Franchise News
Target Offers Free Shipping and Return in the U.S. for Holiday Season, Strikes Deal with Borderfree to Offer International Shopping and Shipping
Thrift Store Caught Making Money Selling Donated Clothes, Will Pay $700K as Part of Settlement
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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U.S. Bans Putting E-Cigarettes in Checked-in Luggage, Use and Charging of it on Planes, Avoid Safety Risks
The U.S. Department of Transportation Pipeline and Hazardous Materials Safety Administration (PHMSA) has issued an interim final rule that prohibits passengers and crewmembers from putting battery-powered portable electronic smoking devices in their checked-in luggage, according to a Transportation Department press release. The PHMSA has also prohibited the use and charging of the e-cigarette while on board the plane, to avoid safety risks.
IBM Close to Acquiring Digital, Data Assets of Weather Co., Deal Would be Valued at More Than $2 Billion
International Business Machines Corp. (IBM) is close to acquiring Weather Co.’s digital and data assets, people familiar with the matter told The Wall Street Journal. One of the people said that the deal would be valued at more than $2 billion.
Amazon Facing Class-Action Lawsuit from Ex-Delivery Drivers, Dispute over Contract Classification
Amazon.com. Inc. is facing a class-action lawsuit against the ex-delivery drivers of its Amazon Prime Now service, according to a press release issued by Leonard Carder LLP and published in PR Newswire. The lawsuit alleges that Amazon.com has wrongfully paid its delivery drivers as independent contractors even though they are treated as employees.
Fiat Chrysler Recalls 180,000 SUVs and Pickups, Faulty Rear Axle and Risk of Fire are Cited as Reasons for Recall
Fiat Chrysler Automobiles NV is recalling about 180,000 SUVs and pickup trucks in two separate recalls, according to a report from The Detroit News. The recalls are due to a risk of fire for the SUVs and potentially faulty rear axle for the pickup trucks.
U.S. Air Force Picks Northrop Grumman for Long Range Strike Bomber Contract, Tops Lockheed-Boeing for $80 Billion Contract
The U.S. Air Force (USAF) has given Northrop Grumman Corporation the contract to deliver the nation’s new Long-Range Strike Bomber, according to a press release issued by Northrop Grumman. The company has beaten out a team of Lockheed Martin and Boeing for the $80 billion contract.
Walgreens to Acquire Rite Aid for about $17.2 Billion in Cash, Expands Company's Role of Distributing Medications in U.S.
Walgreens Boots Alliance, Inc. has announced in a press release that it will be acquiring Rite Aid Corporation in an all cash transaction that is valued at approximately $17.2 billion, including acquired net debt. The acquisition expands Walgreens’ role of delivering high-quality retail pharmacy of choice for consumers in the U.S.
Delta Airlines to Leave Industry Trade Group, Airline Not Aligned with Group on Key Issues
Delta Air Lines Inc. announced in their own press release that it has notified Airlines for America about its plans to leave the trade group next year, saving about $5 million from the annual membership fee. The airline said that the trade group has not supported it in recent years regarding several key issues.
REI to Close on Black Friday, Urges Shoppers to Go Outside Instead
Recreational Equipment, Inc. (REI) said in a website called “optoutside” that it will be closing its doors on Black Friday. The company will be paying its employees to go outside during Black Friday and urges customers to join them.
JPMorgan Chase Launches its own Digital Wallet Chase Pay, Provides Alternative to Apple Pay
JPMorgan Chase Bank N.A., the consumer banking arm of JPMorgan Chase & Co., announced in a press release that launch of its own digital wallet Chase Pay. The new Chase Pay, which will allow consumers to pay retailers using their smartphones, is an alternative to Apple Pay.
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