• Business Analysts

    Analysts question American Tower’s $10B CoreSite deal

    American Tower on Monday expanded its edge efforts in announcing a $10.1 billion deal to purchase CoreSite including cloud on-ramps, interconnections and 25 data centers in eight U.S. markets – but some analysts are questioning if it’s the right move. American Tower envisions a hub-and-spoke model as the edge evolves, where its existing tower sites can serve as locations for edge data facilities, connected back to core data centers in major metros, as well as metro data locations in Tier 2 and 3 markets. The evolution of the edge is tied to ongoing shifts of workloads to the cloud and  

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  • Business News

    American Airlines cancels more than 600 flights on Sunday

    The airline has now canceled more than 1,500 flights since Friday, as it deals with weather issues and staffing shortages that started last week. “With additional weather throughout the system, our staffing begins to run tight as crew members end up out of their regular flight sequences,” American said in a statement to CNN on Saturday. Two days of severe winds in Dallas-Fort Worth, its largest hub, sharply reduced arrival capacity, the company said. The airline canceled 543 flights Saturday according to flight tracking website FlightAware. American reported 4,967 flights had been scheduled on Saturday. On Friday, FlightAware showed 738  

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  • Financial Management

    American Express slides back into the financial planning game 16 years after it sold off Ameriprise; expect success, experts say

    AmEx is doing a U-turn to get back into financial planning now that competitors VISA and Mastercard are expressing an interest in the business. American Express is marketing financial planning, again, 16 years after spinning off its 10,700-advisor planning mega-unit to concentrate on high-end credit cards.  In July, the New York City giant offered robo-advisor “My Financial Plan” to 25,000 card users. AmEx’s old planning unit, then known as American Express Financial Advisors, was the envy of Wall Street, says Tim Welsh, president of Nexus Strategy. Tim Welsh:’When I was at Merrill Lynch, we copied their planning approach.’ 

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  • Loans With Collateral

    American Riviera Bank Reports Strong Core Loan Growth

    SANTA BARBARA, Calif.–(BUSINESS WIRE)–American Riviera Bank (OTCQX: ARBV) announced today unaudited net income of $6,132,000 ($1.19 per share) for the six months ended June 30, 2021. This represents a 124% increase in net income from the $2,736,000 ($0.54 per share) earned in the same reporting period in the prior year. In 2021, the Bank has achieved an annualized return on average assets of 1.20% and return on average equity of 14.26%. Unaudited net income was $3,572,000 ($0.70 per share) for the second quarter ended June 30, 2021, compared to the $1,565,000 ($0.31 per share) earned in the same  

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  • Insurance

    USAA Insurance says it’s pro-veteran, but here are stories of its treatment of our American heroes

    When Duston Hamilton sees a USAA Insurance commercial on television, the former marine says he gets disgusted. He’s a general contractor who helps hailstorm victims repair their homes. “The TV ads are very misleading,” he says of the San Antonio-based insurance giant that caters to retired and active members of the military. “They’re using this commercial to say it’s an honor and a privilege that we can provide you with an insurance company,” he says. “But they’re not paying people what they are owed. It angers me that someone would take advantage of our heroes and their families.” Mike Martin,  

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  • Health Insurance

    Austin Group Health Insurance Regards American Rescue Plan

    Austin, United States , June 05, 2021 (GLOBE NEWSWIRE) — Group health insurance in Austin has seen a significant increase in signups since the current administration enacted its pandemic relief legislation a few months ago. More and more Americans are getting the affordable healthcare they need, but federal experts are still up in arms as they worry about lack of accountability over an initiative they say will ultimately cost taxpayers nearly $45 billion when the dust settles. For more information go to:https://insurance4dallas.com/austin-small-business-group-health-insurance/ Biden’s $1.8 trillion American Rescue Plan temporarily expanded tax subsidies for insurance plans to help people hurt financially  

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  • Business Management

    Erin C. Berry joins American Capital Management as Head of Business Development

    NEW YORK, May 18, 2021 /PRNewswire/ — American Capital Management, Inc. (ACM) is pleased to announce that Erin C. Berry has joined the firm as Head of Business Development. In this newly created role, Ms. Berry will lead the company’s business development, consultant relations and relationship management efforts, providing strategic direction for both institutional and intermediary markets across all regions. Ms. Berry has been a leader in the investment industry for more than 20 years, bringing extensive experience in sales, relationship management, consultant relations, marketing and product development. “We are delighted to have Erin join our team. Erin’s extensive  

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  • Business News

    American Express GBT Agrees to Buy Egencia

    American Express Global Business Travel has made a binding offer to acquire Egencia, Expedia Group’s corporate travel arm. Should the deal go through, it would bring the corporate division of Expedia Group—the entire entity is ranked No. 1 on Travel Weekly’s 2020 Power List—together with No. 3 positioned Amex GBT, currently the largest corporate travel agency in Travel Weekly’s rankings. Amex GBT, which serves more Corporate Travel 100 accounts than any other travel management company, has long been keen to bring more small and midsize enterprise accounts into the fold. Merging with Egencia, which has excelled in the SME market  

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