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Month: April 2020

Newtek Small Business Finance Obtains $548 Million in E-Tran Numbers For Paycheck Protection Program (PPP) Loans To-Date

BOCA RATON, Fla., April 20, 2020 (GLOBE NEWSWIRE) — Newtek Business Services Corp., (Nasdaq: NEWT), an internally managed business development company (“BDC”), today announced that Newtek Small Business Finance, LLC (“NSBF”), the Company’s nationally licensed lender under the U.S. Small Business Administration (“SBA”) Section 7(a) Program, currently expects to fund upwards of $340 million of PPP loans by the close of business on Tuesday.  As of today, NSBF has approved and obtained SBA E-Tran (loan) numbers for $548 million of PPP loans (which includes the $340 million of  PPP loans to be funded by the end of the day, and $208 million of PPP loans awaiting funding), since the PPP program commenced.  NSBF further estimates that the $548 million of SBA loan numbers received will result in approximately 60,000 employees being retained...

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ITW Schedules First Quarter 2020 Earnings Conference Call

GLENVIEW, Ill., April 20, 2020 (GLOBE NEWSWIRE) — Illinois Tool Works Inc. (NYSE: ITW) will issue its first quarter 2020 results on Tuesday, May 5, 2020 at 7:00 a.m. CDT. Following the release, ITW will hold its first quarter earnings conference call at 10:00 a.m. CDT.To register for and access the webcast for the event, please click on the following link: ITW Q1 2020 Earnings Call WebcastThe event can also be accessed by dialing 1-877-201-0168 (domestic) or 1-647-788-4901 (international). The passcode is “ITW.”Following the call, presentation materials and an audio webcast replay will be available at http://investor.itw.com/. An audio-only replay will be available from May 5 through May 12 by dialing 1-800-585-8367 (domestic) or 1-416-621-4642 (international). The passcode is 3834398.About Illinois Tool WorksITW (NYSE: ITW) is...

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The UPS Foundation Allocates $15M to U.S. Community Organizations and Worldwide Non-profits in Fight Against Coronavirus and to Support the Road to Recovery

ATLANTA, April 20, 2020 (GLOBE NEWSWIRE) —Funding directed to food security, healthcare, education and financial sustainability.Extended funding will help sustain non-profit organizations during and after the recovery phase.The UPS Foundation, which leads the global citizenship programs for UPS (NYSE: UPS), announced today $15M in funding for non-profit organizations around the world, with a focus on the United States. The funding will aid communities impacted by the novel Coronavirus and support non-profits fulfilling their missions now and into the recovery phase.The grants include an initial $1M directed toward urgent and immediate relief in the United States, including delivering life-sustaining healthcare supplies, providing essential food, supporting education, and sustaining financial security.“For many local non-profit organizations,...

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Amazon Prime Video to Premiere Genius Brands International’s New Animated Children’s Series, Stan Lee’s Superhero Kindergarten, Starring Arnold Schwarzenegger, in Spring 2021

BEVERLY HILLS, Calif., April 20, 2020 (GLOBE NEWSWIRE) — Genius Brands International “Genius Brands” (NASDAQ: GNUS) announced today the spring 2021 premiere of its new children’s animated series, Stan Lee’s Superhero Kindergarten, starring Arnold Schwarzenegger, on Amazon Prime (NASDAQ:AMZN).  Amazon Prime joins Alibaba Group’s (NYSE:BABA) which will launch the series in China on its video streaming platform for kids, Youku.Genius Brands’ Chairman & CEO Andy Heyward stated: “With Amazon Prime in the U.S. and Alibaba in China, we are very excited to launch on these two premiere platforms in the two largest territories in the world.” “Years ago, Stan Lee and I spoke of such a project, and I’m excited to finally bring great storytelling to kids around the world, which will also promote lessons of health, exercise, fitness, and...

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Kaiser Aluminum Corporation Reports First Quarter 2020 Financial Results

First Quarter 2020:Net Sales $369 Million; Value Added Revenue $217 Million, Down 1% Year-over-YearNet Income $29 Million; Net Income per Diluted Share $1.81Adjusted Net Income $30 Million; Adjusted Earnings per Diluted Share $1.90Record Adjusted EBITDA $59 Million; Record Adjusted EBITDA Margin 27.4%Current Situation and Strategy:Health and Safety of Our Employees is Our Top PriorityIncluded in the Critical Manufacturing Sector and Recognized as an Essential BusinessAll Facilities Continue to Operate, Following CDC Guidelines and ProtocolsSolid Financial Position – Total Liquidity $688 Million, 0.7x Net Debt to Adjusted EBITDAAble to Flex Highly Variable Conversion Costs and Capital SpendingFocused on Successful Execution of Our Longstanding Business Cycle StrategyFOOTHILL RANCH, Calif., April 20, 2020 (GLOBE NEWSWIRE) —...

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Leggett & Platt Announces 1Q 2020 Earnings Call

Carthage, MO, April 20, 2020 (GLOBE NEWSWIRE) — Leggett & Platt (NYSE:LEG), a diversified manufacturer of engineered products serving several major markets, will release first quarter earnings results on Monday, May 4, 2020 after the market closes, and hold its quarterly conference call to discuss first quarter results on Tuesday, May 5, 2020, at 8:30 a.m. Eastern Time (7:30 a.m. Central Time).This call will be webcast and can be accessed from the Investor Relations section of Leggett & Platt’s website at www.leggett.com. Dial in information: 201-689-8341, no passcode required. The earnings release and slides containing summary financial information will be posted to the Investor Relations section of our website on May 4 shortly after the market closes. The audio replay of the webcast and transcript will be available on...

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Intertape Polymer Group Inc. Announces Change to a Virtual Annual General Meeting on May 13, 2020

MONTREAL and SARASOTA, Fla., April 20, 2020 (GLOBE NEWSWIRE) — Intertape Polymer Group Inc. (TSX:ITP) announces that its annual general meeting of shareholders originally scheduled to be held on May 13, 2020 at 12:00 p.m. (EST) at the Fairmont Royal York Hotel in Toronto, Ontario will be changed to a virtual only meeting (the “Meeting”) to be held at the same time and on the same date.In an effort to safeguard the health of all stakeholders and the broader community associated with the COVID-19 pandemic, the Company has opted to change its in-person annual general meeting to a virtual format via the implementation of an online platform enabling shareholders to attend and vote at the Meeting via live audio webcast. The health and safety of all of our shareholders and employees is paramount to us and we would like to thank our shareholders...

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Sage Intacct named a Leader in IDC MarketScape: Worldwide SaaS and Cloud-Enabled Mid-Market Finance and Accounting Software

ATLANTA, April 20, 2020 (GLOBE NEWSWIRE) — Sage (FTSE: SGE), the market leader in cloud business management solutions, today announced that Sage Intacct has been named a Leader in the new IDC MarketScape: Worldwide SaaS and Cloud-Enabled Mid-Market Finance and Accounting Software Vendor Assessment (doc #US45837220, April 2020).Download an excerpt of the IDC MarketScape report with dedicated analysis on Sage Intacct.Sage Intacct was specifically recognized for being purpose built for finance professionals by finance experts, as well as for its micro-vertical focus. To that end, the report notes that this micro-vertical strategy has the potential to drive a deeper connection between the customer and the software.“The Sage Intacct team has taken steps to really understand the unique needs of targeted segments within larger industries,...

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AMC Networks to Report First Quarter 2020 Results

NEW YORK, April 20, 2020 (GLOBE NEWSWIRE) — AMC Networks Inc. (NASDAQ: AMCX) will host a conference call to discuss results for the first quarter 2020 on Tuesday, May 5, 2020 at 8:30 a.m. Eastern Time. AMC Networks will issue a press release reporting its results prior to the market opening.The conference call will be webcast live via the company’s website at www.amcnetworks.com under the heading “Investors”. Those parties interested in participating via telephone please dial 877-347-9170 with the conference ID number 8975473 approximately 10 minutes prior to the call.

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Sanoma completes the divestment of Sanoma Media Netherlands

Sanoma Corporation, Stock exchange release, 20 April 2020 at 16:00 EETSanoma completes the divestment of Sanoma Media NetherlandsSanoma has today completed the divestment of Sanoma Media Netherlands to DPG Media. The divestment was announced on 10 December 2019 and it was subject to customary closing conditions, including the approval of Dutch competition authorities, which was announced on 10 April 2020.“The closing of the divestment of Sanoma Media Netherlands to DPG Media is a significant step in Sanoma’s strategic transformation into a growing European learning company and the leading cross-media company in Finland. Going forward, we have a balanced portfolio with two strong businesses – Learning and Media Finland – ready for growth, a solid balance sheet, and a EUR 400 million headroom for future M&A. Already at the end of April,...

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