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Goldman, T. Rowe Team Up on Alternatives for Wealthy, Retirement Savers
ZACKS· 2025-09-17 18:26
Core Insights - The partnership between Goldman Sachs and T. Rowe Price aims to enhance individual investors' access to private markets through alternative investment products by late 2025, with retirement account solutions to follow in 2026 [1][9] - This initiative is a response to an executive order that expanded 401(k) plans to include private credit and private equity, potentially unlocking access to approximately $9 trillion in U.S. retirement savings [2] - Goldman Sachs will invest up to $1 billion in T. Rowe Price to strengthen their collaboration and co-develop new offerings [3][9] Product Development and Rollout - The rollout of alternative investment products will occur in stages, starting with affluent clients and later expanding to retirement savers [7] - Retirement products will initially feature small allocations to alternatives, decreasing as investors approach retirement, while specialized portfolios will combine private credit, private equity, and traditional public investments for affluent clients [4] Liquidity and Transparency Measures - To address liquidity and transparency concerns, retirement products will include daily pricing and limited liquidity options, with alternative investments potentially representing 10%–20% of retirement portfolios in the long term [5] Management Perspectives - Goldman Sachs' head of Wealth and Asset Management highlighted the goal of making these products accessible to a broader audience beyond large institutions and high-net-worth individuals [6] - T. Rowe Price's CEO expressed confidence in having various products available by mid-2026, emphasizing the importance of liquidity and daily pricing for individual investors [6] Market Context - The initiative represents a significant step in integrating alternative investments into mainstream retirement and wealth planning, combining Goldman's expertise in private markets with T. Rowe's retirement planning experience [7] - Over the past year, Goldman Sachs shares have increased by 61.8%, outperforming the industry growth of 49.3% [8]
Denver's #1 Team, The Impact Group, Joins eXp Realty Following $305M in Sales
Globenewswire· 2025-09-17 16:00
Core Insights - eXp Realty has welcomed The Impact Group, a prominent real estate team from Colorado, into its global network, enhancing its agent-centric model [2][3] - The Impact Group achieved $305 million in sales across 429 units in 2024, ranking first in the Denver Metro Association of Realtors for two consecutive years [2][3] - The collaboration aims to leverage eXp's extensive network and innovative strategies to improve competitive positioning and client service in a changing market [3] Company Overview - eXp World Holdings, Inc. is the parent company of eXp Realty and SUCCESS Enterprises, operating as a cloud-based, agent-centric brokerage with over 82,000 agents in 28 countries [4] - eXp Realty offers industry-leading commission splits, revenue share, equity ownership opportunities, and a global network to empower agents [4] - SUCCESS Enterprises, part of the eXp ecosystem, provides resources for personal and professional development to enhance agents' skills and business growth [4]
Coastal States Bank Welcomes Ronye Cooper and SJ Lofton to its Retail Banking Team in Atlanta
Businesswire· 2025-09-17 14:00
Core Insights - Coastal States Bank (CSB) has expanded its retail banking team in the Atlanta region by hiring Ronye Cooper and SJ Lofton [1] Group 1: New Hires - Ronye Cooper has been appointed as Assistant Vice President and Team Leader for the Sandy Springs branch [1] - Cooper brings over 15 years of industry experience, focusing on financial management, customer service, and team leadership [1] - In his new role, Cooper will lead the Sandy Springs retail team in business development and client account management [1]
Lightwave Logic, Inc. Provides Update on its Executive Leadership Team
Accessnewswire· 2025-09-16 20:15
Group 1 - The company has reached a definitive agreement to extend the employment term of CEO Yves LeMaitre [1] - CFO and COO Jim Marcelli will retire at the end of the year, prompting the company to initiate a search for his replacement [1] - Lightwave Logic, Inc. is recognized as a leading provider of high-performance electro-optic polymer materials [1]
JetBlue Suits Up with a Fresh New York Jets Livery Inspired by Team Uniforms
Businesswire· 2025-09-16 18:01
Core Point - JetBlue and the New York Jets have unveiled a new Jets-branded livery at John F. Kennedy International Airport, featuring refreshed branding for the 2025 season [1] Group 1 - The new aircraft design is named "J! E! T! B! L! U! E!" and incorporates the team's latest logos and colors [1] - This marks the third livery design collaboration between JetBlue and the New York Jets [1] - The unveiling event highlights the long-term partnership between JetBlue and the New York Jets [1]
Capitan Silver Strengthens Management Team and Board with Key Hires
Newsfile· 2025-09-16 11:00
Management Team Enhancements - Capitan Silver Corp. has announced several key additions to its management team and Board of Directors to strengthen its operations as it advances the Cruz de Plata high-grade silver project [1][14] - New appointments include Graham Scott as Director, Marc Idziszek as VP Exploration, Israel Tolano Chacón in Technical Services, Xochitl L. Valenzuela Verdugo for Project Evaluation, and Greg DiTomaso for Investor Relations [4][11] Individual Profiles - Graham Scott brings extensive experience in geology and mining law, having represented clients in discovering world-class deposits and negotiating mining agreements [2][5] - Marc Idziszek has over 20 years of experience in precious metals exploration and has been overseeing Capitan Silver's exploration program since 2020 [3][5] - Israel Tolano Chacón has over 30 years of experience in leading mining and industrial projects, with a strong background in project delivery on time and within budget [6][7] - Xochitl L. Valenzuela Verdugo has nearly 30 years of experience in mine planning and engineering, having held senior roles at Argonaut Gold and Goldcorp [9][10] - Greg DiTomaso has nearly 20 years of experience in investor relations, having supported numerous senior management teams in the mining sector [11][12] Stock Option Grant - On September 5, 2025, Capitan Silver granted 1,800,000 stock options to certain directors, officers, and consultants at an exercise price of $1.54, valid for five years, with vesting over 36 months [12]
8x8 Launches “CX Champions Fantasy Team” to Recognize the Real People Powering Great Customer Experience
Businesswire· 2025-09-16 08:00
Core Insights - 8x8, Inc. has launched the 8x8 CX Champions Fantasy Team, a global recognition program aimed at celebrating individuals who contribute to exceptional customer experience (CX) moments [1] Company Summary - The 8x8 CX Champions Fantasy Team is designed to honor individuals who have made significant impacts in customer experience [1]
KFC U.S. Names Melissa Cash as Chief Marketing Officer, Bolstering Powerhouse Leadership Team Poised to Accelerate Brand's Comeback
Prnewswire· 2025-09-15 14:00
Core Insights - KFC U.S. has appointed Melissa Cash as Chief Marketing Officer, effective September 16, 2025, to lead the brand's modern marketing strategy [1][2] - The leadership team is being strengthened with key appointments, including Francis "Rico" Arrastia as Chief Digital & Technology Officer, Tiffany Furman as Chief Growth Officer, and Sarah Crow as Chief Legal Officer [1][6][8][9] Company Strategy - Cash will focus on brand strategy, food innovation, integrated marketing, media and communications, consumer insights, and e-commerce marketing [2] - The brand aims to accelerate its Kentucky Fried Comeback Plan to enhance brand relevance and growth in a competitive market [5] Leadership Background - Melissa Cash has over 20 years of experience in brand development, previously serving as SVP and Chief Brand Officer at Wingstop, where she significantly increased revenue and brand awareness [4] - Francis "Rico" Arrastia brings 27 years of experience in product and technology leadership from companies like Levi Strauss & Co. and Walmart Global eCommerce [6][7] - Tiffany Furman has been with Yum! Brands for over 17 years, previously serving as CFO at Habit Burger & Grill [8] - Sarah Crow has six years of experience with Yum! Brands, previously leading the Global Franchising Office [9] Leadership Vision - Cash expressed enthusiasm for leading KFC's marketing efforts to enhance its cultural relevance and growth [5] - Arrastia aims to modernize KFC's digital and technology strategy to improve customer experiences and drive growth [7] - The assembled leadership team is expected to sharpen KFC's competitive edge and facilitate a significant U.S. comeback [10]
10 Years of Supporting Rural America: Bayer and Luke Bryan Team Up with Feeding America® to Tackle Hunger with “Take Care, Now” Campaign
Businesswire· 2025-09-15 14:00
Core Insights - Bayer has announced a milestone in its Take Care, Now campaign in collaboration with country superstar Luke Bryan and Feeding America, focusing on addressing food insecurity and nutrient gaps [1] Company Initiatives - The campaign builds on last year's success and aims to tackle both food insecurity and "hidden hunger," which refers to nutrient deficiencies that can affect long-term health despite adequate caloric intake [1] - This year's initiative includes a new component to celebrate the 10th anniversary of the campaign [1]
Team, Inc. Announces Private Placement of Preferred Stock
Globenewswire· 2025-09-11 20:15
Core Viewpoint - Team, Inc. has successfully closed a $75 million private placement of preferred stock and warrants with Stellex Capital Management, which will reduce debt and enhance financial flexibility while establishing a strategic partnership aligned with the company's management priorities [2][3]. Financial Transaction Highlights - The transaction involves the sale of $75 million of 10.5% Series B Preferred Stock, with dividends payable quarterly either in kind or cash [4]. - The proceeds will be used to repay $25 million of loans under the ABL Credit Facility and approximately $42 million under the Second Lien Term Loan Credit Agreement [4]. - Stellex will receive 982,371 Tranche A Warrants and 470,889 Tranche B Warrants, with exercise prices of $23.00 and $50.00 per share, respectively [4]. Debt Reduction and Financial Flexibility - The transaction allows for the repayment of approximately $67 million of debt and includes amendments to existing credit facilities to increase commitment amounts and reduce applicable margins [6][7]. - The ABL Credit Facility commitment amount is increased from $130 million to $150 million, with a maturity extension to October 2028 [7]. - The First Lien Term Loan Facility has also been amended to reduce the applicable margin by 25 basis points, enhancing financial flexibility [8]. Strategic Partnership and Future Growth - Stellex will have the right to nominate two members to Team's Board of Directors, indicating a deeper strategic partnership [5]. - The investment is seen as a commitment to operational excellence, technology advancement, and long-term value creation for customers and shareholders [3].