Browsed by
Tag: announces

South Carolina announces new relief for nonprofits, small businesses

South Carolina announces new relief for nonprofits, small businesses

Small and minority-owned businesses and nonprofits in South Carolina may apply for grant awards to be reimbursed for qualifying expenditures for providing services or revenue loss because of the response to COVID-19.



a group of people walking on a sidewalk


© Provided by Washington Examiner


Announced by the Department of Administration on Monday, grants in the amount of $2,500 up to $50,000 will be funded with federal Coronavirus Aid, Relief and Economic Security Act money.

Loading...

Load Error

Businesses and nonprofits can apply for relief grants beginning Oct. 19, and applications must be received no later than Nov. 1.

To qualify for a grant, small and minority-owned businesses must employ 25 or fewer employees, be located in South Carolina, have been operational from Oct. 13, 2019, to present and must have experienced economic effects because of the coronavirus pandemic.

Nonprofits must be a registered 501(c)(3) organization, registered as a public charity in South Carolina, physically located within the state and have been operational from Oct. 13, 2019, to present.

Grants will be administered by the Department of Administration in cooperation with Guidehouse Inc., a professional grant management services provider.

Tags: States, News, Coronavirus, Business, South Carolina

Original Author: Vivian Jones, The Center Square

Original Location: South Carolina announces new relief for nonprofits, small businesses

Continue Reading

Source Article Read the rest

PennyMac Financial Services, Inc. Announces Proposed Private Offering of Additional 5.375% Senior Notes

PennyMac Financial Services, Inc. Announces Proposed Private Offering of Additional 5.375% Senior Notes

WESTLAKE VILLAGE, Calif.–(BUSINESS WIRE)–Oct 14, 2020–

PennyMac Financial Services, Inc. (NYSE: PFSI) (the “Company”) today announced that it intends to offer an additional amount of its 5.375% Senior Notes due 2025 (such additional amount, the “New Notes”). The New Notes will be issued under the indenture governing the Company’s $500 million aggregate principal amount of 5.375% Senior Notes due 2025 issued on September 29, 2020 (the “Existing Notes”). The New Notes, if issued, will be treated as a single series with the Existing Notes and will have the same terms as the Existing Notes, other than with respect to the date of issuance and the issue price.

The Company intends to use the net proceeds from this offering for general corporate purposes, which may include the repayment of the Company’s existing secured warehouse borrowings. The offering is subject to market conditions and other factors. The offering will be made solely by means of a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to certain non-U.S. persons pursuant to Regulation S under the Securities Act.

The New Notes have not been and are not expected to be registered under the Securities Act or under any state securities laws and, unless so registered, may not be offered or sold in the United States or to U.S. persons absent an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale of any security in any jurisdiction in which such offering, solicitation or sale would be unlawful.

About PennyMac Financial Services, Inc.

PennyMac Financial Services, Inc.

Read the rest
Macy’s, Inc. Announces Chief Financial Officer Transition

Macy’s, Inc. Announces Chief Financial Officer Transition

Adrian V. Mitchell to become Chief Financial Officer effective November 2, 2020

Felicia Williams, interim Chief Financial Officer, to join CEO Action for Racial Equity as a Macy’s, Inc. Fellow

Macy’s, Inc. (NYSE:M) today announced that Adrian V. Mitchell has been appointed chief financial officer, to take effect November 2, 2020.

Mitchell will be responsible for leading all finance functions including, accounting, treasury, investor relations, internal audit, financial/capital planning & analysis, and procurement. He will report to Jeff Gennette, chairman and chief executive officer of Macy’s, Inc.

“We’re delighted that Adrian is joining Macy’s, Inc. at this crucial time in our company’s journey and look forward to welcoming him on November 2,” said Gennette. “In a retail environment where change is accelerating beyond what we could have imagined a year ago, Adrian’s depth of financial and operational experience, coupled with his leadership in strategy, innovation, and transformation, will help us on our path to emerge a stronger company.”

Mitchell has extensive retail experience and a track record of success in financial, operational and strategy roles. Mitchell joins Macy’s, Inc. from Boston Consulting Group (BCG) where he is a Managing Director and Partner in the Digital BCG and Consumer Practices. Since joining BCG in 2017, Mitchell has led client work with a wide variety of retailers, helping them to solve their toughest challenges in an increasingly competitive and disruptive environment. Working primarily with Fortune 500 companies, his projects included organic and inorganic growth strategy, large-scale operational improvement projects and digital, data & advanced analytics efforts within retail operations across automotive, drugstore, fast food, mass and specialty retail companies.

Prior to joining BCG, Mitchell had wide-ranging retail experiences. This includes serving as Board Director and member of the Audit and Finance Committee at Recreational Equipment, Inc. from 2016 to 2017. He served

Read the rest
Aurinia Pharmaceuticals Announces Launch of Lupus Nephritis Disease-State Awareness Initiative for Healthcare Professionals, TimeIsNephrons.com

Aurinia Pharmaceuticals Announces Launch of Lupus Nephritis Disease-State Awareness Initiative for Healthcare Professionals, TimeIsNephrons.com


Aurinia Pharmaceuticals Inc. (NASDAQ:AUPH / TSX:AUP) (“Aurinia” or the “Company”) today announced Time Is Nephrons, the first-ever lupus nephritis (LN) disease-state awareness campaign for healthcare professionals (HCPs). The initiative aims to highlight the importance of active screening for early diagnosis to potentially minimize the impact on kidney function and improve long-term outcomes for every patient with LN.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201014005164/en/


“Unfortunately, for many patients, the signs of lupus nephritis are subtle, yet a single flare of LN can potentially shorten the life span of the kidney by decades. Our ongoing engagement with the lupus nephritis community revealed a key role for Aurinia to help change the course of the patient journey by creating a comprehensive resource for healthcare professionals with the latest disease monitoring and management methods,” said Neil Solomons, M.D., Chief Medical Officer at Aurinia Pharmaceuticals. “We are excited to launch the Time Is Nephrons initiative which, along with our patient-focused disease awareness campaigns, aims to enhance awareness and the outlook for patients in need.”


Lupus nephritis is one of the most serious complications of systemic lupus erythematosus (SLE) and is caused by an inflammation of the kidney leading to proteinuria. If left untreated, LN can lead to irreversible kidney damage, kidney failure, or even death. In patients with LN, renal damage may start prior to the first clinically detected episode; therefore, patients should be actively and routinely screened for signs of the disease. Patients with LN who achieve a complete response as measured by decreases in proteinuria and a urine protein-to-creatinine ratio (UPCR) of less than 0.5 gm/gm can achieve better long term kidney outcomes such as avoidance of kidney failure, dialysis, or need for transplantation.


About Aurinia


Aurinia Pharmaceuticals is a late-stage

Read the rest
Apple announces MagSafe wireless charging for iPhone 12

Apple announces MagSafe wireless charging for iPhone 12

  • Apple revealed the brand new iPhone 12 on Tuesday afternoon during its annual iPhone event.
  • Alongside the new phone, Apple announced a new $40 wireless charging mat named MagSafe — a nod to the beloved charging port that appeared on Apple laptops for years.
  • The new charger is Apple’s second attempt to break into wireless charging. The company previously revealed — and almost launched — a product named “AirPower” that was eventually cancelled in a rare move from Apple.
  • Visit Business Insider’s homepage for more stories.

Apple is making a second attempt at wireless charging with a new product named MagSafe — a nod to the beloved charging port that was part of every Apple laptop for years.

The new $40 device enables Apple’s latest iPhone, the iPhone 12, to wireless charge. The phone magnetically snaps onto the charger, and Apple has a variety of new accessories to go alongside the new device — from cases to stands, both made by Apple and from third-parties like Belkin.

In addition to the MagSafe charger, Apple also introduced the MagSafe Duo. Instead of charging just an iPhone, the charger can be opened to charge two devices at once.

Here’s what that looks like in action:

Apple iPhone 12 October event




Apple



Notably, the MagSafe wireless chargers aren’t Apple’s first attempt to break into wireless charging.

Back in 2017, Apple announced a device named AirPower that was intended to serve the same purpose. But two years later, despite the product being announced and its name even appearing on related products, Apple killed the device in a rare move for the smartphone giant.

“After much effort, we’ve concluded AirPower will not achieve our high standards and we have cancelled the project. We apologize to those customers who were looking forward to this launch,” Apple’s senior vice president of hardware

Read the rest