Industry News

VBI Vaccines Inc., a commercial-stage biopharmaceutical company developing a next generation of vaccines to address unmet needs in infectious disease and immuno-oncology, will visit the Nasdaq MarketSite in Times Square. In honor of the occasion, Jeff Baxter, President and Chief Executive Officer, will ring the Opening Bell. Where: Nasdaq MarketSite– 4 Times Square– 43 rd& Broadway– Broadcast Studio."/>
VBI Vaccines Inc. (Nasdaq: VBIV) to Ring The Nasdaq Stock Market Opening Bell
TD Ameritrade Holding Corporation, one of America’ s leading online brokers, will visit the Nasdaq MarketSite in Times Square. In honor of the occasion, Tom Nally, President of TD Ameritrade Institutional, will ring the Closing Bell. Nally will be joined by the 2016 winners of TD Ameritrade Institutional’ s 4 th annual Next Gen Financial Planning Scholarships and Grants."/>
TD Ameritrade Holding Corporation (Nasdaq: AMTD) to Ring The Nasdaq Stock Market Closing Bell
First Federal of Northern Michigan Bancorp, Inc. today announced that at its July 19, 2016 meeting the Board of Directors approved the declaration of a quarterly cash dividend in the amount of $0.04 per common share. The dividend will be paid on or about August 26, 2016, to stockholders of record as of the close of business on July 29, 2016.. "We are pleased to announce the continuance of our payment of a quarterly dividend to our shareholders."/>
First Federal of Northern Michigan Bancorp, Inc. Announces Quarterly Cash Dividend
Mindtree Ltd on Tuesday closed at a 20- month low, as analysts cut the target price of the stock after the company reported weaker-than-expected June quarter earnings. The stock has now fallen in seven out of nine trading sessions. Ambit Capital, PhillipCapital, Kotak Institutional Equities and Deutsche Bank have reduced the target price on the stock."/>
Mindtree shares fall to 20-month low as analysts cut target price [Mint, New Delhi]
BTB Real Estate Investment Trust is pleased to announce today that it has closed the partial exercise of the over-allotment option from its previously announced public offering of 6,594,000 units at a price of $4.55 per Unit for aggregate gross proceeds of approximately $30 million. The syndicate of underwriters led by National Bank..."/>
BTB Real Estate Investment Trust announces closing of partial exercise of the over-allotment option
Plaza Retail REIT today announced its July 2016 monthly distribution in the amount of $0.02167 per unit. The July distribution will be payable on August 15, 2016 to unitholders of record as at July 29, 2016.. Plaza is an open-ended real estate investment trust and is a leading retail property owner and developer, particularly in Eastern Canada."/>
Plaza Retail REIT announces July 2016 distribution
Experian for the S&P/Experian Consumer Credit Default Indices, a comprehensive measure of changes in consumer credit defaults, shows a composite rate of 0.82% in June, up one basis point from the previous month. The first mortgage default rate reported was 0.65% in June, up two basis points from the prior month. Auto loan defaults recorded a 0.91% default rate, down one basis point..."/>
Consumer Credit Defaults Steady According To The S&P/Experian Consumer Credit Default Indices
Wake Forest Bancshares, Inc., parent company of Wake Forest Federal Savings and Loan Association, announced today that the Company reported earnings of $228,489 or $0.20 per share for its quarter ended June 30, 2016. The Company reported earnings of $220,869 or $0.19 per share for the same quarter a year earlier. Earnings for the first nine months of the Company’ s fiscal year were reported at $656,354 or $0.57 per share versus $684,662 or $0.59 per..."/>
Wake Forest Bancshares, Inc. Announces Third Quarter Results
Lazard World Dividend& Income Fund Inc approved a monthly distribution of USD0.05737 per share on the fund's outstanding common stock, it reported on Monday. With an ex-dividend date of 10 August 2016, the distribution to shareholders of record on 12 August 2016 will be paid on 23 August 2016.. Lazard World Dividend& Income Fund is a diversified, closed-end management investment company and its investment objective is total return through a..."/>
Lazard World Dividend & Income Fund announces USD0.05737 per share distribution for August 2016
Lazard Global Total Return and Income Fund Inc revealed on Monday that its board of directors approved a monthly common stock distribution of USD0.07948 per share on the fund's outstanding stock. Shareholders of record on 12 August 2016 will receive the distribution on 23 August 2016 and the ex-dividend date is 10 August 2016.. Lazard Global Total Return and Income Fund is a diversified, closed-end management investment company that seeks total return, consisting of capital..."/>
Lazard Global Total Return and Income Fund announces USD0.07948 per share distribution for August 2016
Willis Towers Watson, a leading global advisory, broking and solutions company. The study also found the annual cash retainer for board service reached $100,000 for the first time as companies continue to push toward a fixed approach to director pay.."/>
Compensation for outside corporate directors increased moderately in 2015
Willis Towers Watson, a leading global advisory, broking and solutions company, today announced the availability of its updated U.S. Library of Applications, version 3.1, designed for the financial modeling of life insurance, annuity and long-term care products. Library 3.1 provides a broad array of new features and advanced capabilities that give insurers greater insights into the pricing, risk and capital requirements for their products.."/>
Enhanced financial modeling software available for U.S. life insurers
Willis Towers Watson. The survey also found that in the face of continued pre-65 retiree health care cost increases, 72% of employers plan moderate to significant changes in pre-65 retiree health benefits over the next four years. These findings, from the Willis..."/>
Fifty-six percent of employers confident public health insurance exchanges will be an option for pre-65 retiree coverage within two years
TICC Capital Corp. today announced that during the quarter ended June 30, 2016 it exited $59.1 million of 1 st and 2 nd Lien syndicated corporate loans at an average price of 100.2% of the par value of such loans and an estimated weighted average yield at exit price of 6.89%. This was consistent with the Company’ s ongoing strategy of rotating its corporate loan portfolio into higher-yielding, less liquid loans that it will hold on a less-levered basis."/>
TICC Provides Update on Loan Rotation Strategy During the Second Quarter of 2016
U.S. Bancorp, today announced that it is now the preferred processing partner for ZirMed, a leading provider of cloud-based revenue cycle management solutions for the healthcare industry."/>
Elavon is Now ZirMed's Preferred Payment Processing and Security Provider of Choice
Cambridge Bancorp today reported unaudited net income of $4,020,000 for the second quarter of 2016 compared to $3,736,000 for the same quarter in 2015. The increase in earnings of $284,000 was attributable to growth in both lending and noninterest income which benefited from loan related derivative income. Diluted earnings per share were $1.00 for the second quarter of 2016 compared to $0.94 for the same quarter in 2015.."/>
Cambridge Bancorp Reports Second Quarter Earnings

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