Industry News

Garmin International Inc., a unit of Garmin Ltd., today announced that the Federal Aviation Administration has granted supplemental type certification for the G5000 avionics suite in the Beechjet 400 A/Hawker 400 XP aircraft. The G5000 modernizes the cockpit, increases aircraft utility, offers significant weight savings and provides operators with a solution to fulfill global next generation airspace..."/>
Garmin® G5000™ Integrated Flight Deck receives STC for Beechjet 400A/Hawker 400XP
DSW Inc., a leading branded footwear and accessories retailer, announced financial results for the thirteen-week period ended July 30, 2016, which compares to the thirteen-week period ended August 1, 2015.. Roger Rawlins, Chief Executive Officer of DSW Inc. stated, "We are on track to deliver our outlook for the full year and we've made progress on a number of initiatives to drive sales and improve our financial trajectory."/>
DSW Inc. Reports Second Quarter 2016 Financial Results
Visteon Corporation, a leading global supplier of vehicle cockpit electronics, will participate in Citi's Global Technology Conference in New York City on Sept. 8. Sachin Lawande, president and CEO, and Markus Schupfner, chief technology officer, are scheduled to present and participate in a question-and-answer session starting at 9:30 a.m. EDT and lasting approximately 40 minutes. A live audio webcast of the discussion,..."/>
Visteon to Participate in Citi's Global Technology Conference on Sept. 8
Intrawest Resorts Holdings, Inc., today announced that the Company will release financial results for its fiscal year ended June 30, 2016 before the market opens on Thursday, September 8, 2016.. The Company will host a conference call via live webcast for investors and other interested parties beginning at 9:00 a.m. Eastern on Thursday, September 8, 2016. Participants may access the live webcast by visiting the Company’ s investor relations website at..."/>
Intrawest Resorts Announces Fiscal 2016 Year-End Earnings Release Date
Comstock Holding Companies Inc has completed the acquisition of the Totten Mews Project with the proceeds from the private placement by its subsidiary Comstock Investors X LC, of USD14.5m, the company declared on Monday. The company said it received the funds at the annual rate of 6%. Proceeds from the private placement will be used to acquire and develop its new project at the Towns at 1333, comprising of 18 town homes on Powhatan Street in Old Town Alexandria, Virginia, as well as..."/>
Comstock Holding acquires Totten Mews Project with private placement proceeds of USD14.5m
Amazon.com announced on Monday plans to open a new fulfilment centre in Monee, Illinois. The company said that at this over 850,000- square-foot facility, numerous Amazon employees will pick, pack and ship small items to customers such as books, electronics and consumer goods. This project is being developed by RELP Bailly LLC, an affiliate of USAA Real Estate."/>
Amazon plans opening of new fulfilment centre in Monee, Illinois
Fred's Inc announced on Mondy the retirement of CEO Jerry A. Shore from the company in February 2017.. Also, Michael K. Bloom has been appointed CEO, effective immediately. Bloom, who joined Fred's as president and chief operating officer in January 2015, has reportedly worked closely with Shore on building a strong management team to ensure a smooth and effective transition."/>
Fred’s Inc’s CEO to retire in February 2017
World's Largest Watch & Clock Fair Opens Next Tuesday
Fred's Inc announced on Monday the promotion of Craig Barnes to the newly created role of chief operating officer- Front Store, reporting directly to Michael K. Bloom, chief executive officer. In this new role, Barnes will be responsible for merchandising, marketing, supply chain, store operations and real estate. Most recently, Barnes was, executive vice president of Supply Chain, Global and Domestic Logistics of the company."/>
Fred’s promotes Craig Barnes to new position of chief operating officer – Front Store
DLF Ltd, India's largest real estate developer, has shortlisted bidders for the ongoing office stake sale transaction and expects to receive binding, updated bids in the form of shareholder agreement once the short-listed bidders complete their due diligence. The realty firm circulated the information memorandum to a number of investors across the globe in April, and received bids from sovereign pension funds and private equity investors in June."/>
DLF shortlists bidders for mega stake sale deal [Mint, New Delhi]
IndAS and why the numbers don't add up [Mint, New Delhi]
MediaTek invests $60 million in Paytm, values it at $4.8 billion. Taiwan-based MediaTek's investment arm Mountain Capital has invested $60 million in Paytm's parent One 97 Communications, valuing the digital payments and commerce firm at $4.8 billion, reported The Times of India."/>
Deals Buzz: Mediatek invests $60 million in Paytm [Mint, New Delhi]
Comstock Holding Companies, Inc. has closed the acquisition of the Totten Mews Project in Washington, DC, the company said. This project is being funded by the proceeds from the private placement by Comstock Investors X, L.C., a subsidiary of the company, of USD 14.5 m. The funds are being provided to the company at the rate of 6% per annum."/>
Comstock Holding Closes Acquisition of Totten Mews Project in Washington, DC
Neo Telemedia Limited announced today that the Jiangmen Innovation and Entrepreneurship Exhibition Center, an effort of the Jiangmen Municipal People's Government in partnership with the Group's wholly-owned subsidiary Guangdong Bluesea Mobile Development Company Limited, has commenced operation on 15 July 2016 to showcase the benefits of informatization powered by Big Data usage. Big Data opens up new directions for industries and start-ups,..."/>
Neo Telemedia Subsidiary Bluesea Mobile Partners with Jiangmen Municipal People's Government Jiangmen Innovation and Entrepreneurship Exhibition Center Opens
Mazda Motor Corporation announced today that it will increase the annual production capacity of the engine assembly plant at Mazda Powertrain Manufacturing Co., Ltd. in Chomburi, Thailand, to 100,000 units in the first half of 2018. The company also announced a plan to construct a new engine machining factory with production capacity similar to that of the engine assembly plant. The annual production capacity of MPMT's engine assembly plant, which..."/>
Mazda to Increase Engine Production Capacity at Powertrain Plant in Thailand
Boston Herald The Ticker column [Boston Herald]
DLF Ltd's net profit more than doubled in the June quarter, compared with the corresponding period a year ago, owing to a one-time extraordinary gain from the sale of DT Cinemas. India's largest developer's net profit rose 107.6%, while revenue dropped 21.82% to Rs.1, 867.46 crore in the same period. During the June quarter, DLF concluded the DT Cinemas sale transaction to multiplex owner PVR Ltd, resulting in a one-time extraordinary gain of Rs.372..."/>
DLF Q1 profit doubles to Rs261.42 crore aided by sale of DT Cinemas [Mint, New Delhi]

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