Franchise News
Faraday Future Vows To Invest $1 Billion For New Production Facility in Nevada, Add 4,500 Jobs
AccorHotels To Acquire 3 Iconic Hotel Brands, Enhancing Company's Footprint In Luxury Segment
Walmart Introduces Walmart Pay: Is This The Beginning Of The End For MCX's CurrentC Payment System?
Wal-Mart Stores, Inc. has introduced Walmart Pay, a fast, easy and secure way for customers to pay with their smartphones in Walmart stores, according to a news release issued this week by the company.
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Morgan Stanley Adds Alistair Darling to Board of Directors Following PIMCO's Appointment Of Gordon Brown To Global Advisory Board
Morgan Stanley has announced in a press release that Alistair Darling, a former member of the British Parliament, has been elected to the Company’s board of directors.
Didi Kuaidi Hires Jerry Yang As Senior Adviser, Apparently Hoping To Strengthen its Tech Alliance
Didi Kuaidi, the largest car-hailing app in China, has just appointed Jerry Yang, co-founder of Yahoo, to its board as senior advisor, according to a report from Techcrunch.
EU Slaps Qualcomm With Antitrust Charges, Company Accused Of Exclusivity Payments, Predatory Pricing
The European Commission has charged Qualcomm Incorporated with abusing its dominant position in the worldwide markets for 3G and 4G based chipsets, according to a press release issued by the Commission.
Morgan Stanley To Cut 1,200 Jobs, Will Take $150 Million Severance Charge
Morgan Stanely will be cutting 1,200 jobs, including about 470 traders and salespeople in the company’s fixed-income and commodities business, a person with knowledge of the matter told Bloomberg.
IBM Acquires Clearleap, Angles To Advance Cloud Video Services
International Business Machines Corporation (IBM) has announced in a press release that it has acquired Clearleap, Inc., a provider of cloud based video service.
Yahoo To Hold Off On Spinning Off Alibaba Stake, Examine Deal Involving Core Business
Yahoo!, Inc. will not be pushing through with its spinoff of its stake in Alibaba Group Holding Ltd., sources have told CNBC. The company would instead examine a deal that would involve its core business and its stake in Yahoo Japan.
JAB Holding-Led Investor Group To Acquire Keurig In Hopes Of Creating Global Coffee Empire
Keurig Green Mountain, Inc. has announced in a press release that it will be acquired by an investment group led by JAB Holding Company for approximately $13.9 billion.
PIMCO Creates Global Advisory Board, Names Ben Bernanke, Jean-Claude Trichet, Gordon Brown To Board
Pacific Investment Management Co. (PIMCO) has announced in a press release that it is forming a Global Advisory Board to provide insight on the company’s global economic, political, and strategic developments.
BBCN To Acquire Wilshire for $1 Billion, Looks To Create Only Super Regional Korean-American Bank in the U.S.
BBCN Bancorp, Inc. has announced in a press release that it entered into an agreement with Wilshire Bancorp, Inc. to combine in a strategic merger of equals. The transaction would create the only super regional Korean-American bank in the U.S.
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