Industry News

Starbucks will open a new coffee shop with a training focus near Johns Hopkins Hospital early next year, part of a larger move by the coffee giant to offer jobs and training to youths in poor communities around the United States. The Starbucks with an in-store classroom will open in the long-planned East Baltimore Development Inc. project to transform 88 acres north of the hospital into homes, offices and shops. The coffee shop will be located on Ashland Avenue in the..."/>
Starbucks to open shop with a training focus in East Baltimore [The Baltimore Sun]
Pier 1 Imports has adopted a "poison pill" plan designed to discourage a takeover. The shareholder rights plan, announced late Tuesday, gives current shareholders the right to buy shares of junior preferred stock with voting privileges if any person or group acquires 10 percent of the company's common stock. The manuever would make a takeover of the retailer more costly."/>
Pier 1 Imports adopts 'poison pill' to discourage a takeover [Fort Worth Star-Telegram]
Pier 1 Imports reported a loss for its second quarter on lower sales Wednesday, but said it's hopeful that a pickup in store traffic in recent weeks will produce a better second half of the year. The Fort Worth-based home furnishings retailer said its net loss was $4.1 million, or 5 cents per share, for the three months ended Aug. 27, compared to net income of $3.2 million, or 4 cents, in the year-ago period. Net sales decreased 6.7 percent to $405.8 million, and..."/>
Pier 1 Imports reports second-quarter loss on falling sales [Fort Worth Star-Telegram]
SolarCity, the solar energy systems installer whose acquisition by Tesla Motors is being delayed by shareholder lawsuits, is facing another legal challenge from a competitor that accuses it of stealing trade secrets for the production of high-efficiency solar panels. The lawsuit, filed Monday by Cogenra Sola and its longtime majority shareholder Khosla Ventures, alleges that SolarCity and its solar panel manufacturing business, Silevo, stole trade secrets..."/>
SolarCity faces another legal hurdle as competitor sues over trade secrets [The Buffalo News, N.Y.]
Hancock Fabrics space. A ribbon cutting ceremony with Mayor Randy Toms will take place 15 minutes prior to opening Thursday, according to a news release."/>
BRIEF: Giveaways planned for Jo-Ann craft store opening in Warner Robins [The Macon Telegraph]
AlarmForce Industries Inc. is pleased to announce the addition of Chris Gokiert and Lee Matheson to the Board of Directors effective immediately. Chris Gokiert, the current President of Critical Mass, a digital experience design agency, oversees globally key client relationships, the development of service offerings, and the operations of the company. Gokiert has been responsible for overseeing the growth of Critical Mass since 1998 and has helped..."/>
AlarmForce Announces Two New Members to Board of Directors
Emaji, Inc. has raised close to USD 250 k in equity for the purpose of completing its anticipated corporate acquisition in the entertainment industry, the company said. All of the funds were raised by way of private placement of restricted stock priced at or above market. Restricted stock of the company is ineligible for public resale for a period of one year from investment."/>
Emaji Closes Cash Raise; Eyes Entertainment Industry Acquisition
Nexstar Broadcasting Group, Inc.' s Nexstar Broadcasting, Inc. subsidiary has priced a USD 2.75 bn term loan B facility, the company said. The term loan B facility will be issued at a price equal to 99.75% of its face value and will bear interest at a rate of LIBOR plus 3.00%, with a 0.0% LIBOR floor and will have a seven year maturity. Nexstar said the closing of the term loan B facility is subject to customary closing conditions and the closing of the..."/>
Nexstar Broadcasting Prices USD 2.75bn Term Loan B Facility
Caesars Entertainment Operating Company, Inc. and its Chapter 11 debtor subsidiaries today provided the Bankruptcy Court with a report on the term sheet that has been proposed to provide the basis for a revised plan of reorganization for the Debtors. Caesars Entertainment Corporation and representatives of most of CEOC's major creditor groups have confirmed their support for the term sheet. The term sheet provides that the parties will..."/>
Caesars Entertainment, Caesars Entertainment Operating Co. Provide Update on Term Sheet with Creditors Groups
Tempur Sealy plunged in morning trading after the mattress maker cut its fiscal outlook on weak third-quarter sales. The stock fell almost 23 percent in morning trading. Lexington-based Tempur Sealy International Inc. now expects sales to fall between 1 percent and 3 percent in 2016."/>
Mattress maker Tempur Sealy cuts outlook on weak 3Q sales [Lexington Herald-Leader]
Sirius XM Canada Holdings Inc., parent of Sirius XM Canada Inc., today released the financial results for its fourth quarter fiscal 2016 and the audited consolidated financial statements for fiscal year ended August 31, 2016 prepared in accordance with International Financial Reporting Standards. A summary of the IFRS financial results for Q4 and FY2016 is attached. All results are reported in thousands of Canadian dollars, except for subscribers..."/>
SiriusXM Canada Reports Fourth Quarter and Fiscal 2016 Year-End Results
Pier 1 Imports, Inc. today reported financial results for the second quarter ended August 27, 2016.. Alex W. Smith, President and CEO, stated,“ Our top-line results reflect soft store traffic levels throughout the second quarter, most notably in July. To drive our business, we have many initiatives currently underway which include: our return to television advertising; merchandise refreshes, including the arrival of new and fall seasonal goods; new floor sets; gift..."/>
Pier 1 Imports, Inc. Reports Second Quarter Fiscal 2017 Financial Results

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