Adventist discloses at least $38 million in destroyed, non-operable assets in Paradise
Adventist Health reported at least $38 million in destroyed and non-operable property at its hospital in Paradise, in an annual financial disclosure by the Roseville-based health system.
Adventist’s Feather River hospital was one of 18,700 structures that were destroyed by the Camp Fire last November. The 100-bed hospital previously accounted for about 5.6 percent of Adventist’s total revenues, according to its 2017 financials.
A report to bondholders, released Monday, discloses new details…
Slack picks NYSE for direct stock listing this summer
Slack Technologies will do a direct listing on the New York Stock Exchange this summer.
The Wall Street Journal, after talking to “people familiar with the matter,” reported that the San Francisco-based workplace messaging company would take the rare step of using a direct listing to go public in June or July.
The music streaming company Spotify Inc. successfully used a similar listing method on the NYSE last year.
A direct listing doesn't allow a company to raise money when it goes public, nor…
Ameriprise to sell auto and home insurance unit for $1.05 billion
Ameriprise Financial Inc. is selling its property and casualty insurance business for $1.05 billion, the Minneapolis-based company announced Tuesday.
A subsidiary of Madison, Wis.-based American Family Insurance Mutual Holding Co. is buying Ameriprise Auto & Home, which is based in De Pere, Wis. The net proceeds to Ameriprise will be about $950 million.
Ameriprise, which originally bought the insurance business in the 1980s, is looking to focus more on asset and wealth management. The company…
Why U.S. Bank is closing 11 branches in Colorado
The bank has nearly 150 branches throughout Colorado.
How NM leaders decide where to put a new credit union branch
Paul Stull, president of the Credit Union Association of New Mexico, said different credit unions have restrictions based on geography or members having a working presence in an area before it can expand there.
Slower job growth, retirements chill business confidence
Confidence levels among Massachusetts employers dipped in March, but remained firmly in positive territory.
Bill.com raises $88M, becomes Bay Area’s newest unicorn
The Palo Alto business-to-business payments network operator also announced a strategic partnership with Mastercard, allowing it to offer virtual cards in its automated accounts payable service that it says will offer a faster payment option for small and midsize companies.
Bay Area companies rule 2019 list of most powerful brands. See how they rank.
In a new ranking of the most powerful U.S. brands, 22 of the top 100 are based in Silicon Valley or San Francisco, making the region by far the most represented on the list from Brand Finance.
Among the local companies on the list is Los Gatos-based Netflix Inc., which claimed the title of the fastest-growing brand of any U.S. company this year.
Cupertino-based Apple Inc. and Mountain View-based Google, the primary company of Alphabet Inc., came in at No. 2 and 3, respectively.
The most valuable…
Big payouts for Kinderhook Bank executives as part of acquisition
Kinderhook Bank's CEO and top executives are in line for severance packages worth almost three times their annual salaries as part of the proposed acquisition by Community Bank. The acquisition will also eliminate 34 Kinderhook Bank jobs.
Elk Grove retail center sold for $12.45 million
The Crossing retail center in Elk Grove may not have the sexiest stores. But those stores’ performance, and the overall state of the center, made it a good investment for a Bay Area firm, according to a broker on the deal.