Weekly Recap: 12 Finance Press Releases You Might Have Missed

A roundup of the most newsworthy financial press releases from PR Newswire this week, including Will Ferrell's campaign for PayPal and Northwestern Mutual's new finance-focused podcast.

NEW YORK, Sept. 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 finance journalists and consumers stay on top of the week's most newsworthy and popular releases, here's a recap of some major 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 the press release headlines to access accompanying multimedia assets that are available for download.

1. MOHELA Set Record in Processing Public Service Loan Forgiveness
   "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 of customer service to the borrowers that 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 that Say They Could Be Missing Something Important When it Comes to Their Financial Plan
   The podcast, "A Better Way to Money™," is part of the company's larger marketing campaign debuting under the same name and focuses on real, relatable topics from negotiating a new job, estate planning, side hustles and gig economy, financial intimacy and more. 
3. tZERO Receives Landmark Approval To Custody Digital Securities and Support End-to-End Digital Securities Lifecycle in the United States
   The SEC and FINRA approval caps off a multi-year effort to provide end-to-end support for digital asset securities from trading to settlement; revolutionizes innovative digital infrastructure and blockchain technology through a new and unique tZERO special purpose broker-dealer subsidiary approved for digital asset custody in compliant securities environment approved by the U.S. regulators.
4. SiriusXM Kicks off New Phase as an Independent Public Company
   "We look forward to building upon SiriusXM's twenty-year history as the audio platform of choice for millions of North Americans in their vehicles, 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 the production of sustainable aviation fuels to meet the growing demand from corporate customers while generating attractive risk-adjusted returns for Brookfield," said Jehangir Vevaina, Managing Partner at Brookfield.
6. Will Ferrell Goes Shopping 'Everywhere' in PayPal's Biggest US Campaign Ever
   PayPal announced its biggest U.S. 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) Increased in August
   When the Index increases, employment is likely to grow as well, and vice versa. Turning points in the Index indicate that a change in the trend of job gains or losses is about to occur in the coming months.
8. IBM to Acquire Accelalpha, Leading Oracle Consultancy
   IBM announced its intent 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 close, Accelalpha will join IBM Consulting, bringing over a large global team of skilled 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 debit transactions increase in popularity, the burden is magnified. We realized that by using AI within the Adyen platform, we could dynamically route transactions in real time and automatically select the best payment path 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 Merger Agreement To Increase Offer Price To $46.50 Per Share In Cash
    Under the terms of the amended agreement, Squarespace stockholders will receive $46.50 per share in cash and an aggregate transaction value of approximately $7.2 billion. Stockholders will receive an increase of $2.50 per share over the previously announced transaction.
11. The Huntington National Bank to expand banking franchise in North Carolina and South Carolina
    This expansion will bring Huntington's expertise and extensive suite 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 several key deductions for taxpayers will see notable year-over-year increases, with the foreign earned income exclusion increasing from $126,500 to $130,000, and the annual exclusion for gifts increasing from $18,000 to $19,000, thereby allowing taxpayers to increase their gifts without tax implications.

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

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