Houlihan Lokey (HLI) said Monday it appointed Dave Buscaglia as a managing director in its business services group.
Buscaglia joins the investment bank after serving as a managing director in Stifel's business services group, according to the company.
Price: $140.42, Change: $-0.54, Percent Change: -0.38%
General Dynamics (GD) will invest $200 million and unwind its partnership with Turkish defense contractor Repkon as it seeks to start production of 155mm artillery shells at a Texas plant, Bloomberg reported Monday, citing people familiar with the matter.The munitions manufacturing equipment supplied by Repkon failed to meet required standards and is expected to be replaced by hardware and management from privately held Deterrence Defense, according to the news outlet.The additional $200 million investment would come on top of the $591 million contract the US Army awarded to General Dynamics for the Texas facility, which was designed to operate three production lines capable of manufacturing 30,000 155mm artillery shells per month, the report added.General Dynamics did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $339.09, Change: $-7.74, Percent Change: -2.23%
U.S. Bancorp (USB) said Monday it has completed the acquisition of BTIG, effective today.Anton LeRoy will remain the chief executive officer of BTIG, reporting to Stephen Philipson, vice chair and head of Wealth, Corporate, Commercial and Institutional Banking at U.S. Bancorp, according to a statement.BTIG co-founder and executive chairman, Steven Starker, will report to LeRoy and continue his current day-to-day role, the company said.BTIG will continue to operate as a separate broker-dealer within U.S. Bancorp, the company added.Price: $54.41, Change: $-0.45, Percent Change: -0.81%
Bogota Financial (BSBK) has agreed to merge GSL Savings Bank into Bogota Savings Bank, creating a combined institution with approximately $1 billion in assets, the companies said Monday.Under the agreement, GSL Chief Executive Frank Giancola will become chief operating officer of Bogota Savings Bank, the companies said.As part of the deal, Bogota Financial will issue common shares to Bogota Financial MHC in an amount equal to GSL's fair value as determined by an independent appraisal, the companies said, adding that the shares are expected to be issued before the completion of the merger.The companies said the transaction is expected to close in the second half of 2026.Price: $8.41, Change: $+0.01, Percent Change: +0.12%