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Airbnb Fighting Critical Battle in San Francisco, Spent more than $8 Million to Campaign Against Inititative
Commerzbank Chairman to Step Down on Oct 2016, Declined to Extend Contract
Commerzbank AG has announced in a press release that Martin Blessing, the chairman of the company’s Board of Managing Directors, will be stepping down from his post at the end of his contract on October 2016. He has declined the Supervisory Board’s offer to extend his contract beyond October 2016.
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EPA May Ban the Use of Common Pesticides on Fruits and Vegetables, Public Comments on the Proposal are Welcome with the Final Rule to Come Out on December 2016
The Environmental Protection Agency (EPA) may ban the use of a common pesticide on citrus fruits, almonds and other crops, according to a report from WIVB News. The agency is welcoming public comments on the proposal for at least two months before it come out with a final rule on December 2016.
United Continental to Stop its Outsourcing of Airport Jobs, Addresses Employee's Concerns with Regards to Job Security
United Continental Holdings, Inc. will be stopping its practice of outsourcing jobs at 39 U.S. airports until the end of 2016, according to a report from The Wall Street Journal. The airline said that the move is a response to employees’ concerns regarding job security.
U.S. Government Rejected Antitrust Proposal from Electrolux and GE, Will Challenge Merger in Court
The U.S. government has rejected Electrolux AG and General Electric Co.’s (GE) settlement proposal, according to a report from The Wall Street Journal. The U.S. Justice Department plans to take its concerns to trial on November 9, 2015.
Pontiac Silverdome to be Demolished, Owners Believe Site to be More Marketable Without Stadium
The owners of the Pontiac Silverdome, the former home of the Detroit Lions, have decided to demolish 40-year old stadium next year, according to a report from the Detroit Free Press. The private owners, the Triple Investment Group, shifted their strategy from selling the property with the Silverdome in it to believing that the site would be more marketable without the 80,000-seat stadium.
The President and CEO of 3D Systems Steps Down, Depature Comes After Major Decline in Company's Share Price
3D Systems Corporation has just announced in a press release that Abraham Reichental has resigned as president, CEO and director of the company, effective at the close of business on October 28, 2015. His departure follows a major decline in the share prices of 3D Systems, a high-profile 3D printing company.
Target Offers Free Shipping and Return in the U.S. for Holiday Season, Strikes Deal with Borderfree to Offer International Shopping and Shipping
Target Corporation has announced in a press release that it will be bringing back its free shipping and return for the holiday season. The company also announced that it has partnered with Borderfree Inc. to offer international shopping and shipping to more than 200 countries and territories.
Thrift Store Caught Making Money Selling Donated Clothes, Will Pay $700K as Part of Settlement
The office of New York Attorney General Eric Shneiderman announced in a press release that it has reached $700,000 settlement agreement with Thrift Land USA of Yonkers, Inc. Thrift Land, a for-profit company, was caught making a lot of money from selling clothes that were supposedly donated for charity.
Pfizer and Allergan in Merger Talks, Could be One of the Largest Deals in Industry's History
Pfizer, Inc. and Allergan PLC are in talks about a possible merger of the two companies, people familiar with the matter told The Wall Street Journal. The deal, if it pushes through, would be one of the largest deals in the history of the healthcare industry.
Barclays Officially Appoints Jes Staley as Group CEO, Will Pay Him up to $12.6 Million a Year
Barclays PLC and Barclays Bank PLC have announced in a press release that it has appointed James E. Staley as the Group CEO of the company, effective December 1, 2015. Staley will be receiving a pay of up to £8.24 million, or $12.6 million a year.
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