Industry News

Zee Entertainment Enterprises Ltd on Wednesday announced the sale of its sports network TEN Sports to Sony Pictures Network in an all cash deal for $385 million. TEN Sports portfolio includes TEN 1, TEN 1 HD, TEN 2, TEN 3, TEN Golf HD, TEN Cricket and TEN Sports. The network operates these channels across India, Maldives, Singapore, Hong Kong, Middle East, and Caribbean."/>
Sony acquires Zee's TEN Sports for $385 million [Mint, New Delhi]
Maruti Suzuki India Ltd managing director Kenichi Ayukawa: the Renault Kwid and production constraints at his firm's plants in Haryana that may see some customers moving away to other brands. Ayukawa thinks that in Kwid, Renault India Pvt. Ltd has a design that is better than Maruti Suzuki's small cars."/>
Maruti Suzuki has to figure out what makes customers accept the Kwid: Kenichi Ayukawa [Mint, New Delhi]
Hero MotoCorp Ltd will launch 15 motorcycles across different segments for domestic and global markets in 2016-17, the company said on Thursday. Three of these motorcycles, which include the new Achiever 150, the Super Splendor and Passion Pro, will be launched in the domestic market before the upcoming festive season. Hero MotoCorp and its rival Honda Motorcycle Scooter India Pvt."/>
Hero MotoCorp to launch 15 bikes in fiscal 2017; three before festive season [Mint, New Delhi]
HT Media Ltd's digital business."/>
Jabong's chief technology officer Sumit Jain quits [Mint, New Delhi]
Zee Entertainment Enterprises Ltd's sports broadcasting business has been a drag for a long time now. The business has posted operating losses continuously for the last seven years at least. Over FY2010-2016, cumulative sports business Ebitda losses stood at Rs.621 crore."/>
Zee's TEN Sports sale: good riddance to the white elephant [Mint, New Delhi]
Zee Entertainment Enterprises Ltd announced on Wednesday the sale of its sports network TEN Sports to Sony Pictures Network in an all-cash deal worth $385 million. TEN Sports' portfolio includes TEN 1, TEN 1 HD, TEN 2, TEN 3, TEN Golf HD, TEN Cricket and TEN Sports. The network operates these channels across India, the Maldives, Singapore, Hong Kong, Middle East and the Caribbean."/>
Zee sells TEN Sports to Sony for $385 million [Mint, New Delhi]
Cheesecake Factory, a restaurant that sells beer, wine and other beverages. In Plano, Barnes& Noble will add a bookstore that will include a restaurant that sells beer and wine. Unclear if it will sell cheesecake, but hey, it's a 9,000- square-foot bookstore with a restaurant in it."/>
Barnes & Noble to bring books -- and beer and food -- to Plano [Fort Worth Star-Telegram]
UGG for Men Makes a Splash with Waterproof Sneakers
Starbucks in Ocean Springs will be open for the Labor Day weekend beginning at 5 a.m. But on Thursday from 3 to 6 p.m., the store will hold a Friends& Family event and offer free drinks. The manager said there will be a full drink menu available, and the staff also will collect donations for flood victims in Louisiana during the event."/>
BRIEF: Ocean Springs Starbucks opens Thursday for 3-hour test run [The Sun Herald]
Tesla Motors, first told his cousin Lyndon Rive, CEO at SolarCity, in February that a merger between the electric vehicle maker and the rooftop solar energy installer deserved "serious consideration." But it took four months and several twists along the way before the two companies reached a preliminary agreement on the $2.4 billion combination. While the companies considered the merger, three other firms expressed interest in buying or making an..."/>
The Buffalo News, N.Y., David Robinson column [The Buffalo News, N.Y.]
Fred's, located at 109 Amelia St. in downtown Fredericksburg, has closed. The store carried antiques, books, collectibles, furniture and more. It opened there in 2012."/>
BRIEF: Find it at Fred's closes [The Free Lance-Star, Fredericksburg, Va.]
Qunar Cayman Islands Limited, China’ s leading mobile and online travel platform, today announced its unaudited financial results for the second quarter ended June 30, 2016.. Highlights for the Second Quarter of 2016. Total revenues for the second quarter of 2016 were RMB1, 030.8 million, an increase of 17.0% year-on-year. Gross profit for the second quarter of 2016 was RMB765.4 million, an increase of 20.7% year-on-year. Mobile revenues for the second..."/>
Qunar Reports Second Quarter 2016 Financial Results
Dollar General stores have made appearances on the commercial real estate website LoopNet. At one point, the site had listings for the store in Ipswich, which had its grand opening Aug. 20, and the store in Mobridge, which is still under construction. Ipswich's store is no longer listed on LoopNet."/>
Many Dollar General stores sold after being built [American News, Aberdeen, S.D.]
Polaris Industries Inc., announced that on September 1, 2016, Evergreen will launch a new lending division, Performance Finance, exclusively focused on the financing of Polaris motorcycle and Slingshot products. Evergreen will operate the Performance Finance division out of its Reno, Nevada facility, in connection with a multi-year retail financing contract with Polaris. Evergreen Bank Group is a..."/>
Evergreen Bank Group Launches New Lending Division, Performance Finance, Focused Solely On Polaris Products
Regal Entertainment Group, a leading motion picture exhibitor owning and operating one of the largest theatre circuits in the United States, today announces two special showings of Willy Wonka& the Chocolate Factory starring the late, great Gene Wilder. The screenings will take place this Saturday, September 3, at 2:00 p.m. and 7:00 p.m. at select Regal Cinemas across the country. "Gene Wilder took one of Roald Dahl's most beloved..."/>
Gene Wilder's Willy Wonka & The Chocolate Factory Returns to the Big Screen this Saturday at Regal International, Ltd., a leading travel service provider of accommodation reservation, transportation ticketing, packaged tours and corporate travel management in China, today announced its unaudited financial results for the second quarter ended June 30, 2016.. Highlights for the Second Quarter of 2016. Net revenues for the second quarter of 2016 were RMB4.4 billion, up 75% year-on-year. Despite a tough comparable base in the..."/>
Ctrip Reports Unaudited Second Quarter of 2016 Financial Results
EMC Corp. in the S&P 100, and Charter Communications Inc. will replace EMC in the S&P 500 after the close of trading on Wednesday, September 7. Privately held Dell Corp. is acquiring EMC in a deal expected to be completed on or about that date, pending final conditions. The Kraft Heinz Company, headquartered in Pittsburgh, PA, manufactures and markets food and beverage products."/>
Kraft Heinz Set to Join S&P 100; Charter Communications to Join S&P 500

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