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Feb 19, 2020 2:17 AM ET

Ally Financial Announces Agreement to Acquire CardWorks

iCrowdNewswire - Feb 19, 2020 - CHARLOTTE, N.C.,-- Ally Financial Inc. (NYSE: ALLY) announced today that it has entered into a definitive agreement to acquire CardWorks in a transaction valued at approximately $2.65 billion. Cardworks is a privately held company with $4.7 billion in assets and $2.9 billion in deposits1. Under the terms of the agreement, Merrick Bank, a wholly owned subsidiary of CardWorks, Inc., will merge into Ally Bank. The acquisition of CardWorks will further diversify Ally's product offerings, adding an established credit. [more...]

KAR Auction Services, Inc. Reports 2019 Financial Results
Feb 19, 2020 2:16 AM ET

KAR Auction Services, Inc. Reports 2019 Financial Results

iCrowdNewswire - Feb 19, 2020 - CARMEL, Ind.,-- KAR Auction Services, Inc. (NYSE: KAR), today reported its fourth quarter financial results for the period ended December 31, 2019. For the fourth quarter of 2019, the company reported revenue from continuing operations of $671.3 million as compared with revenue from continuing operations of $593.8 million for the fourth quarter of 2018, an increase of 13%. Net income from continuing operations for the fourth quarter of 2019 increased 1% to $15.3 million, or $0.12 per diluted share, as. [more...]

Neenah Reports 2019 Fourth Quarter and Full Year Results
Feb 19, 2020 2:15 AM ET

Neenah Reports 2019 Fourth Quarter and Full Year Results

iCrowdNewswire - Feb 19, 2020 - ALPHARETTA, Ga.,- Neenah, Inc. (NYSE: NP) today reported 2019 fourth quarter and full-year results. Fourth Quarter Highlights Revenues of $213.6 million decreased 11 percent versus the fourth quarter of 2018 with a decline of approximately three percent due to the Company's sale of its Brattleboro mill in December 2018. Earnings per diluted share of $0.92 increased 21% compared with $0.76 in the fourth quarter of 2018. Adjusted earnings per share of $0.87 increased 64% compared with $0.53 in the prior year. Adjustments in. [more...]

Univar Solutions Pharmaceutical Ingredients Is Organized for Success in Europe, Middle East and Africa
Feb 19, 2020 2:11 AM ET

Univar Solutions Pharmaceutical Ingredients Is Organized for Success in Europe, Middle East and Africa

iCrowdNewswire - Feb 19, 2020 - DOWNERS GROVE, Ill.,-- Univar Solutions Inc. (NYSE: UNVR) ("Univar Solutions" or "The Company"), a global chemical and ingredient distributor and provider of value-added services, today announced the extension of its Pharmaceutical Ingredients as a Dedicated Industry Vertical into Europe, Middle East and Africa.  This new group enables the company to globally serve the pharmaceutical ingredients market with expertise located in all major regions backed by a worldwide network of state-of-the-art Solutions Centers designed to. [more...]

NextEra Energy to sell equity units
Feb 19, 2020 2:10 AM ET

NextEra Energy to sell equity units

iCrowdNewswire - Feb 19, 2020 - JUNO BEACH, Fla.,-- NextEra Energy, Inc. (NYSE: NEE) announced today that it intends to sell $2.5 billion of equity units.  Each equity unit will be issued in a stated amount of $50. Each equity unit will consist of a contract to purchase NextEra Energy common stock in the future and a 5% undivided beneficial ownership interest in a NextEra Energy Capital Holdings, Inc. debenture due March 1, 2025, to be issued in the principal amount. [more...]

JCP&L Rate Plan to Support Continued Service Reliability Enhancements and Recover Storm-Related Costs
Feb 19, 2020 2:09 AM ET

JCP&L Rate Plan to Support Continued Service Reliability Enhancements and Recover Storm-Related Costs

iCrowdNewswire - Feb 19, 2020 - MORRISTOWN, N.J., -- Jersey Central Power & Light (JCP&L) today filed an electric rate plan with the New Jersey Board of Public Utilities (BPU) that will support service reliability enhancements made by the utility in recent years as well as recover costs incurred to restore power to customers following severe storms.  Since January 1, 2016, JCP&L has invested $1 billion, including capital projects, to strengthen its electric system and meet reliability standards set by the. [more...]

Brookdale Announces Fourth Quarter and Full Year 2019 Results
Feb 19, 2020 2:08 AM ET

Brookdale Announces Fourth Quarter and Full Year 2019 Results

iCrowdNewswire - Feb 19, 2020 - NASHVILLE, Tenn.,-- Brookdale Senior Living Inc. (NYSE: BKD) ("Brookdale" or the "Company") announced results for the quarter and year ended December 31, 2019. FOURTH QUARTER AND FULL YEAR HIGHLIGHTS Achieved full year 2019 financial results within or better than original 2019 guidance ranges. Same community fourth quarter revenue increased 2.1% year-over-year. Same community fourth quarter weighted average occupancy improved 30 basis points on a sequential basis, better than the industry. In January 2020,. [more...]

Feb 18, 2020 11:50 PM ET

‘Taking one for the team’ to debut first driverless car in aged care sector

iCrowdNewswire - Feb 18, 2020 - Benchmark Awards 2020 finalist. Autonomous vehicles have long been touted as an opportunity to increase mobility and accessibility among the elderly, but so far IRT Group is the only aged care provider to make it a reality. The project kicked off at its Kangara Waters lifestyle village in Canberra where IRT essentially had to build everything - including the government approval processes - from scratch. Executive general manager of IT,. [more...]

Feb 18, 2020 11:40 PM ET

Holden’s Mobility-as-a-Service disrupter ‘Maven’ parked under brand closure

iCrowdNewswire - Feb 18, 2020 - As General Motors reverses out of Australia. Holden has confirmed that its prototype mobility-as-a-service play Maven, which offered Uber drivers the ability to rent a vehicle straight off a dealership lot within minutes using a mobile app, will be shuttered alongside the main brand that will cease operations in 2021. The decision draws to a close one of the most closely watched business transformations recently undertaken in Australia, where the. [more...]

Feb 18, 2020 11:30 PM ET

SuperComputingAsia 2020 latest virus-cancelled conference

iCrowdNewswire - Feb 18, 2020 - US-based Red Hat Summit 2020 still on the cards. The novel corona virus (Covid-19) continues to scythe down tech conferences around the world, with SuperComputingAsia 2020 the latest victim. Scheduled to be held in Singapore between February 24 and 27, the annual event was cancelled over the weekend. This year's SCA20 was set to be the biggest so far with over 500 attendees registered for the opening alone. However, the. [more...]

Feb 18, 2020 11:20 PM ET

Federal Court’s tech ‘translator’ uses AI to ease divorces

iCrowdNewswire - Feb 18, 2020 - Benchmark Awards 2020 finalist. The hardest day of work Jessica Der Matossian has ever done was on a day off. That day came in mid-February 2020, when the digital practice registrar at the Federal Court of Australia took time off to help her partner prepare his florist shop for the bloom-buying frenzy that is Saint Valentine’s Day. The University of Western Sydney Business/Law graduate found herself waking at 4am, learning. [more...]

Feb 18, 2020 11:10 PM ET

NSW prison officers to get body-worn cameras

iCrowdNewswire - Feb 18, 2020 - To improve safety, 'transparency' in emergency situations. Frontline correctional officers in NSW’s prisons will be equipped with body-worn video (BWV) cameras to improve safety and operational transparency, particularly in dangerous situations. Corrections minister Anthony Roberts announced the rollout on Tuesday following a nine-month trial of the technology at several maximum-security centres. Immediate Action Teams, which respond to security and emergency situations in correctional facilities, and the Security Operations Group are. [more...]

Feb 18, 2020 11:00 PM ET

Broadband tax bill gets senate committee green light

iCrowdNewswire - Feb 18, 2020 - Only minor transparency improvements needed. The federal government’s proposed broadband tax on non-NBN operated fixed line services looks set to begin on 1 July 2020 after the senate committee examining the bill recommended it pass through parliament. Handing down its report [pdf] on Friday, the committee said the Telecommunications (Regional Broadband Scheme) Charge Bill 2019 should pass granted “additional transparency measures” were introduced. But the recommendation, which concerns the reporting of “NBN. [more...]

Feb 18, 2020 10:50 PM ET

Visa breaks ranks over payments security

iCrowdNewswire - Feb 18, 2020 - Starts sledging rivals as competition bites. Global payments giant Visa has conspicuously broken ranks with Australian banks and merchants on a once unified stance on electronic and digital payments security, controversially claiming that efforts to reduce card fees could hit fraud detection. In a clear signal that the Reserve Bank of Australia’s push to allow merchants to choose what rails electronic and digital payments ride on is starting to sting, Visa has used a. [more...]

Feb 18, 2020 10:40 PM ET

Coles cautions coronavirus could hit its massive supply chain overhaul

iCrowdNewswire - Feb 18, 2020 - Uncertainty over equipment delays coming out of China. Australian grocery and liquor giant Coles has cautioned that its giant supply chain transformation could be hit by equipment delivery delays because the coronavirus in China, though the digitally-powered transformation slated to shave $1 billion is still officially on track – for the time being. Speaking to Coles’ 2020 half-year results, chief financial officer Leah Weckert said that while Coles had “further progressed payments. [more...]

Feb 18, 2020 10:30 PM ET

Claims that tech can read people’s emotions is ‘complete baloney’, study finds

iCrowdNewswire - Feb 18, 2020 - Researchers looked at algorithms designed to read a person’s emotions and found many were ‘almost always wrong’. Facial expressions have generally been thought to reliably reflect a person’s innermost emotions, but new research indicates otherwise. Based on preliminary findings presented at a science conference in the US, researchers have gone as far as to say “it might be more accurate to say we should never trust a person’s face”. Aleix. [more...]

Feb 18, 2020 10:20 PM ET

Scientists search for ‘technosignatures’ in the hunt for alien life

iCrowdNewswire - Feb 18, 2020 - Experts at SETI are looking to detect signatures from space that could indicate the ‘compelling’ possibility of extraterrestrial intelligence. Scientists are ramping up their efforts in the search for signs of alien life. Experts at the SETI Institute, an organisation dedicated to tracking extraterrestrial intelligence, are developing state-of-the-art techniques to detect signatures from space that indicate the possibility of extraterrestrial existence. These so-called ‘technosignatures’ can range from the chemical composition. [more...]

Feb 18, 2020 10:10 PM ET

Zuckerberg denies call for regulations is ‘passing off responsibility’

iCrowdNewswire - Feb 18, 2020 - In an op-ed piece, Facebook founder Mark Zuckerberg gave his thoughts on the future of regulation for the social network. Facebook exists somewhere between a content provider and a telecoms operator, leaving the company open to regulation, according to its founder Mark Zuckerberg. Speaking at the Munich Security Conference at the weekend (15 February), Zuckerberg called for greater regulation in the areas of elections, harmful content, privacy and data portability. Admitting that. [more...]

Feb 18, 2020 10:00 PM ET

Facebook’s vision for future regulation criticised by EU officials

iCrowdNewswire - Feb 18, 2020 - Facebook has published a white paper putting forward regulations it would be happy with, but EU officials remain sceptical. Facebook said it wants to work with governments on “new rules for the internet”, as the social network published a set of recommendations for online content regulation. The social network has been at the centre of a debate about how internet firms should be made more accountable for the content that. [more...]

Feb 18, 2020 9:50 PM ET

Renewable device uses bacteria to harness electricity ‘out of thin air’

iCrowdNewswire - Feb 18, 2020 - A new type of renewable energy device has been forged from bacteria and can create electricity just from moisture in the air. A new device could one day join the established renewable energy technologies such as wind and solar, but won’t be reliant on the weather. Scientists at the University of Massachusetts Amherst published findings on this device to Nature, saying it uses natural protein to create electricity from moisture in. [more...]

Feb 18, 2020 9:40 PM ET

Why Student Startup Weekend didn’t want to attract the ‘usual crowd’

iCrowdNewswire - Feb 18, 2020 - Techstars Dublin Student Startup Weekend. Image: Sam Clein Techstars Student Startup Weekend organiser Sam Clein told Siliconrepublic.com about some of the highlights from this year’s event and the winning ideas from the weekend. A few weeks ago, Dubin’s Techstars Student Startup Weekend took place at Google’s offices near Grand Canal Dock. Speakers at this year’s event included Gene Murphy, co-founder of the Startup Boost pre-accelerator programme, as well as coaches and mentors. [more...]

Feb 18, 2020 9:30 PM ET

BFFinder wants to help people in Ireland find a new best friend

iCrowdNewswire - Feb 18, 2020 - From left: Liam Burke and Louanne Vautour. Image: BFFinder Our Start-up of the Week is BFFinder, a platform set up to connect people who share interests, allowing them to organise and attend gatherings with other members. BFFinder was co-founded by Liam Burke and Louanne Vautour, a duo who wanted to help people make friends online and find others with shared interests. “We’re targeting adults of all ages,” Burke told Siliconrepublic.com. “For. [more...]

Feb 18, 2020 9:20 PM ET

Bendy battery breakthrough could give EVs supercharging powers

iCrowdNewswire - Feb 18, 2020 - While still in development, a new bendy graphene battery could one day replace existing battery technology. Electric vehicles (EVs), phones and wearables could stand to benefit from a new battery concept developed between the UK and China. In a paper published to Nature Energy, researchers said they have developed a graphene electrode material with pores that could be changed in size to store the charge more efficiently. However, unlike other. [more...]

Feb 18, 2020 9:10 PM ET

Digital transformation isn’t a luxury, it’s a necessity

iCrowdNewswire - Feb 18, 2020 - Innovation for innovation’s sake is not enough. Tata Consultancy Services’ K Ananth Krishnan discusses how companies can enact digital transformation more effectively. The way we conduct business is changing. Digital technologies such as AI, machine learning, IoT and cloud computing have the potential to transform the way businesses structure themselves, develop new products and highly customise customer experiences. This potential for change is widely known as ‘digital transformation’, but what. [more...]

Feb 18, 2020 9:00 PM ET

It’s time we face up to our own role in toxic social media

iCrowdNewswire - Feb 18, 2020 - We can blame the platforms all we like, but a huge part of the toxicity of social media is our own behaviour and we need to own that, writes Elaine Burke. Irish Twitter was something of a hellscape this past week. Infighting between accounts was heightened during the general election and this has not dissipated with the inconclusive results. Actress Jameela Jamil was getting hammered, again. Administrators of long-dormant accounts were coming. [more...]

Feb 18, 2020 8:50 PM ET

Richard Anton discusses plans for Oxx’s $133m European SaaS fund

iCrowdNewswire - Feb 18, 2020 - Richard Anton. Image: Oxx We spoke to Oxx general partner Richard Anton about what he’s seeking in European SaaS companies and how investing in Ireland provided him with some fond memories of driving around Killiney and the Wicklow mountains. This month, B2B software investor Oxx announced that it has raised $133m to back European SaaS companies. Headquartered between London and Stockholm, Oxx invests in software applications and infrastructure, with a. [more...]

Feb 18, 2020 8:40 PM ET

Jamie Heaslip on start-up life and his ambitions for Flender

iCrowdNewswire - Feb 18, 2020 - Former Ireland rugby captain Jamie Heaslip discusses why he was drawn to a career with a fintech start-up and how he plans to strengthen Flender’s brand in the coming months. At the end of January, former Ireland and Leinster rugby captain Jamie Heaslip announced that he was set to join Dublin-based fintech start-up Flender in a full-time role as head of brand marketing. Prior to taking on the role, Flender was one. [more...]

Feb 18, 2020 8:30 PM ET

Private equity firm Hillhouse sells off its Nio shares

iCrowdNewswire - Feb 18, 2020 - Hillhouse Capital, a longtime Nio investor and once its third-largest shareholder, sold off its holdings in the Chinese electric vehicle (EV) firm in fourth quarter after reducing its stake significantly earlier in the year, according to a filing on Friday. Why it matters: Caution about the EV maker and about the electric car sector in general from a top-ranked private equity firm underscores the industry’s fragility and as well as the. [more...]

Feb 18, 2020 8:20 PM ET

Bytedance appoints dedicated head of gaming: report

iCrowdNewswire - Feb 18, 2020 - TikTok owner ByteDance will appoint an executive to exclusively lead its fledgling gaming business, Reuters reported on Friday, signaling its ambitions to take a larger share of the lucrative mobile gaming market dominated by Tencent and Netease. Why it matters: The company has been eyeing the mobile games market for a year as it seeks new avenues of growth to diversify its business. The company is focusing on developing its own games. In. [more...]

Feb 18, 2020 8:10 PM ET

Alipay developed China’s national health code rating system

iCrowdNewswire - Feb 18, 2020 - Mobile payment giant Alipay announced on Sunday that it is providing development support for a national health code system which assesses individuals for self-quarantine based on basic health information and travel history which China is preparing to launch as soon as next week. Why it matters: Amid the Covid-19 outbreak, China has been on high alert as millions in the country travel across cities to return to work after the prolonged Spring Festival. [more...]