Statement News

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has commented that the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of ALPS Property & Casualty Insurance Company (ALPS) (Missoula, MT) remain unchanged following the May 6, 2026, announcement that ALPS has entered into a definitive agreement to acquire the Ohio Bar Liability Insurance Company (OBLIC), a leading provider of professional liability insurance for attorneys in Ohio. ALPS specializes in providing...

DALLAS--(BUSINESS WIRE)--Caddis Capital, LLC (“Caddis Capital,” the “firm,” “our,” or “we”) is the second-largest shareholder in Fermi Inc. (“Fermi” or the “Company”) (NASDAQ: FRMI) (LSE: FRMI), owning approximately 9.3% of the Company’s outstanding common shares. Caddis Capital today issued the following statement reaffirming the firm’s support for Fermi’s Board of Directors (the “Board”), the Company’s management team, and its long-term strategic plan. Caddis Capital also underscored its oppo...

HALIFAX, NS--(BUSINESS WIRE)--Concerns are growing over continued uncertainty surrounding whether city council will maintain funding for school librarians in the upcoming school year. Canadian Union of Public Employees (CUPE) Local 5047 President Shelley McNeil is calling on councillors to publicly clarify their position before staffing and school planning decisions are affected. “School librarians are not extras,” said McNeil. “They are part of the learning infrastructure students rely on ever...

HALIFAX-KJIPUKTUK, Nova Scotia--(BUSINESS WIRE)--Long term care workers represented by CUPE and government representatives bargained early into morning today; however, no deal was reached. “It’s disappointing. We went to the table, presenting two counter offers with different wages that would bring our lowest paid workers closer to a living wage, but were met with little movement,” said CUPE Long Term Care Coordinator Kim Cail. “The new offer, which expires in 2028, was better than the last, bu...

LONDON--(BUSINESS WIRE)--Asset Value Investors Limited (“AVI”) today announced an update to its public campaign regarding Rohto Pharmaceutical Co., Ltd. (TSE: 4527, “Rohto”), as a follow-up to its ongoing campaign, “Awakening Rohto”, launched last year and aimed at enhancing the company’s corporate value. AVI has published a detailed presentation on a dedicated website (www.AwakeningRohto.com). Since initiating its investment in June 2024, AVI has sought to engage in constructive dialogue with...

EL SEGUNDO, Calif.--(BUSINESS WIRE)--Mattel, Inc. (NASDAQ: MAT) (“Mattel” or the “Company”) issued the following statement regarding Southeastern Asset Management, Inc.’s (“Southeastern”) letter to the Company’s Board of Directors (the “Board”). Mattel maintains ongoing communication with its shareholders and values their perspectives. We appreciate Southeastern’s continued engagement with the Company, including our conversations this year. Our Board of Directors and management team are committ...

NEW YORK--(BUSINESS WIRE)--TOMS Capital Investment Management (“TCIM”), one of the largest shareholders of Voya Financial, Inc. (NYSE: VOYA) (“Voya” of the “Company”), today issued the below statement following the Company’s first quarter 2026 earnings call: “As we recently expressed, Voya is one of the most compelling and undervalued franchises in financial services. Voya has outperformed peers in delivering consistent net inflows, recently surpassing $1 trillion in assets while prudently avoi...

HARTFORD, Conn.--(BUSINESS WIRE)--Insurity’s AI-native policy administration system is designed to slash product setup for complex commercial lines from years to weeks...

WASHINGTON--(BUSINESS WIRE)--The Save Quartz Jobs coalition today issued a strong warning following the remedy recommendations announced by the U.S. International Trade Commission (ITC) in the quartz surface products (QSPs) safeguard case. The ITC has proposed tariffs on all imports of QSPs ranging from 25-40%. “American fabricators, retailers, distributors and suppliers of QSPs are disappointed by the Commissioners’ recommendations. These recommended trade restrictions fail to reflect the real...

LOS ANGELES--(BUSINESS WIRE)--Gilead's Earnings per Share Expected to Be Up 52% as Florida’s and other States’ AIDS Drug Programs Falters, says AHF...