Industry News

Macy's announced plans Thursday to close about 100 stores nationwide as it struggles to define itself amid changing shopping patterns, but a retail analyst who follows the Valley predicts the chain's 40- year anchor at Lehigh Valley Mall likely will be spared in the consolidation. The closures represent close to 14 percent of the chain's 728 stores nationwide. It follows Macy's move to shutter 40 stores in the spring and comes as the company reported..."/>
Will Lehigh Valley Mall Macy's survive closure threat? [The Morning Call (Allentown, Pa.)]
General Cannabis Corporation, the all-in-one resource to the regulated cannabis industry, today reported revenues for the three months ended June 30, 2016 of $701,942, a 64% increase over the $427,202 in revenues for the same period in 2015.. General Cannabis’ total revenues in the first half of 2016 were $1,394,054, compared with $484,059 in the same period last year. This represents a 188.0% increase."/>
General Cannabis Announces 2016 Second Quarter Results
Wheeler Real Estate Investment Trust, Inc., a company specializing in owning, acquiring, financing, developing, renovating, leasing and managing income producing assets, such as community centers, neighborhood centers, strip centers and free-standing retail properties, today announced that it has reduced the balance remaining on the Company’ s revolving credit line with KeyBank National Association to approximately $46.1 million from $67.2..."/>
Wheeler Real Estate Investment Trust, Inc. Lowers Debt With Partial Repayment of Credit Facility
Equinix, Inc., the global interconnection and data center company, today announced that Jim Poole, Equinix vice president of business development, will be participating in a keynote panel discussion at the upcoming Channel Partners Evolution event. Taking place August 14-17, in Washington, D.C., Channel Partners Evolution is a leading conference for the technology services community, and focuses primarily on the evolution of..."/>
MEDIA ALERT: Equinix to Participate in Keynote at the Channel Partners Evolution Conference
InnVest Real Estate Investment Trust; announced today its operating and financial results for the three and six months ended June 30, 2016.. Entered into an arrangement agreement pursuant to which Bluesky Hotels and Resorts Inc., will acquire all the issued and outstanding units of InnVest for $7.25 in cash per unit, pursuant to a court-approved plan of arrangement. Closing is anticipated on or about August 18, 2016; Announced the acquisition of the..."/>
InnVest REIT Reports Results for Second Quarter 2016
German American Bancorp, Inc., headquartered in Jasper, IN, with 51 offices throughout the southern Indiana region, has received national recognition for its 2015 financial performance including Bank Director’ s Bank Performance Scorecard, S&P Global Market Intelligence 100 top-performing banks, KBW Bank Honor Roll, Raymond James Community Bankers Cup, and American Banker’ s annual ranking of top community banks.. Bank Director Magazine awarded German..."/>
German American Bancorp, Inc. (GABC) receives multiple national recognitions for financial performance
Brookfield Asset Management Inc. today announced financial results for the quarter ended June 30, 2016.. Bruce Flatt, CEO of Brookfield, stated, "Our diversified real asset strategies are performing well and we continue to see growing demand from investors, as evidenced by the closing on a record $27 billion of capital for our most recent series of flagship funds. We deployed $16 billion of capital during the last twelve months, and we expect to see..."/>
Brookfield Asset Management Reports Second Quarter 2016 Results
Pebblebrook Hotel Trust today provided notice to the record holders of the Company’ s 8.00% Series B Cumulative Redeemable Preferred Shares of the redemption of all 3,400,000 of the issued and outstanding Series B Preferred Shares. The cash redemption amount for each Series B Preferred Share is $25.00, plus accrued and unpaid dividends to, but not including, the redemption date of September 21, 2016. On the Redemption Date, dividends on the Series B Preferred..."/>
Pebblebrook Hotel Trust Announces the Redemption of 8.00% Series B Cumulative Redeemable Preferred Shares
Sprott Inc. today announced its financial results for the three months ended June 30, 2016.. Assets Under Management were $9.8 billion as at June 30, 2016, compared to $7.8 billion as at June 30, 2015 and $8.8 billion as at March 31, 2016 Total revenues were $48.9 million, reflecting an increase of $20.5 million from the three months ended June 30, 2015 Total expenses were $28.9 million, reflecting an increase of $8.7 million from the three months ended June..."/>
Sprott Inc. Announces 2016 Second Quarter Results
Amaya Inc. today announced the appointment of a Chief Executive Officer, reported financial results for the second quarter ended June 30, 2016 and provided a third quarter 2016 update. Unless otherwise noted, all dollar amounts are in U.S. dollars. Appointment of Chief Executive Officer."/>
Amaya Reports Second Quarter 2016 Results; Appoints Chief Executive Officer
Middlefield Banc Corp authorised a quarterly cash dividend of USD0.27 per share on the company's common stock, it declared on Friday. This dividend will be paid on 15 September 2016 to shareholders of record on 2 September 2016.. A bank holding company, Middlefield Banc has total assets of USD760.1m at 30 June 2016."/>
Middlefield Banc declares dividend of USD0.27 per share for quarter
W. R. Berkley Corporation on Thursday stated that it has completed the earlier disclosed sale of a wholly-owned investment, Aero Precision Industries and certain related aviation services businesses. According to the company, it realised a pre-tax gain of approximately USD130m on the sale, as expected. W. R. Berkley Corporation operates worldwide in two segments of the property casualty business, Insurance and Reinsurance."/>
W. R. Berkley Corporation sells wholly-owned investment for pre-tax gain of about USD130m
United Insurance Holdings Corp on Friday revealed that Scott St John will join as its chief claims officer, as of 22 August 2016.. St John in this role will be in charge of directing and leading all aspects of the company's claims operations. With over 25 years of industry-related experience, St John has spent more than 15 years at Fortune 100 companies that specialise in property and casualty insurance."/>
United Insurance names Scott St John as chief claims officer
Kite Realty Group Trust authorised a common stock cash distribution of USD0.2875 per share for the quarter ended 30 September 2016, the company reported on Friday. All shareholders of record as of 6 October 2016 will be paid the distribution on or about 13 October 2016.. A full-service, vertically integrated real estate investment trust, Kite Realty owns, operates, manages, leases, acquires, constructs, redevelops and develops neighbourhood and..."/>
Kite Realty declares USD0.2875 per share quarterly dividend
Macy's Inc. said Thursday it would shutter 100 stores, sending a jolt through shopping center operators such as Indianapolis-based Simon Property Group Inc. Shares of Simon tumbled 2 percent to $214.55. Macy's latest store-closing plan amounts to 15 percent of the chain's 675 department stores."/>
Macy's closings to leave prime vacancies for Simon, other mall owners [The Indianapolis Star]
Blackstone Announces Third Quarter 2016 Media Call
CVB Financial Corp approved an increase in the company's common stock repurchase programme by 10,000,000 shares, or about 9.3% of the outstanding shares, it disclosed on Friday. Also, the company said that under this repurchase programme, it has repurchased an estimated 2.58 m shares for about USD22.6m and as of 30 June 2016, 7.42 m shares remained available for repurchase. Further, the company entered into a Rule 10 b5-1 repurchase plan under the stock..."/>
CVB Financial authorises higher share buy back to 10m or 9.3% of its outstnding shares
Chubb Limited revealed on Thursday that its board of directors approved a quarterly dividend of USD0.69 per share. This dividend will be paid on 21 October 2016 to shareholders of record at the close of business on 30 September 2016. Also, the company said that these payments will be made in USD by its transfer agent and will be the second instalment, as approved by its shareholders on 19 May 2016.."/>
Chubb Limited's board approves dividend of USD0.69 per share for quarter
United Community Bancorp approved a quarterly cash dividend of USD0.06 per share, the company revealed on Thursday. This dividend will be paid on or about 12 September 2016 to stockholders of record as of the close of business on 26 August 2016.. United Community Bancorp is the parent of United Community Bank that provides various banking products and services through its eight offices in Dearborn County and Ripley County, Indiana."/>
United Community Bancorp declares dividend of USD0.06 per share for quarter

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