Industry News

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.]
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 is at stake in shareholder vote on merger [The Buffalo News, N.Y.]
Zoo opens new bald eagle exhibit [Victoria Advocate, Texas]
ICICI Bank Ltd on Friday raised Rs1, 635.33 crore by selling shares in its life insurance arm as part of the Rs6, 056 crore initial public offering beginning next week, the company said in a stock exchange filing. India's largest private sector bank sold 48.96 million ICICI Prudential Life shares to institutional investors. The sale took place at Rs334 per share, the upper end of the Rs300-334 price band for the IPO, as per the filing."/>
ICICI Bank raises Rs1,635 cr selling ICICI Pru Life's shares in pre-IPO allotment [Mint, New Delhi]
Axis Bank Ltd will buy a 13.67% stake in Asset Care and Reconstruction Enterprise Ltd paying Rs22.72 crore, the private sector lender said in a stock exchange notice. Axis Bank is buying the stake from IFCI Ltd, which is partly divesting its 19.34% stake in the asset reconstruction company. IFCI has been exiting some of its non-core assets to raise capital."/>
Axis Bank buys 13.67% in Asset Care and Reconstruction Enterprise [Mint, New Delhi]
Zoo opens new bald eagle exhibit [Victoria Advocate, Texas]

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