Day: May 1, 2020

COVID-19 could reduce employer health care costs due to care deferral, Willis Towers Watson analysis finds

Written by Customer Service on May 1, 2020. Posted in Public Companies.

ARLINGTON, Va., May 01, 2020 (GLOBE NEWSWIRE) — COVID-19 could reduce employer health care costs by as much as 4% in 2020, as medical care for noninfected patients has declined during the pandemic, according to a new Willis Towers Watson analysis of large, self-funded employers. The analysis updates a similar study conducted last month that projected employer costs could rise by as much as 7% due to COVID-19-related costs.“With treatment for COVID-19 top of mind, people have been putting off nonemergency medical care, including routine office visits and elective procedures at hospitals,” said Trevis Parson, chief actuary, Willis Towers Watson. “Given this reduction in use of medical services, we expect cost reductions due to care deferral to more than offset projected cost increases associated with COVID-19 infections.”The updated...

Corning Announces Quarterly Dividend

Written by Customer Service on May 1, 2020. Posted in Public Companies.

CORNING, N.Y. , May 01, 2020 (GLOBE NEWSWIRE) — Corning Incorporated’s (NYSE: GLW) Board of Directors today declared a quarterly dividend of $0.22 per share on the company’s common stock. The dividend will be payable on June 30, 2020, to shareholders of record on May 29, 2020.Caution Concerning Forward-Looking StatementsThis press release contains “forward-looking statements” (within the meaning of the Private Securities Litigation Reform Act of 1995), which are based on current expectations and assumptions about Corning’s financial results and business operations, that involve substantial risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties include: the duration and severity of the recent COVID-19 (coronavirus) outbreak, and its ultimate impact across our businesses on demand,...

XBiotech Identifies “Super Bloods” for the Development of a True Human™ COVID-19 Therapy

Written by Customer Service on May 1, 2020. Posted in Public Companies.

Donors with Potent Natural Immunity Against the Virus are Identified as the Starting Point for XBiotech’s Drug Development Program to Treat COVID-19AUSTIN, Texas, May 01, 2020 (GLOBE NEWSWIRE) — XBiotech Inc. (NASDAQ: XBIT) announced today that human immune donors have now been identified that can support the Company’s development of a True Human™ antibody therapy for COVID-19. XBiotech recently developed and transferred screening technology to South Texas Blood & Tissue Center (STBTC), a blood donor organization, that enables blood donors that have COVID-19 immunity to be identified. In collaboration with STBTC, XBiotech scientists have been searching for ideal blood donors with strong natural immunity to COVID-19 to begin its True Human™ antibody discovery process.XBiotech scientists have focused their search to find blood...

California BanCorp Reports Financial Results for the First Quarter Ended March 31, 2020

Written by Customer Service on May 1, 2020. Posted in Earnings Releases And Operating Results.

OAKLAND, Calif., May 01, 2020 (GLOBE NEWSWIRE) — California BanCorp (the “Company”) (Nasdaq-CALB), the parent company of California Bank of Commerce (the “Bank”), today announced its financial results for the first quarter ended March 31, 2020.Net income was $473 thousand for the first quarter of 2020, representing a decrease of $105 thousand, or 18% compared to $578 thousand for the fourth quarter of 2019 and a decrease of $1.4 million, or 75%, compared to $1.9 million for the first quarter of 2019. Diluted earnings per share of $0.06 for the first quarter of 2020 compared to $0.07 for the fourth quarter of 2019 and $0.23 for the same period one year ago.“As we all experience the pressure that the COVID-19 pandemic has caused, the first quarter represents the culmination of an extraordinary effort launched in 2018 to expand our activities,...

CarGurus Study Finds Several Bright Spots for Canadian Auto Sector During COVID-19

Written by Customer Service on May 1, 2020. Posted in Public Companies.

CAMBRIDGE, Mass., May 01, 2020 (GLOBE NEWSWIRE) — CarGurus (Nasdaq: CARG), a leading global online automotive marketplace, today released its Canadian COVID-19 Sentiment Study. As COVID-19 disrupts several industries like automotive retail, this analysis looks into the specific segment of those consumers who either planned on purchasing a vehicle before the pandemic hit and/or those that are now planning on purchasing a vehicle since then. The Canadian CarGurus COVID-19 Sentiment Study delved into a variety of automotive topics, including shoppers’ thoughts on when they plan to buy their next vehicle, and their opinions on both contactless dealership services amid COVID-19, as well as when they will schedule regular vehicle maintenance servicing. In addition, the major findings from the study include:Only 6% of those who had planned...

Tix Corporation Reports First Quarter 2020 Results

Written by Customer Service on May 1, 2020. Posted in Public Companies.

STUDIO CITY, Calif., May 01, 2020 (GLOBE NEWSWIRE) — Tix Corporation (the “Company”) (OTCQX: TIXC), a leading provider of discount ticketing services, today reported results for the first quarter ended March 31, 2020. First Quarter 2020 Summary Results:The Company’s first quarter 2020 revenues decreased to $1,957,000, or 38%, as compared to $3,145,000 in the first quarter 2019, and first quarter 2020 net loss was $927,000, as compared to a $50,000 net income in the first quarter 2019. The Company’s first quarter 2020 financial results were significantly impacted by the closure of entertainment on the Las Vegas Strip, and therefore the cessation of revenue for our business, as discussed below. The Current Las Vegas Marketplace:Our Tix4Tonight business is located in Las Vegas where we sell shows, attractions, tours, and dining...

FeraMAX® Named #1 Recommended Iron Supplement by National Pharmacists and Physicians for Fifth Consecutive Year

Written by Customer Service on May 1, 2020. Posted in Public Companies.

MISSISSAUGA, Ontario, May 01, 2020 (GLOBE NEWSWIRE) — BioSyent Inc. (“BioSyent”, TSX Venture: RX) is pleased to announce that for the fifth consecutive year, FeraMAX® has been named the #1 recommended iron supplement brand in a national survey of Canadian pharmacists and physicians.The 2020 Survey on OTC Counselling & Recommendations was conducted by Ensemble IQ, Research, Insights and Innovation team and the following publications and websites: Pharmacy Practice + Business, The Medical Post, Profession Santé, CanadianHealthcareNetwork.ca and ProfessionSanté.ca. This annual online survey was conducted between October 2019 and January 2020 with Canadian retail pharmacists and physicians. In total, 1,426 surveys were completed by Canadian pharmacists and 654 surveys were completed by Canadian physicians. FeraMAX® was named as...

Scotty McCreery, Eli Young Band, Pat Green, and Maddie & Tae Support Cracker Barrel Old Country Store’s ‘There’s Comfort in Giving’ Program

Written by Customer Service on May 1, 2020. Posted in Public Companies.

LEBANON, Tenn., May 01, 2020 (GLOBE NEWSWIRE) — Cracker Barrel Old Country Store® continues ‘There’s Comfort in Giving’, a program to donate meals and pay-it-forward to healthcare professionals fighting on the frontlines of COVID-19. This week, additional country artists donated meals to hospitals in Texas, North Carolina, and Tennessee to give thanks to our healthcare heroes.Participating Triple 8 Management artists Scotty McCreery, Eli Young Band, and Pat Green along with Red Light Management duo Maddie & Tae donated hundreds of homestyle meals from Cracker Barrel to their hospital of choice to not only give thanks to healthcare workers but also provide the comforts of home during this time of uncertainty. Donations made this week as part of the program include:Scotty McCreery donated to Duke University – Pediatric...

ALG Forecasts Average New Vehicle Transaction Price Up 5.7% Year Over Year Fueled by 0% Interest Rates and Longer Loan Term Offers

Written by Customer Service on May 1, 2020. Posted in Public Companies.

SANTA MONICA, Calif., May 01, 2020 (GLOBE NEWSWIRE) — ALG, Inc., a subsidiary of TrueCar, Inc. and the industry benchmark for determining the future resale value of a vehicle, projects average transaction prices (ATP) to be up 5.7% or $1,986 from a year ago and up 2.0% or $713 from March 2020. “Despite our expectation that retail sales volume will be cut in half in April due to the impact from COVID-19, average transaction prices continued their upward trajectory, hitting record highs this month,” said Eric Lyman, Chief Industry Analyst for ALG, a subsidiary of TrueCar. “This is primarily due to the enticing zero percent interest rates being offered by automakers offsetting any model or trim concessions car buyers would be forced to make otherwise.”“These loans have been particularly popular with domestic truck shoppers,” added...

Colliers Canada report reveals one in five Canadian commercial tenants requested rent relief for April

Written by Customer Service on May 1, 2020. Posted in Public Companies.

VANCOUVER, British Columbia, May 01, 2020 (GLOBE NEWSWIRE) — A new Colliers Canada report shows that 21 per cent of 7,100 retail, industrial and office tenants surveyed requested April rent relief as Canadian businesses continued to slow or shut during the COVID-19 pandemic. Of these commercial tenants, close to half indicated that they could not afford to make their rent payment.The Rent Relief Requests: Key Drivers and Owner Recommendations report surveyed commercial tenants across Canada and revealed four key drivers of rent relief requests:Tenants whose businesses were completely closed were 3.4 times more likely to request rent relief than tenants who were partially open, open remotely, or open.Small business tenants were 2.7 times more likely to request rent relief than regional, national or international tenants.Retail tenants...

Day: May 1, 2020

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