Industry News

Marriott-- changed names again this year and is now The Edward Hotel and Convention Center. It is named for current owner Edward Gong, a Chinese-born businessman..."/>
Former Dearborn Hyatt aims to regain stars, class [Detroit Free Press]
Daily Mail, London, business briefs column [Daily Mail, London]
Huarong International Financial Holdings Limited is pleased to announce its results for the six months ended 30 June 2016 today. During the Period, benefiting from the brand "China Huarong" and sustained business expansion, the Group recognized a significant growth of the results. The total revenue of the Group surged by 965.9% from Last Period to approximately HK $558 million, and the profit attributable to owners of the Company increased by 189.6% from..."/>
Huarong International Financial (Stock code: 993.HK)Announces Its Outstanding 1H2016 Earnings Results with Net Profit Surged by 189.6% to Approximately HK$218 million
Ohio job growth tops national rate [The Blade, Toledo, Ohio]
Cairn India brand will remain intact and no restructuring will take place at the company after its merger with parent Vedanta Ltd, Tom Albanese, chief executive officer, Vedanta, said in a conference call on Friday. He also said the company had received a good response from some shareholders and proxy firms on the revised terms of the merger. "Cairn India runs its own operations while Vedanta runs its own."/>
No restructuring at Cairn post merger: Vedanta [Mint, New Delhi]
RBL Bank IPO gets subscribed 66% on Day 1 [Mint, New Delhi]
Geo Group said Friday it doesn't expect to lose federal prison business despite a U.S. Justice Department decision to end prison-management contracts with private companies. "There's been an overreaction to the news about the contracts," Geo chairman and CEO George Zoley said in a conference call Friday."/>
Boca's Geo Group expects contract renewals despite federal plan to end private prison operation, CEO says [Sun Sentinel]
Knoxville Center Mall sold [The Knoxville News-Sentinel, Tenn.]
Ryder System Inc., but township officials enthusiastically heralded the news Thursday night during a commissioners meeting. Sara Pandl, Lower Macungie's planning director, said she and other..."/>
Lower Macungie warehouse will bring 100s of jobs, officials say [The Morning Call (Allentown, Pa.)]
Bank of America is suing the brothers alleging it's still owed $24 million from a 2012 consent judgment. The Roberts brothers, both former St. Louis aldermen and developers, defaulted on loans taken out to renovate six hotels they formerly owned in Atlanta; Dallas; Houston; Tampa, Fla.; Spartanburg, S.C.; and Shreveport, La."/>
Bank alleges Roberts brothers still owe $24 million from bad hotel loans [St. Louis Post-Dispatch]
Macy's stores in the Sarasota and Bradenton counties may not be at strong risk for closing as part of the retailer's plans to close about 14 percent of its stores, according to a report. The report from Morningstar Credit Ratings, which follows an announcement last week that Macy's intends to close 100 stores, identifies 28 locations with a higher probability of closing, based on below-average tenant sales. The chain has 728 stores."/>
Southwest Florida not listed as high risk for Macy's closures [Sarasota Herald-Tribune, Fla.]
Job growth surges during July in Bay Area [East Bay Times]

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