Industry News

Cosi Inc., known for its flatbread sandwiches, yesterday filed for Chapter 11 bankruptcy protection with plans to sell the company. The cash-strapped chain said it closed 29 of its 74 company-owned restaurants and laid off 450 full- and part-time workers this week."/>
Boston Herald The Ticker column [Boston Herald]
Saregama India Ltd, the RP-Sanjiv Goenka Group's music company, is being turned into a production house to create content for online consumption. Apart from creating original content, Saregama has ambitious plans of dredging out its large collection of Indian film music, "evergreen tracks to be repackaged" for today's online audience, chairman Sanjiv Goenka said. The company, which enjoyed a near monopoly in Indian film music for generations, has so far digitized..."/>
Saregama to shift focus to content for online viewers [Mint, New Delhi]
Morgan Stanley raised concerns over the valuation of Indian bank shares. The investment bank pruned its weight as it didn't feel justified to have one-third of its portfolio in bank shares, given that most of them have risen by 30% in the last six months. Indeed, most bank shares have risen sharply despite unflattering results in the first quarter of 2016-17. Some of them have galloped more than 15% since June despite disastrous results."/>
Are Indian banks overvalued? [Mint, New Delhi]
Sebi allows options trading in commodities [Mint, New Delhi]
Multi Commodity Exchange of India Ltd have risen by around 27% in the past seven trading sessions. Investors have been excited about the Securities and Exchange Board of India's plans to allow commodity exchanges launch options contracts; this was eventually approved on Wednesday. Besides, MCX suddenly raised its transaction fees by around 25% for futures contracts this week."/>
MCX valuations ignore ground realities [Mint, New Delhi]
Hercules Capital, along with existing investors including Japan-based NTT Finance, Nexus Venture Partners and Tenaya Capital also participated in the round. The money will be used to improve..."/>
Enterprise start-up Druva raises $51 million from Sequoia, others [Mint, New Delhi]
Triumph Bancorp, Inc. today announced the pricing of its public offering of $50 million aggregate principal amount of its Fixed-to-Floating Rate Subordinated Notes due 2026. The Notes will initially bear interest at 6.50% per annum, payable semi-annually in arrears, to, but excluding, September 30, 2021, and, thereafter and to, but excluding, the maturity date or earlier redemption, interest shall be payable quarterly in arrears, at an annual floating rate..."/>
Triumph Bancorp Announces Pricing of $50 million of Fixed-to-Floating Rate Subordinated Notes
Duke Energy is donating $100,000 to Unite Charlotte, a recently established fund that will support programs and groups focused on "community healing, rebuilding trust and creating opportunities" after a week of unrest in Charlotte. The fund, initially supported by a $250,000 gift from Wells Fargo, will also support the work being done by the Charlotte-Mecklenburg Opportunity Task Force, Duke Energy said in a statement Wednesday."/>
Duke Energy gives $100,000 to new fund in response to Charlotte unrest [The Charlotte Observer]
Glacier Bancorp, Inc.' s Board of Directors, at a meeting held on September 28, 2016, declared a dividend of $0.20 per share. The Company has declared 126 consecutive quarterly dividends and has increased the dividend 40 times. The dividend is payable on October 20, 2016, to owners of record on October 11, 2016.."/>
Glacier Bancorp, Inc. Declares Quarterly Dividend
Full Circle Capital Corporation today announced its financial results for the fiscal fourth quarter and full year ended June 30, 2016.. Financial Highlights for the Fiscal Fourth Quarter Ended June 30, 2016:."/>
Full Circle Capital Corporation Announces Fourth Quarter and Full Year Fiscal 2016 Results
S&P Global announced that its Board of Directors has elected Monique F. Leroux to its Board, effective October 27, 2016.. Leroux served from 2008 until April 2016, as Chair, President and Chief Executive Officer of Desjardins Group, the largest cooperative financial group in Canada. There she led Desjardins' recovery from the financial crisis, restored the company's balance sheet, strengthened risk management, and set the organization on a path..."/>
S&P Global Names Monique F. Leroux to Board of Directors
Brookline Bancorp, Inc. announced today that it will report third quarter 2016 earnings at the close of business on Wednesday, October 19, 2016. Management will host a conference call to review this information at 1:30 PM Eastern Time on Thursday, October 20, 2016. Interested parties may listen to this call by dialing 877-504-4120 or 412-902-6650 and ask for the Brookline Bancorp conference call."/>
Brookline Bancorp, Inc. Announces Third Quarter 2016 Earnings Release Date and Conference Call

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