Industry News

Dollar General Corporation on Thursday reported net income of USD307m, or USD1.08 per diluted share, for the second quarter of fiscal 2016, ended 29 July 2016.. This was in comparison with net income of USD282m, or a 14% increase over USD0.95 per diluted share, in the second quarter of 2015.. Net sales for the quarter were up by 5.8% to USD5.39bn, as compared with USD5.10bn in the second quarter 2015."/>
Dollar General posts net income of USD307m in Q2 2016
Movado Group Inc on Thursday reported net income of USD6.3m, or USD0.27 per diluted share, for the second quarter of fiscal 2017, ended 31 July 2016.. This was a decline over net income of USD12.1m, or USD0.50 per diluted share, in Q2 of fiscal 2016.. Net sales for the quarter were USD128.1m, down by 12% as compared with USD145.6m in Q2 2016."/>
Movado Group posts net income pf USD6.3m in Q2 fiscal 2017; Updates fiscal 2017 guidance
Horizon Global with 10%. DPE Deutsche Private Equity, together with its co-investors, has entered into a definitive agreement to sell Westfalia-Automotive and Terwa to Horizon Global. Horizon Global is a global designer, manufacturer and distributor of towing, trailering,..."/>
DPE Sells Westfalia-Automotive and Terwa to Horizon Global
Jamba Juice Company announced on Thursday the opening of the first Jamba Juice location in Indonesia by the Panen Lestari Internusa. Reportedly, this is the company's 65th international location. This new store is located in the Central Park Mall in Jakarta."/>
Jamba Juice announces opening of first location in Indonesia at Jakarta
Liberty Global plc on Thursday announced changes within its finance and accounting organisation following the planned retirement of Bernie Dvorak, EVP and co-chief financial officer. Dvorak, who is responsible for accounting, compliance and investor relations, will retire at the end of this year, after over three decades of leadership positions in the cable industry, most of which have been with Liberty Global and affiliated companies. Under these changes, effective 1..."/>
Liberty Global makes organisational changes in Finance and Accounting
Macy's store at the Mall of New Hampshire and a Bloomingdale's outlet in Merrimack are on a list of 28 store locations "most at risk of closing," according to a statistical rating organization. Morningstar Credit Ratings identified 28 Macy's- owned locations that reported below-average tenant sales after the retailer said it planned to close around 100 stores starting next year because of slower traffic. Morningstar's analysis showed the Manchester store sales..."/>
Two NH stores on Macy's 'at risk' list [The New Hampshire Union Leader, Manchester]
Six Flags Entertainment Corporation authorised a third-quarter cash dividend of USD0.58 per share on the company's common stock, it declared on Friday. All shareholders of record date on 6 September 2016 will be paid the dividend on 12 September 2016.. A regional theme and water park company, Six Flags has revenue of USD1.3bn and 18 parks in the US, Mexico and Canada."/>
Six Flags declares dividend of USD0.58 per share for quarter
Tata Motors Ltd, India's largest automaker by sales revenue, is set to report its earnings for the June quarter on Friday. The Tata Group flagship, which is driven by its UK subsidiary Jaguar Land Rover Automotive Plc, both in terms of profitability and revenue, is expected to report a net profit of Rs.2, 533 crore, according to a Bloomberg poll of 23 analysts, and a net sales of Rs.65, 111 crore, according to 24 analysts. Driven by new models, JLR continued to turn in brisk..."/>
Tata Motors Q1 results: What to watch out for [Mint, New Delhi]
Local business briefs [Herald-Times, Bloomington, Ind.]
Garmin International Inc. will be built on a new road named One Garmin Way. Garmin, maker of navigation and wireless devices, and the city of Olathe will jointly announce Friday that groundbreaking will begin for a $200 million expansion project at the company's headquarters. The new construction includes a 720,000- square-foot manufacturing and distribution center and a new loop road that will extend through the campus at..."/>
Garmin launches $200 million expansion at Olathe headquarters [The Kansas City Star]
Starbucks at 749 East Broadway at the intersection of L Street in South Boston, despite opposition from Mayor Martin J. Walsh and many neighbors. "We're thrilled with the decision and look forward to being an active neighbor and gathering place for the Southie community."/>
Starbucks wins Southie rematch [Boston Herald]
MannKind Corporation, a developer of devices for treatment of diabetes. Before his death, Mann staged offerings for the company on both Nasdaq and the Tel Aviv Stock Exchange."/>
Alfred Mann's legacy stimulates Israeli innovation [Globes, Tel Aviv, Israel]
Akamai Technologies Inc. with its "State of the Internet" reports. Enterprises, on the other hand, know Akamai for more than just that--as a content delivery network services company that helps them access a speedier and smarter Internet, and one that is reliable and secure. Much of what Akamai does is accomplished with the help of sophisticated algorithms, Tom Leighton, its chief executive officer, said in an interview in Mumbai."/>
Whatever we do is around mobile now: Akamai CEO Tom Leighton [Mint, New Delhi]
Target Corp. said it will end its business relationship with Welspun India Ltd, stating it had received bedsheets where Egyptian cotton was substituted with a cheaper variant. When stock market trading resumed on Monday, it was clear Welspun India wasn't worth the Rs.10, 370 crore valuation it enjoyed until the prior week. But how much was it now worth?"/>
How long does it take to discover Welspun India's new worth? [Mint, New Delhi]
Tata Communications Ltd said on Thursday that it had filed a complaint against Sharepro Services Pvt. Ltd with the Economic Offences Wing, citing certain irregularities in the records of its securities maintained by the share transfer agent. In April, the Securities and Exchange Board of India had filed a complaint with the EoW for registering a first information report against Sharepro Services and 15 others--less than two weeks after the regulator had barred..."/>
Tata Communications files complaint against Sharepro with EoW [Mint, New Delhi]
Accenture analysis of data from CB Insights. Total investment in Asia-Pacific's financial technology sector reached $9.62 billion as of July 31, more than twice the $4.26 billion invested in the region in all of 2015.. "China's established companies, rather than nascent start-ups, are at the forefront of the..."/>
Asia-Pacific beats North America in fintech investment: report [Mint, New Delhi]
Welspun India Ltd's largest customers said late on Wednesday evening it will independently review its supply chain following Target Corp.' s decision to snap ties with the Indian textile maker. Bed Bath& Beyond is the fourth retailer following Target, Wal-Mart Stores Inc and J.C. Penney Co. now reviewing its supply chain to verify Welspun's product claims."/>
Welspun India product claims: Now, Bed Bath & Beyond starts review [Mint, New Delhi]

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