Recent Articles from Business Wire

FINNY AI Inc. (“FINNY”), the AI-powered prospecting and marketing platform built specifically for financial advisors, today announced that it has raised $17 million in Series A funding. The round was led by Venrock, with participation from new investors including former Vanguard chairman and CEO William McNabb, Activant and Altruist’s Jason Wenk, as well as continued support from existing investors Y Combinator, Maple VC and Crossbeam Ventures.

SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced the SS&C GlobeOp Forward Redemption Indicator for December 2025 measured 2.35%, down from 2.43% in November.

Southeastern Grocers, LLC (SEG), parent company of Harveys Supermarket and Winn-Dixie, is celebrating the season of giving by announcing more than $368,000 in combined monetary and product donations delivered through its holiday hunger-relief initiatives. This total includes a contribution of $180,000 to Feeding America®, generated through SEG’s in-store community donation programs, and more than $188,000 in product provided to local food pantries through the grocer’s holiday pre-packed donation bag program.

Kaskela Law LLC has launched an investigation into the fairness of the recently announced proposed acquisition of Comerica Inc. (NYSE: CMA) to determine whether the as-proposed stock exchange ratio undervalues Comerica’s shares.

Krispy Kreme, Inc. (NASDAQ: DNUT) (“Krispy Kreme”, or the “Company”) today announced that it has reached an agreement for Unison Capital, Inc. (“Unison”) to purchase its operations in Japan. Cash proceeds from this transaction are estimated to be approximately $65 million dependent on the fiscal year 2025 financial results for Japan. Proceeds are expected to be used for debt pay down after transaction-related fees and expenses. The transaction is projected to close in the first quarter of 2026.

The board of directors of Ryder System, Inc. (NYSE: R) today announces the appointment of Tammy Romo, 63, to its board, effective January 5, 2026. Romo will serve as a member of the Audit and Finance Committees.

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Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Burke & Herbert Financial Services Corp. (NASDAQ: BHRB) and LINKBANCORP, Inc. is fair to Burke & Herbert shareholders. Upon completion of the proposed transaction, Burke & Herbert shareholders are expected to own approximately 75% of the combined company.

Better Home & Finance Holding Company (NASDAQ: BETR; BETRW) (“Better” or the “Company”) announced the appointment of Barry Feierstein as Better’s Chief Operating Officer (COO). Mr. Feierstein will oversee Better’s core Corporate Operations to help drive alignment and efficiency across the organization.

Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of LINKBANCORP, Inc. (NASDAQ: LNKB) to Burke & Herbert Financial Services Corp. for 0.1350 shares of Burke & Herbert common stock for each share of LINKBANCORP common stock is fair to LINKBANCORP shareholders.

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Today Air Lease (NYSE: AL) announced the delivery of one new Airbus A321-200neo XLR aircraft to Uzbekistan based airline, Qanot Sharq. This is the first A321XLR to join Qanot Sharq’s fleet and the first of four new A321XLR aircraft to deliver to the airline on long-term lease from Air Lease.

Nextdoor Holdings, Inc. (NYSE: NXDR), the essential neighborhood network, today announced expanded integrations for Nextdoor Alerts, implementing real-time earthquake data from the U.S. Geological Survey (USGS). This integration, along with the recent addition of Waze’s road and traffic data, significantly broadens the scope of critical, timely information available on Nextdoor – cementing the platform’s real-time value.

Babcock & Wilcox (B&W) (NYSE: BW) announced today that it has been awarded a $40 million contract to supply advanced low-pressure Wet Gas Scrubbing (WGS) technology for installation at a major petroleum refinery in Canada. This award represents an additional $30 million commitment from the customer, following an initial $10 million order announced in September.

Cinemo, a global leader and highly innovative one-stop-shop provider for fully integrated digital media products announces today the launch of its next-generation, AI-powered cockpit solutions - Cinemo ICO™. By bringing agentic AI, Cinemo unlocks a truly intelligent cockpit - connecting vehicles, drivers, passengers, and their digital ecosystems into one seamless, personal and context-aware flow.

As 2026 approaches, California Employers Association has released an important advisory on new state and federal laws affecting everything from minimum wage and taxes on overtime and tips to artificial intelligence and immigration enforcement.

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S3NS, a subsidiary of Thales in partnership with Google Cloud, today announced that PREMI3NS, its "Trusted Cloud" (Cloud de confiance) offering, has received the SecNumCloud 3.2 qualification delivered by the French National Agency for the Security of Information Systems (ANSSI). Meeting SecNumCloud 3.2’s protection and resilience requirements, which are known as the most demanding ones in France and Europe, it offers immunity from non-European extraterritorial laws.

Strategic Storage Growth Trust III, Inc. (“SSGT III”), a private real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT, Inc. (“SmartStop”) (NYSE: SMA), announced the acquisition of a three-property self-storage portfolio in Spartanburg County, South Carolina. The portfolio totals approximately 179,900 net rentable square feet and includes approximately 1,580 storage units, the majority of which are climate-controlled, along with approximately 120 parking spaces. These three properties were acquired by SSGT III in Delaware Statutory Trusts.

Andersen Group Inc. (“Andersen”), a leading provider of independent tax, valuation and financial advisory services to individuals and family offices, businesses and funds in the United States, today announced the closing of its initial public offering of 12,650,000 shares of its Class A common stock, which includes the exercise in full of the underwriters’ over-allotment option to purchase an additional 1,650,000 shares of Class A common stock at a public offering price of $16.00 per share. The aggregate gross proceeds from the offering, before deducting underwriting discounts and commissions and estimated offering expenses, were $202.4 million. Andersen’s Class A common stock began trading on the New York Stock Exchange on December 17, 2025, under the ticker symbol “ANDG.”

Meiji Seika Pharma Co., Ltd. (Headquarters: Chuo-ku, Tokyo; President & CEO: Toshiaki Nagasato) today announced that it has entered into a partnership agreement with MBC BioLabs which is a private organization supporting the development of biotech startup companies in California’s San Francisco Bay Area.

Ascend Elements, the global leader in circular battery materials, today announced a series of year-end milestones that cap a transformational 2025 and position the company for accelerated growth through 2026 and beyond. Ascend Elements stands alone as the proven, US- and EU-based answer to delivering circularity and security from core battery material recycling to engineered-component production at scale, as awareness rises of the vulnerabilities of non-domestic, high-emissions supply chains.

One of the nation’s leading tournament series for boys volleyball, SoCal Cup, hosted its latest ‘Winter Formal’ tournament at the Los Angeles Convention Center (LACC) this past weekend.

The Cannabist Company Holdings Inc. (Cboe CA: CBST) (OTCQB: CBSTF) (“The Cannabist Company” or the “Company”), one of the most experienced cultivators, manufacturers and retailers of cannabis products in the U.S., today announced that, following a go-shop process, it has entered into an agreement to sell all of the ownership interests of its subsidiary engaged in the business of cultivating, producing, manufacturing, distributing and selling cannabis in the Commonwealth of Virginia to an entity affiliated with Millstreet Credit Fund LP for total consideration of $130 million, subject to adjustment. The Virginia assets consist primarily of 5 active retail locations, 1 additional retail location in development, and approximately 82,000 square feet of cultivation and production capacity in the Richmond region.

Compass Minerals (NYSE: CMP), a leading global provider of essential minerals, today announced the company’s board of directors (the board) appointed four new directors as part of a board refreshment initiative.

Shift4 (NYSE: FOUR), a global leader in integrated payments and commerce technology, is thrilled to announce the appointment of the company’s founder Jared Isaacman to serve as the 15th Administrator of the National Aeronautics and Space Administrator (NASA).

Elevate, a global, integrated agency network committed to helping properties forge deeper connections with their audiences to unlock growth, today announced the strategic acquisitions of Downstream and GA. Together, the combination brings Elevate Creative to more than 250 designers, technologists, and strategists worldwide, operating from studios across North America, Europe, and Asia, and serving more than 400 combined clients globally. These acquisitions mark a bold step forward in the evolution of Elevate Creative, uniting three world-class studios to create a fully integrated design group that dissolves the traditional boundaries within the built environment between interior architecture, immersive technology, and experiential design.

Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of the securities of Coupang, Inc. (NYSE: CPNG) between August 6, 2025 and December 16, 2025, both dates inclusive (the “Class Period”). The lawsuit seeks to recover damages for Coupang investors under the federal securities laws.

Enry’s Island SpA (WBAG:EIOS), the world’s first publicly listed venture builder, announces a new era of growth, innovation, and the democratization of Venture Capital (VC). The company has delivered exceptional results, consolidating its position as an industry leader through a strategic positioning in the rapidly expanding gaming market.

A newly rebranded company has emerged from the roofing technology division of Energy Service Partners (ESP). The thriving QNTUM (QNTUM.com) home services business is now an independent company, bringing forward the technology, sales and installation success it established within the solar industry since 2015, and in roofing since 2018.

Kaiser Aluminum Corporation (NASDAQ: KALU) (the "Company" or "Kaiser Aluminum") today announced that Hugh (Jack) J. Barger, III has been appointed as the Company's Executive Vice President – Sales and Marketing, effective January 1, 2026. This transition is part of the Company’s succession planning with Mr. Barger assuming the role and responsibilities of Blain A. Tiffany, the Company’s current Executive Vice President – Sales and Marketing in connection with his anticipated retirement. Mr. Barger joined the Company in June 2025 as the Company’s Senior Vice President – Sales and Marketing.

Advocacy today announced the release of Version 2.0 of its platform, significantly expanding the industry’s first context-centric AI litigation workspace. While the broader market is only beginning to recognize the necessity of context in legal AI, Advocacy has been architecting its platform around this requirement for the past 18 months. Version 2.0 takes the platform’s established “case memory,” previously centralized in its AI assistant, and extends that intelligence across every surface where legal work occurs.

MythWorx, a next-generation AI startup with a unique AI/AGI construct and architecture and pioneering reasoning capabilities, announced today market validation and key findings from a Third Eye Advisory report titled, “The Missing Element in AI Trust & Adoption is Behavioural: Next AI from MythWorx” by Dr. Tapati Bandopadhyay.

American International Group, Inc. (NYSE: AIG) in collaboration with Amwins, a global distributor of specialty insurance products and services, and funds managed by Blackstone, the world’s largest alternative asset manager, today announced they will be forming a new Lloyd’s syndicate, Syndicate 2479, a novel structure involving a specialty distributor, insurer and Lloyd’s syndicate backed with third-party capital. On January 1, 2026, Syndicate 2479 will commence underwriting $300 million of premium that will be managed by AIG. This portfolio is representative of a broad and highly diversified cross section of Amwins’ ~$6 billion of delegated authority premiums. As part of the assessment, AIG deployed Palantir’s Foundry capabilities to validate its in-depth analysis of the portfolio.

CoreWeave, Inc. (Nasdaq: CRWV), The Essential Cloud for AI™, today announced it has joined the Genesis Mission, a Department of Energy initiative that brings together the nation’s leading scientific institutions, supercomputing centers, AI platforms, and technology providers to accelerate discovery science, strengthen national security, and advance U.S. energy innovation.

KBRA releases research examining securitizations backed by debt settlement fees, a newly emerging ABS subsector that builds on the established debt settlement ecosystem. This report analyzes the structure and life cycle of debt settlement fees, the distinction between earned and unearned fee cash flows, and the credit, operational, and regulatory risks associated with securitizing these assets. The report also explores how acceleration loans can affect the timing and realization of fee collections and the implications for transaction performance.

PennyMac Mortgage Investment Trust (NYSE: PMT) (“PMT” or the “Company”) today announced that its indirect wholly-owned subsidiary, PennyMac Corp. (“PMC”), has priced an offering of $75 million aggregate principal amount of its 8.500% Exchangeable Senior Notes due 2029 (the “Notes”) to an investor in a direct placement registered under the Securities Act of 1933, as amended. The Notes will be issued as a further reopening of, and will be part of the same series as, the $291.5 million aggregate principal amount of 8.500% Exchangeable Senior Notes due 2029 that PMC previously issued in May 2024 and in a reopening earlier in December 2025, all of which are outstanding. The issuance and sale of the Notes are expected to close on December 22, 2025, subject to the satisfaction of certain closing conditions. Interest on the Notes is payable semiannually in arrears on June 1 and December 1 of each year. The Notes will be fully and unconditionally guaranteed by the Company.

EquityProtect, a leading innovator in real estate fraud prevention and data security, effectively protected a San Luis Obispo County property owner from a sophisticated real estate scam late last month. The situation marks the second time EquityProtect has prevented quit claim deed theft in San Luis Obispo County this year. In September, the company made headlines when it flagged and shut down a scam targeting a client subscribed to its monitoring service in the same county.

Qualified Digital (QD), a leading full-service digital business and experience agency, announced the launch of its AI-assisted migration accelerator, designed to dramatically speed up the transition to the Adobe Experience Platform Web SDK. This innovative solution transforms what has traditionally been a manual, resource-intensive process into a lightning-fast, streamlined deployment.

Mattel, Inc. (Nasdaq: MAT), a leading global toy and family entertainment company and owner of one of the most iconic brand portfolios in the world, today announced that Natalia Premovic has been appointed Chief Consumer Products and Experiences Officer for the company, effective January 5, 2026. In this role, Premovic will oversee global consumer products, experiences, publishing, and location-based entertainment for Mattel. She will report to Mattel Chairman and CEO Ynon Kreiz.

Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) announced today that President and Chief Executive Officer, Rod Larson and other members of management will host meetings with institutional investors at the Goldman Sachs Global Energy, CleanTech & Utilities Conference in Miami, FL on Tuesday, January 6, 2026.

Adobe (Nasdaq: ADBE), the global technology leader that unleashes creativity, productivity and customer experiences through innovative tools and platforms, announced today a multi-year strategic partnership with Runway. The partnership brings together Runway’s generative video technology and Adobe’s industry-leading creative tools, trusted by creators and brands to define the next generation of AI-powered video workflows. Adobe will be Runway’s preferred API creativity partner, enabling Adobe to provide its customers with early access to Runway’s latest models, including Runway’s new Gen-4.5, which is now available for a limited time exclusively in Adobe Firefly – the all-in-one creative AI studio – and on Runway’s platform. The two companies will collaborate to develop new AI innovations that will be available exclusively in Adobe applications, starting with Adobe Firefly.

Pattern Group Inc. (Nasdaq: PTRN), a global leader in accelerating brands on ecommerce marketplaces through proprietary technology and AI, today announced that it has acquired NextWave, a fast-growing TikTok commerce agency specializing in creator-led product discovery, TikTok Shop operations, live selling, and affiliate acceleration.

CareDx, Inc. (Nasdaq: CDNA) today provided notice of proposed settlement of derivative actions and settlement hearing.

Destra Multi-Alternative Fund (NYSE: DMA) today announced that shareholders have approved the proposal presented at the Fund’s Special Meeting of Shareholders, with approximately 79% of votes cast in favor of the proposal.

Lomiko Metals Inc. (TSX.V: LMR) (“Lomiko Metals Inc.” or the “Company”) is pleased to announce that on December 18, 2025, shareholders approved all the resolutions put forth at the Annual and Special Meeting of Shareholders (“AGM”).

AM Best has assigned a Performance Assessment (assessment) of PA-3 (Strong) to Across America Insurance Services, Inc. (AAIS) (Riverside, CA). The outlook assigned to the assessment is stable.

Service Properties Trust (Nasdaq: SVC) (“SVC”) today provided an update on its hotel dispositions and recent actions to strengthen its balance sheet.

Air Lease (NYSE: AL) announced today that its Class A common stockholders have voted to approve the previously announced definitive merger agreement, dated as of September 1, 2025, pursuant to which Air Lease will be acquired by a new holding company named Sumisho Air Lease Corporation DAC, based in Dublin, Ireland, whose shares will be held by Sumitomo Corporation, SMBC Aviation Capital Limited, and investment vehicles affiliated with Apollo managed funds and Brookfield. On the closing of the transaction, Air Lease will be renamed Sumisho Air Lease Corporation. Under the terms of the merger agreement, at the closing of the transaction, Air Lease Class A common stockholders will receive $65.00 in cash for each share of Class A common stock of Air Lease held immediately prior to the effective time of the merger.

ERI, the nation’s leading material resource recovery, ITAD, mobility and data destruction/processing provider and largest recycler of electronics, has joined the Global ITAD Alliance (GIA) as a founding member.

Lee's Famous Recipe® Chicken, a name synonymous with delicious, home-style fried chicken for nearly 60 years, enters a new era of growth in Central Indiana as third-generation legacy Jack Omer acquires the New Castle restaurant and signs a development agreement for six new Lee’s locations to open in the greater Indianapolis area over the next five years. Omer is the grandson of Harold Omer, who co-founded Lee’s with his brother-in-law and Jack’s great-uncle, Lee Cummings.

Balfour Beatty announces the appointment of Justin Maletic as business unit leader for its Central Texas and Arizona buildings operations. In this role, Justin will lead strategic growth and operational excellence across the company’s Austin and Scottsdale offices, with a focus on expanding Balfour Beatty’s presence in key sectors including K-12 and higher education, mission critical, hospitality, tenant improvements and special projects.

The Central and Eastern Europe Fund, Inc. (NYSE: CEE), The New Germany Fund, Inc. (NYSE: GF) and The European Equity Fund, Inc. (NYSE: EEA) (each, a “Fund,” and collectively, the “Funds”) each announced today that its Board of Directors declared the distributions set forth below. Each Fund’s total distributions will be paid in stock except that any stockholder of record as of December 30, 2025, may elect to receive such distribution in cash.

In addition to its regular monthly distribution, DWS Municipal Income Trust announced today a taxable short-term capital gain distribution per common share. The Fund has both common and preferred shares outstanding. In accordance with a position taken by the Internal Revenue Service, the Fund is required to allocate a proportionate share of distributions designated as taxable to both its common and preferred shares.

Shareholders of the Nuveen Select Tax-Free Income Portfolio (NYSE: NXP), Nuveen California Select Tax-Free Income Portfolio (NYSE: NXC), and Nuveen New York Select Tax-Free Income Portfolio (NYSE: NXN) have approved the funds’ reorganization. The reorganization will combine NXC and NXN into NXP. Subject to the satisfaction of certain customary closing conditions, the transactions are expected to become effective before the market opens on January 12, 2026.

Perfect Corp., the leading AI and AR beauty and fashion technology provider and developer of ‘Beautiful AI’ solutions, released its latest trend report, AI Goes Mainstream: The New Era of Holiday Shopping, uncovering how consumers are increasingly relying on AI to shop smarter, spend more intentionally, and discover products with confidence during the holiday season and beyond. The report draws on insights from Perfect Corp.’s YouCam Suite of Apps and the Spate Popularity Index, highlighting a major shift toward personalized, value-driven, and hybrid shopping experiences.

MediTrans, the largest Louisiana based non-emergency medical transportation (NEMT) brokerage, today announced the appointment of Derek Hoy as Chief Executive Officer, marking an important step in the company’s continued growth, operational investment, and commitment to serving Medicaid members across the state.

The Board of Directors of Chimera Investment Corporation announced the declaration of its fourth quarter cash dividend of $0.37 per common share. The dividend is payable on January 30, 2026 to common stockholders of record on December 31, 2025. The ex-dividend date is December 31, 2025.

BigBear.ai (NYSE: BBAI), a leading provider of mission-ready AI for national security, today announced a strategic partnership with C Speed, LLC (C Speed), a U.S.-based leader in radar and defense solutions, and a NewSpring Holdings’ platform company. Together, the companies will integrate BigBear.ai’s ConductorOS AI orchestration platform with C Speed’s software-defined LightWave Radar (LWR) system to deliver intelligent, autonomous, and real-time threat detection and decision support for global defense and homeland security partners.

WM (NYSE: WM) announced that it will release fourth quarter and full-year 2025 financial results after the close of the market on Wednesday, January 28, 2026, and host its live audio webcast for investors on Thursday, January 29, 2026, at 10 a.m. ET.

State Street Corporation (NYSE:STT) today announced a quarterly cash dividend of $0.84 per share of common stock, payable on January 12, 2026 to common shareholders of record at the close of business on January 2, 2026.

The Board of Trustees (the “Board”) of Principal Real Estate Income Fund (the “Fund”), announced today that it has approved a renewal of the Fund’s share repurchase program. Under the share repurchase program, the Fund may purchase up to approximately 2.1% of its outstanding common shares beginning January 21, 2026, in the open market, until January 21, 2027. As part of its evaluation of options to enhance shareholder value, the Board has authorized ALPS Advisors, Inc. (the “Advisor”) to repurchase the Fund’s common shares at such times and in such amounts as the Advisor reasonably believes may enhance shareholder value.

Mark Lashier, chairman and CEO of Phillips 66 (NYSE: PSX), will participate in a fireside chat at the Goldman Sachs Energy, CleanTech & Utilities Conference at 10:20 a.m. ET on Tuesday, Jan. 6, 2026.

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Energy Transfer LP (NYSE: ET) today announced an increase in the transportation capacity of Transwestern Pipeline’s planned Desert Southwest expansion project to meet additional customer demand. The continued population growth and positive economic momentum throughout Arizona and New Mexico will require efficient, reliable energy sources. This recently announced project will serve these markets from Energy Transfer’s premier asset base in the prolific Permian Basin.

Castine Consulting LLC, which provides industry-leading solutions to broker dealers, research providers, asset managers, and hedge funds around the globe, has earned ISO 27001 certification, the company announced today.

UDR, Inc. (NYSE: UDR), a leading multifamily real estate investment trust, today announced that its Board of Directors declared a regular quarterly dividend on its common stock for the fourth quarter of 2025 in the amount of $0.43 per share, payable in cash on February 2, 2026 to UDR common stock shareholders of record as of January 12, 2026. The February 2, 2026 dividend will be the 213th consecutive quarterly dividend paid by the Company on its common stock.

UDR, Inc. (the “Company”) (NYSE: UDR), a leading multifamily real estate investment trust, announced today that it has closed a $230 million expansion of its joint venture with LaSalle Investment Management (the “Partner”), increasing the size of the joint venture to approximately $850 million. Under the terms of the transaction, UDR will:

Energy Transfer LP (NYSE:ET) announced today that it is suspending development of the Lake Charles LNG project in order to focus on allocating capital to its significant backlog of natural gas pipeline infrastructure projects that Energy Transfer believes provides superior risk/return profiles. Energy Transfer management has determined that its continued development of the project is not warranted by Energy Transfer but remains open to discussions with third parties who may have an interest in developing the project.

Teamshares Inc. (“Teamshares”), a tech-enabled acquiror of high-quality businesses, and Live Oak Acquisition Corp. V (NASDAQ: LOKV, “Live Oak V”), a publicly traded special purpose acquisition company, announced the confidential submission of a draft registration statement on Form S-4 with the Securities and Exchange Commission (“SEC”) today in connection with a proposed business combination between Teamshares and Live Oak V announced on November 14, 2025. Upon closing, the combined company will operate as “Teamshares Inc.” and the parties will apply to list securities of the combined company on Nasdaq under the tickers “TMS” and “TMSW.”

Rithm Capital Corp. (NYSE:RITM, “Rithm Capital” or the “Company”) announced today that its Board of Directors (the “Board”) has declared fourth quarter 2025 common and preferred stock dividends.

TWO (Two Harbors Investment Corp, NYSE: TWO), an MSR-focused REIT, today declared a dividend of $0.34 per share of common stock for the fourth quarter of 2025. The fourth quarter dividend is payable on January 29, 2026 to common stockholders of record at the close of business on January 5, 2026.

The First Bancorp (NASDAQ: FNLC), the parent company of First National Bank, today declared a quarterly cash dividend of 37 cents per share. This fourth quarter dividend is payable January 16, 2026 to shareholders of record as of January 6, 2026.

NIKE, Inc. (NYSE:NKE) today reported fiscal 2026 financial results for its second quarter ended November 30, 2025.