Industry News

Fred's on Monday declared a quarterly cash dividend of USD0.06 per share of the company's stock. This cash dividend is due on 15 September 2016, to shareholders of record as of 2 September 2016.. Fred's operate 651 discount general merchandise stores and three specialty pharmacy-only locations in 15 states in the southeastern US."/>
Fred’s to pay USD0.06 per share dividend for quarter
Comcast Corporation, revealed on Tuesday that it has completed its acquisition of DreamWorks Animation SKG Inc for about USD3.8bn. Also, pursuant to the terms of the deal, DWA stockholders will receive USD41 in cash for each share of their common stock and post-closing, these shares will no longer be listed on the NASDAQ. The studio will become part of the Universal Filmed Entertainment Group, together with Universal Pictures, Fandango and..."/>
NBCUniversal announces acquisition of DreamWorks Animation for about USD3.8bn
CVS Health remains the largest recipient of Rhode Island tax credits, but Citizens Financial Group and Electric Boat are gaining, according to a state report issued Monday. Woonsocket-based CVS, the top recipient of state tax credits for many years, received $21.2 million in total state credits or incentives during the year that ended June 30, down from $23.5 million the previous year. Providence-based Citizens, which was spun off from the Royal Bank of Scotland in 2014,..."/>
Report says Citizens' R.I. tax credits skyrocket from $3.4M to $11.9M in fiscal 2016 [The Providence Journal, R.I.]
CST Brands Inc, a large independent retailer of motor fuels and convenience merchandise in North America, announced on Monday the unanimous approval by its board of directors of a definitive merger agreement with Alimentation Couche-Tard Inc, a leader in the convenience and fuel retail industry, with a strong Circle K brand across the US. Under this merger deal, Couche-Tard will acquire all of the shares of CST for USD48.53 per share in cash, representing a total enterprise value..."/>
CST Brands to merge with Alimentation Couche-Tard Inc in a USD4.4bn cash deal
CST Brands Inc in an all-cash transaction for USD48.53 per share for a total enterprise value of about USD4.4bn including net debt assumed. Based in San Antonio, Texas, CST employs over 14,000 people at over 2,000 locations throughout the Southwestern US with an important presence in Texas, Georgia, the US Southeast Region, New York and Eastern Canada."/>
Couche-Tard reports merger agreement with CST Brands at USD48.53 per share
Rovi Corporation on Monday announced the signing of a 10- year patent renewal license agreement with DISH Network L.L.C, a subsidiary of DISH Network Corporation. Also, this agreement will continue DISH's license to Rovi's Conversation Services natural language platform, as well as other Rovi products. Financial details of this agreement were not available."/>
Rovi enters into 10-year IP renewal license agreement with DISH
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]

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