Industry News

Kingfisher Airlines Ltd to investigate whether they laundered money taken as loans, two ED officials familiar with the development said on condition of anonymity. The fresh probe is in addition to the Rs.900 crore IDBI Bank loan default case that the agency is currently investigating. ED's fresh case against Mallya and Kingfisher Airlines is based on a complaint filed by a State..."/>
ED to register fresh case against Vijay Mallya [Mint, New Delhi]
G&K Services Inc. with its fleet of reddish orange trucks, said on Tuesday that it was being purchased by rival Cintas Inc. for $2.2 billion. The deal is the largest ever in uniform rentals, the narrow..."/>
Twin Cities uniform-rental giant G&K Services sold to Cintas for $2.2B [Star Tribune (Minneapolis)]
Lockheed Martin Corp., does not have information on how many workers may be reassigned, voluntarily leave or be laid off, he said."/>
Sikorsky Loses Marine One Maintenance Contract; 85 Workers Affected [The Hartford Courant]
Erickson Inc. doesn't have enough money to pay its bills. Erickson acknowledged this week for the first time that it could default on its bonds Nov. 1 when a $14.6 million interest payment comes due. The company's financial crisis is sufficiently dire it may force Erickson to seek protection from its creditors in bankruptcy court, the company confirmed in filings with the..."/>
Cash-poor Erickson admits debt default a possibility [The Oregonian, Portland, Ore.]
Christie Group plc company Christie and Co has brokered the sale of Canary Wharf-based Little Unicorn Day Nurseries Group to US-based childcare provider Bright Horizons Family Solutions, the company said. Founded in 1998 by Kate Williamson, the independently-owned flagship Little Unicorn Group currently consists of four settings with an effective operating capacity for around 350 children."/>
Christie Group Brokers Sale of Day Nurseries Group in Canary Wharf
FedEx drivers were crowned champions in the 2016 National Truck Driving Championships in Indianapolis last week. They were: FedEx Freight drivers Ron Metternick, Grand Rapids, Michigan, 4- axle; Toby Kort, Aurora, Nebraska, 5- axle; and Jay Love, Sioux Falls, South Dakota, flatbed; and FedEx Express courier Daniel Woods, Christiansburg, Virginia, step van. FedEx entered 174 drivers, 40 percent of the field in the 430- driver event sponsored by the American Trucking..."/>
BRIEF: FedEx drivers claim four crowns in truck driving championships [The Commercial Appeal, Memphis, Tenn.]
Parkit Enterprise Inc. is pleased to announce that it has appointed Bryan Wallner as its President and Chief Executive Officer and Nigel Kirkwood as its Chief Financial Officer, effective immediately. Bryan Wallner has served as the Company's interim CEO since June 2, 2016 and has over 27 years of parking industry experience across North America. Wallner began his parking career in 1987 as a parking operations manager and ultimately was..."/>
Parkit Enterprises Inc. Announces Change of Management
Power Solutions International, Inc. concerning possible violations of federal securities laws. If you purchased or otherwise acquired Power Solutions shares and would like more information regarding the investigation, we advise you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 1999 Avenue of the Stars Suite 1100, Los Angeles, CA 90067, at 800-977-7401, to discuss your rights without cost to..."/>
SHAREHOLDER NOTICE: Goldberg Law PC Announces an Investigation of Power Solutions International, Inc. and Advises Investors with Losses to Contact the Firm
Dycom Industries Inc. will replace FirstMerit Corp. in the S&P MidCap 400, and Patrick Industries Inc. will replace Dycom Industries in the S&P SmallCap 600 after the close of trading on Thursday, August 18. S&P 500 constituent Huntington Bancshares Inc. acquired FirstMerit in a deal completed today. Dycom Industries provides specialty contracting services."/>
Dycom Industries to Join S&P MidCap 400; Patrick Industries to Join S&P SmallCap 600
Orbital ATK, Inc. concerning possible violations of federal securities laws between June 1, 2015 and August 9, 2016. Investors who purchased or otherwise acquired shares during the Class Period should contact the Firm in advance of the October 11, 2016 lead plaintiff motion deadline.. To participate in this class action lawsuit, click here."/>
IMPORTANT SHAREHOLDER NOTICE: Lundin Law PC Announces Securities Class Action Lawsuit against Orbital ATK, Inc. and Encourages Investors with Losses to Contact the Firm
Lockheed Martin Corp., does not have information on how many workers may be reassigned, voluntarily leave or be laid off, he said."/>
Sikorsky Loses Marine One Maintenance Contract, 85 Workers Affected [The Hartford Courant]

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