Franchise News
Wells Fargo Names Tim Sloan as President and COO, Makes Him Likely Successor to Chairman and CEO John Stumpf
Citrix to Spin Off GoTo Business, Enhances Company's Strategic Focus and Competitive Positions
Citrix Systems, Inc., a cloud computing software maker, has announced in a press release that it plans to spin off its GoTo family of products into a separate, publicly traded company. The move will allow Citrix and its GoTo business to enhance their strategic focus and respective competitive positions.
Latest News
Constellation Brands Acquires Ballast Point, Allows it to Compete in Craft Beer Segment
Constellation Brands Inc. has announced in a press release that it will be acquiring Ballast Point Brewing & Spirits, one of the fastest growing craft beer companies in the U.S., for approximately $1 billion. The acquisition allows Constellation to compete in the fast-growing craft beer segment and further strengthen its position in the highest end of the U.S. beer market.
Liberty Global Acquires Cables & Wireless, Creates Leading Consumer, B2B Communications Provider in Latin America and the Caribbean
Liberty Global plc has announced in a press release that it will be acquiring Cable & Wireless Communications Plc for approximately £3.5 billion, or $5.3 billion. The acquisition would create the leading consumer and B2B communication provider in Latin America and the Caribbean.
Julius Baer to Increase its Stake at Kairos, Reinforces its Long-Term Position in Italy
Julius Baer Group Ltd. has announced in a press release that it has agreed to increase its stake at Kairos Investment Management SpA, the leading independent Italian wealth and asset management firm. The acquisition would reinforce Julius Baer’s and Kairos’ long-term position in Italy.
Marriott to Acquire Starwood Hotels & Resorts, Become World's Largest Hotel Company
Marriott International, Inc. has announced in a press release that it will be acquiring Starwood Hotels & Resorts Worldwide, Inc. for $12.2 billion. The acquisition makes Marriott the largest hotel company in the world.
CEO Marcelo Claure Discusses 'One Sprint' Business Strategy
Marcelo Claure, the CEO of Sprint Corp., has just revealed his “One Sprint” business strategy in a weekly newsletter to employees, according to a report from the Kansas City Business Journal.
GE Close to Selling its Japanese Commercial Lending Business with 2 Bidders Remaining, Bids Value Business at $5 Billion
General Electric Co. (GE) is nearing the sale of its Japanese commercial lending business with only two bidders remaining, a person familiar with the matter told The Wall Street Journal. The bids have valued GE’s commercial lending and leasing operation at nearly $5 billion.
U.S. Regulator Orders Plains to Purge and Make Repairs to California Pipeline, Prevent Another Oil Spill
The U.S. Department of Transportation's Pipeline and Hazardous Materials Safety Administration (PHMSA) has ordered Plains All American Pipeline to purge and shut down a pipeline system in California until further notice, according to a PHMSA’s Corrective Action Order (CAO). The order is to prevent another oil spill that affected the Santa Barbara County shores in May.
Mitsubishi Aircraft Completes First Flight of its Next-Generation Regional Jet, Jet to be Tested at the U.S. on 2nd Quarter of 2016
Mitsubishi Aircraft Corporation and Mitsubishi Heavy Industries, Ltd. (MHI) have announced in a press release that they have completed the first flight of their first next-generation regional jet. The Mitsubishi Regional Jet is set to undergo its flight testing in the U.S. on the second quarter of 2016 at the jet’s base in Grant County International Airport at Moses Lake in Washington State.
Kohler's Workers Reject Contract Offer, Will Have First Union Strike since 1983
Union workers at Kohler Co. have overwhelmingly rejected the company’s last proposal on Sunday, November 15, 2015, according to a report from the Milwaukee Journal Sentinel. Kohler’s estimated 1,800 United Auto Workers (UAW) union member attending a meeting at Sheboygan High School have declared a strike, the company’s first since 1983, after the paper-ballot voting.
Most Read
