Of Interest

CIT Retail Outlook: Middle Market Retailers Optimistic for Holiday Season

According to the eighth annual CIT Retail Outlook, 80% of middle market retailers rate their overall financial condition as healthy or very healthy. read more

GTM Report: Solar Financing Hits Five-Year Low in H1/16

According to a report from GTM Research, U.S. Residential Solar Financing 2016-2021, third-party ownership through leases and power purchase agreements hit a five-year low of 56% in the first half of 2016. read more

Boeing Hires GE Aviation CEO to Run Commercial Airplanes Business

Boeing named Kevin G. McAllister president and CEO of Boeing Commercial Airplanes. McAllister was previously with GE Aviation where he served as president and CEO of GE Aviation Services. read more

Wells Fargo Provides $11.2MM to Support Diverse-Owned Small Businesses

Wells Fargo is providing $11.2 million to help 12 Community Development Financial Institutions better serve diverse-owned small businesses. read more

GE, Siemens Acquisitions Bolster Digital Presence

According to Bloomberg, General Electric purchased cloud-based software company ServiceMax for $915 million and Siemens AG bought Mentor Grahpics, a U.S. software manufacturer, for $4.5 billion. read more

Rig Counts in U.S. Up in Latest Baker Hughes Report

Baker Hughes reported rig counts in the U.S. were up from 568 the previous week to 588 as of November 18, 2016. read more

Hawthorne Cat Promotes Vena to Corporate Rental, Used Equipment Manager

Hawthorne Cat, the exclusive Cat equipment dealer in San Diego, the Hawaiian Islands and the Pacific Region, promoted Greg Vena to corporate rental and used equipment manager. read more

TCF Financial Names Adams Director of Corporate Development & Strategy

Brad Adams, formerly of Talmer Bancorp, joined TCF Financial as executive vice president and director of corporate development and strategy. read more

eOriginal Secures $26.5MM Investment From LLR Partners

eOriginal, a digital transaction management company, secured a $26.5 million investment led by private equity firm LLR Partners to accelerate growth and product development. read more

U.S. Rail Traffic Down 6.4% YTD 

In its weekly release, the Association of American Railroads revealed that for the first 44 weeks of 2016, U.S. railroads reported cumulative volume of 11.08 million carloads, down 9.8% year-over-year. read more

GE Board Elects Qualcomm’s Mollenkopf as Independent Director

General Electric elected CEO and a director of Qualcomm Steven M. Mollenkopf to the company’s board of directors read more

New Energy Capital Provides Financing to Support Ygrene Energy Fund

Ygrene Energy Fund secured a $30 million financing facility from the New Energy Capital Infrastructure Credit Fund. read more

Acasta to Acquire Stellwagen for $270MM

Acasta will acquire Stellwagen for approximately $270 million plus future consideration contingent on the operating performance of the asset-management provider over the next three to five years. read more

Pitney Bowes Appoints Johnson VP of Global Financial Services

Pitney Bowes appointed Chris Johnson vice president of Global Financial Services, effective immediately. He will report in to Michael Monahan, EVP, COO and CFO. read more

Major Oil Companies Experience 67% Increase in Cash Flow

Bloomberg reported that in Q3/16 the largest oil companies gained cash from operations of nearly $26 billion, a 67% increase from the previous quarter and more than twice the amount in Q1/16. read more

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