Business Update News

NEW YORK--(BUSINESS WIRE)--GS Power Partners (GS Power), a leading Independent Power Producer backed by CVC DIF and dedicated to advancing America's clean power future, today announced that it has successfully closed a $250 million capital raise provided by Deutsche Bank. The $250M debt facility will be used to establish a centralized corporate capital platform that will support GS Power’s development pipeline and long-term growth strategy. This consistent, flexible funding enables GS Power to...

MINNEAPOLIS--(BUSINESS WIRE)--Coherent Solutions has released a Future of Finance research illustrating how AI is advancing fraud detection in financial services. The research offers financial institutions a strategic framework to address rising and more sophisticated fraud techniques with adaptive, human-in-the-loop AI systems, based on the firm’s extensive experience in AI engineering. This white paper addresses the modern threat of transaction fraud, which is becoming faster and smarter whil...

MIAMI--(BUSINESS WIRE)--The Hackett Group, Inc. (NASDAQ: HCKT), a leading Gen AI consultancy and enterprise digital transformation firm, today announced the release of its 2026 Procurement Key Issues Study, which finds that procurement organizations are entering a pivotal phase in their use of artificial intelligence (AI), as AI-enabled technology emerges as a leading driver of transformation across the function. The research finds that deploying AI-enabled technology has risen into the top thr...

NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae (Nasdaq: SLM) today announced new and expanded graduate loan options for medical and dental students, supporting students from the first year of school through the transition into clinical practice. The enhanced offerings expand credit eligibility for qualified students and provide responsible financing with competitive interest rates, no origination or application fees, and flexible repayment options that reflect the longer training timelines and finan...

CINCINNATI--(BUSINESS WIRE)--The updated Swiffer PowerMop pads make floor cleaning easier by tackling the constant effort and lackluster results that mop and buckets often leave behind. With more scrubbing power and smart new features, the upgraded pads deliver a deeper, stronger clean you can see and feel, and it even passes the white sock test by showing how much dirt other methods miss. “People are looking for a deeper clean they can see and feel, and that’s exactly what the upgraded Swiffer...

HARTFORD, Conn.--(BUSINESS WIRE)--The Hartford was named as the top performing company in the Insurance category in Just Capital’s annual Rankings. This marks the eighth consecutive year that The Hartford has been included on the list, which celebrates companies’ leadership and performance in serving customers, communities, employees and shareholders. “We are honored to be recognized as the leading insurance company by Just Capital, demonstrating how our values and commitment to our customers,...

NEW YORK--(BUSINESS WIRE)--Merchant Industry today introduced Suede, marking the next evolution of the company as it expands its vision for modern merchant services and payments technology. The new name reflects an intentional reimagining of how the company delivers value to merchants, partners, and employees—building on its proven foundation while positioning the organization for a significantly larger opportunity ahead. The introduction of Suede follows the company’s acquisition by Lovell Min...

BOSTON--(BUSINESS WIRE)--Velotic™ today announced its launch as a leading independent industrial software company, uniting multiple trusted platforms to advance a new era for industrial and manufacturing technology. The formation of Velotic coincides with the closings of TPG’s previously announced acquisitions of Proficy, the former manufacturing software business of GE Vernova, and PTC’s former industrial connectivity and Internet of Things (IoT) businesses. Backed by TPG, Velotic delivers a l...

NEW YORK--(BUSINESS WIRE)--Morgan Stanley Investment Management (MSIM), through investment funds managed by Morgan Stanley Infrastructure Partners (MSIP), its private infrastructure investment platform, today announced it has agreed to sell its ownership stake in Thermal Bayonne Holdings, LLC (Bayonne Energy Center or Bayonne) to Jupiter Energy Investor, LLC. Located in Bayonne, New Jersey, Bayonne Energy Center supplies electricity, capacity, and ancillary services exclusively to New York City...

WASHINGTON--(BUSINESS WIRE)--FS Vector, a leading Washington, D.C.-based strategic consulting firm for companies innovating in financial services, today announced the promotion of Ethan Singleton to Partner and the opening of the firm’s New York City office, marking important milestones in the firm’s continued expansion. As Partner, Ethan will help drive FS Vector’s growth in New York and continue advising banks, fintechs, digital asset firms, and technology providers on the design, launch, and...