Industry News

Barclays chairman John McFarlane want to speak to Davis before the Tory party conference in a fortnight. They want to press home the point that abruptly leaving the single market could damage the City and they will be calling for' transitional measures' to smooth the process."/>
Bank chiefs' Brexit fears [Financial Mail on Sunday, London]
M and A Navigator: Deal pipeline –19 September
TMX Group Limited had been removed from the S&P/TSX Composite Index. TMX is hereby notifying all market participants of this error and has confirmed with S&P Dow Jones Indices that TMX Group remains a constituent of the index. TMX Group's key subsidiaries operate cash and derivative markets and clearinghouses for multiple asset..."/>
TMX Group Statement Regarding Index Inclusion
Paz Oil Company Ltd. for 17 years, sold part of his stake today, bringing him below the minimum holding necessary for control. Bino also resigned as a director of Paz, along with three other directors associated with him. Bino Holdings sold 14,093 ordinary shares in Paz in an off-floor transaction today, at a price of NIS 582.66 per share."/>
Zadik Bino relinquishes control of Paz [Globes, Tel Aviv, Israel]
Aflac, the leading provider of voluntary insurance sales at the worksite in the U.S. and a committed corporate ally in the fight against childhood cancer, announced today its newly formed relationship with CureFest, a grassroots organization whose mission is to make childhood cancer research a national priority by uniting the childhood cancer community, the general public, physicians and researchers as well as elected leaders."/>
Aflac Teams with CureFest to Eradicate Childhood Cancer
Electrical Geodesics Inc.-- or EGI-- show the company has started taking out short-term loans this year, opening up a $1 million line of credit to pay bills. The company reported a loss of $1.9 million in the first half of this year."/>
Scanning the finances of EGI, a publicly traded Eugene medical tech company [The Register-Guard, Eugene, Ore.]
Solutions Group, Inc. recently announced it is expanding its manufacturing operations with an additional location in Wurtland, Kentucky, to accommodate the rapid growth in current and future orders. PSG chief executive officer and president Robert Slagel signed the lease agreement, saying, "With current operations at our Worthington location running three shifts 24 hours a day, seven days a week, the need for additional space was inevitable.""/>
Manufacturing facility will more than double current footprint [The Ironton Tribune, Ohio]
Apple, for which Gizmo Guy is grateful. Apple points gazillions of consumers toward new or "emerging" categories of products. And it keeps rivals cranking out their own innovations with a produce-or-perish fury."/>
Gizmo Guy: Ears to the ground on the latest headphones [The Philadelphia Inquirer]
Unum Group, where he was director of corporate development and capital management."/>
Chattanooga Times Free Press, Tenn., Business Digest column [Chattanooga Times Free Press, Tenn.]
Comerica Bank, doesn't foresee a recession around the corner and expects something called a "low-growth economy" next year and possibly into 2018.. Dye, who visited Comerica clients in Ann Arbor and elsewhere in Michigan last week, noted that Fed Chair Janet Yellen stressed that "expansions don't die of old age." The U.S. economy has been growing since June 2009-- or about 87 months now."/>
Detroit Free Press Susan Tompor column [Detroit Free Press]
Daily Mail, London, Alex Brummer column [Daily Mail, London]
SVG Capital stuck a spanner in the works for HarbourVest's takeover bid when it brought forward its half-year results yesterday, claiming that competing offers were in the offing. Shares in the investment firm rocketed on Monday as the US private equity company made a pounds sterling 1 bn bid for the business. HarbourVest proposed a deal for the equivalent of 650 p a share for SVG, saying its offer was final."/>
Shares in SVG climb as it fights off pounds sterling 1 billion takeover [Daily Mail, London]
Sports Direct have triggered a sweeping investigation by MPs into boardroom practices at Britain's biggest firms. The Business, Innovation, and Skills Committee has launched an inquiry into corporate governance, focusing on fat-cat pay, directors' responsibilities and the composition of boardrooms."/>
Daily Mail, London, business briefs column [Daily Mail, London]
SolarCity's fate now lies squarely in the hands of Tesla Motors and its shareholders. A 45- day window in which SolarCity could consider other offers beyond Tesla's $2.3 billion merger bid closed on Wednesday night, and no other investor or company put a proposal on the table. After all, 15 potential buyers or investors looked at SolarCity earlier this summer, while the solar energy company was hammering out the terms of Tesla's merger offer and trying to see if anyone else..."/>
Musk's vision at stake in Tesla shareholders' vote on SolarCity merger [The Buffalo News, N.Y.]

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