business

TechCrunch
Peterson Ventures, a firm that quietly backed Allbirds and Bonobos, just closed a $65 million fund
Peterson Ventures, a 12-year-old, Salt Lake City, Ut.-based seed-stage fund, has long operated fairly quietly, but many of its bets have become known brands in the respective worlds of consumer and enterprise software investing. Thanks to a newly raised $65 million fund -- more than double the size of its $33 million second fund -- Peterson has even more money now to write checks in the range of $250,000 to $1 million in a wide variety of startups. TC: Peterson is part of a bigger platform called Peterson Partners.
CNW Group
New Wave Holdings Announces Closing of Acquisition of Additional 25% Interest in Anahit Therapeutics
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/TORONTO, Sept. 23, 2020 /CNW/ - New Wave Holdings Corp.
PR Newswire
Grapevine Village Launches Grapevine Shops, A Fully Digitally Integrated E-Commerce Marketplace for Mission-Driven, Best-In-Class Brands
Grapevine Village, a wholly-owned subsidiary of Ideanomics Inc., has today, launched Grapevine Shops, a fully digital e-commerce storefront which showcases boutique innovative consumer brands.
National Review
Trump Nominates Former Nunes Aide as Intelligence Community Inspector General
President Trump on Wednesday announced he would nominate National Security Council official Allen Souza, a former aide to Representative Devin Nunes (R., Calif.), to serve as the inspector general of the U.S. intelligence community, where he would replace an official the president fired in April.Trump had fired Michael Atkinson, the IC’s previous inspector general, over his handling of a whistleblower complaint regarding the president’s call with Ukranian President Volodymyr Zelensky that ultimately led to president’s impeachment last year. Thomas Monheim is currently serving as the acting intelligence community inspector general. Souza formerly served as staff director for Nunes, the top Republican on the House Intelligence Committee, as well as a lawyer at the National Security Agency, and currently works as a principal deputy senior director for intelligence programs at NSC.The White House sent Souza’s nomination to the Senate on Wednesday, almost immediately after Trump announced his intent to nominate the former Nunes aide. Souza will need to receive a confirmation hearing and a vote from the Senate to be confirmed.Trump fired Atkinson in April saying he did a “terrible job” in handling the whistleblower complaint which he called a “fake report.”“Not a big Trump fan, that I can tell you,” the president said of Atkinson. Atkinson brought the whistleblower complaint to Congress in August 2019, labeling it an “urgent concern.” The complaint was later released to the public by the White House after a standoff with Congress. Trump was impeached by the House and later acquitted by the Senate in February.The Trump administration had removed several inspectors generals this spring. White House counsel Pat Cipollone said in response to an inquiry into the removals by Senator Chuck Grassley (R., Iowa) in May that, “When the President loses confidence in an inspector general, he will exercise his constitutional right and duty to remove that officer, as did President Reagan when he removed inspectors general upon taking office and as did President Obama when he was in office.”
Simply Wall St.
Engenco Limited's (ASX:EGN) Low P/E No Reason For Excitement
Engenco Limited's (ASX:EGN) price-to-earnings (or "P/E") ratio of 12.6x might make it look like a buy right now...
PR Newswire
ROSEN, NATIONAL TRIAL LAWYERS, Reminds Fennec Pharmaceuticals Inc. Investors of the Important Deadline in Securities Class Action - FENC
Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Fennec Pharmaceuticals Inc. between February 11, 2020 and August 10, 2020, inclusive (the "Class Period"), of the important November 2, 2020 lead plaintiff deadline in the securities class action. The lawsuit seeks to recover damages for Fennec investors under the federal securities laws.
The Fiscal Times
GAO Calls for Use of Fiscal Rules and Targets to Corral the Debt
The Government Accountability Office on Wednesday released a new analysis of the nation’s fiscal health, and the diagnosis is not good.“Our nation faces serious challenges at a time when the federal government is highly leveraged in debt by historical norms,” the report says. “The imbalance between revenue and spending built into current law and policy have placed the nation on an unsustainable long-term fiscal path.”To get a better handle on the fiscal situation, GAO recommends that lawmakers develop a long-term fiscal plan that relies on rules and targets to limit deficits now and in the future. The agency’s 48-page report lays out a variety of options lawmakers could deploy, ranging from clearly defined limits on revenues and spending to targets for the size of the annual deficit, and examines how such tools have performed in other countries, including Germany and the Netherlands.“No process can force choices that policymakers are unwilling to make,” the report says. “However, agreement on a fiscal goal can assist in framing the difficult choices that must then be made in designing the mix of fiscal rules and targets adopted.”Read the GAO report here.Like what you're reading? Sign up for our free newsletter.
PR Newswire
AerCap Holdings N.V. Announces Upsize of Previously Announced Debt Tender Offers
AerCap Holdings N.V. ("AerCap" or the "Company") (NYSE: AER) announced today that AerCap Global Aviation Trust ("AGAT," "we," "us" and "our"), a Delaware statutory trust and wholly-owned subsidiary of the Company, for its own account and on behalf of AerCap Ireland Capital Designated Activity Company ("AICDAC"), in connection with our previously announced offers to purchase for cash the notes listed in the table below (the "Notes") (i) in accordance with, and in the order of, the corresponding Acceptance Priority Levels and (ii) subject to the Maximum Tender Cap (as defined below) and possible pro rata allocation, upon the terms and subject to the conditions set forth in the Offer to Purchase (as defined below), including the Financing Condition (as defined below), has increased the aggregate purchase price (including principal and premium, but excluding Accrued Interest (as defined below)) of the Notes that we intend to purchase in the Offers from the previously announced amount of $500,000,000 to $1,500,000,000 (as so amended, the "Maximum Tender Cap"). Additionally, we have amended the previously announced condition that we receive prior to the Expiration Date (or Early Settlement Date, if we elect to have an early settlement) gross proceeds of at least $500,000,000 from our contemporaneous offering of one or more series of notes upon the terms and subject to the conditions contained in the prospectus related to such offering, on terms satisfactory to us in our sole discretion, to our receipt of gross proceeds of at least $1,500,000,000 from the same (as so amended, the "Financing Condition"). The other terms of our previously announced offers to purchase the Notes remain unchanged. The offers to purchase with respect to each series of Notes are referred to herein as the "Offers" and each, an "Offer." Each Offer is made upon the terms and subject to the conditions set forth in the offer to purchase, dated September 23, 2020 (as may be amended or supplemented from time to time, including by this press release, the "Offer to Purchase"), and the related Letter of Transmittal (the "Letter of Transmittal" and, together with the Offer to Purchase, the "Tender Offer Documents"). Capitalized terms used but not defined in this press release have the meanings given to them in the Offer to Purchase.
Reuters
Trump says no meeting planned with possible Supreme Court pick Lagoa
U.S. President Donald Trump on Wednesday said he has no meeting planned with Cuban-American federal appellate judge Barbara Lagoa, but she is on his list of possible nominees to the U.S. Supreme Court. "I don't have a meeting planned, but she is on my list," Trump told reporters at the White House.
USA TODAY
Fact check: In 2016, Trump didn't tweet about replacing Scalia on Supreme Court
A tweet that purports to be from Donald Trump in 2016 that said "Obama should wait until he leaves office to pick another Justice" is fake.
PR Newswire
AerCap Holdings N.V. Announces Pricing of $1.5 Billion Aggregate Principal Amount of Senior Notes
AerCap Holdings N.V. ("AerCap" or the "Company") (NYSE: AER) has announced today that AerCap Ireland Capital Designated Activity Company ("AICDAC") and AerCap Global Aviation Trust ("AGAT" and, together with AICDAC, the "Issuers"), each a wholly-owned subsidiary of the Company, priced their offering of senior notes, consisting of $900,000,000 aggregate principal amount of 3.150% Senior Notes due 2024 (the "2024 Notes") and $600,000,000 aggregate principal amount of 4.625% Senior Notes due 2027 (the "2027 Notes" and, together with the 2024 Notes, the "Notes"). The Notes will be fully and unconditionally guaranteed on a senior unsecured basis by the Company and certain other subsidiaries of the Company. The Issuers intend to use the net proceeds from the Notes to fund the previously announced cash tender offers by AGAT (the "Tender Offers") to purchase certain notes previously issued by the Issuers and to pay fees and expenses in connection therewith. In the event the Tender Offers are not consummated, or the net proceeds from the Notes are otherwise in excess of the amount needed to fund the Tender Offers and to pay related fees and expenses, the Issuers intend to use remaining proceeds for general corporate purposes.
The Fiscal Times
Top CEOs Call for 'Major' Coronavirus Stimulus
The CEOs of some of the country’s largest companies say the outlook for their businesses has improved somewhat compared to last quarter, but that the government must provide “further major support” for what remains a fragile economic recovery, according to a new survey.The quarterly survey by the Business Roundtable, a non-profit association of chief executives of major companies, found that 24% of CEOs said that business conditions either didn’t suffer, have recovered or will likely recover by the end of the year. Another 40% said they expect conditions to bounce back next year, while 36% said it will take until 2022 or later for a full recovery.The CEO group surveyed 149 members from August 31 to September 16. It said its index measuring CEOs' business outlooks climbed nearly 30 points to 64, the first increase in nine quarters, but remains well below the historical average of 81.7 dating back to 2002. The business leader projected that the economy would shrink by 2.4% for the year, a 1.4 percentage point increase from last quarter’s estimate.“The outlook of Business Roundtable CEOs has improved, due in part to actions taken by policymakers earlier this year to help Americans,” Joshua Bolten, Business Roundtable’s president and CEO, said in a statement accompanying the survey results. “But further major support from the federal government is necessary to prevent economic recovery from being derailed. Failure to act, along with the lack of comprehensive and coordinated efforts to stop the spread of COVID-19, would impose long term damage on the U.S. economy, hurting most the workers and small businesses least able to absorb the blow.”Walmart CEO Doug McMillon, who also serves as the Business Roundtable’s chairman, also called on lawmakers to restart talks on another coronavirus relief bill. “Business Roundtable urges the administration and Congress to come back to the negotiating table and pass more legislation to further ease the economic challenges American workers, small businesses and suppliers are experiencing,” he said. Like what you're reading? Sign up for our free newsletter.
GuruFocus.com
5 Retail Companies Trading Below the GF Value Line
Stocks to consider as Nike soars on strong digital sales
PR Newswire
Covr Financial Technologies Announces New Head of Direct Distribution
Covr Financial Technologies (Covr) continues to see significant growth in its consumer business and is pleased to announce Todd Ewing as the Head of Direct Distribution. Todd comes to Covr with nearly 30 years of experience in insurance direct distribution and direct-to-consumer leadership, including leadership roles at SelectQuote, InsWeb, and Transamerica. For the past 9 years he has also served as executive consultant for dozens of direct marketers, brokerage general agencies and insurtech companies, and helped build and run numerous start-ups.
USA TODAY
All the best Amazon deals to shop for September 2020
The best Amazon deals this September will help you save on everything from cookware to robot vacuums—shop all our reader favorites.
USA TODAY
The 5 best Amazon deals you can get this Tuesday
Today's best Amazon sale items include an electric blanket that will keep you nice and toasty and a space heater that will help you save on heating.
PR Newswire
Large Randomized Clinical Trial Validates 2Morrow's Digital Health Approach to Behavior-modification and Proves that Apps can Help Smokers Quit
2Morrow, Inc.'s proprietary digital health approach to behavior modification continues to be shown effective for helping smokers quit in a large randomized clinical trial (RCT) conducted by Fred Hutchinson Cancer Research Center and published in JAMA Internal Medicine. The trial followed 2,415 participants for 12 months to determine the efficacy of an Acceptance and Commitment Therapy (ACT) based app for smoking cessation vs an app based on US clinical practice guidelines (USCPG). ACT app users not only were more engaged and satisfied, but at 12 months, were 50% more likely to quit than those using the smartphone application based on the USCPG.
Motorious
You Can Own Your Own '90s Monster Truck
Here's something you just don't see every day. We're not sure where we'd park it, but we want it anyway.Sometimes, we get a little jaded looking at classic cars all day. Then, we see something that's just so amazing and out of the ordinary that we had to cover
ACCESSWIRE
IMPORTANT INVESTOR ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Harborside Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
LOS ANGELES, CA / ACCESSWIRE / September 23, 2020 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class-action lawsuit against Harborside Inc.
Simply Wall St.
Could The Seven West Media Limited (ASX:SWM) Ownership Structure Tell Us Something Useful?
The big shareholder groups in Seven West Media Limited (ASX:SWM) have power over the company. Institutions will often...
The Guardian
Trudeau pledges tax on 'extreme wealth inequality' to fund Covid spending plan
PM says government will invest billions in housing, health and jobs, but dismissals from rival parties prompt election speculationJustin Trudeau’s government has announced ambitious plans to spend billions on childcare, housing and healthcare – partly financed by taxing “extreme wealth inequality” – as Canada braces for an economically devastating second wave of coronavirus.But opposition parties quickly dismissed the minority government’s proposals, prompting speculation that Canada will soon head into another general election.The prime minister’s speech from the throne – which customarily starts a new session of parliament and outlines a government’s priorities – was delivered by governor-general Julie Payette on Wednesday afternoon.The speech included calls for green investment and a plan to create more than a million new jobs, but was overshadowed by the pandemic which has killed 9,241 Canadians and left 2 million unemployed.“Like a reed in high winds, we may sway, but we will not break,” said Payette. She called Covid-19 “the most serious public health crisis Canada has ever faced”.The address was delivered to a sparsely populated senate chamber: only a handful of members from various parties were present as the rest participated remotely.Two opposition leaders – Erin O’Toole of the Conservative party, and Yves-François Blanchet of the Bloc Quebecois – were absent after testing positive for coronavirus.Trudeau’s government has won broad praise for its response to the pandemic – but also criticism from the opposition for its hefty spending on recovery.But in Wednesday’s address, the government said it would do “whatever it takes” to fight the coronavirus and rebuild the economy.“This is not the time for austerity,” said Payette. “This Covid-19 emergency has had huge costs. But Canada would have had a deeper recession and a bigger long-term deficit if the government had done less.”A major element of the speech was a plan to raise revenue by finding “additional ways to tax extreme wealth inequality” including “tax avoidance by digital giants”. The speech also focused on a growing concern over the power of tech companies like Facebook.While Canada has been spared the rates of mortality seen in the neighbouring US, it has seen a surge of cases in recent weeks, and the unprecedented setting and content of the speech underscored the deep impact coronavirus has inflicted.Announcing the prorogation of parliament in August, Trudeau said his government’s previous pre-pandemic throne speech in December had “no conception of the reality we find ourselves in right now”.The prime minister had hinted his government planned a “green recovery”.But a looming second wave of the coronavirus has derailed much of that vision, instead making the immediate response to the pandemic the most pressing issue. Since the summer, cases have jumped from roughly 300 cases per day into more than 1,200 and the economy has remained in the doldrums.The plan to create a million new jobs is meant to address economic concerns. But it comes just as a C$2,000 monthly payment for residents unable to work because of the coronavirus, is set to end on 26 September.While the government plans to relax unemployment insurance rules, it is unclear if all workers will qualify for new benefits.Trudeau’s minority government will need the support of at least one opposition to survive a confidence vote in the coming weeks.While opposition parties had called for paid sick leave guarantees and more funding for provinces, neither were explicitly mentioned in the speech.Following the speech, Conservative deputy leader Candice Bergen said her party was “very, very displeased” with the Liberals’ plan. “We believe that it is not what Canadians need,” she saidNDP leader Jagmeet Singh – whose support appears critical for the Liberal government to survive – suggested he will not support the throne speech without further protections for sick workers and a guaranteed monthly government benefit.“My goal is not to find a way to tear down the government,” said Singh. Instead, he said his demands are meant “to get help to people”.Trudeau has requested national airtime to address the nation on Wednesday evening – a rare move to pitch his plan to Canadians and to speak to the urgency of the coronavirus resurgence.
PR Newswire
College Consensus Publishes Aggregate Ranking of the Most Affordable Online MBA Programs for 2020
College Consensus (https://www.collegeconsensus.com), a unique college ratings website that aggregates publisher rankings and student reviews, has published its annual composite ranking of the Most Affordable Online MBA Programs for 2020.
Associated Press
TikTok asks judge to block Trump's ban as deadline looms
Chinese-owned TikTok asked a judge to block the Trump Administration's attempt to ban its app, suggesting the video-sharing app's forced deal with Oracle and Walmart remains unsettled. An app-store ban of TikTok, delayed once by the government, is set to go into effect Sunday. President Donald Trump set this process in motion with executive orders in August that declared TikTok and another Chinese app threats to U.S. national security.
CNW Group
Ceres Global Ag Corp. Reports Q4 2020 and FY2020 Financial Results
MINNEAPOLIS, MN, Sept. 23, 2020 /CNW/ - Ceres Global Ag Corp.
Variety
TikTok Files Motion to Block Trump’s Sept. 27 App Download Ban
As a deal deciding the fate of TikTok hangs in the balance, the Chinese-owned video app is seeking a preliminary injunction to halt the Trump administration's order that would ban app stores from carrying TikTok in the U.S. as of Sept. 27. “There is simply no genuine emergency here that would justify the government’s precipitous […]