Franchise News
Google Buys 842 Megawatts of Renewable Energy, Largest Purchase of Renewable Energy by Non-Utility Company
Avon Close to Selling its North American Business to Cerberus, Barington Warns Avon of the Deal
Avon Products Inc. is in advanced talks to sell its North American business to Cerberus Capital Management LP, a private equity firm, people familiar with the matter told The Wall Street Journal. Barington Capital Group LP, a private equity investor who led a group that collectively owns a three percent stake in Avon, warns the cosmetics maker against the transaction with Cerberus.
Latest News
David Crane Steps Down as President and CEO of NRG, Mauricio Gutierrez Named as His Replacement
NRG Enegery Inc. has announced in a press release that David Crane is stepping down as president and CEO of the company, effective immediately. Crane, who has been president and CEO since 2003, will be replaced by Mauricio Gutierrez, who serves as the executive vice president and COO of NRG since July 2010.
Mortgage Rates Down for 3rd Straight Week, Mortgage Applications Also Fall
Freddie Mac said in a press release that their Primary Mortgage Market Survey show mortgage rates have decreased for third straight week due disappointing manufacturing data.
Barclays to Sell Italian Retail Banking Business to CheBanca!, Part of Reduction of Non-Core Business
Barclays PLC has announced in a press release that it will be selling its Italian Retail Banking network of 89 branches to CheBanca!, the retail arm of the Mediobanca Group. The transaction is part of Barclays’ strategy to reduce businesses that are unprofitable or lack scale.
Target to Pay $39 Million to Resolve Claims Stemming From Data Breach
Target Corp. has agreed to pay $39 million to banks and credit unions to resolve their claims that they lost money because of the company’s late 2013 data breach, according to a report from Reuters.
Shell Receives Final Australian Regulatory Clearance, Combination with BG Only Needs Clearance from China Regulators
Royal Dutch Shell plc has announced in a press release that its recommended combination with BG Group plc has received approval from the Australian Foreign Investment Review Board (FIRB). The recommended combination now only needs approval from China’s regulatory authorities.
Qualcomm Enters Patent License Agreement with Xiaomi, Quells Fears that Chinese Vendors are Ignoring Company's Patent Licensing
Qualcomm Inc. has announced in a press release that it has entered into a new 3G and 4G China patent license agreement with Xiaomi Inc., a leading Chinese smartphone and Internet company. The announced agreement quells investors’ fears that Chinese vendors are ignoring Qualcomm’s patent licensing.
Yahoo Board Eying Sale of Internet Business: Execs Also Allegedly Considering Spinning Off Stake in Alibaba
Yahoo, Inc.’s board of directors is planning a series of meetings this week to discuss its options regarding the future of the company, people familiar with the plans told the Wall Street Journal.
RadioShack Names Nick Cannon as New Chief Creative Officer In Hopes Of Being A Must-Visit Electronics Store Again
RadioShack has announced in a press release published in PR Newswire that it has named Nick Cannon, one of the most successful and multi-faceted artists in the entertainment industry today, to be its new chief creative officer (CCO).
Outdoor Outfitter Cabela's Explores Strategic Alternatives, Looks To Increase Value For Shareholders
Cabela’s Inc. has announced in a press release that its board of directors is looking to explore and evaluate a wide range of strategic alternatives. The company is looking to increase its value for shareholders.
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