Industry News

BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets, today announced an update to the timing of its conference call to discuss these results. The timing of this conference call has been changed to Thursday, July 28, 2016 at 10:30 a.m. ET. The advisory release will notify the public that a full-text financial results press release will be accessible at any of the following pages:."/>
Update of Conference Call Timing: BGC Partners' Second Quarter 2016 Financial Results Announcement to be Issued Prior to Market Open on Thursday, July 28, 2016
Regions Financial Corporation today announced earnings for the second quarter ended June 30, 2016. The company reported net income available to common shareholders of $259 million and earnings per diluted share of $0.20. This Smart News Release features multimedia."/>
Regions Reports Earnings of $259 Million and Earnings Per Share of $0.20 for the Second Quarter of 2016
Two Harbors Investment Corp disclosed on Tuesday that it has appointed Timothy Perrott as senior director of Investor Relations. With over two decades of experience, Perrott has served in global investor relations and corporate communications efforts in various companies. Most recently, he was vice president of Investor Relations at ADT Security Services since 2014."/>
Two Harbors Investment names Timothy J. Perrott as senior director
First Defiance Financial Corp on Tuesday reported that for the second quarter ended 30 June 2016, its net income totalled USD7.3m or USD0.80 per diluted common share, up from the net income of USD6.6m or USD0.70 per diluted common share for the same quarter last year. Net interest income for the company's second quarter was USD19.4m, increased from the net interest income of USD18.4m in the second quarter of 2015. Non-interest income was USD8.6m, also higher than the..."/>
First Defiance Financial reports increased net income for Q2 2016 year over year
Gary Gehm joins Associated Bank as senior client advisor
Moody's Corporation acquired full ownership of a provider of domestic credit ratings in Korea, Korea Investors Service, it revealed on Tuesday. KIS serves the country's capital markets with credit ratings, research and other services and has been a majority-owned affiliate of Moody's Investors Service since 2001. It was founded in 1985.."/>
Moody’s announces acquisition of Korea Investors Service for undisclosed amount
Granite Real Estate Investment Trust approved a distribution of CAD0.203 per stapled unit, the company revealed on Monday. All unit holders of record at the close of trading on 29 July 2016 will receive the distribution on 15 August 2016 and the ex-dividend date is 27 July 2016 on the Toronto and New York Stock Exchange. Granite is a real estate investment trust and owns and manages predominantly industrial, warehouse and logistics properties in North..."/>
Granite REIT announces distribution of CAD0.203 per stapled unit
LIC Housing Finance Ltd's bias towards high-yielding advances can be seen in the changing tone of its loan book. The share of loans against property, non-core and developer loans in its outstanding credit portfolio increased to 12.2% at the end of the June quarter from 11.5% a year ago. This has helped to steadily increase its margins."/>
LIC Housing Finance continues focus on high margin loans [Mint, New Delhi]
Mindtree Ltd on Tuesday hit a 15- month low, as most of the brokerages cut the target price of the stock after the company reported weaker-than-expected earnings. The stock fell in seven out of nine trading sessions. Ambit Capital, PhillipCapital, Kotak Institutional Equities and Deutsche Bank have reduced its target price on the stock."/>
Mindtree shares hit 15-month low [Mint, New Delhi]
BGC Partners, Inc. a leading global brokerage company servicing the financial and real estate markets, today announced that it has entered into an agreement 1 to acquire the businesses of Sunrise Brokers Group, an independent financial brokerage with a leading reputation in worldwide equity derivatives. "This transaction enables us to further expand our equity derivatives offering and complements our existing financial services business,"..."/>
BGC Partners Announces Agreement to Acquire Sunrise Brokers, a Leading Financial Brokerage for Equity Derivatives
Alexandria Real Estate Equities Inc. plans to beef up its already robust Cambridge life sciences and technology office/lab space portfolio with the $725 million purchase of One Kendall Square. The Pasadena, Calif., real estate investment trust's pending purchase price equates to a hefty $1,124 per square foot for the 7.88- acre, nine-building campus that includes a 1,530- space parking garage and the Kendall Square Cinema in booming East Cambridge."/>
One Kendall Sq. sold [Boston Herald]
City Office REIT. Ron Rogg, executive vice president of the firm in Orlando, said the assets had performed well throughout recent market cycles and are expected to benefit from government's commitment to part of the property known as the Force Protection Zone."/>
BRIEF: Canadian group purchases offices near UCF for $50M [Orlando Sentinel]
BB&T Corp. said Monday it completed the conversion of 109 National Penn Bank branches, including about three dozen in the Lehigh Valley, to BB&T systems, products and signs, 11 months after the acquisition was first announced. BB&T, of Winston-Salem, N.C., announced in August it would acquire Allentown's National Penn for $1.8 billion. The deal was completed in April."/>
BB&T completes conversion of National Penn branches [The Morning Call (Allentown, Pa.)]
Bank of America plans to close its branch in the Hilton area of Newport News on Oct. 18, the company confirmed. Bank of America is consolidating the branch at 10504 Warwick Blvd. with the branch at 608 J. Clyde Morris Blvd., said spokesman Matthew Daily. The branches are about 4 miles apart in driving distance."/>
Bank of America to close Hilton branch in Newport News [Daily Press (Newport News, Va.)]
DoubleDragon Properties Corp. has secured the approval of the Philippine Stock Exchange to list P10 billion of preferred shares, the company said on Monday. "The 100,000,000 preferred shares with a par value of P100 per share equivalent to P10 billion will soon be listed on the Exchange," DoubleDragon said in a disclosure to the PSE. Double Dragon noted the cash proceeds from the share sale will be used to fund the developments of core projects such as the CityMall commuity..."/>
DoubleDragon gets PSE nod on P10B preferred shares [The Manila Times, Philippines]
China Banking Corp., Philippine National Bank,..."/>
Fitch upgrades 4 PH banks ratings [The Manila Times, Philippines]

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