Industry News

MetLife Hong Kong ^, a wholly-owned subsidiary of MetLife, Inc., the #1 U.S. life insurer*, recorded rapid growth and broad strength in its business results. The first half of the year witnessed many milestones for MetLife Hong Kong. Notable achievements include 116% year-over-year business growth in the first quarter#-- marking MetLife Hong Kong as one of the fastest growing life insurers in the market#, 150% year-over-year agency force growth**, brokerage..."/>
MetLife Hong Kong Surges Ahead With Strong First-Half Performance
Assurant, Inc., a global provider of risk management solutions, announces that its Board of Directors declared a quarterly dividend of $0.50 per share of common stock. The dividend will be payable on Sept. 13, 2016 to stockholders of record as of the close of business on Aug. 29, 2016.. Future dividend declarations will be made at the discretion of the Assurant Board of Directors and will be based on the company's earnings, financial condition, cash requirements, future..."/>
Assurant Board of Directors Declares Quarterly Dividend of $0.50 per Common Share
Synchrony Financial authorised a quarterly cash dividend of USD0.13 per share on the company's common stock, it disclosed on Friday. Shareholders of record at the close of business on 12 August 2016, will receive the dividend payment on 25 August 2016.. Also, the board approved a share repurchase programme of up to USD952m for the four quarters ending 30 June 2017."/>
Synchrony Financial declares USD0.13 per share quarterly dividend and repurchase of USD952m shares
CVB Financial Corp together with its wholly owned subsidiary bank, Citizens Business Bank revealed on Friday that David F. Farnsworth takes over as the new chief credit officer for the company, from 18 July 2016.. Farnsworth succeeded the retired James F. Dowd as of 1 July 2016, as disclosed in a Form 8- K dated 12 April 2016.. With over three decades of banking experience, Farnsworth has been employed in credit management and line positions since 1984, having started his employment..."/>
CVB Financial names David F. Farnsworth as CCO
Care Capital Properties Inc priced its private offering of USD500m total of 5.125% senior notes due 2026, it reported on Friday. Subject to customary closing conditions, the notes offering is expected to close on 14 July 2016.. These notes are being issued by the company's wholly owned operating partnership, Care Capital Properties LP at a price of 100% of the principal amount thereof and will be fully and unconditionally guaranteed, jointly and severally, on a senior unsecured..."/>
Care Capital Properties prices private offering of USD500m senior notes due 2026
PNC Financial Services Group Inc declared on Thursday that its board of directors approved a quarterly common stock cash dividend of USD0.55 per share. This dividend is up USD0.04 per share, or 8% from the second quarter dividend and will be paid on 5 August 2016 to shareholders of record at the close of business on 18 July 2016.. Additionally, the board authorised a quarterly cash dividend of USD0.45 per share on the company's series B..."/>
PNC announces increased common stock and preferred stock dividends for Q3
Parkway Properties Inc authorised a quarterly dividend of USD0.1875 per share, the company reported on Thursday. This 120th consecutive quarterly dividend represents an annual rate of USD0.75 per share and will be paid on 6 September 2016, to shareholders of record on 23 August 2016.. A real estate investment trust, Parkway acquires, owns, develops and manages quality office properties in sub-markets in the Sunbelt region and Chicago, USA. It owns or..."/>
Parkway declares dividend of USD0.1875 per share for quarter
Compass Diversified Holdings's disclosed on Thursday that its board of directors approved a quarterly cash distribution of USD0.36 per share for the three months ended 30 June 2016.. All shareholders of record as of 21 July 2016 will be paid the distribution on 28 July 2016.. The company is a private equity firm specialising in acquisitions, buyouts and middle market investments, investing between USD100 to USD500m in companies with cash flows between USD10m and USD450m,..."/>
Compass Diversified Holdings announces distribution of USD0.36 per share for Q2 2016
Yintech Investment Holdings Limited, the largest online provider of spot commodity trading services in China by customer trading volume in both 2014 and 2015, today raised its guidance for the second quarter of 2016.. For the second quarter of 2016, based upon preliminary data, Yintech expects customer trading volume to be approximately RMB414 billion, compared with the previously stated range of RMB330 billion to RMB360 billion."/>
Yintech Raises Guidance for Second Quarter of 2016
Brookfield Asset Management Inc. has closed the acquisition of US-based REIT Rouse Properties, Inc. for USD 18.25 per share in an all-cash transaction, the company said. Under the terms of the agreement, Brookfield acquired all of the outstanding shares of Rouse's common stock, other than those shares currently held by Brookfield Property Partners L.P. and its affiliates, in a transaction valued at approximately USD 2.8 bn, including Rouse's..."/>
Brookfield Affiliate Closes USD 2.8bn Acquisition Of Rouse Properties
China Everbright Limited and Sichuan Hope Education Group jointly announced that CEL's RMB Mezzanine Fund has invested in Hope Education and become its key strategic shareholders. An agreement for full strategic cooperation was also reached, which will see two strong players joining forces to greatly enhance the effectiveness of Hope Education's capital utilisation and further support its efforts to achieve leapfrog development."/>
China Everbright Limited Invests in Hope Education to Jointly Create China's Top Private Education Brand and Promote Development of China's Education Industry
Mint, New Delhi, Ira Dugal column [Mint, New Delhi]
Product crack: [Mint, New Delhi]
Target and two restaurants. The three retailers, which are expected to open next summer, will include a 21,000 square-foot Target store, pizza restaurant Pieology and a location for the "farm-to-table" fast food chain b.good. "We're very excited about Target anchoring the retail portion of Carolina..."/>
Target to anchor Carolina Square development [The Herald-Sun, Durham, N.C.]
Why is currency with the public rising again? [Mint, New Delhi]
Crisil Ltd, for example, says that revenue growth will hit a two-year high and operating profit growth will hit 13.5%. A good part of this jump comes simply because of a low base of the previous year."/>
How earnings expectations have been dashed in the last two years [Mint, New Delhi]

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