Industry News

Meritage Hospitality Group Inc., one of the nation’ s premier restaurant operators, today reported financial results for the third quarter and the nine months ended October 2, 2016.. Sales increased 15.7% to $61.7 million compared to $53.3 million for the same period last year. Earnings from Operations were $2.9 million compared to $3.0 million for the same period last year. Net Earnings increased 31.1% to $2.0 million compared to $1.5 million last..."/>
Meritage Reports Third Quarter 2016 Results; Strong Sales and Earnings Growth
Isle of Capri Casinos, Inc. has entered into a definitive agreement to sell Lady Luck Casino Marquette to an affiliate of Casino Queen, based inSwansea, Illinois, the company said. Under the terms of the agreement, CQ Holdings company, Inc. will purchase Lady Luck Casino Marquette for cash consideration of approximatelyUSD 40 msubject to a customary working capital adjustment. The consideration represents 7.5 x the trailing-twelve..."/>
Isle of Capri Casinos to Sell Lady Luck Casino Marquette to Casino Queen for USD 40m 
SolarCity Corp. will hold a special meeting of stockholders on 16 November to vote on US-based EV maker Tesla Motor's proposed acquisition, the company said. On 1 August, SolarCity announced it had accepted a USD 2.6 bn buyout offer from Tesla. Tesla had made the offer in late June."/>
SolarCity Sets 16 November Shareholder Vote on USD 2.6bn Tesla Buyout
Reliance Communications announced signing the term sheet with Canadian group, Brookfield Infrastructure Group for sale of towers and infrastructure assets of its tower business, Reliance Infratel. The company shall receive an upfront payment of Rs11, 000 crore and enjoy 49% future economic benefits, utilizing the entire proceeds to reduce R-Com's debt burden. "Reliance Communications Ltd. today announced the signing of a non-binding Term..."/>
Anil Ambani's R-Com, Brookfield close Reliance Infratel deal [Mint, New Delhi]
AlarmForce Industries Inc. announces today that the Board of Directors have declared a cash dividend of $0.045 per share payable on November 18, 2016 to all shareholders of record at the close of business on October 31, 2016.. For Canadian resident shareholders, this dividend is designated as an "eligible dividend" for purposes of the enhanced dividend tax credit rules contained in the Income Tax Act, and any corresponding provincial and territorial..."/>
AlarmForce Announces Declaration of Dividend of $0.045 Per Share
Staples and global superstar Katy Perry teamed up and helped hundreds of teachers bring learning to life through the 2016 Staples for Students program, which fulfilled $1 million in classroom projects through the non-profit organization This Smart News Release features multimedia."/>
Staples and Katy Perry Help Teachers Bring Learning to Life for Thousands of Students Nationwide
Leggett & Platt Announces 3Q 2016 Earnings Call
Hargreaves Lansdown has said. The investment giant notched up pounds sterling 1.1 bn of new business in the three months to the end of September– a 22 pc fall from a year earlier. Active client numbers rose by 20,000 to 856,000, 17 pc more slowly than in 2015."/>
Daily Mail, London, business briefs column [Daily Mail, London]
Interval Leisure Group, a leading provider of professionally delivered vacation experiences and the exclusive global licensee for the Hyatt ®, Sheraton ®, and Westin ® brands in vacation ownership, announced that it will change its name to ILG, effective at the end of today."/>
Interval Leisure Group to Launch New Corporate Identity and Change Name to ILG
Pier 1 Imports, Inc., with ownership of approximately 9.5% of Pier 1' s outstanding shares, today announced that it has delivered a letter to the Company's Chairman, Terry London, and the Company's Board of Directors. The full text of the letter follows:. Pier 1 Imports, Inc. 100 Pier 1 Place Fort Worth, Texas 76102 Attn: Terry E. London, Chairman of the Board of Directors."/>
Alden Delivers Letter to the Chairman and Board of Directors of Pier 1 Imports
Game Digital extended its losing streak with final results which revealed a profit plunge of 81 pc to pounds sterling 4.9 m. In the 53 weeks to July 30, the high street store saw revenue drop 5.1 pc to pounds sterling 822.5 m as it battled a' challenging UK console market'. Shares in the beleaguered business are down 44.6 pc this year and it said it remained cautious about the year ahead though it was encouraged by the forthcoming line-up of new games, console..."/>
Daily Mail, London, market report column [Daily Mail, London]
WH SMITH has reported its best sales in 14 years after transforming its travel and high street businesses to attract more customers. The company, which sells food, stationery and books in 1,375 stores across 25 countries, has enjoyed a boost in profits and sales despite huge numbers of readers using digital devices. Part of WH Smith's strategy involves separating its travel stores, which includes shops in airports, stations and hospitals, from its high street stores and..."/>
Zoella helps WH Smith hit best sales in 14 years [Daily Mail, London]
MGT Capital Investments, Inc. is proud to announce the commercial release of its first network security product designed by whitehat hackers and John McAfee. Sentinel represents a new paradigm in the defense against malicious hackers. The system, comprised of a passive hardware device connected to each subnet, monitors network traffic for suspicious activity using sophisticated algorithms and heuristics, generating an alert and..."/>
MGT Announces Commercial Release of Sentinel
Twenty-First Century Fox has a chunky 39.1 pc of the shares."/>
Daily Mail, London, Alex Brummer column [Daily Mail, London]
Arcos Dorados, the world's largest McDonald's franchisee, announced on Thursday that it will source 100% cage-free eggs by 2025.. According to the company, this decision reinforces its commitment to animal welfare, demonstrated by its existing practices in sourcing animal products including cattle and chicken. To fulfil this commitment, Arcos Dorados plans to work in close collaboration with farmers, suppliers and experts in animal behaviour to evaluate how the company can..."/>
Arcos Dorados to exclusively source cage-free eggs by 2025
DSW Inc., a leading branded footwear and accessories retailer, is pleased to announce a new DSW in Pittsburgh opening on October 20, 2016. The store is located at:. The Block Northway 6250 Northway Drive Pittsburgh, PA 15237."/>
DSW Announces New Store in Pittsburgh, PA
Viacom today announced that it has retained financial advisors in connection with the Special Committee’ s evaluation of the request by National Amusements that Viacom explore a potential combination with CBS. The financial advisors are Morgan Stanley, Allen& Company and LionTree LLC. The Special Committee, which is comprised of six independent Viacom board members, previously engaged Debevoise& Plimpton LLP as its..."/>
Viacom Special Committee Retains Financial Advisors
RCI Hospitality Holdings, Inc. last night announced actions to increase returns on its portfolio of clubs, restaurants and other businesses, in order to enhance the growth of revenues, margins and free cash flow. In a conference call presentation with investors, RCI said it has implemented the following steps in 4 Q16, which ended September 30, 2016:. Sold two clubs, one that was unprofitable and one just..."/>
RCI Steps Up Implementation of Its Capital Allocation Strategy
Flow Football Fans Welcome Chelsea TV

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