OMAHA, Neb., May 14, 2024 (GLOBE NEWSWIRE) -- Mosaicx, a cloud-based conversational AI solution, has been named a finalist in the "Automation Solution of the Year" category of the 2024 CCW Excellence Awards. The award recognizes innovative companies and top-performing executives for their contributions to the customer contact profession. Winners will be announced at a gala during Customer Contact Week (CCW) in Las Vegas on June 3 – 6, 2024. In addition to participating in CCW Las Vegas, Mosaicx executives w ...

Key TakeawaysIntel and Apollo Global Management are reportedly in advanced talks to have the private equity firm put up more than $11 billion for a new Intel chip plant in Ireland.The Wall Street Journal said an agreement could come in the coming weeks.Intel CEO Pat Gelsinger has called Ireland "The Silicon Isle." Intel (INTC) shares rose in intraday trading Monday on a report it is in advanced talks with Apollo Global Management for the private equity firm to provide the chipmaker with more than $11 billio ...

OMAHA, Neb., May 09, 2024 (GLOBE NEWSWIRE) -- TeleVox, the industry-leading provider of omnichannel patient relationship management platforms, today announced that its Enterprise Edition platform has won the "Patient Relationship Innovation Award" in the 8th annual MedTech Breakthrough Awards. The award program is conducted by MedTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies and products in the global digital health and medical technology ...

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...

Should Sony and Apollo get their hooks into Paramount Global their strategy would be to keep theatrical release output steady between both studios –not reduced– while cutting the more burdensome parts of the conglom, read auctioning off CBS, the linear channels like MTV and Paramount Plus streaming service. The news about theatrical output is per Deadline tonight, while the New York Times reported earlier that Sony and Apollo have plans to cut Paramount’s TV assets in their $26 billion bid for the enterta ...

Core Viewpoint - The Flaherty & Crumrine Total Return Fund has seen a decline in attractiveness as an income vehicle, yielding 6.70%, which is lower than its peers, primarily due to high leverage and subsequent losses from rising interest rates [3][21]. Fund Performance - The fund's yield of 6.70% is significantly lower than peers such as Cohen & Steers Select Preferred & Income Fund (8.80%) and First Trust Intermediate Duration Preferred & Income Fund (7.78%) [3]. - Over the past year, the fund has delivered the worst performance among its peers, attributed to its low yield and high leverage [3][5]. - Despite a recent gain of 3.37%, the fund's performance remains subpar compared to the preferred stock index, which has been flat [3][4]. Interest Rate Impact - Long-term interest rates have risen, with the ten-year U.S. Treasury Note yield increasing from 4.03% to 4.488% [3]. - The market's expectation of rapid interest rate cuts has led to a paradox where preferred stock prices have not declined as expected [3][4]. - The fund's leverage, which is at 39.20%, is higher than many peers, making it more susceptible to market corrections [15][21]. Distribution Analysis - The fund pays a monthly distribution of $0.0897 per share, resulting in a yield of 6.70%, but has a history of inconsistent distributions, having cut them multiple times in recent years [16][17]. - For the fiscal year ending November 30, 2023, the fund's total investment income was $20.14 million, insufficient to cover the $11.44 million in distributions, leading to net asset value declines [19]. Investment Strategy - The fund primarily invests at least 80% of its total assets in preferred securities and other income-producing securities, with a focus on the financial sector [6][10]. - The fund's asset allocation includes 70.8% in preferred stock and hybrid securities, 21.2% in contingent capital securities, and 2.4% in corporate debt [7]. Valuation - The fund currently trades at a discount of 12.65% to its net asset value, which is consistent with its average discount over the past month [20]. Conclusion - The Flaherty & Crumrine Total Return Fund, while popular, faces challenges due to high leverage and inconsistent distributions, making it a high-risk investment in the current interest rate environment [21].

Table of Contents Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock APO New York Stock Exchange 6.75% Series A Mandatory Convertible Preferred Stock APO.PRA New York Stock Exchange 7.625% Fixed-Rate Resettable Junior Subordinated Notes due 2053 APOS New York Stock Exchange UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 ...

We Are This is my quarterly update on Apollo (NYSE:APO) and its insurance (aka retirement) subsidiary Athene. We will summarize the last quarter, play with valuations, and dive deeper into Athene including its preferred stocks. I would refer to my old articles for those unfamiliar with Apollo's structure. But for convenience, I will explain it briefly below. The company consists of an alternative asset manager Apollo ("old Apollo") and an annuity provider Athene. Apollo charges various fees for managing ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Spokespeople for Paramount, Redstone's National Amusements, the special committee and Skydance declined to comment. Sony and Apollo did not immediately respond to requests for comment.Skydance Media hasn't heard anything from the special committee yet, though it expects to find out the special committee's recommendations on next moves as early as Thursday, according to people familiar with the matter. Paramount's panel could recommend approving Skydance's offer or rejecting it, or it could come back to the ...