Deedra Mcgillivray

BXS Insurance Named to National “Best Places to Work in Insurance” List for the Second Consecutive Year

BATON ROUGE, La., Sept. 8, 2020 /PRNewswire/ — BXS Insurance, Inc., a subsidiary of BancorpSouth Bank (NYSE: BXS), has been named one of the “Best Places to Work in Insurance” by Business Insurance magazine for the second consecutive year. This national award recognizes employers’ efforts to establish a workplace where employees can enjoy their day-to-day work, reach their career potential and contribute to their organization’s success.

“Our employees have displayed tremendous adaptability and resilience this year,” said Markham McKnight, president and CEO of BXS Insurance. “We have leaders at every position who have ensured our viability and that we are making strides together. This honor from Business Insurance validates our efforts of continuing to make BXS Insurance a welcoming, inclusive and fulfilling work environment.”

Best Places to Work in Insurance is an annual feature presented by Business Insurance and Best Companies Group that lists the agents, brokers, insurance

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Michigan inks $35M deal with Valero subsidiary to clean up gas stations

LANSING, MI — Michigan regulators have signed a $35.2 million settlement with a subsidiary of Valero Energy Corp. to pay for toxic site cleanup at dozens of gas stations where leaking underground storage tanks were discovered.

The Michigan Department of Environment, Great Lakes and Energy (EGLE) and Attorney General Dana Nessel’s office announced the consent agreement on Thursday, Sept. 3.

The settlement pays for cleanup at 79 gas stations in 28 counties in the Lower Peninsula formerly owned by the Premcor Refining Group, which is owned by Valero Energy. Most of the sites are current or former Clark stations where the initial pollution was released more than 20 years ago.

Premcor previously owned the properties before transferring them to a company that later went insolvent, according to EGLE. The state will receive payments over the next year.

About $1.2 million will reimburse the state for past taxpayer-funded cleanup work

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Amazon To Add 10,000 Jobs In Seattle Suburb

Amazon plans to add 10,000 permanent jobs to a suburb of the west coast US city of Seattle in the coming years in the growing tech behemoth’s latest expansion near its headquarters, the company said Friday.

The jobs will be based in Bellevue, 10 miles (16 kilometers) east of Seattle, an Amazon spokesman said. The company did not specify how many of the jobs were entirely new to the US, but told AFP the figure included “a combination of new roles and teams from Seattle.”

The move comes as upheaval from the coronavirus accelerates growth at Amazon, which recently reported a 40 percent rise in quarterly revenues to nearly $89 billion.

The jobs are on top of 15,000 new Bellevue positions announced in February.

The latest jobs are on top of 15,000 new Bellevue positions Amazon announced in February The latest jobs are on top of 15,000 new Bellevue positions Amazon announced in February Photo: GETTY IMAGES NORTH AMERICA / David Ryder

Amazon has leased

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Howard County announces new directors of public works, finance departments

Howard County Executive Calvin Ball on Friday announced the appointments of new directors of the public works and finance departments.



a man wearing a suit and tie: Rafiu Ighile, left, will take over as Howard County's new director of finance, while Tom Meunier is the county's new director of public works.


© Photo courtesy of Howard County government/The Baltimore Sun/TNS
Rafiu Ighile, left, will take over as Howard County’s new director of finance, while Tom Meunier is the county’s new director of public works.

Tom Meunier, who is the new director of public works, started Monday, while Rafiu Ighile will take over as the director of finance beginning Sept. 7.

The two are replacing Jim and Janet Irvin who retired in June. Jim Irvin had served as the director of public works since 1989 and had worked for Howard County since 1975. Janet Irvin’s 30-plus years of public service included 20 years with Howard County government and the Howard County Public School System; she had served as the director of finance since January 2018.

Meunier, who has served as acting

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The US has lost jobs since Trump took office, but so have many other countries

The Labor Department reported that the U.S. added 1.37 million new jobs in August, while the unemployment rate dropped below 10% for the first time since the pandemic took hold.

“This is a very deep scar to the labor market” noted Gregory Daco, chief U.S. economist at Oxford Economics, “one that will take years to recover, not months.” The U.S. still has a total net loss of 11.5 million jobs since March.

Democrats have been broadening the argument even further by repeatedly noting that not only are jobs down since the February, they’re also down since President Trump took office in 2017. The Center for American Progress, a left-leaning group, responded to the latest employment report by claiming that even after Friday’s good news, Trump is “still the worst jobs president in recorded history.”

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New Mountain Finance Corporation Announces Transfer of Listing from the New York Stock Exchange to the NASDAQ Global Select Market

New Mountain Finance Corporation (NYSE: NMFC) (the “Company”, “we”, “us” or “our”) today announced that it has completed the application process and has been authorized to transfer the listing of its shares of common stock, par value $0.01 per share (the “Common Stock”), and its 5.75% Notes due 2023 (the “Notes”) from the New York Stock Exchange (the “NYSE”) to the NASDAQ Global Selected Market (the “NASDAQ”). The Company expects the Common Stock and the Notes to begin trading on the NASDAQ under the ticker symbols “NMFC” and “NMFCL”, respectively, on September 14, 2020. Until that time, the Common Stock and the Notes will continue to trade on the NYSE.

“We are excited by our future partnership with Nasdaq. Their trading platform, on which many other business development companies are listed, offers NMFC a more cost-effective listing option and is aligned with our goals to enhance operating efficiencies and shareholder

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Drones help insurance companies check damage in Cedar Rapids

CEDAR RAPIDS, Iowa (AP) — Insurance adjusters who descended on Cedar Rapids after the Aug. 10 derecho storm are using drones to check roofs and asking homeowners with less severe damage to take their own photos.

Some of this is due to the COVID-19 pandemic, which has reduced the number of experienced adjusters willing to travel. But the changes also help speed up claims and get repairs done sooner, company representatives said.


“Drones or aerial imaging helps them estimate the claims,” said Scott Hauptman, vice president for claims for Grange Insurance, of Columbus, Ohio, which is working with Integrity Insurance, of Appleton, Wis., to handle at least 500 storm-related claims in Cedar Rapids. “It’s as efficient as possible and helps them (adjusters) safeguard their health.”



Cedar Rapids officials told The Gazette on Wednesday that 140 buildings are too damaged to be occupied. Several hundred more have non-structural or cosmetic damage.

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US Added 1.4 Million Jobs In August, While Unemployment Rate Fell To 8.4%

KEY POINTS

  • The jobless rates declined in the month for adult men (to 8%), adult women (8.4%), teenagers (16.1%).
  • The number of Americans on temporary layoff decreased by 3.1 million to 6.2 million in August
  • But the number of permanent job losers increased by 534,000 to 3.4 million in August

The U.S. economy added 1.4 million jobs in August, while the jobless rate dropped to 8.4% from 10.2% in the prior month, the U.S. Bureau of Labor Statistics reported Friday.

The number of unemployed people dropped by 2.8 million to 13.6 million, the fourth straight month of such declines.

Within segments of the workforce, the jobless rates declined in the month for adult men (to 8%), adult women (8.4%), teenagers (16.1%), Whites (7.3%), Blacks (13%), and Hispanics (10.5%). The jobless rate for Asians (10.7%) remained unchanged from July.

The number of Americans on temporary layoff decreased by 3.1 million to

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Thailand’s Finance Minister Resigns Less Than Month Into Job

(Bloomberg) — Thailand’s finance minister resigned less than a month after he took office, injecting more uncertainty into an economy already reeling from its worst crisis in decades. The nation’s currency tumbled the most since July.

The resignation of Predee Daochai, a former co-president of Kasikornbank Pcl, will be effective from Wednesday, according to a Royal Gazette announcement Tuesday. Predee, 61, was named as the new finance minister on Aug. 6 and joined Prime Minister Prayuth Chan-Ocha’s Cabinet on Aug. 12.

Predee resigned because of ill health, Prayuth said, adding the minister’s resignation won’t derail government policies. A new finance minister will be appointed at the “appropriate time,” he told reporters in Bangkok Wednesday.

Prayuth may approach outgoing Bank of Thailand Governor Veerathai Santiprabhob and former president of PTT Pcl Pailin Chuchottaworn to replace Predee, Thai-language newspaper Krungthep Turakij reported earlier, citing a source from the government house. A spokesman

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Stocks fall but end off session lows as investors continue to rotate out of tech and momentum sectors

Stocks finished with losses but off session lows in choppy trade on Wall Street on Friday, with some previously unloved sectors finding support as technology and other highflying segments felt the pressure of continued profit-taking.

U.S. markets on Monday will be closed in observance of Labor Day, a factor that might have added to market volatility by sapping volume in the run-up to the long holiday weekend.

How did stock-market benchmarks perform?

The Dow Jones Industrial Average
DJIA,
-0.56%

closed 159.42 points lower, down 0.6%, at 28133.31, after falling 628 points at its session low. The blue-chip gauge bounced in the final hour of trading, briefly pushing back into positive territory before falling back. The S&P 500 index
SPX,
-0.81%

dropped 28.10 points, or 0.8%, to finish at 3,426.96, while the Nasdaq Composite Index
COMP,
-1.26%

declined 144.97 points, or 1.3%, to end at 11,313.13. The tech-heavy Nasdaq saw

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