Business

Business news shall include any news from across the globe, including publicly-traded company shareholder news, private companies, government-related business news, and more.

June 15, 2021

SEC settles with First American Financial Corp

SEC Charges Issuer, First American Financial Corporation With Cybersecurity Disclosure Controls Failures Washington, DC (STL.News) The Securities and Exchange Commission (SEC) today announced settled charges against real estate settlement services company First American Financial Corporation for disclosure controls and procedures violations related to a cybersecurity vulnerability that exposed sensitive customer...

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June 15, 2021

Arthur J. Gallagher & Co. Acquires Remaining Shares

Arthur J. Gallagher & Co. Acquires Remaining Shares in Hesse & Partner AG and Hesse Consulting GmbH ROLLING MEADOWS, IL (STL.News) Arthur J. Gallagher & Co. today announced that it had acquired the remaining shares of Zurich, Switzerland-based Hesse & Partner AG and Hesse Consulting GmbH from the founder, Guido...

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June 14, 2021

SEC Appointments – Renee Jones – John Coates

Renee Jones to Join SEC as Director of Corporation Finance and John Coates Named SEC General Counsel. Washington, DC (STL.News) The Securities and Exchange Commission (SEC) today announced that Renee Jones has been appointed Director of the Division of Corporation Finance.  John Coates, the Division’s current Acting Director, has been...

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June 14, 2021

SEC – Administrative Proceeding- First American Financial

WASHINGTON, DC (STL.News) The Securities and Exchange Commission (SEC) filed an Administrative Proceeding (File No. 3-20367) against First American Financial Corporation on June 14, 2021 Order Instituting Cease-and-Desist Proceeding Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order. CLICK to view...

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June 14, 2021

T. Rowe Price Group – Special Cash Dividend

BALTIMORE, MD (STL.News) T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) announced today that its Board of Directors has declared a special cash dividend of $3.00 per share payable on July 7, 2021, to stockholders of record as of the close of business on June 25, 2021. William J. Stromberg, the...

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June 14, 2021

SEC – Administrative Proceeding – Intervest – Craig L. Carson

WASHINGTON, DC (STL.News) The Securities and Exchange Commission (SEC) filed an Administrative Proceeding (File No. 3-20366) against Intervest International Inc. and Craig L. Carson on June 14, 2021, for Order Instituting Administrative and Cease-and-Desist Proceeding, Pursuant to Section 15(b) of the Securities Exchange Act of 1934, and Sections 203 (e),...

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June 14, 2021

SEC Awards An Estimated $3 Million to Two Whistleblowers

Washington, DC (STL.News) The Securities and Exchange Commission (SEC) today announced an aggregate award of approximately $3 million to two whistleblowers whose information and assistance led to a successful SEC enforcement action.  The whistleblowers separately and independently provided SEC staff with valuable information and ongoing assistance, which included participating in...

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June 14, 2021

ICE Reports Record Total Futures and Options Open Interest

ICE Reports Record Total Futures and Options Open Interest of 85.8 Million Contracts LONDON & NEW YORK & SINGAPORE (STL.News) Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology, and market infrastructure, today announced record open interest of 85.8 million contracts on June 10, 2021. The record...

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June 14, 2021

Boston Properties Declares Regular Quarterly Dividend

BOSTON, MA (STL.News) Boston Properties, Inc. (NYSE: BXP), the largest publicly traded developer, owner, and manager of Class A office properties in the United States, announced today that its Board of Directors declared a regular quarterly cash dividend of $0.98 per share of common stock for the period April 1,...

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June 14, 2021

Northrop Grumman – US Space Force- Tactically Responsive Launch-2

Northrop Grumman executes design, integration, and testing of launch vehicle in less than four-month. CHANDLER, AZ (STL.News) Northrop Grumman Corporation (NYSE: NOC) successfully launched the Tactically Responsive Launch-2 (TacRL-2) payload into orbit for the U.S. Space Force (USSF), using the company’s Pegasus XL rocket.  TacRL-2 was launched from Vandenberg Space...

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June 11, 2021

SEC Obtains Final Judgement – Bingqing Yang

SEC Obtains Final Judgment Against Defendant, Bingqing Yang of Luca International, LLC in Oil Company Scheme Targeting Chinese-Americans and Eb-5 Investors WASHINGTON, DC (STL.News) On June 9, 2021, the United States District Court for the Northern District of California entered a final judgment against Bingqing Yang, the CEO of Luca...

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June 11, 2021

Federal Reserve Board Approves Boston Private Financial Holdings

WASHINGTON, DC (STL.News) The Federal Reserve Board on Thursday announced its approval of the application under section 3 of the Bank Holding Company Act of 1956 by SVB Financial Group, Santa Clara, California, to merge with Boston Private Financial Holdings, Inc., and thereby indirectly acquire its subsidiary state member bank,...

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