Finance Attitude - Major Indices Entering a Correction Phase <span style="font-size: 10px">(Credit: pixabay/geralt)</span>
Sept. 08, 2017 /Yassine Maaroufi/ -- The Standard & Poor’s 500, covering US large caps has been heading down since the beginning of August, branching out of its current bullish trend, a seven-month long rally. It has bounced back however two weeks ago. It has reached a high of 2480 points above the previous support line but without reaching the previous peak of 2490 points. It has closed at 2465 points right on the support line. Technically the index is at a turning point and could either rejoin the bullish corridor or start a correction. The latter is particularly possible following the string of weak economic data released last week regarding employment.
MEXICO CITY and NEW YORK, Sept. 7, 2017 /PRNewswire/ -- IPC Systems Inc., a leading global provider of secure, compliant communications and networking solutions for the financial markets community and the Mexican Stock Exchange, a leading exchange in Latin America with daily trading volumes over 800 million USD announced today that they continue their expansion into the global marketplace with the addition of the Market Data services for the Equity and Derivatives markets.
Finance Attitude  - Major Stock Market Correcting Coursing After Year Long Uptrend <span style="font-size: 10px">(Credit: pixabay/markusspiske)</span>
August 28, 2017 /Yassine Maaroufi/ -- The Standard & Poor’s 500 is in the middle of a correction after a 9-month upward trend directed by a solid support line. It closed at 2443.05 points last week, down 1.29% in 20 days from a high of 2490.87. The stock market has been trending up thanks to the positive economic growth in the US and the temporary pause in interest rates hikes by the Federal Reserve. The S&P 500 recorded 11.50% performance since December 2016, the beginning of the previous trend.  
Aflac Logo. (PRNewsFoto/Aflac)
Aflac Earns Place on Dow Jones Sustainability Index for 7th Consecutive Year
COLUMBUS, Ga., Sept. 13, 2017 /PRNewswire/ -- Aflac, the leading provider of voluntary insurance sales at the worksite in the U.S., announced today that the company has once again captured a place on the Dow Jones Sustainability Index (DJSI) North America List for 2017. This is the 7th consecutive year that Aflac has qualified for this prestigious honor. According to RobecoSAM, which conducts the annual assessment, the DJSI World represents the gold standard for corporate sustainability and is the first global index to track the leading sustainability-driven companies based on RobecoSAM's analysis of financially material Environmental, Social, and Governance (ESG) factors and S&P DJI's robust index methodology. Every year, RobecoSAM assesses the world's largest companies via its Corporate Sustainability Assessment (CSA), which uses a consistent, rules-based methodology to convert an average of 600 data points per company into one overall score. This score determines inclusion in the DJSI. In the 2017 assessment, Aflac scored better than the industry average in the Economic dimension as well as various individual categories, including Codes of Business Conduct, Corporate Governance, Customer Relationship Management, Information Security and Cybersecurity, Tax Strategy, Risk Detection, Occupational Health and Safety, and Talent Attraction and Retention. "We are extremely pleased to have landed on the DJSI North America index for a 7th consecutive year," Aflac Senior Vice President of Business Services and Chair of the company's Corporate Social Responsibility Committee Eric Seldon said. "All research shows that companies that are good corporate citizens more often than not will be respected by consumers and investors. Corporate ethics and responsibility mean more now than ever before, and Aflac understands this and will continue to always put its best foot forward in the communities we serve." The Dow Jones Sustainability Indices were launched in 1999 as the first global sustainability benchmarks. The indices are offered cooperatively by RobecoSAM and S&P Dow Jones Indices. The family of indices tracks the stock performance of the world's leading companies in terms of economic, environmental and social criteria. The indices serve as benchmarks for investors who integrate sustainability considerations into their portfolios and provide an effective engagement platform for companies who want to adopt sustainable best practices. About AflacWhen a policyholder gets sick or hurt, Aflac pays cash benefits fast. For more than six decades, Aflac insurance policies have given policyholders the opportunity to focus on recovery, not financial stress. In the United States, Aflac is the leader in voluntary insurance sales at the worksite. Through its trailblazing One Day PaySM initiative, Aflac U.S. can receive, process, approve and disburse payment for eligible claims in one business day. In Japan, Aflac is the leading provider of medical and cancer insurance, and insures 1 in 4 households. Aflac insurance products help provide protection to more than 50 million people worldwide. For 11 consecutive years, Aflac has been recognized by Ethisphere as one of the World's Most Ethical Companies. In 2017, Fortune magazine recognized Aflac as one of the 100 Best Companies to Work For in America for the 19th consecutive year and included Aflac on its list of Most Admired Companies for the 16th time. In 2015, Aflac's contact centers were recognized by J.D. Power by providing "An Outstanding Customer Service Experience" for the Live Phone Channel. Aflac Incorporated is a Fortune 500 company listed on the New York Stock Exchange under the symbol AFL. To find out more about Aflac and One Day PaySM, visit or Aflac herein means American Family Life Assurance Company of Columbus and American Family Life Assurance Company of New York. Media contacts – Jon Sullivan, 706.763.4813 or Aflac analyst and investor contact – David A. Young, 706.596.3264 or 800.235.2667, FAX 706.324.6330, or View original content with multimedia: SOURCE Aflac

Finance Attitude - Resilient Euro Despite the Deceiving Economic News<span style="font-size: 10px">(Credit: pixabay/stux)</span>
Sept. 06, 2017 /Yassine Maaroufi/ -- The EURUSD fell 1.42% from last week’s high of 1.2070 after weak economic data relative to the major European economies. However, the pair stayed on the same course and did not break the previous uptrend. The EURUSD has been gaining steam since the beginning of the year, switching gears in mid-April and mid-June to rise even higher.  
Finance Attitude  - The Euro Gains Traction Following The Jackson Hole Symposium <span style="font-size: 10px">(Credit: pixabay/stux)</span>
August 29, 2017 /Yassine Maaroufi/ -- The EURUSD has extended on the upside 2.09% to 1.2026 after bursting out of a small correction. The EUR has been rallying since the beginning of 2017 with additional strength in April and August. The first part of the rally sent the Euro up 1.47% from 1.0449 to 1.0602 and the second part 5.33% from 1.0602 to 1.1168. The third and probably last wave has started from 1.1168 and should send it even higher.
Investoo Group logo (PRNewsfoto/Investoo Group)
Investoo Group Acquires Social Trading Comparison Site
LONDON, Sept. 14, 2017 /PRNewswire/ -- Investoo Group, one of the world's biggest FX and financial affiliates, has acquired the leading social trading comparison site for an undisclosed fee. Launched in 2012, is one of the biggest social trading comparison sites and works a number of partners including eToro, Ayondo and Tradeo. The deal includes all existing revenue share accounts. Investoo Group CEO Adam Grunwerg commented, "Social and copy trading represents an excellent market for us to expand our products and services into. It is also a strong platform to build our own SEO and revenue share business. We plan to capitalize on the acquisition of by launching in a number of new languages and on a new design." David Merry, Chairman of the Board at Investoo Group, stated, "We are actively looking for new partnerships and website acquisitions that can add value to our portfolio of websites. We have grown more than 10-fold since the beginning of the year and look forward to working with new partners." For more information, please visit: About Investoo Group Investoo Group is a newly funded financial venture that aims to become one of the biggest lead generation companies in the Forex and retail investment industry. It is based in London and has grown from 3 to 40 employees in its first 8 months of activity. The group is backed by online technologies leaders Kinetic Investments and Optimizer Invest. Contacts: Adam Grunwerg CEO, David Merry, Chairman / Persson, Partner / +44(0)2034882091 View original content: SOURCE Investoo Group
As used in this document, "Deloitte" means Deloitte LLP. Please see for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting. (PRNewsFoto/Deloitte) (PRNewsFoto/Deloitte)
NEW YORK, Sept. 19, 2017 /PRNewswire/ -- A new Deloitte poll reveals a potential bump in the road for the still recovering U.S. initial public offering (IPO) market. The poll of nearly 3,000 executives, predominantly from private companies contemplating IPOs, across a wide range of industries, shows that only 8 percent of respondents say their companies have completed implementation of the new revenue recognition standard (ASC 606) required of all public companies effective for reporting periods beginning after Dec. 15, 2017.
 (PRNewsFoto/Sirius International Insurance)
HAMILTON, Bermuda, Sept. 18, 2017 /PRNewswire/ -- The Board of Directors of Sirius International Group, Ltd. has declared a quarterly dividend for the period July 1, 2017 through September 29, 2017 of $18.97 per share on its Fixed/Floating Perpetual Non-Cumulative Preference Shares (the "Preference Shares"). The dividend is payable in cash on September 29, 2017 to holders of record of Preference Shares as of the close of business on September 28, 2017.
Symbility Logo (CNW Group/Symbility Solutions Inc.)
TORONTO, Sept. 15, 2017 /PRNewswire/ - Symbility Solutions Inc. ("Symbility") ("Corporation") (TSX.V: SY) a global software company focused on modernizing the insurance industry, announces the voting results of the Annual and Special Meeting of Shareholders of the Corporation that was held September 14, 2017 ("Meeting"). The Corporation hereby advises of the following resolutions were passed at the Meeting:
Bronstein, Gewirtz & Grossman, LLC (PRNewsFoto/Bronstein, Gewirtz & Grossman,)
SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Ubiquiti Networks, Inc.
NEW YORK, Sept. 19, 2017 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Ubiquiti Networks, Inc. ("Ubiquiti" or the "Company") (Nasdaq: UBNT). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site:    The investigation concerns whether Ubiquiti and certain of its officers and/or directors have violated Federal Securities Laws. On September 18, 2017, Citron Research published a report that described Ubiquiti as a "total fraud."  The report identified several purported "red flags" that, in the view of the report's author, indicated that the Company was deceiving investors, including operating margins well above those of Ubiquiti's peers and relatively low interest income despite a growing cash position.  Following this news, shares of Ubiquiti fell $4.33 per share or over 7% to close at $50.62 per share on September 18, 2017, damaging investors. If you are aware of any facts relating to this investigation, or purchased Ubiquiti shares, you can assist this investigation by visiting the firm's site: You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.  Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration.   Attorney advertising. Prior results do not guarantee similar outcomes. Contact:Bronstein, Gewirtz & Grossman, LLCPeretz Bronstein or Yael Hurwitz212-697-6484 |   View original content with multimedia: SOURCE Bronstein, Gewirtz & Grossman, LLC
ORLANDO, Fla.--(BUSINESS WIRE)-- Siemens, a global engineering and technology leader, and PAS Global, the leading provider of industrial control system (ICS) cybersecurity solution
RYE BROOK, N.Y.--(BUSINESS WIRE)-- Xylem Inc. (NYSE:XYL), a leading global water technology company, today announced that Colin Sabol has been named Xylem Senior Vice President and
LONDON--(BUSINESS WIRE)-- According to the latest market study released by Technavio, the global combine harvester market is expected to grow at a CAGR of close to 8% during the fo
High Demand from Emerging Economies to Boost the Power Boiler Market: Technavio
Sept. 19, 2017 16:23 UTC LONDON--(BUSINESS WIRE)-- The global power boiler market is expected to grow at a CAGR of close to 4% during the forecast period, according to Technavio’s latest market research. This Smart News Release features multimedia. View the full release here: Technavio has published a new report on the global power boiler market from 2017-2021. (Graphic: Business Wire) In this market research report, Technavio covers the market outlook and growth prospects of the global power boiler market for 2017-2021. The market is further categorized into three major segments based on type of fuel used in coal-fired power boilers, gas-fired power boilers, and oil-fired power boilers. The coal-fired boiler segment accounted for close to 50% of the market share in 2016. “A major portion of the demand for power boilers is expected to arise from emerging economies, where the population is growing, and urbanization is rapid. These factors will increase the demand for power, which will primarily be met by fossil fuels. Fossil fuels energy is still the most cost-effective and tried and tested technology and it can be scaled up faster. This will drive the demand for power boilers during the forecast period,” says Thanikachalam Chandrasekaran, a lead power research expert from Technavio. Technavio’s research analysts segment the global power boiler market into the following regions: APAC Americas EMEA Looking for more information on this market? Request a free sample report Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more. APAC: largest market for power boilers The power boiler market in APAC is expected to grow rapidly during the forecast period. The market in APAC is the largest and is growing rapidly compared to other regions worldwide. This is because of the increasing demand for electricity and infrastructural development activities in the region. China, India, Australia, South Korea, Taiwan, Singapore, and Japan contribute substantial revenue to the market in the region. The growth in demand can be attributed to coal's dominance in the overall power mix in the region. Availability of coal from domestic production and global imports is driving the market for coal-fired power boilers. The major contributions are expected to come from China and India. Moreover, availability of many boiler manufacturers in these countries will support the future growth prospects of the market in this region. This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free. Americas: replacement activities to boost growth The power boiler market in the Americas is approaching a mature phase, and thus, it is expected to grow slowly. North America contributes the major proportion of the revenue to the region. The demand for power boilers is increasing because of replacement activities. Several power plants are upgrading their plant equipment to improve the overall efficiency. Also, with the advent of unconventional shale gas, gas-fired power boilers have become an attractive option. As a result, most coal-fired power boilers are being converted into gas-fired power boilers. In 2014, the US Environmental Protection Agency (EPA) passed a law that aims to reduce carbon emissions from coal power plants by 30% by 2030, taking 2005 emission levels as the base value. Rather than shutting down existing coal power plants and building new ones, utilities are focusing on upgrading existing coal power plants to use gas turbines, accompanied with heat recovery steam generator (HRSGs). This move will improve efficiency and reduce fuel costs and will encourage the adoption of superior-quality and energy-efficient boilers in the Americas over the coming years. Also, with the improved economy of several countries in South America, the adoption of power boilers is expected to increase during the forecast period. EMEA: demand from the Middle East to fuel growth The power boilers used in Europe have turned old and inefficient. The major demand for power boilers in the region will come from replacement activities. The region is expected to witness a moderate growth because of decreasing importance of thermal energy, decommissioning of thermal power plants, and shift towards renewable energy. In the Middle East, the demand for oil and gas-fired power boilers will increase. The latest boiler technology, i.e., circulating fluidized bed (CFB) boilers, are extensively used in EMEA as they are efficient and have low carbon emissions, which facilitates compliance with GHG emission norms. As per EU nations 20-20-20 targets, the member nations have the target to increase the renewable share to 20% in order to reduce the GHG emissions by 20% by 2020. Africa is another high potential market for power boilers. A combined capacity of 42.5 GW of coal power plants are either under planning or development stage in Africa. Most of these projects are being financed through foreign investment, especially from China. Apart from this, the discovery of offshore gas reserves in East Africa will also benefit the growth of the power boiler market in the region. The top vendors in the global power boiler market as highlighted in this market research analysis are: Amec Foster Wheeler Babcock & Wilcox Enterprises DONGFANG BOILER GROUP General Electric Harbin Electric MITSUBISHI HITACHI POWER SYSTEMS Browse Related Reports: Global Personal Protective Equipment Market for Mining Industry 2017-2021 Global Wind Turbine Nacelle Market 2017-2021 Global Wind Turbine Gear Oil Market 2017-2021 About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. If you are interested in more information, please contact our media team at View source version on Contacts Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 Source: Technavio Research Smart Multimedia Gallery Photo Technavio has published a new report on the global power boiler market from 2017-2021. (Graphic: Business Wire) Logo View this news release and multimedia online at:
Global X Funds logo. (PRNewsFoto/Global X Funds)
NEW YORK, Sept. 13, 2017 /PRNewswire/ -- Global X Funds, the New York-based provider of exchange traded funds (ETFs), today launched the Global X U.S. Preferred ETF (BATS: PFFD). Tracking the BofA Merrill Lynch Diversified Core U.S. Preferred Securities Index, the fund provides investors with broad exposure to the income-oriented U.S. preferred asset class. PFFD's expense ratio is 0.23%, while the category average for 'Fixed Income: U.S. - Corporate Preferred Stock' was 0.48% as of 8/31/2017.[1]
Morningstar logo (PRNewsFoto/Morningstar Research Inc.) (PRNewsFoto/Morningstar Research Inc_)
CHICAGO, Sept. 7, 2017 /PRNewswire/ -- At its eighth annual ETF Conference, Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, today published its annual global landscape report, "A Global Guide to Strategic-Beta Exchange-Traded Products," and a complementary examination of the performance of U.S. strategic-beta equity exchange-traded funds (ETFs). The landscape report examines trends in asset growth, asset flows, product development, and fees among strategic-beta exchange-traded products (ETPs) by region, while the performance study takes an in-depth look at these funds' performance compared to replicating portfolios made up of market-cap-weighted indexes.
Finance Attitude  - ETFs Gain As World Economy Recovers <span style="font-size: 10px">(Credit: pixabay/StockSnap)</span>
August 24, 2017 /Yassine Maaroufi/ -- The US stock market is thriving in response to solid economic growth prospects. The SPDR S&P 500 ETF (SPY) rose 32% since the beginning of 2016 and 9% since January 2017. SPY continues its good performance going to higher highs for a year and a half without any significant correction. However, it has been jittery during this month showing higher volatility than usual with wider intraday price ranges and seesawing movement.
Global X Funds logo. (PRNewsFoto/Global X Funds)
Global X Funds' Robotics and Artificial Intelligence ETF (BOTZ) Crosses $450 Million at One-Year Anniversary
NEW YORK, Sept. 19, 2017 /PRNewswire/ -- Global X Funds, the New York-based provider of exchange-traded funds (ETFs), today celebrated the one-year anniversary of the launch of the Global X Robotics and Artificial Intelligence ETF (BOTZ). BOTZ has received considerable interest from investors in its first year, having surpassed $450m in assets under management.1 BOTZ launched on September 12, 2016 and tracks the Indxx Global Robotics & Artificial Intelligence Thematic Index. According to data from, by reaching $450m, BOTZ has become one of just eight ETFs launched since January 1, 2016 to achieve this milestone.2 BOTZ has seen accelerated growth in recent months, with Global X announcing on June 12, 2017 that BOTZ had reached $100m in assets by the end of May.3 BOTZ offers investors access to a rapidly emerging technological theme of the application of robotics and artificial intelligence around the globe. The robotics industry is expected to grow 10% per year, eclipsing $80 billion in market size by 2020. The AI market is expected to reach $5.1 billion by 2020, from just $420 million in 2014.4,5 As of 9/12/2017, BOTZ has a global focus with more than 70% of its exposure coming from outside of the US, including over 45% coming from Japan.6 "While the robotics & AI revolution is a long term theme that we believe will continue to play out over decades, industries across the globe are already embracing these technologies. Industrial manufacturing was among the first sectors touched by this burgeoning technology, but health care, defense, agriculture, and consumer products are all starting to adopt robotics and AI at an increasingly rapid pace," said Jay Jacobs, director of research at Global X. "We brought BOTZ to market to offer investors an efficient tool to access this technological revolution, and we're pleased to see that the market has been receptive. As we continue to watch these emerging technologies change the world around us, we're excited for what the future has in store." ABOUT GLOBAL X Seeking to provide access to high-quality and cost-efficient investment solutions, Global X is a New York-based sponsor of exchange-traded funds (ETFs).  Founded in 2008, Global X is distinguished by its smart core, income, alpha, risk management and access suites of ETFs and has more than 50 funds available across U.S. and foreign exchanges. Global X is recognized as a leader in developing intelligent investment solutions. DISCLOSURE Investing involves risk, including the possible loss of principal. The investable universe of companies in which the Fund may invest may be limited. The Fund invests in securities of companies engaged in Information Technology which can be affected by rapid product obsolescence, and intense industry competition. In addition to normal risks associated with investing, international investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from social, economic or political instability in other nations. The fund is non-diversified which represents a heightened risk to investors. Shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Carefully consider the Fund's investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Fund's full or summary prospectus, which may be obtained by calling 1-888-GX-FUND-1 (1.888.493.8631), or by visiting Read the prospectus carefully before investing. Global X Management Company LLC serves as an advisor to Global X Funds. The Funds are distributed by SEI Investments Distribution Co. (SIDCO), which is not affiliated with Global X Management Company LLC. Global X Funds are not sponsored, endorsed, issued, sold or promoted by Indxx, nor does Indxx make any representations regarding the advisability of investing in the Global X Funds. Neither SIDCO nor Global X is affiliated with Indxx. 1 As of 9/12/2017, the Global X Robotics & Artificial Intelligence ETF (BOTZ) had $463m in assets under management. 2 Source: As of 9/13/2017 3 Global X Funds' Robotics and Artificial Intelligence ETF (BOTZ) Crosses $100 Million Mark, 2017 4 Robotics Technology Market by Type and Application, Global Opportunity Analysis and Industry Forecast. 2014-2020 Report. 5 Artificial Intelligence (AI) Market by Technology, Application & Geography. Global Forecast to 2020 Report. 6 Source: Morningstar, as of 9/12/2017 View original content with multimedia: SOURCE Global X Funds
DOHA, Qatar, Sept. 12, 2017 (GLOBE NEWSWIRE) -- Japan is enjoying one of its longest growth streaks after decades of economic malaise. Earlier this month, the release of Q2 GDP data revealed that growth rose to 4.0% on a quarter over quarter annualised basis, the fastest pace of growth in two years and the sixth consecutive quarter of expansion. Driving the upswing is the feedthrough of ultra-loose monetary policy and fiscal stimulus. Despite these realised gains, there are limits to policy-led growth and Japan also faces structural headwinds of low inflation expectations and an ageing population. We therefore view the growth uptick as transitory and absent major reforms to tackle these challenges, Japan’s long-term growth trajectory remains highly uncertain.
Vanguard (PRNewsFoto/Vanguard) (PRNewsFoto/Vanguard)
VALLEY FORGE, Pa., Aug. 22, 2017 /PRNewswire/ -- Vanguard today filed a preliminary registration statement with the Securities and Exchange Commission for a new index portfolio, Vanguard Total Corporate Bond ETF. The ETF is expected to launch in the fourth quarter and will offer investors access to the entire U.S. investment-grade corporate bond market through a single fund.
HORSHAM, Pa., Aug. 22, 2017 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL) (, the nation’s leading builder of luxury homes, today announced results for its third quarter and nine months ended July 31, 2017.
SBA LOGO. (PRNewsFoto/U.S. Small Business Administration) (PRNewsFoto/U.S. SMALL BUSINESS ADMINIS...) (PRNewsFoto/U.S. SMALL BUSINESS ADMINIS...)
SBA Makes Changes to its Surety Bond Program
WASHINGTON, Sept. 14, 2017 /PRNewswire-USNewswire/ -- The U.S. Small Business Administration has noted two important changes to its Surety Bond Guarantee (SBG) Program that will increase contract opportunities for small contractors, supporting them to grow their business operations.  The changes will become effective on September 20, 2017. The SBA will increase the guarantee percentage in the Preferred Surety Bond Program from no more than 70 percent to no more than 90 percent.  The SBA's guarantee will be 90 percent if the original contract amount is $100,000 or less, or if the bond is issued to a small business that is owned and controlled by socially or economically disadvantaged individuals, veterans, service disabled veterans, or certified HUBZone and 8(a) businesses.  All other guarantees will be 80 percent. The eligible contract amount for the Quick Bond Application (Quick Bond) will increase to $400,000 from $250,000.  The Quick Bond is a streamlined application process, with reduced paperwork requirements, that is used in the Prior Approval Program for smaller contract amounts.  SBA's review and approval requires minimal time, allowing small businesses to bid on and compete for contracting opportunities without delay. Through its SBG Program, consisting of the Prior Approval and the Preferred Surety Bond Programs, the SBA guarantees bid, payment and performance bonds for contracts that do not exceed $6.5 million, and up to $10 million with a federal contracting officer's certification.  The SBA's guarantee encourages the surety company to issue a bond that it would not otherwise provide for a small business. For more information on the SBA's Surety Bond Guarantee Program, please visit About the U.S. Small Business Administration The U.S. Small Business Administration (SBA) was created in 1953 and since January 13, 2012 has served as a Cabinet-level agency of the federal government to aid, counsel, assist and protect the interests of small business concerns, to preserve free competitive enterprise and to maintain and strengthen the overall economy of our nation.  The SBA helps Americans start, build and grow businesses.  Through an extensive network of field offices and partnerships with public and private organizations, the SBA delivers its services to people throughout the United States, Puerto Rico, the U.S. Virgin Islands and Guam. Contact: Cecelia Taylor (202) 401-3059Internet Address: us on: Twitter, Facebook, Instagram, & Blogs Release Number: 17-57   View original content with multimedia: SOURCE U.S. Small Business Administration