Industry News

Fossil Group Inc. is just days away from launching "FossilQ" in India, marking the second launch of a smartwatch by a traditional watchmaker in as many months in Asia's third-largest economy. India's own Titan launched "JUXT Pro" in August, even as outsiders such as Apple, Samsung, Motorola and Huawei continue to try to crack India's nascent smartwatch market. The incentive to bring smartwatches to India is simple: 1.2 billion people, its burgeoning..."/>
How to crack India's smartwatch market [Mint, New Delhi]
Jubilant FoodWorks Ltd fell as much as 8.13% on Tuesday after the company said its chief executive officer and whole-time director Ajay Kaul resigned. The stock touched a low of Rs.923.50 a share, a level last seen on 12 February. The stock fell in 14 out of the last 17 trading sessions and has lost 25.06% in this period."/>
Jubilant FoodWorks shares fall 8.1% as CEO Ajay Kaul quits [Mint, New Delhi]
Entergy Corp. said the Pilgrim Nuclear Power Station returned to full capacity early yesterday morning."/>
Boston Herald The Ticker column [Boston Herald]
Profiting from new accounting standards [Mint, New Delhi]
Sears Holding Corp., which owns Kmart, is closing 17 unprofitable stores by January. The Kmart store at North Pointe Plaza on Cassopolis Street north of downtown Elkhart is one of the stores listed to close, according to Business Insider magazine."/>
BRIEF: Elkhart's lone Kmart store slated to close by January [The Elkhart Truth, Ind.]
Under Armour CEO Kevin Plank's massive Port Covington project-- a deal supporters tout as a way to bring thousands of jobs to Baltimore, but critics decry as corporate welfare. City Council President Bernard C. "Jack" Young said the deal with Plank's Sagamore Development Co. is too good to pass up."/>
City Council approves $660 million for Port Covington project [The Baltimore Sun] has quietly grown its Austin corporate offices since opening in the Domain area in the summer of 2015, more than doubling its Central Texas workforce to 350 and on the hunt for more. The online retail giant has more than 100 openings for positions at its Austin offices, which includes two floors of the Domain 7 building at 11501 Alterra Parkway, since moving there more than a year ago, said Terry Leeper, general manager of Amazon Austin."/>
Amazon continues swift growth in Austin [Austin American-Statesman]
SeaWorld Entertainment on Monday revealed more bad news for investors: It is suspending its quarterly stock dividend. The company will pay one more dividend next month of 10 cents, down from the previous 21 cents. SeaWorld said it expects to "redeploy the additional capital to shareholders by opportunistically repurchasing" stock during the rest of this year."/>
SeaWorld suspends dividend payments to investors [Orlando Sentinel]
Marriott and Marriott Residence Inn set to occupy a single building in Charlotte, N.C. MJM Group, a leading Marriott developer based in Raleigh, N.C., is putting up the 188- room dual-brand hotel scheduled for completion by March 2018."/>
BRIEF: St. Louis ties to a Charlotte hotel project [St. Louis Post-Dispatch]

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