Industry News

Ruby Tuesday restaurant chain has resigned after a summer of setbacks that included market losses and restaurant closings. Contacted for comment Wednesday, the company issued a news release announcing that effective as of Tuesday, its board of directors had appointed F. Lane Cardwell Jr. as interim president and CEO of Ruby Tuesday following the resignation of James J. Buettgen, who was also serving as board chairman, will not stand for..."/>
Ruby Tuesday CEO steps down [The Knoxville News-Sentinel, Tenn.]
Athenahealth is the main tenant."/>
Austin's renovated Seaholm project gets new owner [Austin American-Statesman]
Dell Technologies, ImageWare Systems; Route1, GTX Corp. THANK YOU FOR JOINING US "IN THE BOARDROOM" Marc Blackmer, Product Marketing Manager, Industry Solutions, Security Business Group, Cisco Mr. Ken Mills, Chief Technology Officer Surveillance and Security, Dell Technologies Jim Miller, Chairman and CEO, ImageWare Systems Tony Busseri, Route1, CEO Scott B. Suhy, CEO, NetWatcher."/>
Security Threats & Solutions Discussed on -- Cisco, Dell Technologies, ImageWare, NetWatcher, Route1, GTX
Oil and Natural Gas Corporation alleged in the Delhi high court on Wednesday that Cairn may be colluding with Videocon Industries in a case involving the Ravva oil field in which the three companies, and Ravva oil are partners. Cairn India Ltd moved the Delhi high court last week seeking a refund of costs it had paid on behalf of Videocon Industries Ltd for operation of the Ravva oil field in the Krishna-Godavari basin in Andhra Pradesh. "Cairn is not pressing for..."/>
ONGC accuses Cairn and Videocon of collusion in Ravva oil field case [Mint, New Delhi]
Comcast Business is expanding its advanced fiber network in Southwest Florida, offering Ethernet services with speeds up to 100 gigabits per second. The new service is ideal for larger businesses or organizations that do video conferencing, streaming, file sharing and backup, use cloud-based applications and have multiple users on a Wi-Fi network."/>
Comcast Business expanding in Southwest Florida [Naples Daily News, Fla.]
Reliance Communications Ltd and Aircel Ltd is so sketchy on details, it almost gives the impression the two companies have decided to make things up as they go along. The all-important detail of how much equity the two companies plan to bring in to the merged entity has been left unanswered. "On consummation of the merger, RCom and Maxis Communications are committed to additional equity infusion into the merged company to..."/>
RCom, Aircel announce merger: the devil is in details [Mint, New Delhi]
Naspers Group, will buy rival Citrus Pay for $130 million in an all-cash deal. PayU India will have more than 30 million customers post the acquisition of Citrus Pay. The company forecast it will process an estimated 150 million transactions, worth $4.2 billion, in 2016."/>
PayU Global to buy rival Citrus Pay for $130 million [Mint, New Delhi]
Reliance Communications Ltd has signed a definitive agreement to merge its wireless business with smaller rival Aircel Ltd to create India's third largest telecom operator by users. The new entity will combine Reliance Communications's wireless business and Aircel's operations in India, including all the spectrum held by the two companies, Mumbai-based R-Com said in a statement on Wednesday. The combined entity will have 187.64..."/>
Reliance Communications, Aircel to merge mobile business [Mint, New Delhi]
VisionChina Media Inc.' s consolidated variable interest entities VisionChina Media Group Co., Ltd. and Shenzhen HDTV Industrial Investment Co., Ltd. have closed the sale of all of VisionChina Media's subway mobile TV advertising business to Ledman Optoelectronic Co., Ltd. for an aggregate consideration ofRMB 780 m, the company said. Ledman is a manufacturer and distributor of LED products..."/>
VisionChina Media Closes RMB 780m Sale of Subway Mobile TV Advertising Business to Ledman Optoelectronic
M and A Navigator: Deal pipeline 15 September
JRjr33, Inc., doing business as JRJR Networks today announced financial results for its first quarter of 2016.. "Across the board, by multiple measures of performance, we saw record-breaking growth and continued progress in the first quarter," said John Rochon, Jr., founder and vice chairman. "When comparing the first quarter of 2016 to the first quarter of 2015, we saw a significant revenue increase, an increase in gross profit and gross profit margin,..."/>
JRJR Networks Announces First Quarter Results Revenue Of $36.8 Million Up 89%; Gross Profit Increases To $21.4 Million, Up 94%
Evine Live Inc. announced today the execution of a definitive agreement to sell $10 million of common stock at $1.68 per share, which was priced at a 10 percent discount to the previous 15 day average of the Company’ s stock, to investors that include, among others, Mr. This initial investment is expected to close within a week.. In connection with this investment, the Company also announced that Tommy Hilfiger and Tommy Mottola will become advisors to Evine."/>
Evine Secures Strategic Investment Led By Tommy Hilfiger, Morris Goldfarb and Tommy Mottola
Starbucks' first foray into creating original content-- a series of videos, podcasts and stories it calls "Upstanders", highlighting ordinary Americans doing inspirational things-- likely won't be its last. Certainly, the series is meant to be uplifting, providing examples of things people could do to better their communities. And it falls in line with Starbucks CEO Howard Schultz's ruminations about the role of corporations in public life."/>
Starbucks' 'Upstanders' videos are about social impact as well as bottom line, says Schultz [The Seattle Times]

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