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AM Best Revises Outlooks to Negative for New Era Group Members
OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of New Era Life Insurance Company, New Era Life Insurance Company of the Midwest and Philadelphia American Life Insurance Company, which are referred to as New Era Group (Houston, TX). The ratings reflect New Era Group’s balance sheet strength, which AM Best assesses as strong, as well as...
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Faraday Future Announces the Termination of 5.36 Million Warrants; Cumulative Permanent Warrant Cancellations are Approx. 49.9 Million Since 2025; Optimizes the Closing Structure of Its July 2025 Financing to Accelerate the Arrival of Committed Funds
LOS ANGELES--(BUSINESS WIRE)--Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) (“Faraday Future,” “FF” or the “Company”), a global Embodied AI (EAI) ecosystem company headquartered in California, today announced two initiatives that further strengthen the Company's capital structure and enhance its capital efficiency.First, the Company entered into warrant termination agreements with two investors, pursuant to which warrants to purchase an aggregate of 5,359,525 shares of Class A common s...
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Investigation Launched into GPGI, Inc. (GPGI), Attorneys Encourage Investors and Potential Witnesses to Contact Robbins Geller Rudman & Dowd LLP
SAN DIEGO--(BUSINESS WIRE)--Robbins Geller is investigating potential violations of federal securities laws by GPGI....
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Travere Therapeutics Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
SAN DIEGO--(BUSINESS WIRE)--Travere Therapeutics, Inc. (Nasdaq: TVTX) today announced that on July 10, 2026, the Compensation Committee of its Board of Directors granted inducement equity grants covering an aggregate of 41,600 shares of its common stock to six new employees, consisting of inducement stock options to purchase an aggregate of 18,000 shares of common stock and inducement restricted stock units, or RSUs, covering an aggregate of 23,600 shares of its common stock. These inducement s...
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DWS Municipal Income Trust Declares Monthly Distribution
NEW YORK--(BUSINESS WIRE)--DWS Municipal Income Trust (KTF) (the “Fund”) announced today its regular July monthly distribution. Details are as follows: Declaration – 07/10/2026 Ex-Date – 07/22/2026 Record – 07/22/2026 Payable – 07/31/2026 Fund Ticker Distribution Per Share Prior Distribution Per Share DWS Municipal Income Trust KTF $0.0610 $0.0610 The Fund intends to distribute all or substantially all of its net investment income each year through its regular monthly distributions and...
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AM Best Upgrades Credit Ratings of Worldwide Reinsurance Limited
MEXICO CITY--(BUSINESS WIRE)--AM Best has upgraded the Financial Strength Rating (FSR) to B++ (Good) from B+ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb” (Good) from “bbb-” (Good) of Worldwide Reinsurance Limited (Worldwide Re) (Trinidad and Tobago). Concurrently, AM Best has revised the FSR outlook to stable from positive while the outlook of the Long-Term ICR is positive. The Credit Ratings (ratings) reflect Worldwide Re’s balance sheet strength, which AM Best assess...
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AM Best Sube las Calificaciones Crediticias de Worldwide Reinsurance Limited
México, Ciudad de México--(BUSINESS WIRE)--AM Best ha subido la Calificación de Fortaleza Financiera (FSR, por sus siglas en inglés) a B++ (Buena) de B+ (Buena) y la Calificación Crediticia de Emisor (ICR, por sus siglas en inglés) de Largo Plazo a “bbb” (Buena) de “bbb-” (Buena) de Worldwide Reinsurance Limited (Worldwide Re) (Trinidad y Tobago). Al mismo tiempo, AM Best ha revisado la perspectiva de la FSR a estable de positiva mientras que la perspectiva de la ICR es positiva. Las Calificaci...
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AM Best Afirma Calificaciones Crediticias de General de Seguros, S.A.
CIUDAD DE MÉXICO--(BUSINESS WIRE)--AM Best ha afirmado la Calificación de Fortaleza Financiera (FSR, por sus siglas en inglés) de A (Excelente), y la Calificación Crediticia de Emisor (ICR, por sus siglas en inglés) de Largo Plazo de “a” (Excelente) de General de Seguros, S.A. (GS) (Panamá). La perspectiva de estas Calificaciones Crediticias (calificaciones) es estable. Las calificaciones de GS reflejan la fortaleza de su balance, la cual AM Best evalúa como la más fuerte, así como su desempeño...
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Illinois Appellate Court Affirms $45 Million Mesothelioma Verdict Against Johnson & Johnson and Kenvue
DALLAS--(BUSINESS WIRE)--Dean Omar Branham Shirley, LLP (DOBS), announced today that the Illinois Appellate Court has affirmed a $45 million jury verdict awarded to the family of Theresa Garcia, who developed the deadly disease mesothelioma after decades of using Johnson & Johnson's Baby Powder. This product and other talc-based products have been found to be contaminated with asbestos.The decision represents a significant appellate victory for asbestos victims and rejects Johnson & John...
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Nuveen Churchill Direct Lending Corp. Announces Closing of Public Offering of Additional $100.0 Million 6.650% Notes Due 2030
NEW YORK--(BUSINESS WIRE)--Nuveen Churchill Direct Lending Corp. (the “Company,” “we,” “us,” or “our”) (NYSE: NCDL) today announced that it has closed an underwritten public offering of an additional $100.0 million in aggregate principal amount of its 6.650% unsecured notes due 2030 (the “Notes”), which resulted in net proceeds to the Company of approximately $99.4 million, after deducting the underwriting discount and the estimated offering expenses payable by the Company. Purchasers will be r...