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Highland Opportunities and Income Fund Announces Regular Monthly Distribution
The Highland Opportunities and Income Fund (HFRO) has recently announced its regular monthly distribution on its common stock. Shareholders can look forward to receiving a distribution of $0.0770 per share on October 31, 2023. This…
Highland Global Allocation Fund Announces Monthly Distributions of $0.084 per Share
Dallas-based Highland Global Allocation Fund (NYSE:HGLB) has declared monthly distributions of $0.084 per share, payable on specific dates in October, November, and December 2023. The Fund's level distribution policy ensures a stable…
General Motors and Ford Announce Indefinite Layoffs Due to UAW Strike
General Motors (GM) and Ford Motor have announced that they will be indefinitely laying off an additional 500 workers at four Midwestern plants due to the ongoing United Auto Workers (UAW) strike. The strike, now in its 18th day, has had a…
Boehringer Ingelheim Launches Affordable Biosimilar of Humira, Offering Significant Savings
German pharmaceutical company Boehringer Ingelheim has introduced an unbranded version of its biosimilar for AbbVie's popular rheumatoid arthritis drug, Humira. With a list price 81% lower than Humira, this move aims to provide patients…
PubMatic Launches Activate in Asia-Pacific, Revolutionizing Programmatic Marketplace
PubMatic, the independent technology company specializing in digital advertising's supply chain, has announced the availability of its latest offering, Activate, in the Asia-Pacific region. This end-to-end supply path optimization (SPO)…
Aeglea BioTherapeutics Grants Inducement Awards to Non-Executive Employees
Aeglea BioTherapeutics, a leading biotechnology company focused on advancing antibody therapeutics for inflammatory bowel disease (IBD), has announced the approval of stock options as equity inducement awards for two non-executive…
WeWork Withholds Interest Payments to Improve Capital Structure
WeWork Inc, the flexible workspace provider backed by SoftBank, has announced its decision to withhold interest payments of approximately $95 million related to some of its notes. The move comes as the company aims to improve its capital…
Visa Launches $100 Million Venture Fund for Generative AI Startups
Payments processor Visa has announced the launch of a $100 million venture fund aimed at supporting generative artificial intelligence (AI) startups. This move by Visa follows the trend of several high-profile investors, including Microsoft…
NW Natural Water Completes Acquisition of Rose Valley Water Company
NW Natural Water, a subsidiary of Northwest Natural Holding Company, has successfully acquired Rose Valley Water Company, a water utility serving approximately 2,400 connections in Peoria, Arizona. The acquisition marks NW Natural Water's…
SVB Financial Group Completes Sale of Investment Banking Business to Management Team Group
SVB Financial Group, a leading financial services company, has successfully completed the sale of its investment banking business, SVB Securities LLC, to a management team bidder group led by Jeff Leerink, the Chief Executive Officer and…