Industry News

Ormat Technologies Inc., managed by CEO Isaac Angel and controlled by the FIMI Opportunity Funds, is acting to raise hundreds of millions of dollars in non-tradeable debt from Israel's financial institutions in order to recycle a loan under improved conditions. According to market sources, local underwriting entities are currently discussing two raise options with the financial institutions a private loan or an issue of a series of non-..."/>
Ormat to raise $250m dollars for loan recycling [Globes, Tel Aviv, Israel]
Business Beat [The Spokesman-Review, Spokane, Wash.]
Truett-Hurst severs ties with Westside Road location. Truett-Hurst Inc. will completely move out of the Westside Road facility that houses its VML Winery by May 31, 2017 under an agreement reached with its former property owner Bill Hambrecht. Napa-based Huneeus Vintners bought the property last week after it was placed into receivership."/>
Viticulture briefs [The Press Democrat, Santa Rosa, Calif.]
Women's conference set for Oct. 20 [The Sanford Herald, N.C.]
MidWestOne Financial Group, Inc. reported its financial results for the three and six months ended June 30. Net income for the second quarter of 2016 totaled $4.8 million, compared with $4.5 million for the same period last year. Both basic and diluted earnings per share were $0.42 for the second quarter of 2016, compared with $0.43 basic earnings per share and $0.42 diluted earnings per share for the second quarter of 2015."/>
MidWestOne reports slight increase in net income [The Hawk Eye, Burlington, Iowa]
Welltower Inc. has announced two employee promotions. Mercedes Kerr has been named executive vice president, business development. Previously, she had been senior vice president of business development."/>
BRIEF: Business notebook: Achievements [The Blade, Toledo, Ohio]
SABMiller has backed an improved pounds sterling 79 bn bid from rival AB InBev– meaning that the decision will now be put to the former's shareholders in a vote. It will bring more than 400 world-famous brands such as Stella Artois and Foster's beer under one roof and create a behemoth with a 30 pc share of the global market."/>
Beer giants back pounds sterling 79bn mega dEAL [Daily Mail, London]
BA boss: sunseekers will carry on flying [Daily Mail, London]
Barclays dropped 20 pc as it set aside yet more cash to deal with the PPI scandal. The lender's profit fell to pounds sterling 2.1 bn in the first half of the year, reflecting a struggle with volatile markets and record low interest rates. And it set aside an extra pounds sterling 400 m for PPI claims– taking the total costs of mis-selling payment protection insurance to pounds sterling 7.8 bn."/>
Barclays hit by pounds sterling 400m PPI bill as profits take a tumble [Daily Mail, London]
SABMiller has fallen under the wagon, in the biggest ever takeover of a UK domiciled company. But no one can accuse the robust SABMiller chairman Jan du Plessis of rolling over. He managed to force the price up seven times, with the Belgian-based Brazilian brewer adding an extra pound this week."/>
Daily Mail, London, business briefs column [Daily Mail, London]
Daily Mail, London, business briefs column [Daily Mail, London]
Daily Mail, London, market report column [Daily Mail, London]
HBTF posts JD97.1m in profit in H1 [Jordan Times, Amman]

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