Franchise News
Thanksgiving Air Travel to Rise to 25.3 Million Passengers, Highest Since the Great Recession
UAW Reaches Tentative Agreement with Ford, Agreement to be Reviewed by Local Union Leaders
Verizon Exploring the Sale its Enterprise Business, Looks to Focus on Core Business
Verizon Communications Inc. is looking to sell its enterprise business, which could be worth as much as $10 billion, people familiar with the matter told Reuters. The largest wireless carrier in the U.S. is looking to focus more on its core business.
Latest News
The Washington Metropolitan Area Transit Names Paul Wiedefeld New GM and CEO, Will Take Over Troubled Transit
The Washington Metropolitan Area Transit Authority (WMATA) has hired Paul Wiedefeld, the former CEO of Baltimore’s international airport, to be their new general manager and CEO, according to a press release issued by WMATA. Wiedefeld will be taking over a troubled a mass transit authority that is plagued by operational problems and worsening financial woes.
United Continental CEO Plans to Return on Early 2016 Following Heart Attack, Ends Uncertainty on Who will Run the Airline
Oscar Munoz, the president and CEO of United Continental Holdings Inc. said in a statement published on the company’s website that he plans to return to work in the first quarter of 2016. Munoz’s plan to return ends any uncertainty on who will lead the airline.
Virgin America Launches Flight to Hawaii, Celebrates its Launch with Partnership with Airbnb
Virgin America has announced in a press release that it has launched its first flight from San Francisco to Hawaii on Monday, November 2, 2015. The airline will be flying to Hawaii using its newest Airbus A320 aircraft that is equipped with fuel-saving “sharklet” wingtip devices. In connection with its first flight to Hawaii, Virgin America also announced a partnership with Airbnb, the first partnership program of its kind.
Coty Acquires Personal Care and Beauty Business of Hypermarcas for about $1 Billion in Cash, Provides Coty with Critical Mass Platform in Brazil
Coty, Inc. announced in a press release that it will be acquiring the personal care and beauty business of Hypermarcas S.A. for approximately $1 billion. The acquisition gives Coty a critical mass platform in Brazil.
Target Closing 13 Stores in the U.S., Falling Profits Reason for Closures
Target Corporation will be closing 13 of its stores across the U.S. on January 31, 2016, according to a report from CNN Money. The retail giant cited falling profits as the reason for the closure of the stores.
Regulators Increases Crackdown Against Abusive Debt Collectors In 1st Act Of Federal-State Enforcement Initiative
The Federal Trade Commission (FTC) and other law enforcement authorities around the country have announced a nationwide crackdown against abusive debt collectors, according to a press release issued by the FTC. The announcement is the first ever coordinated federal-state enforcement initiative against deceptive and abusive debt collection practices.
Southwest Pilots Reject Tentative Agreement with Southwest Airlines, Pilots' Association to Return to the Negotiating Table with the Airline
The members of the Southwest Airlines Pilots’ Association rejected the tentative agreement on a new labor contract the pilots' association made with Southwest Airlines, according to a press release issued by the pilots' association. The pilots’ association will return to the negotiating table with the airline to come up with a new labor contract.
Kraft Heinz to Close 7 Plants, Cut 2,600 Jobs, Company Looking to Cut Costs
Kraft Heinz Co., will be closing down seven factories and laying off about 2,600 employees in North America, according to a report from USA Today. The move is part of the company’s efforts to cut costs.
Airbnb Wins Battle in San Francisco, Plans to Create 100 Home-Sharing Political Clubs in 100 U.S. Cities
Voters in the city of San Francisco have soundly rejected Proposition F, a measure that would have limited short-term housing rentals to 75 nights a year, according to a report from The Wall Street Journal. The result is a victory for Airbnb Inc., who waged a sophisticated political campaign to defeat the initiative. The home-sharing site plans to launch a national campaign and create 100 home-sharing political clubs in 100 U.S. cities in 2016.
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