The Federal Reserve announced on Thursday stated that it will maintain the target range for the federal funds rate between 5.25% and 5.5%. The Fed made a similar decision in September, pausing its run of hikes aimed at curbing rising inflation that began in March 2022. read more
NOV 3, 2023 - 7:06 am
Equipment rental company H&E Equipment Services acquired the equipment rental assets of Giffin Equipment, a California-based provider of non-residential construction and industrial equipment. read more
NOV 3, 2023 - 6:53 am
Thomas R. Nides, vice chairman of Wells Fargo, will leave the company to return his attention to events in the Middle East. Nides joined Wells Fargo in September after retiring in July as U.S. ambassador to Israel, a post he had held since 2021. read more
OCT 30, 2023 - 7:23 am
Ares Management closed Ares Pathfinder Fund II at $6.6 billion in commitments. The fund was oversubscribed and closed at its hard cap, which exceeded its $5 billion target. read more
OCT 30, 2023 - 7:18 am
Republic First Bancorp, the parent company of Republic Bank, and the Norcross Braca Group signed a securities purchase agreement to effectuate a $35 million investment by the Norcross Braca Group. read more
OCT 30, 2023 - 7:16 am
According to the International Data Corporation’s recently published worldwide information technology industry predictions for 2024 and beyond, by 2025, Global 2000 organizations will allocate more than 40% of their core IT spend to artificial intelligence-related initiatives. read more
OCT 27, 2023 - 7:16 am
Penske Truck Leasing added Xos 100% battery-electric trucks to its fleet, specifically the Xos Stepvan. Penske will deploy the trucks with multiple customers in various industries. read more
OCT 27, 2023 - 7:11 am
For the entire month of September, employees at Transervice Logistics collected books, CDs, DVDs and magazines for The Book Fairies, a book donation organization based in Freeport, NY. read more
OCT 27, 2023 - 7:05 am
Brightwood Capital Advisors provided financing to support the acquisition of Southern Elevator Group, a provider of elevator maintenance, modernization, installation and repair services, by Plexus Capital. read more
OCT 27, 2023 - 7:03 am
According to the second annual BMO Climate Institute Business Leaders Survey, the business impact of climate change is driving more business leaders to think about mitigation plans, especially in the U.S. read more
OCT 26, 2023 - 7:22 am
Ryder entered into a definitive agreement in the third quarter to acquire all of the outstanding equity of IFS Holdings, also known as Impact Fulfillment Services, which specializes in contract packaging, contract manufacturing and warehousing for consumer brands in the U.S. read more
OCT 26, 2023 - 7:18 am
Stearns Bank added John C. Sizer and Lea Márquez Peterson to its board of directors. Sizer and Peterson have experience in audit and regulatory oversight, economic and entrepreneurial empowerment and corporate leadership. read more
OCT 25, 2023 - 7:02 am
Cadence Bank entered into a definitive agreement to sell its insurance operations, Cadence Insurance, to Arthur J. Gallagher & Co. for $904 million in cash. read more
OCT 25, 2023 - 6:55 am
Corbin Advisors Industrial Sentiment Survey found less cautious and more neutral investor sentiment despite near-universal expectations for industrial slowdown and elevated concerns on interest rate environment and geopolitical risk. read more
OCT 20, 2023 - 6:05 am
With the 2024 order season opening in September, the Class 8 backlog increased by 8,700 units from August to 161,300 units, and the backlog-to-build ratio increased to 5.5 months, as published in ACT Research’s latest State of the Industry: NA Classes 5-8 report. read more
OCT 20, 2023 - 6:00 am