Industry News

Starbucks plans to open a store in White Center next year as part of the company's nationwide initiative supporting economic development in low- to medium-income communities. The stores provide a job-skills training program for youths-- with an emphasis on connecting 16- to-24-year-olds, who are out of work and school, to jobs. The initiative also involves investments in local minority-owned contractors and suppliers, according to the company."/>
Starbucks to open White Center store, provide youth job training [The Seattle Times]
Carnival Corp.& PLC is donating $2 million to the National Museum of African American History and Culture in Washington, D.C, the Doral-based company announced Wednesday. Carnival Corp. was designated as a founding donor in recognition of the gift made through its philanthropic arm, Carnival Foundation, the cruise company said. The foundation oversees the charitable initiatives of Carnival Corp. and its 10 cruise brands, which include Carnival Cruise..."/>
BRIEF: Carnival Corp. donates $2 million to new African-American museum in D.C. [Sun Sentinel]
Viacom's voting stock, has asked the boards of CBS and Viacom to consider a potential combination of the companies, the firm said. In a letter to the companies' respective boards, National Amusements said it believes that a combination of CBS and Viacom might offer substantial synergies that would allow the combined company to respond even more aggressively and..."/>
National Amusements Pitches Merger of CBS, Viacom
Starbucks will open a new coffee shop with a training focus near Johns Hopkins Hospital early next year, part of a larger move by the coffee giant to offer jobs and training to youths in poor communities around the United States. The Starbucks with an in-store classroom will open in the long-planned East Baltimore Development Inc. project to transform 88 acres north of the hospital into homes, offices and shops. The coffee shop will be located on Ashland Avenue in the..."/>
Starbucks to open shop with a training focus in East Baltimore [The Baltimore Sun]
Pier 1 Imports has adopted a "poison pill" plan designed to discourage a takeover. The shareholder rights plan, announced late Tuesday, gives current shareholders the right to buy shares of junior preferred stock with voting privileges if any person or group acquires 10 percent of the company's common stock. The manuever would make a takeover of the retailer more costly."/>
Pier 1 Imports adopts 'poison pill' to discourage a takeover [Fort Worth Star-Telegram]
Pier 1 Imports reported a loss for its second quarter on lower sales Wednesday, but said it's hopeful that a pickup in store traffic in recent weeks will produce a better second half of the year. The Fort Worth-based home furnishings retailer said its net loss was $4.1 million, or 5 cents per share, for the three months ended Aug. 27, compared to net income of $3.2 million, or 4 cents, in the year-ago period. Net sales decreased 6.7 percent to $405.8 million, and..."/>
Pier 1 Imports reports second-quarter loss on falling sales [Fort Worth Star-Telegram]
SolarCity, the solar energy systems installer whose acquisition by Tesla Motors is being delayed by shareholder lawsuits, is facing another legal challenge from a competitor that accuses it of stealing trade secrets for the production of high-efficiency solar panels. The lawsuit, filed Monday by Cogenra Sola and its longtime majority shareholder Khosla Ventures, alleges that SolarCity and its solar panel manufacturing business, Silevo, stole trade secrets..."/>
SolarCity faces another legal hurdle as competitor sues over trade secrets [The Buffalo News, N.Y.]
Hancock Fabrics space. A ribbon cutting ceremony with Mayor Randy Toms will take place 15 minutes prior to opening Thursday, according to a news release."/>
BRIEF: Giveaways planned for Jo-Ann craft store opening in Warner Robins [The Macon Telegraph]
AlarmForce Industries Inc. is pleased to announce the addition of Chris Gokiert and Lee Matheson to the Board of Directors effective immediately. Chris Gokiert, the current President of Critical Mass, a digital experience design agency, oversees globally key client relationships, the development of service offerings, and the operations of the company. Gokiert has been responsible for overseeing the growth of Critical Mass since 1998 and has helped..."/>
AlarmForce Announces Two New Members to Board of Directors
Emaji, Inc. has raised close to USD 250 k in equity for the purpose of completing its anticipated corporate acquisition in the entertainment industry, the company said. All of the funds were raised by way of private placement of restricted stock priced at or above market. Restricted stock of the company is ineligible for public resale for a period of one year from investment."/>
Emaji Closes Cash Raise; Eyes Entertainment Industry Acquisition
Nexstar Broadcasting Group, Inc.' s Nexstar Broadcasting, Inc. subsidiary has priced a USD 2.75 bn term loan B facility, the company said. The term loan B facility will be issued at a price equal to 99.75% of its face value and will bear interest at a rate of LIBOR plus 3.00%, with a 0.0% LIBOR floor and will have a seven year maturity. Nexstar said the closing of the term loan B facility is subject to customary closing conditions and the closing of the..."/>
Nexstar Broadcasting Prices USD 2.75bn Term Loan B Facility
Caesars Entertainment Operating Company, Inc. and its Chapter 11 debtor subsidiaries today provided the Bankruptcy Court with a report on the term sheet that has been proposed to provide the basis for a revised plan of reorganization for the Debtors. Caesars Entertainment Corporation and representatives of most of CEOC's major creditor groups have confirmed their support for the term sheet. The term sheet provides that the parties will..."/>
Caesars Entertainment, Caesars Entertainment Operating Co. Provide Update on Term Sheet with Creditors Groups

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