Day: November 13, 2020

International rating agency S&P Global Ratings has affirmed Iceland’s sovereign ratings at A/A-1 with a stable outlook. The rating agency expects the pandemic to cause Iceland’s economy to contract by 7.8% in 2020 before partially recovering by 4% in 2021. Despite the significant hit to the tourism sector, S&P expects that Iceland’s current account balance will remain in surplus over the next few years. The rating agency believes that the authorities will be able to consolidate public balances after 2021 and note the successful track record of fiscal deleveraging over the past decade. Resilient external balances and low net external leverage provide further economic buffers.Iceland’s stable institutional framework and effective policymaking continue to support the rating. The volatile nature of the small and open...

DENVER, Nov. 13, 2020 (GLOBE NEWSWIRE) — DCP Midstream, LP (NYSE: DCP) announced that Wouter van Kempen, chairman, president, and chief executive officer and Sean O’Brien, group vice president and chief financial officer will conduct a series of one-on-one and small group meetings with investment community representatives at the 2020 RBC Capital Markets Midstream and Energy Infrastructure Virtual Conference on November 18, 2020. The materials used at this conference will be posted on the Investors section of DCP Midstream’s website at www.dcpmidstream.com on November 17, 2020.ABOUT DCP MIDSTREAM, LPDCP Midstream, LP (NYSE: DCP) is a Fortune 500 midstream master limited partnership headquartered in Denver, Colorado, with a diversified portfolio of gathering, processing, logistics and marketing assets. DCP is one of the largest natural...

FARGO, N.D., Nov. 13, 2020 (GLOBE NEWSWIRE) — NI Holdings, Inc. (NASDAQ: NODK) today announced the impending retirement of top executive Brian Doom, effective May 25, 2021.Doom serves as Executive Vice President, Secretary/Treasurer, and CFO of NI Holdings, Inc. and all affiliated companies (Nodak Insurance Company, American West Insurance Company, Battle Creek Mutual Insurance Company, Primero Insurance Company, Direct Auto Insurance Company, Nodak Mutual Group, Inc., Tri-State, LTD, and Nodak Agency, Inc.).He joined Nodak Insurance Company in December 2005 and helped lead the company through demutualization in 2017.“I want to congratulate Brian on his retirement from Nodak Insurance Company,” said Michael J. Alexander, President and CEO. “For the past 15 years, Brian has provided outstanding leadership in the finance area, our...

FORT WORTH, Texas, Nov. 13, 2020 (GLOBE NEWSWIRE) — Tandy Leather Factory, Inc. (Pink: TLFA) today reported certain financial result information for its third fiscal quarter, ended September 30, 2020. Sales are still preliminary but were approximately $15.8 million, a decrease of 3.1% compared to prior year’s $16.3 million. As of September 30, 2020, the Company had $0.4 million of debt and $10.1 million of cash and cash equivalents.Commenting on these preliminary results, Janet Carr, Chief Executive Officer, said, “We were pleased with our third quarter sales performance following the shutdown of our entire store fleet from COVID-19 in Q2. In the third quarter, we were able to reopen substantially all of our remaining store fleet after the permanent closure of 8 stores. Strong web sales continued in Q3, even as stores have...

MCLEAN, Va., Nov. 13, 2020 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) announces the pricing of the SB80 offering, a multifamily mortgage-backed securitization backed by small balance loans underwritten by Freddie Mac and issued by a third-party trust. The company expects to issue approximately $363 million in SB Certificates (SB80 Certificates), which are expected to settle on or about November 20, 2020. Freddie Mac Small Balance Loans generally range from $1 million to $7.5 million and are generally backed by properties with five or more units. This is the eleventh SB Certificate transaction in 2020.SB80 PricingDetails:Co-Lead Managers and Joint Bookrunners: Wells Fargo Securities, LLC and J.P. Morgan Securities LLCCo-Managers: Multi-Bank Securities, Inc., Piper Sandler & Co., Stifel, Nicolaus & Company, Incorporated...

SUGAR LAND, Texas, Nov. 13, 2020 (GLOBE NEWSWIRE) — Applied Optoelectronics, Inc. (NASDAQ: AAOI), a leading provider of fiber-optic access network products for the internet datacenter, cable broadband, telecom and fiber-to-the-home (FTTH) markets, today announced participation in the following investor conference.A live audio webcast of the presentation will be available on the investor relations section of the company’s website at investors.ao-inc.com.About Applied Optoelectronics:Applied Optoelectronics Inc. (AOI) is a leading developer and manufacturer of advanced optical products, including components, modules and equipment. AOI’s products are the building blocks for broadband fiber access networks around the world, where they are used in the internet datacenter, CATV broadband, telecom and FTTH markets. AOI supplies optical...

FLORHAM PARK, N.J., Nov. 13, 2020 (GLOBE NEWSWIRE) — Phathom Pharmaceuticals, Inc. (Nasdaq: PHAT), a late clinical-stage biopharmaceutical company focused on developing and commercializing novel treatments for gastrointestinal diseases, announced today that members of the management team will participate in a fireside chat at the Jefferies Virtual London Healthcare Conference on Wednesday, November 18, 2020 at 3:15 p.m. GMT (10:15 a.m. ET).Company management will also participate in one-on-one meetings during the virtual conference which runs from November 17-19, 2020.To access the live webcast and archived recordings for each presentation, visit the News & Events section of the Phathom website at https://investors.phathompharma.com/news-events/events-and-presentations.  Recordings will be available for 60 days following the...

MCLEAN, Va., Nov. 13, 2020 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) recently priced a new offering of Structured Pass-Through Certificates (K Certificates), which are backed by underlying collateral consisting of fixed-rate multifamily mortgages with predominantly 7-year terms. The company expects to issue approximately $1.1 billion in K-740 Certificates, which are expected to settle on or about November 20, 2020.K-740 PricingDetailsCo-Lead Managers and Joint Bookrunners: Credit Suisse Securities (USA) LLC and Wells Fargo Securities, LLCCo-Managers: BMO Capital Markets Corp., BofA Securities, Inc., J.P. Morgan Securities LLC and Multi-Bank Securities, Inc.Rating Agencies: Moody’s Investors Service, Inc. and Kroll Bond Rating Agency, LLCRelated LinksThe K-740 Preliminary Offering Circular Supplement: http://www.freddiemac.com/mbs/data/k740oc.pdfFreddie...

LEXINGTON, Mass., Nov. 13, 2020 (GLOBE NEWSWIRE) —  Agenus Inc. (NASDAQ: AGEN), an immuno-oncology company with an extensive pipeline of checkpoint antibodies, cell therapies, adjuvants, and vaccines designed to activate immune response to cancers and infections, today announced that Dr. Steven O’Day, Executive Director of the John Wayne Cancer Institute, Dr. Jennifer Buell, President and COO of Agenus, and Dr. Dhan Chand, Scientific Director Head of Drug Discovery at Agenus, will participate in a webcast hosted by Dr. Matt Phipps of William Blair on Monday, November 16, 2020 at 10:00 a.m. ET.Dr. Steven O’Day will review data of AGEN1181 from its ongoing Ph1 dose escalation trial and discuss the initial responses, particularly those in patients with microsatellite stable disease, and how to place these data in context with other...