Business Wire

OLDWICK, N.J.--(BUSINESS WIRE)-- AM Best has removed from under review with negative implications and downgraded the Financial Strength Rating (FSR) to B (Fair) from B+ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “bb+” (Fair) from “bbb-” (Good) of SILAC Insurance Company (SILAC) (Salt Lake City, UT). The outlook assigned to the FSR is stable while the outlook assigned to the Long-Term ICR is negative.

The Credit Ratings (ratings) reflect... (continue reading...)

NEW YORK--(BUSINESS WIRE)-- Saba Capital Income & Opportunities Fund II (NYSE: SABA) (the “Fund”), a registered closed-end management investment company listed on the New York Stock Exchange, today announced that its Board of Trustees has renewed its share repurchase authorization for the Fund to repurchase up to 10% of its total common shares for the fiscal year ending October 31, 2025.

The share repurchase program is intended to increase the Fund’s net asset... (continue reading...)

SHERMAN, Texas--(BUSINESS WIRE)-- A federal court jury has delivered a $21.35 million verdict on behalf of a former East Texas police captain who was wrongfully fired after alleging unlawful collusion among elected officials in Wood County.

Terry Bevill was fired, then arrested, for signing an affidavit in 2017 saying he didn’t think a friend could get a fair trial in the East Texas county because of an improperly close relationship among the county sheriff, the... (continue reading...)

Barclays appoints Greg Petit as Head of Infrastructure, Power and Utilities for Canada, and Ken Davis as Head of Western Canadian Coverage

NEW YORK--(BUSINESS WIRE)-- Barclays today announces the appointments of Greg Petit as Head of Infrastructure, Power and Utilities for Canada, and Ken Davis as Head of Western Canadian Coverage. Mr. Petit will be based in Toronto, will report to Ryan Voegeli, Head of Investment Banking for Canada, and will collaborate closely... (continue reading...)

MultiPlan Common Stock to Begin Trading on a Split-Adjusted Basis on September 23, 2024

NEW YORK--(BUSINESS WIRE)-- MultiPlan Corporation (“MultiPlan” or the “Company”) (NYSE: MPLN), a leading provider of technology and data-enabled cost management, payment, and revenue integrity solutions to the U.S. health care industry, today announced that the previously announced 1-for-40 reverse stock split of its outstanding shares of Class A common stock (the “common... (continue reading...)