Industry News

Infinity Property and Casualty Corporation, today announced Mr. James R. Gober, Chairman, President and CEO, Mr. Rob Bateman, EVP and CFO, and Mr."/>
Infinity Property and Casualty Corporation to Present at the 2016 Keefe, Bruyette & Woods Insurance Conference
Home Capital Group Inc. and its federally regulated lending subsidiary, Home Trust Company, today provided a statement on loan sales practices following a recent report published on an investing web site. Home Trust, in the normal course of its business, from time to time sells loans to third parties, when loans require work-outs or restructurings. All loans sold to third parties are accounted for, with any losses reflected in write-offs for the related..."/>
Home Capital Statement on Loan Sales Practices
Nasdaq MarketSite in Times Square to raise awareness for the tens of thousands of Americans impacted by historic flooding in Louisiana, the worst natural disaster in the US since Superstorm Sandy. More than 1900 Red Cross workers are on the ground in Louisiana now providing shelter, food and comfort, and will continue to be there in the weeks and months ahead, helping residents recover from this devastating disaster."/>
American Red Cross to Ring the Nasdaq Stock Market Opening Bell
Nasdaq MarketSite in Times Square to commemorate Pakistan's 70 th Independence Day. In honor of the occasion Ambassador Lodhi will ring the Closing Bell. Where: Nasdaq MarketSite– 4 Times Square– 43 rd& Broadway– Broadcast Studio."/>
Ambassador Dr. Maleeha Lodhi as Chief Guest of Pakistan American Business Association to Ring The Nasdaq Stock Market Closing Bell
Rockwell Collins will begin to move those 300 employees back into its main campus next month. Rockwell spokeswoman Pam Tvrdy-Cleary said the decision to move them to 400 Collins Rd. NE was to co-locate them with the employees they work with and support."/>
Rockwell Collins to move 300 out of downtown [The Gazette, Cedar Rapids, Iowa]
Old Republic International Corporation today announced the pricing of $550 million aggregate principal amount of Senior Notes due 2026. The Senior Notes will mature on August 26, 2026 and will have an interest rate of 3.875%. The Senior Notes were priced at 99.819% to yield 3.897% to maturity."/>
Old Republic Announces Pricing Of 3.875% Senior Notes Due 2026
Apollo Commercial Real Estate Finance, Inc. and Apollo Residential Mortgage, Inc. today announced the common stockholders of AMTG approved the proposed acquisition of AMTG by ARI at a special meeting of AMTG stockholders. Upon the completion of the acquisition, AMTG common stockholders will receive 0.417571 shares of ARI common stock and $6.86 in cash for each share of AMTG common stock that they hold, based upon AMTG’ s book value per share of common stock on the pricing..."/>
Apollo Residential Mortgage, Inc. Receives Stockholder Approval to Be Acquired by Apollo Commercial Real Estate Finance, Inc. and Announces Closing Date for Completion of the Acquisition
American International Group Inc on Tuesday named Cindy Leggett-Flynn as senior vice president and chief communications officer, as of 19 September 2016.. In this position Leggett-Flynn reports to Jeffrey Hurd, executive vice president and chief operating officer, and will oversee the company's communications strategy, corporate brand and marketing, internal communications, media relations and corporate citizenship activities. Most recently, Leggett-Flynn was a New..."/>
AIG appoints Cindy Leggett-Flynn as SVP and chief communications officer
Jefferson Security Bank announced on Tuesday a half yearly dividend of USD0.50 per share, as approved by its board of directors. This dividend will be paid on 15 September 2016 to shareholders of record as of 31 August 2016. The total dividend of USD1.00 per share for 2016 represents an increase of 11% when compared to the 2015 total of USD0.90 per share."/>
Jefferson Security Bank declares half yearly dividend of USD0.50 per share
Preferred Apartment Communities, Inc. today announced that it closed on a loan investment of up to approximately $21.1 million. This investment is in connection with Bristol Development Group's plans to develop a 271- unit multifamily community located in Birmingham, Alabama. Additionally, with this investment, PAC received an option to purchase the multifamily community following stabilization at a discounted price to market."/>
Preferred Apartment Communities, Inc. Announces Investment in Birmingham, Alabama Multifamily Development
Allied World Assurance Company Holdings AG on Wednesday revealed that Jason Glasgow has been appointed vice president, practice lead of Technology, Privacy& Network Security Professional Liability for Allied World U.S. Glasgow in this position will be in charge of the strategy, management and underwriting of Allied World's U.S. Most recently, Glasgow was with Travelers where he served as vice president and Cyber Risk Product Manager."/>
Allied World North America names Jason Glasgow as head of U.S. Cyber Platform
Farmers National Banc Corp's board of directors has approved a common stock cash dividend of USD0.04 per share, the company reported on Wednesday. This dividend will be paid on 30 September 2016 to all shareholders of record on 9 September 2016.. A diversified financial services company, Farmers has banking assets of USD1.9bn and trust assets of USD1bn."/>
Farmers National Banc Corp announces dividend of USD0.04 per share
Empire State Realty Trust Inc declared on Wednesday that an affiliate of Qatar Investment Authority has invested USD622m and acquired a 9.9% interest in the company on a fully diluted basis. QIA purchased 29,610,854 newly issued class A common shares at USD21.00 per share, equivalent to a 9.9% economic and voting interest in the company on a fully diluted basis. This QIA interest is in class A shares that reflect a 19.4% ownership of class A shares; however, it can only vote shares..."/>
Empire State Realty Trust reports USD622m investment by Qatar Investment Authority
Willis Towers Watson, a leading global advisory, broking and solutions company. The survey of 967 U.S. companies also found that employers continue to reward their best performers with significantly larger pay raises as they look for ways to keep their top talent and strengthen their pay-for-performance cultures. The survey, conducted by Willis Towers Watson..."/>
U.S. companies holding the line on pay raises for 2017, Willis Towers Watson survey finds
Morguard, a North American real estate and property management company, today launched a national social cause marketing campaign called BeYou, supported by Big Brothers Big Sisters of Canada. With the goal of helping girls increase self-esteem, personal growth and self-worth, the program will be rolled out in 21 enclosed shopping centres in the Morguard owned and managed retail portfolio. The multi-faceted social cause marketing campaign is..."/>
Morguard Launches BeYou: National Retail Social Cause Marketing Campaign In Support of Helping Young Girls Increase Self-Esteem, Personal Growth and Self-Worth
First Capital Realty Inc., one of Canada's largest owners, developers and managers of grocery anchored, retail-focused urban properties, announced today that it intends to renew its normal course issuer bid for each of its outstanding series of convertible unsecured subordinated debentures. All convertible debentures purchased under the NCIB will be cancelled."/>
First Capital Realty Announces Renewal of Normal Course Issuer Bid For Convertible Debentures
The Information Industry in the U.S. and Abroad
Square 1 Bank Announces Credit Facility to Revionics
NATIONAL Grid faces an pounds sterling 18 m bill over emergency plans to keep the lights on. It paid pounds sterling 113 m to Drax and Fiddler's Ferry power stations for so-called black-start services– ensuring they could restart themselves independently if there was a catastrophic power cut. Drax was considering mothballing some of its units and Fiddler's Ferry faced closure, which would have affected black-start capability."/>
Daily Mail, London, business briefs column [Daily Mail, London]
JRP Group to set a change of direction in motion after two months of share price falls. The annuity provider had been the worst faller on the market since the EU referendum; its share price had fallen more than 40 pc from June 23 to when the FTSE opened yesterday. But a confident update helped to allay investors' fears."/>
Daily Mail, London, market report column [Daily Mail, London]
Gabelli Go Anywhere Trust announces extension of IPO
Apollo Global Management LLC have decided to further extend the offering of Apollo's cash tender offer for all of Diamond Resorts International Inc's outstanding shares of common stock, Apollo reported on Wednesday. This extension of the tender offer will be for a period of four business days and the new expiry date will be 17:00 New York City time on 30 August 2016, unless further extended. Continental Stock Transfer& Trust..."/>
Affiliates of funds managed by affiliates of Apollo Global Management extend tender offer for Diamond Resorts shares

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