Franchise News
Qatar Investment Authority Opens Office in New York, Plans to Expand in U.S., Internationally
Ralph Lauren to Step Down as CEO, Will Continue to Lead the Company as Executive Chairman and CCO
Chesapeake Energy Cuts 15% of Jobs, Plans to Reduce Costs, Better Align Workforce
Chesapeake Energy Corporation is planning an approximately 15 percent reduction in its workforce, according to a regulatory filing that the company submitted on Sept 29, 2015. The company said that the planned reduction is part of its overall plan to reduce costs and better align its workforce.
Latest News
NBCUniversal Buys 51% Stake in Universal Studios Japan for $1.5 Billion, Part of Strategy to Expand Theme Park Business
Comcast NBCUniversal has announced in a press release that they are purchasing a 51 percent ownership in Universal Studios Japan in a recapitalization transaction valued at ¥183 billion or $1.5 billion.
Shell Abandons Exploration in Offshore Alaska, High Costs, Unpredictable Federal Regulatory Enviroment in Area Cited as Reasons
Royal Dutch Shell is ceasing further its exploration activities in offshore Alaska for the foreseeable future, according to a press release issued by Shell. The company cites the high costs associated with the project and the challenging and unpredictable federal regulatory environment in offshore Alaska as the reason for the decision.
Facebook Introduces New Updates to Help Advertisers, Showcases Strength in Mobile
Facebook, Inc. has announced in a news release that it is offering new updates for businesses who want to advertise on the social network.
Mortgage Rates Decline Following Fed's Decision to Keep Interest Rates Lower, Boost Application for New Loans
The Primary Mortgage Market Survey of Freddie Mac has shown that the average fixed mortgage rates have declined following the decision of the U.S. Federal Reserve to keep, according to the press release issued by Freddie Mac.
U.S. GDP Increased by 3.9% During Second Quarter due to Consumer Spending, Construction, Backs Case for Raising Interest Rates this Year
The Bureau of Economic Analysis announced in a press release that the U.S.’s real domestic gross product (GDP), the value of the goods and services produced by the nation’s economy less the value of the goods and services used up in production, adjusted for price changes, have increased by 3.9 percent in the second quarter.
Boeing, U.S. Air Force Complete First Test of KC-46A Tanker, To Pave Way for Aerial Refueling, Milestone C Testing
The Boeing Co. and the U.S. Air Force (USAF) have successfully completed the first flight of the KC-46A Tanker aircraft, according to a press release issued by Boeing.
Possible Card Breach at Hilton Hotels, Company Investigating The Claims
A possible card breach may have occurred at several gift shops and restaurants at a large number of hotels and franchises owned by Hilton Worldwide Holdings, multiple sources in the banking industry have told Brian Krebs, a cyber-security blogger.
Regulators Shut Down Health Republic, Company likely to become Financially Insolvent
The New York State Department of Financial Services (NYDFS), the Centers for Medicare and Medicaid Services (CMS), and the New York State of Health (NYSOH) health plan marketplace have announced in a press release issued by the NYDFS that they are directing the Health Republic Insurance of New York co-op to cease writing new health insurance policies and to wind down after the expiration of its existing policies.
Sanderson Farms Recalls More than 550,000 Pounds of Chicken, Contains Foreign Material
Sanderson Farms, Inc. is voluntarily recalling approximately 551,090 pounds of chicken products that is produced in its plant in Hazlehurst, Mississippi, according to their own press release.
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