In answer to the question my colleague Nikki Sein posed, “Can things get worse for the cruise ship industry?” If Costa Cruises’ most recent debacle is any indication, the answer […]
With September barely out of the starting gate, the big news in the corporate racing world comes from late August. Last Thursday, Churchill Downs, home of the Kentucky Derby, announced that Robert Evans stepped down as CEO (but stayed on as chairman) after eight years and COO William Carstanjen took his place. Carstanjen has been with Churchill Downs for nine years, serving as head of operations since 2008. Before his racing years, Carstanjen was an executive at GE.
August 25, 2014
In an update last week, D&B Editor Lynett Oliver wrote about Mobileye, an Israeli developer of advanced driver-assistance systems that raised some $890 million in an initial public offering. The company, which made its first profit in fiscal year 2013 (about $20 million), provides software and cameras that aid drivers in avoiding collisions, staying in their own lanes (thank you very much), and navigating traffic jams. Mobileye’s clients include Ford, GM, Honda, and other major OEMs. It plans to use its portion of the IPO proceeds to purchase inventory, including its proprietary EyeQ system-on-a-chip units. Follow Lynett on Twitter.
September 2, 2014
Several large department store chains are seeing a surge in sales, a signal that the industry could be recovering after a period of decline, according to FORTUNE magazine. This year, shares of Macy’s and Nordstrom stock are up 13 percent and 12 percent, respectively, while J.C. Penney shares have climbed more than 70 percent from lows in early March 2014. Investors are confident about expected positive earnings for all three companies, which are taking steps to attract more shoppers. See our Department Stores profile for more trends.