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AmTrust Financial Services latest news:

  • 01/17/2018 13:46:02

    MOVES-Stifel hires two financial advisers from Ameriprise Financial

    Stifel Financial Corp(SF) said on Wednesday financial advisers Tom Hankins and Jay Lauzon have joined its broker-dealer unit, Stifel, Nicolaus & Co Inc's private client group in Flint, Michigan. Hankins and Lauzon join from Ameriprise Financial Services Inc, where they were responsible for $197 million in client assets, Stifel Financial (SF) said.

  • 01/04/2018 15:39:21

    Jimmy Iovine plots Apple exit: report

    Longtime music executive Jimmy Iovine plans to leave Apple Inc. in August, according to Thursday reports. Iovine has been assisting with the launch and operation of streaming music service Apple Music since the iPhone maker acquired his previous company, headphones-maker Beats Electronics Inc. Billboard reported Thursday that Iovine will time his departure to the end of a vesting schedule for Apple shares put in place at the time of acquisition. Apple Music subscriptions were up 75% year over year in the most recently completed quarter, Chief Financial Officer Luca Maestri said in November, which has helped Apple's software and services segment become its second biggest revenue generator behind iPhone sales. Apple shares closed Thursday with a 0.5% gain at $173.03, and have increased 49.4% in the past year, as the Dow Jones Industrial Average , which includes Apple as a component, has gained 26.9%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

  • 01/02/2018 21:15:20

    US bars $1.2B Chinese acquisition of MoneyGram

    Money transfer company MoneyGram says its proposed acquisition by Chinese billionaire Jack Ma's Ant Financial Services Group has been called off after a U.S. government security panel rejected the $1.2 billion deal

  • 01/02/2018 14:43:31

    MoneyGram, Alibaba unit merger killed off

    MoneyGram International Inc. shares fell more than 8% late Tuesday after the Texas-based money transfer company and Ant Financial Services group, an affiliate of China-based Alibaba Group Holding Ltd. , said they have agreed to end their merger agreement after months of wrangling with the U.S. government. The companies couldn't obtain approval from the Committee on Foreign Investment, MoneyGram said in a statement. They plan to work together "on new strategic initiatives" around remittances and digital payments in Asian markets after the deal didn't materialize, they said. "Despite our best efforts to work cooperatively with the U.S. government, it has now become clear that CFIUS will not approve this merger. We are disappointed in the termination of this compelling transaction, which would have created significant value for our stakeholders," MoneyGram Chief Executive Alex Holmes said in the statement. Ant Financial in April upped the deal to buy MoneyGram to $18 a share, after a competitor came in with an unsolicited offer in the increasingly politicized takeover battle. The potential deal was first announced in January 2016. American depositary shares of Alibaba were flat late Tuesday, after ending the regular session up 6.5%. MoneyGram stock ended Tuesday's trading 1% higher.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

  • 01/02/2018 14:35:50

    MoneyGram, Ant Financial terminate merger agreement

    - MoneyGram International Inc (MGI) and Alibaba Group Holding Ltd's Ant Financial Services Group said on Tuesday they have agreed to terminate their amended merger agreement. MoneyGram (MGI) shares were down 8.5 percent at $12.06 in after-market trading.

  • 12/29/2017 08:15:35

    AFN’s Top 10 Tech Stories of 2017

    Fintech earned the attention of the auto industry this year, as captives and lenders aimed for partnerships and the industry as a whole noted the importance of technology in staying competitive. TD Auto Finance, Bank of America Dealer Financial Services, and Huntington Bank all expressed an interest in forming partnerships, while Toyota Financial Services and […]

  • 12/28/2017 08:00:20

    AI in Auto Finance Overtakes List of 2017’s Most-Read Mobility Stories

    It seems 2017 officially reached the mobility tipping point, where autonomous vehicles, car subscriptions, and mobility services have continually gained momentum. Artificial intelligence got its fair share of interest from the auto finance industry, as many lenders looked to machine learning to bolster credit decisioning, among other use-cases. Meanwhile, Daimler Financial Services and RCI Bank […]

  • 12/18/2017 08:20:19

    Strongbridge shares rise after report highlights price hikes on $109,500-a-year drug

    Strongbridge Biopharma shares rose 3.3% in morning trade Monday after a Washington Post report highlighted price increases taken on its drug Keveyis, bringing it to between $109,500-a-year and $219,000-a-year. Though the drug's previous owner, Sun Pharmaceutical Industries Ltd. , previously said it would give the drug away for free, Sun sold it to Strongbridge late last year and Strongbridge raised the price when it re-launched the drug in April 2017, according to the report. Because of the drug, Strongbridge revenue came to $4.1 million in the nine months ending in September 30, according to the company's most recent financial results, and net product sales came to $2.5 million in the third quarter, which the company said was a 67% revenue growth increase over the previous quarter. Strongbridge said it also plans to invest further in the drug, including expanding its sales force and launching a generic testing program. The company declined to explain why it had increased the price to the Washington Post, saying that Keveyis -- which is approved for a condition called periodic paralysis -- affected very few people and could benefit them, the report said. Patients are concerned about the increasing price even as they are glad the drug is available in the U.S. and as they, in many cases, benefit from various services offered by the company, according to the report. Strongbridge shares have dropped 12% over the last three months, compared with a 7.6% rise in the S&P 500 and a 10.4% rise in the Dow Jones Industrial Average . Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

  • 12/14/2017 10:47:56

    BRIEF-Disney Says Will Pay 21CF $2.5 bln If Failed to Obtain Regulatory Approvals


  • 12/06/2017 00:09:21

    China's HNA Group to sell overseas property, dispose non-core assets - 21st Century Business Herald

    HNA Group Co Ltd's Chief Executive Officer Adam Tan said the aviation-to-financial services conglomerate is negotiating to sell overseas real estate as part of a strategic streamlining, according to an interview published by 21st Century Business Herald. HNA also is looking to set-up investment funds to help sell the properties in New York, Sydney and Hong Kong to outside investors, Tan said.

  • 11/30/2017 14:25:41

    Nutanix shares wobbly as results, outlook top Street view; software pivot confirmed

    Nutanix Inc. shares wobbled in the extended session Thursday even after the hyperconvergence company reported results and an outlook that topped Wall Street estimates and confirmed plans to pivot toward a software-based model. Nutanix shares, which had dropped as much as 6% after the earnings release, last rose 1.2% to $33.20 after hours. "While we will be focusing even more intently on selling software going forward, it's worth noting what the past twelve months would have looked like had we chosen not to bill any pass-through hardware-related transactions," said Duston Williams, Nutanix chief financial officer, in a statement. Williams said the company would have delivered gross margins north of 80% if it relied on software-only sales. The company reported a fiscal first-quarter loss of $61.5 million, or 39 cents a share, compared with a loss of $140.3 million, or $1.89 a share, in the year-ago period. The company reported an adjusted loss of 16 cents a share. Revenue rose to $275.6 million from $188.6 million in the year-ago period. Analysts surveyed by FactSet had estimated a loss of 26 cents a share on revenue of $266.9 million. Nutanix reported product revenue of $219.1 million, support and services revenue of $56.5 million, and billings of $315.3 million. Analysts had expected product revenue of $206.4 million, support and services revenue of $57.4 million, and a "new orders value" of $307 million, according to FactSet. For the second quarter, Nutanix estimates an adjusted loss of 22 cents to 20 cents a share on revenue of $280 million and $285 million. Analysts expect a loss of 25 cents a share on revenue of $282 million.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

  • 11/29/2017 18:01:46

    PRESS DIGEST- Financial Times - Nov 30

    The following are the top stories in the Financial Times. Headlines. Rolet quits as London Stock Exchange (LDNXF) chief after power struggle Uber losses mount amid tough global competition Australia to launch inquiry into banking and financial services sector Overview.

  • 11/22/2017 15:31:28

    BRIEF-Pennymac financial says co through two of its controlled subsidiaries entered into a master repurchase agreement​

    Pennymac Financial Services Inc(PFSI). * Pennymac Financial Services Inc(PFSI) - ‍On November 17, co through two of its controlled subsidiaries entered into a master repurchase agreement​. * Pennymac Financial Services (PFSI) says ‍repurchase agreement in an aggregate principal amount of up to $200 million, of which $100 million is committed - SEC Filing​. * Pennymac Financial Services Inc (PFSI) - ‍Repurchase...

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