Industry News

Liberty Property Trust is under agreement to sell much of its holdings in the Great Valley Corporate Center, the pioneering Chester County business park that transformed Malvern and made the developer into a major regional office landlord. The company is selling 26 Great Valley properties, accounting for over a million square feet of office and light-industrial space, to Horsham-based Workspace Property Trust, Liberty announced Monday. The properties are part of a..."/>
Liberty Property Trust to sell most Great Valley Corporate Center holdings in milestone for company [The Philadelphia Inquirer]
ITC Ltd, Larsen and Toubro Ltd and Axis Bank Ltd in the first phase of divesting minority stakes it owns in 51 companies. The government, which detailed the sale strategy on Monday, also eased a conflict-of-interest clause for investment bankers to attract more bankers to the proposed sale. SUUTI, an offshoot of the erstwhile state-run investment firm Unit Trust of India, has shares in 43..."/>
SUUTI to pare Axis Bank, ITC, L&T stakes in first phase [Mint, New Delhi]
Bank of Baroda, Rs.3 crore on Punjab National Bank and Rs.2 crore on HDFC Bank. The penalties were levied for "weaknesses and failures in internal control mechanisms in respect of certain AML provisions such as monitoring of transactions, timely reporting to FIU, and assigning of UCIC..."/>
RBI penalizes three banks in forex scam [Mint, New Delhi]
Vedanta Ltd to Cairn India Ltd shareholders is still a negative for them, believe analysts, but enough to help the merger sail through. "We do see some risk that the proposed merger may increase the uncertainty over the long-term growth outlook for Cairn India's exploration and production business, which would then have to compete with the other businesses of Vedanta for capital," said Goldman Sachs in its report dated 25 July."/>
Cairn's loss is Vedanta's gain in sweetened merger deal [Mint, New Delhi]
Triangle Capital plans to raise additional cash to invest in mid-sized businesses by selling 6.25 million shares of common stock in a secondary offering. The Raleigh company, which announced the offering after the markets closed on Monday, hasn't yet priced the shares. Earlier Monday, its shares closed at $20.52, down 3 cents."/>
BRIEF: Raleigh's Triangle Capital plans to sell 6 million shares [The News & Observer (Raleigh, N.C.)]
Northwest Bancshares is preparing to wrap up its big branch deal in the Buffalo Niagara region. The Pennsylvania-based bank expects to finish acquiring 18 First Niagara Financial Group branches for about $78.2 million before the end of the current quarter. The branches have deposits of $1.7 billion and loans of about $511 million, and with the new locations will come 185 additional employees and 70,000 customers."/>
Northwest closing in on buying 18 branches [The Buffalo News, N.Y.]
RE/MAX LLC is eager to bring new resources and more dollars to bear in support of their only local franchise,..."/>
RE/MAX aiming to make big push into Western New York real estate market [The Buffalo News, N.Y.]
MB Financial Inc. will replace First Niagara Financial Group Inc. in the S&P MidCap 400, BioTelemetry Inc. will replace MB Financial in the S&P SmallCap 600. S&P 500 constituent KeyCorp is acquiring First Niagara Financial Group in a deal expected to be completed soon..."/>
MB Financial to Join S&P MidCap 400; BioTelemetry and Raven Industries to Join S&P SmallCap 600
F.N.B. Corp. and North Carolina, US-based Yadkin Financial Corp. have signed a definitive merger agreement pursuant to which F.N.B. Corp. will acquire Yadkin Financial Corp. and its Yadkin Bank in an all-stock transaction valued at approximatelyUSD 27.35 per share, orUSD 1.4 bn, the companies said."/>
F.N.B. to Acquire North Carolina’s Yadkin Financial in USD 1.4bn Deal
Kilroy Realty Corporation today reported financial results for its second quarter ended June 30, 2016.. Net income available to common stockholders of $0.31 per share Funds from operations of $0.86 per share which includes $0.01 per share of acquisition-related expenses Revenues of $160.1 million In May, increased our regular quarterly cash dividend to an annualized rate of $1.50 per share, a 7.1% increase from the previous annualized dividend level of $1.40..."/>
Kilroy Realty Corporation Reports Second Quarter Financial Results
Webster Financial Corporation, the holding company for Webster Bank, N.A., announced today that its Board of Directors declared a quarterly cash dividend of$. 25 per share on its common stock. The dividend on the common shares will be payable August 22, 2016 to shareholders of record on August 8, 2016.. On its Series E Preferred Stock, Webster declared a quarterly cash dividend of $400.00 per share, payable September 15, 2016 to shareholders of..."/>
Webster Financial Corporation Declares Common Dividend
Southern Missouri Bancorp, Inc., the parent corporation of Southern Bank, today announced preliminary net income available to common stockholders for the fourth quarter of fiscal 2016 of $3.7 million, an increase of $167,000, or 4.8%, as compared to the same period of the prior fiscal year. The increase was attributable to increased net interest income and noninterest income, a reduction in provision for income taxes, and the elimination of preferred..."/>
Provident Financial Holdings, Inc., the holding company for Provident Savings Bank, F.S.B., today announced that the Company’ s Board of Directors declared a quarterly cash dividend of $0.13 per share, reflecting an eight percent increase from the $0.12 per share paid on June 7, 2016. Shareholders of the Company’ s common stock at the close of business on August 15, 2016 will be entitled to receive the cash dividend. The cash dividend will be payable on..."/>
Provident Financial Holdings Increases Quarterly Cash Dividend
First Republic Bank, a leading private bank and wealth management company, today announced the pricing of $400,000,000 in aggregate principal amount of its Subordinated Notes due 2046. First Republic will pay interest on the Subordinated Notes semi-annually in arrears on February 1 and August 1 of each year, beginning on February 1, 2017. The Subordinated Notes will bear interest at a rate of 4.375% per annum and, unless previously..."/>
First Republic Announces Pricing Of $400,000,000 Subordinated Notes Offering
Your Community Bankshares, Inc. reported the results of operations for the three and six months ended June 30, 2016. The Company also announced that on July 19, 2016 its Board of Directors declared a quarterly cash dividend on the Company’ s common stock of $0.12 per share payable on August 25, 2016 to shareholders of record on August 8, 2016.. The following points summarize significant financial information for the second quarter of 2016:."/>
Your Community Bankshares, Inc. Reports 2nd Quarter Net Income Available to Common Shareholders of $3.8 Million, or $0.68 Per Diluted Common Share and 3rd Quarter Dividend
Bank of Hawaii Corp.' s net income rose 7.5 percent in the second quarter as strong loan growth helped the company blow past analysts' expectations. The state's second largest bank said today it earned $44.2 million, or $1.03 a share, to beat analysts' estimates by 10 cents. Bankoh earned $41.2 million, or 95 cents a share, in the year-earlier period."/>
BRIEF: Loan growth powers Bankoh's earnings up 7.5% [The Honolulu Star-Advertiser]

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
Financials726 Articles
Consumer Discretionary627 Articles
Information Technology617 Articles
Industrials471 Articles
Health Care414 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