Franchise News
Shell Decides to Increase Production of Alpha Olefins at Geismar Chemical Plant, Becomes World's Largest Alpha Olefins Producer
Great Western Bancorp to Acquire HF Financial, Solidifies Market Leadership Position in Sioux Falls
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.
Latest News
Samsung Appoints New President Of Mobile Communications
Samsung Electronics Co. Ltd. has appointed Koh Dong Jin, who previously worked on Samsung’s Pay and Knox, as the new president of mobile communications, according to a report from Bloomberg.
Ford-UAW Labor Contract Provides Good Foundation to Create Stronger Business, Staffing Flexibility, Effective Labor Cost Structure
Ford Motor Company has said in a press release that the recently ratified contract between the automaker and the United Auto Workers (UAW) represented employees provides a good foundation for the company to create an even stronger business in the years ahead. The new contract aligns with Ford’s labor cost structure and provides flexibility in terms of hiring more staff.
Petrobras Chairman Murilo Ferreira Steps Down Following Brazil Dam Disaster, Ferreira has been on Leave Since September
Petróleo Brasileiro S.A. has announced in a press release that Murilo Pinto de Oliveira Ferreira has resigned from his position as chairman of the company. Ferreira has been on a leave of absence from the company since September 14, 2015. The Wall Street Journal said that Ferreira’s resignation also comes as he deals with the implications of a catastrophic accident at Vale SA, a mining giant.
Tribune Publishing Denies Rumors of Sale, Company Not Engaged in Discussions or Process to Sell
The Tribune Publishing Co. denied the media speculation in a statement to its employees that the company is being sold and the spinoff of the Los Angeles Times, according to a report from the Chicago Tribune. The company said in the statement that it is “not engaged in any discussions or a process to sell the company.”
Swatch Partners with Visa, Allows Visa Cardholders to Pay with Swatch's New Pay-By-The-Wrist Watch
The Swatch Group Ltd. has announced in a press release that Swatch SA has signed an agreement with Visa, Inc. and Visa Europe about a partnership. The partnership will allow Visa cardholders in the U.S., Switzerland and Brazil the ability to tap and pay with Swatch’s new “pay-by-the-wrist” watch called Swatch Bellamy.
AB InBev to Sell Peroni and Grolsch, Looks to Smoothen Merger with SABMiller
Anheuser-Busch InBev (AB InBev) is planning to sell the Peroni and Grolsch brands that it would gain following its acquisition of SABMiller PLC, a person familiar with the matter told the Financial Times. The proposed transaction is AB InBev’s attempt to head off European regulatory concerns that may arise with its merger with SABMiller.
Murdoch Says Tribune Papers Likely to be Sold, LA Times to be Split Off
Rupert Murdoch, the executive chairman of News Corp., said in a tweet on his Twitter account that he had “strong word” that Tribune Publishing Co.’s newspaper group will bought by a “big Wall Street firm.” He also said that the Los Angeles Times would be split off and be purchased by philanthropist Eli Broad and local group.
Lufthansa Agrees to Pay Deal with 33,000 Personnel, Seeks to Avoid Further Strike
Deutsche Lufthansa AG has reached an agreement with Verdi, a trade union, with regards to the wages and pensions of about 33,000 ground crew and other personnel, according to a report from The Wall Street Journal. The German airline has agreed to pay its workers as it looks to avoid further strikes.
Last Boeing C-17 Departs Long Beach Facility, Marks End of Aircraft Production in Southern California
Boeing Company has announced in a press release that its final C-17 Globemaster III military aircraft has departed the company’s plant in Long Beach, California on Sunday, November 29, 2015. The departure marks the end of the aircraft production in Long Beach.
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