Industry News

Visteon Corporation plans to release its third-quarter 2016 financial results prior to 7 a.m. ET on Thursday, Oct. 27. The company will host a conference call for the investment community at 9 a.m."/>
Visteon to Announce Third-Quarter 2016 Results on Thursday, Oct. 27
BBX Capital Corporation announced today that it has won its appeal in the Eleventh Circuit Court of Appeals in the action brought against the Company and Alan Levan by the SEC. Today's decision reversed two highly unusual pretrial orders entered at the behest of the SEC which, as the Eleventh Circuit points out, violated fundamental legal principles. In setting aside the judgment, the penalties imposed by the district court were reversed as well,..."/>
Eleventh Circuit Court of Appeals Reverses Judgment Against BBX Capital and Alan B. Levan
Conn's, Inc., today announced that it has entered into an agreement to securitize an aggregate of approximately $700 million of retail installment contract receivables, with closing expected on or about October 6, 2016.. The offering includes three classes of fixed rate notes: $391,840,000 aggregate principal amount of the Class A asset backed notes are expected to be rated BBBsf by Fitch, $111,960,000 aggregate principal amount of the Class B asset..."/>
Conn's, Inc. Announces Pricing of New $700 Million Securitization Transaction
Detroit Free Press Mark Phelan column [Detroit Free Press]
Johnson Outdoors Inc., a leading global outdoor recreation equipment company, today announced that W. Lee McCollum is retiring from the Board of Directors effective November 1, 2016. McCollum is the former Executive Vice-President and CFO of SC Johnson and has served as a director of Johnson Outdoors for over a decade. Helen Johnson-Leipold, Chairman and CEO of the Company, said: "Lee’ s financial acumen and breadth of experience have been invaluable to the..."/>
Johnson Outdoors Reports Changes in Board of Directors
Johnson Outdoors Inc., a global leader in innovative outdoor recreation equipment products, today announced approval by its Board of Directors of a quarterly cash dividend of $0.090 per Class A share and $0.082 per Class B share– a 12.5% increase from the dividend rates declared in previous quarters. “We have continued to pay down our debt and add to our healthy cash position. This dividend increase reflects our confidence in our business performance and..."/>
Johnson Outdoors Announces Increase in Cash Dividend
Wipro Ltd veteran Dipanjan Basu as the company's new chief financial officer, six months after the abrupt departure of its previous finance chief Prabhakar Sunder. Basu, who will take over his new role at Myntra on 17 October, was chief finance and operating officer of Wipro's digital and consulting business. "Apart from being an exceptionally talented individual, Dipanjan is also a people leader."/>
Myntra names former Wipro executive Dipanjan Basu as new CFO [Mint, New Delhi]
Marriott is being built on U.S. 378 across from Lexington Medical Center. Clancy Cipkala, managing partner& CEO of Columbia-based Solara Hospitality, said he hopes the hotel will not only service the needs of the hospital, but reach out to the growing town of Lexington and downtown Columbia s well, which he said has a void in extended stay..."/>
Marriott Residence Inn going up in Lexington County [The State (Columbia, S.C.)]
Cosi Inc., known for its flatbread sandwiches, yesterday filed for Chapter 11 bankruptcy protection with plans to sell the company. The cash-strapped chain said it closed 29 of its 74 company-owned restaurants and laid off 450 full- and part-time workers this week."/>
Boston Herald The Ticker column [Boston Herald]
Saregama India Ltd, the RP-Sanjiv Goenka Group's music company, is being turned into a production house to create content for online consumption. Apart from creating original content, Saregama has ambitious plans of dredging out its large collection of Indian film music, "evergreen tracks to be repackaged" for today's online audience, chairman Sanjiv Goenka said. The company, which enjoyed a near monopoly in Indian film music for generations, has so far digitized..."/>
Saregama to shift focus to content for online viewers [Mint, New Delhi]
The brightest men in India? [Mint, New Delhi]
Hercules Capital, along with existing investors including Japan-based NTT Finance, Nexus Venture Partners and Tenaya Capital also participated in the round. The money will be used to improve..."/>
Enterprise start-up Druva raises $51 million from Sequoia, others [Mint, New Delhi]

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