Franchise News
Rolls-Royce Invests Nearly $600 Million in Facilities in Indianapolis, Modernize Manufacturing, Conduct Technology Research
AmerisourceBergen to Acquire PharMEDium for $2.575 Billion, Expands Company's Service Offerings for Health Systems
SunEdison to Reduce Global Workforce by 15%, Part of Restructuring Plan to Optimize Business Operations
SunEdison, Inc. will be reducing its global workforce by approximately 15 percent as a response to the current and expected market conditions and to remove duplicative activities as a result of merger and acquisition, according to a SEC filing by SunEdison. The workforce reduction is part of a restructuring that the company is conducting to optimize business operations and to accelerate cash flow positive operations.
Latest News
Emil Brolick to Retire as CEO of Wendy's, Current CFO Expected to be Successor
Emil Brolick, the president and CEO of Wendy’s Company, is planning to retire from management duties with the company in May 2016, according to a press release issued by Wendy’s. Todd Penegor, the executive vice president and CFO of Wendy’s, is expected to be named as the successor to Brolick.
Trian Partners Discloses $2.5 Billion Stake at GE, Believes in GE's Long-Term Potential
Trian Fund Management L.P., a firm led by activist investor Nelson Peltz, has disclosed in a press release that they have become one of the top ten shareholders of General Electric (GE) with a beneficial ownership of 98.5 million GE shares that are currently valued at approximately $2.5 billion. Trian believes in GE’s long-term potential that will generate attractive stockholder returns.
Managers of Air France Flee after Angry Workers Disrupt Meeting, Airline Plans to Cut 2,900 Jobs
The managers of Air France forced to flee a meeting after a mob of angry workers waving banners and flags stormed the room, according to a report from Reuters. The airline has confirmed during the meeting that they plan to cut 2,900 jobs by 2017 and shed 14 aircraft from its long-haul fleet.
American Apparel Files Chapter 11 Bankruptcy, Will Reorganize Company, Revitalize Brand
American Apparel, Inc. has announced in a press release that the company and certain of its domestic subsidiaries have filed for a Chapter 11 of the U.S. Bankruptcy in the U.S. Bankruptcy Court for the District of Delaware.
Deere Workers Ratifies New Labor Contract, Many Workers Still Not Satisfied
Deere & Company said in a press release that the United Auto Workers (UAW) union have informed them that its members have ratified the new six-year master labor agreement with the company. Many workers though are still not satisfied with the new labor contract, which was held on Sunday at the McLeod Center on the University of Northern Iowa campus.
EPA Strengthens Limit on Ground Level Ozone, New Policy Pleases No One
The Environmental Protection Agency (EPA) announced in a video that it is strengthening the standard of air quality for ground level ozone, or smog. The new standard didn’t please anyone, from the businesses who will need to meet the new requirements, to the Environmentalists who are calling for tighter Environmental regulations.
Mortgage Rates Largely Unchanged, Stays Below 4% for 10th Straight Week
The Primary Mortgage Market Survey of Freddie Mac has shown that mortgage rates have been largely unchanged, according to a press release issued by Freddie Mac. This week’s results shows that mortgage rates have stayed below four percent for 10 consecutive weeks.
World Bank Calling for Boost in Capitals, Citing Several Factors to Warrant Need for Greater Resources
Jim Yong Kim, the president of the World Bank, is calling for global leaders to increase the institution’s capital base, according to a report from the Financial Times. Kim argues that the slowdown in emerging markets and the agreed upon developmental goals of the UN are reasons for the bank to need greater resources.
Rolls-Royce to Cut 400 Management Jobs, Attempts to Increase Confidence in Diversification Strategy
Rolls-Royce Holdings Plc, a maker of jet engines, may be announcing a plan to cut 400 management jobs in its flagging marine division, people with knowledge of the matter told the Financial Times. The job cuts are the company’s attempt to increase the confidence in diversification strategy that is being challenged by investors.
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