Franchise News
George Soros's Firm Pulls Out Nearly $500 Million Investment With Bill Gross Due to Poor Returns
EPA Issues 2nd Notice of Violation to Volkswagen, Finds Cheating Software on Audi and Porsche as Well
H-E-B Announces New Employee Ownership Plan, Employees to Get Ownership Stake of the Company
H-E-B Grocery Company LP has just announced in a press release that they are having a new employee ownership plan. Under the plan, 55,000 employees are eligible to receive a portion of stock in the company.
Latest News
GM Workers Voting on Labor Deal Between UAW and GM, Deal Gets Mixed Results
Workers at General Motors Company (GM) are voting to ratify a tentative labor agreement that the United Auto Workers union (UAW) reached with GM last week, according to a report from The Buffalo News. The tentative agreement has already gotten mixed results from GM workers, as workers from one plant rejected the deal and workers from another plant approved it.
Amazon to Shutdown Amazon Local Later This Year, Will Stop Selling Daily Deals
Amazon.com will be shutting down its Amazon Local website and Amazon Local app on December 18, 2015, according to Amazon Local’s help page. The online retailer will stop selling its daily deals on the said date.
HP to Split into Two Public Companies, As its CEO Seeks to Reinvent the Company
Hewlett-Packard Company has announced in a press release that it plans to separate the company into two new publicly traded Fortune 50 companies. The split is part of Meg Whiteman’s, the president, chairman and CEO of HP, plan to reinvent the company.
Peet's Coffee to Acquire a Majority Stake in Intelligentsia Coffee, Expands their Offering of Super-Premium Coffee
Peet’s Coffee & Tea has announced in a press release that they are acquiring a majority stake in Intelligentsia Coffee. The acquisition gives Peet’s Coffee access to Intelligentsia’s third wave coffee movement and expand its offering of super-premium coffee.
EPA May Ban the Use of Common Pesticides on Fruits and Vegetables, Public Comments on the Proposal are Welcome with the Final Rule to Come Out on December 2016
The Environmental Protection Agency (EPA) may ban the use of a common pesticide on citrus fruits, almonds and other crops, according to a report from WIVB News. The agency is welcoming public comments on the proposal for at least two months before it come out with a final rule on December 2016.
United Continental to Stop its Outsourcing of Airport Jobs, Addresses Employee's Concerns with Regards to Job Security
United Continental Holdings, Inc. will be stopping its practice of outsourcing jobs at 39 U.S. airports until the end of 2016, according to a report from The Wall Street Journal. The airline said that the move is a response to employees’ concerns regarding job security.
U.S. Government Rejected Antitrust Proposal from Electrolux and GE, Will Challenge Merger in Court
The U.S. government has rejected Electrolux AG and General Electric Co.’s (GE) settlement proposal, according to a report from The Wall Street Journal. The U.S. Justice Department plans to take its concerns to trial on November 9, 2015.
Pontiac Silverdome to be Demolished, Owners Believe Site to be More Marketable Without Stadium
The owners of the Pontiac Silverdome, the former home of the Detroit Lions, have decided to demolish 40-year old stadium next year, according to a report from the Detroit Free Press. The private owners, the Triple Investment Group, shifted their strategy from selling the property with the Silverdome in it to believing that the site would be more marketable without the 80,000-seat stadium.
The President and CEO of 3D Systems Steps Down, Depature Comes After Major Decline in Company's Share Price
3D Systems Corporation has just announced in a press release that Abraham Reichental has resigned as president, CEO and director of the company, effective at the close of business on October 28, 2015. His departure follows a major decline in the share prices of 3D Systems, a high-profile 3D printing company.
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