Arkansas Governor Hutchinson Offers Condolences in Death of Stone County Deputy, Mike Stephen

Arkansas Governor Hutchinson Offers Condolences in Death of  Stone County Deputy, Mike Stephen

LITTLE ROCK, AR (STL.News) – Arkansas Governor Asa Hutchinson issued the following statement on the death of Stone County Sheriff’s Deputy Mike Stephen, who was killed in the line of duty Thursday morning:

“It was heartbreaking to hear that Stone County Sheriff’s Deputy Mike Stephen was killed in the line of duty today. Deputy Stephen’s death is a somber reminder that our law-enforcement officers risk their lives every day to protect ours. I am grateful for the men and women who willingly put their safety on the line every time they put on the uniform.

Continue reading Arkansas Governor Hutchinson Offers Condolences in Death of Stone County Deputy, Mike Stephen at STL.News.

SEC Charges Portfolio Manager, Swapnil Rege, with Mispricing Fund Investments

SEC Charges Portfolio Manager, Swapnil Rege, with Mispricing Fund Investments

Washington DC (STL.News) – The Securities and Exchange Commission today announced settled administrative proceedings against Swapnil Rege, a North Brunswick, New Jersey portfolio manager and trader, for mispricing private fund investments, resulting in a large personal bonus.

According to the SEC’s order, from June 2016 to April 2017, while employed by the fund’s adviser, Rege manipulated the inputs he used to value interest rate swaps and swap options to create the false impression that his investments for the fund were profitable. 

Continue reading SEC Charges Portfolio Manager, Swapnil Rege, with Mispricing Fund Investments at STL.News.

Business News: WEC Energy Group declares quarterly dividend

Business News: WEC Energy Group declares quarterly dividend

MILWAUKEE, WI (STL.News) – The board of directors of WEC Energy Group (NYSE: WEC) today declared a quarterly cash dividend of 59 cents per share on the company’s common stock.

The dividend is payable Sept. 1, 2019, to stockholders of record on Aug. 14, 2019. This marks the 308th consecutive quarter – dating back to 1942 – that the company will have paid a dividend to its stockholders.

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Business News: Ascenty Opens Four New Data Centers in Brazil

Business News: Ascenty Opens Four New Data Centers in Brazil

SÃO PAULO (STL.News) – Digital Realty (NYSE: DLR), a leading global provider of data center, colocation and interconnection solutions, and Ascenty, the leading provider of data center services in Latin America and a Digital Realty and Brookfield Infrastructure joint venture company, announced today the opening of four new fully-leased data centers in the greater São Paulo metropolitan area.  The new facilities, located in Jundiai, Hortolandia and Paulinia, add approximately 24 megawatts of capacity and are all interconnected on the Ascenty fiber network.

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Business News: BB&T reports record earnings of $842 million, or $1.09 per diluted share

Business News: BB&T reports record earnings of $842 million, or $1.09 per diluted share

WINSTON-SALEM, NC (STL.News) – BB&T Corporation (NYSE: BBT) today reported record earnings for the second quarter of 2019.  Net income available to common shareholders was $842 million, up 8.6 percent, compared with the second quarter last year.  Earnings per diluted common share were $1.09 for the second quarter of 2019, an increase of 10.1 percent compared with the same period last year.  Results for the second quarter produced an annualized return on average assets of 1.55 percent and an annualized return on average common shareholders’ equity of 11.98 percent.

Continue reading Business News: BB&T reports record earnings of $842 million, or $1.09 per diluted share at STL.News.

Louisiana News: President Trump Approves Request to Expand Federal Emergency Disaster Declaration

Louisiana News: President Trump Approves Request to Expand Federal Emergency Disaster Declaration

Baton Rouge, LA (STL.News) – Wednesday, Louisiana Governor John Bel Edwards’ request that the federal emergency disaster declaration be expanded to include six additional parishes was approved by President Donald J.Trump.  The parishes that have been added include: Allen, Beauregard, Catahoula, Concordia, Evangeline and Vernon.

“I’m very thankful to the Trump administration for approving this request so quickly,” said Gov. Edwards.  “It means that the affected parishes will be able to receive federal assistance as the amount of the damage is determined and our citizens work to recover. 

Continue reading Louisiana News: President Trump Approves Request to Expand Federal Emergency Disaster Declaration at STL.News.

Kentucky News: CBD Oil Extraction and Distillation Operation to Locate in Danville

Kentucky News: CBD Oil Extraction and Distillation Operation to Locate in Danville

International Farmaceutical Extracts plans to create up to 34 jobs

FRANKFORT, KY (STL.News) – Kentucky Governor Matt Bevin Tuesday congratulated International Farmaceutical Extracts LLC (IFE), which specializes in CBD oil extraction and distillation, on its plans for a $6 million-plus manufacturing plant in Boyle County that would create up to 34 full-time jobs over a 10-year period.

“The hemp industry is flourishing in Kentucky, and we are excited by the announcement of the International Farmaceutical Extracts facility in Danville,” Gov.

Continue reading Kentucky News: CBD Oil Extraction and Distillation Operation to Locate in Danville at STL.News.

Arizona News: Ensuring #Deadbeat Parents Pay Their Due

Arizona News: Ensuring #Deadbeat Parents Pay Their Due

Phoenix, AZ (STL.News) – Arizona Governor Doug Ducey launched the Deadbeat Parent Initiative in 2016 to hold child support evaders accountable.  The program seeks to find parents skipping out on child support by highlighting their names, photos and child support owed online and on social media with the hashtag #deadbeat.

In his 2016 State of the State, Governor Ducey noted:

“It’s simple.  If you’re old enough to father a child, then you’re old enough to accept financial responsibility for that child. 

Continue reading Arizona News: Ensuring #Deadbeat Parents Pay Their Due at STL.News.

Business: Great Southern Bancorp, Inc. Reports Preliminary Second Quarter Earnings of $1.28 Per Diluted Common Share

Business: Great Southern Bancorp, Inc. Reports Preliminary Second Quarter Earnings of $1.28 Per Diluted Common Share

SPRINGFIELD, MO (STL.News) – Great Southern Bancorp, Inc. (NASDAQ:GSBC), the holding company for Great Southern Bank, Wednesday reported that preliminary earnings for the three months ended June 30, 2019, were $1.28 per diluted common share ($18.4 million available to common shareholders) compared to $0.97 per diluted common share ($13.8 million available to common shareholders) for the three months ended June 30, 2018.

Preliminary earnings for the six months ended June 30, 2019, were $2.52 per diluted common share ($36.0 million available to common shareholders) compared to $1.91 per diluted common share ($27.3 million available to common shareholders) for the six months ended June 30, 2018.

Continue reading Business: Great Southern Bancorp, Inc. Reports Preliminary Second Quarter Earnings of $1.28 Per Diluted Common Share at STL.News.

Texas News: Federal Disaster Declaration Granted Following Severe Weather In The Rio Grande Valley

Texas News: Federal Disaster Declaration Granted Following Severe Weather In The Rio Grande Valley

AUSTIN, TX (STL.News) – On July 10th, Governor Abbott sent a letter to President Trump requesting a Presidential Disaster Declaration for three counties in the Rio Grande Valley that sustained severe weather and flooding causing widespread damage.  Wednesday, the President granted Governor Abbott’s request that will provide Individual Assistance for those in Cameron, Hidalgo and Willacy counties.

“I am grateful to the President and FEMA for granting Texas’ request for assistance following severe storms and flooding in the Valley,” said Governor Abbott. 

Continue reading Texas News: Federal Disaster Declaration Granted Following Severe Weather In The Rio Grande Valley at STL.News.