Industry News

WesBanco, Inc., a multi-state bank holding company with total assets of approximately $8.4 billion, announced today that its Board of Directors has declared a quarterly cash dividend of $0.24 per share to be paid to its holders of common stock. The dividend will be payable on October 1, 2016 to shareholders of record on September 14, 2016, and represents an annualized cash dividend rate of $0.96 per common share. Founded in 1870, WesBanco,..."/>
WesBanco Declares Quarterly Cash Dividend to Its Shareholders
PHH Losing More Subservicing Business [Mortgage Daily]
Ocwen Financial Corp. over unlicensed activities. The West Palm Beach, Florida-based company's servicing subsidiary, Ocwen Loan Servicing LLC, is licensed as a servicer in the state of Washington. But Ocwen has reportedly been utilizing two offshore affiliates that were note licensed to handle some of its mortgage servicing in the Evergreen State."/>
Ocwen Settles Allegations of Unlicensed Servicing [Mortgage Daily]
SABMiller in October. Belgium-based A-B InBev, the world's largest brewer with about 150,000 employees globally, announced the planned job cuts Friday as it gave an update on its $100 billion-plus deal to buy SABMiller. SABMiller, which is based in London, has 70,000 employees currently but is paring its European and other assets for..."/>
A-B InBev to cut thousands of jobs after SABMiller deal [St. Louis Post-Dispatch]
GEO Group, Inc.. Investors who purchased or otherwise acquired shares between March 1, 2012 and August 17, 2016 inclusive, are encouraged to contact the Firm prior to the October 24, 2016 lead plaintiff motion deadline.. If you purchased shares of GEO during the Class Period, please contact Joon M. Khang, Esquire, of Khang& Khang, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone:..."/>
IMPORTANT INVESTOR ALERT: Khang & Khang LLP Announces Securities Class Action Lawsuit against The GEO Group, Inc. and Encourages Investors with Losses to Contact the Firm
Pinetree Capital Ltd. today announced an update in respect of its beneficial ownership of common shares of Pitchblack Resources Ltd.. On March 21, 2015, Pinetree's 150,000 common share purchase warrants of Pitchblack expired in accordance with their terms and ceased to exist. Immediately prior to the Occurrence, Pinetree beneficially owned 400,000 common shares of Pitchblack, which was comprised of 250,000 common shares and 150,000..."/>
Pinetree Capital Ltd. Provides Update of Its Beneficial Ownership of Common Shares of Pitchblack Resources Ltd.
Imperial Equities Inc. today announced that it intends to make a Normal Course Issuer Bid through the facilities of and in accordance with the by-laws and rules of the Toronto Venture Exchange to be transacted through the facilities of the TSX and other Canadian marketplaces. Imperial Equities Inc. currently has 9,751,542 outstanding common shares. The bid will allow Imperial to purchase up to 487,577 common shares, representing 5% of those..."/>
Imperial Equities Inc. Announces Bid to Purchase Shares.
Selective Insurance Group, Inc. announced today that Gregory E. Murphy, Chairman and CEO, and John J. Marchioni, President and COO, will speak at the Keefe, Bruyette& Woods 2016 Insurance Conference on Thursday, September 8, 2016 at 11:00 a.m.. Selective's discussion will be broadcast live on the Internet. Investors are invited to listen by visiting the Investors page of"/>
Selective to Speak at the Keefe, Bruyette & Woods 2016 Insurance Conference
Unum Group announced today that Rick McKenney, president and chief executive officer, will be representing the company at the 2016 KBW Insurance Conference, Wednesday, September 7, 2016, in New York City. McKenney is scheduled to speak at 9:30 a.m. Eastern and will discuss the company’ s business strategy and future growth prospects. There will be a live audio webcast of the presentation available on the Investors section of the company’ s website,..."/>
Unum Group to present at the 2016 KBW Insurance Conference
Templeton Dragon Fund, Inc. today announced a total distribution of $1.5489, comprised of net investment income of $0.2874 per share and long-term capital gains distribution of $1.2615 per share, payable on September 26, 2016 to shareholders of record on September 12, 2016. The Fund's investment manager, Templeton Asset Management Ltd., is an indirect, wholly owned subsidiary of Franklin Resources, Inc., a global investment management..."/>
Templeton Dragon Fund, Inc. ("TDF") Announces Distribution
First American Financial Corporation, a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, today released the June 2016 First American Real House Price Index. The RHPI measures the price..."/>
Foreign Monetary Stimulus a Positive for U.S. Consumer House-Buying Power, According to First American Real House Price Index
ITT Educational Services Inc. today. The Carmel-based for-profit college chain has lost 70 percent of its stock market value in the wake of federal sanctions that likely will result in the closure of most, if not all, of ITT's 137 campuses. ITT shares plunged to 65 cents by around 10 a.m."/>
ITT stock loses 70% of its value in wake of federal sanctions [The Indianapolis Star]
LXB Retail Properties plc has exchanged contracts to sell its B/Q Greenwich location to a private investor based in the UK for USD 57.23 m, the company said. The property is currently let to UK-based outdoor and hardware items retailer B/Q plc until 23 June 2024 at a current rental of GBP 2.244 per annum. This sale is conditional on confirmation of the freeholder's consent which is anticipated imminently."/>
LXB Retail Properties Contracts to Sell B/Q Greenwich Property for USD 57.23m
Segro plc has exchanged contracts to sell the Heston and Airlinks Industrial Estate near Heathrow Airport to Amsterdam, Netherlands-based holding and finance company Capital Industrial Four BV for USD 105 m, the company said. Completion is expected by the end of September. Heston Industrial Estate is a multi-let industrial estate, located to the north-east of Heathrow Airport, comprising 481,000 square feet of warehouse..."/>
UK REIT Segro to Sell Heston Industrial Estate for GBP 79.5m
State National Companies, Inc. today announced that A.M. Best has revised the issuer credit rating outlook to positive from stable and affirmed the financial strength rating of A and the ICRs of“ a” of State National Insurance Company, Inc. and its subsidiaries, National Specialty Insurance Company and United Specialty Insurance Company, which operate under a pooling agreement and are collectively referred to as State National Group."/>
UPDATE -- State National Companies A.M. Best “A” (Excellent) Rating Affirmed
Asure Software Inc, a global provider of human capital management and workplace management software solutions, will visit the Nasdaq MarketSite in Times Square. In honor of the occasion, Pat Goepel, Chief Executive Officer, will ring the Opening Bell. Where: Nasdaq MarketSite– 4 Times Square– 43 rd& Broadway– Broadcast Studio."/>
Asure Software Inc (Nasdaq: ASUR) to Ring The Nasdaq Stock Market Opening Bell Group, Inc., a leading provider of Internet services and online marketing solutions for small businesses, will visit the NASDAQ MarketSite in Times Square in celebration of the culmination of the 2016 Tour season. In honor of the occasion, David Brown, Chairman and Chief Executive Officer, as well as 2016-17 PGA TOUR members Wesley Bryan and Ollie Schniederjans, will ring the Closing Bell. Bryan and Schniederjans are currently Nos. 1 and 4, respectively, on the..."/> Group, Inc. (Nasdaq: WEB) to Ring The Nasdaq Stock Market Closing Bell

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