Industry News

Apple, looking for ways to counter continued declines in sales of the iPhone, is now saying that the company's new growth engine rests on consumers continuing to buy apps, music and switch over to Apple Pay. Apple delivered its fiscal third quarter results Tuesday and the highlight was the ongoing rise of its so-called services business, which totaled $5.98 billion in revenue, a 19 percent increase from the same period a year ago. Services-- which include sales..."/>
Apple's services gains lead better-than-expected quarterly results [East Bay Times]
Summit Bank reported on Tuesday net income of $1.25 million for the second quarter, which was a 27- percent decrease from the same period a year before. The Santa Rosa-based institution said the three months ending on June 30 resulted in a diluted earnings per share of 26 cents compared with 35 cents from the same period in 2015.. The bank has declared a dividend of 12 cents per share to be paid on Aug. 26 to those owning stock as of Aug. 18.."/>
Summit State Bank reports decrease in net income [The Press Democrat, Santa Rosa, Calif.]
Apple, looking for ways to counter continued declines in sales of the iPhone, is now saying that the company's new growth engine rests on consumers continuing to buy apps, music and switch over to Apple Pay. Apple delivered its fiscal third quarter results Tuesday and the highlight was the ongoing rise of its so-called services business, which totaled $5.98 billion in revenue, a 19 percent increase from the same period a year ago. Services-- which include sales..."/>
Apple's services gains lead better-than-expected quarterly results [Mercury News]
Triangle Capital expects to receive net proceeds of $119.6 million from its latest secondary stock offering after pricing the 6.25 million shares it is selling. Triangle Capital announced Tuesday that the shares were priced at $19.90 each. The pricing came a day after the company unveiled its plans for a stock offering."/>
BRIEF: Raleigh's Triangle Capital expects to net $119.6 million from stock offering [The News & Observer (Raleigh, N.C.)]
UMB Financial Corp. on Tuesday reported a 23 percent increase in second-quarter earnings, with loans reaching a record level. The Kansas City-based banking company said it earned $37.3 million, or 76 cents a share, in April, May and June, compared with $30.2 million, or 65 cents a share, a year earlier. Its profits grew from higher interest earnings on loans and securities as well as higher fee income and similar income."/>
UMB reaches $10 billion in loans as profits jump 23 percent [The Kansas City Star]
Farmers Capital Bank Corporation appointed a new Director to its Board, John C. Roach.. Roach served as General Counsel to Kentucky Governor Ernie Fletcher. Recently he served as General Counsel in the Transition of Governor Matt Bevin."/>
Farmers Capital Bank Corporation Appoints John C. Roach to its Board of Directors
Timberland Bancorp, Inc. today reported net income of $2.55 million, or $0.36 per diluted common share, for its third fiscal quarter ended June 30, 2016. This compares to net income of $2.16 million, or $0.31 per diluted common share, for the quarter ended June 30, 2015 and net income of $2.38 million, or $0.34 per diluted common share, for the quarter ended March 31, 2016.."/>
Timberland Bancorp EPS Increases 16% Year-Over-Year to $0.36 for Third Fiscal Quarter of 2016
PREIT Issues Revised Sales Reconciliation Table
Cedar Realty Trust, Inc. announced today the pricing of its underwritten public offering of 5.0 million shares of its common stock on a forward basis in connection with the forward sale agreement described below, which will result in approximately $39.3 million of gross proceeds before any underwriting compensation and offering expenses. The offering is expected to close on or about August 1, 2016, subject to customary closing..."/>
Cedar Realty Trust, Inc. Announces Pricing Of Common Stock Offering
Randolph Bancorp, Inc., a Massachusetts corporation and the holding company of Randolph Savings Bank, today reported net income of $718,000 and $720,000 for the three and six months ended June 30, 2016 compared to net losses of $367,000 and $652,000 for the same periods in the prior year. As previously announced, the Company had been a subsidiary of Randolph Bancorp prior to the completion of a mutual-to-stock conversion and stock offering on July 1, 2016."/>
Randolph Bancorp, Inc. Reports Results for the Three and Six Months Ended June 30, 2016
Barclays announced today that it will implement a 1 for 4 reverse split of two series of its iPath ® ETNs effective Tuesday, August 9, 2016:. Barclays Bank PLC has the right to initiate such a reverse split of each series of ETNs if the closing indicative value of the ETNs falls below $25.00 on any business day, as described in the pricing supplement relating to the ETNs. On July 26, 2016, the closing indicative value of the VXX ETNs was $11.00, and the closing indicative value of..."/>
Barclays Bank PLC Announces Reverse Split of Two iPath® Volatility ETNs
National Commerce Corporation, the parent company of National Bank of Commerce, today reported second quarter 2016 net income to common shareholders of $4.4 million, compared to $2.3 million for the second quarter of 2015. Diluted net earnings per share were $0.39 in the second quarter of 2016, compared to $0.34 in the first quarter of 2016 and $0.24 in the second quarter of 2015.. “National Commerce had a good second quarter and first six months of..."/>
National Commerce Corporation Announces Second Quarter 2016 Earnings
Southern Missouri Bancorp, Inc. had previously announced that it would host a conference call on Tuesday, July 26, 2016, at 3:30 p.m. central time. Due to technical difficulties on the part of the Company’ s third-party provider of the conferencing service, the call was not held as scheduled."/>
SOUTHERN MISSOURI BANCORP RESCHEDULES CONFERENCE CALL TO DISCUSS FOURTH QUARTER, FISCAL 2016 RESULTS FOR WEDNESDAY, JULY 27, AT 3:30PM CENTRAL TIME
M and A Navigator: Deal pipeline –26 July
Alaris Royalty Corp. is pleased to announce its results for the three and six months ended June 30, 2016. The results are prepared under International Financial Reporting Standards as issued by the International Accounting Standards Board."/>
Alaris Royalty Corp. Releases 2016 Q2 Financial Results
State Street Corporation announced today that State Street Bank and Trust Company has negotiated a series of agreements, which it expects, subject to final approval, to resolve all pending litigation and regulatory matters in..."/>
State Street Announces Foreign Exchange Settlement
Northern States Financial Corporation, the holding company of NorStates Bank, an FDIC insured financial institution, today reported second quarter 2016 net income of $354,000 as compared with $321,000 for the first quarter 2016. Per share book value at June 30, 2016 was $0.65. Pretax income for the second quarter of 2016 was $554,000 as compared with pretax income of $407,000 for the same quarter of 2015, an increase of 36%."/>
Northern States Financial Corporation Reports Second Quarter 2016 Earnings
Fiesta Restaurant Group Inc. will replace ExamWorks Group Inc. in the S&P SmallCap 600 after the close of trading on Wednesday, July 27. Leonard Green& Partners, L.P is acquiring ExamWorks Group in a deal expected to be completed on or about that date. Maiden Holdings Ltd. will replace Tumi Holdings Inc. in the S&P SmallCap 600 after the close of trading on Monday, August 1."/>
Fiesta Restaurant Group and Maiden Holdings to Join the S&P SmallCap 600
Yadkin Financial Corp. in connection with the proposed acquisition of the Company by F. N. B. Corporation. On July 21, 2016, the Company announced that it had reached a definitive agreement for FNB to acquire all outstanding shares of YDKN in a transaction valued at $1.4 billion. Under the terms of the agreement, YDKN..."/>
Yadkin Financial Corp. Acquisition May Not Be in the Best Interests of YDKN Shareholders
Milestone Apartments Real Estate Investment Trust today announced that it has entered into an agreement to internalize the REIT's asset management function. Closing of the Transaction is expected to occur on September 30, 2016, subject to unitholder approval and other customary conditions."/>
Milestone Apartments REIT Announces Internalization of Asset Management

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
Information Technology649 Articles
Financials639 Articles
Consumer Discretionary580 Articles
Industrials431 Articles
Health Care382 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.