Industry News

Toyota Motor Corporation, Komeda Co., Ltd., and KDDI Corporation will begin an initiative on September 20, 2016 by utilizing a smartphone application called Driving Barista. The application is aimed at reducing the number of traffic accidents in Aichi Prefecture which are caused by drivers using their smartphones while driving. This is the first traffic safety initiative in Japan involving a smartphone application, which is to be carried out..."/>
First-in-Japan Project Aims to Prevent Smartphone Related Traffic Accidents
TripAdvisor, which gives the honor to businesses that consistently receive high marks."/>
BRIEF: TripAdvisor gives Love Whole Foods high marks [The News-Journal, Daytona Beach, Fla.]
Sears is closing 64 additional Kmart stores throughout the nation. The stores will begin liquidation sales on Thursday and close by mid-December, employees told the publication."/>
Kmart closures: See all 64 stores here [The Oregonian, Portland, Ore.]
Simon Property Group has sold in a transaction involving three properties valued at $200 million. One of the new owners, Pacific Retail Capital Partners, announced the close of its purchase Monday in a joint venture with an unidentified investment partner. It did not provide a specific purchase price."/>
The Esplanade in Kenner sells as part of 3-mall deal [NOLA Media Group, New Orleans]
Sears Holdings Corp., has been facing financial hard times for years, it has been widely reported."/>
Fontana, Indio and Los Angeles Kmart closures among dozens throughout nation [Inland Valley Daily Bulletin, Calif.]
Sears Holdings. The store, located just north of the Indiana Toll Road at 52401 Interchange Drive, is one of 64 stores in 28 states closing, according to Business Insider. Sears Holdings, which owns Sears and Kmart, has not made a public statement, but employees discussed the closings with Business Insider."/>
South Bend Tribune, Ind., Lincoln Wright column [South Bend Tribune, Ind.]
Pier 1 Imports, Inc. today issued the following statement in response to the Schedule 13 D filed today by Alden Global Capital:. “Pier 1 Imports values constructive input from investors and regularly engages in dialogue with its shareholders regarding strategy and performance. Pier 1 Imports will continue to engage with shareholders, including Alden Global Capital, and evaluate opportunities to increase long-term shareholder value."/>
Pier 1 Imports, Inc. Comments on 13D Filing by Alden Global Capital
Sears, a fixture at the Millcreek Mall since it opened in 1974, is closing its doors. That move was confirmed Monday morning by Joe Bell, spokesman for the Youngstown-based Cafaro Co., which owns the mall. "It's a continuation of the death spiral of," Bell said."/>
BRIEF: Erie-area Sears to close its doors [Erie Times-News, Pa.]
SolarCity's merger with Tesla Motors could be delayed by four shareholder lawsuits challenging the $2.3 billion acquisition. The lawsuits are another obstacle that could delay Tesla's acquisition of the solar energy installer at a time when both companies are burning through millions in cash and facing the need to raise more money in the coming months. One of the lawsuits is seeking an injunction to prevent the merger and block Tesla from holding a shareholder vote..."/>
4 lawsuits may delay SolarCity, Tesla deal [The Buffalo News, N.Y.]
Isle of Capri Casinos, Inc. by Eldorado Resorts, Inc.. On September 19, 2016, the two companies announced the signing of a definitive merger agreement pursuant to which Eldorado will acquire Isle of Capri. Under the terms of the agreement, Isle of Capri shareholders will receive $23.00 in cash or 1.638 shares of Eldorado common stock, the value of which is equivalent to $23.00..."/>
Robbins Arroyo LLP: Acquisition of Isle of Capri Casinos, Inc. (ISLE) by Eldorado Resorts, Inc. (ERI) May Not Be in Shareholders' Best Interests
Lear Corporation will hold a conference call to review the company's third quarter 2016 financial results and related matters on October 26, 2016 at 9:00 a.m. ET. To participate in the conference call:. Domestic calls 789-4751 International calls 200-3975."/>
Lear Announces Date for Third Quarter 2016 Earnings Conference Call
Polaris Industries Inc. concerning possible violations of federal securities laws between January 26, 2016 and September 11, 2016 inclusive. Investors who purchased or otherwise acquired shares during the Class Period should contact the Firm in advance of the November 15, 2016 lead plaintiff motion deadline. To participate in this class action lawsuit, click here."/>
IMPORTANT INVESTOR ALERT: Lundin Law PC Announces Securities Class Action Lawsuit against Polaris Industries, Inc. and Encourages Investors with Losses to Contact the Firm
Nebraska Book Holdings, Inc.*, a leading source of textbooks and service provider to higher education retailers across the United States, today announced the closing of its previously announced exchange offer relating to its 15.0 percent Senior Secured Notes due 2016. The Company also announced the appointment of Rick Bunka as the Company’ s president and chief executive officer. This Smart News Release features multimedia."/>
Nebraska Book Holdings, Inc. Successfully Closes Exchange Offer, Names New CEO

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