Industry News

Ameriprise Financial, fell 57 percent to $41.8 million, because he only exercised $18.1 million in stock options. In the previous two years, he made a total of $150 million by cashing in long-held options."/>
Total compensation for Minnesota public company leaders declines 19 percent [Star Tribune (Minneapolis)]
Ameriprise Financial in Dixon, has qualified for the company's Circle of Success annual recognition program. According to the news release, Novak established himself as one of the company's top advisers by consistently demonstrating exceptional commitment to financial planning and superior client service. Only a select number of high-performing advisers earn this distinction."/>
BRIEF: Adviser nabs high honors [Daily Gazette, Sterling, Ill.]
Hershey Co. chocolate giant faces a challenging future, analysts say. While the central Pennsylvania company has been developing new product lines, its "category has been declining with the changing tastes of millennials," said Jack Russo, senior consumer staples analyst with Edward Jones. "Snacking is taking a different form, more protein"-- energy..."/>
Why Hershey's chocolate company is facing a historic test [The Philadelphia Inquirer]
Hershey Co. chocolate giant faces a challenging future, analysts say. While the central Pennsylvania company has been developing new product lines, its "category has been declining with the changing tastes of millennials," said Jack Russo, senior consumer staples analyst with Edward Jones. "Snacking is taking a different form, more protein"-- energy..."/>
Why Hershey's chocolate company is facing an historic test [The Philadelphia Inquirer]
Farmers facing defaults [Bangkok Post, Thailand]
TMB rides digital wave [Bangkok Post, Thailand]
Progressive Corp. asking her to justify the company's attempts to raise auto insurance premiums for seniors in Maine. "I was greatly concerned to learn that Progressive... has been seeking approval to indiscriminately charge higher automobile insurance premiums based solely on when existing policyholders reach certain ages," the Maine Republican begins her letter to Tricia Griffith, Progressive's top executive."/>
Susan Collins wants Progressive to justify bid to raise Maine seniors' auto insurance rates [Portland Press Herald, Maine]
UBS Group AG expects to touch $48-60 billion by 2020 and Morgan Stanley sees at $120..."/>
10 new VC investors who are upbeat on Indian start-ups [Mint, New Delhi]
Axis Bank Ltd on Friday reported a 21.4% drop in its net profit owing to higher provisions against bad loans. The private sector lender missed analyst estimates and reported a net profit of Rs.1, 555.53 crore as compared with Rs.1, 978.44 crore a year ago. According to 27 Bloomberg analysts, the bank was expected to post a net profit of Rs.2, 010.70 crore."/>
Axis Bank Q1 profit falls 21.38% to Rs1,555.53 crore as provisions jump [Mint, New Delhi]
HMN Financial, Inc. Announces Second Quarter Results
Amazon.com announced Thursday it will hire more than 500 full-time workers and open a second fulfillment center in the Lehigh Valley, this time in a burgeoning business park off the new Route 33 interchange. Already a massive presence in the Lehigh Valley, Amazon plans to open a 1.1 million-square-foot warehouse in the 800- acre Chrin Commerce Centre in Palmer Township, essentially doubling its distribution capacity in the..."/>
Amazon to hire 500 for second Lehigh Valley warehouse [The Morning Call (Allentown, Pa.)]
Columbia Banking System spokeswoman JoAnne Coy said."/>
BRIEF: Columbia Bank closes Canyon Rim Branch [The Times-News, Twin Falls, Idaho]
Highwoods Properties, former owner of Kansas City's Country Club Plaza shopping district, has sold two of the four Plaza area office buildings that weren't included in the retail center's sale. The real estate services company CBRE Group Inc. said Friday that the building at 801 W. 47th St. was sold to Price Brothers Development Co., an entity that already owns adjacent property. Highwoods' former building at 4600 Madison Ave. was sold to Stanton Road Capital LLC, the..."/>
Highwoods sells two of its remaining Kansas City properties [The Kansas City Star]
First Bancshares, Inc., holding company for The First, A National Banking Association, today reported net earnings available to common shareholders of $2.6 million for the second quarter of 2016, compared to net earnings available to common shareholders of $2.1 million reported for the second quarter of 2015 and $2.5 million in net earnings available to common shareholders for the first quarter of 2016. Diluted earnings for the second quarter of 2016..."/>
The First Bancshares, Inc. Reports a 22% Increase in Quarterly Net Earnings and Declares Quarterly Dividends
Kingsway Financial Services Inc.' s US-based CMC Acquisition, LLC subsidiary has agreed with US-based investment firm CRIC TRT Acquisition LLC to purchase 81% of the issued and outstanding capital stock of Texas-based corporation US-based electronic hazard monitoring services firm CMC Industries, Inc. for USD 1.5 m, the company said. The closing of the transactions contemplated by the purchase agreement is subject to the satisfaction of..."/>
Kingsway Agrees Closes USD 1.5m Acquisition of Electronic Hazard Monitoring FIrm CMC Industries

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