Franchise News
Port Authority Board Approves Plan to Replace New York City Bus Terminal, Will Hold Design Competition for New Terminal
Best Buy to Offer Free Shipping for Holiday Season, Competes Aggressively with Amazon, Wal-Mart, Target
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.
Latest News
CIT's CEO to Retire in March 2016, Will be Succeeded by Ellen Alemany
CIT Group Inc. announced in a press release that John A. Thain, the company’s CEO, will be retiring on March 31, 2016 but will continue to serve as chairman of the board of directors. Succeeding Thain as the new CEO once he retires will be Ellen R. Alemany, who will also become a member of the management team as vice chairman on November 1, 2015.
SolarWinds to be Acquired by Silver Lake, Thoma Bravo for about $4.5 Billion, Sees Potential of SolarWinds
SolarWinds, a leading provider of powerful and affordable IT management software, announced in a press release that it will be acquired by Silver Lake Partners and Thoma Bravo, LLC, for approximately $4.5 billion in cash. The two companies, which will take SolarWinds private, see the potential for the company to extend and grow.
Shortage of LEGO During Christmas Time will Affect Europe, Company's Manufacturer Unable to Keep Up with Demand
The LEGO Group has announced that it will be having a shortage of supplies of LEGO for the holiday season in some countries, according to a report from USA Today. The company has been doing so unexpectedly well that its manufacturers will be unable to keep up with demand come December.
Fresh & Easy Begins Closing Down its Operations, Still Looking for Buyers
Fresh & Easy, a struggling grocery chain, is beginning the process of winding down its business operations, according to a report from The Orange County Register. The company though, is still looking for buyers to sell part or all of its locations and operations.
Mcdonald's Testing Sales of Monster Energy Drink, Looking for Boost in Sales
McDonald’s Corp. is testing the sales of Monster Beverage Corp’s energy drinks in about 20 U.S. branches, according to a report from The Wall Street Journal. The fast food restaurant chain is looking for a boost to reverse its sales slump.
EOS USA Opens Call Center in Somerset, Kentucky, Creates 150 Jobs
EOS USA, a provider of customer care and receivables management services, has opened a new flagship customer-service call center at Somerset, Kentucky, according to a report from The Lane Report. The new call center office provides the Pulaski County with 150 jobs.
ESPN Plans to Cut 350 Jobs, Rising Costs of Programming, Loss of Viewers Confront Company
People familiar with the matter have told Bloomberg that ESPN is planning to cut as many as 350 jobs, about 4.3 percent of the company’s workforce. The job cuts are due to the rising costs in programming and loss of viewership.
Blackstone and Ivanhoe Cambridge Acquires Stuyvesant Town and Peter Cooper Village, Preserves Affordable Apartments
New York City Mayor Bill de Blasio, local elected officials and tenant leaders have announced in a press release that the Blackstone Group L.P. and Ivanhoe Cambridge, a subsidiary of Caisse de dépôt et placement du Québec, a leading Canadian pension fund manager, will acquire Stuyvesant Town and Peter Cooper Village. The two companies have agreed to preserve the affordable apartments.
Shareholders of Aetna and Humana Approve Acquisition, Still Needs Approval of Federal Regulators
Aetna, Inc. announced in a press release that their shareholders and the shareholders of Humana, Inc. have approved the proposal related to Aetna acquiring Humana. The proposed acquisition now only needs the approval of federal regulators for the deal to push through.
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