Industry News

Mohawk Industries is expanding its apprenticeship program to help recruit and train more workers for advanced manufacturing jobs with the world's biggest flooring company. Mohawk currently employs 16 full-time apprentices and three pre-apprentices in Georgia. But thanks to 50 new scholarships for the apprenticeship program made available through the state and federal governments, more people will now be able to take part in the program."/>
Mohawk Industries expands apprentice program [Chattanooga Times Free Press, Tenn.]
Office Depot Inc, a global provider of products, services and solutions for every workplace, on Monday announced the retirement of its CEO Roland Smith in 2017.. The company said Smith will continue to serve as CEO until a successor is named, which is expected by the end of the first quarter 2017.. Also, it is expected that Smith will remain chairman of the company's board of directors."/>
Office Depot’s CEO to retire in 2017; Company announces executive reorganisation to align with three-year strategic plan
Lee Enterprises Incorporated, a provider of local news, information and advertising, announced on Monday that it has entered into an agreement to sell its newspaper and digital media operations in Provo, Utah to Ogden Newspapers of Utah LLC, including the Daily Herald and heraldextra.com. Financial details of this agreement were not available. The Daily Herald is published seven days a week with a reported print circulation of about 20,000 daily and nearly 27,000 Sunday...."/>
Lee Enterprises to sell newspaper assets in Provo, Utah, to Ogden Newspapers
Greenwood Hall, Inc., an education technology company that helps colleges and universities increase revenue and improve student engagement and outcomes, today announced the Company has entered into an agreement with Howell MI-based Cleary University to provide a customized platform that will help support the University’ s growth plans while enhancing the student journey for prospective and existing students.. Greenwood Hall will provide a..."/>
Cleary University Partners with Greenwood Hall to Enhance Enrollment and Student Success
Monte Carlo Fashions Ltd is all set to enter the footwear segment with a premium line of formal and casual wear shoes for men, starting next month. Launched in 1984, the Ludhiana-based company will be sourcing and marketing the products through a third party, the details of which will be made public in September. "We are venturing into shoes next month."/>
Monte Carlo to venture into footwear segment [Mint, New Delhi]
Action Hotels, the leading owner, developer and asset manager of branded three and four-star hotels in the Middle East and Australia, is pleased to report that, without raising any further equity, it has outperformed management's expectations set out at IPO with regards to the number of rooms in operating and pipeline hotels by 29%, with total rooms totaling 3,257 vs. 2,516.. With the recent hotel openings, Action Hotels now has 11..."/>
Action Hotels PLC: 29% Increase in Number of Hotel Rooms Set at IPO
Delphi Automotive PLC announced today a partnership to jointly develop a complete SAE Level 4/ 5 automated driving solution. The program will result in an end-to-end production-intent fully automated vehicle solution, with the level of performance and functional safety required for rapid integration into diverse vehicle platforms for a range of customers worldwide. The partners' CSLP platform will be..."/>
Mobileye and Delphi to Establish Partnership for SAE Level 4/5 Automated Driving Solution for 2019
Delphi Automotive PLC announced today a partnership to jointly develop a complete SAE Level 4/ 5 automated driving solution. A conference call will be held at 9:00 a.m. ET on Tuesday, August 23. Mobileye's Chairman and Chief Technology Officer, Amnon Shashua and Delphi's President and Chief Executive Officer, Kevin Clark, will discuss details of the partnership."/>
Mobileye, Delphi media conference call details
Delphi Automotive PLC announced today a partnership to jointly develop a complete SAE Level 4/ 5 automated driving solution. The program will result in an end-to-end production-intent fully automated vehicle solution, with the level of performance and functional safety required for rapid integration into diverse vehicle platforms for a range of customers worldwide. The partners' CSLP platform..."/>
Mobileye and Delphi to Establish Partnership for SAE Level 4/5 Automated Driving Solution for 2019
Amazon.com Inc.' s Indian unit after losing its lead in July--a potential watershed moment in the country's fledgling Internet business. Barely three years after launching in India, Amazon likely exceeded Flipkart in terms of gross sales in July. Flipkart reported gross sales or gross merchandise value of less than Rs.2, 000 crore in..."/>
Has Flipkart lost No 1 slot to Amazon? [Mint, New Delhi]
Myntra clocks over $80 million sales in July [Mint, New Delhi]
AT&T announces Cuba voice, text, data service [Sun Sentinel]
Staples, Office Depot CEO Roland Smith announced Monday he will retire as top executive-- but stay on as chairman and help choose his successor. Smith, 61, plans to leave after a new top executive is named, which is expected by the first quarter of 2017, the Boca Raton-based company said. The announcement follows the retirement of Staples CEO Ron Sargent, who stepped down in June."/>
Retiring Office Depot CEO: 'Right strategy and right people' in place to bring in a successor [Sun Sentinel]
Whirlpool Corp. once again demonstrated confidence in its Greenville plant, announcing plans Monday to nearly double its distribution size there, the latest expansion at the Darke County facility. The manufacturing site ships all of the company's KitchenAid small appliances. The latest $17 million expansion, which will grow the company's warehouse from 327,000 square feet to approximately 650,000 square feet, builds upon Whirlpool's commitment to the Greenville,..."/>
Whirlpool to expand local plant again [Dayton Daily News, Ohio]
Peak Resorts Inc., a Wildwood-based operator of ski resorts, announced Monday that it had agreed to sell $20 million in Series A convertible preferred shares to CAP 1 LLC through a private placement. CAP 1 LLC, which owns 8.7 percent of Peak Resorts' common stock, is managed by Summer Road LLC. As part of this deal, Summer Road will have the right to nominate a person for election to Peak's board of directors."/>
Peak Resorts to offer preferred stock to CAP 1 [St. Louis Post-Dispatch]

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