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]
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)]
Comcast and deter cord-cutters with what it touts as a better pay-TV experience. Layer3 TV, a Denver-based startup, will offer hundreds of cable channels and online video packaged together in one sleek box, a platform that allows viewers to navigate everything from traditional networks to services like Netflix seamlessly. Backed by more than $100 million in funding from..."/>
New cable company Layer3 TV to take on Comcast, Chicago-area cord-cutters [Chicago Tribune]
Pool Corporation announced today that its Board of Directors declared a quarterly cash dividend of $0.31 per share. The dividend will be payable on August 24, 2016 to holders of record on August 10, 2016.. Pool Corporation is the world's largest wholesale distributor of swimming pool and related backyard products."/>
Pool Corporation Declares Quarterly Cash Dividend
Kandi Technologies Group, Inc., today announced that it will report second quarter 2016 financial results on Tuesday, August 9, 2016, before the open of trading in the U.S.. The Company has scheduled a conference call and live webcast to discuss the financial results at 8:00 AM on August 9, 2016. Hu Xiaoming, Chief Executive Officer and Mr."/>
Kandi Technologies to Announce Second Quarter 2016 Results and Hold Conference Call on August 9
Pecos cantaloupes now in stores [Odessa American, Texas]
Carnival Cruise Line announced today that Carnival Horizon will be the name of its new 133,500- ton ship scheduled to be delivered in March 2018.. Currently under construction at Fincantieri's shipyard in Marghera, Italy, Carnival Horizon will be the line's second Vista-class ship, with the namesake vessel in the series, Carnival Vista, having entered service in May 2016.. Carnival Horizon will offer many of the hugely popular indoor and outdoor..."/>
Carnival Cruise Line's New 133,500-ton Ship To Be Named Carnival Horizon
Penn National Gaming, Hollywood Gaming at Mahoning Valley Race Course's parent company, reported a second-quarter revenue year-over-year increase of 9.8 percent Thursday. Net revenue was $769.4 million in the second quarter of 2016. That's compared with the $701 million reported in the second quarter of 2015.."/>
Penn National reports revenue increase in 2Q [Vindicator, Youngstown, Ohio]
"FCA Replay" Wraps the Week
Advance Auto Parts, Inc.- is rolling out significant platform updates that make accessing and completing online training easier, more flexible and customizable for automotive repair shops. All MotoSKILL customers have..."/>
MotoSKILL Shop Tech Training Introduces New Tools and Personalization to Meet Training Needs of the Modern Shop
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]
DENSO Corporation today announced its global financial results for the first quarter ending June 30, 2016 for fiscal year ending March 31, 2017:. Consolidated revenue totaled 1,092.8 billion yen, an 1.2 percent decrease from the previous year. Consolidated operating profit totaled 67.2 billion yen, a 22.5 percent decrease from the previous year. Consolidated profit attributable to owners of the parent company totaled 46.1 billion yen, a..."/>
DENSO Announces First-quarter Financial Results
Johnson Controls, Inc. today announced that Adient, the automotive seating and interiors business that it plans to spin off in October, will have Barb J. Samardzich join Adient's board of directors after its separation from Johnson Controls. Samardzich, has served as vice president and chief operating officer of Ford of Europe since November 2013 and recently announced her retirement from Ford effective October 1, 2016."/>
Johnson Controls announces addition of Barb J. Samardzich to Adient's board of directors
Thomson Reuters."/>
Ford's second-quarter earnings fell 9% to $2 billion [Detroit Free Press]

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