Industry News

Staples Inc. has hired accounting and consulting firm KPMG to help it consider a sale and other options for its 107- store UK office supplies business, according to a published report. Those other options include a financial restructuring and potential "company voluntary arrangement or administration"-- the latter two of which are UK options for handling creditors when companies are in debt or insolvent, the British newspaper The Telegraph reported."/>
Staples may sell its 107 UK stores [Boston Herald]
Report: Verizon plans to hike wireless prices [Boston Herald]
Hindustan Unilever Ltd, Star TV and Sony Pictures Networks have widened the debate on free data offerings and net neutrality. The companies expressed their views in response to the Telecom Regulatory Authority of India's consultation paper on the issue. Hindustan Unilever said it's possible for entities other than telecom operators to offer free data services without breaching net neutrality rules."/>
Free data debate extends to non-telecom firms [Mint, New Delhi]
HT Media Ltd's chief learning officer, as the news agency's chief executive in a board meeting headed by PTI chairman Hormusji N. Cama. Razdan, editor-in-chief and CEO who was at PTI for 50 years. The PTI board comprises 16 members, including vice chairman Riyad Mathew, director of Malayala Manorama Co. Ltd, and Vineet Jain, managing director of Bennett, Coleman& Co. Ltd among other representatives from leading..."/>
PTI appoints Venky Venkatesh as CEO [Mint, New Delhi]
Adidas to launch shopping app by December [Mint, New Delhi]
McDonald's has decided it takes a global holding company to sell a Big Mac. After nearly two years of splitting its advertising between Leo Burnett and DDB Chicago, the hamburger giant has enlisted Publicis and Omnicom, the respective parent companies of the Chicago agencies, to compete for the entire portfolio of business. Last week, Paris-based Publicis and New York-based Omnicom did just that, with multiple agencies under each corporate umbrella pitching..."/>
McDonald's close to choosing between 2 advertising powerhouses [Chicago Tribune]
Starbucks barista's petition complaining that the coffee chain has cut working hours in its stores to the point of "gross underemployment" for workers has garnered more than 11,000 signatures and the attention of top Starbucks executives. "Morale is at the lowest I've seen it in my nearly nine years of service with Starbucks," Jaime Prater writes in his petition on Coworker.org. "What's happening currently is some of the most extreme labor cuts in Starbucks history.""/>
Barista's petition to Starbucks catches on with thousands [The Seattle Times]
Polaris Industries recalled an additional 43,000 of its off-road recreational vehicles last week, this time warning of problems involving overheating and catching fire. The action, filed last week with the U.S. Consumer Product Safety Commission, follows several rounds of recalls involving more than 160,000 Polaris off-road vehicles, including one in April after more than 100 of its side-by-side vehicles burst into flames, killing one teenager."/>
Polaris Industries recalls another 43,000 off-road vehicles due to fire risk [Star Tribune (Minneapolis)]
Staples Inc.' s commercial printing division. Terms of the purchase of Staples Print Solutions were not disclosed. The deal, announced in April, includes about 10 printing facilities belonging to giant office-products retailer Staples."/>
Taylor Corp. finalizes purchase of Staples Print Solutions [Star Tribune (Minneapolis)]
Honeywell, a Fortune 100 diversified technology and manufacturing leader. The transaction is expected to close by the end of the third quarter, according to both companies."/>
Honeywell to buy Intelligrated for $1.5 billion [Dayton Daily News, Ohio]
New Home Company today announced that the Company will release its financial results for the second quarter of 2016 before the market opens on Friday, July 29, 2016. The Company will also host a conference call for investors and other interested parties beginning at 9:00 AM Pacific Time on that same day to review the results, discuss recent events and conduct a question-and-answer period. The conference call will be available in the Investors section..."/>
The New Home Company Schedules Second Quarter 2016 Earnings Release and Conference Call
Signet Jewelers in Akron, Ohio, is planning a store at Lindale Mall in Cedar Rapids. Signet Jewelers is the corporate parent of Jared, Kay Jewelers, Zale Corp. and nine regional brands. Frank Cirillo of Signet Jewelers said in an email that the Jared store at 159 Collins Road NE on the perimeter of Lindale Mall, at the former Burger King site, is expected to open in the fall."/>
Jared jewelry store planned for Lindale perimeter in Cedar Rapids [The Gazette, Cedar Rapids, Iowa]
Ford Motor Co. Board of Directors, is in the headlines today because he was arrested at his Grosse Pointe Farms home Monday night on domestic violence charges and because he is a prominent member of the Ford family. Grosse Pointe Farms officials later said there was not enough evidence to charge Ford. Edsel Ford II's name is instantly recognizable because of the global automaker's 113- year presence in metro Detroit and because he carries the..."/>
Who is Edsel Ford II? [Detroit Free Press]
Thor Industries, Inc. has acquired US-based RV maker Jayco, Corp. for approximately USD 576 m in cash, the company said. Thor said that the purchase price was funded through existing cash balances as well as approximately USD 360 m in borrowings from an asset-based revolving line of credit arranged through the company's lenders. The company plans to repay the loan through internally generated cash flow and..."/>
Thor Acquires US Recreational Vehicle Maker Jayco for USD 576m

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