Industry News

Gentex is off to the races. As Porsche took the checkered flag and logged its record-setting 18th victory at last month's 24 Hours of Le Mans, driver Neel Jani monitored the cars behind him not in a standard rearview mirror, but an intelligent rear vision system supplied by Gentex Corp. in Zeeland. The Le Mans has been held annually in France since 1923."/>
Gentex product provided advantage to 24 Hours of Le Mans Porsche drivers, winner [Holland Sentinel, Mich.]
Second Cup Ltd. reported financial results today for the second quarter ended June 25, 2016.. Q2 same store sales of -1.3% compared to -1.1% in Q1. For the first 4 weeks of Q3 same store sales improved to +1.3%. Loss of $441,000 or $0.03 per share for the quarter compared with a loss of $72,000 or $0.01 per share in the second quarter of 2015. Net loss year to date is $1,047,000 or $0.08 per share compared to a loss of $148,000 or $0.01 per share in 2015...."/>
The Second Cup Ltd. Reports Results for the Second Quarter 2016
CalAtlantic Group, Inc. has declared a quarterly dividend of $0.04 per share, payable on September 30, 2016, to common stockholders of record on September 15, 2016.. CalAtlantic Group, Inc., a combination of Standard Pacific Corp. and Ryland Group, Inc., two of the nation's largest and most respected homebuilders, offers well-crafted homes in thoughtfully designed communities that meet the desires of customers..."/>
CalAtlantic Group, Inc. Declares Quarterly Dividend
Kingold Jewelry, Inc., one of China's leading manufacturers and designers of high quality 24- karat gold jewelry, ornaments and investment-oriented products, today announced that Wuhan Kingold Jewelry Company Limited, the controlled subsidiary of the Company, has sold all of its interest in the Shanghai Creative Industry Park, or the Kingold Jewelry Cultural Industry Park to Wuhan Lianfuda Investment Management Co., Ltd. for RMB..."/>
Kingold Jewelry Sells Jewelry Park for Approximately $171 Million
ServiceMaster Global Holdings Inc. were marked down by an $88 million charge to settle all claims from fumigation in the U.S. Virgin Islands that sickened a Delaware family. ServiceMaster on Thursday reported net income of $16 million, or 11 cents a share, for the three months ended June 30, compared with $67 million, or 49 cents per share a year ago."/>
ServiceMaster takes $88 million charge in fumigation settlement [The Commercial Appeal, Memphis, Tenn.]
Ruth's Hospitality Group reported Friday. Revenues for the fine dining restaurant chain gained 1.7 percent compared to a year ago to $92.7 million, but net income fell by $608,000 to $6.9 million. "Simply put, we faced slower revenue growth and higher year-over-year labor costs," said CEO and chairman Michael P. O'Donnell in a call with investors."/>
Ruth's Chris growth slows, revenue slips [Orlando Sentinel]
Sinclair Broadcast Group, Inc. today entered into a Consent Decree with the Federal Communications Commission resolving a number of previously disclosed matters that have been pending at the FCC, some for more than a decade, and several involving recently acquired stations. These matters related to certain content broadcast on Sinclair stations, technical issues relating to local marketing agreements, and the FCC's rule regarding joint..."/>
Sinclair Settles Outstanding Matters With The Federal Communications Commission
Arctic Cat lost $10.6 million in the first quarter and downgraded 2016 expectations after sales declined amid a weakening power-sports marketplace, officials said Friday. The company's stock price fell by 13 percent in late morning trading. The Plymouth-based maker of all terrain vehicles and snowmobiles said that its long restructuring process remains on track and involved successfully decreasing excess dealer..."/>
Arctic Cat stock down more than 10 percent after losing $10.6 million in second quarter [Star Tribune (Minneapolis)]
Comcast and deter cord-cutters with what it touts as a better pay-TV experience. Layer3 TV, a Denver-based startup, will offer hundreds of cable channels and online video packaged together in one sleek box, a platform that allows viewers to navigate everything from traditional networks to services like Netflix seamlessly. Backed by more than $100 million in funding from..."/>
New cable company Layer3 TV to take on Comcast, Chicago-area cord-cutters [Chicago Tribune]
Pool Corporation announced today that its Board of Directors declared a quarterly cash dividend of $0.31 per share. The dividend will be payable on August 24, 2016 to holders of record on August 10, 2016.. Pool Corporation is the world's largest wholesale distributor of swimming pool and related backyard products."/>
Pool Corporation Declares Quarterly Cash Dividend
Kandi Technologies Group, Inc., today announced that it will report second quarter 2016 financial results on Tuesday, August 9, 2016, before the open of trading in the U.S.. The Company has scheduled a conference call and live webcast to discuss the financial results at 8:00 AM on August 9, 2016. Hu Xiaoming, Chief Executive Officer and Mr."/>
Kandi Technologies to Announce Second Quarter 2016 Results and Hold Conference Call on August 9
Pecos cantaloupes now in stores [Odessa American, Texas]
Carnival Cruise Line announced today that Carnival Horizon will be the name of its new 133,500- ton ship scheduled to be delivered in March 2018.. Currently under construction at Fincantieri's shipyard in Marghera, Italy, Carnival Horizon will be the line's second Vista-class ship, with the namesake vessel in the series, Carnival Vista, having entered service in May 2016.. Carnival Horizon will offer many of the hugely popular indoor and outdoor..."/>
Carnival Cruise Line's New 133,500-ton Ship To Be Named Carnival Horizon

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