Industry News

Ellie Mae, a leading provider of innovative on-demand software solutions and services for the residential mortgage industry, announced today an enhanced integration with First American Title Insurance Company, one of the largest title insurers in the nation, to enable rate and fee quoting, title and settlement ordering, and collaboration on Closing Disclosure Forms directly from Ellie Mae's Encompass, all-in-one mortgage management solution."/>
Ellie Mae Expands Integration with First American Title Insurance Company to Streamline Title and Closing Experience
CNO Financial Group Inc on Tuesday reported that for the second quarter of 2016, it achieved net income of USD59.9m or USD0.33 per diluted share, up from the net income of USD46.8m or USD0.24 per diluted share in the second quarter of 2015.. The company's total revenues for the second quarter amounted to USD1.0bn, increased from the total revenues of USD959.5m in the same quarter last year. Through its subsidiaries, CNO develops, markets and administers health insurance, annuity,..."/>
CNO Financial reports higher net income in Q2 2016 year over year
Associated Banc-Corp revealed on Tuesday that its board of directors authorised a regular quarterly cash dividend of USD0.11 per share on the company's common stock. All shareholders of record at the close of business on 1 September 2016 will receive the dividend payment on 15 September 2016.. Additionally, the board declared a regular quarterly cash dividend of USD0.50 and USD0.3828125 per depositary share on the company's 8.00% series B and 6.125% series C perpetual..."/>
Associated Banc-Corp declares common and preferred stock dividends for quarter
Yes Bank Ltd on Wednesday said its net profit for the first quarter rose 32.76% from a year ago due to higher net interest income and other income. Net profit for the quarter stood at Rs.731.80 crore as compared to Rs.551.20 crore a year ago. According to a poll of 21 Bloomberg analysts, the bank was expected to post a net profit of Rs.700.40 crore."/>
Yes Bank Q1 profit rises 32% to Rs731 crore [Mint, New Delhi]
Yes Bank Ltd on Wednesday said it has got an in-principle approval from capital markets regulator Securities and Exchange Board of India or Sebi to get into the asset management and mutual funds business in India. "Yes Bank receives in-principle approval from Sebi for setting up of Mutual Fund, Asset Management and Trustee Co," the bank said in a filing on stock exchanges. In October 2015, the Reserve Bank of India had given a go-ahead to Yes Bank..."/>
Yes Bank gets Sebi nod to start AMC business [Mint, New Delhi]
Ellie Mae, a leading provider of innovative on-demand software solutions and services for the residential mortgage industry, announced today an enhanced integration with First American Title Insurance Company, one of the largest title insurers in the nation, to enable rate and fee quoting, title and settlement ordering, and collaboration on Closing Disclosure Forms directly from Ellie Mae's Encompass, all-in-one mortgage management solution."/>
Ellie Mae Expands Integration with First American Title Insurance Company to Streamline Title and Closing Experience
Legg Mason Inc. CEO Joseph Sullivan told shareholders Tuesday that he was disappointed in the Baltimore money management firm's performance in its 2016 fiscal year, but that he has "greater conviction than ever" about the firm's long-term strategy. Legg reported a loss of $25 million in its fiscal 2016, which ended March 31, down from a profit of $237.1 million the year before. The firm will release the results of its first quarter of fiscal 2017 on Wednesday."/>
Legg Mason CEO sees opportunity in market disruption [The Baltimore Sun]
T. Rowe Price Group fell more than 4 percent in Tuesday trading after the Baltimore money management firm reported second-quarter earnings that missed analyst expectations. Not only were results depressed by a one-time charge to make right with investors affected by the firm's botched Dell vote in 2013, but its revenue slipped on reduced fees from investment advising. T. Rowe Price reported that it earned $195.3 million, a 41 percent drop from the $333.2..."/>
T. Rowe Price shares slide on disappointing earnings [The Baltimore Sun]
Mint, New Delhi, Monika Halan column [Mint, New Delhi]
IRB Infrastructure Developers Ltd and Sterlite Power Grid are gearing up to list their Infrastructure Investment Trusts, and one of them will be the first in India to do so, according to three people aware of the development. Toll road developer IRB is looking to file its so-called draft red herring prospectus for its InvIT as early as around the middle of August, said one of the three people cited above. InvITs are trusts that manage income-generating..."/>
Sterlite?Power,?IRB Infrastructure inch closer to InvIT launches [Mint, New Delhi]
Adani Transmission Ltd. The firm plans to raise about $400 million through a dollar bond issue and has mandated seven banks to market it to offshore investors, according to two bankers aware of..."/>
Adani Transmission latest to tap offshore bonds as investor interest revives [Mint, New Delhi]
Apollo Global Management Llc has invested Rs.400 crore in Noida-based developer Logix Group through the structured debt route, in the New York-based investor's first real estate transaction in India. The money will be used for last-mile funding to complete the construction of four ongoing residential developments and a commercial office project in Noida, on the outskirts of Delhi. The investment has been made from the..."/>
Apollo Global invests Rs400 crore in Noida-based Logix Group [Mint, New Delhi]
State Bank of Travancore reported a net loss of Rs.743 crore in the quarter ended June, as compared with a net profit of Rs.81.32 crore a year ago, owing to higher provisions and a drop in net interest income. The bank's total provisions during the April-June period stood at Rs.1, 130 crore, higher than the Rs.301.57 crore reported last year. Gross non-performing assets in the three-month period doubled on a quarter-on-quarter basis to Rs.6, 401 crore."/>
State Bank of Travancore reports net loss of Rs743 crore in June quarter [Mint, New Delhi]
Real estate firms stare at dull Q1 results [Mint, New Delhi]
IDFC Bank Ltd said its fiscal first quarter profit rose 60% to Rs.264.76 crore from Rs.165.06 crore in the preceding March quarter. The earnings can't be compared with the previous year as IDFC Bank started operations in October. IDFC Bank and Bandhan Bank had received in-principle approvals from the Reserve Bank of India in 2014 to start universal banks."/>
IDFC Bank Q1 profit rises 60% to Rs264.76 crore [Mint, New Delhi]
Synovus Financial Corp. and Columbus Bank and Trust."/>
Isakson stops in Columbus on pro-jobs tour amid U.S. Senate re-election campaign [Columbus Ledger-Enquirer, Ga.]

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Most Popular Sectors in the News
Sectors Articles in the last 7 days
Financials568 Articles
Information Technology531 Articles
Consumer Discretionary503 Articles
Industrials376 Articles
Health Care323 Articles

Sponsored Financial Commentaries

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact , please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.