Industry News

U.S. Housing Market Holding Steady
Vermillion, Inc., a bio-analytical solutions company focused on gynecologic disease, will visit the Nasdaq MarketSite in Times Square, to help kick off Ovarian Cancer Awareness Month. In honor of the occasion, Valerie Palmieri, President and Chief Executive Officer, will ring the Closing Bell along with OVA1 Blood Test Spokespersons:. Shannon Miller- America’ s Most Decorated Olympic Gymnast& Ovarian Cancer survivor Sherry Pollex- Life partner of NASCAR Driver Martin Truex, Jr. and..."/>
Vermillion, Inc. (Nasdaq: VRML) to Ring The Nasdaq Stock Market Closing Bell
Habit Restaurants, Inc. and Tom Nelson, President of Share Our Strength, which operates the No Kid Hungry campaign, will ring the opening bell. The Habit hopes to raise more than $200,000 to provide more than 2 million meals to kids in need."/>
The Habit Restaurants, Inc. (Nasdaq: HABT) Teams with No Kid Hungry – Kicks off Fundraiser by Ringing The Nasdaq Stock Market Opening Bell
Chubb company, hosted its annual Combined Insurance Golf Outing, raising more than $20,000 to benefit Chicago-based military veteran charity— The Jason McKie Foundation. Nearly 100 of Combined Insurance's employees, vendors, and other guests came together to golf and give back at Old Orchard Country Club in..."/>
Combined Insurance Golf Outing Raises $20,000 to Benefit The Jason McKie Foundation
WesBanco, Inc., a multi-state bank holding company with total assets of approximately $8.4 billion, announced today that Todd F. Clossin, President and Chief Executive Officer, and Robert H. Young, Executive Vice President and Chief Financial Officer, are scheduled to participate in the Raymond James 2016 U.S. Bank Conference in Chicago, IL on Wednesday, September 7, 2016.. In addition, the formal presentation by Mr."/>
WesBanco CEO and CFO to Participate in the Raymond James 2016 U.S. Bank Conference
LM Funding America, Inc., a specialty finance company offering unique funding solutions to community associations, has implemented a cost cutting initiative that is expected to reduce expenses by approximately $2 million annually.. The initiative, which is expected to be completed by the beginning of Q4 2016, includes streamlining internal processes, reducing costs and ultimately, enhancing gross margins. These measures include reducing non-sales..."/>
LM Funding Implements Cost Cutting Initiative
PHI Group, a U.S. diversified holding company engaged in mergers and acquisitions announced today that the Company has obtained a $15 million secured line of credit facility for acquisition financing from TCA Global Fund, a U.S. institutional fund.. Henry Fahman, Chairman and CEO of PHI Group, Inc., said,“ Access to this credit facility will facilitate the Company’ s ability to carry out its acquisition program of smaller targets in North America, especially to..."/>
PHI Group Obtains Secured Line of Credit Facility for Acquisition Financing
Braemar Shipping Services fell nearly 9 pc after it warned investors to expect' materially lower' results this year."/>
Daily Mail, London, business briefs column [Daily Mail, London]
Citigroup and was responsible for acquisition and corporate finance advisory services to middle market clients with enterprise values up to $500 million. At Citigroup, he conducted transactions in key economic sectors including retail, manufacturing, distribution, service, medical, hospitality, agriculture, action sports and real estate.“ David..."/>
Former Citigroup Executive Joins Newport Beach, California-Based Cambridge Companies as Managing Partner
W. R. Berkley Corporation today announced the appointment of Richard M. Lowery as senior vice president and chief information officer, reporting to Lucille T. Sgaglione, executive vice president. Lowery will be responsible for the development and implementation of strategic information technology solutions. The appointment is effective immediately."/>
W. R. Berkley Corporation Names Richard M. Lowery Senior Vice President and Chief Information Officer
Royal Bank of Canada, is scheduled to speak at the Scotiabank Financials Summit 2016 to be held in Toronto on September 7, 2016 at 10:20 a.m.. A link to the live audio webcast will be available on RBC's website at www.rbc.com/investorrelations/events-presentations. html. The webcast will be archived for three months."/>
Dave McKay of RBC to speak at the Scotiabank Financials Summit 2016
Markel Corporation announced today that Thomas S. Gayner and Richard R. Whitt, III, Co-Chief Executive Officers of the corporation, were elected to the Board of Directors effective August 30, 2016. Alan I. Kirshner, Chairman of the Board, commented, "The Board welcomes Tom and Richie to the Board of Directors. The corporation will benefit greatly from their participation on the Board as members bringing with them a wealth of knowledge and..."/>
Thomas Gayner And Richard Whitt Join Markel's Board Of Directors; Michael Crowley Appointed Vice Chairman
Condor Hospitality Trust, Inc., a hotel-focused real estate investment trust headquartered and incorporated in the state of Maryland, today announced that it has executed an agreement to purchase the 156 room Aloft Leawood-Overland Park located within Park Place Village at 11620 Ash Street, Leawood, KS, 66211. The purchase price for the hotel is $22,500,000. The hotel will be managed by Presidian Hotels and Resorts. “The Aloft Leawood is a high quality..."/>
Condor Hospitality Trust Executes Agreement to Purchase Aloft Leawood-Overland Park
Navient, the nation’ s leading loan management, servicing and asset recovery company, today announced that President and CEO Jack Remondi will speak at the Barclays 2016 Global Financial Services Conference on Monday, Sept. 12, 2016. Remondi will deliver remarks at 11:15 a.m. EDT in New York City.. A live audio webcast, along with any written materials or slides used during the presentation, will be available at navient.com/investors."/>
Navient President and CEO to present at Barclays 2016 Global Financial Services Conference on Sept. 12
Alon Blue Square Israel Ltd. announced today the updated timeline for the closing of the debt reorganization and arrangement between the Company and its financial creditors and shareholders under Section 350 of the Israeli Companies Law, 5759-1999 following the recent final approval of the debt arrangement by the District Court in Lod, Israel, as revised per our announcement on August 10, 2016.. Following closing, the purchaser, a private..."/>
Alon Blue Square Announces Updated Timeline for Closing of Debt Arrangement
Gym Group was bulking up. The low-cost gym chain is expected to add up to 70 former Fitness First branches to its numbers. Gym Group, founded in 2008 by former England squash player John Treharne, has around 80 branches across the UK."/>
Daily Mail, London, market report column [Daily Mail, London]
Daily Mail, London, Alex Brummer column [Daily Mail, London]
ARM Holdings to the Japanese. Industry experts have highlighted a string of tech firms which could be next in line, after being encouraged by the ease with which SoftBank has been able to snap up ARM. Yesterday 95 pc of investors in ARM approved the takeover."/>
Now more UK tech stars are takeover prey for foreigners [Daily Mail, London]
Barclays trader is being fined pounds sterling 920,000 by US authorities over his part in a massive currency exchange rigging scandal. Christopher Ashton, 42, was part of an elite group of euro dealers who called themselves the Cartel, according to the Federal Reserve. They used internet chatrooms to fix currency prices and share confidential information, communicating in code and replacing letters with numbers to avoid detection."/>
Pounds sterling 1m fine for Barclays trader who used cockney slang to rig markets [Daily Mail, London]
Laurentian Bank of Canada declared a regular quarterly dividend of 60 cents per share on the common shares payable on November 1, 2016 to the holders on record at the close of business on October 3, 2016.. The above-mentioned dividend on the common shares is designated as an eligible dividend for the purposes of the Income Tax Act and any similar provincial and territorial..."/>
Laurentian Bank declares a dividend on its common shares
American Independence Corp. with and into AMIC Holdings, Inc. became effective on August 31, 2016. All of the stock of Holdings is owned by Independence Holding Company and one of its subsidiaries. IHC initiated the going private transaction, which is effected by way of the Merger, on June 27, 2016.."/>
Independence Holding Company Announces Completion of Going Private Transaction of American Independence Corp.

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