Industry News

HKTDC Export Index for 3Q16 Holds Steady
Insignia Systems, Inc. today announced that James Illingworth will be joining Insignia as Sr. Vice President of Marketing and Business Development effective October 3, 2016. Illingworth brings nearly 20 years of brand building experience at Procter& Gamble Co. where he was responsible for leading large US and global brands, developing new products and leading shopper marketing organizations."/>
Insignia Systems, Inc. Announces James Illingworth as Sr. Vice President of Marketing and Business Development
Flexsteel Industries Inc approved a quarterly common stock dividend of USD0.20 per share, the company revealed on Tuesday. This dividend was an 11% increase in the company's dividend, the fifth increase since March 2009. itwill be paid on 7 October 2016 to shareholders of record as of 23 September 2016.. Also, the company stated that it has paid cash dividends on its common stock each year since 1938 and this is the 299th consecutive quarterly cash..."/>
Flexsteel announces 11% higher dividend of USD0.20 per share for quarter
Tata Motors Ltd is planning a big push in the export of commercial vehicles in a bid to cushion itself from the cyclical nature of the home market. The market leader in trucks exported 50,000 units in the year ended in March 2016 and is now looking to double overseas sales in the next two years, Ravindra Pisharody, executive director of commercial vehicles said in an interview with Mint. "Besides defence, exports is an important pillar to hedge ourselves from the..."/>
Tata Motors plans to double export of commercial vehicles in two years [Mint, New Delhi]
Naspers Group, said on Wednesday it will buy rival Citrus Pay for $130 million, the fifth-largest deal ever in the Indian start-up business and an indicator of the booming financial technology sector. After the acquisition, PayU India will have more than 30 million customers. The company forecast that it will process an estimated 150 million transactions worth $4.2 billion in 2016.."/>
PayU to buy rival Citrus Pay for $130 million [Mint, New Delhi]
Huayi Brothers Media Corporation jointly announced the signing of an equity investment agreement on November 19, 2015, whereby, Huayi Brothers invested 1.9 billion yuan for a 20 per cent stake in Hero Entertainment, making Huayi the latter's second largest..."/>
Huayi Brothers Media Invests US$288 Million, Becoming Hero Entertainment's Second Largest Shareholder
Character Group plc, designers, developers and international distributor of toys, games and giftware provides the following update on trading. The Directors are pleased to report that solid progress continues to be made and the Board expects to deliver results for the year ended 31 August 2016 that will meet market expectations."/>
The Character Group plc - Trading Update
U.S. workers finally get first raise [Boston Herald]
Branding China Group Limited China's first integrated corporate and startup service provider listed in Hong Kong, announces the Equity Transfer Agreement with Shanghai Jingwei, undertaking a new development for its park area management business. According to a source, the majority of Shanghai Jingwei's properties will be leased out to the international co-working property and shared economy giant-- Wework, providing startups and the self-employed..."/>
Branding China Acquires a New Park Area Joined by an International Giant to Enhance Quality Startup Business Services
Marine Products Inc. said it will shut down its Brusly plant beginning on Halloween, a move that will put 288 employees out of work after it announced then reversed a similar layoff. Two other companies also announced layoffs Tuesday: Bradken's Amite foundry and ProActive Technologies Inc., which lost a military contract in northwest Louisiana. According to a notice filed Aug. 31 with the Louisiana Workforce Commission, Trinity said all barge production and..."/>
Trinity Marine announces 288-job shut down at Brusly plant [The Advocate, Baton Rouge, La.]
WCI Communities to build a new single-family community in North Naples. The vote on the requested changes was swift and unanimous Tuesday. WCI plans to build 66 single-family homes on a little more than 43 acres north of Vanderbilt Beach Road and east of Livingston Road."/>
Collier commissioners approve new WCI project in North Naples [Naples Daily News, Fla.]
Tata Motors Ltd is planning a big push in the export of commercial vehicles in a bid to cushion itself from the cyclical nature of the home market. The market leader in trucks exported 50,000 units in the year ended in March 2016 and is now looking to double overseas sales in the next two years, Ravindra Pisharody, executive director of commercial vehicles said in an interview with Mint. "Besides defence, exports is an important pillar to hedge ourselves from the..."/>
Tata Motors plans to double export of commercial vehicles in two years [Mint, New Delhi]
Reliance Capital Ltd will list its housing finance unit to unlock value for its shareholders. "The listing of Reliance Home Finance will also lead to increased management focus and accelerated growth in the home finance business," Reliance Capital said in a statement on Tuesday, without giving details. Reliance Capital's shareholders would get one share of Reliance Home Finance for every share held of the parent company, the statement..."/>
Reliance Capital to list its housing finance arm [Mint, New Delhi]
Bajaj Auto, Harsh Mariwala, chairman of Marico and Ajay Piramal of Piramal Enterprises among others. Balakrishna, who has been a close associate of Baba Ramdev, has a wealth of Rs 25,600 crore, and has been ranked 26th in the Hurun India Rich List for 2016.. Balakrishna's meteoric rise comes..."/>
Baba Ramdev's biz partner enters Hurun India rich list ahead of Ravi Ruia, Rahul Bajaj [Hindustan Times, New Delhi]
Gannett Co. Inc.. Glines has served as the YNC president for more than four years, overseeing The York Daily Record, The Chambersburg Public Opinion, The Lebanon Daily News, The Hanover Evening Sun and business operations of The York Dispatch. Glines' last day in York will be Friday, according to the email, which..."/>
BRIEF: York Newspaper president leaving for North Carolina [The York Dispatch, Pa.]
Ruby Tuesday restaurant chain has resigned after a summer of setbacks that included market losses and restaurant closings, according to reports. Buettgen's departure was reported Tuesday by MarketWatch. Lane Cardwell will serve as interim president and CEO until a permanent replacement can be found, MarketWatch reported."/>
BRIEF: Ruby Tuesday CEO steps down [The Knoxville News-Sentinel, Tenn.]

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