Industry News

Liberty Property Trust is under agreement to sell much of its holdings in the Great Valley Corporate Center, the pioneering Chester County business park that transformed Malvern and made the developer into a major regional office landlord. The company is selling 26 Great Valley properties, accounting for over a million square feet of office and light-industrial space, to Horsham-based Workspace Property Trust, Liberty announced Monday. The properties are part of a..."/>
Liberty Property Trust to sell most Great Valley Corporate Center holdings in milestone for company [The Philadelphia Inquirer]
Bank of Baroda, Rs.3 crore on Punjab National Bank and Rs.2 crore on HDFC Bank. The penalties were levied for "weaknesses and failures in internal control mechanisms in respect of certain AML provisions such as monitoring of transactions, timely reporting to FIU, and assigning of UCIC..."/>
RBI penalizes three banks in forex scam [Mint, New Delhi]
ITC Ltd, Larsen and Toubro Ltd and Axis Bank Ltd in the first phase of divesting minority stakes it owns in 51 companies. The government, which detailed the sale strategy on Monday, also eased a conflict-of-interest clause for investment bankers to attract more bankers to the proposed sale. SUUTI, an offshoot of the erstwhile state-run investment firm Unit Trust of India, has shares in 43..."/>
SUUTI to pare Axis Bank, ITC, L&T stakes in first phase [Mint, New Delhi]
Vedanta Ltd to Cairn India Ltd shareholders is still a negative for them, believe analysts, but enough to help the merger sail through. "We do see some risk that the proposed merger may increase the uncertainty over the long-term growth outlook for Cairn India's exploration and production business, which would then have to compete with the other businesses of Vedanta for capital," said Goldman Sachs in its report dated 25 July."/>
Cairn's loss is Vedanta's gain in sweetened merger deal [Mint, New Delhi]
Triangle Capital plans to raise additional cash to invest in mid-sized businesses by selling 6.25 million shares of common stock in a secondary offering. The Raleigh company, which announced the offering after the markets closed on Monday, hasn't yet priced the shares. Earlier Monday, its shares closed at $20.52, down 3 cents."/>
BRIEF: Raleigh's Triangle Capital plans to sell 6 million shares [The News & Observer (Raleigh, N.C.)]
First Republic Bank sued Hambrecht Wine Group, owned by investor Bill Hambrecht, for failing to pay the required payments on a $7.8 million loan for the property,..."/>
Napa-based Huneeus Vintners to buy VML Winery in Healdsburg [The Press Democrat, Santa Rosa, Calif.]
Apple delivers its next business update Tuesday, there's a sense that just hanging in there might be enough to call the last three months a success. That's saying something, especially when talking about the world's most valuable company in terms of market capitalization-- and which reported $50.6 billion in sales during the first three months of the year. "Expectations are low for iPhone and the overall business," Piper Jaffray analyst Gene Munster said in a..."/>
Apple's best hope may be to hold steady as iPhone sales weaken [East Bay Times]
McDonald's rebound to slow? Analysts are predicting that the world's largest burger chain, which has enjoyed earnings growth and larger-than-expected sales in recent quarters, will report Tuesday morning that growth slowed in the second quarter. That's due to a mix of factors both within and outside of the Golden Arches."/>
After record run, analysts expect McDonald's to report slower sales [Chicago Tribune]
EverBank Financial Corp. may be working on a deal to sell the company, according to a Bloomberg financial news report Monday. Company officials declined to even discuss the possibility of a sale. Bloomberg reported Monday morning that the largest bank in the state of Florida is angling to sell the company."/>
Report: Jacksonville-based EverBank may be up for sale; company officials mum [The Florida Times-Union, Jacksonville]
Apple delivers its next business update Tuesday, there's a sense that just hanging in there might be enough to call the last three months a success. That's saying something, especially when talking about the world's most valuable company in terms of market capitalization-- and which reported $50.6 billion in sales during the first three months of the year. "Expectations are low for iPhone and the overall business," Piper Jaffray analyst Gene Munster said in a..."/>
Apple's best hope may be to hold steady as iPhone sales weaken [Mercury News]
Farmers Capital Bank Corporation announced today that its Board of Directors approved a quarterly cash dividend on the Company’ s common stock of $0.07 per share. The quarterly $0.07 per share dividend represents an annualized yield of 0.95% based on the closing price of $29.57 on July 22, 2016. The dividend is payable on October 1, 2016 to shareholders of record at the close of business on September 1, 2016."/>
Farmers Capital Bank Corporation Announces Common Dividend
Omega Healthcare Investors, Inc. today announced that it is scheduled to release its earnings results for the quarter ended June 30, 2016, on Tuesday, August 2, 2016, after market close. In conjunction with its release, Omega will be conducting a conference call on Wednesday, August 3, 2016 at 10 a.m. Eastern Time to review its 2016 second quarter results and current developments."/>
Omega Announces Release Date of Second Quarter Earnings and Conference Call
First National Bank Alaska’ s net income for second quarter was $10.1 million or $31.93 per share. This compares to $9.1 million or $28.41 per share for the same quarter in 2015. Net interest and loan fee income, after provision for loan losses, increased 6.4% on volume growth and yield improvements in earning assets."/>
First National Bank Alaska Releases Unaudited Results for 2nd Quarter 2016
Cohen & Steers Funds Quarterly Data Now Available
Northwest Bancshares is preparing to wrap up its big branch deal in the Buffalo Niagara region. The Pennsylvania-based bank expects to finish acquiring 18 First Niagara Financial Group branches for about $78.2 million before the end of the current quarter. The branches have deposits of $1.7 billion and loans of about $511 million, and with the new locations will come 185 additional employees and 70,000 customers."/>
Northwest closing in on buying 18 branches [The Buffalo News, N.Y.]
RE/MAX LLC is eager to bring new resources and more dollars to bear in support of their only local franchise,..."/>
RE/MAX aiming to make big push into Western New York real estate market [The Buffalo News, N.Y.]

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