies in Sweden should be able to enjoy continued low real interest rates for an extended period of time,” says Arvid Lindqvist, Head of Research at Catella.“The reduced long interest has also been reflected in property companies’ preference shares, where the average dividend has fallen to 6 per cent since the turn of the year. Also, the limited growth of outstanding bonds means the bond market’s share of the listed property companies’ debt has levelled out,” Martin Malhotra concludes.The twenty-sixth edition of the Catella Real Estate Debt Indicator (CREDI) is attached and can also be downloaded from CREDI consists of two parts: one is an index based on a survey of listed property companies and active banks, and the other a set of indices and analyses based on publicly available data.

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CREDI indicates tightened access to debt for property companies

Posted by fidest press agency su sabato, 22 dicembre 2018

In the December issue of the Catella Real Estate Debt Indicator (CREDI), the Main index falls slightly from 49.6 to 48.6, as credit availability has worsened noticeably over the past two quarters. Property companies did experience slightly improved credit terms as interest rates fall to a record low, but uncertainty looms as credit margins appear to rise in the future.“This year’s fourth CREDI survey appear to confirm a shift in the credit market, where access to credit has continued to gradually worsen. Debt is still attractively priced when it is available, but the access to debt is tightening. Furthermore, we have observed a trend since September last year where surveyed banks and property companies have held a fairly positive view of the current credit climate, but their view of the future development has been more pessimistic. However, this anticipated negative development has yet to materialise. In fact, the average interest rate of listed property companies has continued to fall to a record low 2 per cent,” says Martin Malhotra, Project Manager at Catella.
“We will see the effects of the central banks reducing their stimulus programs and tightening up liquidity, which will also affect the Swedish bond market. In particular, the market will demand higher returns for risk, which will make debt financing more expensive for small actors that are perceived to have higher risk. Large actors with low-risk business models, on the other hand, will still be able to find attractively priced debt,” says Arvid Lindqvist, Head of Research at Catella.“While it has been a good year for property companies on the stock market, the average dividend for property-related preference shares increased by 50 bps on the back of investors’ fear of a steeper yield curve. At the same time, the recently introduced class D common share is increasingly being viewed as a replacement for the preference share,” Martin Malhotra concludes.The twenty-fifth edition of the Catella Real Estate Debt Indicator (CREDI) is attached and can also be downloaded from CREDI consists of two parts: one is an index based on a survey of listed property companies and active banks, and the other a set of indices and analyses based on publicly available data.

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CynergisTek Named Among “50 Most Trustworthy Companies of the Year 2018”

Posted by fidest press agency su giovedì, 8 novembre 2018

CynergisTek (NYSE AMERICAN: CTEK), a leader in healthcare cybersecurity and information assurance, today announced that The Silicon Review Magazine has named it among the “50 Most Trustworthy Companies of the Year 2018.” “The Silicon Review 50 Most Trustworthy Companies of the Year 2018 program identifies companies which are successful bringing more expertise to the IT and business world than others, and winning a spot on this list indicates the company has distinguished itself from peers by proving itself more valuable in terms of reliability, loyal customer base, innovation, and market position,” said Sreshtha Banerjee, Editor-in-Chief of The Silicon Review Magazine. The publication has selected CynergisTek based on its consistency in performance, product/service reliability, partnerships/collaborations, transparency, financial status, and the ability to reach customer/client expectations.CynergisTek has been at the forefront of security and privacy for healthcare organizations since 2004 and has earned the trust of hundreds of healthcare organizations throughout the years. The company founded its business based on relationships and industry expertise, and has stayed true to that commitment. As a result, the company has experienced a 94 percent retention rate and continues to focus on earning the trust of healthcare organizations.

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Euronext Vigeo Names Xerox One of Top 50 US Tech Companies for Sustainability, Citizenship

Posted by fidest press agency su venerdì, 22 giugno 2018

Xerox Corporation (NYSE: XRX) has been named to the Euronext Vigeo index: U.S. 50; the 50 most advanced technology companies in the United States. The Euronext Vigeo index recognizes companies who do business in Europe for achieving the most advanced environmental, social and governance performances.Euronext is the primary stock exchange in the Eurozone, operating four national regulated securities and derivatives markets in Amsterdam, Brussels, Lisbon, and Paris and regulated securities market, Euronext London. Vigeo is the leading European agency in corporate social responsibility ratings providing environmental, social and governance research to investors and public and private corporates.“Xerox has been a proud champion for a culture of sustainability and social responsibility for more than 100 years. It has been and remains a pillar of our corporate values – behaving responsibly as a corporate citizen,” said Michele Cahn, vice president of Global Government Affairs, Sustainability, Citizenship & Compliance for Xerox. “It is at the core of who we are as a company and this ranking further recognizes our global commitment to these practices.” Xerox annually publishes its report on corporate social responsibility sharing the company’s progress on key citizenship matters.

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Anti-money laundering: MEPs vote to shed light on the true owners of companies

Posted by fidest press agency su lunedì, 23 aprile 2018

MEPs supported by 574 votes to 13 votes, with 60 abstentions — a December agreement reached with the Council, which also proposed closer regulation for virtual currencies, like Bitcoin, to prevent them being used for money laundering and terrorism financing.
The agreement represents the fifth and latest update to the EU’s Anti-money laundering Directive and is partly a response to the terrorist attacks of 2015 and 2016 in Paris and Brussels, as well as the Panama Papers leaks. The reforms giving citizens the right to access information on the beneficial owners of firms which operate in the EU, could help quash the corrupt use of letterbox companies created to launder money, hide wealth and avoid paying taxes – a practice which received widespread attention in the wake of the Panama Papers. An additional measure would also open up data on beneficial owners of trusts and similar arrangements to those who can demonstrate a “legitimate interest”. This would make information on trusts available to investigative journalists and non-governmental organisations (NGOs). Member states will also retain the right to provide broader access to information, in accordance with their national law.The new measures also address risks linked to prepaid cards and virtual currencies. In a bid to end the anonymity associated with virtual currencies, virtual currency exchange platforms and custodian wallet providers will, like banks, have to apply customer due diligence controls, including customer verification requirements. These platforms and providers will also have to be registered, as will currency exchanges and cheque cashing offices, and trust or company services providers.

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BionorthTX’s iC3 Summit Grows Popular Hub in North Texas for Life Sciences Companies

Posted by fidest press agency su mercoledì, 22 novembre 2017

Sally RobertsThe North Texas region has become a popular destination for Life Sciences companies thanks to the great work of organizations like bionorthTX. Their third annual iC3 Summit, held on October 12, 2017, is the region’s largest annual conference bringing together life sciences companies, executives, academia, investors, and industry support organizations to explore innovations, opportunities, and challenges faced by the industry. Rx Worldwide Meetings was a proud supporter of this year’s summit.“North Texas is uniquely positioned with expertise, technologies, resources, and talent to become a major hub for the biomedical industry,” explains Kay Tieman, iC3 Life Science Summit Event Chair and Co-Founder of bionorthTX. “Growth is happening in areas such as therapeutics, personalized medicine, proteomics, diagnostics and medical devices, and Nano-bio and environmental sciences,” she went on.
Rx Worldwide Meetings, Inc., a division of Infinix Global Meetings & Events, recently sponsored the iC3 Summit mobile app to help streamline the user experience at the event. “We are always happy to support efforts to create a sustainable and diverse Life Sciences ecosystem in North Texas,” says Infinix Global’s Chief Executive Officer, Sally Roberts. “As a growing woman-owned business that services the Life Sciences industry, the partnership is a no-brainer,” says Roberts of Infinix Global’s affiliation with the iC3 Summit.From the future of Cancer Prevention & Research Institute of Texas grants to patient records innovation, leaders discussed issues facing the industry during this year’s iC3 Life Science Summit. The iC3 conference stands for Innovation, Collaboration, Capital, and Commercialization. The summit hosts healthcare innovation presentations as well as informational sessions by investors who share perspectives in supporting North Texas companies. The summit is designed by a steering committee of industry leaders. The agenda includes panel discussions, keynote presentations, exhibitions and numerous networking opportunities.bionorthTX’s mission is to encourage the development of a rich ecosystem that allows for the growth and success of regional life science companies, as well as strengthening the economy of local communities. bionorthTX is an independent, non-profit 501(c)(6) trade association serving and representing the life science industry in North Texas. Member companies range from North Texas’ largest employers to emerging start-ups, universities, research institutions, hospitals, investors, students, individuals and vendors who provide products and services to the life science industry. (photo: sally roberts)

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CREDI indicates a positive view of the credit market among property companies

Posted by fidest press agency su martedì, 26 settembre 2017

Stockholm. “In this year’s third CREDI survey, we see an improvement in the CREDI Main Index, from 41.8 to 49.8. This is the highest index value in two years, and marks the second largest improvement in the history of CREDI. Listed property companies have a very positive view of the development of the crstoccolma1edit market, due to factors such as improved access to bank loans and reduced credit margins. In addition, property companies and banks agree that credit duration has increased,” says Martin Malhotra, Project Manager at Catella.“Historically, the responses of property companies’ in the CREDI survey have tracked the development of the overall stock market. The relatively strong development on the stock market over the last year indicates a continued improvement in the credit sentiment over the coming quarters. Furthermore, the positive view of the credit market in the latest CREDI survey indicates a stabilisation in bank lending to the property sector,” says Arvid Lindqvist, Head of Research at Catella.“While access to bank loans has improved and corporate bonds remain popular, preference shares are becoming increasingly less relevant for property companies. After more than a year with no new issues on the Nasdaq OMX Nordic Main Market, property companies are now looking to redeem their outstanding preference shares. During the summer, Sagax redeemed more than 70 per cent of its preference shares, which reduced the total volume by 8.2 per cent. In addition, Balder intends to redeem all of its 10 million outstanding preference shares, which would reduce the total volume by an additional 24 per cent,” Martin Malhotra concludes.
The twentieth edition of the Catella Real Estate Debt Indicator (CREDI) is attached and can also be downloaded from CREDI consists of two parts: one is an index based on a survey of listed property companies and active banks, and the other a set of indices based on publicly available data. Read more about the methodology at This edition also includes an analysis of preference shares and an overview of the property market.

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Catella exclusive advisor in sale of one of the largest real estate companies in Denmark for DKK 4.3 billon

Posted by fidest press agency su mercoledì, 26 aprile 2017

Jesper Bo HansenCatella acted as exclusive financial advisor to the board of HD Ejendomme in the sale of the DKK 4.3 billion real estate company to funds managed by NIAM HD Ejendomme has agreed on terms with NIAM to divest all shares in the company. Simultaneously with the acquisition NIAM will inject new equity and recapitalize the company. Financial terms of the transaction are not being disclosed.NIAM is a strong owner with substantial experience on the Nordic real estate markets and the deal will enable HD Ejendomme to grow its portfolio under management with a focus on residential properties in Denmark.“This was a unique opportunity for us to acquire a large notably residential portfolio and a well-functioning management platform. We expect to utilize it as a platform for further investments and have a pipeline of potential acquisitions lined up,” says Kristian Krogh, Senior Director and Head of Denmark at NIAM.HD Ejendomme is one of the largest real estate companies in Denmark. It owns and operates approximately 2,000 residential and 375 commercial units across Denmark and employs some 85 people with headquarter in Odense. In 2014, the former CEO of Financial Stability Mr. Lars Jensen was appointed as chairman of HD Ejendomme to steer the company out of the financial crisis.“I am pleased that the assignment I took on is now solved. All the creditors will get their money back and those who continue to finance the company will continue under the new and recapitalized ownership,” say Lars Jensen, Chairman of HD Ejendomme.“We appreciate the trust and the mandate awarded to Catella by the board of HD Ejendomme. Catella is well positioned for this kind of highly complex mandate in line with our position being the link between property and finance,” says Jesper Bo Hansen, Head of Corporate Finance at Catella. (photo: Jesper Bo Hansen)

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3 out of 4 startups are acquired by US companies

Posted by fidest press agency su martedì, 13 settembre 2016

startupsSan Francisco. US companies are more acquisitive. Even less surprisingly, among the top 15 acquirers, over 70% are Silicon Valley companies. This is the main finding from “Startup Transatlantic M&As. US vs EU”, the report that will be presented today at the European Innovation Day conference in Mountain View, the event created and organized by Mind the Bridge and co-organized by EIT Digital.The research completed by Mind the Bridge and CrunchBase analyses approximately six thousand startup acquisitions performed by US and European companies since 2012. It reveals that US and European companies focus their M&A activity in the US and Europe: 91% of the acquisitions performed by US and European companies – and 96% of the price paid – refer to US and European startups. “The common wisdom is that acquisitions have played a central role in Silicon Valley’s success, and that buying startups is one of the fastest ways for companies to embrace disruption and keep innovating – Alberto Onetti, Chairman Mind the Bridge, comments – The aim of this report was to understand if these beliefs are actually true. Now the numbers speak for themselves.”In particular, US companies acquired a number of startups that is significantly higher than EU companies, approximately 4 times more. 4,880 deals out of 5925, in fact, have been performed by US companies representing 82% of all the transatlantic transactions and investing $504 billion in disclosed transactions. This represents 90% of the overall value invested in startup acquisitions across the Atlantic. Silicon Valley alone registers 1,264 deals (21% of all the transatlantic deals and 26% of US ones) for $118B, more than the whole Europe. The Old Continent accounts for 1,045 deals – 18% of the total – for $57B. The median deal size of US acquisitions is $110M, 1.83 times than the median amount invested by EU companies ($60M). Additionally, if we look at the distinction between domestic and cross-atlantic acquisitions of startups, it has been reported that US buys prevalently domestic companies (4,300 out of 4,900 total EU/US based startups acquired, 88% on the number of acquisitions, 80% of the value of disclosed transactions). 68% of European startups acquisitions (700 out of the 1,045 total) happen domestically.
To be noted that US startups accounted for just under a third of the number of European startup acquisitions but ate up 59% of the total capital invested. This data suggests, on the one hand, that there is still a gap to be filled in the European startup ecosystem’s ability to produce exits; on the other hand – even more interestingly – US startups are more expensive than their European counterparts (32% of the acquisitions absorbed 59% of the overall amount paid).
“This is the first report doing a comparative analysis of acquisitions looking at Europe and the US. The interdependence of Europe and the US is striking and second only to the dependence of European countries on each other. The findings will inform corporate strategy in both continents”, says Gené Teare Head of Content at CrunchBase.
startups1Remarkably, US companies acquired 562 European startups while 709 startups were acquired by European companies in Europe. That means – consistently with data from SEP Monitor – that 44% of European startup acquisitions have been performed by US companies.
Research introduces the “exits/acquisition ratio” that shows the ratio between the number of exits and the number of acquisitions. Not all ecosystems have a positive balance between the sell (exits) and buy (acquisitions) side. US shows a certain equilibrium with 0.95 while Europe is characterized by a negative M&A balance (1.2): it means that the overall number of startups that have been sold in a region is larger than the ones that have been acquired by regional companies. This situation is clearly evident in the youngest ecosystems (Spain, Italy, the Benelux).
When broken down by city, New York, Chicago and some municipalities of the Silicon Valley (including Mountain View, Sunnyvale and San Jose), and to a lesser extent Los Angeles, Austin and Boston are “net acquirers” of startups (the number of startups acquired is larger than the ones that have been sold), while San Francisco, Seattle and Palo Alto are “net sellers” of startups. Silicon Valley, when considered as a whole, demonstrates a healthy balance (0.95), slightly below the parity.
US and Silicon Valley Run the M&A Show – Not surprisingly the top 15 acquirers in the transatlantic ranking are all US companies. Even less surprisingly, 11 out of the top 15 are from the Silicon Valley. The first European one – Germany’s SAP – ranks 33rd. On average, the top 15 US-based companies acquire 6 times more startups than the top European companies. Altogether, the top 15 most active European companies have acquired approximately the same number of startups that Google bought in the same period. (graphic: startups)

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Companies in Emerging Markets Make Distinctive CSR Efforts

Posted by fidest press agency su venerdì, 12 agosto 2016

ANZBy John Howell, Editorial Director. The evolution of CSR in developed economies from philanthropic grants to programs more integrally tied to core strategies is impacting business in emerging economies. From cost cutting to reputation building, companies in developing markets are aligning sustainability activities with their missions and values. And they are doing so in distinctive ways. A recent report from the Australia and New Zealand Banking Group Limited describes three examples: 1) technical support, to provide skilled labor 2) regu latory uplift, to assist governments in implementing best practices and international standards and 3) engagement in hands-on community events to build trust. There are lessons to be learned here by all business. (Photo Credit: ANZ)

Posted in Estero/world news, Mostre - Spettacoli/Exhibitions – Theatre | Contrassegnato da tag: , , | 1 Comment »

Every year, millions of Americans face a choice between their health and their paycheck because they have no access to paid sick leave

Posted by fidest press agency su sabato, 9 aprile 2016

obamaHaving that access gives people the chance to recover from an illness, get timely treatment, or take care of sick children or relatives. It makes sense for people’s health, and for the economy, which is why five states and 23 localities across the U.S. have already adopted paid sick leave standards.President Obama is about to set new rules to make sure companies with federal contracts offer paid sick leave, and right now the Department of Labor is collecting comments about the new standards. His new proposal will expand access to paid sick leave for more than 800,000 workers, nearly half of whom currently have no access at all.
Everyone gets sick, and everyone should be able to earn the ability to stay home from work when they’re under the weather or need to take care of a loved one — without risking their paycheck. Paid sick leave not only reduces health care costs, it provides the kind of flexibility that boosts employee retention, both of which are good for businesses and the economy. More than 40 million private-sector workers — and 80 percent of our country’s lowest wage workers — don’t have that flexibility. This new move by President Obama doesn’t solve the whole problem, but it’s an important step in the right direction.

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World’s largest gathering of international Takaful leaders announces 11th annual edition

Posted by fidest press agency su lunedì, 8 febbraio 2016

dubaiDubai. The 11th Annual World Takaful Conference (WTC 2016) will be held on the 11th and 12th of April 2016 at the Dusit Thani in partnership with the leading takaful companies from from the GCC, Southeast Asia, Africa and Europe. The Forum is set to gather more than 250 Takaful professionals from around the world comprising of policy makers, dignitaries, central bank representatives, heads of insurance supervision, CEOs of the largest Takaful companies, thought leaders and experts in research, bankers, academia and Shariah scholars.The Takaful industry is still at a nascent stage in its development, however, its growth has been rapid over the past 7 years and its total assets have doubled in the last 5 years. As the industry navigates through the complex global Takaful landscape, there is a greater need for its leaders to share insights and deliberate on new strategies to help it grow beyond its niche status.For a decade, WTC has provided a unique platform for leaders to deliver on these strategies. It takes a pragmatic approach in finding solutions to the major issues in the industry by carefully analyzing the Takaful landscape and leveraging in-house research insights and engages renowned experts to come.WTC 2016 will play host to a number of new initiatives and innovative features. The most noteworthy feature is “Connect by MEGA”, a mobile application that will provide a truly engaging and interactive experience for the audience by enabling them to participate in live voting on key issues. The mobile app will also facilitate high impact networking opportunities between delegates to help build new partnerships. Another key feature is the real time extensive coverage of the conference on social media to facilitate virtual conversations, thereby extending the reach of the Takaful community and its key issues to consumers.On the intelligence front, the most exciting feature will be the launch of the “Finance Forward World Takaful Outlook Report 2016” by Middle East Global Advisors, the conveners of the Forum over its 11-year history. The findings of the report will help leaders in the industry to make key strategic decisions and capitalize on the emerging opportunities.Speaking ahead of the forum, Ehsan Abbas (Chairman of Middle East Global Advisors): “The App and Outlook report are part of our promise to the global Takaful industry to further enhance the experience of participants and ensure that WTC 2016 generates fresh insights for the industry. I am particularly looking forward to the launch of the “Finance Forward World Takaful Outlook Report 2016” as the findings of the report will help leaders in the industry make key strategic decisions and capitalize on emerging opportunities.”
Middle East Global Advisors (MEGA) is the gateway connectivity and intelligence platform to opportunities in the rapidly developing economic region that stretches all the way from Morocco in the West to Indonesia in the East – The Middle East North Africa Southeast Asia (MENASEA) connection. We pride ourselves for being at the heart of these diverse markets for over 22 years.
World Takaful Conference (WTC) is the leading global forum for Takaful which has played an instrumental role in the development of the industry for more than a decade by facilitating thought-provoking discussions, producing quality research and actionable insights.
WTC serves as a platform to facilitate ideas sharing among the leaders in the industry gathered from various parts of the world ranging from key markets for Takaful such as the GCC and SE Asia to emerging markets such as Africa and Europe.

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Companies can raise investment by taking care of their staff

Posted by fidest press agency su giovedì, 28 gennaio 2016

Warwick Business SchoolLooking after your employees is good for business with new research finding that it brings in 35 per cent more investment from socially responsible funds. The study looked at 1,585 US corporations and 47 socially responsible investment (SRI) funds and found that those companies who treated their employees best had the most money poured into them by SRI funds. Onur Tosun, of Warwick Business School, looked at a host of indicators as to why SRI funds invest in different firms and found employee relations as the most important and it was especially noticeable in the construction, transportation, financial sector and personal services industries – which covers anything providing a service for people from law and accounting to cleaners and beauty shops.
Dr Tosun said: “This increased investment makes sense as firms investing in their employees signal high corporate social responsibility (CSR), which in turn potentially enhances a firm’s reputation and prestige.“Firms can improve their employee relations in a number of ways: for example by improving the working conditions for employees, fair wages and even by organising social events.“A good example is Pride Transport, a Utah-based trucking company. It uses employee engagement as a competitive advantage to keep good drivers. Not only is their pay competitive, but they find accommodation for them while they are on the road and help their families while the truckers are away.“Improvements in this area of CSR have been known to boost loyalty, employee contribution, and motivation through which productivity, firm performance and firm value increase. Naturally, this would draw funds’ investment.“My research also shows firms in specific sectors can benefit more from increased CSR efforts, but on the whole CSR investment is a worthwhile endeavour for any firm looking to attract SRI funds.”In the paper Is Corporate Social Responsibility Sufficient Enough to Explain the Investment by Socially Responsible Funds? Dr Tosun used the Kinder, Lydenberg and Domini Index (KLD) to measure 1,585 US companies’ CSR scores in employee relations, society, governance and environment.To look at the sensitivity of SRI funds towards CSR Dr Tosun measured the responses of 47 funds to the changes in firms’ CSR strategy by using the US Forum for Sustainable and Responsible Investment, which also goes by the name of US SIF, which shows their screening criteria for investment and the Thomson Reuters’ S12 database, which reveals the type and amount of shares funds hold.The study found that a one standard deviation point increase in employee relations saw the SRI funds whose criteria centred on CSR invest 17.2 per cent more, while a one point rise in society realised a 16.6 per cent increase in SRI investment, for environment it was 10 per cent and governance 10.4 per cent. SRI funds sensitive to the changes in firms’ CSR increase their ownership in firms by 15 per cent when those companies have a higher CSR score in all areas by one standard deviation point.“I found strong evidence that SRI funds increase their ownership in firms who increase their CSR policies,” said Dr Tosun. “Specifically, my results indicate SRI mutual funds with high CSR sensitivity have distinctively higher ownership in firms when those companies improve CSR in employee relations. Plus a one point increase in the employee relations area of CSR in firms resulted in 35 per cent more investment by SRI funds that concentrated its investing criteria on employee relations, which was the most of any of the criteria.“Increases in society CSR, such as improving housing in a bad neighbourhood by a construction company or covering education fees for local children, also sees firms gain a significant growth in investment. McDonald’s is a good example, it has a society focus CSR. Ronald McDonald House Charities provides free ‘home away from home’ accommodation to families while their child is in hospital.”
To make sure it is SRI funds responding to changes in firms’ CSR strategy and not the other way round Dr Tosun examined what new SRI funds did when looking at which firms to invest in.“The results showed the new funds responded to higher employee relations scores as well, so the causal relationship must be that way round,” said Dr Tosun.The research also showed SRI Mutual Funds perform better than the Nasdaq in 2007, 2008, and 2011.Dr Tosun added: “These results indicate that SRI portfolios had higher returns than the market around the financial crisis. This may be useful for investors seeking reliable investment options during times of financial instability and high uncertainty.”

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Italy: EUR 10 million for SAES Getters’ R&D projects

Posted by fidest press agency su mercoledì, 10 giugno 2015

European_Investment_Bank_-_LuxemburgThe European Investment Bank (EIB) has signed a EUR 10 million agreement with SAES Getters, an Italian company active in special metallurgy and materials science. Made available by the EIB and 50% guaranteed by the country’s export credit agency SACE, the loan to SAES will finance its research, development and innovation (RDI) activities in order to further develop and apply its expertise and competencies in metal science know-how. SAES is a strongly RDI focused Group developing advanced material technologies that can be used in a large variety of products applied in different industries (i.e. consumer electronics, medical devices, scientific and research systems, automotive, lighting and telecommunications).In addition, SAES cooperates with Universities and R&D centers (i.e. particle accelerators like CERN in Europe, ESRF in France, PSI in Switzerland, KEK in Japan, Cornell USA or SSRF in China), to which it inter alia provides research infrastructure equipment and services.This transaction is supported by the new generation of financial instruments for innovative and growth companies “InnovFin – EU Finance for Innovators”, with the financial backing of the European Union under Horizon 2020. “InnovFin MidCap Growth Finance” is specifically dedicated to improving access to risk finance for research and innovation projects of midcap and SME companies in the European Union.
Under Horizon 2020, the new EU research programme for 2014-20, the European Commission and the European Investment Bank Group (EIB and EIF) have launched a new generation of financial instruments and advisory services to help innovative firms access finance more easily. Over the next seven years, “InnovFin – EU Finance for Innovators” will offer a range of tailored products which will make available more than EUR 24bn of financing support for research and innovation (R&I) by small, medium-sized and large companies and the promoters of research infrastructures. This finance is expected to support up to EUR 48bn of final R&I investments. InnovFin builds on the success of the Risk-Sharing Finance Facility developed under the seventh EU framework programme for research and technological development (FP7), which financed 114 R&I projects to the tune of EUR 11.3bn and in addition provided loan guarantees worth over EUR 1.4bn.
Backed by funds set aside under Horizon 2020 and by the EIB Group, InnovFin financial products support R&I activities, which by their nature are riskier and harder to assess than traditional investments, and therefore often face difficulties in accessing finance. All are demand-driven instruments, with no prior allocations between sectors, countries or regions. Firms and other entities located in EU Member States and Horizon 2020 Associated Countries will be eligible as final beneficiaries. These debt instruments will be complemented in the near future by a suite of equity instruments managed by the EIF.

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Stop Safe Harbour now! MEPs tell Commission

Posted by fidest press agency su venerdì, 17 gennaio 2014

commissione europeaThe European Commission should immediately suspend the EU-US Safe Harbour deal, according to most MEPs taking part at a European Parliament debate on Wednesday afternoon. The revelations on NSA’s mass surveillance practices prove that US companies do not comply with the Safe Harbour scheme, which lays down voluntary data protection standards for American firms when transferring EU citizens’ data to the US.”By cancelling Safe Habour we will pave the way for a new partnership with the US in the future”, said Manfred Weber (EPP, DE). “We will not tolerate Americans and Europeans are divided into first and second class citizens as regards their data protection”, he added.Mr Weber also pointed out that “for many of us it came as a great surprise that the level of surveillance was similar to that of China and Russia, but the Americans are our friends and that changes everything”.For Claude Moraes (S&D, UK), who is the Civil Liberties Committee inquiry’s rapporteur, “the 13 recommendations -tabled by the Commission to improve the functioning of Safe Harbour- may not be enough, this procedure may lack any serious enforceability”. He explained that the preliminary conclusions of the inquiry he’s leading also ask for the suspension of Safe Harbour standards.”We must treat Safe Harbour as a symbolic and practical aspect to re-build trust in our relations with the US”, he underlined, clarifying that “data collected from EU citizens has been transferred to the US under lower data protection standards that exist here in the EU”.
According to Sophie in’t Veld (ALDE, NL) “we have tolerated this situation for many many years and asked the Commission to solve it, but it did not react”. “Why to give more time now to the US and the Commission to solve this? For me we can suspend the Safe Harbour agreement today and ask the Commission, the US and companies to start working for a real solution”, she commented.”It is time that companies face their responsibilities too. I expect the Commission to suspend Safe Harbour today and to come up with a solution before the -European- elections”, she added.”Big data business say ‘thank you’ while EU citizens and consumers lose trust on their governments”, Jan Albrecht (Greens/EFA, DE) said. “If we don’t stop the circumvention of EU laws by US companies and cancel Safe Harbour we will not only lose the sovereignty of the European Union but also the trust of citizens in the EU”, he added.
“The -Safe Harbour- agreement says that it can be suspended if it is not properly implemented”, Cornelia Ernst (GUE/NGL, DE) stressed. “Safe Harbour is in principle a good thing but in practice it is pure fuss”, she commented, adding that “we need something binding in nature, not something that is blocked by the US”.”National security services are there to preserve the lives of citizens. In no way basic citizens’ rights should be compromised. In fact, these programmes ensure the exact opposite”, Niki Tzavela (EFD, EL) stressed.

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