Franchise News
Blackberry Confirms New Android-Powered Smartphone, Also Anticipates Modest Growth in Revenue for Remaining Fiscal 2016
EU Begins In-Depth Investigation Regarding Staples Takeover of Office Depot, Staples to Work Closely with EU
The European Commission has announced in a press release that they had begun the in-depth investigation of Staples, Inc.’s acquisition of Office Depot under the EU Merger Regulation.
Latest News
Hudson City Reaches Settlement Agreement with DOJ and CFPB for Redlining Case
Hudson City Bancorp, Inc. has reached a settlement agreement with the U.S. Department of Justice (DOJ) and the Consumer Financial Protection Bureau (CFPB), according to a press release issued by Hudson City.
Caterpillar to Cut More Than 10,000 Jobs, Part of Restructuring and Cost Reduction Plans
Caterpillar, Inc. has announced in a press release a possible workforce reduction of 10,000 people as part of its plan to lower operating costs by about $1.5 billion annually.
AB InBev to Acquire Golden Road Brewing, Enhances Craft Portfolio
Anheuser-Busch InBev (AB InBev) has announced in a press release that it will be acquiring Golden Road Brewing, a Los Angeles-based craft brewer.
Uber Launches Carpooling Service uberCOMMUTE in China, First Time to Launch Outside the U.S.
Uber has announced in a news release that it has launched its carpooling service uberCOMMUTE in Chengdu, China.
JC Penney Promotes John Tighe to Chief Merchant, Liz Sweney to Retire
JC Penney Company, Inc. has announced in a press release that they are promoting John Tighe, a senior vice president and senior general manager of the company’s men’s division, to executive vice president and chief merchant effective October 1.
BBA Aviation to Acquire Landmark Aviation for $2.1 Billion, Enhance BBA's Own FBO Network, Signature
BBA Aviation Plc, a leading global aviation support and aftermarket services provider, announced in a press release that it will be acquiring Landmark Aviation for about $2.1 billion in cash from The Carlyle Group.
Boeing Signs Deal with Group of Chinese Companies to Sell 300 Aircraft, Build Aircraft Completion Center in China
A group of Chinese companies have signed an agreement to purchase 300 aircraft from Boeing Company, according to a report from the official Xinhua News Agency.
Coca-Cola Spent More than $118 Million on Health Research over 5 Years, Support Solutions for Public Health Issues
Sandy Douglass, the president of Coca-Cola North America said in a transparency statement that the company had spent $118.6 million in funding research for health-related issues.
Brian Moynihan to Keep Chairman and CEO Title, 63% of Bank of America Shareholders Approve
The Bank of America (BofA) has announced in a press release that Brian Moynihan, the company’s chairman and CEO, will keep both of his posts after shareholders approved the proposal to ratify the 2014 amendments to the company’s bylaws that permitted the board of directors to determine its leadership structure.
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