Month: August 2018

Mergers & Acquisitions

GTCR and Mega Broadband Investments Announce Acquisition of Northland Communications

August 29, 2018 0

GTCR and Mega Broadband Investments Announce Acquisition of Northland Communications Leaders Strategy Investment to Support Growth of Rural Broadband Provider PR Newswire CHICAGO, Aug. 29, 2018 CHICAGO , Aug. 29, 2018 /PRNewswire/ — GTCR, a leading private equity firm, announced today that it has signed a definitive agreement to acquire Northland Communications (“Northland”) through GTCR’s portfolio company Mega Broadband Investments LLC (“MBI”), a partnership with CEO Phil Spencer . […]

Stock Analysts

Wells Fargo Undertakes More Jobs Cuts in Mortgage Operations

August 29, 2018 0

Wells Fargo & Company WFC has laid off another 42 employees who worked in Frederick, MD as its mortgage business continues to witness a slowdown. The news was reported by Baltimore Business Journal. On the matter, spokeswoman Christina Carmichael said, "As part of an overall reorganization of our distributed sales as well as our servicing and fulfillment teams, we are reducing 42 team members to better align with origination and servicing volume in the current environment." She also noted that Wells Fargo does not plan to make another round of layoffs in Maryland […]

Stock Analysts

Can Airline Stocks Stage a Comeback in 2018? (Revised)

August 29, 2018 0

The airline sector had a rough beginning this year, with the Dow Jones Transportation Average witnessing a significant decline during the first six months. However, recent figures tell a different story as both the Dow Jones Transportation Average and NYSE Arca Airline Index registered significant gains in the last few months. A high level of domestic fares and low industrial capacity are expected to boost the airline sector […]