Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 31 n° 275

Posts Tagged ‘corporation’

BOURBON Corporation asks for reorganization proceedings as a result of guarantees activated by Chinese company ICBC Leasing

Posted by fidest press agency su domenica, 28 luglio 2019

In a series of letters sent on July 18, 2019, the Chinese Group ICBC Leasing had expressed its intention to demand from BOURBON Corporation the payment of all outstanding rental payments up to 2026 as part of the guarantee provided to contracting companies, today in arrears. Considering that despite these calls in guarantee, it was not in state of cessation of payments, BOURBON Corporation filed a request for “sauvegarde” procedure. By decision of 24 July 2019, the Commercial Court of Marseilles rejected this request, considering that the guarantees activated by the Chinese company ICBC Leasing are proof that BOURBON Corporation is insolvent as of July 24, 2019.The reorganization proceedings will only concern the holding company BOURBON Corporation and not the operating companies, which will be able to continue their normal operations and continue to meet the needs of customers.
BOURBON Corporation’s aim is to preserve the Group’s operating activities in order to actively participate in the emerging recovery of a profoundly changing market. BOURBON is thus continuing the radical transformation of its business model, with the deployment of the #BOURBONINMOTION strategic action plan.These calls on guarantees from ICBC Leasing were made despite the ongoing amicable negotiations on the financial restructuring of the group’s bank and lease debt.Following the Shareholders’ Meeting of June 28, BOURBON had proposed two options for the payment of its financial commitments to its creditors, based on the principle of value creation sharing:
a) Share market risk and thus receive a reduced fixed part along with a variable part dependent on the net cash generated per vessel provided as guarantee for loans or leased property, in order to benefit from the pace and intensity of the recovery in the offshore services market over time;
b) Take on the company’s risk and in this case agree with BOURBON on a reduced amount of debt to be repaid, with interest and repayable over 8 years, and receive BOURBON Corporation shares in compensation for the non-reimbursed part. These non-reimbursed debts and abandoned lease obligations would give access, according to this proposal, to a maximum of 30% of BOURBON Corporation’s share capital.BOURBON thus offered ICBC Leasing a cash payment equal to the amount it requested as part of the Banks’ offer they were part of, which was announced in their own press release dated June 5, 2019.
In the context of this receivership, BOURBON will pay particular attention to the positive outcome of negotiations with its financial partners in order to be able to operate in a stabilized context that would result from a financial restructuring that is fair to all and in the interest of the company and its employees.
investor-relations@bourbon-online.com, vilizara.lazarova@consultants.publicis.fr,

Posted in Estero/world news, Uncategorized | Contrassegnato da tag: , , | Leave a Comment »

Il Gruppo Chiesi diventa una B Corporation certificata

Posted by fidest press agency su venerdì, 12 luglio 2019

Chiesi, gruppo farmaceutico internazionale focalizzato sulla ricerca (Gruppo Chiesi), conferma il trend positivo nei primi sei mesi del 2019. Gli ultimi dati riportano che, nel primo semestre, il fatturato del Gruppo è cresciuto dell’11,6% rispetto allo stesso periodo dell’anno precedente, per un totale di 956,8 milioni di euro. Questi risultati confermano una crescita significativa nel 2019, un anno caratterizzato dal raggiungimento di un importante obiettivo strategico: l’ottenimento della Certificazione B Corp per Chiesi, il primo gruppo farmaceutico globale ad aver ricevuto questo importante riconoscimento.Il Gruppo Chiesi ha chiuso il 2018 in positivo, con un fatturato di 1.768 milioni di euro, con un incremento del 7,8% rispetto all’anno precedente (+4,8% a tassi di cambio costanti). L’EBITDA è stato di 512,7 milioni di euro. La solidità della multinazionale si riflette anche negli investimenti in Ricerca e Sviluppo che, nel 2018, hanno raggiunto 381,8 milioni di euro, pari al 21,6% delle vendite totali, posizionando il Gruppo al 13° posto per investimenti in R&S tra le aziende farmaceutiche in Europa [1]. Il Gruppo ha attualmente 47 progetti attivi in R&S e 54 studi clinici in corso. Il numero totale di dipendenti ha superato le 5.600 persone: persone al centro, passione, spirito imprenditoriale, dialogo multiculturale e sostenibilità sono i valori su cui l’azienda continuerà a fondare il suo sviluppo nei prossimi anni.Ulteriori investimenti sono in corso anche sul territorio italiano. Con un investimento totale di oltre 50 milioni di euro, è in fase di costruzione, a Parma, il nuovo headquarter del Gruppo. L’edificio si estende su una superficie di 46.300 m2 e ospiterà circa 540 persone. Il progetto è stato sviluppato secondo tre pilastri: una nuova visione del luogo di lavoro, con spazi condivisi e che si adattano alle attività svolte, con l’obiettivo di favorire e ottimizzare il lavoro di team; una valorizzazione degli spazi collettivi per promuovere la socialità e il benessere delle persone; e infine una particolare attenzione è stata rivolta agli aspetti di sostenibilità ambientale ed efficienza energetica. Il nuovo edificio dovrebbe essere completato nel 2020.

Posted in Economia/Economy/finance/business/technology | Contrassegnato da tag: , , | Leave a Comment »

E*TRADE Financial Corporation Announces Second Quarter 2019 Earnings Conference Call

Posted by fidest press agency su mercoledì, 3 luglio 2019

E*TRADE Financial Corporation (NASDAQ: ETFC) today announced that it will report its second quarter 2019 financial results after the close of the US financial markets on Thursday, July 18. The Company will host a conference call to discuss the results at 5 p.m. ET. Domestic participants can access the call directly by dialing 800-705-7259 while international participants should dial +1 303 223 2693. A live audio webcast and replay will also be available at https://about.etrade.com.
E*TRADE Financial and its subsidiaries provide financial services, including brokerage and banking products and services, to retail customers. Securities products and services are offered by E*TRADE Securities LLC, Member FINRA/SIPC. Investment advisory services are offered through E*TRADE Capital Management, LLC, a Registered Investment Adviser. Commodity futures and options on futures products and services are offered by E*TRADE Futures LLC, Member NFA. Bank products and services are offered by E*TRADE Bank, and RIA custody solutions are offered by E*TRADE Savings Bank, both of which are federal savings banks (Members FDIC). E*TRADE Securities LLC, E*TRADE Capital Management, LLC, E*TRADE Futures LLC, E*TRADE Bank, and E*TRADE Savings Bank are separate but affiliated companies. More information is available at http://www.etrade.com.

Posted in Estero/world news | Contrassegnato da tag: , , | Leave a Comment »

Northern Trust Corporation to Webcast Second Quarter 2019 Earnings Conference Call

Posted by fidest press agency su mercoledì, 19 giugno 2019

Northern Trust Corporation announced today that it will webcast its second quarter 2019 earnings conference call live on Wednesday, July 24, 2019. The webcast, the earnings press release and related presentation materials will be accessible on Northern Trust’s web site.The call will be conducted at 9:00 a.m. CT, following the release that morning of Northern Trust’s second quarter 2019 earnings press release. A replay of the webcast will be available for approximately four weeks after the date of the call.
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has offices in the United States in 19 states and Washington, D.C., and 23 international locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of March 31, 2019, Northern Trust had assets under custody/administration of US$10.9 trillion, and assets under management of US$1.2 trillion. For more than 125 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation.

Posted in Estero/world news | Contrassegnato da tag: , , | Leave a Comment »

TOYO Corporation China to Exhibit at MWC19 Shanghai

Posted by fidest press agency su martedì, 18 giugno 2019

Shanghai, CN Jun 26 – 28, 2019 MWC19 Shanghai TOYO Corporation China was established in 2010, as a Shanghai subsidiary of TOYO Corporation in Japan. Since its founding in 1953, TOYO Corporation (Japan) is the leading distributor of advanced measurement instruments and systems in Japan. TOYO Corporation also engages in original product designs and develops advanced solutions for automotive, sustainable energy, ICT and security industries. TOYO Corporation China hope to win the trust from many Chinese customers, provide the high-performance measurement systems, software and leading solutions, and contributes to the development of industry in China.

Posted in Estero/world news | Contrassegnato da tag: , , , | Leave a Comment »

Chemical Financial Corporation and TCF Financial Corporation Shareholders Approve Merger of Equals

Posted by fidest press agency su domenica, 9 giugno 2019

Chemical Financial Corporation (Chemical) (NASDAQ: CHFC) and TCF Financial Corporation (TCF) (NYSE: TCF) today jointly announced that at separate special meetings held today, each company’s shareholders approved the proposed merger of equals in which TCF will merge into Chemical. The combined holding company and bank will be headquartered in Detroit, Michigan and operate under the TCF name and brand following the closing of the transaction.“I am encouraged by the strong level of shareholder support received for this partnership and the accelerated shareholder value we expect it to create,” said Craig R. Dahl, TCF chairman and chief executive officer. “This positive shareholder response demonstrates a broad recognition of the shared strategic vision and complementary strengths of the two organizations. We look forward to bringing together the best of both banks to benefit our shareholders, customers, employees and the communities we serve.” “Today’s vote was an important step for us as we move forward with our focus on creating a premier Midwest bank,” said Gary Torgow, Chemical’s executive chairman. “As we become one company, we will be able to provide a more robust product set to a broader customer base, with limited overlap and disruption. With our increased scale and an enhanced competitive position, our new organization will be poised to thrive in today’s evolving banking environment.” Upon completion of the merger, the combined company will have over $45 billion in total assets and be a top 10 bank in the Midwest based on deposit market share. With over 500 combined branches across nine states, the new organization will have a substantial presence in key Midwest markets including Detroit, Chicago, Minneapolis, Milwaukee and greater Michigan.
The merger is expected to close in the third quarter or early fourth quarter of 2019, subject to satisfaction of customary closing conditions, including receipt of regulatory approvals.

Posted in Estero/world news | Contrassegnato da tag: , , | Leave a Comment »

46th Annual Cowen Technology, Media & Telecom Conference

Posted by fidest press agency su sabato, 25 maggio 2019

Virtusa Corporation (NASDAQ GS: VRTU), a global provider of digital strategy, digital engineering, and IT outsourcing services that accelerates business outcomes for its clients, today announced its Executive Vice President and Chief Financial Officer, Ranjan Kalia, will present at the 46th Annual Cowen Technology, Media & Telecom Conference.
Virtusa’s presentation is scheduled for Thursday, May 30, 2019 at 9:05 a.m. Eastern Time and will be webcast live. An archive of the presentation will be available for a limited time on the “Investors” page of the Company’s website (www.virtusa.com).
Virtusa Corporation (NASDAQ GS: VRTU) is a global provider of Digital Business Transformation, Digital Engineering, and Information Technology (IT) outsourcing services that accelerate our clients’ journey to their Digital Future. Virtusa serves Global 2000 companies in Banking, Financial Services, Insurance, Healthcare, Telecommunications, Media, Entertainment, Travel, Manufacturing, and Technology industries.
Using a combination of digital strategy, digital engineering, business implementation, and IT platform modernization services, Virtusa helps clients execute successful end-to-end digital business transformation initiatives.Virtusa engages its clients to re-imagine their business models and develop strategies to defend and grow their business by introducing innovative products and services, developing distinctive digital consumer experiences, creating operational efficiency using digital labor, developing operational and IT platforms for the future, and rationalizing and modernizing their existing IT applications infrastructure. As a result, its clients are simultaneously able to drive business growth through digital-first customer experiences, while also consolidating and modernizing their IT application infrastructure to support digital business transformation.Holding a proven record of success across industries, Virtusa readily understands its clients’ business challenges and uses its domain expertise to deliver innovative applications of technology to address its clients’ critical business challenges. Examples include building the world’s largest property & casualty claims modernization program; one of the largest corporate customer portals for a premier global bank; an order to cash implementation for a multinational telecommunications provider; and digital transformation initiatives for media and banking companies.Founded in 1996 and headquartered in Massachusetts, Virtusa has operations in North America, Europe, and Asia.

Posted in Estero/world news | Contrassegnato da tag: , , | Leave a Comment »

AM Best Affirms Credit Ratings of National Reinsurance Corporation of the Philippines

Posted by fidest press agency su domenica, 5 maggio 2019

AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” of National Reinsurance Corporation of the Philippines (Nat Re) (Philippines). The outlook of these Credit Ratings (ratings) is negative. The ratings reflect Nat Re’s balance sheet strength, which AM Best categorizes as strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.Nat Re’s balance sheet strength is underpinned by its risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), which is expected to remain at the strongest level over the medium term. Capital adequacy is supported by the company’s low underwriting leverage. However, this is offset by Nat Re’s sizable holding of local equity investments, with fair value movements having driven a level of volatility in capital and surplus over recent years. The company is expected, however, to reduce its exposure to this higher risk asset class during 2019, and increase its allocation toward cash, deposits and fixed income instruments. During the past five years, Nat Re’s overall earnings have remained positive, driven by a steady stream of investment income, which has helped offset unfavorable technical results. Since 2013, Nat Re has undertaken a series of portfolio remediation exercises aimed at improving underwriting profitability and reducing volatility. In particular, the company has reduced its exposure to underperforming property lines of business and increased its business allocation to life reinsurance, which is currently profitable. While the company’s combined ratio has improved over recent years, it remained loss making in 2018. The negative outlooks for Nat Re’s ratings reflect the continued pressure and volatility that AM Best expects underwriting performance to place on overall earnings over the near term.
Nat Re is the only domestic reinsurer in the Philippines, and benefits from strong relationships with local cedants and access to business through mandatory local cessions. In addition, the company underwrites a sizable portfolio of overseas business, which aids with geographic and line-of-business diversification. Offsetting business profile factors include the company’s moderate cedant concentration, and the ongoing challenging market conditions and competition from larger international reinsurers.

Posted in Estero/world news | Contrassegnato da tag: , , | Leave a Comment »

Participation in Exchange Offers and Consent Solicitations for Celgene Corporation Notes

Posted by fidest press agency su sabato, 4 maggio 2019

Bristol-Myers Squibb Company (NYSE:BMY) (“Bristol-Myers Squibb”) announced today that the requisite number of consents have been received to adopt proposed amendments with respect to all outstanding notes of Celgene Corporation (NASDAQ:CELG) (“Celgene”). The results are based on early tenders in the (i) offers to exchange (the “Exchange Offers”) any and all outstanding notes (the “Celgene Notes”) issued by Celgene for up to $19,850,000,000 aggregate principal amount of new notes to be issued by Bristol-Myers Squibb (the “Bristol-Myers Squibb Notes”) and cash and (ii) related consent solicitations (the “Consent Solicitations”) being made by Bristol-Myers Squibb on behalf of Celgene to adopt certain proposed amendments (the “Amendments”) to the indentures governing the Celgene Notes (the “Celgene Indentures”).Celgene has executed supplemental indentures to the Celgene Indentures that contain the Amendments. The Amendments will become operative only upon the settlement of the Exchange Offers. The settlement is expected to occur promptly after the Expiration Date (as defined below) and on or about the closing date of Bristol-Myers Squibb’s acquisition of Celgene (the “Merger”).

Posted in Estero/world news | Contrassegnato da tag: , , , | Leave a Comment »

RiverNorth Marketplace Lending Corporation to List on New York Stock Exchange

Posted by fidest press agency su lunedì, 25 marzo 2019

The RiverNorth Marketplace Lending Corporation (NASDAQ: RMPLX) (the “Fund”), established and currently operating as a closed-end interval fund dedicated to the marketplace lending asset class, announced that its Board of Directors (the “Board”) has approved the listing of the Fund’s shares so that they may be traded in the secondary market. The Board recognized that listing the Fund may offer shareholders benefits over maintaining the existing direct-purchase structure. The Fund intends to list its shares for trading on the New York Stock Exchange (the “NYSE”) in the second quarter of 2019. The Board determined not to alter the Fund’s fundamental policy regarding quarterly tender offers conducted in accordance with Rule 23c-3 under the Investment Company Act of 1940, as amended.
After listing, the Fund’s shares will generally only be available for purchase in the secondary market at prevailing market prices rather than at net asset value. The listing will also make the Fund’s shares more widely available. The listing of the Fund will not alter the Fund’s investment strategy or objective. The Fund will continue to invest in a diverse mix of marketplace lending sectors, including unsecured consumer, small business, and specialty finance. The Fund’s investment objective remains to seek a high level of current income. Given the Fund’s broader availability, low net asset value volatility, high level of income and access to a unique asset class, it is anticipated that the Fund may trade well in the secondary market, providing shareholders the possibility of selling their shares at a premium to the Fund’s net asset value. Although the Fund could also trade at a discount, this offers investors the potential opportunity to purchase shares at an attractive price below the Fund’s net asset value. We believe that by maintaining the Fund’s policy to offer quarterly tender offers made pursuant to Rule 23c-3 under the Investment Company Act, the Fund will trade well in the secondary market and that the premium/discount volatility will be minimized.

Posted in Estero/world news | Contrassegnato da tag: , , | Leave a Comment »

Alcoa Corporation to Curtail Additional Capacity at Aluminerie de Bécancour Smelter in Canada

Posted by fidest press agency su venerdì, 21 dicembre 2018

Alcoa Corporation (NYSE:AA) today announced that it will immediately begin to curtail half of the one operating potline at the Aluminerie de Bécancour Inc. (ABI) smelter in Québec, Canada.The Bécancour aluminum smelter, owned by Alcoa (74.95%) and Rio Tinto Alcan Inc. (25.05%), has nameplate capacity of 413,000 metric tons per year, across its three potlines. Two of the facility’s potlines were curtailed on January 11, 2018, after union members rejected a proposed labor agreement for hourly employees.Since the lockout, ABI’s salaried employees have operated the one potline, performed maintenance, restored stability and improved metal quality. The additional curtailment, however, is necessary to ensure continued safety and maintenance in light of recent retirements and departures. The salaried employees who remain will continue to ensure that the smelter can be ready for a potential restart.The one operating line has a nameplate capacity of 138,000 metric tons per year, of which 103,000 metric tons represent Alcoa Corporation’s ownership interest. This partial curtailment is expected to be complete by Friday, December 21, 2018.After extensive negotiations this year, ABI and the union have yet to reach an agreement on key terms to improve productivity and profitability. ABI’s management remains committed to reaching a negotiated agreement.

Posted in Estero/world news | Contrassegnato da tag: , , | Leave a Comment »

Northern Trust Corporation to Webcast Fourth Quarter 2018 Earnings Conference Call

Posted by fidest press agency su venerdì, 21 dicembre 2018

Northern Trust Corporation announced today that it will webcast its fourth quarter 2018 earnings conference call live on Wednesday, January 23, 2019. The webcast, the earnings press release and related presentation materials will be accessible on Northern Trust’s web site: https://www.northerntrust.com/about-us/investor-relations/financial-information/earnings-releases.The call will be conducted at 9:00 a.m. CT, following the release that morning of Northern Trust’s fourth quarter 2018 earnings press release. A replay of the webcast will be available for approximately four weeks after the date of the call.
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has offices in the United States in 19 states and Washington, D.C., and 23 international locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of September 30, 2018, Northern Trust had assets under custody/administration of US$10.8 trillion, and assets under management of US$1.2 trillion. For more than 125 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit northerntrust.com or follow us on Twitter @NorthernTrust.Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at http://www.northerntrust.com/disclosures.

Posted in Estero/world news | Contrassegnato da tag: , , | Leave a Comment »

Regis Corporation Appoints Chad Kapadia as Chief Technology Officer

Posted by fidest press agency su mercoledì, 20 giugno 2018

Regis Corporation (NYSE: RGS), a leader in the haircare industry, whose primary business is owning, operating and franchising hair salons, announced today the appointment of Chad Kapadia as Executive Vice President, Chief Technology Officer, and Head of Product Engineering effective June 18, 2018. Mr. Kapadia will lead Regis’ Product Engineering and Information Technology departments.Mr. Sawyer, President and CEO, stated “We have discussed that a key element of our multi-year strategy is to utilize technology to transform our business. Chad has been a leader in deploying disruptive business technologies at consumer-oriented companies, and he is the right executive to drive this initiative forward at Regis. I am confident he will be able to accelerate our use of technology to support our stylists and franchisees and improve our customers’ experience.”
Mr. Kapadia brings nearly 25 years of technology experience to Regis. Most recently, Mr. Kapadia served as Head of Engineering at Target Corporation’s New Ventures and Accelerators. Prior to Target Corporation, Mr. Kapadia served in technology positions of increasing responsibility including Chief Technology Officer and Product Head at Swissclear Global, Inc. and as an Engineering Leader and founding member of Netflix, Inc.’s Content Platform Engineering and Media Pipeline. Mr. Kapadia received his BS in Business Administration with an Option in Computer Information Systems and a Minor in Economics from California State University, East Bay.

Posted in Estero/world news | Contrassegnato da tag: , , | Leave a Comment »

Chemed Corporation to Present at the Jefferies 2018 Global Healthcare Conference

Posted by fidest press agency su sabato, 2 giugno 2018

Chemed Corporation (NYSE:CHE) announced that it will deliver a presentation at the Jefferies 2018 Global Healthcare Conference on Tuesday, June 5, 2018, at approximately 10:30 a.m. (ET) in New York City.
The presentation will be webcast live and can be accessed, along with the presentation materials, through the Chemed website at http://www.chemed.com (Investor Relations). The webcast replay will be available within 24 hours of the live presentation and will be accessible for 90 days. Listed on the New York Stock Exchange and headquartered in Cincinnati, Ohio, Chemed Corporation (www.chemed.com) operates two wholly owned subsidiaries: VITAS Healthcare and Roto-Rooter. VITAS is the nation’s largest provider of end-of-life hospice care and Roto-Rooter is the nation’s leading provider of plumbing and drain cleaning services.Statements in this press release or in other Chemed communications may relate to future events or Chemed’s future performance. Such statements are forward-looking statements and are based on present information Chemed has related to its existing business circumstances. Investors are cautioned that such forward-looking statements are subject to inherent risk and that actual results may differ materially from such forward-looking statements. Further, investors are cautioned that Chemed does not assume any obligation to update forward-looking statements based on unanticipated events or changed expectations.

Posted in Estero/world news | Contrassegnato da tag: , , | Leave a Comment »

eMagin Corporation First Quarter 2018 Earnings Conference Call

Posted by fidest press agency su martedì, 8 maggio 2018

eMagin Corporation (NYSE American: EMAN) will release first quarter 2018 earnings and host a conference call that will be webcast on Thursday, May 10, 2018. The Company’s management will discuss financial results for the first quarter ended March 31, 2018 and provide a corporate update.The conference call and live webcast will begin at 9:00 a.m. ET. An archive of the webcast will be available one hour after the live call through June 10, 2018. To access the live Webcast or archive, please visit the Company’s website at ir.emagin.com.
A leader in OLED microdisplay technology, OLED microdisplay manufacturing know-how and mobile display systems, eMagin manufactures high-resolution OLED microdisplays and integrates them with magnifying optics to deliver virtual images comparable to large-screen computer and television displays in portable, low power consumption, lightweight personal displays. eMagin microdisplays provide near-eye imagery in a variety of products from military, industrial, medical and consumer OEMs.

Posted in Estero/world news | Contrassegnato da tag: , , | Leave a Comment »

Toshiba Corporation Welcomes Nobuaki Kurumatani as Chairman and CEO

Posted by fidest press agency su giovedì, 5 aprile 2018

Nobuaki Kurumatani today took office as the first Chairman and CEO of Toshiba Corporation (TOKYO:6502) to be appointed from outside the company in over 50 years. Commenting on his appointment as Representative Executive Officer and Chairman and CEO, Mr. Kurumatani said, “I am honored to be appointed CEO, and very much aware of the responsibilities I take on. Toshiba is not just any company. Its corporate DNA has realized countless Japan- and world-first technologies and products, made Toshiba a source of pride in Japan for nearly 145 years, and also made us a global leader. “I believe that helping Toshiba back on its feet is my true calling. I am here at Toshiba to support change and transformation, and I see my role as to build on the company’s resilience and to lead its recovery. To secure growth, we must radically improve our earning power and reinforce our finances. We must move out of our comfort zone and promote fundamental reforms.”Mr. Kurumatani most recently served as President of CVC Asia Pacific Japan (CVC). Before joining CVC in May 2017, he was Deputy President and a Director of Sumitomo Mitsui Financial Group, one of the largest financial institutions in Japan, where his career was devoted to corporate planning, public relations and internal auditing. He is a graduate of the University of Tokyo, where he studied Economics.Satoshi Tsunakawa has taken on a new role in Toshiba as Representative Executive Officer and President, and Chief Operations Officer (COO). From today on, Mr. Kurumatani and Mr. Tsunakawa will together execute the management of Toshiba Group.

Posted in Estero/world news | Contrassegnato da tag: , , | Leave a Comment »

PAR Technology Corporation Announces Date for the 2018 Annual Meeting of Stockholders

Posted by fidest press agency su martedì, 13 marzo 2018

PAR Technology Corporation (NYSE:PAR) today announced the Company’s 2018 Annual Meeting of Stockholders will be held at 10:00 a.m. local time at Turning Stone Resort Casino, 5218 Patrick Road, Verona, New York 13478 on Friday, June 8, 2018. The record date for the annual meeting is April 16, 2018.
PAR Technology Corporation’s stock is traded on the New York Stock Exchange under the symbol PAR. PAR’s Restaurant/Retail segment has been a leading provider of restaurant and retail technology for more than 30 years. PAR offers technology solutions for the full spectrum of restaurant operations, from large chain and independent table service restaurants to international quick service chains. Products from PAR also can be found in retailers, cinemas, cruise lines, stadiums and food service companies. PAR’s Government segment is a leader in providing computer-based system design, engineering and technical services to the Department of Defense and various federal agencies.

Posted in Estero/world news, Uncategorized | Contrassegnato da tag: , , | Leave a Comment »

The Alaska Permanent Fund Corporation

Posted by fidest press agency su sabato, 24 febbraio 2018

The Alaska Permanent Fund Corporation (“APFC”), the Public Institution for Social Security of Kuwait (“PIFSS”), RPMI Railpen (“Railpen”) and Wafra, a leading manager of private equity and alternative investments, today announced that they have established a new entity called Capital Constellation (“Constellation”). Constellation will provide catalytic investment capital to next generation private equity and alternatives managers and will be advised by Wafra. Combined, the founders will initially commit $700 million to the venture and Constellation is expected to deploy over $1.5 billion in the next five years.Constellation will bring together the expertise and capital base of three of the world’s premier institutional investors, spanning Europe, North America, and the Middle East. Constellation leverages Wafra’s existing capabilities to form partnerships with promising investment teams who demonstrate the investment and operational expertise required to generate strong investment performance and business growth.Constellation’s mission is to assist talented alternative investment managers in breaking through the challenges of initial fundraising, specifically by providing strategic and operational support and an aligned, substantial and long-term capital base. In return, Constellation’s unique structure is designed to generate consistent, long-term value for its members’ pensioners and citizens.
“We are thrilled to bring together three of the world’s premier institutional investors to establish Constellation,” said Russell Valdez, Senior Managing Director of Wafra and a founding Board member of Constellation. “We believe this innovative investment platform will be a key resource for investment managers as they launch and build the next generation of successful and enduring private equity, real estate and other alternative investment franchises.”“We are pleased to create a platform that leverages our shared competitive advantages of stability, long-term orientation, and scale. Constellation adds a unique source of value to our portfolio that will help us continue to deliver substantial and lasting value to the State of Alaska,” added Steve Moseley, Head of Private Equity and Special Opportunities at APFC and a founding Board member of Constellation.“Combining forces with leading institutional investors through Wafra will enable us to find future stars in the investment space. Looking for long-term partnerships should be a key to our success,” stated Meshal Al-Othman, Chief Investment Officer of PIFSS.

Posted in Estero/world news | Contrassegnato da tag: , , | Leave a Comment »

Update on the Sale of Toshiba Memory Corporation

Posted by fidest press agency su mercoledì, 20 settembre 2017

Toshiba Corporation (TOKYO:6502) (Toshiba) has entered into a memorandum of understanding (MOU) with Bain Capital Private Equity LP (Bain), the lead member of a consortium currently bidding to acquire Toshiba Memory Corporation (TMC), memorializing the parties’ intent to negotiate a mutually satisfactory definitive agreement for the sale of TMC by the end of this month. The decision to enter into the MOU was made by Toshiba’s Board of Directors at its meeting today.As Toshiba stated in its August 31 announcement, “Update on the Sale of Toshiba Memory Corporation,” Toshiba has been in continuing negotiations with three consortia of potential purchasers of TMC: a consortium that includes the Innovation Network Corporation of Japan, Bain and Development Bank of Japan; a consortium that includes Western Digital; and a consortium that includes Hon Hai. In the course of these negotiations Bain has come forward with a new proposal. Toshiba’s Board of Directors has determined to continue negotiations with the Bain-led consortium on the basis of this new proposal, and the company will work to expedite the conclusion of a stock purchase agreement by the end of September. Toshiba hereby announces that it has accordingly entered into a non-binding MOU with Bain. The signing of this MOU does not eliminate the possibility of negotiations with other consortia.

Posted in Estero/world news | Contrassegnato da tag: , , | Leave a Comment »

Torchmark Corporation to Present at Bank of America Merrill Lynch Insurance Conference

Posted by fidest press agency su venerdì, 10 febbraio 2012

Mckinney Texas.Torchmark Corporation (NYSE: TMK) announced today that its Chief Executive Officer, Mark McAndrew, and Chief Financial Officer, Gary Coleman, will present Thursday, February 16, 2012 at the Bank of America Merrill Lynch Insurance Conference in New York City. Torchmark’s presentation is scheduled to begin at 11:45 a.m. EST The presentation will be webcast live at: http://www.torchmarkcorp.com on the Investor Relations page, under “Management Presentations”
Torchmark Corporation is a holding company specializing in life and supplemental health insurance for “middle income” Americans marketed through multiple distribution channels including direct response, and exclusive and independent agencies. Torchmark has several nationally recognized insurance subsidiaries. Globe Life And Accident is a direct-response provider of life insurance known for its administrative efficiencies. American Income Life provides individual life insurance to labor union members. Liberty National Life, one of the oldest traditional life insurers in the Southeast, is the largest life insurer in its home state of Alabama. United American is a consumer-oriented provider of supplemental life and health insurance.

Posted in Estero/world news | Contrassegnato da tag: , , , | Leave a Comment »