Industry News

Liberty Property Trust is under agreement to sell much of its holdings in the Great Valley Corporate Center, the pioneering Chester County business park that transformed Malvern and made the developer into a major regional office landlord. The company is selling 26 Great Valley properties, accounting for over a million square feet of office and light-industrial space, to Horsham-based Workspace Property Trust, Liberty announced Monday. The properties are part of a..."/>
Liberty Property Trust to sell most Great Valley Corporate Center holdings in milestone for company [The Philadelphia Inquirer]
Maruti Suzuki India Ltd, India's largest car maker, said that the local car market will reach 5 million units in annual sales by 2020, making the country the fourth-largest market in the world. The estimates were given by Maruti Suzuki chairman R.C. Bhargava at an auto parts conference on Monday."/>
India to be a five million car market by 2020: Maruti Suzuki's RC Bhargava [Mint, New Delhi]
Under Armour founder and CEO Kevin Plank. The gift was announced Friday at CollegeBound's annual scholars luncheon, the Cupid Foundation said in a release."/>
Kevin Plank donates $1 million to Baltimore's CollegeBound Foundation [The Baltimore Sun]
McDonald's rebound to slow? Analysts are predicting that the world's largest burger chain, which has enjoyed earnings growth and larger-than-expected sales in recent quarters, will report Tuesday morning that growth slowed in the second quarter. That's due to a mix of factors both within and outside of the Golden Arches."/>
After record run, analysts expect McDonald's to report slower sales [Chicago Tribune]
ViaSat has been awarded a federal contract to provide high-speed, in-flight Internet to Air Force One and other government VIP aircraft. The company, which powers onboard Wi-Fi on JetBlue, Virgin America and some United Airlines commercial aircraft, said it will enable "a Situation Room in the Sky" experience on government special mission planes. That includes streaming high-definition surveillance, intelligence and reconnaissance video, in-flight..."/>
ViaSat to power broadband on Air Force One [The San Diego Union-Tribune]
Whirlpool Corp. reported that its second-quarter profit climbed from last year. The maker of Maytag, Kitchen-Aid and other appliances earned $320 million, or $4.15 per share, for the three-month period that ended June 30. That compares with $177 million, or $2.21 per share, during the same period last year."/>
BRIEF: Whirlpool's second-quarter profit climbs [South Bend Tribune, Ind.]
Sinclair Broadcast Group, the parent company of WSBT, according to Ralph Oakley, president and chief..."/>
WSBT to take over Fox affiliate on Aug. 1 [South Bend Tribune, Ind.]
Apple delivers its next business update Tuesday, there's a sense that just hanging in there might be enough to call the last three months a success. That's saying something, especially when talking about the world's most valuable company in terms of market capitalization-- and which reported $50.6 billion in sales during the first three months of the year. "Expectations are low for iPhone and the overall business," Piper Jaffray analyst Gene Munster said in a..."/>
Apple's best hope may be to hold steady as iPhone sales weaken [Mercury News]
Yahoo carries one major unknown. Will Yahoo's billion monthly users and content such as sports and finance be enough to make Verizon a contender in a digital advertising cage fight with Google and Facebook? "If Verizon starts to build an alternative, will advertisers flock?"/>
$4.83 billion Yahoo purchase gives Verizon extended reach [Mercury News]
Honda Announces All-new CBR250RR Sports Model in Indonesia
Rockwell Collins on Monday reported higher third-quarter earnings and sales from continuing operations, but narrowed its profit and revenue projections for the year due to ongoing softness in the business jet market. The Cedar Rapids-based avionics, communications and information management services provider posted net income of $214 million, or $1.63 per share, for the quarter that ended on June 30-- up 23 percent from $178 million, or $1.33 per share, for the same..."/>
Rockwell Collins posts higher earnings, sales [The Gazette, Cedar Rapids, Iowa]
Universal Technical Institute, Inc., the leading provider of automotive technician training, announced today that it will report its financial results for the fiscal 2016 third quarter ended June 30, 2016, on Thursday, August 4, 2016, after market close. UTI will host a conference call at 4:30 p.m. Eastern Daylight Time on the same day to discuss its fiscal 2016 third quarter financial results and operating performance."/>
Universal Technical Institute Schedules Fiscal 2016 Third Quarter Earnings Release and Conference Call
Polaris Industries is issuing a stop-ride/stop-sale advisory, pending a formal recall, for MY2016 RZR Turbo off-road vehicles, due to a potential fire hazard. Polaris is currently evaluating a comprehensive repair solution. Once validated, repair instructions will be issued to Polaris dealers and vehicle owners will be notified that they can contact their dealer about scheduling a free repair."/>
Polaris® Industries Voluntarily Issues Stop-Ride/Stop-Sale Advisory for MY2016 RZR Turbo Off-Road Vehicles

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