Industry News

Charles Schwab building at 12115 Technology Lane and the nearby Launch Fishers Building at 12175 Visionary Way, according to a news release. Fishers had previously designated the area a Certified Technology Park, which allows the city to offer tax incentives to prospective..."/>
Citimark plans $32.7M Fishers redevelopment [The Indianapolis Star]
Great Southern Bancorp, Inc., the holding company for Great Southern Bank, today announced that it had completed the public offering and sale of $75 million of its 5.25% Fixed-to-Floating Rate Subordinated Notes due August 15, 2026. The Notes were sold at par, resulting in net proceeds, after underwriting discounts and commissions, of approximately $73.9 million. The Company intends to use the net proceeds of the offering for general..."/>
Great Southern Bancorp, Inc. Announces Completion Of $75 Million Subordinated Notes Offering
Voya Financial, Inc. asset management business Voya Investment Management has named Joseph M. Labella its new retirement strategist, the company said. Labella is based in New York. This new position within Investment Management was created in response to the growing needs faced by financial advisors to help them better address their clients' retirement planning issues and those seeking a unique strategic and consultative resource."/>
Voya Investment Management names retirement strategist
Chubb Limited has declared a quarterly dividend equal to USD0.69 per share, payable on October 21, 2016, to shareholders of record at the close of business on September 30, 2016.. Dividend payments will be made in United States dollars by the company's transfer agent. This will be the second installment as approved by the company's shareholders on May 19, 2016.."/>
Chubb Limited board declares USD0.69 quarterly dividend
IberiaBank Corp., holding company of the 129- year-old IberiaBank, has elected Dr. Eli Jones to the IberiaBank Corporation Board of Directors and the IberiaBank Board of Directors, the company said. However, as a current independent trustee of Invesco's open and closed-end funds, it was subsequently determined that membership on the IberiaBank boards may present a conflict with the independence requirements under the Investment Company Act of 1940.."/>
Jones resigns from board of directors to satisfy Investment Company Act of 1940
U.S. Global Investors, Inc., a boutique registered investment advisory firm with longstanding experience in global markets and specialized sectors, will continue its payment of monthly dividends in August. A monthly dividend of $0.0025 per share was authorized in May 2016 to continue through September 30, 2016. The August dividend record date is August 15 and the payment date is August 29. Our August dividend marks 111 consecutive months since..."/>
U.S. Global Investors Continues GROW Dividends in August
Brixmor Property Group Inc. secondary offering of 42,400,000 shares of its common stock, in which certain selling stockholders affiliated with Blackstone Real Estate Partners, which is expected to result in gross proceeds to the selling stockholders of approximately USD1.17 billion, the company said. The offering is expected to close on August 16, 2016, subject to..."/>
Brixmor Property Group prices USD1.17bn secondary offering
Legg Mason, Inc. has reached an agreement for Bill Miller to acquire all of Legg Mason's interests in LMM LLC, the company said. As a result, Miller, together with companies he controls, will own 100 percent of LMM. LMM provides investment management services to Legg Mason Opportunity Trust, Miller Income Opportunity Trust and related strategies."/>
Bill Miller to acquire Legg Mason's LMM Stake
Bank of America discriminated against a Michigan-based Arab-American charity is winding to a close. Closing arguments are set for Friday. Life for Relief& Development, the oldest and largest not-for-profit organization in North America run by Arab Americans, alleges that Bank of America, N.A., ethnically discriminated against the charity when it closed its accounts without cause or explanation in May 2012."/>
LIFE: Bank of America in Federal Court for Discriminating Against Arab-American Charity
Staffing 360 Solutions, a company executing a global buy-and-build strategy through the acquisition of staffing organizations in the US and the UK, will visit the Nasdaq MarketSite in Times Square. In honor of the occasion, Brendan Flood, Executive Chairman, and Matt Briand, President and CEO, will ring the Opening Bell. Where: Nasdaq MarketSite– 4 Times Square– 43 rd& Broadway– Broadcast Studio."/>
Staffing 360 Solutions, Inc. (Nasdaq: STAF) to Ring The Nasdaq Stock Market Opening Bell
Nasdaq MarketSite in Times Square in celebration of India’ s Independence Day, which is celebrated every year on the 15 th of August. In honor of the occasion, H.E. M. J. Akbar, Minister of State for External Affairs, Government of India and Ambassador Riva Ganguly Das, Consul General of India, New York, will ring the Closing Bell."/>
Minister of State for External Affairs of India and Consul General of India in New York to Ring The Nasdaq Stock Market Closing Bell
First Merchants Corporation declared a cash dividend on August 11, 2016 of $0.14 per share. The dividend is payable on September 16, 2016 to shareholders of record on September 2, 2016. For purposes of broker trading, the ex-date of the cash dividend is August 31, 2016.."/>
First Merchants Corporation Announces Cash Dividend
Oriental Bank of Commerce Bank Ltd on Friday reported a 60.94% decrease in its first quarter net profit. Net profit declined to Rs.100.69 crore in the quarter ended 30 June from Rs.257.84 crore a year ago on account of higher provisions and lower operating profit. Provisions increased to Rs.750.40 crore for the June quarter compared to Rs.577.65 crore last year, while operating profit declined from Rs.1, 044.49 crore last June to Rs.917.09 crore this June."/>
Oriental Bank of Commerce Q1 profit falls 61% to Rs100 crore; provisions surge [Mint, New Delhi]
Central Bank of India Ltd on Friday reported a net loss of Rs.600 crore for its first quarter compared to a net profit of Rs.203.60 crore a year ago as the bank had to set aside more money against bad loans. Provisions more than doubled to Rs.1, 543.86 crore compared to Rs.580.75 crore a year ago. Gross non-performing assets almost doubled from a year ago to Rs.25, 107.47 crore at the end of June."/>
BRIEF: Central Bank of India posts Rs600 crore loss in Q1 [Mint, New Delhi]
Prestige Estates Projects Ltd, India's third-largest developer by market value, has formed a committee to explore an exercise of restructuring the businesses of the group, the developer informed the BSE on Friday morning. A board meeting on 12 August discussed the merits and business case for exploring a restructuring exercise of the business of the Prestige Group along streamlined verticals, namely office, residential,..."/>
BRIEF: Prestige Estates to explore business restructuring [Mint, New Delhi]
Bank of India Ltd on Friday reported a net loss of Rs.741.36 crore in the June quarter against a profit of Rs.129.72 a year ago. As a result, Bank of India's provisions increased to Rs.2, 770.19 crore this quarter compared to Rs.5, 470.36 crore last quarter and Rs.1, 514.73 crore a year ago. Provision coverage ratio stood at 53.06% for the quarter ended in June."/>
Bank of India posts Q1 loss of Rs741 crore on stressed assets [Mint, New Delhi]
Unitech Ltd to furnish details of those interested in seeking refund from the builder. During the hearing, Unitech informed the court that it did not have funds to pay back the purchasers. "I don't have the money," said senior advocate Abhishek Manu Singhvi, adding that if they had the money, they would have completed the project."/>
BRIEF: SC asks list of flatbuyers seeking refund from Unitech [Mint, New Delhi]
FirstMerit Corp., Royal Bank of Canada, First Republic Bank, and The Bank of Nova Scotia."/>
How These Money Center Banks Stocks are Faring? -- FirstMerit, Royal Bank of Canada, First Republic Bank, and Bank of Nova Scotia
Syncora Holdings Ltd. and its wholly owned subsidiary, Syncora Holdings US Inc., announced today that SHI completed its previously announced restructuring transactions, including the private exchange offers for Syncora Guarantee Inc.' s outstanding 6% Surplus Notes due 2024 and SGI's outstanding 5% Surplus Notes due 2011 and variation of rights attached to SHL's outstanding Fixed/Floating Series A Perpetual Non-Cumulative..."/>
Syncora Holdings Ltd. and Syncora Holdings US Inc. Announce Successful Completion of Comprehensive Restructuring Transactions
Card Factory, whose shares plunged yesterday on a lacklustre trading update. Growth at the card and gift retailer has been flat as high street footfall suffers. In a trading update the firm said sales growth in the first half of the year was just 0.2 pc."/>
Daily Mail, London, market report column [Daily Mail, London]

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