Industry News

DLF Ltd and Parsvnath Developers Ltd to compensate two sets of home buyers who were not delivered their flats yet. A bench comprising of justices Dipak Misra and C. Nagappan asked both companies to pay compensation as ordered by the National Consumer Disputes Redressal Commission with certain modifications. Around 50 petitioners who bought flats in DLF's The Valley project in Panchkula, Haryana had..."/>
SC tells DLF, Parsvnath to pay compensation to home buyers for delay [Mint, New Delhi]
BB&T Corp. announced in May it was cutting 87 mostly administrative jobs at its Two City Center offices, the former headquarters of Allentown's National Penn Bancshares Inc., a spokesman said the bank did not expect to make any additional announcements about more cuts. The bank also did not volunteer anything about new jobs, either. BB&T regional President Dave Kennedy said Friday he hopes to recoup those 87 jobs by year's end."/>
BB&T working to restore Allentown jobs, regional president says [The Morning Call (Allentown, Pa.)]
East Bay Times Michelle Quinn column [East Bay Times]
GEO Group, Inc.. Investors who purchased or otherwise acquired shares between March 1, 2012 and August 17, 2016 are encouraged to contact the Firm in advance of the October 24, 2016 lead plaintiff motion deadline. If you are a shareholder who suffered a loss during the Class Period, click here to participate."/>
INVESTOR ALERT: Goldberg Law PC Announces Securities Class Action Lawsuit against The GEO Group, Inc. and Encourages Investors with Losses to Contact the Firm
Starbucks with a treat receipt. Also, Publix is offering a coupon for $10 off gas cards, which will come in handy for Labor Day road trips."/>
Freebie Friday: Free eats at Smashburger and Dairy Queen, cheap cold drinks at Starbucks [Sun Sentinel]
Macy's store at the Mall of New Hampshire and a Bloomingdale's outlet in Merrimack are on a list of 28 store locations "most at risk of closing," according to a statistical rating organization. Morningstar Credit Ratings identified 28 Macy's- owned locations that reported below-average tenant sales after the retailer said it planned to close around 100 stores starting next year because of slower traffic. Morningstar's analysis showed the Manchester store sales..."/>
Two NH stores on Macy's 'at risk' list [The New Hampshire Union Leader, Manchester]
United Development Funding IV has not filed with the U.S. Securities and Exchange Commission its Annual Report on Form 10- K for the fiscal year ended December 31, 2015 or its Quarterly Report on Form 10- Q for the first quarter of fiscal 2016. The Trust also has not filed its Quarterly Report on Form 10- Q for the quarter ended June 30, 2016."/>
United Development Funding IV Receives Additional NASDAQ Notice
John Hancock Closed-End Funds Release Earnings Data
Suffolk Bancorp in the Supreme Court for the State of New York, County of Suffolk. The complaint is brought on behalf of shareholders of Suffolk for alleged breaches of fiduciary duties in connection with the acquisition of the company by People's United Financial, Inc.. The complaint alleges that Suffolk officials breached their fiduciary..."/>
Robbins Arroyo LLP: A Class Action Lawsuit Has Been Filed Against Suffolk Bancorp (SCNB)
East Bay Times Michelle Quinn column [East Bay Times]
Citizens Holding Company Announces Cash Dividend
WesBanco, Inc., a multi-state bank holding company with total assets of approximately $8.4 billion, announced today that its Board of Directors has declared a quarterly cash dividend of $0.24 per share to be paid to its holders of common stock. The dividend will be payable on October 1, 2016 to shareholders of record on September 14, 2016, and represents an annualized cash dividend rate of $0.96 per common share. Founded in 1870, WesBanco,..."/>
WesBanco Declares Quarterly Cash Dividend to Its Shareholders
Ocwen Financial Corp. over unlicensed activities. The West Palm Beach, Florida-based company's servicing subsidiary, Ocwen Loan Servicing LLC, is licensed as a servicer in the state of Washington. But Ocwen has reportedly been utilizing two offshore affiliates that were note licensed to handle some of its mortgage servicing in the Evergreen State."/>
Ocwen Settles Allegations of Unlicensed Servicing [Mortgage Daily]
PHH Losing More Subservicing Business [Mortgage Daily]
SABMiller in October. Belgium-based A-B InBev, the world's largest brewer with about 150,000 employees globally, announced the planned job cuts Friday as it gave an update on its $100 billion-plus deal to buy SABMiller. SABMiller, which is based in London, has 70,000 employees currently but is paring its European and other assets for..."/>
A-B InBev to cut thousands of jobs after SABMiller deal [St. Louis Post-Dispatch]
GEO Group, Inc.. Investors who purchased or otherwise acquired shares between March 1, 2012 and August 17, 2016 inclusive, are encouraged to contact the Firm prior to the October 24, 2016 lead plaintiff motion deadline.. If you purchased shares of GEO during the Class Period, please contact Joon M. Khang, Esquire, of Khang& Khang, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone:..."/>
IMPORTANT INVESTOR ALERT: Khang & Khang LLP Announces Securities Class Action Lawsuit against The GEO Group, Inc. and Encourages Investors with Losses to Contact the Firm

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