News

Star Bulk Closes Acquisition of 15 Dry Bulk Vessels

Star Bulk Carriers closed a previously announced acquisition of 15 operating dry bulk vessels from Songa Bulk ASA for an aggregate of 13.725 million common shares of Star Bulk and $145.0 million in cash. read more

AMT: May YTD Machine Tool Orders Up 26%

U.S. manufacturing technology orders totaled $485 million in May, bringing the year-to-date total to $2.1 billion, which was 26% higher than the first five months of 2017. read more

OnDeck Receives Highest Award from TopConsumerReviews.com

Online business lender OnDeck was awarded the best-in-class five-star rating from TopConsumerReviews.com. read more

ISM Reports Non-Manufacturing Sector Growth in June

Economic activity in the non-manufacturing sector grew in June for the 101st consecutive month, the Institute for Supply Management reported. read more

Top Five Machine Tool Lenders Account for 33.7% of May Total

The top 20 lenders in the segment, in the aggregate, filed financing statements covering a total of 519 new machine tool related filings during the month of May 2018. read more

Popular Completes Regulatory Clearance Process for Wells Fargo Buy

Popular completed the regulatory clearance process for its previously announced agreement to acquire certain assets and liabilities related to Wells Fargo’s auto finance business in Puerto Rico. read more

WSJ: Private Equity Funds Increase Commercial Airline Financing Output

According to a Wall Street Journal report, private equity funds have provided $207 billion of commercial airliner financing since 2009 when about $900 billion was spent on new jetliners. read more

Dallas Court Upholds $96.2MM Judgment Following BBVA Fraud Verdict

A Dallas judge entered a $96.2 million judgment against BBVA Compass Bank in a ruling that upholds the verdict against the bank for fraud during loan renewal and modification negotiations with a developer. read more

June Commercial Chapter 11 Filings Decrease 49% Year/Year

The American Bankruptcy Institute reported a total of 306 commercial Chapter 11 bankruptcies for the month of June 2018, a 49% decrease from the 601 commercial Chapter 11 filings in June 2017. read more

ISM Reports Manufacturing Expansion, Slowing Supplier Deliveries

Economic activity in the manufacturing sector expanded in June, and the overall economy grew for the 110th consecutive month, the Institute for Supply Management reported. read more

Global Fleet Management Market to Grow 15.8% by 2022

According to a report from ResearchAndMarkets, the fleet management market size is expected to grow from $13.78 billion in 2017 to $28.66 billion by 2022, marking a CAGR of 15.8%. read more

AmeraMex Receives Orders for Container Handlers, Forklift

AmeraMex received orders totaling $300,000 from customers in both Northern and Southern California. read more

Top Five Agriculture Equipment Lenders Account for 84.5% of May Total

The top 20 lenders in the segment, in the aggregate, filed financing statements covering a total of 12,623 new agriculture equipment related filings during the month of May 2018. read more

CIT Supports Innergex Solar Energy Project

Innergex Renewable Energy acquired a sizable 250MWAC/315 MWDC photovoltaic solar project located in Winkler County, TX from Longroad Energy Partners. read more

ELGA Details New Marine and Yacht Financing Program

Equipment Leasing Group of America launched a new financing program for yacht and marine vessel owners. read more

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Terry Mulreany
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