Industry News

T Rowe Price Group Inc. has reduced the value of its stake in Flipkart Ltd by a fifth, its second cut in four months, reflecting continued investor concerns over the valuations of technology start-ups. The move came ahead of a statement by Flipkart on Friday that it was cutting 300 to 600 additional jobs, after already shrinking its workforce to 30,000 from 33,000 at the start of the year to reduce costs. US-based T. Rowe Price lowered the value..."/>
Flipkart valuation shrinks again; firm reveals job cuts [Mint, New Delhi]
ServiceMaster Global Holdings Inc., of Memphis, Tenn. The company's insurance carriers also have paid the family an amount not disclosed in..."/>
Terminix offers $87 million settlement to Delaware family sickened by pesticide [The Philadelphia Inquirer]
Netflix, which entered India in January, has launched a marketing campaign. The platform's first-ever digital brand film for India titled Commitment features standup comedian Abish Mathew, who proposes to his lady love over a dinner date. Surprised and ecstatic, the girlfriend accepts the proposal when she peeks into ring box to find Mathew's Netflix Id and password."/>
Netflix India rolls out its first digital brand film [Mint, New Delhi]
Alphabet Inc.' s revenue growth in the second quarter, as it has for years now. Revenue at Alphabet--Google's parent firm, formed in 2015-- rose 21% to $21.5 billion in April-June from a year ago. Advertising revenue reached $19.14 billion, a 19% year-on-year increase."/>
Google continues to ride high on advertising in June quarter [Mint, New Delhi]
T. Rowe Price Group Inc. has reduced the value of its stake in Flipkart Ltd by a fifth, its second cut in four months, reflecting continued investor concerns over the valuations of technology start-ups. The move came ahead of a statement by Flipkart on Friday that it was cutting 300 to 600 additional jobs, after already shrinking its workforce to 30,000 from 33,000 at the start of the year to reduce costs. US-based T. Rowe Price lowered the value..."/>
Flipkart valuation shrinks again; firm reveals job cuts [Mint, New Delhi]
Buffalo Wild Wings and BevMax. It is familiar territory for Avenue as it previously had locations in the Danbury Fair mall and Danbury Square, across the street from its new location."/>
Plus-size women's fashion store returning to Danbury [The Hour, Norwalk, Conn.]
Gentex is off to the races. As Porsche took the checkered flag and logged its record-setting 18th victory at last month's 24 Hours of Le Mans, driver Neel Jani monitored the cars behind him not in a standard rearview mirror, but an intelligent rear vision system supplied by Gentex Corp. in Zeeland. The Le Mans has been held annually in France since 1923."/>
Gentex product provided advantage to 24 Hours of Le Mans Porsche drivers, winner [Holland Sentinel, Mich.]
Second Cup Ltd. reported financial results today for the second quarter ended June 25, 2016.. Q2 same store sales of -1.3% compared to -1.1% in Q1. For the first 4 weeks of Q3 same store sales improved to +1.3%. Loss of $441,000 or $0.03 per share for the quarter compared with a loss of $72,000 or $0.01 per share in the second quarter of 2015. Net loss year to date is $1,047,000 or $0.08 per share compared to a loss of $148,000 or $0.01 per share in 2015...."/>
The Second Cup Ltd. Reports Results for the Second Quarter 2016
CalAtlantic Group, Inc. has declared a quarterly dividend of $0.04 per share, payable on September 30, 2016, to common stockholders of record on September 15, 2016.. CalAtlantic Group, Inc., a combination of Standard Pacific Corp. and Ryland Group, Inc., two of the nation's largest and most respected homebuilders, offers well-crafted homes in thoughtfully designed communities that meet the desires of customers..."/>
CalAtlantic Group, Inc. Declares Quarterly Dividend
Kingold Jewelry, Inc., one of China's leading manufacturers and designers of high quality 24- karat gold jewelry, ornaments and investment-oriented products, today announced that Wuhan Kingold Jewelry Company Limited, the controlled subsidiary of the Company, has sold all of its interest in the Shanghai Creative Industry Park, or the Kingold Jewelry Cultural Industry Park to Wuhan Lianfuda Investment Management Co., Ltd. for RMB..."/>
Kingold Jewelry Sells Jewelry Park for Approximately $171 Million
ServiceMaster Global Holdings Inc. were marked down by an $88 million charge to settle all claims from fumigation in the U.S. Virgin Islands that sickened a Delaware family. ServiceMaster on Thursday reported net income of $16 million, or 11 cents a share, for the three months ended June 30, compared with $67 million, or 49 cents per share a year ago."/>
ServiceMaster takes $88 million charge in fumigation settlement [The Commercial Appeal, Memphis, Tenn.]
Ruth's Hospitality Group reported Friday. Revenues for the fine dining restaurant chain gained 1.7 percent compared to a year ago to $92.7 million, but net income fell by $608,000 to $6.9 million. "Simply put, we faced slower revenue growth and higher year-over-year labor costs," said CEO and chairman Michael P. O'Donnell in a call with investors."/>
Ruth's Chris growth slows, revenue slips [Orlando Sentinel]
Sinclair Broadcast Group, Inc. today entered into a Consent Decree with the Federal Communications Commission resolving a number of previously disclosed matters that have been pending at the FCC, some for more than a decade, and several involving recently acquired stations. These matters related to certain content broadcast on Sinclair stations, technical issues relating to local marketing agreements, and the FCC's rule regarding joint..."/>
Sinclair Settles Outstanding Matters With The Federal Communications Commission
Arctic Cat lost $10.6 million in the first quarter and downgraded 2016 expectations after sales declined amid a weakening power-sports marketplace, officials said Friday. The company's stock price fell by 13 percent in late morning trading. The Plymouth-based maker of all terrain vehicles and snowmobiles said that its long restructuring process remains on track and involved successfully decreasing excess dealer..."/>
Arctic Cat stock down more than 10 percent after losing $10.6 million in second quarter [Star Tribune (Minneapolis)]

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