Industry News

Mohawk Industries has been awarded a record fourth Pinnacle Award from flooring trade publication Floor Covering Weekly. The GreenStep Pinnacle Award recognizes Mohawk's efforts and investments in sustainability. Mohawk is engaged in programs to reduce waste-to-landfill and water intensity in the manufacturing process."/>
BRIEF: Mohawk Industries awarded sustainability prize [Chattanooga Times Free Press, Tenn.]
Lear Corporation authorised a common stock cash dividend of USD0.30 per share for the quarter, the company disclosed on Wednesday. This dividend will be paid on 22 September 2016 to shareholders of record at the close of business on 1 September 2016.. Lear is a supplier of automotive seating and electrical distribution systems to automakers globally and its content is on over 350 vehicle nameplates."/>
Lear announces dividend of USD0.30 per share for quarter
Panasonic Avionics and Yahsat today announced the signing of a Memorandum of Understanding to explore new ways to offer a broadband connectivity solution serving several mobility markets in the Middle East within the next three to five years. In addition, while final terms are still being negotiated, the MOU allows both parties to further investigate the launch of a Yahsat satellite constellation that would serve..."/>
Panasonic Avionics and Yahsat Announce Landmark Connectivity Services Agreement Aimed at the Middle East Mobility Market
Uber deal tests Didi's pact with Ola [Mint, New Delhi]
Nordstrom experience of thrift?""/>
New Goodwill president and CEO plans to revamp local stores [The Frederick News-Post, Md.]
Brunswick Corporation today announced that Phillip Haan, 38, has been promoted to vice president- investor relations, succeeding Bruce Byots, who is retiring from the Company. Haan's appointment is effective Aug. 31, and he will report to William L. Metzger, senior vice president and chief financial officer. "Phillip is a highly skilled and talented financial professional who has made significant contributions in various roles within the Company," Metzger..."/>
Brunswick Names Haan Vice President
JB Hi-Fi Limited's proposed acquisition of the Good Guys Discount Warehouses Pty Ltd and the Muir Finance Company Pty Ltd. Based on extensive market feedback and other industry information, the ACCC concluded that JB Hi-Fi and the Good Guys generally focus on different product categories and customers. The ACCC also found that post-acquisition, customers would have a range of alternative..."/>
ACCC will not oppose JB Hi-Fi move on the Good Guys
Sears will no longer have a presence in the Holland area come Aug. 27.. Sears Appliance and Hardware at 2931 W. Shore Drive will close its doors permanently at the end of business Saturday, Aug. 27, said David Chester, general manager. However, the store could close sooner if it runs out of inventory, he added."/>
Final Holland-area Sears remnant to close Aug. 27 [Holland Sentinel, Mich.]
Boston Herald The Ticker column [Boston Herald]
Wynn Resorts said. "Wynn is absolute in our commitment to keep as much spending as possible close to home during our nearly..."/>
Wynn seeks local bids for construction of Everett casino [Boston Herald]
MakeMyTrip Ltd on Wednesday said it has opened a technology centre in Bengaluru to boost its technology and product verticals. The Nasdaq-listed company, which has about 400 executives in its technology and product teams in Gurgaon, aims to recruit about 200 executives for the Bengaluru office in the coming months. Executives at the Bengaluru office will drive developments on customizing the platform to work smoothly on low Internet..."/>
MakeMyTrip opens technology centre in Bengaluru [Mint, New Delhi]
Amazon.com Inc.' s local unit, on Wednesday said it has launched a used books store on its platform with over 100,000 titles across genres such as literature, romance, biography and textbooks. The books come from sellers on Amazon. These books are graded by the sellers under categories such as "new", "good" and "acceptable", based on their condition."/>
Amazon India launches used books store [Mint, New Delhi]
Mahindra and Mahindra Ltd on Wednesday said its net profit in the June quarter rose 12.37% from a year ago on higher sales, other income and lower finance cost. Net profit of India's largest utility vehicle and tractor maker was Rs.955.21 crore, against Rs.850.09 crore last year. Net sales also increased 14% to Rs.11, 800.19 crore from Rs.10, 348.54 crore last year."/>
Mahindra & Mahindra Q1 profit rises 12.37% to Rs955.21 crore [Mint, New Delhi]
Facebook. The event, held by the Palm Beach Post, featured Ty Schlegel from Facebook's partner management division. Schlegel told the audience, many of whom were eager for clues on what's next at Facebook, that the key to success on social media was in their pockets and..."/>
Facebook: Social media a valuable tool if you're strong on mobile [The Palm Beach Post, Fla.]
Hero MotoCorp Ltd chief Pawan Munjal, 61, and his younger brother Sunil, 55, met up with a common family friend for dinner. The friend was Sunil Bharti Mittal, chairman of India's largest telco Bharti Airtel Ltd, a company that has also leased out office space to Hero, the world's largest two-wheeler maker, at its headquarters on 1 Nelson Mandela Marg, making the building one of the most high-profile corporate offices in New..."/>
Munjals find adviser in Sunil Mittal for realignment of Hero Group businesses [Mint, New Delhi]
Uber deal tests Didi Chuxing's pact with Ola [Mint, New Delhi]

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