Industry News

Star Wars Superfans #GoRogue to Reveal New Toy Line
IndAS and why the numbers don't add up [Mint, New Delhi]
Tata Motors Ltd is working to refurbish its brand image and change the focus of the company from being function-driven to accountability-driven, chief executive and managing director Guenter Butschek said Tuesday. Tata Motors is grappling with falling sales and shrinking market share as its brand takes a beating against the fast-growing Maruti Suzuki India Ltd and Hyundai Motor India Ltd.. "It's a matter of fact that as a brand, Tata Motors in the passenger..."/>
Silo approach impacted Tata Motors brand: CEO Guenter Butschek [Mint, New Delhi]
Tata Motors Ltd over the now abandoned car factory in Singur, according to cause list published by apex court. The maker of the Nano car was given around 1,000 acres by the state government in 2006 to build a factory, but in the wake of violent protests from the Trinamool Congress party, the project was shelved. Soon after coming to power in 2011,..."/>
Supreme Court to pass judgement on Singur car factory on Wednesday [Mint, New Delhi]
Auto parts vendors feel the heat over quality [Mint, New Delhi]
McDonald's Corp., against a Delhi high court order that allowed the US fast food giant to pursue arbitration. This confirms the high court verdict of 21 July which permitted McDonald's to pursue arbitration against Bakshi in the London Court of International Arbitration. McDonald's Corp. terminated its joint venture agreement with Bakshi, managing..."/>
McDonald's case: SC dismisses Vikram Bakshi's plea; arbitration to continue [Mint, New Delhi]
DLF Ltd, India's largest real estate developer, has shortlisted a few bidders for the sale of a stake in its commercial property arm and expects to receive binding, updated offers once the potential buyers complete due diligence. The realty firm circulated an information memorandum to a number of global and domestic investors in April and received preliminary bids from sovereign pension funds and private equity investors in June. The transaction is critical..."/>
DLF shortlists bidders for stake sale in office portfolio [Mint, New Delhi]
IndAS and why the numbers don't add up [Mint, New Delhi]
Macy's still plans to close 100 of its stores, the struggling retailer's downsizing will not affect the Christmas shopping you plan to do at any of the department store chain's locations. That's because Macy's won't reveal the stores that will close until after Santa has left that polo, blazer or perfume under the tree. The retailer will announce the majority of the targeted stores by the end of January, spokeswoman Elina Kazan said."/>
Macy's to reveal stores to close in January [The Morning Call (Allentown, Pa.)]
Target Corp.' s top marketer, just got the notification of his career. With a web post headlined "Jeff, your Uber is arriving now," Uber Technologies Inc. announced Tuesday that it hired Jones for a newly created position as its president. Uber founder and chief executive Travis Kalanick said the pioneering ride-sharing company needs to focus more heavily on marketing."/>
Target's top marketer, Jeff Jones, is leaving to become president of Uber [Star Tribune (Minneapolis)]
Emmis Communications Corp. plans to sell Newport Beach-based Orange Coast Magazine, Los Angeles magazine and three other regional publications. Jeff Smulyan, Emmis chief executive and controlling shareholder, has previously proposed the company go private and sell some assets in the process. "In order to address the company's debt issues, we need to look at selling assets," Smulyan said in a letter to employees."/>
BRIEF: Orange Coast Magazine for sale as parent company seeks privatization [The Orange County Register]
Comstock Holding Companies, Inc. has begun development of TOTTEN MEWS, a new neighborhood of luxury townhomes in the Michigan Park area of Washington, DC. The homebuilding company will build 40 homes and will begin pre-sales this fall. Comstock closed on the property in late August, having received full entitlement from the District government earlier this year."/>
Comstock Starts TOTTEN MEWS In DC
Caleres increased its profit in the second quarter but missed analysts' forecasts. Caleres reported a $19.8 million profit for the period that ended July 30, or 46 cents a share, up from $16.8 million, or 38 cents a share, a year earlier. Analysts expected second quarter earnings per share of 50 cents, according to Thomson Reuters I/B/E/S."/>
Caleres' 2Q profit misses analysts' forecasts [St. Louis Post-Dispatch]
Apple to pay back taxes to Ireland, saying the country gave the tech giant illegal tax benefits worth up to 13 billion euros, or $14.5 billion. The commission said Apple's tax deal with Ireland allowed the company to avoid paying taxes on almost all the profits generated by sales of Apple products across the single-market European Union. Ireland has a corporate tax rate..."/>
Apple: Europe tax penalty could top $18 billion, impact other tech firms, say experts [East Bay Times]
Amazon planning 4th Will County warehouse [Chicago Tribune]
Fred's Inc. retail stores, after its leader Jerry Shore announced plans to retire in February. Michael Bloom, who joined Fred's from Family Dollar Stores in January 2015, is the company's new chief executive. Shore was named chief executive in 2014 and oversaw the $150 million restructuring put in place after profits fell to improve pharmacy earnings, remodel stores and upgrade store merchandise by 2017.."/>
Fred's promotes Michael Bloom to CEO as turnaround continues [The Commercial Appeal, Memphis, Tenn.]
Thor Industries, Drew Industries and Patrick Industries. The top company will be announced at an awards banquet on Sept. 15 that will be held in conjunction with the INVESTIndiana Equity Conference at the Indianapolis Marriott Downtown. Thor is the owner of several subsidiaries that, when combined, represent one of the..."/>
BRIEF: Thor, Patrick and Drew finalists for public company of the year [South Bend Tribune, Ind.]

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