Franchise News
UAW's Tentative Agreement With Ford Endorsed by Local Leaders, Richer than Contracts Agreed by UAW with Other Automakers
Yahoo Hires McKinsey & Co., Will Help Company Decide which Units to Shutter, Sell or Invest More
Seaworld to End Theatrical Killer Whale Show in San Diego, Will Replace it With More Informative Presentation
SeaWorld Entertainment Inc. is planning to end its traditional Shamu show in San Diego as the company rebuilds its brand and battles declining sales, according to a report from The San Diego Union-Tribune. SeaWorld plans to replace the theatrical show with a more informative one that shows the natural behavior of the orca by 2017.
Latest News
Lufthansa Announces Cancellation of 929 Flights Due to Labor Union Strike, Discussions on Retirement and Wage Issue Broke Down
Lufthansa AG, Germany’s airline, has canceled about 929 continental and intercontinental flights on Monday, November 9, 2015, according to travel information published by Lufthansa. The cancellations were due to the Independent Flight Attendant’s Organization (UFO) call for strike action, which is continuing for a third day, on Lufthansa’s flights to and from Frankfurt, Dusseldorf, and Munich.
Singapore Airlines to Buy Remaining Shares of Tiger Airways, Plans to Delist, Privatize Airline
Singapore Airlines (SIA) has announced in a press release that it is launching a voluntary conditional general offer for all the shares of Tiger Airways that it does not already own. SIA, who currently owns 55.8 percent of Tiger Airways, plans to delist and privatize the budget airline through the offer.
Several Volkswagen Engineers Admit Rigging CO2 Emissions, Goals Set by Former CEO Difficult To Achieve
Several engineers at Volkswagen have admitted to manipulating the carbon dioxide emissions data to pass the emission testing, according to a report from Reuters. The engineers rigged the carbon dioxide emissions because the goal set by former CEO Martin Winterkorn were difficult to achieve.
Weyerhaeuser to Buy Plum Creek, Create World's Premier Timber, Land and Forest Products Company
Weyerhaeuser Company, one of the world's largest private owners of timberlands, has announced in a press release that it would be acquiring Plum Creek Timber Co. The combination of the two companies would create the world’s premier timber, land and forest products company.
BPA Close to Releasing Decision on High-Powered Transmission Line Plan , BPA will Release Final Environmental Impact of the Plan
The Bonneville Power Administration (BPA) is close to releasing its decision regarding the high-powered transmission line between Washington and Oregon, according to a report from The Columbian. The BPA plans to release it’s a final environmental impact statement on the project by the end of the year.
Alibaba Acquires Youku Tudou, Looking to Stream More Content to Chinese Internet Users
Alibaba Group Holding Limited announced in a press release that it will be acquiring Youku Tudou, Inc. in an all-cash transaction. Jack Ma, the founder and executive chairman of Alibaba Group, is looking to stream more content to Chinese Internet through Youku.
Verizon Exploring the Sale its Enterprise Business, Looks to Focus on Core Business
Verizon Communications Inc. is looking to sell its enterprise business, which could be worth as much as $10 billion, people familiar with the matter told Reuters. The largest wireless carrier in the U.S. is looking to focus more on its core business.
Thanksgiving Air Travel to Rise to 25.3 Million Passengers, Highest Since the Great Recession
Airlines for America (A4A), the industry trade organization for the leading U.S. airlines, said in a press release that the air travel during the 12-day Thanksgiving travel period this year is projected to increase 3 percent from the 24.5 million estimated in 2014. The projected 25.3 million passengers that will travel globally on U.S. airlines is the highest number since the Great Recession.
UAW Reaches Tentative Agreement with Ford, Agreement to be Reviewed by Local Union Leaders
The United Automobile Workers (UAW) union have reached a proposed tentative agreement on labor contracts with Ford Motor Company, according to a press release issued by the UAW. The bargaining team of UAW has voted unanimously to send the proposed tentative agreement to local union leaders who make up UAW’s National Ford Council (NFC) for review.
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