Franchise News
Alibaba Proposes to Acquire All Outstanding Shares of Youku Tudou, Expand Partnership of Both Companies
Alibaba Group announced in a press release that it has made a non-binding proposal to acquire all the outstanding shares of Youku Tudou, Inc., including all the American depository shares (ADS) that Alibaba doesn’t already own. The transaction would expand the existing partnership between Alibaba and Youku Tudou.
Latest News
Yum! Brands Announces Appointment of Keith Mester into Board, Updates Outlook for 2015
Yum! Brands, Inc., the company that owns KFC, Pizza Hut and Taco Bell, has announced in a press release the appointment of Keith A. Meister into its board of directors. The company also updated its outlook for 2015.
Synchrony Receives Approval from Federal Reserve Bank, One Step Closer to Becoming Fully Independent Company
Synchrony Financial has received a key approval from the Federal Reserve System Board of Governors to become a standalone savings and loan holding company, according to a press release issued by Synchrony. The approval marks a major step for Synchrony to become a fully independent company.
Northrop Announces Organizational Changes, Appoints New COO
Northrop Grumman Corporation, a leading global security company, will be undergoing structural changes to better align the company’s businesses, according to a press release issued by Northrop Grumman. The company also announced that it will be appointing Gloria Flach as its new COO.
Union Square Hospitality Group Eliminates Tipping Throughout All Restaurants, Provides Equal Compensation for Employees
Danny Meyer, the CEO of Union Square Hospitality Group, said in a letter published by Union Square that the company will be eliminating tipping throughout all of the company’s family of restaurants. This move allows Union Square to equally, competitively, and professionally compensate all of their employees.
Uber Launches Delivery Service, Allows Businesses to Get Customers What They Want
Uber announced in a blog post the launching of UberRUSH, it's new delivery service that allows businesses in Chicago, New York, and San Francisco to provide delivery to its customers. Businesses in these areas just need to press a button in their Uber app to get customers what they want and when they want it.
Twitter Hires Omid Kordestani as Executive Chairman, Latest Step in Company's Turnaround Efforts
Twitter Inc. has just hired Omid Kordestani, an executive from Google Inc., to be their new executive chairman, according to a report from Reuters. The move is the latest step in the social media company’s latest turnaround effort under COE Jack Dorsey.
Paypal Announces Expansion of Free Return Service, Hopes to Increase Percentage of Online Holiday Sales
Paypal Holdings Inc., will be expanding its free return service called “Return Shipping On Us,” which is now available in the U.S., according to a report from Techcrunch. Paypal is expanding the service in hopes of increasing its percentage of online holiday sales.
Entergy to Close Down Pilgrin Nuclear Power Station in Massachusetts, Due to Low Energy Prices, High Operating Costs, Little Expectation of Market Improvements
Entergy Corporation, an integrated energy company engaged primarily in electric power production and retail distribution operations, will be closing down its Pilgrim Nuclear Power Station in Plymouth, Massachusetts no later than June 1, 2019, according to a press release issued by Entergy. The closing down of the nuclear power station is due to poor market conditions, increased operational costs, and reduced revenues.
Etihad Signs $700 Million Technology Service Agreement with IBM, Enhance Airline's Guest Experience, Develop Infrastructure, Security
Etihad Airways has signed a ten-year technology service agreement with IBM worth approximately $700 million, according to a press release issued by Etihad. The agreement will allow the airline to enhance its guest experience, develop infrastructure and security, and improve efficiency.
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