Of Interest

BigRentz Appoints Cannon President and COO

Equipment rental network BigRentz appointed Scott Cannon president and chief operating officer. Cannon most recently served as CEO of MNX Global Logistics. read more

UPS, FedEx Among Top Road Freight Transport Vendors in Coming Years

According to Technavio, UPS, FedEx Freight, J.B. Hunt Transport Services, YRC Worldwide, Swift Transportation and Schneider National will be the six leading vendors of road freight transportation from 2017 to 2021. read more

IronPlanet to Hold Five-Day Florida Cat Unreserved Public Auction

IronPlanet’s Florida Cat Auction Services unreserved public auction will be held over five days from February 13 to February 17 and will feature equipment from Caterpillar, Volvo, John Deere and Komatsu. read more

First Business Financial Consolidates Three Charters

First Business Financial Services will consolidate the charters of its three subsidiary banks, First Business Bank, First Business Bank- Milwaukee and Alterra Bank. read more

Kroll Named Aviation Rating Agency of the Year for Second-Straight Year

Kroll Bond Rating Agency was named Aviation Rating Agency of the Year by Global Transport Finance for the second year in a row. read more

WSJ: U.S. Rig Count Increase Leads to Oil Price Drop

The Wall Street Journal reported that oil prices dropped due to trader concerns over an uptick in drilling coupled with anticipated production cuts. read more

ABI: 2016 Commercial Filings Increase 26% Year/Year

The American Bankruptcy Institute reported total commercial filings during calendar year 2016 were 37,772, up 26% from the 29,920 commercial filings in 2015. read more

Capitala Exits Debt/Equity Investments in Medical Equipment Manufacturer

Capitala Finance, a provider of capital to lower and traditional middle market companies, fully exited its debt and equity investments in Medical Depot (Drive Medical), a manufacturer and distributor of medical equipment. read more

TCF Financial Indirect Subsidiary Enters eContracting Partnership

Gateway One Lending & Finance entered into a partnership with RouteOne to bring indirect auto financing platform and eContracting solutions to Gateway One’s network of more than 12,500 dealers in the U.S. read more

IBM Global Financing Supports Air Canada Rouge iPad Use in Flight

Improving the in-flight experience with help from IBM Global Financing, Air Canada Rouge has used its financing contract to obtain more iPads so it can continue offering this benefit on all of its flights. read more

JPMorgan Chase Boosts Stake in Pioneer Energy Services

According to The Cerbat Gem, citing a 13F filing, JPMorgan Chase boosted its stake in Pioneer Energy Services and now has $10.7 million invested at the end of the most recent reporting period. read more

Solar Energy Could Become Cheapest Power Source

According to a report from Bloomberg, solar energy could overtake coal as the cheapest power source during the next decade. read more

Bloomberg: GE’s Jeff Immelt Explains Rational for New Strategy

Bloomberg reported that at a recent outlook event, General Electric CEO Jeff Immelt was quoted as saying in response to a question about his new strategy, “[it] makes a s***load more sense than Six Sigma did.” read more

Report: Investors Boost Stake in CIT Group

According to the Daily Quint, a number of institutional investors have recently boosted their positions in CIT Group. read more

Diversified Restaurant Holdings Completes Bagger Dave’s Spinoff

Diversified Restaurant Holdings announced the spinoff and distribution of shares of Bagger Dave’s for shareholders of record on December 19, 2016. read more

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