Industry News

HT Media Ltd, which also publishes Mint, the former Maoist leader, better known by his nom de guerre Prachanda, said that he and the people of Nepal trust Prime Minister Narendra Modi and he'll "strengthen" this trust during his visit. Dahal's visit this month is expected to stabilize ties between the two countries and also..."/>
Nepal Prime Minister Prachanda looks to rebuild ties with India [Mint, New Delhi]
Snapdeal unveils new logo, tagline [Mint, New Delhi]
Mahindra and Mahindra Ltd plans to launch a vehicle that will compete directly with Toyota Kirloskar Motor Pvt. "It will be a direct competitor to the Crysta," said a person familiar with M&M's plan. The vehicle will be priced on par with the Innova Crysta, at between Rs13.73 lakh and Rs19.63 lakh in Delhi."/>
Mahindra plans to launch Toyota Innova rival [Mint, New Delhi]
Debenhams, which has 178 stores and ten times Boohoo's sales."/>
Boohoo's value hits pounds sterling 1bn after sales boom [Financial Mail on Sunday, London]
Aimia Coalition Loyalty UK, show that sales slipped in the year ending December 31, 2015 from pounds sterling 310- million to pounds sterling 295- million, while pre-tax profits fell from pounds sterling 18.5? million to pounds sterling 17- million."/>
Nectar hit after points cut at Sainsbury's [Financial Mail on Sunday, London]
Tesco executives have been charged with fraud over the group's recent accounting scandal caps what has been a grim couple of years not just for Tesco, but for the whole retail sector. The three executives– Carl Rogberg, the former finance director of Tesco UK; Christopher Bush, the former managing director of Tesco UK; and John Scouler, the former commercial director for food– were charged on Friday in relation to the pounds sterling 263 million..."/>
Financial Mail on Sunday, London, Simon Watkins column [Financial Mail on Sunday, London]
Give us a break, Airbnb! [Financial Mail on Sunday, London]
M&C Saatchi boss reveals how the EU crusade was ruined and, in a sharp rebuke, highlights ad he COULDN'T use... DAVID Kershaw was the advertising boss charged with making us want to stay in the European Union. Notoriously, of course, the campaign failed and Kershaw, chief executive of M&C Saatchi, is clear about why– campaigning was too negative and there was no clear direction from the politicians."/>
How we should have fought the remain campaign [Daily Mail, London]
Bush Administration Official Recalls Sept. 11 [Mortgage Daily]
Toyota Motor Corporation has installed stationary pure hydrogen fuel cells at the energy management facility which had been completed at its Honsha Plant in Toyota City, Aichi Prefecture, in August 2016. The fuel cells started operations on September 12. Toyota is progressing with initiatives toward the fulfillment of the Plant Zero CO2 Emissions Challenge that was announced at the 2015 Toyota Environmental Forum. In connection with this,..."/>
Toyota Constructs Zero Emissions Building at Honsha Plant Using Stationary Pure Hydrogen Fuel Cell Technology
Pinnacle Entertainment, Inc. has closed an agreement with a subsidiary of Gaming and Leisure Properties, Inc. to acquire the operations of the Meadows Racetrack and Casino for total consideration of USD 138 m, the company said. With the close of the transaction, Pinnacle operates the Meadows' gaming entertainment business and lease its underlying real property from GLPI in a triple net lease with initial annual rent of USD 25.5 m."/>
Pinnacle Entertainment Closes USD 138m Acquisition of Pennsylvania Racetrack, Casino
Federal-Mogul Holdings Corp. has entered into an agreement and plan of merger with a subsidiary of US-based investment firm Icahn Enterprises L.P. under which Icahn Enterprises will offer to purchase all of the outstanding shares of Federal-Mogul common stock not owned by Icahn Enterprises or its affiliates, in an all-cash transaction for USD 9.25 per share, the company said. This deal is worth USD 281 m. The all-cash offer..."/>
Icahn to Buy US Automotive Supplier Federal-Mogul for USD 281m
Chesapeake Energy's 75% interests in the jointly held Barnett Shale operating area located inNorth Texas, the company said."/>
M and A Navigator: Deal pipeline –12 September
MTY Food Group Inc. subsidiary has agreed to acquire all of equity interest of California-based holding company BF Acquisition Holdings, LLC, the company said. Total consideration for the transaction is estimated at USD 27 m in cash, to be financed using MTY's existing credit facilities. The final purchase price remains subject to customary working capital adjustments."/>
Canadian Restaurant Operator MTY Agrees to Acquire California Mexican Food Chains
Target has introduced a way for in-store shoppers to rack up points from purchases through an experimental customer loyalty program. Called "Cartwheel Perks," the program is now being offered to people in the San Diego, Denver, Houston and St. Perks rewards Target shoppers with 10 points for every dollar spent in stores and is part of the retailer's 3- year-old Cartwheel mobile app."/>
Target pilots 'Perks' rewards program [The San Diego Union-Tribune]

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