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Business

Dollar General Unveils Two Remodeled Stores with Produce in Baton Rouge

Baton Rouge, LA (STL.News) Baton Rouge residents now have two new places to shop for fresh fruit and vegetables! Dollar General recently announced the completion of two store remodels in Baton Rouge that expands affordable and nutritious foods through the addition of fresh fruits and vegetables. The remodeled stores are located at 6315 Scenic Highway and 5455 Airline Highway in Baton Rouge and offer area residents a selection of fresh produce, alongside expanded frozen and refrigerated food offerings. Dollar General partnered with Baton Rouge’s Mayor-President Broome’s Office to find a mutually-beneficial solution to support the community despite the retailer not being a grocery store and carrying a curated assortment of produce in approximately 650 of its stores. Dollar General’s two ...

Business

Pfizer Prices $4 Billion Debt Offering

NEW YORK, NY (STL.News) Pfizer Inc. (NYSE: PFE) Monday announced the pricing of a debt offering consisting of four tranches of notes: $750,000,000 aggregate principal amount of 0.800% notes due 2025 $1,000,000,000 aggregate principal amount of 1.700% notes due 2030 $1,000,000,000 aggregate principal amount of 2.550% notes due 2040 $1,250,000,000 aggregate principal amount of 2.700% notes due 2050 Pfizer intends to use the net proceeds for general corporate purposes, including to repay a portion of its outstanding commercial paper and/or to refinance, redeem or repurchase existing debt. The closing of the offering is expected to occur on May 28, 2020, subject to satisfaction of customary closing conditions. Barclays Capital Inc., Citigroup Global Markets Inc., Deutsche Bank Secu...

Business

SBA Announces Add-On Offering of $400 Million of 3.875% Senior Notes Due 2027

SBA Communications Corporation announces Add-On Offering of $400 Million of 3.875% Senior Notes Due 2027 BOCA RATON, FL (STL.News) SBA Communications Corporation (NASDAQ: SBAC) (“SBA”) announced today that it has commenced a private add-on offering of $400 million aggregate principal amount of 3.875% senior notes due 2027 (the “Notes”). SBA intends to use the net proceeds of the offering to repay amounts outstanding under its Revolving Credit Facility under its Senior Credit Agreement. All remaining net proceeds will be used for general corporate purposes. The Notes will be issued as additional notes under a supplement to an existing indenture dated as of February 4, 2020, and will constitute the same series of securities as the $1.0 billion 3.875% Senior Notes due 2027 issued on Februa...

Business

S&P/Experian Consumer Credit Default Indices Show Lower Composite Rate in April 2020

NEW YORK, NY (STL.News) S&P Dow Jones Indices and Experian released today data through April 2020 for the S&P/Experian Consumer Credit Default Indices. The indices represent a comprehensive measure of changes in consumer credit defaults and show that the composite rate was nine basis points lower at 0.90%. The bank card default rate rose 29 basis points to 4.23%. The auto loan default rate dropped 15 basis points to 0.66% and the first mortgage default rate fell 11 basis points to 0.66%. Three of the five major metropolitan statistical areas (“MSAs”) showed lower default rates compared to last month. Chicago showed the largest decrease, down 15 basis points to 1.06%. Dallas fell 13 basis points to 0.88%, while New York dropped four basis points to 0.95%. Miami increased 11 ba...

Business

DiversityInc recognizes Ameren as a top company for diversity and inclusion

Ameren's Board of Directors makes Top 10 ST. LOUIS, MO (STL.News) Ameren Corporation’s ability to fulfill its mission, To Power the Quality of Life, requires an innovative and inclusive workforce – one that is as diverse as the Missouri and Illinois communities the company serves. In recognition of its commitment to ensuring a workforce and culture that values everyone’s uniqueness and differences, Ameren has been ranked by DiversityInc® as one of the nation's most outstanding companies for diversity and inclusion (D&I). Overall, Ameren received honors in three of the best D&I listings: For the 12th consecutive year, Ameren was ranked as one of the nation’s top utilities for Diversity and Inclusion. For the third year in a row, Ameren was ranked among the Top 10 regional com...

Business

Why is address verification important for your business

(STL.News) Address verification is essential for businesses to ensure that the address data they collect is standardized, up to date, and accurate. As a business, your databases need to store the correct address to deliver shipment to your customers in a precise manner. Delays in shipment due to inaccurate addresses result in customer frustration, missed sales opportunities, higher instances of fraud, unnecessary costs, and lower levels of customer loyalty. What is address verification? Businesses want to ensure that their shipments reach the customer in time and without delays. Address verification helps you as a business owner to maintain accurate mailing lists. An address validation API can check and correct address information collected from disparate sources such as a website, CMS...

Business

Intuit to Announce Third-quarter Fiscal 2020 Results on May 21

MOUNTAIN VIEW, CA (STL.News) Intuit Inc. (Nasdaq: INTU), maker of QuickBooks, TurboTax and Mint, will announce its third-quarter results for fiscal year 2020 on May 21 following the close of market. The company’s third quarter ends today, April 30. Intuit executives will discuss the financial results on a conference call at 1:30 p.m. Pacific time on May 21. To listen to the call, dial (844) 246-4601 in the United States or (703) 639-1172 from international locations. No reservation or access code is needed. The conference call can also be heard live at http://investors.intuit.com/Events/default.aspx. Prepared remarks for the call will be available on Intuit’s website after the call ends. Replay Information A replay of the conference call will be available for one week by calling (855)...

Business

Boeing Dreamlifter Transports 1.5M Face Masks for COVID-19 Response

Partnered with Prisma Health, Atlas Air and Discommon Founder Neil Ferrier to bring 1.5 million medical face masks to healthcare professionals in South Carolina Additional airlift transport missions with the Boeing Dreamlifter and ecoDemonstrator are planned in the future CHICAGO, IL (STL.News) Boeing [NYSE: BA] Sunday completed another COVID-19 transport mission, using a Boeing Dreamlifter to bring personal protective equipment (PPE) from Hong Kong to the United States. Working in partnership with Prisma Health, Atlas Air Worldwide and Discommon Founder Neil Ferrier, the company transported 1.5 million medical-grade face masks bound for healthcare professionals at Prisma Health in South Carolina. Discommon, the importer of record for the delivery, secured production of the PPE from trus...

General

How to Rebuild Your Business Following the Coronavirus Aftermath and Beyond

Joe Curcillo, an author, business coach, mentalist and motivational speaker, offers tips on how businesses can bring their employees together to thrive HARRISBURG, PA (STL.News) Millions of businesses around the country have been forced to close their doors temporarily amid the coronavirus pandemic. Many of the business owners and managers can use this time to determine the next move they will take when they get the green light that they can open back up. This is essentially a time of rebuilding one’s business, and the course that people take will help determine whether their business will thrive or ultimately dive. One industry expert says the key to thriving following the coronavirus is to ensure that their employees all share in a unifying vision. “The most important thing that busine...

Business

Bridger Pipeline, Liberty Pipeline, Red Oak Pipeline Announce Supplemental Open Season

HOUSTON, TX (STL.News) - Bridger Pipeline LLC, together with its affiliates, Liberty Pipeline LLC, and Red Oak Pipeline LLC announced yesterday that they have launched a supplemental open season seeking additional crude oil transportation commitments for joint service from production areas in the Rockies and Bakken to Cushing, Oklahoma and Gulf Coast destinations including Corpus Christi, Ingleside, and Houston, Texas. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190703005571/en/ Liberty Pipeline LLC is a 50/50 joint venture of Phillips 66 (NYSE: PSX) and Bridger Pipeline LLC. Liberty Pipeline LLC is constructing a 24-inch pipeline that will provide crude oil transportation service from Guernsey, Wyoming to Cushing, Oklahom...

Business

Business: Digital Realty Schedules Second Quarter 2019 Earnings Release, Conference Call

SAN FRANCISCO, CA (STL.News) - Digital Realty (NYSE: DLR), a leading global provider of data center, colocation and interconnection solutions, announced today it will release financial results for the second quarter of 2019 after the market closes on Tuesday, July 30, 2019. The company will host a conference call to discuss these results at 5:30 p.m. EDT / 2:30 p.m. PDT on Tuesday, July 30, 2019. To participate in the live call, investors are invited to dial +1 (888) 317-6003 (for domestic callers) or +1 (412) 317-6061 (for international callers) and reference the conference ID # 7733535 at least five minutes prior to start time. A live webcast of the call will be available on the Investors section of Digital Realty's website at http://investor.digitalrealty.com. Telephone and webcast ...

Business

FDIC Hosts Roundtable on Collaborations with Minority Depository Institutions

Washington (STL.News) - The Federal Deposit Insurance Corporation (FDIC) yesterday hosted a roundtable with large FDIC-supervised banks and minority depository institutions (MDIs) to foster collaboration in support of the continued vibrancy of MDIs and their communities. “Collaborative partnerships among large banks and MDIs are critically important not only for individual insured institutions, but also for their communities and the vitality of the overall financial system,” said FDIC Chairman Jelena McWilliams. In December 2017, the FDIC published a resource guide that describes how insured depository institutions may realize business and regulatory benefits by developing partnerships and other collaborative relationships with MDIs. These partnerships can be strategic and beneficial fo...

Business

PNC Releases Results Of Annual Dodd-Frank Company-Run Stress Test

PITTSBURGH, PA (STL.News) - The PNC Financial Services Group, Inc. (NYSE: PNC) announced Friday the results of its annual company-run stress test conducted in accordance with regulations of the Board of Governors of the Federal Reserve System (Federal Reserve) and the Office of the Comptroller of the Currency (OCC) under the Dodd-Frank Wall Street Reform and Consumer Protection Act. These company-run stress tests are designed to help assess whether banking organizations have sufficient capital to absorb losses and support operations during hypothetical severely adverse economic conditions over a nine-quarter projection period. The projection period for the 2019 test covers January 1, 2019 to March 31, 2021. CLICK to VIEW COMPLETE REPORT

Business

Business News: Great Southern Bancorp, Inc. announces quarterly dividend

SPRINGFIELD, MO (STL.News) - The Board of Directors of Great Southern Bancorp, Inc. (NASDAQ:GSBC), the holding company for Great Southern Bank, declared a $0.32 per common share dividend for the second quarter of the calendar year ending December 31, 2019. The dividend will be payable on July 16, 2019, to shareholders of record on July 1, 2019. This dividend represents the 118th consecutive quarterly dividend paid by the Company to common shareholders. With total assets of $4.8 billion, Great Southern offers a broad range of banking services to commercial and consumer customers. Headquartered in Springfield, Mo., the Company operates 98 retail banking centers in Missouri, Arkansas, Iowa, Kansas, Minnesota and Nebraska, and commercial loan production offices in Atlanta, Chicago, Dallas,...

Business

Federal Reserve Board, Federal Open Market Committee release economic projections from the June 18-19 FOMC meeting

WASHINGTON (STL.News) - The attached table and charts released on Wednesday summarize the economic projections and the target federal funds rate projections made by Federal Open Market Committee participants for the June 18-19 meeting. The table will be incorporated into a summary of economic projections released with the minutes of the June 18-19 meeting. Summaries of economic projections are released quarterly. PDF CLICK to SOURCE

Business

US Army soldiers to receive enhance Stinger Missiles for counter-drone missions

? New proximity fuze enables troops to defeat emerging threats PARIS (STL.News) - The U.S. Army is retrofitting Stinger® missiles, produced by Raytheon Company (NYSE: RTN), with proximity fuzes to help counter the growing threat of enemy unmanned aircraft systems. The enhancement enables the lightweight, self-contained Stinger air defense system to destroy a wider array of battlefield threats by detonating its warhead near the target, while maintaining the missile's proven hit-to-kill capability. "The Stinger enhancement gives our troops exactly what they need – an affordable and effective way to defeat the growing number of enemy UAS targets in the skies above the battlefield," said Sam Deneke, Raytheon Land Warfare Systems vice president. "The counter-UAS mission is so critical; sever...

Business

Business News: Boeing, Air Lease Corporation Announce Commitment for Five 787-9 Dreamliners

ALC adds five more 787-9s to its fleet of 56 Dreamliners The 787 is the fastest-selling widebody jet in history with more than 1,400 total orders from over 80 customers LE BOURGET, Paris (STL.News) - Boeing [NYSE: BA] and Air Lease Corporation [NYSE: AL; "ALC"], a leading aircraft leasing company, announced a commitment during the Paris Air Show to purchase five 787-9 Dreamliners, valued at $1.5 billion at list prices. "Demand for reliable, versatile, and fuel-efficient airplanes is at an all-time high," said Steven Udvar-Házy, Executive Chairman of Air Lease Corporation. "These five Boeing 787-9 aircraft are required by our airline customers to satisfy strong ALC lease placements of the 787." Boeing has sold more than 1,400 Dreamliners since the program's introduction, making it the fa...

Business

Aegion Corporation Awarded $5.1 Million Wastewater Rehabilitation Project for Metropolitan St. Louis Sewer District

SAINT LOUIS, MO (STL.News) - Aegion Corporation (NASDAQ:AEGN) today announced that its subsidiary, Insituform Technologies, LLC, has been awarded a contract valued at $5.1 million from the Metropolitan St. Louis Sewer District (MSD) to complete the rehabilitation of over 18 miles of 6- to 96-inch wastewater pipelines using Insituform® CIPP. Insituform expects to begin the project by August 2019 and to complete the project within two years. Charles R. Gordon, Aegion President and Chief Executive Officer, said, “We are pleased to have been awarded this contract from MSD. Insituform is based in St. Louis and MSD is one of our oldest municipal customers. Safety remains our top priority and we will work closely with MSD and our subcontractors to ensure this project is successfully and safely...