Franchise News
MB Financial To Acquire American Chartered For Roughly $449 Million, Expands Commercial Banking Business
TrueCar Names Chip Perry as New President and CEO, Places Restoring Positive Relationship with Car Dealers as Top Priority
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.
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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.
Cisco Announced Intent to Acquire Acano, Accelerate the Company's Collaboration Strategy
Cisco Systems Inc. has announced in a press release its intent to acquire Acano Ltd., a privately held company based in London that provides collaboration infrastructure and conferencing software, for $700 million. The transaction will allow Cisco to accelerate its collaboration business.
Jawbone Lays Off 15 Percent of Staff Worldwide and Closes Down its New York Office
Jawbone Inc., the maker of fitness trackers, speakers and Bluetooth headsets, had laid off 60 employees, or 15 percent of its total staff, according to a report from TechCrunch.
Allegiant Announces Expansion to 2 New Cities and New Routes Service. Offer Fares As Low As $29 on the New Routes to Celebrate the Expansion
Allegiant Air, a low-cost airline owned by Allegiant Travel Company, has announced in a press release that it will be adding nine new routes and adding two cities to its nonstop service. To celebrate the expansion, the airline is offering one-way fares on the new routes for as low as $29.
Tyson Foods to Close Two Prepared Foods Plants, Aims to Improve Overall Performance of its Prepared Foods Business
Tyson Foods, Inc. has announced in a press release that it plans to discontinue operations at two of its prepared foods plants that will affect approximately 880 people. The meat processing company said that the closure is part of its efforts to improve the overall performance of its prepared foods business.
Conde Nast to End the Publication of Details Magazine, Part of Restructuring as the Company Evolve its Business
Condé Nast has now published the last issue of Details, a men's’ fashion and lifestyle magazine, after Bob Sauerberg, the president of the company, announced in an internal memo on Wednesday that production of the magazine will be halted, according to a report from The Huffington Post. Sauerberg said in the memo that Condé Nast is looking to “evolve the business” as the company responds to the changing behavior of its audiences.
Spotify Announced New Parental Leave Policy, One of the Most Generous in the U.S.
Katarina Berg, the chief human resource officer at Spotify has announced in a press release that the company will be introducing a new parental leave policy that is developed to support all of the company’s staff with families. The new parental leave policy is considered as one of the most generous in the U.S.
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