Author: Chaz Cutler

JACKSONVILLE, Fla., August 16, 2022 /PRNewswire/ — Fidelity National Financial, Inc . (NYSE: FNF), a leading provider of title and transaction services to the real estate and mortgage industries, announced the acquisition of AllFirst Title Insurance Agency and its various regional brands. AllFirst and its portfolio brands, FirsTitle, Excel Title Group, Allegiance Title Company, Guaranty Title, Smith Brothers Abstract, Aggieland Title Company and Guaranty Title New Mexico provide title examination, title plant, abstract and settlement services for residential, commercial and agricultural estates. and sales of ranches and energy projects in 121 counties Texas, oklahoma, New Mexicoi Arkansas. “We are excited…

Abrdn and Ashmore are among the 10 shorted UK firms, with BlackRock, GLG Partners and Point72 among the investment giants betting against the two asset managers. Edinburgh-based Abrdn, which on August 9 announced a loss of £320m in the first half of the year, has seen its share price fall by around 29% since January as volatile markets weighed on revenues and profits in the asset management industry. Abrdn chief executive Stephen Bird said its first-half results reflected “the challenging global economic environment and market turbulence”. Short positions in Abrdn, which also saw assets under management fall year-on-year from £542bn…

NEW YORK–(BUSINESS THREAD)–American International Group, Inc. (NYSE: AIG) today announced that Alan Colberg, retired CEO of Assurant, Inc., and Trish Walsh, Chief Legal Officer of Stripe, Inc., will join Corebridge Financial, Inc.’s Board of Directors. (Corebridge) from 1 September 2022. “The official appointment of Alan and Trish as independent directors is another important step in the process of preparing Corebridge to be a stand-alone public company,” said Peter Zaffino, AIG’s chairman and chief executive officer and chairman of the board of Corebridge. “They each bring significant experience and industry knowledge that will benefit Corebridge and its stakeholders over the long…

Americans in some parts of the country are getting extra cash to help offset still-boiling inflation, with at least 19 states and one city offering financial relief to residents struggling with higher food, gas and rent. Although consumer prices cooled slightly in July, they still rose 8.5% last month from a year ago, close to a four-decade high and more than quadrupling the Federal Reserve’s 2% target. Here’s what mayors, governors and state lawmakers are offering to help taxpayers in their cities and states. Alaska Alaskans can expect payments of $3,200 per person to begin hitting bank accounts on Sept….

NEW YORK — Veteran CNBC chief Mark Hoffman is leaving the network after 28 years, and London executive KC Sullivan will replace him early next month, the network said Tuesday. Hoffman was named president of the financial news network in 2005 and elevated to president in 2015. “During his tenure, CNBC became a global leader and has gotten better and stronger every year,” said Cesar Conde, president of NBCUniversal News Group. Sullivan, who begins as president of CNBC on Sept. 12, is currently president and general manager of global advertising and partnerships at NBCUniversal, and is based in London. He…

BRYN MAWR, Pa.–(BUSINESS THREAD)–Essential Utilities has announced that Jim Barbato has been appointed to the new role of Vice President of Financial Planning and Analysis from his previous position as Vice President of Corporate Engineering. In his new role, Barbato will report to the CFO and assume responsibility for all financial planning and analysis functions, including overall management and execution of the multi-year budgeting and financial planning process, forecasting and informed decision making in data to help the company. achieve its strategic objectives. He will retain responsibility for the corporation’s overall capital budget. Essential CFO Dan Schuller said, “Investment in…