PennyMac Financial Services, Inc. Reports Second Quarter 2020 Results and Increases Quarterly Dividend

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WESTLAKE VILLAGE, Calif.–(BUSINESS WIRE)–PennyMac Financial Services, Inc. (NYSE: PFSI) today reported net income of $352.7 million for the second quarter of 2020, or $4.39 per share on a diluted basis, on revenue of $821.6 million. Book value per share increased to $34.26 from $29.85 at March 31, 2020.

PFSI’s Board of Directors declared a second quarter cash dividend of $0.15 per share, a 25 percent increase from the prior quarter, payable on August 28, 2020, to common stockholders of record as of August 17, 2020.

Second Quarter 2020 Highlights

  • Pretax income was $480.4 million, up 16 percent from the prior quarter and 382 percent from the second quarter of 2019
    • Record earnings driven by core production and servicing results partially offset by fair value losses on mortgage servicing rights (MSRs) and associated hedging and other losses
    • In June, repurchased approximately 7 million shares of PFSI’s common stock (approximately
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Digital Financial Services partners with MoneyGram to offer eWallet services in the UAE | News

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Digital Financial Services LLC has partnered with MoneyGram to offer international remittance services in the UAE.

Digital Financial Services LLC is a joint venture between Etisalat and Noor Bank and was acquired earlier this year by Dubai Islamic Bank.

With this partnership, eWallet customers can make international money transfers in real-time to friends and family in over 200 countries and territories worldwide through an expansive network of mobile wallet operators, bank account deposit services, and over 350,000 walk-in locations.

“eWallet continues to be an innovative solution that uplifts the way UAE residents conduct financial transactions today. Our partnership with MoneyGram will further enrich our consumers with the state-of-the-art customer service experience which MoneyGram is renowned for and will boost our future expansion plans,” said Ahmed Al Awadi, chairman of Digital Payment Services.

Regulated and licensed by the Central Bank of the UAE, eWallet is a revolutionary digital payment service aimed

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Who Has Been Buying First Business Financial Services, Inc. (NASDAQ:FBIZ) Shares?

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Want to participate in a short research study? Help shape the future of investing tools and earn a $40 gift card!

It is not uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we’d be remiss not to mention that insider sales have been known to precede tough periods for a business. So shareholders might well want to know whether insiders have been buying or selling shares in First Business Financial Services, Inc. (NASDAQ:FBIZ).

What Is Insider Buying?

It’s quite normal to see company insiders, such as board members, trading in company stock, from time to time. However, such insiders must disclose their trading activities, and not trade on inside information.

We would never suggest that investors should base their decisions solely on what the directors of a company have been doing. But logic dictates you should pay some attention to whether

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Mercedes Sees Online Services As Profitable As Selling Cars

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The market for AI systems will explode in the next five years.

Mercedes-Benz’ MBUX infotainment system debuted for the first time with the new A-Class back in 2018 and you can already order it in almost every vehicle from the manufacturer – including the recently refreshed E-Class coupe and convertible. The Mercedes-Benz User Experience (MBUX), pronounced em-bee yew-ex, boasts a pretty display and clever interfaces in spades, and the automaker will continue to invest millions in it as it believes it can make money.

According to a recent report, the market for automotive AI systems will rise from about $2 billion today to more than $26.5 billion by 2025. Simply put, if you put big money on this technology now, you’ll be in a better position to monetize it when the sector explodes. And Mercedes knows that and it’s the main reason why it chose to invest in an

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@Business, Inc. – IT Services

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Technical Services

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We provide solutions to varied industries, by offering a large spectrum of expertise and services. Our clients are leaders from a wide range of industries including electric utilities, entertainment, financial services and health care.

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Home | MBA Insurance Services

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Home | MBA Insurance Services


Find out how we understand the needs of large scale builders and the level of cover required for major construction projects.



MBAIS has the building & construction industry covered.

Please note that you are about to leave our website and enter the MBAIS quoting system.

Please note that you are about to leave this website and enter a site operated by CGU. Any reference to ‘us’, ‘we’ and ‘our’ is a reference to CGU.

Please note that you are about to leave this website and enter a site operated by QBE. Any reference to ‘us’, ‘we’ and ‘our’ is a reference to QBE.

When

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Web Hosting Services | Yahoo! Small Business

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Start with a hosting plan, bundled with everything you need to easily create and manage a high-performance website.

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Over time, your bundle shouldn’t cost you one

Many competitors unbundle their plans to raise renewal prices and charge separate fees for some features.
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Our plans are packed with everything you need for a high-performance site, including tools, domain name, email addresses, and a SSL Certificate.

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Get the tools, services and support you need and an easy-to-use control panel to manage them as you grow.

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Let us build and manage your website so you can stay focused

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Small Diverse Business Contracting | Department of General Services

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The Commonwealth maintains a strong commitment to providing opportunities for small businesses to compete for prime contracting opportunities with the goal of promoting the economic growth and success of small businesses.

ELIGIBILITY REQUIREMENTS

Businesses interested in participating as a small business in the Small Business Contracting Program must first register to do business with the Commonwealth and self-certify as a “small business.” To self-certify and participate as a Small Business, a business must meet each of the following requirements:

  • The business must be a for-profit, United States business.
  • The business must be independently owned.
  • The business may not be dominant in its field of operation.
  • The business may not employ more than 100 full-time equivalent employees.
  • The business may not exceed three-year average gross revenues of $38.5 Million, regardless of business type (effective 11/1/2018).

Businesses will be required to upload the first page of the company’s three most recent federal

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Alibaba Boosts Cloud Services, Investing $28 Billion More

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Earlier today, tech giant Alibaba announced that it is investing $28 billion in its cloud computing unit due to demand surge. The company highlighted that it’s a crucial division that will help its future growth outlook.

The company said that the money will be allocated to infrastructures and developing technology that is related to its operations. The e-commerce giant confirmed that most of the funds will focus on its operating systems, networks, servers, and even chips.

In a statement, Jeff Zhang, head of Alibaba Cloud Intelligence, discussed the impact of the pandemic on the digital landscape. Zhang said that it has stressed the overall economy but also shifted the focus to the digital economy.

The technology company is the largest cloud computing provider in mainland China. However, the company still trails behind the likes of Amazon and Microsoft in the global market shares.

The firm now pushes to extend its

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Web Hosting Services & Free Domian from $4/month

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Does WestHost have a “Control Panel” or some other utility to manage my website?

Yes, WestHost features an enhanced user interface that is
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Can I add software to my account?

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limitations when it comes to which software you can install.

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