Franchise News
Steve Ballmer Reveals that He has a 4% Stake in Twitter, Boosts the Company's Stock Price
Viacom and Cablevision Settles Antitrust Litigation, Enter a Mutually Beneficial Business Arrangement
McDonald's All-Day Breakfast Not Liked by Franchisees, Slowed Down Service and Created Chaos in Kitchens
Franchisees of McDonald’s are not liking the all-day breakfast menu that the fast food chain launched on Oct. 6, 2015, saying it has been a disaster, according to a report from the New York Post. They are saying that the all-day breakfast has slowed down service, lowered average bills and created chaos in the kitchen.
Latest News
Mortgage Rates Increased Slightly, Remains Below 4% for 12th Straight Week
Freddie Mac said in a press release that their Primary Mortgage Market Survey show mortgage rates have nudged slightly higher. The rates, however, have remained below four percent and will probably remain lower longer than previously reported.
Volkswagen to Recall 8.5 Million Vehicles in Europe, Following Order of German Authorities for Automaker to Recall 2.4 Million Vehicles in the Country
Volkswagen AG announced in a press release that it will be recalling approximately 8.5 million vehicles in Europe in relation to the rigged diesel emission testing. The automaker announced the recall following the order of The Federal Motor Transport Authority or KBA to recall 2.4 million vehicles in Germany.
Boeing Announces EVA Airways Intent to Purchase 26 Widebody Airplanes, Gives 787-10 Dreamliner a Boost
Boeing announced in a press release that EVA Airways, a Taiwan airline company, is intending to purchase 24 787-10 Dreamliner airplanes and two additional 777-300ER jetliners, a value that totals $8 billion at current list prices. The announcement is a big boost to the airplane manufacturer’s 787-10 Dreamliner jets.
Apple Launches Restricted Stock Unit Program for Employees, Including Retail, to Retain Talent
Apple, Inc. has launched the Restricted Stock Unit (RSU) program, a program that is usually reserved for the top management and top-ranking employees of the company, to be available to all its employees, including retail, according to a report from 9to5Mac. The program being extended to all employees is usually Apple’s way of retaining employee talent for long periods of time.
Yum! Brands Announces Appointment of Keith Mester into Board, Updates Outlook for 2015
Yum! Brands, Inc., the company that owns KFC, Pizza Hut and Taco Bell, has announced in a press release the appointment of Keith A. Meister into its board of directors. The company also updated its outlook for 2015.
Synchrony Receives Approval from Federal Reserve Bank, One Step Closer to Becoming Fully Independent Company
Synchrony Financial has received a key approval from the Federal Reserve System Board of Governors to become a standalone savings and loan holding company, according to a press release issued by Synchrony. The approval marks a major step for Synchrony to become a fully independent company.
Northrop Announces Organizational Changes, Appoints New COO
Northrop Grumman Corporation, a leading global security company, will be undergoing structural changes to better align the company’s businesses, according to a press release issued by Northrop Grumman. The company also announced that it will be appointing Gloria Flach as its new COO.
Union Square Hospitality Group Eliminates Tipping Throughout All Restaurants, Provides Equal Compensation for Employees
Danny Meyer, the CEO of Union Square Hospitality Group, said in a letter published by Union Square that the company will be eliminating tipping throughout all of the company’s family of restaurants. This move allows Union Square to equally, competitively, and professionally compensate all of their employees.
Uber Launches Delivery Service, Allows Businesses to Get Customers What They Want
Uber announced in a blog post the launching of UberRUSH, it's new delivery service that allows businesses in Chicago, New York, and San Francisco to provide delivery to its customers. Businesses in these areas just need to press a button in their Uber app to get customers what they want and when they want it.
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