Industry News

NetSuite Inc., the industry's leading provider of cloud financials/ ERP and omnichannel commerce software suites, today announced that REA Group Limited, a multinational digital advertising business specialising in property, has deployed NetSuite OneWorld. REA Group replaced multiple, disparate legacy software systems and manual processes with a single instance of NetSuite OneWorld to manage mission critical business processes,..."/>
REA Group Overhauls Legacy Sage ERP Platform With NetSuite OneWorld
Starbucks plans to open a store in White Center next year as part of the company's nationwide initiative supporting economic development in low- to medium-income communities. The stores provide a job-skills training program for youths-- with an emphasis on connecting 16- to-24-year-olds, who are out of work and school, to jobs. The initiative also involves investments in local minority-owned contractors and suppliers, according to the company."/>
Starbucks to open White Center store, provide youth job training [The Seattle Times]
Microsoft thinks it may have found the solution to the demise of Moore's Law. The maxim, named for Intel co-founder Gordon Moore, held that the number of transistors in a microchip would double about every year or two, making the brain behind computers more powerful and less expensive. That phenomenon held for five decades, and with a bit of help from inflation meant that by 2000, instead of just a calculator, $1,000 bought a laptop computer capable of handling..."/>
Microsoft opens a gate to powerful computing [The Seattle Times]
Microsoft's new business-sales chief, says the company stumbled by trying to sell its web-based tools as if they were just another piece of out-of-the-box software. "It was a flawed strategy to try to sell Azure like,' Do you want fries with that? ' "Althoff said in an interview, referring to the company's on-demand processing power and data storage."/>
Microsoft retools sales operation as Azure takes central role [The Seattle Times]
Carnival Corp.& PLC is donating $2 million to the National Museum of African American History and Culture in Washington, D.C, the Doral-based company announced Wednesday. Carnival Corp. was designated as a founding donor in recognition of the gift made through its philanthropic arm, Carnival Foundation, the cruise company said. The foundation oversees the charitable initiatives of Carnival Corp. and its 10 cruise brands, which include Carnival Cruise..."/>
BRIEF: Carnival Corp. donates $2 million to new African-American museum in D.C. [Sun Sentinel]
Viacom's voting stock, has asked the boards of CBS and Viacom to consider a potential combination of the companies, the firm said. In a letter to the companies' respective boards, National Amusements said it believes that a combination of CBS and Viacom might offer substantial synergies that would allow the combined company to respond even more aggressively and..."/>
National Amusements Pitches Merger of CBS, Viacom
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

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