Industry News

PrivateBancorp Inc revealed on Monday that its board of directors approved a cash dividend of USD0.01 per share for the third quarter of 2016, unchanged from the prior quarter. This dividend will be paid on 30 September 2016 to stockholders of record on 16 September 2016.. PrivateBancorp through its subsidiary The PrivateBank and Trust Company, offers tailor made business and personal financial services in the US."/>
PrivateBancorp announces dividend of USD0.01 per share for quarter
Claris Lifesciences Ltd last year, is readying a bid for the Indian company's injectable drugs business, reported Mint."/>
Deals Buzz: Future Group explores deal with Aditya Birla Retail [Mint, New Delhi]
Gazit-Globe Reports Second Quarter 2016 Financial Results
RBL Bank's IPO subscribed 3.08 times on day 2 [Mint, New Delhi]
RBL Bank's IPO subscribed 3.08 times on day 2 [Mint, New Delhi]
Reliance Industries Ltd which last month announced that it planned to launch small-capacity cylinders. RIL, which has tested and developed a 4 kg cylinder, told analysts in a..."/>
Oil marketing firms see huge opportunity in small LPG cylinders [Mint, New Delhi]
Claris Lifesciences Ltd last year, is readying a bid for the Indian company's injectable drugs business, according to two people familiar with the development. The private equity firm will partner with a drug maker to acquire Claris's business that is valued at about $400-450 million, said one of the two people cited above, requesting anonymity. The name of Carlyle's partner for the bid could not be..."/>
Carlyle Group readies bid for Claris's injectable drugs business [Mint, New Delhi]
State Bank of India, said on Monday. "If banks are not able to book profits on their treasury books, where do the provisions come from? Once we have classified lot of assets, provisioning is automatic."/>
Treasury profit will have to cover for higher provisions, says SBI [Mint, New Delhi]
Solutions Group, DATUM, TRACE International, Inc., Capital Teas, Mavenspire, and SailTime were all listed on Inc. 5000, an ordered list of fast growing companies in America. Inc. is a website focusing on business news and information."/>
Fast-growing Annapolis businesses make annual list [The Capital, Annapolis, Md.]
SEC clears Pikesville man of fraud charges [The Baltimore Sun]
AT&T announces Cuba voice, text, data service [Sun Sentinel]
Talen Energy's merger with New York City-based private equity firm Riverstone Holdings. The lawsuits, filed by Talen Energy shareholders, make similar allegations: that Riverstone Holdings' 35 percent ownership of Talen gave it undue influence over Talen company officials' decision to accept its takeover bid. "This thing does not pass the smell test," said Wendell Hunt, a Talen..."/>
Shareholders sue to block Talen's sale to Riverstone [The Morning Call (Allentown, Pa.)]
Aetna Inc. has improved its credit prospects by leaving public health exchanges in hundreds of counties, Moody's Investors Service said Monday. The ratings agency said Aetna's decision to sharply reduce its presence in the Affordable Care Act exchanges to 242 counties from 778 next year is "credit positive" because it reduces an "earnings drag from unprofitable products." "Aetna's exit from these products in a large majority of its states reduces its exposure to what has..."/>
Aetna's Credit Prospects Boosted After Obamacare Pullback [The Hartford Courant]
4th Bank Failure of 2016 [Mortgage Daily]
Chicago Tribune Phil Rosenthal column [Chicago Tribune]
M and A Navigator: Deal pipeline –23 August
Carver Bancorp, Inc., the holding company for Carver Federal Savings Bank, today announced financial results for its first quarter ended June 30, 2016 of fiscal year 2017.. The Company reported net income of $408 thousand, or basic and diluted earnings per share of $0.04, for the quarter ended June 30, 2016, compared to net income of $445 thousand, or basic and diluted earnings per share of $0.05, for the quarter ended June 30, 2015.. “We are pleased with the first..."/>
Carver Bancorp, Inc. Reports First Quarter Fiscal Year 2017 Results
Condor Hospitality Trust, Inc. has closed on a joint venture acquisition with New York-based Boast Hotel Management Company LLC, an affiliate of New York-based hospitality equity and debt investment group Three Wall Capital, of the 254- room Aloft Atlanta, located in downtown Atlanta, Georgia, the company said. The purchase price for the hotel is USD 43.55 m. Through its operating partnership..."/>
Condor Hospitality Trust to Acquire Aloft Atlanta Downtown Hotel for USD 43.55m

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