Franchise News
Delta Airlines to Leave Industry Trade Group, Airline Not Aligned with Group on Key Issues
Walgreens to Acquire Rite Aid for about $17.2 Billion in Cash, Expands Company's Role of Distributing Medications in U.S.
Walgreens Boots Alliance, Inc. has announced in a press release that it will be acquiring Rite Aid Corporation in an all cash transaction that is valued at approximately $17.2 billion, including acquired net debt. The acquisition expands Walgreens’ role of delivering high-quality retail pharmacy of choice for consumers in the U.S.
Latest News
Wal-Mart Asks Permission to Test Drones for Home Delivery, Pickup, Looking to Compete Against Amazon
Wal-Mart Stores, Inc. has applied to the Federal Aviation Administration (FAA) for permission to test drones for home delivery.
Famous Dave Welcomes Back its Founder, Part of Company's Reorganization
Famous Dave’s of America, Inc. has just announced in a press release that it is welcoming back its founder “Famous Dave” Anderson. His return to the company is part of a reorganization that includes having several new members to its board of directors and executive management team.
United Continental Reaches Tentative Agreement with International Brotherhood on Collective Bargaining, Awaiting Ratification
United Continental Holdings, Inc. has announced in a press release that it has reached with International Brotherhood of Teamsters to put a proposed joint collective bargaining agreement. The proposed collective bargaining agreement is just awaiting ratification.
Jeff Bezos Becomes 3rd Richest in the U.S., Adds $2.9 Billion to his Fortune
Jeff Bezos, the founder of Amazon.com Inc., is now the third-richest man in the U.S. with a net worth of $53.2 billion, according to a report from Bloomberg. Bezos added $2.9 billion to his Fortune last Friday, October 23, 2015, when Amazon.com’s shares went up by more than $35.
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.
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