Posted on 6/8/20
U.S. Unemployment Was Down in May, But We're Not Out of the Woods
In April, the U.S. unemployment rate hit 14.7%, its highest on record. Economists feared the unemployment rate would climb even higher in May, what with millions . . .
Posted on 6/8/20
Wesco International: Transformative M&A Deal Is Highly Accretive To Shareholders
SummaryThe company is set to acquire Anixter International in Q2 or Q3.The new entity is also expected to double its EPS growth rate and expand its . . .
Posted on 6/8/20
Inovio to Start a Phase 1/2 Study of its COVID-19 Vaccine in South Korea
Inovio (NASDAQ:INO) is partnering with the International Vaccine Institute and Seoul National University Hospital to run a phase 1/2 clinical trial of Inovio's COVID-19 vaccine INO-4800 . . .
Posted on 6/8/20
Why Shares of Alcoa Gained 13% in May
What happenedIt's been a tough ride for shareholders of Alcoa (NYSE:AA) with the stock vastly underperforming the S&P 500 in 2019 and losing nearly 75% of . . .
Posted on 6/5/20
Shift4 Payments Prices IPO
ALLENTOWN, Pa.--(BUSINESS WIRE)--Shift4 Payments, Inc. (NYSE: FOUR), a leading independent provider of integrated payment processing and technology solutions, today announced the pricing of its initial public offering . . .
Posted on 6/5/20
Utz Quality Foods to Combine with Collier Creek Holdings to Form Utz Brands
Utz Quality Foods, LLC, a leading U.S. manufacturer of branded salty snacks, and Collier Creek Holdings (NYSE: CCH, CCH.U, CCH WS), a special purpose acquisition company, . . .
Posted on 6/4/20
Is Covid-19 the Best Thing to Happen to Blockchain?
Blockchain technology was set to revolutionize the world. It came into being in 2017 and at the time, it showed great promise, as there were so . . .
Posted on 6/4/20
ImagineAR Announces Augmented Reality Partnership with North Highland, Ranked By Forbes As One Of America's Best Management Consulting Firms In 2020
ImagineAR(CSE: IP) (OTCQB: IPNFF) an Augmented Reality Company that enables businesses to create their own mobile phone AR campaigns, is pleased to announce the signing of . . .
Posted on 6/4/20
States Hit Hardest by Unemployment Claims – WalletHub Study
With nearly 43 million Americans losing their jobs during the COVID-19 pandemic and new unemployment claims this week higher than in the same week last year, . . .
Posted on 6/4/20
American Eagle Suspends Second-Quarter Dividend, Expects to Cancel for the Rest of the Year
Of all the retail segments hard hit by the COVID-19 pandemic, clothing retailers may have it the worst. Besides the lost business, seasonal inventory also has . . .
Posted on 6/7/20
Life on the Other Side – How Four Entrepreneurs are Embracing the Future
I recently facilitated a conversation among four entrepreneurs, each leading their organizations
Posted on 6/3/20
Study: Residents in Pennsylvania Are Financially Hurting More During COVID-19
Nearly nine in 10 Americans report that the COVID-19 pandemic is causing stress on their personal finances. Like the spread of the virus, financial shocks have . . .
Posted on 6/3/20
CNX Announces Intention to Redeem $400M of Its Senior Notes and Provides Financial Update
CNX Resources Corporation (NYSE: CNX) today announced that it intends to redeem $400 million of its $823.795 million aggregate principal amount of outstanding 5.875% senior notes due . . .
Posted on 6/18/20
Federated Premier Municipal Income Fund to Change Name
Federated Premier Municipal Income Fund (NYSE: FMN) intends to change its name to Federated Hermes Premier Municipal Income Fund. The name change is expected to become . . .
Posted on 6/9/20
West Shore Home Announces Recipients of Healthcare Heroes Event
During the month of May, West Shore Home announced that it would select 6 Healthcare Heroes and give them a free shower or tub replacement completely . . .
Posted on 6/3/20
Beyond Spots & Dots Launches $15,000 Women-to-Women Grant Program
PITTSBURGH--(BUSINESS WIRE)--Layoffs. Furloughs. Businesses closing their doors. This has been the unfortunate reality for many during the coronavirus pandemic and subsequent stay-at-home orders. In an effort . . .
Posted on 6/3/20
Why Dick's Sporting Goods Stock Was Up 23% in May
What happenedShares of Dick's Sporting Goods (NYSE:DKS) rose 22.7% in May, according to data provided by S&P Global Market Intelligence. But investors should keep the monthly . . .
Posted on 6/3/20
Dick's Sporting Goods Sees E-Commerce Sales Rise 110%
Dick's Sporting Goods (NYSE:DKS) reported its first-quarter earnings today, and while business was negatively impacted by store closures due to the COVID-19 pandemic, its e-commerce business . . .
Posted on 6/3/20
Could Kraft Heinz Be a Millionaire Maker Stock?
Kraft Heinz (NASDAQ:KHC) was once considered a good defensive stock. The combined company, born from the merger of Kraft and Heinz in 2015, owned a diverse . . .
Posted on 6/2/20
Ampco-Pittsburgh Corp. Explores Potential Rights Offering
CARNEGIE, Pa.--(BUSINESS WIRE)--Ampco-Pittsburgh Corporation (NYSE: AP) announced today that it is contemplating a rights offering that would, when initiated, involve the issuance to its shareholders (as . . .
Posted on 6/11/20
Recessions and Private Equity
(Second in a series on corporate finance during an economic crisis.)We know from the history of recessions that thousands of mergers and acquisition (M&A) transactions occur . . .
Posted on 6/2/20
OMEGA Federal Credit Union Partners With Member Driven Technologies
FARMINGTON HILLS, Mich.--(BUSINESS WIRE)--Member Driven Technologies (MDT), a CUSO that hosts the Episys core platform from Symitar® to provide a private cloud alternative for core processing . . .
Posted on 6/2/20
CyberCrunch Earns Prestigious Data Destruction Certification
CyberCrunch, the leading international data destruction and electronics recycling firm, has earned the prestigious AAA certification from the National Association for Information Destruction (NAID) for solid . . .
Posted on 6/2/20
2020's Safest States in America – WalletHub Study
June is National Safety Month. With the U.S. devastated by the coronavirus pandemic this year, the personal-finance website WalletHub today released its report on 2020's Safest . . .
Posted on 6/2/20
73.5 Million Americans Plan to Look for a More Pandemic-Proof Job – WalletHub Survey
About 73.5 million Americans plan to look for a job that is more pandemic-proof, according to WalletHub’s nationally representative Coronavirus and the Future of the Economy . . .
Pittsburgh
