Industry News

SABMiller by rival Anheuser-Busch InBev has been thrown into doubt after the fall in sterling caused a row with an activist investor. Sterling is down more than 10 pc against the dollar since the deal was struck and shareholders are unhappy that they are not getting value for money from the largest ever UK takeover. Earlier this week chairman Jan du Plessis said the board will review the deal once all regulatory approvals have been..."/>
Daily Mail, London, business briefs column [Daily Mail, London]
Ameriprise Financial, fell 57 percent to $41.8 million, because he only exercised $18.1 million in stock options. In the previous two years, he made a total of $150 million by cashing in long-held options."/>
Total compensation for Minnesota public company leaders declines 19 percent [Star Tribune (Minneapolis)]
Ameriprise Financial in Dixon, has qualified for the company's Circle of Success annual recognition program. According to the news release, Novak established himself as one of the company's top advisers by consistently demonstrating exceptional commitment to financial planning and superior client service. Only a select number of high-performing advisers earn this distinction."/>
BRIEF: Adviser nabs high honors [Daily Gazette, Sterling, Ill.]
Hershey Co. chocolate giant faces a challenging future, analysts say. While the central Pennsylvania company has been developing new product lines, its "category has been declining with the changing tastes of millennials," said Jack Russo, senior consumer staples analyst with Edward Jones. "Snacking is taking a different form, more protein"-- energy..."/>
Why Hershey's chocolate company is facing a historic test [The Philadelphia Inquirer]
Hershey Co. chocolate giant faces a challenging future, analysts say. While the central Pennsylvania company has been developing new product lines, its "category has been declining with the changing tastes of millennials," said Jack Russo, senior consumer staples analyst with Edward Jones. "Snacking is taking a different form, more protein"-- energy..."/>
Why Hershey's chocolate company is facing an historic test [The Philadelphia Inquirer]
Farmers facing defaults [Bangkok Post, Thailand]
TMB rides digital wave [Bangkok Post, Thailand]
Progressive Corp. asking her to justify the company's attempts to raise auto insurance premiums for seniors in Maine. "I was greatly concerned to learn that Progressive... has been seeking approval to indiscriminately charge higher automobile insurance premiums based solely on when existing policyholders reach certain ages," the Maine Republican begins her letter to Tricia Griffith, Progressive's top executive."/>
Susan Collins wants Progressive to justify bid to raise Maine seniors' auto insurance rates [Portland Press Herald, Maine]
UBS Group AG expects to touch $48-60 billion by 2020 and Morgan Stanley sees at $120..."/>
10 new VC investors who are upbeat on Indian start-ups [Mint, New Delhi]
Axis Bank Ltd on Friday reported a 21.4% drop in its net profit owing to higher provisions against bad loans. The private sector lender missed analyst estimates and reported a net profit of Rs.1, 555.53 crore as compared with Rs.1, 978.44 crore a year ago. According to 27 Bloomberg analysts, the bank was expected to post a net profit of Rs.2, 010.70 crore."/>
Axis Bank Q1 profit falls 21.38% to Rs1,555.53 crore as provisions jump [Mint, New Delhi]
Consolidated-Tomoka Land Co.."/>
6,900 homes now planned for Daytona's Minto development [The News-Journal, Daytona Beach, Fla.]
Pandora Media these days and you might hear the executives singing the old Smokey Robinson and The Miracles classic "Shop Around." Because what's being shopped around might be Pandora itself. Pandora reportedly spoke with Apple and Amazon about a possible acquisition earlier this year, and also entertained a $3.4 billion offer from Liberty Media, according to a report in The Wall Street Journal."/>
Pandora may be singing 'Shop Around' [Mercury News]
Pandora Media these days and you might hear the executives singing the old Smokey Robinson and The Miracles classic "Shop Around." Because what's being shopped around might be Pandora itself. Pandora reportedly spoke with Apple and Amazon about a possible acquisition earlier this year, and also entertained a $3.4 billion offer from Liberty Media, according to a report in The Wall Street Journal."/>
Pandora may be singing 'Shop Around' [East Bay Times]
Allstate Insurance Co. agency owners in Mentor have been designated for operating Allstate Premier Agencies for 2016.. Those agency owners honored are Scott McKown whose office is located at 8540 Tyler Blvd., and Sally Wilson, whose office is located at 8518 Mentor Ave., Suite G. The Allstate Premier Agency designation is bestowed upon 32 percent of Allstate's nearly 10,000 agency owners across the country."/>
BRIEF: Allstate Insurance honors two agency owners in Mentor for operating Premier Agencies [The News-Herald, Willoughby, Ohio]
HMN Financial, Inc. Announces Second Quarter Results
Amazon.com announced Thursday it will hire more than 500 full-time workers and open a second fulfillment center in the Lehigh Valley, this time in a burgeoning business park off the new Route 33 interchange. Already a massive presence in the Lehigh Valley, Amazon plans to open a 1.1 million-square-foot warehouse in the 800- acre Chrin Commerce Centre in Palmer Township, essentially doubling its distribution capacity in the..."/>
Amazon to hire 500 for second Lehigh Valley warehouse [The Morning Call (Allentown, Pa.)]
Columbia Banking System spokeswoman JoAnne Coy said."/>
BRIEF: Columbia Bank closes Canyon Rim Branch [The Times-News, Twin Falls, Idaho]
Highwoods Properties, former owner of Kansas City's Country Club Plaza shopping district, has sold two of the four Plaza area office buildings that weren't included in the retail center's sale. The real estate services company CBRE Group Inc. said Friday that the building at 801 W. 47th St. was sold to Price Brothers Development Co., an entity that already owns adjacent property. Highwoods' former building at 4600 Madison Ave. was sold to Stanton Road Capital LLC, the..."/>
Highwoods sells two of its remaining Kansas City properties [The Kansas City Star]

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