In Wake of Another Fed Rate Hike, Unemployment Applications Fall
Corp! Magazine
by Brad Kadrich
21h ago
Despite yet another interest rate hike by the Federal Reserve, the Labor Department reported that U.S. applications for unemployment fell again last week ..read more
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Expert: Understanding the Stakeholder is Key to Communication
Corp! Magazine
by Brad Kadrich
21h ago
A connection coach says finding out what reaches a stakeholder can be the key to successful communication ..read more
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Amid Banking Turmoil, Fed Raises Interest Rates Another Quarter-Point
Corp! Magazine
by Brad Kadrich
2d ago
In the wake of two of the largest bank failures in U.S. history, the Federal Reserve announced Wednesday it's raising its key interest rate another quarter-point ..read more
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Blackford Capital Named M&A Dealmaker of the Year by ACG Detroit
Corp! Magazine
by Press Release
2d ago
Grand Rapids, MI, March 20, 2023 – Blackford Capital, a leading lower middle market private equity firm, today announced the company has been named “M&A Dealmaker of the Year” by the 8th Annual M&A All Star Awards presented by the Association for Corporate Growth (ACG) Detroit chapter. “We are thrilled and honored to be named ..read more
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GM, Stellantis Among Investors in Holographic Display Startup
Corp! Magazine
by Press Release
1w ago
MILTON KEYNES, UK —  Envisics, pioneer and global leader in dynamic holographic technology announced receiving over $50 million as part of its Series C strategic funding round. The round was led by Hyundai Mobis – a strategic investor from the Series B round in 2020 – with additional investments from new strategic shareholders InMotion Ventures ..read more
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Facebook Parent Meta Cutting Another 10,000 Jobs
Corp! Magazine
by Brad Kadrich
1w ago
For the second time in less than six months, Facebook parent company Meta is announcing a round of layoffs. After cutting 11,000 jobs back in November, Meta has announced it will cut another 10,000 jobs this spring in what CEO Mark Zuckerberg called a “restructuring” in a statement posted to Meta’s website. In addition to ..read more
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Unemployment Claims Drop; Fed Considers Next Steps
Corp! Magazine
by Brad Kadrich
1w ago
After applications for unemployment assistance rose last week by more than they had in the last five months, requests for help dropped last week. According to statistics released by the Labor Department, applications for unemployment claims in the U.S fell by 20,000 for the week ending March 11. Last week’s claims totaled 192,000, down from ..read more
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U.S. Economy Exceeds Expectations, Adds 311,000 Jobs in February
Corp! Magazine
by Press Release
1w ago
Chair Powell’s semiannual testimony before Congress and labor market data releases dominated the economic calendar this week. Powell noted recent data had reversed the softening economic trends observed in the past few months, some of which he attributed to unseasonably warm weather in January. He reiterated the labor market was very tight and inflation well ..read more
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T-Mobile Acquiring Mint as Part of $1.35 Billion Deal
Corp! Magazine
by Press Release
1w ago
BELLEVUE, Wash. – T-Mobile US announced that it has entered into a definitive agreement to acquire Ka’ena Corporation and its subsidiaries and brands: Mint Mobile, a successful direct-to-consumer prepaid wireless brand in the U.S.; Ultra Mobile, a unique wireless service offering international calling options to communities across the country; and wholesaler Plum. With this deal ..read more
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Bally Sports Parent Company Files for Chapter 11 Bankruptcy Protection
Corp! Magazine
by Brad Kadrich
1w ago
Diamond Sports Group, which owns 19 networks operating under the “Bally Sports” banner, filed for Chapter 11 bankruptcy protection this week. Diamond, the largest owner of regional sports networks in the company, missed a $140 million interest payment last month, according to published reports in several news outlets. According to the Associated Press, Diamond owns ..read more
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