Of Interest

Citibank to Pay More Than $38MM for Improper Handling of ADRs

The Securities and Exchange Commission announced that Citibank has agreed to pay $38.7 million to settle charges of improper handling of “pre-released” American Depositary Receipts (ADRs). read more

Bloomberg: GE Could Face More Tax Worries

Bloomberg reported that General Electric could face mounting tax liabilities in the coming months thanks to the Tax Cuts and Jobs Act. read more

Seabury Capital’s Maritime Subsidiary Expands Executive Team

Seabury Maritime appointed Fernando Lehrer as executive director, head of Marine Services, and Nikos Petrakakos as vice president, head of Maritime Environmental Innovation. read more

QuickBridge Releases Cybersecurity White Paper in Time for the Holidays

QuickBridge Funding released its latest white paper “Cybersecurity and Small Businesses: Are You Protecting Your Customers?” to provide advice to businesses on how to protect their data from cybercriminals. read more

Caterpillar Ventures Invests in Fisker

Caterpillar subsidiary Caterpillar Venture Capital made a strategic investment in Fisker, an e-mobility and technology company developing electric vehicles and proprietary solid-state battery technologies. read more

American Railcar Industries to Merge with ITE Rail Fund

American Railcar Industries agreed to merge with a wholly-owned subsidiary of ITE Rail Fund in a transaction valued at $1.75 billion. According to CNBC, Carl Icahn stands to earn a $757.2 million profit on the deal. read more

Baker Hughes: Latest U.S. Rig Count up 17% Year/Year

According to Baker Hughes, the latest U.S. rig count was 1,067, up 154 or 16.9% from the 913 rig count for the same time one year ago. read more

Survey: Business Aviation Remains Important to Companies, Communities

GAMA and the NBAA released the latest Harris Poll of the business aviation community, which illustrated a general overview of the state of the industry in 2018. read more

Deutsche Bank: Global Regulations Needed for Transformative Tech

According to “Regulation for Banking Transformation,” a new white paper released by Deutsche Bank, further global regulatory alignment is needed for technology to truly be transformative in the financial sector. read more

Hoyt Joins AllTranstek as Manager of New Tax and Audit Division

AllTranstek recently added Tax and Audit Services to their suite of service offerings. John Hoyt joined the firm as manager of the new division. read more

Jetcraft Market Forecast Expects Continued Growth in Private Jet Sector

Jetcraft’s recently released business aviation market forecast expects steady growth in the private jet industry to continue, with predictions of 8,736 unit deliveries over the next 10 years. read more

Survey: 7-Eleven Franchise Owners Negative on New Agreement

A survey of 7-Eleven franchise owners shows the growing divide between the franchisees and their corporate management, with 85% of respondents disagreeing their store will be more profitable under a proposed new 2019 agreement. read more

Ritchie Bros. Sells $5.5MM Drill Rig in Texas

Kruse Energy Auctioneers, a Ritchie Bros. solution focusing on energy equipment-related auctions, sold a Loadcraft 2000HP SCR drilling rig at its event in Odessa, TX for $5.5 million, making it the most expensive drilling rig the company has ever sold. read more

Artificial Intelligence in Manufacturing to Grow at CAGR of 52%

According to a ResearchAndMarkets report, global artificial intelligence in the manufacturing market is expected to rise with a CAGR of about 52% during the forecast period 2017-2024. read more

GoKapital Expands Portfolio of Loan Programs

GoKapital announced the launch of a new revolving business line of credit program offering $20,000 to $250,000 to established small businesses. read more

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Terry Mulreany
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