Closing bell: Banks, auto help Nifty hold 11,000 amid volatility; mid-smallcaps gain too – Moneycontrol.com

Closing bell: Banks, auto help Nifty hold 11,000 amid volatility; mid-smallcaps gain too – Moneycontrol.com Live now AUTO REFRESH Aug 16, 2019 03:38 PM IST | Source: Moneycontrol.com Top Market Closing Benchmark indices reversed morning losses to close marginally higher with the Nifty decisively holding 11,000 level, backed by banks and auto stocks. The BSE Sensex rose 38.80 points to 37,350.33 and the Nifty50 gained 18.40 points at 11,047.80. However, for the week, indices lost more than half a percent. Gainers and Losers Lupin received approval from USFDA for Hydrocortisone Valerate cream. Fitch Revises RIL long term local currency issuer outlook to positive Fitch Ratings said it has revised the outlook on Reliance Industries’s (RIL) long-term local-currency Issuer Default Rating (IDR) to positive from stable and has affirmed the rating at ‘BBB’.…
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PROCON designed and constructed 168000 s/f, the four-story Brightview Senior Living community now open in Shelton, CT – New England Real Estate Journal Online

Shelton, CT The new Brightview Senior Living community is now open. At 168,000 s/f, the four-story building is located at 30 Beard Sawmill Rd. off Rte. 8 between New Haven and Bridgeport. Brightview, based in Baltimore, MD, collaborated with longtime partner, PROCON of Manchester N.H. as the architect and construction manager of their newest community. The community offers 161 apartments in a variety of styles and care options. Housing options include 87 independent living, 48 assisted living, and 26 Wellspring Village Apartment Homes. Wellspring Village is a specialized Brightview neighborhood designed to enhance the lives of those living with Alzheimer’s disease and other forms of dementia.…
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Indiabulls Housing cracks 10% on Moody’s downgrade – Moneycontrol

Last Updated : Aug 16, 2019 10:03 AM IST | Source: Moneycontrol.com The outlook was changed to negative in the light of the liquidity crunch for the company. Moneycontrol News @moneycontrolcom Shares of Indiabulls Housing Finance cracked almost 10 percent in the morning trade on August 16, after rating agency Moody’s Investors Service on August 14 downgraded its long-term corporate family rating to Ba2 from Ba1 and changed its outlook to negative from stable. Besides, the rating agency downgraded the company’s foreign-currency senior secured rating to Ba2 from Ba1, foreign and local-currency senior secured medium-term note (MTN) program ratings to (P)Ba2 from (P)Ba1.…
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Assisted living operators charged with felonies after air conditioning fails, resident dies – News – McKnight’s Senior Living

Lolita and Joseph Somera (Photo: ArizonaAttorney General’s Office) Two operators of an Arizona assisted living facility have been indicted on felony abuse charges after the facility’s air conditioning failed and a resident died, Attorney General Mark Brnovich announced Thursday. Joseph Somera and Lolita Somera each face a maximum of 8.75 years in prison after each being charged with one count of vulnerable adult abuse, a class three felony, the attorney general’s office told McKnight’s Senior Living. The two operate and manage Happy Homes Assisted Living Facility in Chandler, AZ, where 69-year-old Jon Rader, along with other residents, spent two days in August 2018 without air conditioning, according to the office.…
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Magellan’s funds management revolution – The Australian Financial Review

At the time, the Coalition was hell-bent on diluting FOFA’s consumer protections to allow vertically-integrated institutions to pay their salaried advisers sales bonuses for pushing in-house products to customers receiving the most sacrosanct “personal advice”, which thankfully was rejected by the Senate, in no small part because of this column’s constant criticisms. Globally, Australia’s FOFA-free LIT market is the talk of the town – many big fundies are rushing to exploit it. Since the 2014 exemption for LICs and LITs, the value of money in these vehicles has more than doubled as fund managers race to raise as much of this highly lucrative “permanent capital” as they can by paying commissions of up to 3 per cent to push their wares.…
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Third Herald, RichnerLive Senior Health Expo is a hit in Merrick – liherald.com

By Brian Stieglitz Roughly 350 seniors stretched their arms skyward and laced their fingers together at the third Senior Health & Beyond Expo, hosted by Herald Community Newspapers and RichnerLive on Aug. 8 at the Merrick Jewish Centre. “If you move your body every day and do Pilates more, you’ll feel better and have a more functional life,” said Allen Rosenbluth, the owner of Club Pilates Oceanside, who conducted the demonstration. The event featured over 40 exhibitors that offered a range of services in healthcare, insurance, fitness, and financial and estate planning. Stuart Richner, the president and publisher of Richner Communications, addressed the crowd and said he hoped attendees could use the expo as an opportunity “to better equip you with the knowledge to care for yourself and your loved ones.” County Executive Laura Curran also spoke and urged guests to take advantage of the services offered to seniors at the expo and by the county.…
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Old folks. Who cares? – Illinois Times

Thursday, Aug. 15, 2019 12:09 am For senior care advocates in Illinois, a state funding increase is a reason for optimism after a prolonged period of government disinvestment. The financial crisis was marked by a crippling two-year state budget impasse which continues to leave its mark on social service providers. But advocates for nursing homes and home-based senior care agree there is a long way to go to ensure long-term sustainability for Medicaid-funded senior care programs, especially as the baby boomer generation continues to age into long-term care systems. “The last four years were particularly hard on our members, and many of them worked with their financial institutions on lines of credit or any sort of loans that could keep the business operational and providing care and services for seniors,” said Liz Vogt, who represents the advocacy group Illinois Association of Community Care Program Homecare Providers, which is headquartered in Springfield.…
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Nearly 70% of Americans skipped doing something fun in the past year because they couldn’t afford it – Fox Business

Having fun is just too expensive for lots of Americans. Continue Reading Below That’s according to new research from personal-finance website Bankrate, which surveyed more than 2,500 U.S. adults, aged 18 or older, about their financial situation. A whopping 68 percent said they’ve skipped out on certain recreational activities in the past year because they couldn’t afford it. MORE ON FOXBUSINESS.. Most said they had little or no room in their budget for things like vacations or music festivals after paying bills, some said they were busy saving for other things and many said they’re struggling to pay down lingering debt from credit cards and student loans.…
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Senior care expert: Spending time with pets can aid older adults – Middletown Press

Seniors can benefit greatly from pet therapy. Here, a volunteer, right, introduces Annie, center, to a retirement home resident. Seniors can benefit greatly from pet therapy. Here, a volunteer, right, introduces Annie, center, to a retirement home resident. Photo: Hearst Connecticut Media File Photo Photo: Hearst Connecticut Media File Photo Image 1 of / 1 Image 1 of 1 Seniors can benefit greatly from pet therapy. Here, a volunteer, right, introduces Annie, center, to a retirement home resident. Seniors can benefit greatly from pet therapy. Here, a volunteer, right, introduces Annie, center, to a retirement home resident. Photo: Hearst Connecticut Media File Photo Senior care expert: Spending time with pets can aid older adults 1  /  1 Back to Gallery MIDDLETOWN — Social isolation is becoming an increasingly common issue, with one in five Americans reporting they feel lonely, according to a new survey by the Middletown-based senior home care agency Home Instead Inc.…
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Senior-living project at former art museum site advances after Newport council approvals – Los Angeles Times

The Newport Beach Council on Tuesday unanimously gave several permissions for a senior-living facility planned for the former site of the Orange County Museum of Art. Vivante Senior Living is looking to build the luxury complex at 850-856 San Clemente Drive in Newport Center. The city Planning Commission approved the project in July. The six-story development would replace the former OCMA structures with 90 assisted-living dwellings and a 27-bed memory care unit. Proposed amenities include a dog park, dining rooms, a full-service bar, yoga and fitness rooms, an indoor pool, a two-lane bowling alley and lounge, a golf simulator, a salon, an art room, a theater and a library.…
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