New York City Mayor Bill de Blasio says Governor Andrew Cuomo needs to take the allegations of sexual harrassment made against him seriously.(March 1)
New York City Mayor Bill de Blasio says Governor Andrew Cuomo needs to take the allegations of sexual harrassment made against him seriously.(March 1)
(Bloomberg) -- Most U.S. stocks rose, pushing major indexes to all-time highs, as Chinese growth data added to optimism for a global economic recovery. The dollar slipped.The S&P 500 Index headed for its sixth weekly advance in the past seven as strong economic data and a solid start to the corporate earnings season bolstered optimism. Tech shares lagged behind. Chinese stocks outperformed in Asia after a report showed the nation’s economy soared in the first quarter. The Stoxx Europe 600 Index was poised for a seventh week of advances, its longest streak since May 2018.The data from Beijing added to Thursday’s string of positive economic figures out of the U.S., pushing the MSCI All-Country World Index to a fresh record. Treasuries extended Thursday’s gain. Morgan Stanley became the latest American bank to post record first-quarter results.Along with healthy corporate earnings, China’s first-quarter gross domestic product numbers are giving fresh impetus to the reflation trade. In the U.S., Thursday’s retail sales and weekly jobless claims data signaled an accelerating recovery in the world’s biggest economy. Investors will look for further confirmation as the reporting season picks up pace next week, with around 80 S&P 500 members and more than 50 Stoxx 600 firms announcing.“As the economic reopening accelerates in the coming months, we believe the bull market remains on a solid footing,” said Mark Haefele, chief investment officer at UBS Global Wealth Management. “We maintain a cyclical bias and prefer U.S. consumer discretionary, energy, financials and industrials.”Elsewhere, copper remained on course for the best week in about two months and oil was poised for its biggest weekly advance in five. Bitcoin slipped.These are some of the main moves in financial markets:StocksThe S&P 500 Index climbed 0.2% as of 1:29 p.m. New York time.The Stoxx Europe 600 Index jumped 0.9%.The MSCI Asia Pacific Index increased 0.3%.The MSCI Emerging Market Index gained 0.5%.CurrenciesThe Bloomberg Dollar Spot Index fell 0.1%.The euro jumped 0.1% to $1.1979.The British pound gained 0.3% to $1.3823.The onshore yuan was little changed at 6.52 per dollar.The Japanese yen weakened 0.1% to 108.84 per dollar.BondsThe yield on 10-year Treasuries was little changed at 1.58%.The yield on two-year Treasuries climbed less than one basis point to 0.16%.Germany’s 10-year yield advanced three basis points to -0.26%.Britain’s 10-year yield jumped three basis points to 0.764%.Japan’s 10-year yield increased less than one basis point to 0.093%.CommoditiesWest Texas Intermediate crude lost 0.4% to $63.20 a barrel.Brent crude increased 0.1% to $66.85 a barrel.Gold futures strengthened 0.7% to $1,779.10 an ounce.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Veterans United Home Loans and realtor.com® have launched the Stars, Stripes and Summer $100K Veteran Homebuyer Giveaway. The promotion is the ninth sweepstakes collaboration between Veterans United and realtor.com® to give back to military Veterans and service members to say thank you for their service.
In recommending AGAINST the transaction ISS agreed with Capital Returns that the process was suboptimal, the valuation is uncompelling, and the downside risk to rejecting the transaction is low. NEW YORK, April 16, 2021 (GLOBE NEWSWIRE) -- Capital Returns Management, LLC (together with its affiliates, “Capital Returns”), beneficial owner of 147,752 shares of Class A common stock of FBL Financial Group, Inc. (“FBL” or the “Company”) (NYSE: FFG), today issued the following statement welcoming the recommendation from leading proxy advisory firm Institutional Shareholder Services (“ISS”) that shareholders vote AGAINST the proposed merger of FBL with Farm Bureau Financial Property & Casualty Insurance Company (“FBPCIC”): “We are pleased that ISS is recommending that shareholders vote against this deal. The proposed merger materially undervalues FBL and was the result of a flawed process rife with conflicts of interest. The $56 price is grossly inadequate and fails to reflect FBL’s strategic importance to FBPCIC. Given the significant appreciation in life insurance company valuations since the time of the negotiation, the deal offers no real premium to FBL shareholders and there is limited downside risk when shareholders reject this low-ball offer.” In its report, ISS concluded: 1 “Given the suboptimal process, uncompelling valuation, and low downside risk of non-approval, the standalone scenario appears to be a more attractive alternative to the offer. As such, shareholders are recommended to vote against the proposed transaction under the current terms.” ISS also noted the following:1 In the deal, shareholders “would be cashing out below the company's trading range pre-COVID, at a time when interest rates have just begun to rise and would be giving up an annual special dividend.”“Our analysis … concurs with the dissident's argument that the proposed offer does not represent an adequate premium to unaffiliated shareholders.”“The performance of the [S&P 500 Health & Life Insurance Index] and the company's more direct peers appear to validate the dissident's argument that [FBL] shareholders are receiving a minimal premium based on today's valuation.”“The rally in the sector since the announcement also suggests that that downside risk of non-approval may be limited.”“The discount to the three-year historical trading ranges – which appear more relevant based on the interest rate environment – seems to contradict the board's assertion that it has negotiated a premium on behalf of unaffiliated shareholders.”“[T]he company has a robust capital position, has historically paid an attractive annual special dividend, and will benefit from rising rates. Its unique mutually beneficial relationship with IFBF and FBPCIC provides access to a niche market. These attributes appear to be valued favorably by investors, as evidenced by premium trading valuations relative to its peers.”“[…] our analysis nonetheless concurs with the dissident's argument that the proposed offer does not represent an adequate premium to unaffiliated shareholders.” As outlined in our investor presentation dated April 6, 2021, Capital Returns continues to believe that: The transaction is rife with conflicts of interest;The special committee received flawed analysis from its financial advisors;The negotiating process was lackluster at best;The consideration is well below the value implied by comparable transactions and fails to reflect FBL’s strategic importance to FBPCIC;The acquisition proposal offers no real premium to shareholders; andThere is limited downside risk to rejecting the proposal and for FBL to remain independent. Capital Returns encourages its fellow shareholders to review its presentation, its proxy materials, and its shareholder letters, all of which are available at https://saratogaproxy.com/capitalreturns. Capital Returns intends to vote AGAINST the proposed merger and urges all FBL shareholders to vote AGAINST the proposed merger on the GOLD Proxy Card based on the concerns highlighted by ISS and as identified in our proxy materials. About Capital Returns Management: Capital Returns is a sector focused fund that invests exclusively in the insurance industry. 1Permission to quote was not sought or granted. Emphasis added. CONTACT: Investor & Media contacts: Ronald Bobman Capital Returns Management (212) 813 0860 John Ferguson Saratoga Proxy Consulting (212) 257-1311 firstname.lastname@example.org
Making a quality pizza at home is not as hard as you think. The post How to make homemade pizza that tastes gourmet, even without a wood-burning oven appeared first on In The Know.
TORONTO, April 16, 2021 (GLOBE NEWSWIRE) -- (TSX: PFIA) Picton Mahoney Asset Management announced today that it has declared the April 2021 monthly cash distribution of $0.0421 per unit for the ETF units (“ETF Units”) of the Picton Mahoney Fortified Income Alternative Fund. Unitholders of record of the ETF Units, at the close of business on April 23, 2021, will receive a per-unit cash distribution payable on April 30, 2021. About Picton Mahoney Asset Management Picton Mahoney Asset Management specializes in differentiated investment solutions and rules-based volatility management. Picton Mahoney helps its clients fortify their portfolios based on experience honed over the years through different market cycles and investing environments. Founded in 2004 and 100% employee-owned, Picton Mahoney is a portfolio management boutique entrusted with over $8.7 billion (as at March 31, 2021) in assets under management. Pioneers of Authentic Hedge® investment principles and practices in Canada, the firm offers a full suite of investment solutions, including mutual and alternative funds, to institutional and retail investors across the country. Commissions, trailing commissions, management fees, performance fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated. Alternative funds can only be purchased through a registered dealer and are available only in those jurisdictions where they may be lawfully offered for sale. For further information please contact: Arthur Galloway Picton Mahoney Asset Management Tel: (416) 955-4108 Web site: www.pictonmahoney.com Email: email@example.com
A vocal critic of President Jair Bolsonaro is expected to lead a congressional inquiry on the government's handling of the coronavirus pandemic, five sources told Reuters, a blow to the far-right leader's chances of emerging unscathed from the scrutiny. The probe will investigate whether Bolsonaro's handling of the pandemic has been negligent. Renan Calheiros, a former president of the Senate who has clashed with Bolsonaro, is expected to lead the inquiry, said the sources, requesting anonymity because the decision is not final.
Holley merging with SPAC Empower Ltd. (NYSE: EMPW) Leader in $34 billion fragmented auto enthusiast market Profitable company with 113-year legacy Sales in 2020 +25% to $580 million; 3x biggest competitor Trades at just 10x 2021 Ebitda, well below comparable companies Fox , Thule, YETI Expanding into products for performance EVs Active M&A pipeline, recently […]
Messi is an adorable pet pumaLocator: Penza, RussiaAleksandr and Maria Dmitriev have fostered the male puma for five years(SOUNDBITE) (Russian) MESSI'S OWNER, ALEKSANDR DMITRIEV, SAYING: "As much as I attached to him as much he is attached to me. In fact we have this very strong bond between each other. When for example I leave home the cat doesn't want to go out of the house, he doesn't eat, he is very worried. Always meets me when I return home."The Dmitrievs bought the exotic cat from the petting zooThe couple have set up a social media account for Messiposting photos and videos of their daily life with the big cat(SOUNDBITE) (Russian) MESSI'S OWNER, ALEKSANDR DMITRIEV, SAYING: "The thing is that Messi has got a unique temper. Such animals like him don't inhabit planet Earth. As they say - many can go to sleep with a tiger, but only a few will wake up and that's his uniqueness, his social determination and his social skills in regard to humans. There is nothing like him exists not only among pumas but among any wild animals in general."
From an Arab woman fleeing political upheaval in Lebanon, to a British man escaping Brexit for Spain. How have international migrants started their new lives during the pandemic, asks Alice Hutton
Amid the cascade of U.S. sanctions imposed Thursday on Russian cybersecurity companies and officials alleged to be operating on behalf of the Kremlin's intelligence services, one company stood out: the Fresh Air Farm House in Karachi, Pakistan. The Farm House, whose Facebook page https://www.facebook.com/FreshAirFarmHouseKarachi shows a waterpark-equipped holiday rental, is run by 34-year-old Mohsin Raza, one of two founders of an online fake ID business that prosecutors say helped Russian operatives get a toehold in the United States. According to a U.S. Treasury statement and an indictment issued this week by federal prosecutors in New Jersey, Raza operated a digital fake ID mill, churning out images of doctored drivers' licenses, bogus passports and forged utility bills to help rogue clients pass verification checks at U.S. payment companies and tech firms.
The "Dental Floss Market - Growth, Trends, COVID-19 Impact, and Forecast (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
‘We love her and know how lucky we are to have had her in our lives’
ComEd Files for First Delivery Rate Increase in Four Years to Support Needed Reliability and Clean Energy Transition
Jay Soled, Rutgers School of Business Professor and Rutgers Masters in Taxation Program Director joins the Yahoo Finance Live panel to discuss estate taxes and the impact of the Tax Cuts and Jobs Act of 2017 to estate taxes.
Jose Mourinho needs a result tonight with the pressure on the Tottenham boss as Spurs head to Goodison Park to face Everton. Tottenham sit seventh in the Premier League table, six points behind fourth-placed West Ham with seven games of the season remaining - and time is running out for Spurs to get points on the board to mount a bid for Champions League qualification.
The Joint Committee on Vaccination and Immunisation has issued new advice.
TORONTO, April 16, 2021 (GLOBE NEWSWIRE) -- Colliers International Group Inc. (TSX: CIGI; NASDAQ: CIGI) (“Colliers” or the “Company”) today announced that it has completed the previously announced transaction (the “Transaction”) to settle the Management Services Agreement (the “MSA”), including the long-term incentive arrangement, between Colliers, Jay S. Hennick and Jayset Management CIG Inc., a corporation controlled by Mr. Hennick. The Transaction has also established a timeline for the orderly elimination of Colliers’ dual class voting structure by no later than September 1, 2028. Colliers and Mr. Hennick have entered into a new five-year management services agreement, with mutual one-year renewal options thereafter (the "New MSA") pursuant to which Mr. Hennick will continue to provide services to Colliers as, at his option, the Chief Executive Officer and/or Executive Chairman. The New MSA is substantially similar to the current MSA, except that there is no entitlement to a long-term incentive arrangement, stock options or other equity-linked compensation. Mr. Hennick continues as the Chairman and Chief Executive Officer of the Company and has control and direction over a total of 5,005,369 Subordinate Voting Shares and 1,325,694 Multiple Voting Shares, which in the aggregate represent 14.4% of Colliers’ total outstanding shares and which carry 45.6% of the total votes associated with Colliers shares. About ColliersColliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 67 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to real estate occupiers, owners and investors. For more than 25 years, our experienced leadership with significant insider ownership has delivered compound annual investment returns of almost 20% for shareholders. With annualized revenues of $3.0 billion ($3.3 billion including affiliates) and $40 billion of assets under management, we maximize the potential of property and accelerate the success of our clients and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn. COMPANY CONTACTS:Peter F. CohenLead DirectorChristian MayerChief Financial Officer(416) 960-9500
Free lunch, free dessert, even a free ride(!) are all on the list 😱
US authorities say it is still too early to know what motivated a gunman who killed eight employees at a FedEx facility in Indianapolis and wounded several others before taking his own life.The shooting - the latest in a spate of mass shootings across the United States - unfolded at a FedEx operations centre near the Indianapolis International Airport after 11pm local time on Thursday, police said.
Peaky Blinders star Helen McCrory has died aged 52 from cancer, her husband Damian Lewis announced. In a message posted on social media, Lewis said she had been “surrounded by a wave of love” and died peacefully at home. McCrory, who was awarded the OBE for services to drama in 2017, was probably best known for playing the fearsome matriarch Polly in crime drama Peaky Blinders but also had a critically acclaimed stage career winning plaudits for National Theatre roles in productions of Medea and Terence Rattigan’s post war drama The Deep Blue Sea.