Industry News

Emmis Communications Corp. plans to sell Newport Beach-based Orange Coast Magazine, Los Angeles magazine and three other regional publications. Jeff Smulyan, Emmis chief executive and controlling shareholder, has previously proposed the company go private and sell some assets in the process. "In order to address the company's debt issues, we need to look at selling assets," Smulyan said in a letter to employees."/>
BRIEF: Orange Coast Magazine for sale as parent company seeks privatization [The Orange County Register]
Scientific Games Corp. has agreed to acquire issued and outstanding common shares of Canada-based casino table systems maker DEQ Systems Corp. for a cash payment of CDN 0.38 per share, the company said. This transaction is expected to close in 4 Q16 or 1 Q17, subject to approval by DEQ's shareholders, receipt of gaming approvals in certain jurisdictions, and other customary closing conditions."/>
Scientific Games Agrees to Acquire Canadian Casino Games Maker DEQ Systems
Mazda Motor Corporation today published the Mazda Sustainability Report 2016 in Japanese and Annual Report 2016 in English and Japanese on the company's website. The English version of the Sustainability Report will be published in September. The Sustainability Report 2016 outlines Mazda's corporate social responsibility initiatives and achievements for the fiscal year ended March 2016. The Annual Report 2016 features management..."/>
Mazda Publishes Mazda Sustainability Report 2016 and Annual Report 2016
Comstock Holding Companies, Inc. has begun development of TOTTEN MEWS, a new neighborhood of luxury townhomes in the Michigan Park area of Washington, DC. The homebuilding company will build 40 homes and will begin pre-sales this fall. Comstock closed on the property in late August, having received full entitlement from the District government earlier this year."/>
Comstock Starts TOTTEN MEWS In DC
Caleres increased its profit in the second quarter but missed analysts' forecasts. Caleres reported a $19.8 million profit for the period that ended July 30, or 46 cents a share, up from $16.8 million, or 38 cents a share, a year earlier. Analysts expected second quarter earnings per share of 50 cents, according to Thomson Reuters I/B/E/S."/>
Caleres' 2Q profit misses analysts' forecasts [St. Louis Post-Dispatch]
Apple to pay back taxes to Ireland, saying the country gave the tech giant illegal tax benefits worth up to 13 billion euros, or $14.5 billion. The commission said Apple's tax deal with Ireland allowed the company to avoid paying taxes on almost all the profits generated by sales of Apple products across the single-market European Union. Ireland has a corporate tax rate..."/>
Apple: Europe tax penalty could top $18 billion, impact other tech firms, say experts [East Bay Times]
Amazon planning 4th Will County warehouse [Chicago Tribune]
Fred's Inc. retail stores, after its leader Jerry Shore announced plans to retire in February. Michael Bloom, who joined Fred's from Family Dollar Stores in January 2015, is the company's new chief executive. Shore was named chief executive in 2014 and oversaw the $150 million restructuring put in place after profits fell to improve pharmacy earnings, remodel stores and upgrade store merchandise by 2017.."/>
Fred's promotes Michael Bloom to CEO as turnaround continues [The Commercial Appeal, Memphis, Tenn.]
Thor Industries, Drew Industries and Patrick Industries. The top company will be announced at an awards banquet on Sept. 15 that will be held in conjunction with the INVESTIndiana Equity Conference at the Indianapolis Marriott Downtown. Thor is the owner of several subsidiaries that, when combined, represent one of the..."/>
BRIEF: Thor, Patrick and Drew finalists for public company of the year [South Bend Tribune, Ind.]
Target marketing executive for one of the company's top leadership roles. Jeff Jones, Target's chief marketing officer, will become Uber's new president of ride-sharing. He replaces Ryan Graves, a longtime Uber executive who served as the..."/>
Uber hires Target marketing exec as president of ride-sharing [Mercury News]
Toll Brothers, the nation's largest luxury homebuilder, to create unique environments for clients in all Nevada communities. Aterra will be working with new home-buyers in in both the Las Vegas and Reno markets to enhance the design experience as well as create individualized home environments using state of the art lighting design..."/>
Aterra Designs Partners With Toll Brothers, Inc. to Expand Into Las Vegas and Reno Markets
ClubCorp-- The World Leader in Private Clubs ®-- announces the acquisition of Heritage Golf Club, a premier private country club in Hilliard, Ohio, just west of Columbus. ClubCorp plans to spend more than $1 million on improvements to the clubhouse, golf course and practice facilities. "We are very excited about the addition of Heritage Golf Club-- and the Columbus market-- to the ClubCorp Network," said Mark Burnett, ClubCorp president and COO. ""/>
ClubCorp Acquires Heritage Golf Club
Macy's empire plans to announce the locations of most of its 100 store closures by the end of January. Elina Kazan, national spokeswoman for Macy's, said Monday that the majority of the targeted stores to shut will be announced by the end of January 2017, or in about five months. "For those remaining locations, it will be sometime later-- not yet determined when.""/>
The 100 Macy's stores to close will be announced after Christmas [The Philadelphia Inquirer]

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