Federal

Air Transat Flight Dispatchers vote 100% in Strike Vote

Retrieved on: 
Tuesday, April 30, 2024
Transport Canada, Collective agreement, Flight plan, Federal, Conciliation, Air Transat, Control, Flight dispatcher, Airline

MONTRÉAL, April 30, 2024 /CNW/ - Airline Dispatchers at Air Transat represented by the Canadian Airline Dispatchers Association (CALDA) have given their association a resounding 100% strike mandate in their negotiations with Air Transat.

Key Points: 
  • MONTRÉAL, April 30, 2024 /CNW/ - Airline Dispatchers at Air Transat represented by the Canadian Airline Dispatchers Association (CALDA) have given their association a resounding 100% strike mandate in their negotiations with Air Transat.
  • The 28 Montreal based Air Transat Flight Dispatchers are very disappointed at the progress of talks.
  • Air Transat Flight Dispatchers Collective Agreement ended on October 31st, 2022.
  • No Air Transat aircraft can depart without the approval of the Flight Plan by the Flight Dispatcher.

BMO: 71% of Aspiring Homeowners Waiting for Rate Cuts Before Buying a Home; Nearly One-Third Tapping 401(k)

Retrieved on: 
Tuesday, April 30, 2024
Online, Federal Reserve, Heat, Investment, Housing, Adjustable-rate mortgage, Motivation, City, Federal, Insurance, ARM, Wildfire, Life, Gen, Generation Z, Retirement, Documentation, Comparison, BMO, Fed, Bank statement, Closing costs, Economics, Bank

"Looking ahead to 2025, we expect the Fed to stick to a gradual rate cut pattern."

Key Points: 
  • "Looking ahead to 2025, we expect the Fed to stick to a gradual rate cut pattern."
  • Most Millennials and Gen Z (73% on both counts) report it is one of their most coveted goals.
  • Most aspiring homeowners remain distant from reaching homeownership milestone: 73% of aspiring homeowners say the goal of owning their own home seems unattainable.
  • More younger Americans pulling from 401(k): 30% of aspiring homeowners say they plan to use their 401(k)-retirement plan toward their home purchase.

EQS-News: BB Biotech presents solid first-quarter results; biotech stock market impacted by shifting views on interest rates

Retrieved on: 
Friday, May 3, 2024
USD, Annual, Alnylam Pharmaceuticals, TTR, Federal Reserve, Agios, BB Biotech, Mitapivat, NAV, Esperies, Accounting, Federal, Cardiomyopathy, NBI, Public expenditure, Prostate cancer, Obesity, Environment, DSM-IV codes, ADC, CRISPR, Patient, Thalassemia, Biotechnology, CRISPR Therapeutics, Initial public offering, Beam Therapeutics, Inflation, CHF, IRA, Drug development, Clinical trial, Significance, Therapy, Pharmaceutical industry

BB Biotech presents solid first-quarter results; biotech stock market impacted by shifting views on interest rates

Key Points: 
  • BB Biotech presents solid first-quarter results; biotech stock market impacted by shifting views on interest rates
    The issuer is solely responsible for the content of this announcement.
  • Media release as at April 26, 2024
    Portfolio of BB Biotech AG as at March 31, 2024
    BB Biotech presents solid first-quarter results; biotech stock market impacted by shifting views on interest rates
    Investor sentiment in the biotech space continues to be shaped by the general interest rate environment.
  • Net profit for the first quarter of 2024 amounted to CHF 260 mn (net loss of CHF 254 mn in prior-year quarter).
  • While activity in the secondary market has already picked up, there have been few biotech IPOs so far this year.

Birkoa CIO Pranjit Kalita Announces Regional Bank Investment Strategy

Retrieved on: 
Friday, April 26, 2024
Federal, Federal Reserve, Silicon, Silicon Valley Bank, Pressure, Cryptocurrency

New York, New York--(Newsfile Corp. - April 26, 2024) - Birkoa has announced the success of their regional bank investment strategy within its Max Global Macro strategy.

Key Points: 
  • New York, New York--(Newsfile Corp. - April 26, 2024) - Birkoa has announced the success of their regional bank investment strategy within its Max Global Macro strategy.
  • Amidst a rapidly evolving financial landscape, the Birkoa Max fund's CIO Pranjit Kalita utilized astute data analysis to develop an investment strategy during the collapse of Silicon Valley Bank in March of 2023.
  • Regional banks, integral to local economies across the United States, faced unprecedented turmoil following the insolvency of Silicon Valley Bank, a linchpin for the tech-driven ecosystem.
  • This resulted in depositors rushing to withdraw funds from regional banks, triggering a decline in stock prices.

CPP Announces Acquisition of Canoga Park Apartments in Los Angeles, California

Retrieved on: 
Thursday, May 2, 2024
Education, Partner, Housing, CPP, Health, HAP, Partnership, Federal, AMI, Lighting, Acquisition, Community, WNC, HVAC

LOS ANGELES, May 02, 2024 (GLOBE NEWSWIRE) -- CPP (Community Preservation Partners), a mission-driven affordable housing preservation developer has announced the acquisition and planned renovation of Canoga Park Apartments, an affordable housing development in Los Angeles, Calif.

Key Points: 
  • LOS ANGELES, May 02, 2024 (GLOBE NEWSWIRE) -- CPP (Community Preservation Partners), a mission-driven affordable housing preservation developer has announced the acquisition and planned renovation of Canoga Park Apartments, an affordable housing development in Los Angeles, Calif.
  • This is the fifth community in the greater Los Angeles area for CPP and the 60th in the state.
  • Built in 1983, Canoga Park Apartments is comprised of 14 walk-up units across three stories, the first of which is tuck-under parking.
  • “WNC is pleased to partner with CPP to renew affordability status for Canoga Park Apartments,” said Anil Advani, Executive Vice President of Originations and Finance at WNC.

Glen Burnie Bancorp Announces First Quarter 2024 Results

Retrieved on: 
Friday, April 26, 2024
Sale, Small business, Federal Reserve, Treasury, FHLB, Risk, Bank holding company, Federal Reserve Bank, Federal, GLEN, Bank, Risk management, Tax, Income tax, 127th, Growth

GLEN BURNIE, Md., April 26, 2024 (GLOBE NEWSWIRE) -- Glen Burnie Bancorp (“Bancorp”) (NASDAQ: GLBZ), the bank holding company for The Bank of Glen Burnie (“Bank”), today reported results for the first quarter ended March 31, 2024.

Key Points: 
  • GLEN BURNIE, Md., April 26, 2024 (GLOBE NEWSWIRE) -- Glen Burnie Bancorp (“Bancorp”) (NASDAQ: GLBZ), the bank holding company for The Bank of Glen Burnie (“Bank”), today reported results for the first quarter ended March 31, 2024.
  • Bancorp, the oldest independent commercial bank in Anne Arundel County, will pay its 127th consecutive quarterly dividend on May 6, 2024.
  • For the quarter ended March 31, 2024, noninterest expense totaled $2.86 million, a decrease of $83,000 compared to $2.94 million for the quarter ended March 31, 2023.
  • Glen Burnie Bancorp is a bank holding company headquartered in Glen Burnie, Maryland.

Northway Financial, Inc. Announces First Quarter Earnings

Retrieved on: 
Friday, April 26, 2024
Futures contract, Federal, Security (finance), Federal Reserve, Northway Bank, Asset, Bank

President and CEO William J. Woodward commented: “In the first quarter, net income was consistent compared to last year.

Key Points: 
  • President and CEO William J. Woodward commented: “In the first quarter, net income was consistent compared to last year.
  • We are focusing on offsetting the margin compression by continuing to reduce operating costs without impacting customer service.
  • Net Income for the quarter ending March 31, 2024, was $1.5 million or $0.55 per basic common share.
  • The Bank’s regulatory capital ratios at March 31, 2024 exceeded all well-capitalized ratios as defined under FDIC’s prompt corrective action rules.

Shorepower Wins Two State of California Grants totaling $100,000

Retrieved on: 
Friday, April 26, 2024
OTC, EVS, Government, Federal

PORTLAND, April 26, 2024 (GLOBE NEWSWIRE) -- Shorepower Technologies, Inc. (OTC PINK: SPEV) (“Shorepower”), following it becoming a public company through its merger last March and receipt of funds in connection with the merger, has focused on bolstering its internal infrastructure, grant writing capabilities and sales.

Key Points: 
  • Shorepower is now pleased to announce that it has received two state grants in California.
  • The Company continues to anticipate being able to announce further state contract wins in the weeks to come.
  • Shorepower believes that these additions will enable it to more quickly upgrade and add to its current charging station network.
  • CEO and founder of Shorepower, Jeff Kim, said: “Winning grants in California and New Hampshire will help us hold our industry leading position as the largest commercial network in the country.

RBAZ Bancorp, Inc. Announces Unaudited Financial Results For the Quarter Ending March 31, 2024

Retrieved on: 
Thursday, April 25, 2024
Total, Federal Reserve, Republic Bank, Federal Home Loan Banks, Federal, Unemployment, Bank, GDP, Growth

Our liquidity position also strengthened during the quarter; a significant achievement given the tightening of liquidity experienced in the industry over the past 18 months.

Key Points: 
  • Our liquidity position also strengthened during the quarter; a significant achievement given the tightening of liquidity experienced in the industry over the past 18 months.
  • We saw some expected loan payoffs late in the quarter on completed construction projects and bridge loans.
  • However, inflation, unemployment and GDP all remain at elevated levels providing little to no support for the start of these reductions.
  • Despite these trends, RBAZ continues to see significant loan opportunities resulting in a robust pipeline heading into the second quarter.

Seacoast Reports First Quarter 2024 Results

Retrieved on: 
Thursday, April 25, 2024
Common equity, Sale, Total, Federal Reserve, Investment, FHLB, SBIC, Risk, The Company, Visa, Federal Home Loan Banks, Depreciation, Federal, Insurance, Growth, SBA, SBCF, Government, Acquisition, Workforce, Share repurchase, Marketing, FDIC, GAAP, Video game

STUART, Fla., April 25, 2024 (GLOBE NEWSWIRE) -- Seacoast Banking Corporation of Florida ("Seacoast" or the "Company") (NASDAQ: SBCF) today reported net income in the first quarter of 2024 of $26.0 million, or $0.31 per diluted share, compared to $29.5 million, or $0.35 per diluted share in the fourth quarter of 2023 and $11.8 million, or $0.15 per diluted share in the first quarter of 2023.

Key Points: 
  • Accretion on acquired loans totaled $10.6 million in the first quarter of 2024, $11.3 million in the fourth quarter of 2023, and $15.9 million in the first quarter of 2023.
  • The cost of deposits increased 19 basis points, from 2.00% in the prior quarter, to 2.19% in the first quarter of 2024.
  • Seacoast recorded $7.8 million of income tax expense in the first quarter of 2024, compared to $8.3 million in the fourth quarter of 2023, and $2.7 million in the first quarter of 2023.
  • The efficiency ratio was 66.78% in the first quarter of 2024, compared to 60.32% in the fourth quarter of 2023 and 64.62% in the prior year quarter.