Industry News

Ruby Tuesday has announced plans to close 95 underperforming restaurants, or about 15 percent of its total, by next month. There's no word on the future of the two locations in Palm Beach County. The Tennessee-based restaurant chain did not identify which restaurants were targeted for closure in a company statement posted yesterday with details on plans to "streamline the organization, improve financial profitability, and create long-term value for shareholders.""/>
95 Ruby Tuesday locations closing; fate of area restaurants unknown [The Palm Beach Post, Fla.]
Tesla Motors is planning on opening a facility in Chesterfield. The Palo Alto, Calif.-based electric automaker has requested a change in zoning to open at 16955 Chesterfield Airport Rd., according to city officials. The property formerly was occupied by the Kemp Auto Museum, which closed earlier this year."/>
BRIEF: Tesla opening Chesterfield store [St. Louis Post-Dispatch]
Ruby Tuesday has announced plans to shut down 95 underperforming restaurants-- more than 13 percent of its total-- by September. The restaurant chain did not identify which restaurants were targeted for closure. Ruby Tuesday operates four restaurants in the Dayton area: on Far Hills Avenue in Washington Twp., on Miller Lane in Butler Twp., in Troy, and near Mason."/>
BRIEF: Ruby Tuesday to close 95 restaurants [Dayton Daily News, Ohio]
DeVry Education Group, today announced that it has named industry veteran Kenneth Koskay as senior director of Global Accounts. Koskay will lead a team of field and in-house sales representatives focused on implementing strategies to grow Becker’ s Continuing Professional Education..."/>
Kenneth Koskay Joins Becker Professional Education as Senior Director
Company Profile for bebe stores, inc.
Tupperware Brands has sold its new Kissimmee shopping center on West Osceola Parkway. The Hampshire Companies, a New Jersey real estate firm, announced the deal Thursday, buying it on behalf of a foreign investor from developer Tupperware and O'Connor Capital Partners. The selling price or name of the new buyer were not announced."/>
BRIEF: Crosslands shopping center in Kissimmee sold to foreign investor [Orlando Sentinel]
Sears Holdings Corporation today announced the company currently plans to release financial results for its fiscal 2016 second quarter on or about Thursday, August 25, 2016.. Sears Holdings Corporation is a leading integrated retailer focused on seamlessly connecting the digital and physical shopping experiences to serve our members– wherever, whenever and however they want to shop. Sears Holdings is home to Shop Your Way ®, a..."/>
Sears Holdings To Announce Financial Results
Bosch Ltd reported a net profit increase of a mere 0.8% in the June quarter as raw material costs increased by more than a third. Net profit rose to Rs.378.72 crore in the three months ended 30 June from Rs.375.71 crore a year earlier. Net sales rose 8.82% to Rs.2, 672.74 crore from Rs 2,456.21 crore."/>
BRIEF: Bosch Q1 net profit marginally up 0.8% as raw material costs rise [Mint, New Delhi]
Air Lease Corp., Rent-A-Center Inc., Aaron's Inc., and Ryder System Inc.."/>
Rental & Leasing Services Stocks Technical Report -- Air Lease, Rent-A-Center, Aaron's, and Ryder System
Elio Motors, the start-up vehicle manufacturer planning to launch a three-wheel vehicle that will get up to 84 mpg, today announced it is establishing a vehicle purchase base price of $7,300* for its non-refundable reservation holders until the company reaches 65,000 total reservations. Elio Motors aims to disrupt the American transportation industry with its low-cost, highly fuel efficient vehicle, much like Volkswagen did with the Beetle..."/>
Elio Motors Locks In Price for Its Ultra High Mileage/Ultra Low-Cost Vehicle at Historic Level
YOU On Demand Holdings, Inc., a premium content Video On Demand service provider in China evolving into a global, mobile-driven, consumer management platform for both enterprises and consumers, announced today that the Company closed on an investment from Harvest Alternative Investment Opportunities SPC, which netted proceeds of $4.0 million to YOU On Demand. Pursuant to the terms of the Security Purchase Agreement, which will be filed with the..."/>
YOU On Demand Closes Investment from Harvest Alternative Investment Opportunities SPC for $4 million USD
Card Factory, whose shares plunged yesterday on a lacklustre trading update. Growth at the card and gift retailer has been flat as high street footfall suffers. In a trading update the firm said sales growth in the first half of the year was just 0.2 pc."/>
Daily Mail, London, market report column [Daily Mail, London]
Sizmek Inc. is in strong opposition to the sale of Sizmek to an affiliate of US-based private equity firm Vector Capital, Meruelo said. Meruelo, together with Meruelo Investment Partners LLC and Alex Meruelo Living Trust beneficially own approx. 13.8% of the company's outstanding shares of common stock. On 3 August, Sizmek announced it had entered into a definitive agreement to be..."/>
Largest Shareholder of Sizmek Opposes Sale to Vector Capital
Cineworld Group plc has closed the acquisition of five cinemas from Empire Cinema Ltd holding company Cinema Holdings Ltd. and sold Empire the three screen Cineworld Haymarket, the group said. Cineworld paid Empire an aggregate consideration of GPB 94 m for the transaction. The cinemas purchased include the nine screen Empire Leicester Square multiplex, a London West End venue for movie premieres, which has a Laser IMAX screen."/>
Cineworld Group Closes GPB 94m Acquisition of Five UK Cinemas
Comcast suspected he had something to say. "This will be our most economically successful Games in history," Lazarus proclaimed. He announced that NBC had sold $30 million of additional advertising since the Olympics began-- on top of the already record-breaking $1.2 billion total before the flame was..."/>
NBC Sports exec Mark Lazarus fires back at critics of Olympics TV ratings [The Philadelphia Inquirer]
Macy's announced it is closing 100 more stores by early 2017, as the department store giant shifts its attention and resources to an e-commerce and digital strategy. The closures follow the 38 Macy's closing from this past spring, including the 90,000- square-foot store at the Suburban Square shopping center in Ardmore. Macy's has not said which stores will be closed, or precisely when."/>
Shifting to online, Macy's to close 100 more stores [The Philadelphia Inquirer]

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