Debt and equities
Catholic United Financial, St. Paul, a fraternal benefit association and insurer, said it had net income of $784,055 on revenue of $86 million in 2014. CEO Harald Borrmann said Catholic United posted its fifth consecutive year of financial growth, including record assets of $834 million, life insurance in force and premium income of $16.3 million. Catholic United donated $2.1 million in 2014 to Catholic schools, parishes and communities in its five-state territory.
Twin Cities Power Holdings, Lakeville, has filed registration statement with the Securities and Exchange Commission to sell $75 million worth of renewable unsecured subordinated notes. Proceeds of the long-term debt will be used to fund the growth of its retail energy business.
Hong Kong burnishes China ties as luster as global hub fades
Asian shares mixed after wobbly day on Wall Street
North Korea on alert for downpour damages amid COVID crisis
