Industry News

AIR FRANCE - KLM : AUGUST 2016 TRAFFIC
Pitney Bowes India CSR Programs Reached 20,000 Lives. NEW DELHI, India---- Pitney Bowes Inc., a global technology company providing products and solutions to power commerce, continues its longstanding tradition of corporate social responsibility with programs that highlight diversity and innovation in India. This year, more than 60 Pitney Bowes employees participated in five programs which made a difference in 20,000 lives throughout India."/>
Pitney Bowes Celebrates Corporate Social Responsibility Achievements in India
SpiceJet Ltd's June quarter results to surprise positively. On the contrary, expectations were running low after InterGlobe Aviation Ltd and Jet Airways Ltd reported weaker-than-expected June quarter financials owing to pricing pressure. SpiceJet's shares had declined about 14% till Tuesday since IndiGo announced its results on 1 August."/>
SpiceJet soars in June quarter [Mint, New Delhi]
United Breweries Ltd, the company's management said after UBL's annual general meeting on Wednesday. The news, which was confirmed by a company spokesman, came less than a week after the Enforcement Directorate-- an agency responsible to tackle economic crime in India--attached properties worth Rs.6, 630 crore in connection with a money..."/>
Vijay Mallya to stay on as United Breweries chairman [Mint, New Delhi]
Ashok Leyland all of Nissan's shares in three joint venture companies that were formed in 2008, the Chennai-based truck and bus maker said in a BSE filing on Wednesday. These joint ventures focus on technology development and manufacturing of powertrains and vehicles. This restructuring agreement will enable both companies to enter a new phase in their business interaction."/>
Nissan to sell stake in 3 JVs to Ashok Leyland [Mint, New Delhi]
SpiceJet Ltd, India's second-largest budget airline, said fiscal first-quarter profit more than doubled to Rs.149 crore from a year earlier. The airline had reported a net profit of Rs.73 crore for the same quarter last year. This is the sixth consecutive profitable quarter for SpiceJet after the airline nearly shut down and was revived under a new management."/>
SpiceJet Q1 net profit more than doubles to Rs149 crore [Mint, New Delhi]
Huntington Ingalls Industries received defense funds for work on six projects, from modernizing existing ships to planning for those on the drawing board. The six were split between HII's two divisions, Newport News Shipbuilding and Ingalls Shipbuilding on the Gulf Coast."/>
Variety evident in August defense contract awards [Daily Press (Newport News, Va.)]
BRIEF: Airport traffic up 1.3% in July [El Paso Times, Texas]
SpiceJet Ltd, India's second-largest budget airline, on Wednesday posted a first-quarter net profit that more than doubled to Rs.149 crore from a year earlier. The airline had posted a net profit of Rs.73 crore for the same quarter last year. This is the sixth consecutive profitable quarter for SpiceJet after the airline nearly shut down and was revived under a new management with the help of a government lifeline in December 2014.."/>
SpiceJet Q1 net profit more than doubles to Rs149 crore [Mint, New Delhi]
Youth Fight Human Rights Abuse With Education
Mitsubishi Heavy Industries Machine Tool Co., Ltd., a Group company of Mitsubishi Heavy Industries, Ltd., has concluded an agreement with D-process Inc. to collaborate in bonding services performed using MHI's independently developed room-temperature wafer bonding machines. The collaborative arrangement is aimed at putting in place an integrated service structure for polishing- including D-process's chemical mechanical polishing- and..."/>
Mitsubishi Heavy Industries Machine Tool to Collaborate with D-process Inc. in Bonding Services Using Room-temperature Wafer Bonding Machines
CSX Corp. officials forecast a decline in earnings per share of trading on the Nasdaq stock exchange. In a speech in Boston on Wednesday, CSX Executive Vice President and CFO Frank Lonegro said the company is looking at a sequential decline in earnings per share in the coming months. "Third quarter earnings per share are expected to decline slightly from second quarter levels," Lonegro said in a prepared statement."/>
BRIEF: Jacksonville-based CSX CFO projects a decline in share earnings for third quarter of trading [The Florida Times-Union, Jacksonville]
M and A Navigator: Deal pipeline –8 September
Pier 1 Imports before heightened competition from online retailers pinched results in recent years, will step down as president and chief executive officer at the end of the year, the company announced Wednesday. In a statement, Pier 1 said that the board of directors and Smith had mutually agreed upon the transition plan. The announcement came as the Fort Worth-based retailer disclosed the latest in a string of disappointing..."/>
Pier 1 Imports CEO Alex Smith to step down at end of the year [Fort Worth Star-Telegram]

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