Dai Ichi Life Insurance Company Ltd Has $6.31 Million Stock Holdings in Republic Services, Inc. (NYSE:RSG)

angel may

Dai Ichi Life Insurance Company Ltd grew its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 5.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 76,889 shares of the business services provider’s stock after buying an additional 3,966 shares during the quarter. Dai Ichi Life Insurance Company Ltd’s holdings in Republic Services were worth $6,309,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Trexquant Investment LP purchased a new position in shares of Republic Services in the second quarter worth approximately $946,000. MONECO Advisors LLC purchased a new stake in Republic Services during the second quarter valued at approximately $640,000. Sawtooth Solutions LLC lifted its position in Republic Services by 28.1% in the second quarter. Sawtooth Solutions LLC

Read More

Bank of America Directs $300 Million of Its $1 Billion, Four-Year Commitment to Advance Racial Equality and Economic Opportunity

angel may

$25 Million in Support of Jobs Initiative;

$25 Million in Support of Community Outreach and Initiatives;

$50 Million to Minority Depository Institutions;

$200 Million to Minority Entrepreneurs, Businesses and Funds

On June 2, Bank of America made a $1 billion, four-year commitment to advance racial equality and economic opportunity. Today, the company is announcing its initial progress by directing one-third, or $300 million, of its $1 billion commitment to four key areas across 91 U.S. markets and globally: $25 million in support of jobs initiatives in Black and Hispanic/Latino communities, $25 million in support of community outreach and initiatives, $50 million in direct equity investments to Minority Depository Institutions (MDIs), and $200 million of proprietary equity investments in minority entrepreneurs, businesses and funds. The $1 billion, four-year commitment is being overseen by Anne Finucane, vice chairman of Bank of America and head of Environmental, Social and Governance (ESG), Capital

Read More

U.S. weekly jobless claims below one million; but labor market recovery ebbing

angel may

WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits fell below 1 million last week for the second time since the COVID-19 pandemic started in the United States, but that does not signal a strong recovery in the labor market.

The drop in initial claims to a five-month low reported by the Labor Department on Thursday largely reflected a change in the methodology it used to address seasonal fluctuations in the data, which economists complained had become less reliable because of the economic shock caused by the coronavirus crisis.

There are growing signs the labor market recovery from the depths of the pandemic in mid-March through April is faltering, with financial support from the government virtually depleted.

“There are new seasonal adjustment factors this week which brings down the joblessness slightly,” said Chris Rupkey, chief economist at MUFG in New York. “The labor market looks just

Read More

Wells Fargo Gives $1 Million in Scholarships to Bridge Financial Gaps Faced by Students Amidst COVID-19

angel may

The MarketWatch News Department was not involved in the creation of this content.

Students dedicated to making a positive difference in the world offer the greatest hope for the future, but for many their plans are threatened due to the unexpected financial gap posed by COVID-19 – sometimes prohibiting them from continuing and completing college. Wells Fargo wants to help close that gap by launching the Wells Fargo Student Impact Scholarship. This new initiative will provide 200 students with $5,000 each – funds that could help them cover various costs for their instruction and potentially make the difference in being able to continue their education. Wells Fargo’s commitment will go beyond financial assistance to include an optional mentorship opportunity to provide ongoing guidance for these students.

The program, which will begin accepting applications on Sept. 14, will be administered with long-standing partner APIA Scholars to students entering college and current

Read More

SEC Awards Over $2.5 Million to Joint Whistleblowers for Detailed Analysis That Led to Multiple Successful Actions

angel may

Washington, D.C.–(Newsfile Corp. – September 1, 2020) – The Securities and Exchange Commission today announced an award of over $2.5 million to joint whistleblowers whose tip based largely on highly probative independent analysis of a public company’s filings led to several successful enforcement actions. In addition to their tip, the whistleblowers provided helpful assistance early in the investigation, which helped save Commission time and resources.

“Detailed analysis by outsiders of companies can have a significant impact on the enforcement of the federal securities laws,” said Jane Norberg, Chief of the Office of the Whistleblower. “Today’s award demonstrates the Commission’s commitment to awarding individuals who provide high quality independent analysis that leads to successful enforcement actions.”

The Commission has awarded approximately $510 million to 92 individuals since issuing its first award in 2012. This includes awards to 25 individuals in this fiscal year, totaling approximately $123 million. All payments are made

Read More

Massachusetts sues auto lender Credit Acceptance Corp., seeking $120 million in damages

angel may

Credit Acceptance Corp., one of the nation’s largest auto lenders to people with low credit scores, was slapped with a lawsuit from Massachusetts on Monday. The suit, which was brought by the office of Massachusetts Attorney General Maura Healey, alleges that the lender defrauded as many as 24,000 borrowers over a six-year period in the state, and seeks as much as $120 million in damages.

“This company made unaffordable and illegal loans to borrowers, causing them to fall into thousands of dollars of debt and even lose their vehicles,” Healey said in a statement. “We are taking a close look at this industry and we will not allow companies to profit by violating our laws and exploiting consumers.”


Banks rake in PPP fees

06:38

Shares of the company plunged nearly $73, or 16%, to just under $387 on the news of the lawsuit.  

According to the suit, Credit Acceptance raked

Read More

Health department announces $25 million for personal protective equipment for frontline workers

angel may

Posted: Updated:

VIRUS OUTBREAK VIRAL QUESTIONS MASKS

AP Illustration/Peter Hamlin;

Lansing, Mich. (WLNS) A $25 million grant program for personal protective equipment (PPE) will allow medical facilities and other providers to keep their staff and patients safe, the Michigan Department of Health and Human Services (MDHHS) announced. 

The grant will assist facilities facing increased costs for PPE as they provide critical services to Michiganders during the COVID-19 pandemic. This grant program is funded through the federal Coronavirus Aid, Relief and Economic Security (CARES) Act. 

“Our frontline workers put their lives on the line every day to save lives and protect us from COVID-19, and it’s crucial that we continue to ensure their access to personal protective equipment,” said Governor Whitmer. “This grant program will put CARES Act dollars to use and help us protect our brave frontline workers, their patients,

Read More

Tradewind Finance Closes $15 Million Credit Facility for Manufacturer Headquartered in Europe

angel may

Bloomberg

Remote-Work Boom Mints Another Internet Billionaire

(Bloomberg) — The coronavirus pandemic, for all its human and economic tragedy, has spurred a once-in-a-generation opportunity for the technology industry, seized most visibly by the sector’s giants such as Apple Inc., Amazon.com Inc. and Microsoft Corp., and productivity players like Zoom Video Communications Inc. and Slack Technologies Inc.A lesser-known beneficiary is Okta Inc., a decade-old cloud computing company based in San Francisco. Its software gives corporate customers a kind of border control for the internet, helping them authenticate the identity of their employees and customers as they connect remotely to a sprawling system of online applications.The Covid-19 outbreak, which has cast most workers out from behind their corporate firewalls and into their home offices, has helped to further popularize Okta’s software. It allows companies to seamlessly manage their employees’ use of the internet and to protect the corporate data on their devices.The

Read More

MDHHS Announces $25 million For Personal Protective Equipment

angel may



Michigan is using $25 million in CARES Act funding to provide personal protective equipment to medical facilities and fire responders.


© Shutterstock
Michigan is using $25 million in CARES Act funding to provide personal protective equipment to medical facilities and fire responders.

MICHIGAN — Michigan is using $25 million in CARES Act funding to provide personal protective equipment to medical facilities and fire responders, the Michigan Department of Health and Human Services announced.

The grant will assist facilities facing increased costs for PPE as they provide services to Michiganders during the coronavirus pandemic. This grant program is funded through the federal Coronavirus Aid, Relief and Economic Security (CARES) Act.

“Our frontline workers put their lives on the line every day to save lives and protect us from COVID-19, and it’s crucial that we continue to ensure their access to personal protective equipment,” Michigan Gov. Whitmer said in a statement. “This grant program will put CARES Act dollars to use and help us protect our brave frontline workers, their patients, and

Read More

Analysis: $100 million a year at stake in Electric Works project | Business

angel may

If Electric Works is a bust and Do it Best leaves the area, the potential annual loss would be in the neighborhood of $100 million, according to an analysis released this week.

“It’s a lot of money,” said Rachel Blakeman, the report’s author. “Those are corporate headquarters jobs. They are incredibly valuable to any community, especially Allen County.”

Tom Kelley, president of Kelley Automotive Group, commissioned the study by the Community Research Institute at Purdue University Fort Wayne. His curiosity was piqued after city officials this month canceled their agreement with Electric Works developer RTM Ventures, citing concerns that the project wasn’t coming together fast enough.

The Fort Wayne Redevelopment Commission said it would be willing to work with another developer — or with RTM — on a newly negotiated agreement. Partners in RTM — Josh Parker, Jeff Kingsbury and Kevan Biggs — continue to pursue the project.

Do it

Read More