By Mohammed Saeed
NEW YORK (MarketWatch) -- Middle East stocks tumbled on Thursday as fears of a global slowdown, which have been buffeting the U.S. and European markets, spilled over into other regions internationally.
Middle market executives have a positive outlook for their businesses
with nearly two-thirds (63%) indicating that their companies are better
off today than last year, while 62% expect the size of their workforce
to increase in the coming year.
An annual retail outlook study ( www.cit.com/retailoutlook )
of more than 250 senior middle market retail executives conducted by CIT
Group Inc. (NYSE: CIT) cit.com ,
a leading provider of commercial lending and leasing services, found
cautious optimism among respondents.
The Middleby Corporation (NASDAQ: MIDD) today announced it has entered
into a definitive agreement to acquire the U-Line Corporation (U-Line).
U-Line is an industry leader in the premium residential built-in modular
ice making, refrigeration and wine preservation market.
Quarterly Highlights - Diluted operating EPS $0.36 versus $0.27 for 3Q 2013 - Period end loan growth of $24.2 million or 7.9% annualized
- Operating return on average tangible common equity of 14.4% - Linked quarter operating noninterest expenses flat at $17.0 million - Core FTE NIM on linked quarter basis of 4.42% versus 4.39% LAFAYETTE, La.
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