A roundup of the most newsworthy financial
press releases from PR Newswire this week, including Will Ferrell's campaign for PayPal and
Northwestern Mutual's new finance-focused podcast.
NEW
YORK, Sept. 13, 2024 /PRNewswire/ -- With
thousands of press releases published each week, it can be
difficult to keep up with everything on PR Newswire. To help
finance journalists and consumers stay on top of the week's most
newsworthy and popular releases, here's a recap of some major
stories from the week that shouldn't be missed.
The list below includes the headline (with a link to the full
text) and an excerpt from each story. Click on the press release
headlines to access accompanying multimedia assets that are
available for download.
- MOHELA Set Record in Processing Public Service Loan
Forgiveness
"No servicer in the history of the Public Service Loan Forgiveness
(PSLF) program has processed the forgiveness of more loans held by
teachers and other public servants than MOHELA. We are committed to
providing the highest quality of customer service to the borrowers
that we serve," the company said in a statement.
- Northwestern Mutual Launches Podcast to Provide Real, Expert
Financial Advice to Guide the 75% of Americans that Say They Could
Be Missing Something Important When it Comes to Their Financial
Plan
The podcast, "A Better Way to Money™," is part of the
company's larger marketing campaign debuting under the same name
and focuses on real, relatable topics from negotiating a new job,
estate planning, side hustles and gig economy, financial intimacy
and more.
- tZERO Receives Landmark Approval To Custody Digital
Securities and Support End-to-End Digital Securities Lifecycle in
the United States
The SEC and FINRA approval caps off a multi-year effort to provide
end-to-end support for digital asset securities from trading to
settlement; revolutionizes innovative digital infrastructure and
blockchain technology through a new and unique tZERO special
purpose broker-dealer subsidiary approved for digital asset custody
in compliant securities environment approved by the U.S.
regulators.
- SiriusXM Kicks off New Phase as an Independent Public
Company
"We look forward to building upon SiriusXM's twenty-year history as
the audio platform of choice for millions of North Americans in
their vehicles, at home, and on the go, with the goal of creating
long-term value for our stockholders," said Jennifer Witz,
Chief Executive Officer of SiriusXM.
- Brookfield to Invest Up to
$1.1 Billion in Infinium to Scale
Ultra-Low Carbon eFuels
"Our investment is structured to provide the capital Infinium needs
to accelerate the production of sustainable aviation fuels to meet
the growing demand from corporate customers while generating
attractive risk-adjusted returns for Brookfield," said Jehangir Vevaina,
Managing Partner at Brookfield.
- Will Ferrell Goes Shopping 'Everywhere' in PayPal's Biggest
US Campaign Ever
PayPal announced its biggest U.S. ad
campaign ever, starring Will Ferrell
and a reimagined version of Fleetwood
Mac's "Everywhere" to show consumers how easy, safe, and
rewarding it is to shop with PayPal and the PayPal Debit Mastercard
in stores and online.
- The Conference Board Employment Trends Index™ (ETI)
Increased in August
When the Index increases, employment is likely to grow as well, and
vice versa. Turning points in the Index indicate that a change in
the trend of job gains or losses is about to occur in the coming
months.
- IBM to Acquire Accelalpha, Leading Oracle
Consultancy
IBM announced its intent to acquire Accelalpha, a global Oracle
services provider with deep expertise helping clients digitize core
business operations and accelerate adoption of Oracle Cloud
Applications. Upon close, Accelalpha will join IBM Consulting,
bringing over a large global team of skilled consultants to help
clients modernize with Oracle Cloud Applications.
- Adyen's Intelligent Payment Routing Achieves 26% Cost
Savings and Improves Payment Performance on US Debit
Transactions
"As debit transactions increase in popularity, the burden is
magnified. We realized that by using AI within the Adyen platform,
we could dynamically route transactions in real time and
automatically select the best payment path based on transaction
fees and authorization rates," said Trevor Nies, Adyen's
Senior Vice President and Global Head of Digital.
- Squarespace And Permira Amend Merger Agreement To Increase
Offer Price To $46.50 Per Share In
Cash
Under the terms of the amended agreement, Squarespace stockholders
will receive $46.50 per share in cash
and an aggregate transaction value of approximately $7.2 billion. Stockholders will receive an
increase of $2.50 per share over the
previously announced transaction.
- The Huntington National Bank to expand banking franchise in
North Carolina and South Carolina
This expansion will bring Huntington's expertise and extensive suite of
products and capabilities across personal, wealth, business, and
commercial banking to customers throughout the region.
- Bloomberg Tax Predicts More Moderate Inflation Rates for
2025
This year's report projects that several key deductions
for taxpayers will see notable year-over-year increases, with the
foreign earned income exclusion increasing
from $126,500 to $130,000, and the annual exclusion
for gifts increasing from $18,000 to $19,000,
thereby allowing taxpayers to increase their gifts without tax
implications.
For more news like this, check out all of the latest
finance-related releases from PR Newswire.
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