Franchise News
Fiat Chrysler Recalls 180,000 SUVs and Pickups, Faulty Rear Axle and Risk of Fire are Cited as Reasons for Recall
U.S. Air Force Picks Northrop Grumman for Long Range Strike Bomber Contract, Tops Lockheed-Boeing for $80 Billion Contract
Amazon Facing Class-Action Lawsuit from Ex-Delivery Drivers, Dispute over Contract Classification
Amazon.com. Inc. is facing a class-action lawsuit against the ex-delivery drivers of its Amazon Prime Now service, according to a press release issued by Leonard Carder LLP and published in PR Newswire. The lawsuit alleges that Amazon.com has wrongfully paid its delivery drivers as independent contractors even though they are treated as employees.
Latest News
JPMorgan Chase Launches its own Digital Wallet Chase Pay, Provides Alternative to Apple Pay
JPMorgan Chase Bank N.A., the consumer banking arm of JPMorgan Chase & Co., announced in a press release that launch of its own digital wallet Chase Pay. The new Chase Pay, which will allow consumers to pay retailers using their smartphones, is an alternative to Apple Pay.
Diebold Announces Cardless ATM, Citigroup Testing New Technology
Diebold, Inc. has announced in a press release the introduction of Irving concept, an ATM machine that dispenses cash to the consumer without the need of an ATM card. Citigroup, Inc. is testing the new technology at its innovation lab in New York.
Duke Energy to Acquire Piedmont for about $4.9 Billion in Cash, Adds Natural Gas Platform as Growth in Power Demand Slows
Duke Energy Corp. announced in a press release that it plans to acquire Piedmont Natural Gas Co., for approximately $4.9 billion in cash. The acquisition provides Duke Energy with a growing natural gas platform as demand for electricity in the U.S. softens.
Wal-Mart Asks Permission to Test Drones for Home Delivery, Pickup, Looking to Compete Against Amazon
Wal-Mart Stores, Inc. has applied to the Federal Aviation Administration (FAA) for permission to test drones for home delivery.
Famous Dave Welcomes Back its Founder, Part of Company's Reorganization
Famous Dave’s of America, Inc. has just announced in a press release that it is welcoming back its founder “Famous Dave” Anderson. His return to the company is part of a reorganization that includes having several new members to its board of directors and executive management team.
United Continental Reaches Tentative Agreement with International Brotherhood on Collective Bargaining, Awaiting Ratification
United Continental Holdings, Inc. has announced in a press release that it has reached with International Brotherhood of Teamsters to put a proposed joint collective bargaining agreement. The proposed collective bargaining agreement is just awaiting ratification.
Jeff Bezos Becomes 3rd Richest in the U.S., Adds $2.9 Billion to his Fortune
Jeff Bezos, the founder of Amazon.com Inc., is now the third-richest man in the U.S. with a net worth of $53.2 billion, according to a report from Bloomberg. Bezos added $2.9 billion to his Fortune last Friday, October 23, 2015, when Amazon.com’s shares went up by more than $35.
Toshiba Close to Selling Sensor Business to Sony, Looking to Raise Cash
Toshiba Corp. is close to selling its sensor business to Sony Corp. for about ¥20 million, or about $165 million, people familiar with the matter told Bloomberg. The company is looking to sell its assets and raise cash following an accounting scandal.
DOE Cancels Plan to Ship the First of Two Nuclear Waste to Idaho for Research, Officials Unable to Arrive at a Waiver for 1995 Agreement
The U.S. Department of Energy (DOE) has cancelled the first of the two nuclear waste coming from commercial reactors out of state that it plans to ship to the Idaho National Laboratory, according to a report from ABC NEws. The DOE cancelled the first shipment due to federal and state officials’ inability to come to terms on a waiver to a 1995 agreement.
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