Weekly Recap: 12 Financial Press Releases You May Have Missed

A compilation of the most useful financial newspapers from PR Newswire this week, including to Will Ferrell campaign for PayPal and Northwestern Mutual’s new finance-focused podcast.

NEW YORK, September 13, 2024 /PRNewswire/ — With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help journalists and financial consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some key stories from the week that shouldn’t be missed.

The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on press release headlines to access accompanying multimedia assets available for download.

1. MOHELA Sets Record in Public Service Loan Forgiveness Processing
   “No servicer in the history of the Public Service Loan Forgiveness (PSLF) program has processed the forgiveness of more loans held by teachers and other public servants than MOHELA. We are committed to providing the highest quality service to customer to the borrowers we serve,” the company said in a statement.
2. Northwestern Mutual Launches Podcast To Provide Real, Expert Financial Advice to Guide the 75% of Americans Who Say They May Be Missing Something Important When It Comes to Their Financial Planning
   The podcast, “A Better Way to Money™,” is part of a larger company marketing campaign debuting under the same name and focusing on real, relatable topics from negotiating a new job, estate planning, side hustles and the gig economy, financial intimacy and more.
3. tZERO Receives Landmark Approval To Custody Digital Securities and End-to-End Digital Securities Lifecycle Support in the United States
   The SEC and FINRA approval caps a multi-year effort to provide end-to-end support for digital asset securities from trading to settlement; transforms the state-of-the-art digital infrastructure and blockchain technology through a new and unique tZERO special purpose broker-dealer subsidiary approved for digital asset custody in a compliant securities environment approved by US regulators.
4. SiriusXM Begins New Phase as an Independent Public Company
   “We look forward to building on SiriusXM’s twenty-year history as the audio platform of choice for millions of North Americans in their cars, at home, and on the go, with the goal of creating long-term value for our stockholders,” said Jennifer Witz, Chief Executive Officer of SiriusXM.
5. Brookfield to invest Up to $1.1 Billion in Infinium to Scale Ultra-Low Carbon eFuels
   “Our investment is structured to provide the capital Infinium needs to accelerate production of sustainable aviation fuels to meet growing demand from corporate customers while generating attractive risk-adjusted returns for Brookfield,” said Jehangir Vevaina, Managing Partner at Brookfield.
6. Ferrell Goes Shopping ‘Anywhere’ in PayPal’s Biggest US Campaign Ever
   PayPal announced its largest US ad campaign ever, starring Will Ferrell and a reimagined version of Fleetwood Mac’s “Everywhere” to show consumers how easy, safe and rewarding it is to shop with PayPal and the PayPal Debit Mastercard in stores and online.
7. The Conference Board Employment Trends Index™ (ETI) rose in August
   When the Index increases, employment tends to increase as well, and vice versa. Turn points in the Index indicate that a change in the trend of job gains or losses is imminent in the coming months.
8. IBM to Acquire Accelalpha, Leading Oracle Consultancy
   IBM announced its intention to acquire Accelalpha, a global Oracle services provider with deep expertise helping clients digitize core business operations and accelerate adoption of Oracle Cloud Applications. Upon completion, Accelalpha will join IBM Consulting, bringing a large global team of experienced consultants to help clients modernize with Oracle Cloud Applications.
9. Adyen’s Intelligent Payment Routing Achieves 26% Cost Savings and Improves Payment Performance on US Debit Transactions
   “As the popularity of debit transactions increases, the burden is magnified. We realized that by using AI within the Adyen platform, we can dynamically route transactions in real time and automatically select the best method of payment based on transaction fees and authorization rates,” said Trevor Nies, Adyen’s Senior Vice President and Global Head of Digital.
10. Squarespace And Permira Amend Integration Agreement To Increase Price Offer To $46.50 Per Share In Cash
    Under the terms of the revised agreement, Squarespace stockholders will receive $46.50 per share in cash and an aggregate transaction value of approx $7.2 billion. Stockholders will receive an increase of $2.50 per share in the previously announced transaction.
11. Huntington National Bank to expand banking franchise to North Carolina and South Carolina
    This expansion will bring to Huntington expertise and broad range of products and capabilities across personal, wealth, business, and commercial banking to customers throughout the region.
12. Bloomberg Tax Predicts More Moderate Inflation Rates for 2025
    This year’s report projects that some key deductions for taxpayers will see significant increases year over year, with the foreign earned income exclusion rising from $126,500 to $130,000, and the annual exclusion for gifts increases from $18,000 to $19,000, thereby allowing taxpayers to increase their gifts without tax implications.

For more news like this, check out all the latest finance-related releases from PR Newswire.

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