Finance News

SAN JOSE, Calif. & HOUSTON--(BUSINESS WIRE)--Linqto, Inc. today announced that the Company’s Plan of Reorganization (“the Plan”) was confirmed by the United States Bankruptcy Court for the Southern District of Texas. With this approval in place, the Company expects the Plan to be effective and to emerge from Chapter 11 as soon as practicable. Last week, Linqto announced that customers overwhelmingly voted to approve the Company’s Chapter 11 bankruptcy plan, with more than 95% of the customers w...

NEW YORK--(BUSINESS WIRE)--Blackstone Mortgage Trust, Inc. (NYSE: BXMT) today announced the tax treatment of its 2025 class A common stock dividends. The following table summarizes BXMT’s class A common stock dividend payments for the tax year ended December 31, 2025:           Box 1a   Box 1b   Box 2a   Box 3   Box 5   Distribution Capital Non- Section   Record Payment Cash Allocable   Ordinary   Qualified   Gain   Dividend   199A   Date Date Distribution to 2025   Dividends   Dividends (1) Di...

NEW YORK--(BUSINESS WIRE)--Cantor Equity Partners VI, Inc. (Nasdaq: CEPS) (the “Company”) announced today that it closed its initial public offering of 11,500,000 Class A ordinary shares at $10.00 per share, including 1,500,000 shares pursuant to the full exercise of the underwriter’s over-allotment option. The shares began trading on the Nasdaq Global Market under the symbol “CEPS” on February 5, 2026. Of the proceeds received from the consummation of the initial public offering and a simultan...

NEW YORK--(BUSINESS WIRE)--Kalshi, the world’s largest prediction market, today announced that NBA star Giannis Antetokounmpo is joining the company as a shareholder. Antetokounmpo will be the company’s first basketball star to join as a shareholder, and will partner with the company at live events, in marketing, and more. The partnership was announced Friday via Antetokounmpo’s social media accounts. Through his company, Ante Inc., Antetokounmpo has previous investments in a wide range of comp...

VANCOUVER, British Columbia--(BUSINESS WIRE)--Venzee Technologies Inc. (TSXV: VENZ) (“Venzee” or the “Company”) announces that Ms. Hebe Chen has been appointed as Venzee’s new Chief Financial Officer, replacing Mr. Darren Battersby. Mr. Battersby will remain on the board of directors of the Company, when he has been a director since August 2024. Venzee wishes to thank Mr. Battersby for his many years of service as Chief Financial Officer of Venzee. Ms. Chen is a member of Digital Commerce Group...

NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) today announced that it has completed the acquisitions of strategic minority ownership stakes in Convex Group Limited (“Convex”), a privately held, global specialty insurer, and Onex Corporation (“Onex”) (TSE: ONEX), a publicly traded global asset manager. Pursuant to these transactions, AIG has acquired an approximately 35% equity interest in Convex for approximately $2.1 billion, and a 9.9% ownership stake in Onex for a...

HARRISBURG, Pa.--(BUSINESS WIRE)--Mid Penn Bancorp, Inc. (“Mid Penn”) (NASDAQ: MPB), the parent company of Mid Penn Bank, and 1st Colonial Bancorp, Inc. (“1st Colonial”) (OTCPK: FCOB), the parent company of 1st Colonial Community Bank, announced today that they have received all required regulatory approvals to complete the previously announced transaction pursuant to which Mid Penn will acquire 1st Colonial in a cash and stock transaction valued at approximately $101 million. Pending receipt o...

RYE, N.Y.--(BUSINESS WIRE)--Acadia Realty Trust (NYSE: AKR) (“Acadia” or the “Company”) today announced the year-end promotions for the following professionals to support its continued growth: AJ Levine has been promoted to Executive Vice President, Leasing and Development. In his role, Mr. Levine will continue to lead leasing and development initiatives while assuming oversight of the Company’s property management and marketing teams, further supporting the Company’s internal growth strategy....

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” (Superior) of the life/health insurance subsidiaries of Prudential Financial, Inc. (PFI) (Newark, NJ) [NYSE: PRU], collectively referred to as Prudential. Concurrently, AM Best has affirmed the Long-Term ICR of “a-” (Excellent) of PFI and all Long- and Short-Term Issue Credit Ratings (Long-Term IR; Short-Term IR) of the group....

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has placed under review with negative implications the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” (Good) of Hanover Fire & Casualty Insurance Company (Hanover) (King of Prussia, PA). Hanover, a Pennsylvania-domiciled insurer, provides predominantly personal property lines of business including fire and other liability, burglary/theft, allied lines and homeowners. The company is being acquired by Mid-Hudson...