Industry News

Bridgepoint Education must refund and forgive $23.5 million in private loans made to students for misrepresenting the amount of their monthly installment payments. The federal Consumer Financial Protection Bureau said Monday that the San Diego company, which operates online colleges Ashford University and the University of the Rockies, also will pay an $8 million fine. "Bridgepoint deceived its students into taking out loans that cost..."/>
Bridgepoint to refund $23.5 million to students [The San Diego Union-Tribune]
BBX Capital Corp. is the new franchisee of MOD Pizza in South and Central Florida, with plans to open 50 or more restaurant locations over the next seven years. BBX Capital said it will open stores in major metropolitan markets including Fort Lauderdale, West Palm Beach, Miami, Orlando and Tampa. "This is a direction we want to go," BBX President and acting CEO Jarett Levan said."/>
BBX Capital to bring MOD Pizza to South Florida [Sun Sentinel]
Metaldyne Performance Group Inc., a leading provider of highly engineered components for use in powertrain and suspension applications for the global light, commercial and industrial vehicle markets, announced the planned closure of the Wisconsin-based Brillion Iron Works, which was recently acquired from Accuride Corporation. The Brillion foundry will cease molding and melt operations in the fourth quarter of 2016."/>
MPG Announces Closure of Brillion Iron Works Foundry as Part of Optimization Strategy
Tesla Motors CEO Elon Musk told reporters Sunday. Joshua Brown, 40, was traveling through Williston, near Gainesville, in his Tesla Model S on May 7. According to reports, he was watching a Harry Potter film when the car's Autopilot system, powered by cameras, could not tell the difference between a turning, white tractor-trailer and the sky behind it."/>
Musk: Tesla Autopilot update could have stopped fatal Florida wreck [The Palm Beach Post, Fla.]
Aramark Corp. is moving its headquarters from its namesake East Market Street high-rise to the banks of the Schuylkill, continuing Center City's westward tilt toward burgeoning University City. The food- and facilities-services giant will be the anchor tenant at the office building currently being constructed in the shell of a former industrial building at 2400 Market St., according to a statement distributed at a Monday news conference. The building plan, subject to..."/>
Aramark moving Schuylkill-side as downtown office district shifts west [Philly.com]
Facebook page, Deen will make an appearance from 5 p.m. to 7 p.m. that day."/>
BRIEF: Paula Deen to visit Mobile Oct. 12 for Belk opening [Alabama Media Group, Birmingham]
TripAdvisor ®, a chief industry proponent for consumers’ rights, applauds the U.S. Senate and House of Representatives for seeking to protect travelers through their passage of the Consumer Review Fairness Act. If signed into law by the President after being reconciled with the version of the bill that was passed in the Senate, the legislation would protect consumers’ right to write online reviews about their travels on sites like TripAdvisor without..."/>
TripAdvisor Applauds the United States Congress for Supporting the Consumer Review Fairness Act
Univision Communications to launch a video-on-demand service aimed specifically at the U.S. The yet-unnamed service, due to premiere in 2017, will court a potential audience of 50 million U.S. Hispanics with a combination of offerings from Pantelion Films, the U.S. based distributor of popular Latin..."/>
Lionsgate and Univision team up for Spanish-language movie streaming service [The Miami Herald]
Keg Royalties Income Fund today announced that its September 2016 distribution of $0.0918 per unit has been declared and is payable to unitholders of record as at September 21, 2016. The September 2016 distribution will be paid on September 30, 2016.. The Fund is a limited purpose, open-ended trust established under the laws of the Province of Ontario that, through The Keg Rights Limited Partnership, a subsidiary of the Fund, owns..."/>
The Keg Royalties Income Fund Announces September 2016 Cash Distribution
InterContinental Hotels Group, one of the world's leading hotel companies, announces at New York Fashion Week that Timo Weiland, New York based Womens and Menswear brand, has been appointed as Style Director for the Crowne Plaza ® brand in the Americas and will design a new collection of hotel team member uniforms. Timo Weiland's aspiring, dynamic and travel-minded style for the modern consumer complements the Crowne Plaza brand's guest's..."/>
Crowne Plaza® Brand Announces Timo Weiland As Style Director For The Americas Region
Weight Watchers International, Inc. today announced that it is commencing a search for a new CEO to lead the next stage of the Company's growth. James Chambers has notified the Board of Directors of his resignation as Chief Executive Officer, effective September 30, 2016, and as a Director of the Company. In addition, Thilo Semmelbauer, who had previously served as Chief Operating Officer with Weight Watchers until 2008, has been elected to the..."/>
Weight Watchers Announces CEO Search
Red Lion Hotels Corporation, a growing hospitality company that operates and franchises upscale, midscale and economy hotels, today announced that Greg Mount, President and Chief Executive Officer, will present at the 2016 B. Riley Consumer Conference at the Sofitel New York on Tuesday, September 13, 2016 from 10:30 a.m. to 10:55 a.m. Eastern Time. In addition, Aaron Howard, VP, Financial Planning and Analysis, will participate in the conference.."/>
Red Lion Hotels Corporation to Present at the 2016 B. Riley Consumer Conference
Marine Products Corporation announced today that it will present at the B. Riley& Co. 2 nd Annual Consumer Conference in New York tomorrow, Tuesday, September 13, 2016, at 2:30 p.m. Eastern Time. The presentation will provide a corporate overview, highlight the products that Marine Products Corporation provides and discuss the most recently published financial results. Management's remarks will be available in real time at Marine Products..."/>
Marine Products Corporation to Present at the B. Riley & Co. 2nd Annual Consumer Conference
Darden Restaurants, Inc., plans to release its fiscal 2017 first quarter financial results before the market opens on Tuesday, October 4, 2016, with a conference call to follow at 8:30 am ET. Gene Lee, CEO, and other senior management will discuss first quarter results and conduct a question and answer session. For those who cannot listen to the live broadcast, a replay will be available shortly after the call."/>
Darden Restaurants To Host Fiscal 2017 First Quarter Earnings Conference Call On October 4, 2016
MCBC Holdings, Inc. today announced that it has commenced a follow-on offering of the Company’ s common stock held by an affiliate of Wayzata Investment Partners. In the offering, which is subject to market and other conditions, the selling stockholder intends to sell 4,000,000 shares of the Company’ s common stock. In addition, the selling stockholder intends to grant the underwriters a 30- day option to purchase up to 600,000 additional shares of the..."/>
MCBC Holdings, Inc. Commences Proposed Follow-on Offering of Common Stock

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