Industry News

Cosi Inc., known for its flatbread sandwiches, yesterday filed for Chapter 11 bankruptcy protection with plans to sell the company. The cash-strapped chain said it closed 29 of its 74 company-owned restaurants and laid off 450 full- and part-time workers this week."/>
Boston Herald The Ticker column [Boston Herald]
The brightest men in India? [Mint, New Delhi]
Saregama India Ltd, the RP-Sanjiv Goenka Group's music company, is being turned into a production house to create content for online consumption. Apart from creating original content, Saregama has ambitious plans of dredging out its large collection of Indian film music, "evergreen tracks to be repackaged" for today's online audience, chairman Sanjiv Goenka said. The company, which enjoyed a near monopoly in Indian film music for generations, has so far digitized..."/>
Saregama to shift focus to content for online viewers [Mint, New Delhi]
Hercules Capital, along with existing investors including Japan-based NTT Finance, Nexus Venture Partners and Tenaya Capital also participated in the round. The money will be used to improve..."/>
Enterprise start-up Druva raises $51 million from Sequoia, others [Mint, New Delhi]
Under Armour CEO Kevin Plank's $5.5 billion waterfront development-- a step she called "one of the most significant milestones of Baltimore's modern history." Flanked by City Council members, Plank's deputies and community activists, Rawlings-Blake signed legislation that authorizes the city to..."/>
Rawlings-Blake signs off on Port Covington public financing [The Baltimore Sun]
Bon-Ton Stores Inc. on Wednesday said it plans to hire 13,000 seasonal associates for its stores for what it hopes will be a busy holiday season."/>
Bon-Ton to hire 13,000 for holiday season [The Morning Call (Allentown, Pa.)]
CVS Health, the Rhode Island pharmacy giant, will open a pharmacy in the Fraser Centre Target store when it opens on Oct. 5, the company recently announced. Located at 201 W. Beaver Ave. in State College, the new Target is a flexible-format, or smaller, urban-scaled, store catering to the downtown and college crowd. CVS Pharmacy, which has more than 9,600 locations across the country, has two other stores downtown."/>
CVS slated for Fraser Centre Target store [Centre Daily Times (State College, Pa.)]
McDonald's Big Macs as a standard unit of consumption-- the burgers..."/>
Measured in Big Macs, U.S. workers are doing great [Star Tribune (Minneapolis)]
UberEats expands to North County [The San Diego Union-Tribune]
DENSO Corporation will exhibit at the 23rd World Congress on Intelligent Transport Systems, which will be held in Melbourne, Australia, October 10- 14. The theme of DENSO's exhibition at the conference this year is "DENSO's advanced driver assistance and automated driving technologies to provide safer driver assistance." DENSO is developing advanced driver assistance system and automated driving technologies in five key function areas and will..."/>
DENSO to Exhibit at the 23rd ITS World Congress Melbourne 2016
Jack in the Box has upped the ante in the fast-food breakfast battle, announcing on Wednesday a new mash-up menu dubbed "brunchfast." A croissant brunch burger and a fried chicken and bacon sandwich, both stuffed with fried eggs, are the centerpieces the new menu, which officially rolls out Monday. The announcement comes after weeks of speculation Jack in the Box was devising a strategy to combat McDonald's all-day breakfast."/>
Jack in the Box goes after McDonald's with new all-day 'brunchfast' menu [The Orange County Register]

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