Industry News

S&P Global today announced that Steve Kemps has joined the Company as Executive Vice President, General Counsel. He will report to Douglas L. Peterson, President and CEO of S&P Global and serve on the Company's Operating Committee. "As we continue to uphold the high standards set for our company, Steve's 25 years of corporate legal expertise make him an essential addition to the team," said Mr."/>
S&P Global Appoints Steve Kemps as Executive Vice President, General Counsel
CIT Group Inc., cit.com, a leading provider of commercial lending and leasing services, today announced the appointment of James J. Duffy as Executive Vice President and Chief Human Resources Officer, effective immediately. Duffy, who previously held the role of Global Head of Human Resources at CIT prior to leaving in 2010, will serve on the company’ s Executive Management Committee and..."/>
CIT Appoints James J. Duffy as Executive Vice President and Chief Human Resources Officer
Weingarten Realty Investors announced today its third quarter 2016 earnings will be released after the market closes on Thursday, October 27, 2016. Senior Management will host a quarterly earnings conference call on Friday, October 28, 2016 at 10:00 a.m. Central Time. This call will be webcast live at www.weingarten.com and can be accessed under the Investor Relations tab of the Company’ s website."/>
Weingarten Realty Investors Announces Third Quarter 2016 Earnings Release and Conference Call Dates
United Bankshares Inc approved a third quarter dividend of USD0.33 per share, the company reported on Tuesday. All shareholders of record as of 9 September 2016 will be paid the dividend on 3 October 2016. Also, the company stated that it has increased its dividend to shareholders for 42 consecutive years."/>
United Bankshares announces USD0.33 per share Q3 2016 dividend
Regional Management Corp on Tuesday amended its senior revolving credit facility agreement and the committed line has increased to USD585m and the maturity date has been extended to August 2019.. Further, the company said that the upper limit of the accordion feature of the credit facility has also been increased by another USD50m to USD650m. Other borrowing terms under the facility such as the cost of funds, remain largely unchanged, the company said and added that each lender..."/>
Regional Management amends its senior revolving credit facility to USD585m
China Everbright Limited announced today, in partnership with Focus Media Information Technology Co Ltd, to kick-off the establishment for a "New Industry Investment Fund" with a total committed capital of RMB5 billion, of which the initial fundraising scale is estimated to be RMB2 billion. With a premier position in China's cross-border asset management industry, CEL has moved swiftly to position itself in the TMT sector this year. Led by its Super Project..."/>
China Everbright Limited and Focus Media Join Forces to Set Up a RMB5 Billion "New Industry Investment Fund"
RLJ Lodging Trust, Pebblebrook Hotel Trust, Apple Hospitality REIT Inc., and Ashford Hospitality Trust Inc.. These companies belong to the Financial sector which was the best gainer among S&P 500 sectors on Monday, August 29, 2016."/>
REIT Stocks Technical Reports -- RLJ Lodging Trust, Pebblebrook Hotel Trust, Apple Hospitality REIT, and Ashford Hospitality Trust
Safeguard Scientifics, Inc. today announced that Scott A. Snyder, Ph.D. has joined the company as Senior Vice President, Managing Director, and Chief Technology and Innovation Officer. Snyder is a recognized thought leader and has more than 25 years of experience in business leadership, strategic planning and technology management for Fortune 500 companies and startup ventures. "More than ever, technology is eliciting dramatic shifts in market..."/>
Safeguard Scientifics Names Scott A. Snyder, Ph.D. Chief Technology And Innovation Officer
Allstate Insurance Company is once again teaming up with college football analyst Kirk Herbstreit to provide passionate college football fans the validation they are looking for with the return of# StreitCred. Throughout the regular college football season, each week@ KirkHerbstreit and@ Allstate will announce on social media the winning recipient of# StreitCred, giving schools and fans the ultimate badge of honor and bragging rights."/>
Allstate Teams Up with Kirk Herbstreit to Award #StreitCred to College Football Teams for Exceptional Performances
Equinix, Inc., the global interconnection and data center company, today announced that Telnyx, a leading provider of wholesale VoIP services, has partnered with Equinix to expand Telnyx's high-performance VoIP platform to Europe and Asia. By deploying an Interconnection Oriented Architecture TM with Equinix Performance Hub™ at the core, Telnyx is able to rapidly expand its network into Europe and Asia while dramatically improving..."/>
Telnyx Turns to Equinix for Global Expansion of Next Generation VoIP Service
Pacific Mercantile Bancorp, today announced that it has extended a line of credit to PriceSpider to help finance the company’ s continued growth. In addition to the line of credit, PriceSpider will utilize a customized suite of cash management products including Pacific Mercantile Bank’ s corporate credit card and merchant services.. Based in Irvine, PriceSpider is a retail SaaS technology..."/>
Pacific Mercantile Bank Provides Financing to PriceSpider
IF Bancorp Inc on Tuesday reported a net income of USD1.1m or USD0.29 per basic and diluted share for the fourth quarter ended 30 June 2016, up compared to the net income of USD790, 000 or USD0.20 per basic and diluted share for the same period of 2015.. Net interest income for the fourth quarter was USD4.4m, up from the net interest income of USD4m in the 2015 fourth quarter. Non-interest income was USD1.03m, an increase from the non-interest income of USD920, 000 in the last quarter of..."/>
IF Bancorp reports increased net income for Q4 2016 year over year
Colony Starwood Homes has closed the sale of a portfolio of 1,675 non-performing loans for a total sale price of USD265m, to an affiliate of Starwood Capital Group, the company declared on Tuesday. With this sale, the company said that it has almost exited the NPL business as per its strategic plan and its book value for the NPLs included in this was about USD259m, as of 30 June 2016. Also, the sale was completed after the joint venture between the company and Prime Asset Fund VI LLC,..."/>
Colony Starwood Homes closes sale portfolio of NPL for USD265m
Morgan Stanley, The Charles Schwab Corp., The Goldman Sachs Group Inc., and E* TRADE Financial Corp.. These companies belong in the Financial sector which ended sharply higher on Monday, August 29, 2016."/>
Investment Brokerage Stocks Under Review -- Morgan Stanley, Charles Schwab, Goldman Sachs, and E*TRADE Financial
Jernigan Capital Inc closed a development investment worth USD11m in Northglenn, Colorado, a sub-market in the Denver MSA, it revealed on Tuesday. Also, this multi-story 879 unit facility with 86,657 net sq ft of area that can be rented, will provide state-of-the-art, all climate-controlled storage to a high-income under-served area of suburban Denver, the company said. The company stated that the investment was made through its USD122.2m joint venture with Heitman Capital..."/>
Jernigan Capital closes USD11m development investment in Denver MSA
CoreSite Realty Corporation, a premier provider of secure, reliable, high-performance data center and interconnection solutions across the U.S., today announced it has successfully completed the following annual examinations for the colocation services offered across its platform of 16 operating multi-tenant data centers:. Service Organization Control 2 Type 2 Statement on Standards for Attestation Engagements No. 16 Type 2 International Organization for..."/>
CoreSite Realty Corporation Successfully Completes Annual Compliance Objectives for Its Data Center Colocation Services
QC Holdings, Inc. reported a net loss of $4.3 million and revenues of $29.2 million for the second quarter ended June 30, 2016. For the six months ended June 30, 2016, net loss totaled $3.1 million and revenues were $60.9 million. The three months and six months ended June 30, 2016 include a charge of $2.7 million in connection with recording a loan loss reserve for a business-to-business receivable.."/>
QC Holdings, Inc. Reports Second Quarter 2016 Results, Store Swap Transaction and Election of Board Members

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