Franchise News
Boeing and Lockheed Martin Protests Awarding of Bomber Contract to Northrop, Asks the Government Accountability Office to Review the Decision
Lockheed Martin Completes Acquisition of Sikorsky, Advances its Commitment to Provide Affordable and Efficient Mission-Ready Solutions
Goldman Sachs to Promote Junior Bankers Quicker, Part of Effort to Retain Talent
Goldman Sachs Group Inc. has unveiled a series of changes within the company, including promoting junior bankers quicker, according to a report from Reuters. The company is looking to retain more talent with its series of changes.
Latest News
Coty Acquires Personal Care and Beauty Business of Hypermarcas for about $1 Billion in Cash, Provides Coty with Critical Mass Platform in Brazil
Coty, Inc. announced in a press release that it will be acquiring the personal care and beauty business of Hypermarcas S.A. for approximately $1 billion. The acquisition gives Coty a critical mass platform in Brazil.
Target Closing 13 Stores in the U.S., Falling Profits Reason for Closures
Target Corporation will be closing 13 of its stores across the U.S. on January 31, 2016, according to a report from CNN Money. The retail giant cited falling profits as the reason for the closure of the stores.
Regulators Increases Crackdown Against Abusive Debt Collectors In 1st Act Of Federal-State Enforcement Initiative
The Federal Trade Commission (FTC) and other law enforcement authorities around the country have announced a nationwide crackdown against abusive debt collectors, according to a press release issued by the FTC. The announcement is the first ever coordinated federal-state enforcement initiative against deceptive and abusive debt collection practices.
Southwest Pilots Reject Tentative Agreement with Southwest Airlines, Pilots' Association to Return to the Negotiating Table with the Airline
The members of the Southwest Airlines Pilots’ Association rejected the tentative agreement on a new labor contract the pilots' association made with Southwest Airlines, according to a press release issued by the pilots' association. The pilots’ association will return to the negotiating table with the airline to come up with a new labor contract.
Kraft Heinz to Close 7 Plants, Cut 2,600 Jobs, Company Looking to Cut Costs
Kraft Heinz Co., will be closing down seven factories and laying off about 2,600 employees in North America, according to a report from USA Today. The move is part of the company’s efforts to cut costs.
Airbnb Wins Battle in San Francisco, Plans to Create 100 Home-Sharing Political Clubs in 100 U.S. Cities
Voters in the city of San Francisco have soundly rejected Proposition F, a measure that would have limited short-term housing rentals to 75 nights a year, according to a report from The Wall Street Journal. The result is a victory for Airbnb Inc., who waged a sophisticated political campaign to defeat the initiative. The home-sharing site plans to launch a national campaign and create 100 home-sharing political clubs in 100 U.S. cities in 2016.
Expedia to Acquire HomeAway for about $3.9 Billion in a Cash and Stock Transaction, Better Compete Against Airbnb
Expedia, Inc. announced in a press release that it will be acquiring HomeAway, Inc. for approximately $3.9 billion in a cash and stock transaction. The transaction is seen as Expedia’s way of trying to compete better with apartment-sharing app Airbnb Inc.
BlackRock Acquires BofA's $87 Billion Cash Assets, Strengthens Cash Distribution Relationship
BlackRock, Inc. has announced in a press release that it has agreed for Bank of America Global Capital Management to transfer its investment management responsibilities of approximately $87 billion of assets under management to BlackRock. The transaction combines BlackRock’s expertise in global cash management and product suite with BofA Global Capital Management’s strength in client relationships.
RBC Completes Acquisition of City National, Will Hire More Bankers
Royal Bank of Canada (RBC) has announced in a press release that it has completed the $5 billion acquisition of City National Corporation. The bank plans to hire more than 100 bankers and open another office in New York as it seeks to expand City National.
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