Industry News

Morningstar, Inc., a leading provider of independent investment research, today reported estimated U.S. mutual fund and exchange-traded fund asset flows for August 2016. Assets continued to exit active U.S.-equity funds, with an estimated $25.4 billion in outflows in August, though down from July's $32.9 billion. Passive U.S.-equity funds persisted in attracting investor money, with an estimated inflow of $16.4 billion in August, about half..."/>
Morningstar Reports U.S. Mutual Fund and ETF Asset Flows for August 2016
Encore Capital Group, Inc., an international specialty finance company, announced that Vice President and Chief Compliance Officer Doris Hektor and Director, Corporate Compliance LeeSa Geelhood will join Consero’ s 2016 Corporate Compliance& Ethics Forum to be held Sept. 18-20 in Newport Beach, CA. Both will serve as panelists: Hektor on Developing A Compliance& Ethics Function That Meets The Needs Of The Future; Geelhood on Middle Managers: The Vital Link..."/>
Encore Capital Group Represented at Consero 2016 Corporate Compliance & Ethics Forum
Callidus Capital Corporation is pleased to announce that, in accordance with its previously announced dividend policy, the Company will pay a monthly eligible dividend of $0.0833 per common share of the Company to holders of Common Shares of record on September 30, 2016. The dividend will be paid on or before October 20, 2016.. The Company's dividend policy, previously completed and proposed normal course issuer bids, and its current substantial..."/>
Callidus Capital Corporation Declares Monthly Dividend
Lazard Global Total Return and Income Fund, Inc. has authorized the Fund to declare today, pursuant to a level distribution policy, a monthly distribution of $0.07948 per share on the Fund’ s outstanding common stock. The distribution is payable on October 24, 2016 to shareholders of record on October 13, 2016. The ex-dividend date is October 11, 2016.."/>
Lazard Global Total Return and Income Fund Declares Monthly Distribution
Lazard World Dividend& Income Fund, Inc. has authorized the Fund to declare today, pursuant to a level distribution policy, a monthly distribution of $0.05737 per share on the Fund’ s outstanding common stock. The distribution is payable on October 24, 2016 to shareholders of record on October 13, 2016. The ex-dividend date is October 11, 2016.."/>
Lazard World Dividend & Income Fund Declares Monthly Distribution
Chubb has added a suite of new coverages to its specialized clean tech industry insurance program. The Clean Tech Sustainability Suite provides essential protection for firms conducting research and development and can help clean tech firms rebuild "green" in the case of a property loss. "Chubb's Clean Tech Sustainability Suite responds directly to the priorities of today's clean tech companies," said Christi Edwards, North America Clean Tech..."/>
Chubb Helps Clean Tech Companies Rebuild 'Green' After a Loss, Launches New 'Sustainability Suite' of Coverages
Webster Financial Corporation, the holding company for Webster Bank, N.A., announced today the following details for its third quarter 2016 earnings release and conference call:. About Webster Webster Financial Corporation is the holding company for Webster Bank, National Association. With $25.1 billion in assets, Webster provides business and consumer banking, mortgage, financial planning, trust, and investment services through 176..."/>
Webster Financial Corporation Announces Third Quarter 2016 Earnings Release and Conference Call
Everbridge, a global software company that provides critical communications and enterprise safety applications to help keep people safe and businesses running during critical events, visited the Nasdaq MarketSite in Times Square today in celebration of its initial public offering on The Nasdaq Stock Market.. A photo accompanying this announcement is available at..."/>
Nasdaq Welcomes Everbridge (Nasdaq: EVBG) to The Nasdaq Stock Market
ITT Educational Services Inc. voluntarily ceased operations as its financial condition became untenable. Before that, though, the government made it impossible for ITT to do business, and then washed its hands, basically saying, "we'll see what happens," while knowing exactly what was going to happen."/>
The Indianapolis Star James Briggs column [The Indianapolis Star]
PHI Group, a U.S. diversified holding company engaged in mergers and acquisitions, announced today that shareholders of the previously announced South African target company, representing 77% of the total issued share capital and its major lenders, have approved PHI Group’ s revised offer to acquire the TARGET. Majority shareholders agreed to exchange their shares for PHI Group’ s stock, which will have been dually-listed on the Johannesburg Stock..."/>
Majority Shareholders and Lenders of South African Target Company Approve PHI Group’s Revised Offer  
SVG Capital for GBP 1.015 bn in cash, the firm said. Under the terms of the offer, SVG Capital shareholders will receive 650 pence in cash for each SVG Capital Share they hold, valuing the entire existing issued share capital of SVG Capital at approximately GBP 1.015 bn. The offer is conditional upon, amongst other things, HarbourVest receiving valid..."/>
HarbourVest Offers GBP 1.015bn for UK-based SVG Capital. SVG Not Ready to Commit
KCG Holdings, Inc. has agreed to acquire Stockholm, Sweden-based broker Neonet Securities AB from UK-based specialist financial services investor Hay Tor Capital, KAS Bank and Sweden-based holding company Cidron Delfi Intressenter Holding, the company said. Financial terms were not disclosed. The transaction, which is subject to customary regulatory and other approvals, is expected to close later this year."/>
KCG Closes Acquisition of Swedish Broker Neonet Securities
National American University Holdings, Inc., through its wholly owned subsidiary, operates National American University, a regionally accredited, proprietary, multi-campus institution of higher learning offering associate, bachelor’ s, master’ s, and doctoral degree programs in technical and professional disciplines, will visit the Nasdaq MarketSite in Times Square. In honor of the occasion, Dr. Ron Shape, Chief Executive Officer, will ring the Closing Bell."/>
National American University Holdings, Inc. (Nasdaq: NAUH) to Ring The Nasdaq Stock Market Closing Bell to Commemorate 75th Anniversary of the University
Five Prime Therapeutics, a clinical-stage biotechnology company focused on discovering and developing innovative immuno-oncology protein therapeutics, will visit the Nasdaq MarketSite in Times Square. In honor of the occasion, Lewis T.“ Rusty” Williams, Founder, President and CEO, will ring the Opening Bell. Where: Nasdaq MarketSite– 4 Times Square– 43 rd& Broadway– Broadcast Studio."/>
Five Prime Therapeutics (Nasdaq: FPRX) to Ring The Nasdaq Stock Market Opening Bell
Ujjivan Financial Services Ltd in the form of a senior debt investment. The proposed investment by IFC will help the micro finance firm to increase its presence and access to low-income borrowers that have little or no access to formal sources of financing. The capital will also help Ujjivan to..."/>
IFC to invest up to $40 million in micro-lender Ujjivan Financial [Mint, New Delhi]
State Street Global Advisors, the asset management business of State Street Corporation, today announced that on Monday, September 19, 2016, the benchmark index for the Financial Select Sector SPDR ® Fund will be rebalanced, effective before the opening of business. The list of securities applicable to all creation and redemption orders placed on Friday, September 16, 2016, will be based on pre-rebalance Fund holdings instead of index holdings."/>
State Street Global Advisors Announces Benchmark Rebalance for The Financial Select Sector SPDR® Fund

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