Franchise News
Western Digital in Advanced Talks to Acquire SanDisk, Continues Trend of Dealmaking in Semiconductor Industry
Energy Recovery Announces 15-Year License Agreement with Schlumberger, Provides Exclusive Rights to Energy's VorTeq Hydraulic Pumping System
Energy Recovery, Inc., the leader in pressure energy technology for industrial fluid flows, has announced in a press release that it has signed a 15-year deal Schlumberger Technology Corporation. The deal involves Schlumberger having exclusive rights to Energy Recovery’s VorTeq hydraulic pumping system.
Latest News
Alibaba Lobbying Hard to Stay Off U.S. Blacklist, Following Renewed Suspected Counterfeits Sold on Shopping Platforms
Alibaba Group Holding Ltd. is pushing hard to stay off the U.S. Trade Representative’s blacklist, according to a report from Reuters. The Chinese e-commerce giant is facing renewed pressure this year due to suspected counterfeits being sold on its shopping platforms.
Air France Scales Back Number of Jobs it Plans to Cut in 2016, Job Cuts in 2017 Could Be Avoided
Alexandre de Juniac, the CEO of Air France, has scaled back the number of jobs it plans to cut in 2016 to fewer than 1,000, down from the 2,900 it earlier proposed, according to a report from Reuters. The job losses in 2017 could be avoided if the talks with unions will lead to an agreement on alternative savings measures by the beginning of next year.
United Airlines Remains Silent on Medical Condition of CEO, No Word on Who Will Temporarily Take Over
United Continental Holdings, Inc. declined to provide any details regarding the medical condition of Oscar Munoz, the company’s CEO, which was rushed to a hospital a few days earlier, according to a report from Reuters. The company has not even stated on who will temporarily replace Munoz as CEO while he continues to recover.
Deutsche Bank Announces Organizational Restructuring, Reorganization of Key Management Roles to Better Meet Client Demands
Deutsche Bank AG revealed during an extraordinary meeting in Frankfurt that the Supervisory Board of the company decided to restructure the bank’s business division and reorganize the executive committee and senior management, according to a press release issued by Deutsche Bank. The bank’s restructuring and reorganization will enable it to meet client demands and requirements of supervisory authorities.
U.S. to Announce the Registration of Drones, Address Increasing Number of Unauthorized Drone Sightings
The U.S. government is planning to announce a new initiative that would require people who plan to buy a drone to register the device with the U.S Department of Transportation, according to a report from NBC News. The new initiative is the government’s response to the increased reports of unauthorized sightings of unmanned drones near airports and crowded public venues.
McDonald's All-Day Breakfast Not Liked by Franchisees, Slowed Down Service and Created Chaos in Kitchens
Franchisees of McDonald’s are not liking the all-day breakfast menu that the fast food chain launched on Oct. 6, 2015, saying it has been a disaster, according to a report from the New York Post. They are saying that the all-day breakfast has slowed down service, lowered average bills and created chaos in the kitchen.
Steve Ballmer Reveals that He has a 4% Stake in Twitter, Boosts the Company's Stock Price
Steve Ballmer, the owner of the Los Angeles Clippers basketball team and the former CEO of Microsoft, revealed in a tweet that he has a four percent stake at Twitter, Inc. Forbes adds that the revelation of Ballmer has boosted Twitter’s stock by nearly five percent on Friday, October 16, 2015.
Viacom and Cablevision Settles Antitrust Litigation, Enter a Mutually Beneficial Business Arrangement
Viacom, Inc. and Cablevision Systems Corporation have settled their antitrust litigation that is related to a 2012 carriage agreement between the two companies, according to a press release issued by Viacom. The two companies are also entering into mutually beneficial business arrangements.
United Airlines CEO Hospitalized, Airline Continues to Operate Normally
The family of Oscar Munoz, the CEO of United Airlines, said that he was admitted to a hospital on Thursday, according to a press release issued by United Airlines. The airline said that they will still continue to operate normally despite the absence of their CEO.
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