/PRNewswire/ — Rowley Law PLLC is investigating potential securities law violations by Boston Private Financial Holdings, Inc. (NASDAQ: BPFH) and its board of… PAVM PAVmed Inc Current Report Filing (8-k) FluAI is a mobile app that provides information on the state of the disease through an analysis made with artificial intelligence. The state’s seasonally adjusted November unemployment rate was 6.2 percent, remaining unchanged from October’s revised rate. The national rate decreased 0.2 of a percentage point to 6.7 percent. Amazon is buying planes, but it’s a bit weirder than just that. /PRNewswire/ — Newton Investment Management (Newton), part of BNY Mellon Investment Management, announced today the appointment of Euan Munro as its chief…
NEW YORK, Jan. 5, 2021 /PRNewswire/ — Rowley Law PLLC is investigating potential securities law violations by Boston Private Financial Holdings, Inc. (NASDAQ: BPFH) and its board of directors concerning the proposed acquisition of the company by SVB Financial Group (NASDAQ: SIVB). Stockholders will receive $2.10 and 0.0228 shares of SVB Financial Group common stock for each share of Boston Private stock that they hold. The transaction is valued at approximately $900 million and is expected to close in mid-2021.
If you are a stockholder of Boston Private Financial Holdings, Inc. and are interested in obtaining additional information regarding this investigation, please visit us at: http://www.rowleylawpllc.com/investigation/bpfh/. You may also contact Shane Rowley, Esq. at Rowley Law PLLC, 50 Main Street Suite 1000, White Plains, NY 10606, by email at [email protected], or by telephone at 914-400-1920 or 844-400-4643 (toll-free).
Rowley Law PLLC represents shareholders nationwide in class actions and derivative lawsuits in complex corporate litigation. For more information about the firm and its attorneys, please visit http://www.rowleylawpllc.com.
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SOURCE Rowley Law PLLC
Author: Rowley Law PLLC
Current Report Filing (8-k)
Author: January 06 2021 – 09:30AM
Edgar (US Regulatory)
Yesil Science, a company participating in Garanti BBVA Partners, presents a health app supported by AI
With the aim of providing solutions to the coronavirus crisis, Yesil Science launched FluAI, a mobile health application supported by artificial intelligence. Specifically, it is intended for upper respiratory tract infections, such as colds and flu. The application provides information and suggestions on the state of the disease through an analysis made with artificial intelligence using photographs of the patient and similar complaints in people with symptoms.
The FluAI application aims to avoid the unnecessary use of antibiotics. Users submit the image of their throats and, in return, get analysis, advice, and treatment recommendations. It also includes a coronavirus risk detection function.
FluAl is the world’s first AI assisted flu assistant. Green Science founder Joseph Green, “FluAl was developed by an experienced team of people from different fields, including experienced physicians and engineers. Additionally, we receive support and advice from many universities and academics.”
The executive added that Garanti BBVA Partners is included in many institution programs such as NVIDIA, TÜSİAD, Technopark Istanbul, Istanbul Chamber of Industry, AIFD. “There is a clinical study in progress and we will publish the results soon,” he concluded.
North Carolina’s November Employment Figures Released
The state’s seasonally adjusted November unemployment rate was 6.2 percent, remaining unchanged from October’s revised rate. The national rate decreased 0.2 of a percentage point to 6.7 percent.
North Carolina’s November 2020 unemployment rate increased 2.6 percentage points from a year ago. The number of people employed increased 28,320 over the month to 4,656,817 and decreased 261,796 over the year. The number of people unemployed increased 2,650 over the month to 308,905 and increased 123,267 over the year.
Seasonally adjusted Total Nonfarm industry employment, as gathered through the monthly establishment survey, increased 16,500 to 4,370,500 in November. Major industries experiencing increases were Leisure & Hospitality Services, 8,000; Construction, 3,200; Education & Health Services, 2,100; Manufacturing, 1,200; Professional & Business Services, 1,000; Trade, Transportation & Utilities, 1,000; Information, 300; Government, 200; and Mining & Logging, 100. The only major industry experiencing a decrease was Financial Activities, 600. Other Services employment remained unchanged.
Seasonally Adjusted Unemployment Rates since November 2019
* Please note: 2019 numbers have undergone annual revision *
Since November 2019, Total Nonfarm jobs decreased 222,300 with the Total Private sector decreasing by 191,600 and Government decreasing by 30,700. The only major industry experiencing an over-the-year increase was Financial Activities, 1,500. Major industries experiencing decreases were Leisure & Hospitality Services, 100,000; Manufacturing, 35,900; Education & Health Services, 34,600; Government, 30,700; Construction, 6,100; Information, 4,800; Professional & Business Services, 4,700; Trade, Transportation & Utilities, 3,600; Other Services, 3,300; and Mining & Logging, 100.
The next unemployment update is scheduled for Tuesday, January 5, 2021 when the county unemployment rates for November 2020 will be released.
Why Boeing Stock Is Flying Higher Tuesday Afternoon
Shares of airplane manufacturer Boeing (NYSE:BA) got a huge lift Tuesday when Bloomberg reported, late in the morning, that Amazon.com (NASDAQ:AMZN) is buying 11 Boeing 767-300 airplanes.
As of 3:15 p.m. EST, Boeing stock is still up 4.7% on the news — and that’s kind of weird.
Image source: Amazon.com.
Why is it weird? Isn’t it great news that Amazon is buying Boeings?
Well, sort of yes, but also sort of no. You see, Amazon isn’t buying new Boeing airplanes, and it isn’t even buying them from Boeing. Rather, as Bloomberg notes, the planes Amazon is buying for its Prime Air delivery service are all “used Boeing 767-300 planes” — seven of which are being purchased from Delta Air Lines (NYSE: DAL), with four more coming from WestJet Airlines.
The former Delta jets are expected to join Prime Air in 2022, and the former WestJets will begin service this year, after first being converted from passenger airliners into an air freighter configuration.
If Amazon isn’t buying jets directly from Boeing, though, why are investors taking this as good news for Boeing?
Because the short answer is that it isn’t good news — or at least not immediately. Over time, Amazon will presumably hire Boeing to maintain and perhaps make upgrades on its new airplanes, generating service revenue for the airplane-building giant. But the longer-term picture is even more important to Boeing. Bloomberg notes that this is the first time Amazon has ever bought airplanes outright, as opposed to leasing them from other companies. And if this is a sign of where things are heading, then there’s every possibility that in future years, Amazon will buy airplanes directly from Boeing.
In that regard, after inducting the new planes into service, Amazon expects its Prime Air fleet to comprise about 85 planes by the end of 2022. The fleet is expected to more than double in size over time, moreover, to 200 aircraft.
And if that’s correct, then Boeing should have plenty of opportunities to sell brand-new aircraft to Amazon in the future.
Author: Rich Smith
Euan Munro appointed chief executive officer of Newton Investment Management
LONDON and NEW YORK, Jan. 6, 2021 /PRNewswire/ — Newton Investment Management (Newton), part of BNY Mellon Investment Management, announced today the appointment of Euan Munro as its chief executive officer (CEO), subject to Financial Conduct Authority (“FCA”) approval in the UK. Euan will join Newton on June 23, 2021 and will report to Hanneke Smits, CEO of BNY Mellon Investment Management.
Euan’s accomplished investment career spans three decades. Most recently, Euan was CEO of Aviva Investors and a member of the global executive committee for seven years. Under Euan’s leadership, Aviva Investors was transformed into a leading UK asset manager with total assets under management growing significantly. Prior to this, Euan was head of global multi-asset and fixed interest investing at Standard Life Investments.
Commenting on Euan’s appointment, Hanneke Smits, chief executive officer of BNY Mellon Investment Management, said: “Euan is an exceptional leader with a proven track record in the investment industry and we are delighted that he will be joining Newton as its chief executive officer. His investment credentials and extensive experience leading one of the UK’s larger asset managers with a presence in the institutional, intermediary and retail markets, are highly relevant to Newton and we look forward to warmly welcoming him soon.”
Euan Munro, chief executive officer designate of Newton, said, “This is an exciting time to be joining Newton – a global asset manager full of talented people, high quality investment solutions and an incredibly strong heritage in responsible investment. I’m looking forward to building upon this strong foundation and continuing to enhance Newton’s investment offering to help clients achieve their goals.”
Andrew Downs will continue as Newton’s interim CEO until Euan joins the company and receives approval from the FCA. Following this, Andrew will resume his role as chief operating officer of Newton. Andrew assumed the role of interim CEO of Newton in August when Hanneke Smits began her transition to CEO of BNY Mellon Investment Management.
Note to editors
Euan Munro’s biography
Euan Munro joins Newton as CEO designate from Aviva Investors where he was chief executive officer and a member of the global executive committee for seven years. Prior to this, Euan spent nearly 20 years at Standard Life Investments (SLI) where he was head of multi-asset and fixed interest investing and was an active member of the company’s board. He joined SLI as an inflation linked fund manager from Scottish Provident in 1995. Euan has an undergraduate degree in Physics from the University of Edinburgh and is a Fellow of the Faculty and Institute of Actuaries. He is also a graduate of the Advanced Management Program at Wharton Business School, Philadelphia.
Newton Investment Management Limited (Newton) is a London-based global investment management subsidiary of The Bank of New York Mellon Corporation. Newton is authorised and regulated by the UK’s Financial Conduct Authority and registered with the US Securities and Exchange Commission. Registered address, BNY Mellon Centre, 160 Queen Victoria Street, London, EC4V 4LA. Registered in England No. 01371973. With assets under management of £44 billion as at 30 September 2020, Newton provides investment products and services to a wide range of clients, including pension funds, charities, corporations and (via BNY Mellon) individuals. News and other information about Newton is available at www.newtonim.com and via Twitter: @NewtonIM.
BNY Mellon Investment Management is one of the world’s largest investment managers, and one of the top U.S. wealth managers, with US$2 trillion in assets under management as of September 30, 2020. The firm is built around delivering to investors a “best of both worlds” approach: the expertise and capabilities of our individual investment managers, wedded to a global geographic footprint, and guided by an unshakable commitment to financial stewardship. BNY Mellon Investment Management encompasses BNY Mellon’s affiliated investment management firms, wealth management services and global distribution companies.
BNY Mellon Investment Management is a division of BNY Mellon, which maintains US$38.6 trillion in assets under custody and/or administration as of September 30, 2020. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.
This press release is for informational purposes only. It does not constitute an offer or solicitation of securities or investment services or an endorsement thereof in any jurisdiction or in any circumstance in which such offer or solicitation is unlawful or not authorized. This press release is issued by BNY Mellon Investment Management to members of the financial press and media and the information contained herein should not be construed as investment advice. Unless otherwise specified herein, all information sourced by BNY Mellon as of 06 January 2021.
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SOURCE BNY Mellon Investment Management
Author: BNY Mellon Investment Management