Digital Realty Announces Pricing of Senior Notes and Preferred Stock Offerings

2017-08-02

The company also announced today the pricing of an underwritten public offering of 8,000,000 shares of 5.25% Series J Cumulative Redeemable Preferred Stock with a liquidation preference of $25.00 per share for gross proceeds of $200 million.  The company has also granted the underwriters a 30-day option to purchase from the company up to an additional 1,200,000 shares.  The notes and preferred stock offerings are expected to close on August 7, 2017, subject to customary closing conditions.  The company intends to use the net proceeds from the offering of the notes and preferred stock to fund a portion of the repayment, redemption and/or discharge of debt of DuPont Fabros in connection with their previously announced merger and the payment of certain fees and expenses incurred in connection with the merger.  If the net proceeds from these offerings (and other financing sources) exceed the amount needed to fund the contemplated repayment of DuPont Fabros’ debt and...

Help Identify Drunk Drivers Before They Cause Harm
Help Identify Drunk Drivers Before They Cause Harm

2017-08-01

Restaurants and taverns must get stricter about curtailing service to impaired customers for the sake of every driver on the road, according Press Release – updated: Aug 1, 2017 07:00 EDT Birmingham, MI, August 1, 2017 – An impaired driver recently zoomed out of a downtown Detroit casino and barreled onto the Bagley ramp to U.S. 10 going the wrong way. He forced two cars off the road and zoomed onto the expressway before a Michigan State Trooper stopped him. Restaurants and taverns must get stricter about curtailing service to impaired customers for the sake of every driver on the road, according to Dani Liblang, principal of the Birmingham-based Liblang Law Firm. All the safety technology and all the pleading from organizations like Mothers Against Drunk Driving doesn’t stop the carnage. Every year...

ARCHITECTUREFIRM Welcomes Adam Ruffin to Lead NYC Office
ARCHITECTUREFIRM Welcomes Adam Ruffin to Lead NYC Office

2017-08-01

Richmond-based ARCHITECTUREFIRM has opened a new office in Brooklyn, NY which will be led by Partner, Adam Ruffin. Press Release – updated: Aug 1, 2017 08:00 EDT RICHMOND, Va., August 1, 2017 – ARCHITECTUREFIRM welcomes Adam Ruffin as Partner and is excited to announce his leadership of our Brooklyn office. Adam joins us fresh off a nearly 15-year career at Thomas Phifer and Partners, one of the longest tenured members of that office’s history. As a critical leader at TPP, he oversaw design and management work on some of the firm’s most important cultural and residential projects, including the Corning Museum of Glass in Corning, New York; the North Carolina Museum of Art in Raleigh, North Carolina; the Fishers Island Residence on Fishers Island, New York; and the Cine Colombia...

CIR Announces Q&A Sessions on 5G Wireless and Optical Networking & Embedded Optics
CIR Announces Q&A Sessions on 5G Wireless and Optical Networking & Embedded Optics

2017-08-01

    CHARLOTTESVILLE, VA, August 01, 2017 — Industry analyst firm CIR is hosting two Q&A sessions to discuss findings from two recently issued reports that address 5G wireless backhaul and embedded optics. The sessions are open to the anyone interested in learning more about how CIR views these market opportunities and there is no cost to attend. 5G Wireless Backhaul and Optical Networking: The first session will take place on Wednesday, August 2, 2017 at 1:00 PM EDT. This event will discuss findings from the firm’s new report, “Optical Networking Opportunities in 5G Wireless Networks:2017-2026.” In the report, CIR predicts that worldwide expenditures on 5G backhaul will exceed $2 billion dollars by 2022 and that the optical networking industry will...

Brighthouse Financial Set to Join S&P 500; AutoNation to Join S&P MidCap 400; FTI Consulting to Join S&P SmallCap 600
Brighthouse Financial Set to Join S&P 500; AutoNation to Join S&P MidCap 400; FTI Consulting to Join S&P SmallCap 600

2017-07-31

Brighthouse Financial provides life insurance and annuity solutions. Headquartered in Charlotte, NC, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Life & Health Insurance Sub-Industry index. AutoNation operates as an automotive retailer. Headquartered in Fort Lauderdale, FL, the company will be added to the S&P MidCap 400 GICS Automotive Retail Sub-Industry index. FTI Consulting provides business advisory services to manage change, mitigate risk, and resolve disputes. Headquartered in Washington, D.C., the company will be added to the S&P SmallCap 600 GICS Research & Consulting Services Sub- Industry index. Following is a summary of the changes: S&P 500 INDEX – August 7, 2017 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Brighthouse Financial...

The Charlotte Daily Courier Local News Website Offers Charlotte Breaking News
The Charlotte Daily Courier Local News Website Offers Charlotte Breaking News

2017-07-29

CHARLOTTE, NC – 07/29/2017 (PRESS RELEASE JET) — The Charlotte Daily Courier, sometimes referred to as CharlotteBreakingNews.com or just Charlotte Breaking News, is a local news website offering national and local news in Charlotte, North Carolina. Charlotte Breaking News syndicates news release directly from Perpetual Wire, the world’s leading digital provider of news-related content; and offers the ability for residents to send in local news in their neighborhood and community. Charlotte...

Industrial Motions Announces a Contract with Great Lakes Cheese Company to Provide Material Handlers Skills Training and Employee Engagement Programs to All Great Lake’s Locations
Industrial Motions Announces a Contract with Great Lakes Cheese Company to Provide Material Handlers Skills Training and Employee Engagement Programs to All Great Lake’s Locations

2017-07-29

    RALEIGH, NC, July 29, 2017 — Extra cheese please! Industrial Motions, Inc. announced a new contract signed with the Great Lakes Cheese company of Hiram, Ohio. Great Lakes Cheese is one of the largest producers of consumer grade cheese in the country. Director of Employee Health and Safety, Jacalyn McCarthy, says “If you see it on the supermarket shelf, it is likely to come from one of our facilities.” Industrial Motions will be providing Material Handlers Skills training, Work Day Warm-up exercises, and Employee Engagement Programs for all nine Great Lake’s locations, starting with the four largest packaging facilities. Mrs. McCarthy is familiar with the work Frank Murray and Industrial Motions has provided to other major manufacturing plants in the U.S. and Europe. “IM’s approach to material handling training is unique in that it empowers employees with the information they need in order to help control their own risk of...

Prosperity Bancshares, Inc.® To Present At Keefe, Bruyette & Woods Bank Conference
Prosperity Bancshares, Inc.® To Present At Keefe, Bruyette & Woods Bank Conference

2017-07-28

David Zalman, Chairman and Chief Executive Officer; Eddie Safady, President; and Charlotte Rasche, Executive Vice President and General Counsel will be presenting for the Company.  The presentation will be approximately 20 minutes followed by a 10 minute question and answer period.  Management will be discussing highlights of the Company’s financial performance, operating results, corporate strategies, and economic environment. A live audio presentation will be simultaneously webcast and will be accessible at http://wsw.com/webcast/kbw40/pb.  If you are unable to participate during the live webcast, the presentation will be archived on the Company’s website at http://www.prosperitybankusa.com.  To access the replay, select “Presentations & Calls” from the drop-down...

Blue Ridge Bankshares, Inc. Releases 2017 2nd Quarter Results
Blue Ridge Bankshares, Inc. Releases 2017 2nd Quarter Results

2017-07-28

The Company experienced net income growth of 127.6% and asset growth 40.7% since the second quarter of 2016, of which approximately $114 million was due to the acquisition of River Bancorp, Inc.  The Company also experienced meaningful growth in total deposits, increasing 48.8% since the first quarter of 2016, of which approximately $97 million was related to the acquisition. Financial Highlights (Unaudited) Three Months Ended Six Months Ended 6/30/2017 6/30/2016 6/30/2017 6/30/2016 (Dollars in thousands, except per share data) Net income $ 1,270 311 $...