Industry News

Yahoo and AOL would have been a blockbuster deal back in the late 1990 s. Now, the deal is being greeted more with shrugged shoulders than loud applause. Verizon, having acquired AOL off the scrapheap last year, is buying the core parts of Yahoo for $4.8 billion."/>
St. Louis Post-Dispatch David Nicklaus column [St. Louis Post-Dispatch]
Central European Media Enterprises Ltd...."/>
Central European Media Enterprises Ltd. Reports Results for the Second Quarter and Six Months Ended June 30, 2016
Boston Herald The Ticker column [Boston Herald]
Yahoo could offer a financial parachute to investors who have stuck with the one-time search engine heavyweight as it watched companies like Google and Facebook comfortably pass by, according to an expert. "This is maybe the best way out if you have held Yahoo stock for a long time," said Peter Ireland, an economics professor at Boston College. "Verizon's stock has done very, very well this year."/>
Expert: Verizon buy could pay off for Yahoo shareholders [Boston Herald]
Liberty Property Trust is under agreement to sell much of its holdings in the Great Valley Corporate Center, the pioneering Chester County business park that transformed Malvern and made the developer into a major regional office landlord. The company is selling 26 Great Valley properties, accounting for over a million square feet of office and light-industrial space, to Horsham-based Workspace Property Trust, Liberty announced Monday. The properties are part of a..."/>
Liberty Property Trust to sell most Great Valley Corporate Center holdings in milestone for company [The Philadelphia Inquirer]
Maruti Suzuki India Ltd, India's largest car maker, said that the local car market will reach 5 million units in annual sales by 2020, making the country the fourth-largest market in the world. The estimates were given by Maruti Suzuki chairman R.C. Bhargava at an auto parts conference on Monday."/>
India to be a five million car market by 2020: Maruti Suzuki's RC Bhargava [Mint, New Delhi]
Under Armour founder and CEO Kevin Plank. The gift was announced Friday at CollegeBound's annual scholars luncheon, the Cupid Foundation said in a release."/>
Kevin Plank donates $1 million to Baltimore's CollegeBound Foundation [The Baltimore Sun]
Starbucks' increasing emphasis on the high end of the coffee market, Starbucks Chairman and CEO Howard Schultz is stepping back from some of the more day-to-day operations of the coffee chain to focus on long-term global strategy and innovation. Starting Sept. 1, his priorities will be on Starbucks' higher-end businesses, including the Roasteries, the high-end coffee shops Starbucks first opened in 2014; the Reserve Stores, which sell and brew..."/>
Starbucks' Schultz to step back, focus on high-end strategy [The Seattle Times]
Carmike Cinemas, hoping the higher offer will be enough to lock down a deal to make the combined company the largest movie theater company in the United States. AMC said Monday it increased its offer to acquire Carmike to $33.06 per share in cash and stock. The revised proposal represents AMC's "best and final" offer and provides an additional $3.06 a share, or 10.2 percent, more than the previous bid."/>
AMC increases blockbuster offer for Carmike to $1.2B [The Morning Call (Allentown, Pa.)]
Yahoo and AOL would have been a blockbuster deal back in the late 1990 s. Now, the deal is being greeted more with shrugged shoulders than loud applause. Verizon, having acquired AOL off the scrapheap last year, is buying the core parts of Yahoo for $4.8 billion."/>
How Yahoo became an internet also-ran [St. Louis Post-Dispatch]

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