Industry News

Sears Holdings, which owns Kmart. Store employees were notified today."/>
Kmart: Clinton Twp. store to close, start liquidating [Detroit Free Press]
BorgWarner, a global automotive parts supplier geared toward technologies to improve fuel economy and emissions, announced plans Thursday to expand its Auburn Hills operations and create 76 jobs with support from the Michigan Strategic Fund, state officials said. The project is expected to generate $27 million in total investment. "BorgWarner is a global player in automotive R&D and could have chosen to expand anywhere in the world."/>
Auto supplier BorgWarner to expand in Auburn Hills, add 76 jobs [Detroit Free Press]
Peak Resorts, Inc., a leading owner and operator of high-quality, individually branded ski resorts in the U.S., today reported results for the fourth quarter and full year of its 2016 fiscal year ended April 30, 2016.. Revenue for fiscal 2016 was $95.7 million. Fiscal 2016 net loss was $3.3 million, or 23 cents per share. Reported EBITDA* for fiscal 2016 was $16.2 million. Resort operating expenses were down $0.5 million for the full year. During the spring, demand..."/>
CORRECTED: Peak Resorts Reports Results for Fourth-Quarter and Full-Year 2016
Carmike Cinemas, Inc. today announced that in light of ongoing discussions between Carmike and AMC Entertainment Holdings, Inc. regarding the previously announced merger agreement between AMC and Carmike, Carmike intends to adjourn the Special Meeting of Stockholders scheduled for July 15, 2016.. Carmike intends to reconvene the Special Meeting on July 25, 2016 at 9:00 a.m. local time, at the offices of King& Spalding LLP located at 1180 Peachtree Street, N.E.,..."/>
Carmike Cinemas Announces Intention to Adjourn Special Meeting until July 25, 2016
Omnicom Group Inc. declared a quarterly dividend of 55 cents per outstanding share of the corporation's common stock. The dividend is payable on October 10, 2016 to Omnicom Group common shareholders of record at the close of business on September 22, 2016.. Omnicom Group is a leading global marketing and corporate communications company."/>
Omnicom Group Inc. Declares Dividend
Cathay Pacific Airways plans to stop in Portland twice a week as part of a route that begins and ends at the company's hub in Hong Kong, also stopping along the way in Los Angeles. The port had been recruiting a carrier for two years, it said."/>
Port of Portland lands new air cargo carrier for Asia-bound exports [The Oregonian, Portland, Ore.]
Bassett Furniture Industries, Inc. announced that on July 13, 2016, John R. Belk, former President and Chief Operating Officer of Belk, Inc., was elected a member of its Board of Directors. The Company’ s Chairman and CEO, Robert H. Spilman, Jr., said,“ We are pleased and excited to have a director of Johnny Belk’ s caliber join our Board. Johnny has more than thirty years of experience in retail as well as two decades of public company board service, making him a welcome and..."/>
Bassett Announces Board Appointment & Increases Quarterly Dividend
Gap Inc. said today it will add more than 100 jobs at the company's distribution center in Gallatin, Tenn. Gap Inc. is investing $3.1 million in technology and other upgrades over the next five years to expand its online fulfillment services provided at its Gallatin campus. "Just three years ago, Gap Inc. invested $35 million to bring 90 jobs to Gallatin," Tennessee Gov."/>
Gap expands in Tennessee, adds 100 jobs at distribution center [Chattanooga Times Free Press, Tenn.]

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