Industry News

Och-Ziff Capital Management Group LLC today announced that it has reached settlements with the Department of Justice and the Securities and Exchange Commission, resolving their investigations into the Firm’ s former private investment business in Africa and a 2007 investment by the Libyan Investment Authority in certain of the Firm’ s funds. As part of the settlements, the Firm’ s parent company, Och-Ziff Capital Management Group LLC, has entered into a..."/>
Och-Ziff Reaches Settlements with U.S. Department of Justice and U.S. Securities and Exchange Commission to Resolve FCPA Investigation
Voya Global Income Solutions Fund, announced today that the Fund will be terminated on or about November 30, 2016. On or about the Termination Date, the Fund will distribute to unitholders their pro rata portions of the remaining assets of the Fund attributable to each class of units. Payment is expected to be made as soon as practicable following the Termination Date."/>
Aston Hill Capital Markets Inc. Announces Termination of Voya Global Income Solutions Fund
CNO Financial Group, Inc. announced today that its subsidiaries, Bankers Conseco Life Insurance Company and Washington National Insurance Company, are terminating reinsurance agreements with Beechwood Re and recapturing approximately $550 million of closed block long-term care liabilities. As previously disclosed in a Form 8- K that was filed on August 1, 2016, CNO had commenced an independent third party audit of approximately $116..."/>
CNO Financial Group Announces Termination of Long-Term Care Reinsurance Agreements with Beechwood Re and Recapture of Assets, Liabilities and Policyholder Administration
Fannie Mae Releases August 2016 Monthly Summary
MetLife, Inc. today announced that it will hold its third quarter 2016 earnings conference call and audio webcast on Thursday, Nov. 3, 2016, from 8-9 a.m.. The call will follow MetLife’ s issuance of its third quarter 2016 earnings news release and release of its Third Quarter 2016 Financial Supplement on Wednesday, Nov. 2, 2016, after the market closes. The news release and Third Quarter 2016 Financial Supplement will also be available on the MetLife Investor Relations Web..."/>
MetLife to Hold Conference Call for Third Quarter 2016 Results
Boston Private Financial Holdings, Inc. today announced the appointments of Mark F. Furlong and Joseph C. Guyaux to its Board of Directors, effective immediately. Furlong and Guyaux were also elected to the Board of Boston Private Bank& Trust Company, the wholly-owned banking subsidiary of the Company. “We are very fortunate to have Mark Furlong and Joe Guyaux join Boston Private’ s Board of Directors,” said Stephen M. Waters, Chairman of the Board of Directors.“ Having recently..."/>
Boston Private Adds Mark Furlong and Joseph Guyaux to Board of Directors
First Connecticut Bancorp, Inc., the holding company for Farmington Bank, today announced that it expects to release financial results for the third quarter ending September 30, 2016 and host a conference call as follows:. First Connecticut Bancorp, Inc. is the holding company for Farmington Bank, a full-service community bank with 24 branch locations throughout central Connecticut and western Massachusetts, offering commercial and..."/>
First Connecticut Bancorp, Inc. Announces Third Quarter (Q3 2016) Earnings Release and Conference Call
VolitionRx Limited, a life sciences company focused on developing diagnostic tests for cancer, today announced that it intends to offer and sell shares of its common stock in an underwritten public offering. Volition intends to grant the underwriters a 30- day option to purchase an additional 15% of the shares of common stock sold in the offering, to cover over-allotments, if any. All shares of common stock in the offering are being offered..."/>
VolitionRx Limited Announces Proposed Public Offering of Common Stock
Merchants Bancshares, Inc., the parent company of Merchants Bank, announced today that it will report third quarter 2016 earnings at the close of business on Thursday, October 27, 2016.. Geoffrey R. Hesslink, President and Chief Executive Officer, Eric A. Segal, Interim PFO, PAO and Treasurer, and Marie A. Thresher, Executive Vice President and Chief Operating Officer, will host a conference call to discuss these earnings results, business..."/>
Merchants Bancshares, Inc. Announces Third Quarter 2016 Earnings Release Date and Conference Call
Arbor Realty Trust, Inc. today announced that it intends to offer, subject to market and other conditions, $75 million aggregate principal amount of Convertible Senior Notes due 2019 in an underwritten public offering registered under the Securities Act of 1933, as amended. The Company intends to grant the underwriters a 30- day option to purchase up to $11.25 million aggregate principal amount of additional Notes to cover over-allotments, if any.."/>
Arbor Realty Trust, Inc. Announces Proposed Public Offering of Convertible Senior Notes due 2019
Tabula Rasa HealthCare, Inc., a provider of patient-specific, data-driven technology and solutions that enables healthcare organizations to optimize medication regimens, visited the Nasdaq MarketSite in Times Square today to commemorate its initial public offering on The Nasdaq Stock Market. Tabula Rasa HealthCare’ s suite of cloud-based software solutions enables healthcare organizations to improve patient outcomes, reduce hospitalizations,..."/>
Nasdaq Welcomes Tabula Rasa HealthCare, Inc. (Nasdaq: TRHC) to The Nasdaq Stock Market
Suffolk Bancorp today announced that the three leading proxy advisory firms, Institutional Shareholder Services Inc., Glass, Lewis& Co. and Egan-Jones Proxy Services have each independently recommended that Suffolk shareholders vote FOR the adoption of the agreement and plan of merger between Suffolk and People’ s United Financial, Inc.. Suffolk’ s Special Meeting of Shareholders will be held on October 13, 2016.. In reaching their recommendations that..."/>
All Three Leading Proxy Advisory Firms Recommend that Suffolk Bancorp Shareholders Vote FOR the Merger between Suffolk Bancorp and People’s United Financial, Inc.
Pathfinder Bancorp, Inc., the bank holding company of Pathfinder Bank, has announced that the Company has declared a cash dividend of$. 05 per share on the Company's common stock relating to the fiscal quarter ending September 30, 2016. The dividend will be payable to all shareholders of record on October 14, 2016 and will be paid on November 4, 2016.. About Pathfinder Bancorp, Inc. Pathfinder Bank is a New York State chartered..."/>
Pathfinder Bancorp, Inc. Declares Dividend
Teva Pharmaceutical Industries Ltd. has made many acquisitions over the years, some successful and some less so, but none of its acquisitions escalated into counter lawsuits and severe accusations between Teva and the sellers-- until Teva acquired Mexican company Rimsa. Teva acquired Rimsa a year ago for $2.3 billion, and the acquisition was completed five months later. Two weeks ago, the former owners of Rimsa, the Espinosa Abdala brothers, filed a lawsuit against Teva,..."/>
Teva alleges fraud by Rimsa's previous owners [Globes, Tel Aviv, Israel]
Playtech Cyprus Ltd. and other companies including credit card clearing company Safecharge and Market Tech, which owns London's popular Camden Market."/>
Israel's high-tech billionaires [Globes, Tel Aviv, Israel]
Mackenzie Investments announces risk rating change
Hanover Insurance Group, Inc. today demonstrated further commitment to supporting small businesses with significant enhancements to its business owner's policy base form and product offerings, adding coverages and endorsements, introducing innovative equipment breakdown protection, and increasing limits to help independent insurance agents better serve their small business clients. The company has expanded its base BOP..."/>
The Hanover Significantly Expands Offering for Small Business Owners
BBX Capital in Fort Lauderdale said it has won its appeal in an action brought against the company and former chairman Alan Levan by the U.S. In 2014, a jury ruled that BBX and Levan misled investors about loan losses during the 2007 financial meltdown. BBX Capital's attorney Eugene Stearns said the ruling was based on the judge's pre-trial summary judgment, not the full body of evidence presented in the trial."/>
Court reverses 2014 judgment against BBX, Alan Levan [Sun Sentinel]
U.S. Global Investors, and portfolio manager Ralph Aldis, CFA, are the 2016 winners of the Mining Journal's Best Americas Based Fund Manager award. The award is among the annual Mining Journal's Outstanding Achievement Awards, and was presented in Toronto at the first-ever Mines and Money Americas investment conference on September 27. Mining Journal, based in London, is a leading publication for the..."/>
U.S. Global Investors CEO and Fund Manager Win International Award
Talen Energy by the end of this year, believes it can cut $100 million a year in expenses from the Allentown-based power generation company's ledgers. The information is included in a summary of a presentation the company made to lenders Thursday that it filed with the Securities and Exchange Commission in advance of a scheduled Oct. 6 vote by shareholders on the deal."/>
Riverstone reveals plans to cut $100M in costs at Talen Energy [The Morning Call (Allentown, Pa.)]
Allstate agency owners are thanking those who help protect lives every day. On Sept. 29 Allstate agency owners will deliver pizzas as a thank you to the medical professionals at Dell Children's Medical Center of Central Texas, part of Ascension, the nation's largest Catholic and nonprofit health care system. "As we encourage Texans to schedule life insurance check-ups to make sure they're..."/>
Allstate Agency Owners Honor Life Insurance Awareness Month by Saying Thank You to Nurses Who Help Protect Lives Every Day

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