Franchise News
Pinnacle Foods to Acquire Boulder Brands, Expands Pinnacle's Presence in Health and Wellness Categories
Elliot Management Takes 6.4 Percent Stake in Alcoa, Eyes Opportunities to Improve Company's Profit Margins
Alibaba Group Founder Jack Ma in Talks to Acquire Stake in Hong Kong Newspaper, Latest Internet Tycoon to Revive Traditional Newspaper
Jack Ma, the founder and chairman of Alibaba Group Holding Ltd., is in talks to acquire a stake at South China Morning Post (SCMP), a Hong Kong newspaper company, people familiar with the matter told Bloomberg. The move would make Ma the latest Internet tycoon to try and revive the traditional newspaper.
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Fiat Chrysler Expands Tuition Assistance to Employee Spouses and Children
Fiat Chrysler Automobiles has expanded the free tuition benefit to all its dealership employees nationally, including their spouse and children, according to a report from Fortune.
MB Financial To Acquire American Chartered For Roughly $449 Million, Expands Commercial Banking Business
MB Financial, Inc. has announced in a press release that it will be acquiring American Chartered Bancorp, Inc. for approximately $449 million.
TrueCar Names Chip Perry as New President and CEO, Places Restoring Positive Relationship with Car Dealers as Top Priority
TrueCar, Inc. has announced in a press release that it has named Chip Perry, an online automotive pioneer and long-time industry leader, to be the company’s new president and CEO.
Intel Hires Former Qualcomm Executive To Run Client And Internet Of Things Business, Systems Architecture Group
Intel Corporation has announced in a press release that it has hired former Qualcomm Inc. executive Dr. Venkata “Murthy” Renduchintala.
CVC, Canada Pension Plan Close to Acquiring Petco, Will Acquire Pet Retailer for $4,7 Billion
CVC Capital Partners Ltd., a private equity firm, and the Canada Pension Plan Investment Board are nearing a deal to acquire Petco Holdings, Inc., people familiar with the matter told Reuters. The deal will value Petco at $4.7 billion, including debt.
Several Starwood Hotels Infected with Malware, Customer Credit Card Info Breached
Starwood Hotels & Resorts Worldwide, Inc. has announced in a press release that the point of sale systems of some of its hotels in North America was infected with malware.
Alberta, Canada Announces Climate Leadership Plan To Protect Residents' Health
The government of Alberta, Canada has announced in a press release its Climate Leadership Plan that will accelerate the transition from coal to renewable electricity sources, puts a price on carbon pollution, and sets emission limits for oil sands.
Ford Workers Narrowly Ratify UAW-Ford Deal, Some Workers Feel Better Deal Still Available
The United Auto Workers (UAW) has announced in a press release that its members have voted to ratify the new four-year collective bargaining agreement with Ford Motor Company. The approval, though, only won narrowly with only 51.4 percent of the members voting to ratify the new agreement. The Chicago Sun-Times adds that the narrow approval was due to some workers saying that the union didn’t push back hard enough to win some of the things that the workers lost in previous agreements, including the annual wage increase.
Airbnb Raises More Than $100 Million in Latest Round Of Funding, Showing Solid Growth to Attract Investors
Airbnb Inc. has raised more than $100 million in a new round of funding that has closed, a person familiar with the matter has told The Wall Street Journal.
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