• Financial Management

    Attorney’s Financial Management Company Deemed Conflict of Interest

    On Oct. 6, the New York State Bar Association Committee on Professional Ethics (the Committee) issued Ethics Opinion 1231, in which it determined that an estate-planning attorney, who proposed setting up a financial management company that managed trust assets, would have a conflict of interest that would require clients’ informed consent, to be confirmed in writing, at the outset of the attorney’s representation. The Committee also determined that if the financial services provided by the management company, and the legal services provided by the estate-planning attorney, weren’t distinct from each other, the attorney would be subject to the New York  

    Comments Off on Attorney’s Financial Management Company Deemed Conflict of Interest
  • Vehicle Insurance

    Patent Issued for Accident fault determination for autonomous vehicles (USPTO 11127086): State Farm Mutual Automobile Insurance Company

    2021 OCT 13 (NewsRx) — By a News Reporter-Staff News Editor at Insurance Daily News — State Farm Mutual Automobile Insurance Company (Bloomington, Illinois, United States) has been issued patent number 11127086, according to news reporting originating out of Alexandria, Virginia, by NewsRx editors. The patent’s inventors are Christensen, Scott T. (Salem, OR, US), Farris, Scott (Bloomington, IL, US), Hayward, Gregory (Bloomington, IL, US), Konrardy, Blake (San Francisco, CA, US). This patent was filed on June 8, 2020 and was published online on September 21, 2021. 

    Comments Off on Patent Issued for Accident fault determination for autonomous vehicles (USPTO 11127086): State Farm Mutual Automobile Insurance Company
  • Business Accounting

    Baker Tilly to acquire accounting tech services company AcctTwo

    Baker Tilly, a Top 25 Firm headquartered in Chicago, plans to acquire AcctTwo, a Houston-based technology and services company that specializes in finance and accounting transformation, effective Oct. 1. By acquiring AcctTwo, Baker Tilly will become one of the leading business partners of Sage Intacct. AcctTwo has been named Partner of the Year for seven years by Sage Intaact. It is both a value-added reseller of Sage Intacct and a managed services provider for the cloud-based accounting vendor, which partners with the American Institute of CPAs. The AcctTwo team will join the growing Baker Tilly Digital practice once the deal  

    Comments Off on Baker Tilly to acquire accounting tech services company AcctTwo
  • Finance

    Stellantis buys auto-finance company to offer in-house lending

    AUBURN HILLS, Mich. — Automaker Stellantis NV, which was formed earlier this year by a merger involving Fiat Chrysler, said Wednesday it will pay $285 million for an auto-finance company to provide loans and leases to customers through its dealers. Netherlands-based Stellantis said it will pay cash to acquire F1 Holdings Corp., the parent of Houston-based auto-finance firm First Investors Financial Services Group. The deal is expected to close by year end. Stellantis CEO Carlos Tavares said owning a finance company in the U.S. will let the automaker provide customers and dealers options including loans, leases, and “floorplan” or inventory  

    Comments Off on Stellantis buys auto-finance company to offer in-house lending
  • Business News

    Space company Momentus MNTS begins trading on Nasdaq after SPAC

    An artist’s rendering of a Momentus Vigoride transfer vehicle deploying satellites in orbit. Momentus Space company Momentus debuted on the Nasdaq on Friday, completing a nearly yearlong and turbulent merger process that resulted in a new CEO and the departure of its founders. “In terms of value for investors, I think we’re well positioned to meet some big market trends,” Momentus CEO John Rood, who began leading the company on Aug. 1, told CNBC. “There is a need for what we provide.” Momentus stock slipped 2.6% in trading to close at $10.68. The company this week completed its merger with  

    Comments Off on Space company Momentus MNTS begins trading on Nasdaq after SPAC
  • Financial Analysis

    India Furniture Market Report 2021: Industry Size, Growth Trends, Opportunity Company Analysis, Financial Insights 2020-2026 – ResearchAndMarkets.com

    DUBLIN–(BUSINESS WIRE)–The “India Furniture Market, Impact of COVID-19, Industry Size, Growth Trends, Opportunity Company Analysis, Financial Insight” report has been added to ResearchAndMarkets.com’s offering. India Furniture Market was US$ 17.77 Billion in 2020 and will rise to USD 37.72 Billion by the end of the year 2026, growing at a double-digit CAGR of 13.37% during 2020-2026. India is a place for unique and excellent creative work of furniture. The Indian furniture industry is popular in the nation and internationally because of its rich handicraft and attractive traditional art and design. The Indian Furniture market has evolved over time.  

    Comments Off on India Furniture Market Report 2021: Industry Size, Growth Trends, Opportunity Company Analysis, Financial Insights 2020-2026 – ResearchAndMarkets.com
  • Business News

    Ben & Jerry’s withdraws sales from Israeli settlements but clashes with parent company Unilever

    The board of Ben & Jerry’s has clashed with its parent company, Unilever, over the handling of the withdrawal of its products from Israeli settlements. Ben & Jerry’s released a statement Monday announcing that it would stop selling its ice cream in the occupied territories. “We believe it is inconsistent with our values for Ben & Jerry’s ice cream to be sold in the Occupied Palestinian Territory,” the statement said. Withdrawing the product requires the ending of a license agreement with a local franchisee who has distributed Ben & Jerry’s in Israel since 1987. Through the franchise, the company has  

    Comments Off on Ben & Jerry’s withdraws sales from Israeli settlements but clashes with parent company Unilever
  • Home Insurance

    Home insurance company Kin released due to SPAC merger

    KB Home’s construction of a single-family home has been shown to be under construction in the Valley Center, California, USA community on June 3, 2021. Mike Break | Reuters Kin Insurance, a direct-to-consumer home insurance technology company, is Omnichannel Acquisition Corp. The company announced on Monday that it will be released through a reverse merger with. Under this agreement, Kin Insurance is worth about $ 1.03 billion. The company, which currently operates in Florida, Louisiana and California, has also announced plans for nationwide expansion after acquiring inactive insurance companies operating in more than 40 states. Kin’s technology-first approach allows customers  

    Comments Off on Home insurance company Kin released due to SPAC merger