STARK Industries, LLC has been awarded a manufacturing license for the NASA JPL – VITAL Ventilator, designed to help meet the domestic and global demand for ventilators during the COVID-19 global crisis.
Much like many other producers and showrunners, Ramy Youssef has spent his quarantine editing remotely, frantically trying to finish Season 2 of "Ramy" on time. Youssef submitted the final locked episodes on Tuesday, only three days ahead of the launch on May 29, and discussed the "intense experience" on the "Variety After-Show," presented by National […]
The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Northern District of Texas on behalf of those who acquired Hallmark Financial Services Inc. (“Hallmark Financial” or the “Company”) (NASDAQ: HALL) securities during the period from March 5, 2019 through March 17, 2020. Investors have until July 7, 2020 to apply to the Court to be appointed as lead plaintiff in the lawsuit. The lawsuit alleges that Hallmark Financial failed to disclose that: (i) the Company lacked effective internal controls over accounting and financial reporting related to reserves for unpaid losses; (ii) the Company improperly accounted for reserve for unpaid losses and loss adjustment expenses related to its Binding Primary Commercial Auto business; (iii) as a result, Hallmark Financial would be forced to report a $63.8 million loss development for prior underwriting years; and (iv) as a result, Hallmark Financial would exit from its Binding Primary Commercial Auto business.
The law firm of Kirby McInerney LLP announces that it has filed a class action lawsuit in the U.S. District Court for the Eastern District of New York on behalf of those who acquired Hamilton Beach Brands Holding Company (“Hamilton” or the “Company”) (NYSE: HBB) securities during the period from February 27, 2020 through May 8, 2020 (the “Class Period”). Investors have until July 21, 2020 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
Nikola Corporation, a global leader in zero-emissions and infrastructure solutions, and Ryder System, a leading supply chain solutions, dedicated transportation and commercial fleet management company, have mutually agreed to terminate their exclusive partnership with respect to the hydrogen electric semi-trucks. As a result, both companies are able to explore emerging opportunities within the rapidly growing commercial transportation industry. Nikola and Ryder view this decision positively and are both now open to business arrangements with other partners as the industry continues to evolve.
Northern Vertex Mining Corp. (TSX.V: NEE) (OTC Nasdaq Intl.: NHVCF) (the "Company" or "Northern Vertex") announces that under the terms of the convertible debentures issued under the convertible debenture indenture dated July 14, 2016 (the "Indenture") between the Company and Computershare Trust Company of Canada, it has elected to satisfy its obligation to pay an aggregate of $167,500 in interest accrued on the convertible debentures by issuing to such debenture holders on the interest payment date of June 1, 2020 an aggregate of 598,196 common shares in the capital of the Company (the "Common Shares"). The Company will pay to each such debenture holder approximately 8.93 Common Shares per $100 principal amount of debentures held as at the applicable interest payment record date. Under the terms of the Indenture, no fractional Common Shares will be delivered upon payment of the interest obligation and the Company is not required to pay the cash equivalent of any amount less than $5.00. The issuance of Common Shares in payment of interest remains subject to approval of the TSX Venture Exchange (the "Exchange").
Shares of property and casualty insurers such as Hartford and Chubb typically rally after catastrophic events as the industry raises its rates.
The Global Roll-Your-Own-Tobacco Products Market will grow by $ 7.26 bn during 2020-2024
Leaders of the Writers Guild of America have told the major studios that they need to improve their practices on diversity and inclusion as part of the guild's negotiations on a new master TV and film contract. "For many years, some WGA writers have faced unfair discrimination based on factors that have nothing to do […]
Lecrae Devaughn Moore — better known simply as Lecrae — has always valued his independence. The Houston-based Christian hip-hop recording artist and producer, touched by matters of the sacred and the socially conscious, co-founded his independent record label, Reach Records, when he began dropping solo albums with 2004’s “Real Talk.” He maintained that autonomy up […]
Moody's Investors Service ("Moody's") today downgraded Downstream Development Authority's ("DDA") Corporate Family Rating ("CFR") to Caa3 from B3. The company's Probability of Default Rating ("PDR") was downgraded to Ca-PD/LD from B3-PD, and company's senior secured notes rating was downgraded to Caa3 from B3. Moody's appended a "/LD" designation to DDA's Ca-PD PDR to reflect a limited default resulting from the company entering into a modification agreement with its bank lender.
Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the first quarter. You can find articles about an individual hedge fund's trades on numerous financial […]
The financial regulations require hedge funds and wealthy investors that exceeded the $100 million equity holdings threshold to file a report that shows their positions at the end of every quarter. Even though it isn't the intention, these filings to a certain extent level the playing field for ordinary investors. The latest round of 13F […]
Roger Federer is the highest paid athlete in the world for the first time, with over $106 million in earnings this year, according to Forbes’s annual list.
At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (Recession is Imminent: We Need A Travel Ban NOW). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each […]
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. Insider Monkey finished processing 821 13F filings submitted by hedge funds and prominent investors. These filings show these funds' portfolio positions as of March 31st, 2020. […]
“You have cowards, you have mega cowards and then you have Roger Goodell," the Barstool Sports founder said.
Paleo Resources, Inc. (“Paleo” or the “Corporation”) (TSX-V: PRE, OTCQB: PRIEF) announces that, further to its April 29, 2020 news release in relation to the timing of the filing of its year end financial statements, the Corporation announces that it has filed its year end 2019 financial statements, MD&A and reserves data today. According to the Alberta Order, during the period from March 23, 2020 to June 1, 2020, a person or company required to make certain filings as described in the Alberta Order has an additional 45 days from the deadline otherwise applicable under Alberta securities laws to make the filing.
We can readily understand why investors are attracted to unprofitable companies. For example, although...