Industry News

Viva Technology Paris Exceeds its Goals
Detroit Free Press Susan Tompor column [Detroit Free Press]
SCHRODERS has launched a Global Gold fund which will invest in gold and precious metals firms across the world. The arrival of the fund comes just as investors flock to precious metals in a bid to find safety from the volatile stock market. Following the referendum result last Friday the price of gold reached a two year high of $1,358 an ounce."/>
Schroders fund that bids to be safe haven [Daily Mail, London]
Daily Mail, London, Alex Brummer column [Daily Mail, London]
MERLIN Entertainments, the owner of Thorpe Park, Alton Towers and Legoland, has had a strong run in the aftermath of the EU referendum. One theory is that a weaker pound will keep Brits on these shores over the summer, spending their holiday money at UK attractions. Merlin is an obvious beneficiary of that."/>
Daily Mail, London, market report column [Daily Mail, London]
Daily Mail, London, business briefs column [Daily Mail, London]
Cashmere Valley Bank provides an early start to Independence Day festivities with a salute to veterans of the armed services AND devotees of holiday pancake breakfasts. CVB's "Breakfast for Heroes" will run from 7 to 10:30 a.m. Monday at Pybus Public Market. The menu will feature pancakes, of course, along with scrambled eggs, ham and a few accoutrements."/>
Everyday Business | Celebrate the Fourth: Hotcakes for heroes, cherries lookin' good [The Wenatchee World, Wash.]
SunTrust Banks Inc., the lead tenant that also agreed to long-term retail and office leases in both buildings as part of the deal. The property includes a 17- story office tower and three-story annex."/>
Real Estate Notebook: Miami investor buys SunTrust Center for $86.5 million [Sun Sentinel]
Real deals for July 2 [The Oklahoman, Oklahoma City]
JG Summit Holdings, Inc. is set to acquire a 30- percent stake in Global Business Power Corp., a move that the conglomerate hopes will enlarge its presence in the power sector. In a disclosure to the Philippine Stock Exchange, the Gokongwei-led conglomerate on Friday said that it will buy 577.21 million shares GBPC at P20.47 apiece or a total of P11.815 billion, based on the enterprise value of the investment. Of the shares to be acquired, 423.28 million shares will be..."/>
JG Summit acquires 30% of GBPC [The Manila Times, Philippines]
State Bank of India, launched three digital initiatives on Friday and indicated that it may have to prune its branch network once its associates are merged. "We are at about 16,800 branches at SBI and overall group is 22,000- plus. In terms of rationalization of branches, corporate branches of associates would fold up into the corporate branches of the parent because basically accounts are common, "said B. Sriram, managing director of..."/>
SBI launches 3 digital initiatives; to offer services on Facebook, Twitter [Mint, New Delhi]
Unitech Ltd to deposit an interim penalty of Rs.5 crore with the court's registry. Unitech moved the apex court challenging an order of the National Consumer Disputes Redressal Commission which ordered the developer to pay Rs.5 crore penalty to three buyers of its Burgundy project in Noida, on the outskirts of Delhi. The penalty deposited with the court will be awarded to the buyers or returned to Unitech,..."/>
Supreme Court asks Unitech to deposit interim penalty of Rs5 crore [Mint, New Delhi]

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