Franchise News
General Mills Recalls Over 1 Million Box of Cheerios, Undeclared Allergen Cited as Cause
Skyworks to Buy PMC-Sierra for $2 Billion, Expands Product Portfolio, Customer Base, End Market Applications
Skyworks Solutions, Inc., an innovator of high performance analog semiconductors connecting people, places and things has announced in a press release that they will be acquiring PMC-Sierra, Inc. for $10.50 per share, or approximately $2 billion in cash. The acquisition will expand Skyworks’ product portfolio, customer base, and end market application.
Latest News
American Apparel Files Chapter 11 Bankruptcy, Will Reorganize Company, Revitalize Brand
American Apparel, Inc. has announced in a press release that the company and certain of its domestic subsidiaries have filed for a Chapter 11 of the U.S. Bankruptcy in the U.S. Bankruptcy Court for the District of Delaware.
Deere Workers Ratifies New Labor Contract, Many Workers Still Not Satisfied
Deere & Company said in a press release that the United Auto Workers (UAW) union have informed them that its members have ratified the new six-year master labor agreement with the company. Many workers though are still not satisfied with the new labor contract, which was held on Sunday at the McLeod Center on the University of Northern Iowa campus.
EPA Strengthens Limit on Ground Level Ozone, New Policy Pleases No One
The Environmental Protection Agency (EPA) announced in a video that it is strengthening the standard of air quality for ground level ozone, or smog. The new standard didn’t please anyone, from the businesses who will need to meet the new requirements, to the Environmentalists who are calling for tighter Environmental regulations.
Mortgage Rates Largely Unchanged, Stays Below 4% for 10th Straight Week
The Primary Mortgage Market Survey of Freddie Mac has shown that mortgage rates have been largely unchanged, according to a press release issued by Freddie Mac. This week’s results shows that mortgage rates have stayed below four percent for 10 consecutive weeks.
World Bank Calling for Boost in Capitals, Citing Several Factors to Warrant Need for Greater Resources
Jim Yong Kim, the president of the World Bank, is calling for global leaders to increase the institution’s capital base, according to a report from the Financial Times. Kim argues that the slowdown in emerging markets and the agreed upon developmental goals of the UN are reasons for the bank to need greater resources.
Rolls-Royce to Cut 400 Management Jobs, Attempts to Increase Confidence in Diversification Strategy
Rolls-Royce Holdings Plc, a maker of jet engines, may be announcing a plan to cut 400 management jobs in its flagging marine division, people with knowledge of the matter told the Financial Times. The job cuts are the company’s attempt to increase the confidence in diversification strategy that is being challenged by investors.
Staples to Close Stores on Thanksgiving Day, Will Feature Amazing Deals Online
Staples, Inc. will be closing its stores on Thanksgiving Day while offering amazing deals on Staples.com, allowing customers to still shop at the convenience of their own homes, according to a press release issued by Staples.
Walmart Lays Off 450 Workers at its Headquarters, Increase Competitive Edge
Wal-Mart Stores, Inc. laid off 450 employees last Friday at its headquarters, which is located in Bentonville, Arkansas, according to a report from USA Today. The layoffs are part of the retail giant’s plan to increase its competitive edge.
Sweden Trying Out 6-Hour Workday, Provides More Productivity, More Focus and Better Morale to Employees
Several Swedish companies are veering away from the 8-hour workday and are shifting into 6-hour workday or a 30-hour workweek, according to a report from Fast Company. The 6-hour workday provides the company’s employees more productivity, more focus and a better morale.
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