Industry News

Rite Aid, which is the largest chain on the East Coast of the US and the third largest in the country overall, invested $10 million in the new Israeli drugstore chain Good Pharm, which inaugurated its first branch on King George Street in Tel Aviv last week. The investors received 49% of the shares in the new chain, with control remaining with founders Adam Friedler and Ohad Sandler. The Grass family no longer owns Rite Aid, but it is..."/>
New Israeli drugstore chain slashes prices [Globes, Tel Aviv, Israel]
Detroit Free Press Susan Tompor column [Detroit Free Press]
Lockheed Martin shares stumble. As Lockheed Martin closed on the sale of its information technology division last week, its shares fell 10 percent to a Friday close of $254.12 per share. The company announced last month it would sell its IT systems and services business to Leidos Holdings for $1.8 billion in cash and $2.8 billion in stock."/>
BRIEF: Lockheed shares slide on subdivision sale [The Times-Tribune, Scranton, Pa.]
Briefcase 8/21/16 [The Leader-Telegram, Eau Claire, Wis.]
Detroit Free Press Susan Tompor column [Detroit Free Press]
Union Pacific and Amtrak trains from the Third Street rail corridor to the Norfolk Southern corridor on 10th Street."/>
Local business notes: 390 tons of steel in soon-to-open Carpenter Street underpass [The State Journal-Register, Springfield, Ill.]
Tata Motors, has dispatched 5,000th Advanced Composite Floor Beam to plane maker Boeing Co. for its 787-9 and 787-10 Dreamliner aircraft. These ACFBs are shipped out of the aerospace manufacturing facility located in MIHAN SEZ, Nagpur. Currently, TAL is the only non-US facility to supply ACFBs to Boeing for its 787-9 Dreamliner, and it will also supply this component to the..."/>
Tata firm TAL dispatches floor beams for Boeing from Nagpur [Mint, New Delhi]
Lockheed Martin in Fort Worth, the talk usually revolves around ramping up production of the F-35 Lightning II or moving toward the end of the line for the famed F-16 Falcon. But another airplane is being engineered at the Fort Worth plant that may play a big role in the company's future: the T-50A trainer. The T-50A, developed in partnership with Korean Aerospace Industries, will be offered by the company in the upcoming U.S."/>
New Lockheed Martin trainer has strong ties to Fort Worth [Fort Worth Star-Telegram]
Mitsubishi plant in Normal despite discussions with the plant's owner. The military and commercial vehicle manufacturer had negotiated with officials to use the facility, but no agreement was reached, said Taso Sofikitis, CEO and president of plant co-owner Maynards Industries USA Division. "We were trying to make a deal with them, and it didn't happen," he said Friday."/>
Mitsubishi plant owner: AM General deal 'not happening' [The Pantagraph, Bloomington, Ill.]

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