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Enstar Group Limited Announces Closure of Transaction to Reinsure $1.1 Billion of Allianz’s Legacy U.S. Business

Mar 31, 2016 20:15 pm UTC| Business

HAMILTON, Bermuda, March 31, 2016 -- Enstar Group Limited (NASDAQ:ESGR) announced today that one of its wholly owned subsidiaries completed a previously announced transaction to reinsure portfolios of Allianz Re’s U.S....

Host Hotels & Resorts, Inc. Recommends That Holders of Operating Partnership Units of Host Hotels & Resorts, L.P. Reject “Mini Tender” Offer by Certain Affiliates of MacKenzie Capital Management, LP

Mar 31, 2016 20:15 pm UTC| Business

BETHESDA, Md., March 31, 2016 -- Host Hotels Resorts, Inc. (NYSE:HST) has learned that certain affiliates of MacKenzie Capital Management, LP (“Purchaser”) made an unsolicited “mini tender” offer for up to 240,000...

Columbus McKinnon Declares Quarterly Dividend of $0.04 per Share

Mar 31, 2016 20:15 pm UTC| Business

AMHERST, N.Y., March 31, 2016 -- Columbus McKinnon Corporation (NASDAQ:CMCO), a leading designer, manufacturer and marketer of material handling products, today announced that its Board of Directors has approved payment...

Rex Energy Corporation Announces Closing of Offer to Exchange Outstanding 8.875% Senior Notes due 2020 and 6.250% Senior Notes due 2022 for New 1.00%/8.00% Senior Secured Second Lien Notes due 2020 and Shares of Common Stock

Mar 31, 2016 20:05 pm UTC| Business

STATE COLLEGE, Pa., March 31, 2016 -- Rex Energy Corporation (the “Company”) (Nasdaq:REXX) announced today that it has completed its previously announced exchange offer and consent solicitation related to the Company’s...

Simmons Bank Converts to Arkansas State-Chartered Bank

Mar 31, 2016 20:05 pm UTC| Business

PINE BLUFF, Ark., March 31, 2016 -- Simmons First National Corp. (NASDAQ:SFNC) announced Thursday that effective upon the opening of business on April 1, its subsidiary Simmons First National Bank will have converted...

Cartesian Reports Fourth Quarter and Full Year 2015 Financial Results

Mar 31, 2016 20:05 pm UTC| Business

OVERLAND PARK, Kan., March 31, 2016 -- Cartesian, Inc. (NASDAQ:CRTN), a specialist provider of consulting services and managed solutions to the global communications, technology and digital media industries, reported...

LinkedIn Announces Webcast of First Quarter 2016 Business Results

Mar 31, 2016 20:05 pm UTC| Business

MOUNTAIN VIEW, Calif., March 31, 2016 -- LinkedIn (NYSE:LNKD), the world's largest professional network on the Internet, today announced that it will host a conference call to discuss its first quarter 2016 business...

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Economy

Ukraine Secures $8.2 Billion IMF Loan as Tax Conditions Are Eased

Ukraines government has reached a revised agreement with the International Monetary Fund (IMF) on a new $8.2 billion lending program, easing several previously proposed conditions, including politically sensitive tax...

BOJ Governor Ueda Meets PM Takaichi as Markets Eye Possible Rate Hike

Bank of Japan Governor Kazuo Ueda and Prime Minister Sanae Takaichi are set to hold their first bilateral meeting on Monday since the ruling partys landslide election victory, a discussion that could shape expectations for...

Yen Pulls Back After Rally as Fed Rate Cut Bets Support Dollar Stability

The Japanese yen began the week slightly weaker against the U.S. dollar after posting its strongest weekly gain in more than a year. The currency eased 0.2% to 153.07 per dollar in early Monday trading, following a nearly...

Japan Coalition Urges BOJ Independence as Sales Tax Cut Plan Advances

Japans ruling coalition is signaling a clear stance on monetary policy independence while advancing plans for fiscal stimulus to strengthen the economy. Hirofumi Yoshimura, leader of the Japan Innovation Party (Ishin) and...

Oil Prices Steady as Iran-U.S. Nuclear Talks and OPEC+ Output Plans Shape Market Outlook

Oil prices traded in a narrow range on Monday as investors closely monitored upcoming Iran-U.S. nuclear talks and weighed the potential impact on global crude supply. Concerns that escalating tensions between Washington...

Politics

Anthropic’s Claude AI Reportedly Used in U.S. Operation to Capture Nicolas Maduro

Anthropics artificial intelligence model, Claude, was reportedly used in a U.S. military operation that led to the capture of former Venezuelan President Nicolas Maduro, according to a Wall Street Journal report citing...

Europe Rethinks NATO as U.S. Policy Shifts Shake Transatlantic Alliance

European leaders signaled a turning point in transatlantic relations at the Munich Security Conference, as European Commission President Ursula von der Leyen warned that some lines have been crossed that cannot be...

North Korea’s Ninth Party Congress to Spotlight New Weapons Goals and Military Modernization

North Korea is preparing to unveil fresh weapons development objectives at its Ninth Party Congress, as analysts assess that Pyongyang has only partially achieved the ambitious military targets outlined by leader Kim Jong...

Anduril Industries Seeks $8 Billion Funding at $60 Billion Valuation

U.S. defense tech startup Anduril Industries is reportedly in discussions to raise up to $8 billion in a new funding round that could value the company at no less than $60 billion, according to Bloomberg News, citing...

Democrats Pledge Major Spending on Virginia Redistricting Ahead of Midterm Elections

House Minority Leader Hakeem Jeffries said Democrats are prepared to spend tens of millions of dollars to support a Virginia redistricting initiative that could potentially secure four additional U.S. House seats for the...

Science

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Technology

OpenAI Hires OpenClaw Creator Peter Steinberger to Advance Next-Generation AI Agents

OpenAI has hired Peter Steinberger, the creator of the open-source artificial intelligence agent OpenClaw, according to CEO Sam Altmans announcement on social media Sunday. The move follows OpenClaws recent surge in...

Vietnam Approves SpaceX Starlink Satellite Internet Service Amid U.S. Trade Talks

Vietnam has officially granted SpaceX permission to deploy its Starlink satellite internet service in the country, marking a significant step in expanding high-speed connectivity across Southeast Asia. According to state...

Anduril Eyes $60 Billion Valuation in New Funding Round to Expand Defense Manufacturing and Autonomous Fighter Jet Development

U.S. defense technology firm Anduril Industries is reportedly in discussions to raise billions of dollars in fresh funding at a valuation of at least $60 billion, according to a recent report by The Information citing...

Grok AI Market Share Surges as xAI Faces Scrutiny Over Image Generation Controversy

Elon Musks AI chatbot Grok is rapidly gaining traction in the U.S., even as it faces mounting global criticism over the generation of non-consensual and sexualized AI images. According to data from app intelligence firm...

Lockheed Martin Secures $101M in U.S. Defense Contracts for AEGIS, F-35, and Missile Systems

Lockheed Martin has been awarded three U.S. Department of Defense contracts worth approximately $101 million, reinforcing its role as a leading defense contractor in advanced military systems, fighter jet support, and...