Industry News

WhiteHorse Finance Inc authorised a distribution of USD0.355 per share for the quarter ending 30 September 2016.. Shareholders of record as of 19 September 2016 will receive the dividend payment on 3 October 2016.. A non-diversified, closed-end management investment company, WhiteHorse Finance is a direct lender targeting debt investments in private, small-cap companies in the US."/>
WhiteHorse Finance declares distribution of USD0.355 per share for quarter
Ameris Bancorp declared on Thursday that its board of directors authorised a quarterly cash dividend of USD0.10 per share on the company's common stock. This dividend is double of that paid in the prior quarters and will be paid on 11 October 2016, to shareholders of record as of the close of business on 30 September 2016.. A bank holding company, Ameris Bancorp is the parent of Ameris Bank that had 102 locations in Georgia, Alabama, northern Florida and South Carolina, at the end of..."/>
Ameris Bancorp declares higher dividend of USD0.10 per share for Q3 2016
Torchmark Corporation authorised a quarterly dividend of USD0.14 per share on all of the company's outstanding common stock, it reported on Thursday. All shareholders of record as of the close of business of the company's transfer agent on 7 October 2016 will receive the dividend payment on 1 November 2016.. A holding company, Torchmark through its subsidiaries, provides various life and health insurance products and annuities in the US, Canada and New..."/>
Torchmark announces dividend of USD0.14 per share for quarter
Yes Bank Ltd lost over Rs.7, 400 crore in market value in the last three days. The bank on Thursday deferred its proposed $1 billion new share sale to institutional investors. On Friday, the stock fell as much as 5.31% and touched a low of Rs.1, 260 a share, a level last seen on 12 August."/>
Yes Bank investors lose Rs7,400 crore as shares tank 12.5% in last 3 days [Mint, New Delhi]
Vedanta Ltd will hold the court-convened meeting in Goa on Thursday for the proposed merger with its subsidiary Cairn India Ltd.. For the merger to go through, half the minority investors have to approve the deal. Vedanta plans to close the transaction by the end of March 2017.."/>
Vedanta to hold shareholders meet on proposed merger with Cairn India today [Mint, New Delhi]
Verint Systems Inc. published its financial statements, which matched the market's expectations, after the end of trading yesterday. Analysts covering the company regard this as a positive sign, after the company disappointed them more than once in previous quarters. Verint, managed by president and CEO Dan Bodner, supplies systems and services for business and security intelligence."/>
Verint revenue down in Q2, as expected [Globes, Tel Aviv, Israel]
ICICI Bank has deployed' software robotics' with 200 robots processing a million transactions every day. India's largest private bank on Thursday announced the deployment of' software robotics' in over 200 business processes across various functions of the bank. "At ICICI Bank, software robots have reduced the response time to customers by up to 60% and increased accuracy to 100% thereby sharply improving the bank's..."/>
ICICI Bank's 200 robots process a million transactions a day [Hindustan Times, New Delhi]
Mint, New Delhi, Rajesh Kumar column [Mint, New Delhi]
Bhushan Steel Ltd are looking to carve out some parts of the business for sale as they seek to recover some of the more than Rs.44, 000 owed by the steel producer, said two people with knowledge of the matter. At the same time, the lenders are trying to figure out restructuring options for the rest of the company. They have identified the Bhushan Steel asset in Odisha as a high-quality asset that can be separated from the company and sold, said one of the two..."/>
Bad loans fallout: Bhushan Steel lenders look to sell assets [Mint, New Delhi]
Yes Bank Ltd on Thursday deferred its proposed $1 billion institutional private placement after its stock declined more than 5% following the fund-raising announcement. The Mumbai-based lender cited "extreme volatility and misinterpretation of new QIP guidelines" for the delay, in a stock exchange filing. "Due to extreme volatility during today's trading day because of misinterpretation of new QIP guidelines, Yes Bank has been advised by its appointed..."/>
Yes Bank defers $1 billion share sale after stock plunges [Mint, New Delhi]
ICICI Bank Ltd, India's largest private sector lender, on Thursday launched its robotic software which will take care of multiple backend transactions at the bank. The bank has already transferred about 200 of its business processes under the robotic software, which will manage 1 million transactions per day, said Chanda Kochhar, managing director and chief executive officer, ICICI Bank. Under this campaign, software robots will take over high repitition, high..."/>
ICICI Bank launches robotic software to improve efficiency and cost management [Mint, New Delhi]
Bridgepoint Education-- avoid being steamrolled by the government scrutiny and tough market conditions that brought down ITT? According to analysts, the sector can survive."/>
For-profit colleges facing tough times [The San Diego Union-Tribune]
Ohio Legacy Corp., parent company to Premier Bank and Trust, has agreed to merge with Youngstown-based United Community Financial Corp.. The banks announced the deal late Thursday. The transaction is valued at $40.3 million or $18 per Ohio Legacy common share, the company stated in a press release."/>
Premier Bank to join Youngstown financial service company [The Repository, Canton, Ohio]
Supervalu Inc.' s struggles to shore up its grocery operations, including Twin Cities market leader Cub Foods and its Save-A-Lot discount unit, are being hurt by competition and price deflation, executives said Thursday. The Eden Prairie-based firm became the latest major grocery company to warn that its performance in the summer months would be below expectations. Executives cut their outlook for the rest of the company's financial year, which ends in April."/>
Supervalu joins other grocers with profit warning, shares fall [Star Tribune (Minneapolis)]
M and A Navigator: Deal pipeline –9 September
Grenville Strategic Royalty Corp. announces that the board of directors of the Corporation has declared a dividend of $0.00416 per common share for the month of September 2016, representing $0.05 per share on an annualized basis."/>
Grenville Declares September 2016 Dividend

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