Of Interest

CIT Donates 2 Million Meals to Fight Hunger

CIT Group’s annual partnership with Feeding America helped provide 2 million meals to people in need this holiday season. With the support of its customers, employees and followers, CIT brought awareness to the pressing issue of food insecurity across the country. read more

Ubiquity Solar Acquires Rights to Assets of Alta Devices From Utica Leaseco

Ubiquity Solar and Utica Leaseco executed a definitive agreement whereby Ubiquity has procured from Utica rights to the intellectual property, R&D, production, inventory and other assets previously part of Alta Devices of Sunnyvale, CA. read more

FASB Proposes Improvements to Accounting for Revenue Contracts in Business Combinations

The Financial Accounting Standards Board issued a proposed accounting standards update intended to address inconsistency and diversity in practice related to the accounting for revenue contracts with customers acquired in a business combination. read more

Ryder Wins Green Supply Chain Award

Ryder System received the SDCE Green Supply Chain Award for 2020 from Supply & Demand Chain Executive. The award program recognizes third-party logistics providers making sustainability a core part of their internal supply chain strategies. read more

Fleet Advantage Receives Green Supply Chain Award for Second Time

Fleet Advantage was selected as a 2020 recipient of the Green Supply Chain Award by Supply & Demand Chain Executive. This is the second year that Fleet Advantage has received this award. read more

AICPA: Small Businesses and CPA Firms Should Ready for New Round of Relief Funds

As Congress weighs renewed economic stimulus, CPA firms should be gearing up to assist small businesses whose survival depends on a new round of funding under the Paycheck Protection Program, according to the AICPA and its business and technology arm, CPA.com. read more

Fifth Third Launches COVID-19 Small Business Response and Recovery Initiative

Fifth Third Bank launched the Greater Cincinnati COVID-19 Small Business Response and Recovery Initiative, providing businesses of 25 employees or fewer in low-to-moderate income areas with advice and access to capital through the initiative’s loan and grant programs. read more

CIT to Plant 50,000 Trees in Angeles National Forest to Support Reforestation

CIT and its Pasadena, CA-based banking subsidiary CIT Bank will plant 50,000 trees in Angeles National Forest through a collaboration with One Tree Planted, a nonprofit organization focused on global reforestation. read more

Scorpio Bulkers Sells Kamsarmax Vessel for $20MM

Scorpio Bulkers entered into an agreement with an unaffiliated third party to sell the SBI Zumba, a Kamsarmax bulk carrier built in 2016, for approximately $20 million. Delivery of the vessel is expected to take place in Q1/21. read more

Wolters Kluwer Acquires eOriginal for $280MM

Wolters Kluwer Governance, Risk & Compliance acquired eOriginal, a provider of cloud-based digital lending software, for approximately €231 million ($280 million) in cash. read more

Wiedmeyer of Fleet Advantage Earns Prestigious ATA Certification

Matthew Wiedmeyer, director of fleet services for Fleet Advantage, earned the VMRS specialist certification from the American Trucking Association’s technology and maintenance council. Fewer than 300 individuals hold a VMRS certification in the United States. read more

ISM: Hospital Economic Activity Grows For Sixth-Straight Month in November

Economic activity in the hospital subsector grew in November for the sixth consecutive month, according to the Hospital ISM Report On Business from the Institute for Supply Management. read more

Amur CEO ShahMohammed Gifts $5MM to Bard College

Mostafiz ShahMohammed, chairman and CEO of Amur Equipment Finance, provided a $5 million gift for the endowment of Bard College. ShahMohammed is an alumnus and trustee of Bard College. read more

Epiq Reports 46% Increase in November Commercial Chapter 11 Filings

Commercial Chapter 11 filings increased 46% in November 2020 compared with November of last year, according to data provided by Epiq. read more

Rinaldi Interviews Wintrust’s Phillips in Recent Video

Bob Rinaldi, president of Rinaldi Advisory Services, added a video interview with Kirk Phillips, president and CEO of Wintrust Commercial Finance, to his Leasing Avenues blog. read more

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