Franchise News
Duke Energy to Acquire Piedmont for about $4.9 Billion in Cash, Adds Natural Gas Platform as Growth in Power Demand Slows
Wal-Mart Asks Permission to Test Drones for Home Delivery, Pickup, Looking to Compete Against Amazon
Diebold Announces Cardless ATM, Citigroup Testing New Technology
Diebold, Inc. has announced in a press release the introduction of Irving concept, an ATM machine that dispenses cash to the consumer without the need of an ATM card. Citigroup, Inc. is testing the new technology at its innovation lab in New York.
Latest News
Toshiba Close to Selling Sensor Business to Sony, Looking to Raise Cash
Toshiba Corp. is close to selling its sensor business to Sony Corp. for about ¥20 million, or about $165 million, people familiar with the matter told Bloomberg. The company is looking to sell its assets and raise cash following an accounting scandal.
DOE Cancels Plan to Ship the First of Two Nuclear Waste to Idaho for Research, Officials Unable to Arrive at a Waiver for 1995 Agreement
The U.S. Department of Energy (DOE) has cancelled the first of the two nuclear waste coming from commercial reactors out of state that it plans to ship to the Idaho National Laboratory, according to a report from ABC NEws. The DOE cancelled the first shipment due to federal and state officials’ inability to come to terms on a waiver to a 1995 agreement.
Founder of Staples Thomas Stemberg Dies at 66, Was Battling Gastric Cancer
Thomas G. Stemberg, the man who co-founded Staples Inc. and invented the office superstore, died Friday, October 23, 2015, at his home in Chestnut Hill, according to a report from the Boston Globe. Stemberg, 66, was battling gastric cancer, which he was diagnosed with two years ago.
Rodney Slater Tapped to Audit Fiat Chrysler's Safety Practices, Part of Settlement with Federal Regulators
Rodney Slater, a former U.S. Transportation Secretary, has been tapped to audit Fiat Chrysler Automobile NV’s (FCA) safety practices, according to a report from The Wall Street Journal. The move is part of the FCA’s settlement with federal regulators.
Tyson Foods Increase Pay at Chicken Plants, Looking to Boost Employee Recruitment and Retention
Tyson Foods, Inc. announced in a press release that they will be increasing the hourly at most of its chicken plants in the U.S. The pay increase is the company’s way of trying to boost employee retention and recruitment.
TVA Receives License for Nuclear Unit, Fed's First Nuclear Reactor Approval in Nearly 20 Years
The Tennessee Valley Authority (TVA) received an operating license for its Watts Bar Unit 2 nuclear reactor, according to a press release issued by the TVA. TVA’s Watts Bar Unit 2 is the first new nuclear reactor in nearly 20 years that the U.S. Government has given approval.
Port Authority Board Approves Plan to Replace New York City Bus Terminal, Will Hold Design Competition for New Terminal
The Port Authority of New York & New Jersey board of directors have approved a plan to replace the dilapidated 65-year-old bus terminal in New York City, according to a report from the Washington Times. The Port Authority will hold an international design competition for the design of the new bus terminal and will choose a winner by September 2016.
Best Buy to Offer Free Shipping for Holiday Season, Competes Aggressively with Amazon, Wal-Mart, Target
Best Buy, the largest consumer electronic chain in the U.S., will be dropping all of the restrictions to avail of the free shipping for the holiday season, according to a report from The New York Times. The company is aiming to compete aggressively with Amazon.com, Wal-Mart and Target during the holiday season.
American Airlines to Build New Headquarters in Fort Worth, Part of Continuing Integration with U.S. Airways
American Airlines said in a letter to employees that they will be building a new headquarters and create a corporate campus in Fort Worth, Texas, according to a report from the Dallas Business Journal. The new headquarters and corporate campus is still part of the airline’s continuing integration with U.S. Airways, which it merged with two years ago.
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