Day: July 23, 2020

Malta, 23 July 2020Kambi Group plc and DraftKings Inc. Reach Agreement on DraftKings’ Migration PhaseTwo companies to mutually support and cooperate on DraftKings’ migration to proprietary technology, DraftKings to take additional steps to safeguard Kambi’s intellectual propertyKambi Group plc and DraftKings Inc. have reached a mutual agreement regarding the migration phase of DraftKings to its proprietary technology from the Kambi sportsbook platform, which secures Kambi with full revenue until the end of the partnership and increases the protections for its intellectual property.The agreement governing the provision of Kambi’s world-leading sports betting technology and services to DraftKings will end no earlier than 30 September 2021, however, DraftKings is permitted to leverage its proprietary technology, in full or part, prior to...

NEWARK, Calif., July 23, 2020 (GLOBE NEWSWIRE) — ShotSpotter, Inc. (Nasdaq: SSTI), the leader in solutions that help law enforcement officials identify, locate and deter gun violence, today announced that the ranger service of the Kruger National Park in South Africa has successfully driven a nearly 60% reduction in the number of rhino killed within ShotSpotter’s coverage area inside the iconic park’s Intensified Protection Zone (IPZ).Since November 2018, ShotSpotter has been incrementally deployed across several areas of the IPZ. These areas were specifically chosen due to the high density of rhinos living within the coverage areas and the strategic importance of these animals to the overall rhino gene pool. During the 12 months prior to ShotSpotter’s deployment, officials at Kruger National Park reported that 12 rhinos were killed...

HOUSTON, July 23, 2020 (GLOBE NEWSWIRE) — News Release – TC PipeLines, LP (NYSE: TCP) (the Partnership) today announced that the board of directors of TC PipeLines GP, Inc., its general partner, declared the Partnership’s second quarter 2020 cash distribution of $0.65 per common unit. The distribution is unchanged from the distribution declared for the first quarter of 2020.This cash distribution is the 85th consecutive quarterly distribution paid by the Partnership and is payable on August 14, 2020 to unitholders of record at the close of business on August 3, 2020.About TC PipeLines, LPTC PipeLines, LP is a Delaware master limited partnership with interests in eight federally regulated U.S. interstate natural gas pipelines which serve markets in the Western, Midwestern and Northeastern United States. The Partnership is managed...

SummaryNet income of $12.6 million, or $0.53 diluted earnings per shareTotal loans increased $463.2 million, or 10.6%, from the end of the prior quarterTotal deposits increased $292.5 million, or 6.3%, from the end of the prior quarterEfficiency ratio of 58.5%Allowance for credit losses strengthened to 0.97% of total loans$276.0 million in Paycheck Protection Program loans as of June 30, 2020EFFINGHAM, Ill., July 23, 2020 (GLOBE NEWSWIRE) — Midland States Bancorp, Inc. (Nasdaq: MSBI) (the “Company”) today reported net income of $12.6 million, or $0.53 diluted earnings per share, for the second quarter of 2020.  This compares to net income of $1.5 million, or $0.06 diluted earnings per share, for the first quarter of 2020, which was impacted by an $8.5 million impairment on commercial mortgage servicing rights (“MSR”) and $1.0 million...

Menarini licenses global development and commercialization rights of elacestrant, an oral SERD currently in late stage Phase 3 developmentElacestrant further strengthens Menarini’s global oncology portfolio, recently bolstered by the acquisition of Stemline Therapeutics in the U.S.Radius will receive $30M as an upfront payment and up to $320M in additional milestones along with tiered low to mid-teen percentage royaltiesWALTHAM, Mass. and FLORENCE, Italy, July 23, 2020 (GLOBE NEWSWIRE) — The Menarini Group and Radius Health, Inc. (Nasdaq: RDUS) announced today that the companies have entered into an exclusive global license agreement for development and commercialization of elacestrant.  Elacestrant is an oral SERD, a selective estrogen receptor degrader, currently being evaluated in the EMERALD Phase 3 study as hormonal treatment...

WEST PALM BEACH, Fla., July 23, 2020 (GLOBE NEWSWIRE) — PHH Mortgage, a subsidiary of Ocwen Financial Corporation (NYSE: OCN) and a leading non-bank mortgage servicer and originator, announced an expanded partnership with the NAACP to host more than 30 regional virtual borrower outreach events for PHH Mortgage customers who have been negatively impacted by COVID-19 and are having trouble making their mortgage payments. Virtual borrower outreach events have been held in New York, Maryland, Central Florida, Tennessee and Ohio, and the next three events will be held in Pennsylvania, Washington, D.C. and Illinois.The virtual events provide attendees with information regarding mortgage assistance options and feature speakers from a local HUD-certified counseling agency and PHH Mortgage. After the event, homeowners can schedule a virtual...

LEHI, Utah, July 23, 2020 (GLOBE NEWSWIRE) — Nature’s Sunshine Products, Inc. (Nature’s Sunshine) (NASDAQ: NATR), a leading natural health and wellness company engaged in the manufacture and sale of nutritional and personal care products, will conduct a conference call on Thursday, August 6, 2020, at 5:00 p.m. Eastern time (3:00 p.m. Mountain time) to discuss its financial results for the second quarter ended June 30, 2020. The company will report its financial results in a press release prior to the conference call.Nature’s Sunshine CEO Terrence Moorehead and CFO Joseph Baty will host the conference call, followed by a question and answer period.Date: Thursday, August 6, 2020Time: 5:00 p.m. Eastern time (3:00 p.m. Mountain time)Toll-free dial-in number: 1-866-548-4713International dial-in number: 1-323-794-2093Conference ID: 7890535Please...

HOLLAND, Mich., July 23, 2020 (GLOBE NEWSWIRE) — Macatawa Bank Corporation (NASDAQ: MCBC) today announced its results for the second quarter of 2020.Net income of $7.6 million in second quarter 2020 versus $8.0 million in second quarter 2019 – down 5%Loan charge-off of $4.1 million recorded in second quarter 2020 caused increase in provision for loan lossesProvision for loan losses of $1.0 million in second quarter 2020, up from negative $200,000 in second quarter 2019Net interest margin decreased to 2.74% in second quarter 2020 versus 3.45% in second quarter 2019 due to Fed rate decreases since then and high on-balance sheet liquidityOrigination of $336 million in Paycheck Protection Program (PPP) loans in second quarter 2020Growth in noninterest income of $756,000 (15%) driven by increased residential mortgage volumeReduction...