Franchise News
Disney's Cable Channels Losing Millions of Subscribers, with ESPN Losing 7 Million Subscribers in Just 2 Years
Durable Goods Orders in the U.S. Rise 3 Percent in October
New orders for manufactured durable goods in the U.S. have increased a seasonally adjusted three percent in October, following two consecutive months of decreases, according to a news release issued by the U.S. Census Bureau.
Latest News
FTC Approves NXP's Acquisition of Freescale, Requires NXP to Divest Radio Frequency Power Assets
The Federal Trade Commission (FTC) has approved the NXP Semiconductor N.V.’s proposed acquisition of Freescale Semiconductor Ltd. for $11.8 billion, according to a press release issued by the FTC. The approval, though, comes with a condition that NXP will divest its radio frequency power assets.
Owner of New Hampshire Waterpark Leaves Slide Tower, Fails to Find Investors
Kevin Dumont, the owner of a water park in New Hampshire, has decided to leave the slide tower after 17 days of chaining himself to the tower, according to a report from ABC News. Dumont ended his quest due to failing health and the lack of a financial investor.
Shire Prepares New Bid for Baxalta, Will Create One of the World's Leading Specialist in Rare Disease if Bid Succeeds
Shire Plc, a company that develops and delivers innovative medicines for patients with rare disease, is preparing to make a new takeover offer to Baxalta, Inc., a source with direct knowledge of the matter told Reuters. The acquisition, if successful, will create one of the world’s leading specialists in rare disease.
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.
Pinnacle Foods to Acquire Boulder Brands, Expands Pinnacle's Presence in Health and Wellness Categories
Pinnacle Foods Inc. has announced in a press release that it will be acquiring Boulder Brands, Inc. for approximately $710 million. The acquisition will expand Pinnacle’s presence in growing and complementary health and wellness categories.
Elliot Management Takes 6.4 Percent Stake in Alcoa, Eyes Opportunities to Improve Company's Profit Margins
Elliot Management Corporation has disclosed that they have taken a 6.4 percent stake in Alcoa Inc., according to a report from Reuters.
Pershing Square Increases Stake in Valeant Pharmaceuticals, Showing Bill Ackman's Commitment to Drugmaker
Bill Ackman’s Pershing Square Capital Management, L.P. has disclosed that it increased its beneficial ownership of Valeant Pharmaceuticals International, Inc. to 9.9 percent shares outstanding. The transaction highlights the activist investor’s commitment to the drug maker despite its stock being battered.
Apple Planning to Launch Apple Pay in China, Hopes to Launch Electronic-Payment Service before February 8
Apple Inc. is planning to launch its new Apple Pay electronic-payment service in China by next year, people familiar with the discussions told The Wall Street Journal. Apple is hoping to launch the electronic-payment service before February 8, 2016, before China’s Spring Festival Holiday.
Carl Icahn Acquires 7.1 Percent Stake in Xerox, Claims Company Is 'Undervalued'
Carl Icahn has disclosed on Monday that he has accumulated a 7.1 percent stake at Xerox Corporation, according to a report from The Wall Street Journal.
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