Industry News

Sultan, Kabali dominate box office in July [Mint, New Delhi]
McDonald's has reached its pledge to stop selling chicken that has been raised on a diet of medically important antibiotics ahead of schedule, Consumers Union said Monday. Consumers Union, the policy and advocacy division of Consumer Reports, praised McDonald's. The group urged Kentucky Fried Chicken and other fast-food chains to move away from meat and poultry suppliers that overuse antibiotics, a practice that the Centers for Disease Control and Prevention has..."/>
McDonald's stops selling chicken raised on antibiotics; KFC to follow? [The Palm Beach Post, Fla.]
Shoppers Stop Ltd's June quarter financial performance suggests the Indian consumer isn't seeking much solace in retail therapy. Consider the lacklustre 5.5% like-to-like sales growth for the company's department stores. Govind Shrikhande, managing director of Shoppers Stop, says, "Even the 5.5% like-to-like growth wouldn't have happened if it weren't for the preponement of discount sale period by three days.""/>
Shoppers Stop: not much retail therapy [Mint, New Delhi]
Maruti Suzuki India Ltd topped the sales tally, dispatching 125,777 units."/>
SUVs, compact cars prop up auto sales [Mint, New Delhi]
Walgreens Boots Alliance invested on a five-year tutorial in e-commerce. Graduation comes at the end of September, when Walgreens plans to shut down Drugstore.com and Beauty.com and record a $115 million pretax charge. The Deerfield-based retail pharmacy giant acquired the sites as part of a $429 million deal just five years ago but now seeks "greater focus on the..."/>
Chicago Tribune Phil Rosenthal column [Chicago Tribune]
Carmike Cinemas with a $1.2 billion purchase agreement, on Monday morning reported that its revenues-- including sales of tickets, food and beverages-- tumbled in the second quarter of this year. Its bottom line profit came in at $24 million, down about 45 percent from $43.9 million in the same April-June period a year ago. Carmike, headquartered in downtown Columbus, issued its second-quarter report after the stock markets..."/>
AMC, trying to buy Carmike Cinemas, reports tumbling revenues and profits in quarter [Columbus Ledger-Enquirer, Ga.]
Carmike Cinemas, awaiting its possible $1.2 billion acquisition by AMC Entertainment Holdings, on Monday reported a second-quarter loss of $1.6 million on total operating revenues of $204.7 million. Those numbers compare to a loss of $1.4 million in the same April-June period a year ago, on total operating revenues of $219.1 million. Ticket, food and beverage sales are included in the operating revenues."/>
Carmike Cinemas reports $1.6 million loss amid 'weaker' lineup of summer movies [Columbus Ledger-Enquirer, Ga.]
Facebook. The first 500 customers at the opening will receive a free bag of breakfast items."/>
BRIEF: New Kroger Marketplace set to open in Chesapeake this week [The Virginian-Pilot]
Analog Devices Inc. bought Linear Technology Corp. for nearly $15 billion. California-based Linear has a large manufacturing campus in Camas that employs 290 people. Linear said that until the deal closes, it will be "business as usual" at its locations around the country."/>
Analog buys Linear Technology for $15 billion [The Columbian, Vancouver, Wash.]
Nautilus Inc. showed some muscle this spring as it posted a 31 percent year-over-year increase in sales and a second-quarter profit of $3.5 million, beating analysts' expectations. "The first half of 2016 has proven to be a great start to another positive year of growth," Nautilus CEO Bruce Cazenave said during an investor call Monday. "By the end of 2016, we will have broadened our product portfolio, significantly expanded our channels of distribution and..."/>
Nautilus has another big quarter with sales jump [The Columbian, Vancouver, Wash.]
Tableau Software a darling of the technology sector and one of Seattle's fastest-growing employers. But if the hangover of the past six months is any indication, Tableau has some work to do. Growth at the Seattle-based company, which makes software used to analyze information and make sense of it with visual tools, is slowing as competitors like Microsoft take aim at the market for next-generation data tools."/>
Tableau hits a rough patch; investors watch for earnings [The Seattle Times]
Target stores, the retailer said in a news release Monday. The Oregon Trail, created in 1971, was a popular home and classroom computer game, despite the high odds of death by dysentery, typhoid or snakebite before completing the journey..."/>
Target selling 'Oregon Trail' card game [Chicago Tribune]
McDonald's is accelerating plans to simplify its food and announced intentions Monday to remove artificial preservatives from its chicken nuggets, breakfast sausage patties and egg products. The fast food giant will also remove high-fructose corn syrup from its buns by the end of this month. Mike Andres, president of U.S. operations, announced the changes at the burger chain's Oak Brook headquarters."/>
McDonald's, in a bid to woo health-focused diners, will remove some artificial preservatives [Chicago Tribune]

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