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Enstar Group Limited (ESGR), through its subsidiary Cavello Bay Reinsurance, will end its involvement in Enhanzed Re, a joint venture with Allianz. It is eliminating all catastrophe exposure. Enstar noted that it is transferring its share in the joint venture to Allianz. Cavello Bay and Allianz...

GI Alliance said its physician owners, which now own approximately 70% of the company, have agreed to repurchase the minority equity stake held by Waud Capital Partners. The deal values GI Alliance at $2.2 billion and is being led by funds managed by affiliates of Apollo (APO), within its Hybrid Value...

CBAK Energy Technology, Inc. (CBAT) said its subsidiary, Nanjing CBAK, has entered into a strategic partnership agreement with Welson Power, a China-based new energy company. Nanjing CBAK will supply its Model 32140 batteries to Welson Power which will sell the products to overseas market, mainly India,...

Wayfair Inc. (W) Friday announced a job cut of approximately 870 employees as part of realignments. The company said the reduction represents approximately 5 percent of the global workforce and approximately 10 percent of its corporate team. As part of substantial reductions in its third-party labor...

Catalyst Biosciences, Inc. (CBIO) announced that JDS1, LLC, one of its stockholders, has dismissed lawsuits against the company. JDS1 and certain of its affiliates have also agreed to a customary standstill and voting commitment, and the parties have entered into mutual releases. The company has agreed...

Old Republic International Corporation (ORI) announced its Board of Directors has declared a regular quarterly cash dividend on its common stock of 23 cents per common share. This dividend is payable on September 15, 2022 to shareholders of record on September 1, 2022. The full year's cash dividend is...

KVH Industries, Inc. (KVHI) said its Board has adopted a limited duration stockholder rights plan. Pursuant to the plan, KVH declared a dividend distribution of one preferred stock purchase right for each outstanding share of the common stock to stockholders of record as of the close of business on...

Biotechnology company Acorda Therapeutics, Inc. (ACOR) announced Friday that Lauren Sabella, Chief Operating Officer, will resign from the Company effective September 30, 2022. She will be working in a strategic advisory role for early-stage biotechnology companies. Sabella's responsibilities will...

Palatin Technologies, Inc. (PTN) said it plans to effect a 1-for-25 reverse split of its issued and outstanding common stock, effective August 30, 2022. The company's common stock is expected to begin trading on a split-adjusted basis on August 31, 2022. The reverse stock split will reduce the number...

Jacobs (J) said it intends to adopt a new holding company structure on Aug. 29, 2022. The new parent company, Jacobs Solutions Inc., will begin trading on August 29. Jacobs Solutions Inc. will replace Jacobs Engineering Group Inc. as the public company listed on the NYSE and Jacobs Solutions Inc.'s common...

Axsome Therapeutics, Inc. (AXSM) announced the FDA has approved AUVELITY extended-release tablets for the treatment of major depressive disorder in adults. The company noted that AUVELITY is the first and only rapid-acting oral medicine approved for the treatment of major depressive disorder with labeling...

Denim retailer Buckle, Inc. (BKE) reported Friday that second-quarter net income was $50.1 million or $1.01 per share, down from last year's $51.4 million, or $1.04 per share. Net sales for the 13-week quarter increased 2.3 percent to $302.0 million from net sales of $295.1 million in the prior year. Comparable...

Specialty athletic retailer Foot Locker, Inc. (FL) announced Friday that, as part of a planned succession process, Richard Johnson will retire as President and Chief Executive Officer, effective September 1, 2022. Mary Dillon, former Executive Chair and CEO of Ulta Beauty, Inc., has been appointed...

Agricultural machinery and equipment maker Deere & Co. (DE) reported Friday that its third-quarter net income grew 13 percent to $1.884 billion or $6.16 per share from last year's $1.667 billion, or $5.32 per share. On average, analysts polled by Thomson Reuters expected earnings of $6.69 per share...

Chinese online discount retailer Vipshop Holdings Ltd. (VIPS) reported Friday that its second-quarter net income attributable to shareholders increased 17.4 percent to RMB1.3 billion or $191.5 million from RMB1.1 billion in the prior year period. Earnings per ADS increased to RMB1.97 or $0.29 from...

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